How it everyone feeling during this altcoin crash?

[JamesDaniel90]

Better 24 hours for crypto with the market reacting to the US/Iran war possibly coming to an end later this week and Bitcoin is back at $67k almost.

I wont believe the war is over till it is signed on Friday as a lot can happen between now and then.

I bought a few altcoins at the bottom last week , mainly im just waiting for the market to rebound and start heading up again but who knows if that will be soon or later this year.

My portfolio fell below minus 50% for the first time last week, it is currently -45%.

[Humblevirus]

My Altcoin portfolio pumped 200% in 5 weeks in 2024, it will do that again.

Being down with Altcoins is normal in a bear market, but when the good times return they will pump a lot faster than Bitcoin will.

Altcoins can spend months even years going down, but it only takes a few weeks to then undo all of the time spent going down when the good times return.

Altcoins are one of the easiest ways to make huge profits, but they are also one of the easiest ways to lose money in the crypto industry. One altcoin has given me more than 10x my investment before, and at the same time, I have also suffered serious losses from altcoin investments.So, I feel that altcoins that generate very high profits hardly survive in the crypto market for a long time. What I am trying to say is that some altcoins may perform very well during a bull run, but during a bear market, they can dump heavily and may never recover again.

I have invested in some altcoins before. There was one altcoin I bought when it was $10, and I decided to hold it for the long term. It eventually pumped to $60 during altcoin season, but the last time I checked, its price had fallen to just $0.50.Therefore, it is mostly luck that determines whether a project that brings huge profits during its short period of success can survive for a long time. For someone to enjoy altcoin investing, it is often better to hold for the short term rather than the long term.

[JamesDaniel90]

My Altcoin portfolio pumped 200% in 5 weeks in 2024, it will do that again.

Being down with Altcoins is normal in a bear market, but when the good times return they will pump a lot faster than Bitcoin will.

Altcoins can spend months even years going down, but it only takes a few weeks to then undo all of the time spent going down when the good times return.

Altcoins are one of the easiest ways to make huge profits, but they are also one of the easiest ways to lose money in the crypto industry. One altcoin has given me more than 10x my investment before, and at the same time, I have also suffered serious losses from altcoin investments.So, I feel that altcoins that generate very high profits hardly survive in the crypto market for a long time. What I am trying to say is that some altcoins may perform very well during a bull run, but during a bear market, they can dump heavily and may never recover again.

I have invested in some altcoins before. There was one altcoin I bought when it was $10, and I decided to hold it for the long term. It eventually pumped to $60 during altcoin season, but the last time I checked, its price had fallen to just $0.50.Therefore, it is mostly luck that determines whether a project that brings huge profits during its short period of success can survive for a long time. For someone to enjoy altcoin investing, it is often better to hold for the short term rather than the long term.

Yeah lets see, i have a number of altcoins i believe will be around at least few more years so will see another bull run and should do well.

But i also hold a few that are risky, low market cap and not sure if they will survive.

The main thing is being diverse, i am not too heavy into any altcoin, as long as the safer altcoins perform well next few years then i feel i will be fine.

[dwyane36]

Altcoins are one of the easiest ways to make huge profits, but they are also one of the easiest ways to lose money in the crypto industry. One altcoin has given me more than 10x my investment before, and at the same time, I have also suffered serious losses from altcoin investments.So, I feel that altcoins that generate very high profits hardly survive in the crypto market for a long time. What I am trying to say is that some altcoins may perform very well during a bull run, but during a bear market, they can dump heavily and may never recover again.

I have invested in some altcoins before. There was one altcoin I bought when it was $10, and I decided to hold it for the long term. It eventually pumped to $60 during altcoin season, but the last time I checked, its price had fallen to just $0.50.Therefore, it is mostly luck that determines whether a project that brings huge profits during its short period of success can survive for a long time. For someone to enjoy altcoin investing, it is often better to hold for the short term rather than the long term.

There have been many examples in the market where a particular altcoin was pumped many times over. Even during the current bear market, some altcoins exhibited high volatility and were pumped by a x100 or more. Could an ordinary trader have profited from this? Of course, but I wouldn’t say that alts are the easiest way to make huge profits, since whales and market manipulators are always one step ahead.

[JamesDaniel90]

Another week has gone by and another week closer to the bear market bottom. It is going very fast this year, hopefully just a few more months till we bottom and can then start going up again next few years.

I am currently buying some but not much, waiting for the bear market low next few months to buy most at cheap prices as it feels too soon to have bottomed yet.

Portfolio check : -48%

[dwyane36]

Another week has gone by and another week closer to the bear market bottom. It is going very fast this year, hopefully just a few more months till we bottom and can then start going up again next few years.

I am currently buying some but not much, waiting for the bear market low next few months to buy most at cheap prices as it feels too soon to have bottomed yet.

Portfolio check : -48%

It would seem that more than 8 months have passed since the bear market began, and the bears should have lost some of their momentum by now, but that’s not the case. They remain quite strong, and there is still a possibility that the BTC price could drop significantly below current levels. The bottom is clearly not at current levels, and there is no guarantee that it will be in the $50-60k range.

[JamesDaniel90]

Another week has gone by and another week closer to the bear market bottom. It is going very fast this year, hopefully just a few more months till we bottom and can then start going up again next few years.

I am currently buying some but not much, waiting for the bear market low next few months to buy most at cheap prices as it feels too soon to have bottomed yet.

Portfolio check : -48%

It would seem that more than 8 months have passed since the bear market began, and the bears should have lost some of their momentum by now, but that’s not the case. They remain quite strong, and there is still a possibility that the BTC price could drop significantly below current levels. The bottom is clearly not at current levels, and there is no guarantee that it will be in the $50-60k range.

Yes , it is possible we go below $50k at some point over the next few months but if we do it will be great buying opportunity as Bitcoin will likely hit $200k in a few years.

[asriloni]

Another week has gone by and another week closer to the bear market bottom. It is going very fast this year, hopefully just a few more months till we bottom and can then start going up again next few years.

I am currently buying some but not much, waiting for the bear market low next few months to buy most at cheap prices as it feels too soon to have bottomed yet.

Portfolio check : -48%

Just be patience mate. I think Bitcoin will go to even lower than this time. It's most probably 44k - 52k range is my target. So we will have another discount to buy at the bottom.

Bitcoin is bring driven down by Saylor. So there is a possibility for Saylor to sell his BTC to raise cash to pay the dividend. Once it's happening, bitcoin is likely going down even further.

I only hope alts will follow it as well. So i can get massive discount to buy bluechip at bottom with the purpose to hold it for several years.

[JamesDaniel90]

Another week has gone by and another week closer to the bear market bottom. It is going very fast this year, hopefully just a few more months till we bottom and can then start going up again next few years.

I am currently buying some but not much, waiting for the bear market low next few months to buy most at cheap prices as it feels too soon to have bottomed yet.

Portfolio check : -48%

Just be patience mate. I think Bitcoin will go to even lower than this time. It's most probably 44k - 52k range is my target. So we will have another discount to buy at the bottom.

Bitcoin is bring driven down by Saylor. So there is a possibility for Saylor to sell his BTC to raise cash to pay the dividend. Once it's happening, bitcoin is likely going down even further.

I only hope alts will follow it as well. So i can get massive discount to buy bluechip at bottom with the purpose to hold it for several years.

Yeah exactly. I've just had a notification pop up on my phone saying Bitcoin has just fell below $59k for first time in 2 years.

Id be very surprised if its not below $50k by end of July. When it does go below $50k, there will be nice discounts for top quality alts.