Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Master107 on June 16, 2021, 07:06:16 PM
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Highly respected everyone of you who hold tightly your favorite altcoins. Me too has a favorite altcoins but I'm not worried everytime there's a correction, bearish, or fud. Even in some cases bought at higher price. Unexpectedly in a short while the price declined. I still hold.
I'm just concern about some of our fellows here in crypto experiencing unwanted scenario such as correction or the market fluctuate deeper and they panic.
Do not put your heart into your crypto holdings. It may cause you a depression or serious mental illness. As long as you have the tokens you aren't in lose. It just happened the price dump.
Always consider to invest what you can afford to lose.
Bear in mind you invest because you want some profit and not to become quickly rich. Avoid the so much greedy mindset. (Maybe in some time during bullish greediness is applicable but watch out not to come up in regrets).
Crypto is like a roller-coaster. High now, down later. Prepare your mentality and your emotions.
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Highly respected everyone of you who hold tightly your favorite altcoins. Me too has a favorite altcoins but I'm not worried everytime there's a correction, bearish, or fud. Even in some cases bought at higher price. Unexpectedly in a short while the price declined. I still hold.
I'm just concern about some of our fellows here in crypto experiencing unwanted scenario such as correction or the market fluctuate deeper and they panic.
Do not put your heart into your crypto holdings. It may cause you a depression or serious mental illness. As long as you have the tokens you aren't in lose. It just happened the price dump.
Always consider to invest what you can afford to lose.
Bear in mind you invest because you want some profit and not to become quickly rich. Avoid the so much greedy mindset. (Maybe in some time during bullish greediness is applicable but watch out not to come up in regrets).
Crypto is like a roller-coaster. High now, down later. Prepare your mentality and your emotions.
It's a long history that you wanted to understand ourselves . But the point you explain I make a summary which is more easy to catch everyone. The price of altcoins sometimes very high and sometimes very low that is why you don't understand when is the best time to sell altcoins . Whereas ups and downs always happens in cryptocurrency so not too much time with altcoins just chill and relax . And the other options invest high profile coins and wait to sell better profit from it .
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This is a really good post and i also agree with you. Some people are here just to earn money at any way and they want to do iot fast. But they are not considering how much potential the project has ion the future. They need to understand that panic selling is a bad habit and try to stay away from it.
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So it is, you get attached to some altcoins, that sometimes you even contradict yourself, probably you should not be so naive and do not expect much from altcoins, but just fix the profit, sometimes the confidence in altcoins is so great that you forget about everything.
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Though you are right, but that does not mean we should discard it, because is one of the coin that amper the monopoly of bitcoin, so one still need to consider it.
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It is always good to sell your alts at their peak, I.e when they reach ath for the first time because if you miss that opportunity it may be difficult to get it back especially when the bear market set in.
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Usually I have Altcoins just for me. Take the profit, if by holding the Altcoins I still get a profit then I will keep it but if the Altcoins are no longer profitable then I will just throw it away.
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Much appreciate those words as everyone needs to remember those things. DCA is best any market whether it’s bull or bear market is goining on. So it’s best for us to invest only those funds which we can afford to lose. 8)
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for holders and investors will not worry about price changes that suddenly drop. Excessive emotions will make us rush to make decisions, that's what makes us lose. The crypto market is changing all the time, so you have to be prepared for all the possibilities
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Yes, altcoins are much riskier than Bitcoin. Moreover, if we are holding new altcoins that still have low market cap and trading volume, not the top coins. If we are holding that kind of altcoins, it is better for the short term or trading with a short time in order to get quick profits.
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for holders and investors will not worry about price changes that suddenly drop.
I am sure every holder should worry once they see the massive drop in crypto market lately. Even experienced holders probably have that feeling because it happens suddenly, except for those people who already take profits or sell all their coins. But smart people, don't panic and think the best way to solve the problem. If there is still the possibility for the next pump, a smart one should prefer to hold their coins than selling them. Or do CL and plan to cover the losses by buying at the lowest price during the massive drop. Which one is better, depends on your view.
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Well, investing in many altcoins is too way riskier than ever. We must be smart in choosing which altcoins to invest in. Moreover, if the altcoins are new, they may become shitcoins. SO, if I want to invest, it is better to get the top coins, at least 100.
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So it is, you get attached to some altcoins, that sometimes you even contradict yourself, probably you should not be so naive and do not expect much from altcoins, but just fix the profit, sometimes the confidence in altcoins is so great that you forget about everything.
No worry. Generally speaking majority forget not to worry so much and they should not invest what they cannot afford to lose(more on from newbies). Also posting this kind of topic is not a naive, maybe you are just in different dimension that you forgot this is a community. It means we are here to help, remind and respect not unless you are too selfish and greedy.
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I have been hearing since childhood that rabbits won the tortoise competition even after being so clever and fast. There are some current people on the altcoins platform or new additions as if they are in a bit of a hurry in everything. Thinking of getting something too fast. That is why various problems are being created and some difficulties are being faced by the altcoin platform. In my opinion, it is better to keep a little distance if it is not so connected, it will benefit you and the platform.
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There are always ups and downs in the cryptocurrency market. If you have some wellcoins in the cryptocurrency market. And the cryptocurrency market is dumping. So you hold the welcoins. Don't be discouraged, hold the welcoins and wait patiently. When the market will be pumping again. Then you can make a profit by selling those wellcoins.
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Thats normal in the crypto industry because of its volatile nature, but the abnormal thing is If you tied up with your crypto investment without any consideration crypto is very unstable that's why many are caught unpreferred that's why always remember the saying invest only that you can afford to lose to avoid any untoward psychological problems like depression.
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Absolutely right. That is why we must be able to manage our funds in order to invest in the right options of altcoins. we know that there are numerous altcoins. But those that have great fundamentals and techniques are very rare. That is why it is better to have altcoins no more than 15 so that we can focus on the top coins.
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I had some emotional attachment to some of my tokens, but I had to pull my head outta the sand quick enough and realign my intentions
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I had some emotional attachment to some of my tokens, but I had to pull my head outta the sand quick enough and realign my intentions
Pretty sure your not alone. ;)
It is always possible sometimes we forget our intentions and target specially when there's something going on which unexpected. Realigning is necessary for some good reason.