Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Smcchamp on July 15, 2024, 11:38:21 PM
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It's the second half of the year, and I'm wondering how your portfolio is doing. I came across this Forbes article https://www.forbes.com/sites/dereksaul/2024/07/04/these-meme-coins-outperformed-bitcoin-in-2024-first-halfs-600-billion-crypto-rally/detailing the top-performing altcoins in the first quarter. Did any coin in your portfolio make it to the list? Also, what coins are you looking to add to your portfolio moving forward?
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One coin from my holdings has gained 4x return for me. When it reached 4x value then I sold 75% of my holdings and those were some really good profits. Currently, I'm holding some good coins and those are performing pretty well for me.
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One coin from my holdings has gained 4x return for me. When it reached 4x value then I sold 75% of my holdings and those were some really good profits. Currently, I'm holding some good coins and those are performing pretty well for me.
Lucky for you mate to have 4x though I have gained lower than yours like half the price but yeah it's not that but since gain is gain but I haven't sold the profit yet I am just waiting for it to blow up. Unfortunately for me Bitcoin was the only best coin I had and the rest are shitcoins. I got Solana memecoins byt only two of them has gains.
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The market in this period is not predictable as we need to intensify on how we predict for its performance since many of the coins are all going after the performance of bitcoin being the lead to all other cryptos, this mid year crypto market performance is getting more exciting as well because of how it is performing seen it going bullish recently as it now at $64,000 earlier today which could get close to $70,000 before the month ends.
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One coin from my holdings has gained 4x return for me. When it reached 4x value then I sold 75% of my holdings and those were some really good profits. Currently, I'm holding some good coins and those are performing pretty well for me.
You should be dropping your calls ahaha.. which are you holding at the moment. For me, asides memes like Pepe, wif, I hold ton, sol, near & $BGB (Which was included in the Forbes list) did around 100% since Jan. I'm hoping the next half would be better though..
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The market in this period is not predictable as we need to intensify on how we predict for its performance since many of the coins are all going after the performance of bitcoin being the lead to all other cryptos, this mid year crypto market performance is getting more exciting as well because of how it is performing seen it going bullish recently as it now at $64,000 earlier today which could get close to $70,000 before the month ends.
What if this is a fakeout? I've left the market cos the price action is shitty.
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You should be dropping your calls ahaha.. which are you holding at the moment. For me, asides memes like Pepe, wif, I hold ton, sol, near & $BGB (Which was included in the Forbes list) did around 100% since Jan. I'm hoping the next half would be better though..
I'm not going to share exactly which coins I hold or which one gave me 4x returns but surely I would say that I'm in Ton and Sol as both of those are good coins I believe.
I've made some profits from Wif in past and I believe it's a good one as well but I'm not holding it anymore as I sold my holdings for 30% profit if I remember correctly.
I don't really follow Forbes list as that's not necessary for me, I do my own research and only invest in coins that I find good.
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There may be an error in the article link because it shows the home page and the correct link is:
https://www.forbes.com/sites/dereksaul/2024/07/04/these-meme-coins-outperformed-bitcoin-in-2024-first-halfs-600-billion-crypto-rally/
In any case, the list is not surprising, as expected, the most outperforming meme currencies that achieved the most growth are Dogwifhat, Pepe, Floki, Toncoin, and Shiba Inus.
These memecoins have become very popular, but it is surprising that “Dogwifhat” achieved the largest growth of 1,306%, and the market value is 2.1 billion dollars!!!.
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There may be an error in the article link because it shows the home page and the correct link is:
https://www.forbes.com/sites/dereksaul/2024/07/04/these-meme-coins-outperformed-bitcoin-in-2024-first-halfs-600-billion-crypto-rally/
In any case, the list is not surprising, as expected, the most outperforming meme currencies that achieved the most growth are Dogwifhat, Pepe, Floki, Toncoin, and Shiba Inus.
These memecoins have become very popular, but it is surprising that “Dogwifhat” achieved the largest growth of 1,306%, and the market value is 2.1 billion dollars!!!.
And that is the very definition of meme coins though, that huge spike in the price and then the market cap going off the charts. But we will have to question whether it's sustainable or not and we all know the answer for that. Lucky for those who really know how to play the game about meme coins and then getting out in time to make profit rinse and repeat. And with that, if there are investors that are going to win, there could be some, specially newbies in the market that are going to suffer a big lost. So it really depends on the risk appetite of the investors if they are willing to join the meme craze and bet to win in the end. For Bitcoin enthusiast, I doubt that they are going after those meme coins.
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Did any coin in your portfolio make it to the list? Also, what coins are you looking to add to your portfolio moving forward?
I sold most of my portfolio even before the small bullrun we experienced before the Bitcoin halving. Right now, I only have a limited BTC and ETH on my wallets though I am trying to add more to this as I am sure that there can really be a big bullrun coming...this is a question of WHEN and not of IF. Right now, I am also looking at SOL and TON as they got some big potential for more growth ahead. The market is getting excited as we are entering past the German Effect and the MtGox Factor by next month. Recovery is coming soon we just have to hold on and wait for it.
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Earlier in the year when the market were green and Bitcon was pumping I had sold my meme coin stash at that time. A few months back I again invested in a few existing meme coins and now I am holding them on to get some good returns. To me the only narrative apart from Bitcoin that is ruling the market is meme coins.
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The market in this period is not predictable as we need to intensify on how we predict for its performance since many of the coins are all going after the performance of bitcoin being the lead to all other cryptos, this mid year crypto market performance is getting more exciting as well because of how it is performing seen it going bullish recently as it now at $64,000 earlier today which could get close to $70,000 before the month ends.
The market is always unpredictable and the most unpredictable time is when the price is at consolidation phase. But we can still analyze the market what will happened next but not 100%. I forecast Bitcoin before that the price would draw a liquidity below $56k, and many don't believe because the price is too far from the area, but at the end of the day it happened. So for me, there are many scenario what will be the price of Bitcoin in the next days, it could be pull back to send the price lower than $54k or the price will create another ATH.
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It's the second half of the year, and I'm wondering how your portfolio is doing. I came across this Forbes article https://www.forbes.com/sites/dereksaul/2024/07/04/these-meme-coins-outperformed-bitcoin-in-2024-first-halfs-600-billion-crypto-rally/detailing the top-performing altcoins in the first quarter. Did any coin in your portfolio make it to the list? Also, what coins are you looking to add to your portfolio moving forward?
I don't invest in meme coins but prefer not to but love to learn more about how they really work besides the ones that are managed by scammers. I had some altcoins like, Matic, avax, near, c98, etc. I am making a loss in all of them right now. Unfortunately, I bought Near low and sold with a lesser profit while it made it to $7. I regret on selling earlier, and I made some profit from AVAX and ate it, and left the amount I spent on it at the start, after taking out the profit. And now it's making me loss due to a downtrend.
Waiting for the altcoin season, I hope I will make some money. I am not investing in alts now, because I lack some knowledge at the moment, but I prefer to hold NOT and TON, SOL, ETH and BNB maybe because they can give us some good profit but with BNB we should not expect more like it can't even give 2x.
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Re: Mid-Year Crypto Check-In: How’s Your Portfolio Performing?
I just looked at my portfolio yesterday, and I'm down at least 40-50% on most of the altcoins that I'm holding. Bitcoin and SUI are the ones that I'm up currently (not that much on SUI, but I'm x2 with Bitcoin still since I'm a long-term holder of it).
I believe most of us are experiencing the same as what I'm experiencing unless you just bought altcoins when it went down massively a few months ago. If you bought earlier than that then most probably, you're at a loss. Anyway, as for the meme coins, that's the first category that's off on my list. I will not invest on it, nor hold for long term. Maybe I'll buy some and hold it for days then sell when I gained profit already.
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Comparing your return to the overall market is a better measure. If your total portfolio is up 20% for the year and the overall market is only up 15%, you have done very well. Or if your portfolio is down 10% and the overall market is down 15%, you have done well.
https://brokercomplaintalert.com/
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One coin from my holdings has gained 4x return for me. When it reached 4x value then I sold 75% of my holdings and those were some really good profits. Currently, I'm holding some good coins and those are performing pretty well for me.
Good enough as long as the target you need is only 4x and save 25% for the next raise.
I also have some altcoins that are up 2x to 6x now, but some I hold on for the long term, but of course taking some profits for repurchases it needs to be done when the market is as good as it is right now.
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Good enough as long as the target you need is only 4x and save 25% for the next raise.
I also have some altcoins that are up 2x to 6x now, but some I hold on for the long term, but of course taking some profits for repurchases it needs to be done when the market is as good as it is right now.
Yes, I believe it's important to take profits from time to time because it's crypto market and we all know that crypto market is very unpredictable at times. I take no risk that's why I sell when I'm in profit and wait patiently to see some dips to accumulate some coins again.
The dips will continue as that's the nature of the market that's why I hold my coins and sell when I'm in profit and re buy when I see those coins at cheap rates.
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I think my portfolio did not do too badly. I made some profit of some Initial Dex Offerings hosted by Pancakeswap. The name of the token cakepie. I did not buy much but the profit was about 1500 usd. Then I got some profitable airdrop from Omni and Gaimin. Fetched me about 5k usd. Then the dump started and I lost much of my worth. But i have recovered some.
Not a bad year
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One coin from my holdings has gained 4x return for me. When it reached 4x value then I sold 75% of my holdings and those were some really good profits. Currently, I'm holding some good coins and those are performing pretty well for me.
Good enough as long as the target you need is only 4x and save 25% for the next raise.
I also have some altcoins that are up 2x to 6x now, but some I hold on for the long term, but of course taking some profits for repurchases it needs to be done when the market is as good as it is right now.
Not that much but still my portfolio is on the + side with my altcoins. But yeah, as long as we are here for the bigger picture, we will all be good and if we play our cards very well, maybe others might sell some and re-invest on some meme coins.
But we need to be very cautious if we deal with meme coins, we need to have that experience to make a good enough profits and understand when we should get out and then never look back and regret our decisions.
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I no longer have my own crypto asset due to emergency which I really need but I am planning to hold once I have paid all my debt. Since I don't have any asset as of now so I won't be able to know if I earned a profit or on a loss side. About what to invest is that I only choose altcoins and coins that are on top leaderboard instead of investing to an altcoins or coins that aren't on top leaderboard or even a new project which it is a much bigger risk although both is risky in its own way.
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And that is the very definition of meme coins though, that huge spike in the price and then the market cap going off the charts. But we will have to question whether it's sustainable or not and we all know the answer for that. Lucky for those who really know how to play the game about meme coins and then getting out in time to make profit rinse and repeat. And with that, if there are investors that are going to win, there could be some, specially newbies in the market that are going to suffer a big lost. So it really depends on the risk appetite of the investors if they are willing to join the meme craze and bet to win in the end. For Bitcoin enthusiast, I doubt that they are going after those meme coins.
Unfortunately, this is a fact. No one wins unless there is a loser on the other side, and most of them are, as you mentioned, beginners in the market who do not know the correct times to enter and exit and thus receive the biggest losses.
Greed is always the reason behind running after meme coins. Beginners think that they can get rich quickly just by buying these currencies, and in the end they are the victim.
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Over the past year, or more precisely when the price of BTC remained in the range of $27k-$30k... I started to accumulate some BTC... and until now it is certain that I have a profit from the DCA that I did... so do I I could sell my BTC right now, but my selling target increased after knowing that the halving had just happened.. that made me a little more confident that BTC was able to rise even higher..
In conclusion... BTC has been profitable for me to date... so the performance of my asset is enough to make me happier than before.
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But we need to be very cautious if we deal with meme coins, we need to have that experience to make a good enough profits and understand when we should get out and then never look back and regret our decisions.
It is not recommended to enter meme coins if you only want to follow the trend, it is better to enter coins that are already recommended and have a quick recovery. There are many examples of memecoins that were initially hyped and are now worthless.
But some memecoins are also quite good such as DOGE, SHIBA, PEPE but it is not uncommon for these memecoins to also fall due to the unstable price of bitcoin.
Having an 80% Bitcoin Portfolio is a good way to go for the long term, and ETH can also be an option because of its movement that follows bitcoin.
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But we need to be very cautious if we deal with meme coins, we need to have that experience to make a good enough profits and understand when we should get out and then never look back and regret our decisions.
It is not recommended to enter meme coins if you only want to follow the trend, it is better to enter coins that are already recommended and have a quick recovery. There are many examples of memecoins that were initially hyped and are now worthless.
But some memecoins are also quite good such as DOGE, SHIBA, PEPE but it is not uncommon for these memecoins to also fall due to the unstable price of bitcoin.
Having an 80% Bitcoin Portfolio is a good way to go for the long term, and ETH can also be an option because of its movement that follows bitcoin.
Meme coin is indeed very dangerous, but so far, if we want to make a large profit quickly, we have to be brave enough to face these risks. The most terrible thing is that even when we dare to face the risks, we still have no guarantee of making a profit. Even though we use Doge, Shiba, Pepe, none of them can provide definite profits. So we have to be careful when using the money we have to trade in meme coins.
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Meme coin is indeed very dangerous, but so far, if we want to make a large profit quickly, we have to be brave enough to face these risks. The most terrible thing is that even when we dare to face the risks, we still have no guarantee of making a profit. Even though we use Doge, Shiba, Pepe, none of them can provide definite profits. So we have to be careful when using the money we have to trade in meme coins.
Of course, there must be risk management and funds to enter memecoins because the risks are enormous.
don't use all your money and only use a portion of it to get into memecoins.
Maybe a memecoin can provide a profit of thousands of percent in an instant, but it will also be the other way around, there will be a big loss when the memecoin is no longer hype. It is necessary to be very careful and make sure you have the right coins