Don't take big positions in alts at current prices

[whyrqa]

Today is Monday March 1 and Bitcoin and Ethereum are showing a fairly good pace compared to last week and corresponds to 8 and 14% growth. I believe this chance should not be missed as the cryptocurrency market will enter a bullish trend again.

[Delgboke]

We must take risk in life but the risk should also have a limits so that you can be able to manage the tension, many of us has loosed alot of money in cryptocurrency market,for me currently I can't afford to loose such amount of money again looking at the market currently there's alot fear of weather the coins will rise or fall.

[Debasco]

Though to me, taking position in any altcoin is very risky, the severity is just different from one and other, so saying this i felt its normal in any crypto coin, and i go with what you said "big position" should not be taken.

[MrSpasybo]

At the moment I am only interested in the altcoins/bitcoin rate and have noticed that many of them have come down very low while the potential is enormous. I am referring to the strategy of selling bitcoin to buy some really potential altcoins, because if bitcoin reaches $100K, holders can only x2 assets, but if the altcoins/bitcoin rate increases 10 times, they will have profit x20. Traders still believe in the 1:10:100 ratio, that is, bitcoin price increases 10 times, altcoins/bitcoin rate increases 10 times, then altcoin/usd price will increase 100 times.
And I believe this because it can explain the price movement of altcoins/usd properly. I am preparing to sell BTC to buy some more ETH.

[alltalk]

Yes. Make everything clear first to decide something, it is too risky if you decide something now. The current crypto market is in the position to see what is the direction for Bitcoin price in the near future. If it can continue to go up and achieve again $55K, I think the bullish on Bitcoin price to continue again above $60K. It means that the prices of almost all altcoins drop temporarily.

[sampoerna]

I think that taking a position when the market still dips also needs careful consideration. Moreover to ensure whether the coins have chances to rise up again or not. Additionally, it will also depend on what kind of holding we are, holder or trader. if it is for investing or holding, it is okay.

[pelana vreo]

Technical analysts really have to do when making investment decisions, if I look at posts from other groups, we are in the next bullish scenario, where we will see a big correction and the Bitcoin price will then go back up to above $50k.
Right now I'm still holding on to altcoins and waiting when the price really recovers

[nicecrypto]

I think that taking a position when the market still dips also needs careful consideration. Moreover to ensure whether the coins have chances to rise up again or not. Additionally, it will also depend on what kind of holding we are, holder or trader. if it is for investing or holding, it is okay.

Even if you are a HODLer which I consider myself as, I will still sell off my crypto assets once I noticed that the price is high and it is about to or it is going down, I do sell and wait until the price is going back up and I buy in again and hodl until when such I see another opportunity like that to do it again and it has really worked for me though this I don't consider as day trading and i believe you will make more from that than just HODLing through dips and rise.

[Tepona]

Good opinion. it will bring great results for the future even if it is not the alts season now. This means that the coins that are currently in the market will increase at least a little bit if the dominance of Bitcoin increases. So the market situation will be better. I think this is a great idea to buy ADA, Doge, DOt etc. right now.

[gurunanakji777]

I somehow agree with you but I don't think alt season gonna end. Market not always move according to the support and resistance level. Sometimes some news also triggers the market. On the other hand, we have to wait for the market to get stable then decide to trade. We should avoid trading in the falling market. We should not wait if we are getting a good buying opportunity.

[TomPluz]

Two days I converted my Bitcoin and altcoins to USDT thinking that the market will be dipping for more sadly that was the time that the market started to get up to its feet. I now realized that listening to people in forums is a bad habit, and they are also just neophytes in this game, and they are just expressing their own ideas even without basis. Now, I lost the chance to make a good ride of cryptocurrency's comeback and stuck with my money. Funny and sad.

[nadyn]

I think the market is very overheated right now, and if I buy coins then only for a short time. Keep your main asset in stablcoins. And we are waiting for a deep correction to buy coins for long-term storage.

[dragononcrypto]

At the moment I am only interested in the altcoins/bitcoin rate and have noticed that many of them have come down very low while the potential is enormous. I am referring to the strategy of selling bitcoin to buy some really potential altcoins, because if bitcoin reaches $100K, holders can only x2 assets, but if the altcoins/bitcoin rate increases 10 times, they will have profit x20. Traders still believe in the 1:10:100 ratio, that is, bitcoin price increases 10 times, altcoins/bitcoin rate increases 10 times, then altcoin/usd price will increase 100 times.

Couldn't agree more  I've been hearing of many people taking "profits" when their coin has doubled, but instead their 2x usd/fiat gain is usually at the expensive of a 50% bitcoin/ethereum loss. Investors should to be careful, taking losses that you think are profits isn't very smart imo.

I guess if you are still hodling fiat currency that's down 70-80% in the past year (I have no idea why you would be!) then probably everything looks overpriced right now. The reality is it's not, it's your fiat-based shitcoin that's down so much that makes everything look so expensive right now 

It's like if I had all my wealth in XRP right now, everything would look unaffordable at the moment. The problem here is hodling shitcoins, not much else.

And I believe this because it can explain the price movement of altcoins/usd properly. I am preparing to sell BTC to buy some more ETH.

As for selling Bitcoin for Ethereum, did that Dec/Jan, then was selling of eth/btc profits into altcoins after ending up with majority Ether portfolio 
It's true the alts/usd prices rarely make any sense until alts/btc breaks to a new all time high, otherwise it's in a false state of price discovery.
The only use for alts/usd (or alts to any other shitcoin) is being able to buy the ATH breakouts, with amazing bitcoin/ethereum discounts 

[Jaephoenix]

Nice trading advice there, mate. I think you are right. The market is trading sideways for a few days now, and many traders are treading water, waiting for the breakouts on the charts

[Thymoty]

Yes, you are right. I declare altcoins are currently priced unstable and don't buy at our own risk.
In an unstable market situation I prefer to be short term and look for a little profit. Even though my profit was small, I did it many times so that I could cover my losses when I bought yesterday at a higher price

Yes, the current crypto market conditions are very unstable. Most investors only take short-term profits which further exacerbate the conditions of the crypto market.