Re: Altcoins are all down, so how do traders make their earnings?
Hi still a newbie trader here. Just want to know. If All altcoins are down since last few weeks. How do traders maker their earnings during this bitcoin correction / retracement. All my polo coins are bought while Bitcoin is 2900usd in the past few months. Now I am HODLing like forever 
All my coins are in bloody red, I have negative -20% to -30% profit. Please suggest something.
All my coins are in bloody red, I have negative -20% to -30% profit. Please suggest something.When altcoins prices decline, that's the right time to buy obviously, because we know some coins really has potential and will grow up again within months such as monero, zcash, ethereum and gigabyte. What matter is your patience to wait, current dump caused by bitcoin news that will split on August 1st. But we should be sure it will rise again in the next month, so people cash out their funds from altcoins to buy bitcoin right before segwit activated, consider there is testnet of segwit2x on July 21th to see how it get support.
" Then, mining pools, companies and users are expected to begin running the code on the main bitcoin network as soon as July 21."
http://www.coindesk.com/bitcoin-segwit2x-testnet-fork-scaling-proposal/