It seems with the BCH fork, BTC's run up to 5k dollars, now more forks for Bitcoin most Altcoins have been in a downward trend, or certainly the ones I'm holding!?
When will the prices recover back to June highs? I'm hoping there will be a decent upside once BTC stabilises after this fork nonsense.
Although I'm debating whether to convert into BTC and re-buy after, but this could prove risky. It's just with all this new competition from recently launched ICO's and new coins I'm skeptical some of the older coins will reach there previous highs.
What are your thoughts on the Altcoins you're HODLING? Are you selling or accumulating still?
The good thing about expecting volatility towards a down trend now is that, should prices somehow go up, and the unexpected bull ploughs through the 5k mark, all the terribly losing alts I'm holding right now will recover. I'm going to liquidate at least half of my alt positions should they even come to break even, and then hold the rest for 2018/19. I'm just too frazzled now from daily checking and trading and swinging between profit and loss too often.
Accumulating IS a possibility if they drop even more to 50% red.