Quote from: Victorycoin on November 06, 2017, 05:26:53 PM

Quote from: jacee on October 28, 2017, 05:02:58 AM

Quote from: sakkosekk on October 27, 2017, 11:37:43 PM

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

Selling while it's red is a bad move. I mostly do that before but now, instead of looking at the market dropping, I drop my phone and go out to relive the stress of seeing my portfolio drop. Recently I have sold half my coins at half of the price it currently is now because of loosing temper and because I thought it will keep droping but I was wrong. It's best to keep coins and hodl them for longterm if you want profit.

If most of the coins are in red, then there must be a very strong fundamental behind that and the best step to take is to first ascertain and analyse the news/event behind it, to effectively evaluate one's options. Just like now, almost all altcoins are down and that's because holding Bitcoin in wait for the November 16th hard fork translates to free money and people are out to grab as much as possible. At that, it should be obvious that the prices of altcoins would rally again soon after the Bitcoin hard fork and selling off now at their low prices would mean a huge mistake.

Right. Usually all altcoins dont usually fall on red unless something crazy is happening to bitcoin either positively or negatively. However, reds are the moments when you wait for more of it and buy even more at a certain point for profit because, no matter what they will be stepping back up.

Also, for anyone holding an altcoin right now since before the first fork apparently should not even bother trying to sell, because that is already a huge loss. The best I would even advice is to find some funds to buy now at their dips and then capitalize on the profit from that which would compensate a lot at the end for the little losses before the previous ones grow back to that stage.