Post
Topic
Board Altcoin Discussion
Re: Alts are Bleeding What To Do?
by
MrJake
on 10/02/2018, 20:32:40 UTC
Currently the cryptocurrency market is going through a big correction (especially to those who have recently joined). We are seeing coins lose 30-50% of its value in a few days and everyone is panicking. These are the times that will define who will succeed in this market and who will fail. You have to keep your emotions in check and be confident that once you have done proper research in the coins you have invested in they will go up when the market rebounds. Corrections are inevitable and is needed for the overall market to grow. So if you are feeling overwhelmed by the drastic decline in your portfolios just take a few days off and enjoy some sunshine. If you want to be aggressive throw some more fiat into the game and take advantage of the low prices.
This is a good opportunity to actually buy a coin. Well most of the  stable coins lost around 5-7% of their prices the only coins that i saw that lost 14-28% were Bitcoin Gold, ICON, NANO, and Populous. Since these coin's prices were down, you could go and do a researh which of these will probably gain the highest may it be for short term or long term.