Post
Topic
Board Altcoin Discussion
Re: Is this a bad time for altcoins?
by
no-ice-please
on 24/06/2021, 12:30:47 UTC
yes, we have to accept the current conditions, the market turned red and the majority of the coins fell. could there still be a benefit in the current state, for someone who still has money in stock, maybe they use this kind of situation to buy, and expect the market to go back up. but for the people who are already trapped, maybe they can just shut up and endure. It is also possible that they will sell their coins, because they are still afraid the market will fall even deeper.
Those who sell their coins for fear that the market will fall even further are people who do not have extra patience, because if they sell them now, they will automatically lose because they bought at a higher price.

usually amateur traders who always take the wrong action for fear that the market price will fall deeper, but if their coin is a potential altcoin they should be able to wait for the right time to come back even though it takes a not so short time

In some cases a real cut is necessary and you need to get rid of a coin if it turns out that it is just not gonna work. May be hard from time to time to swallow a loss, but it is better to get along with say losing half your money than to lose it all because you are betting on the wrong hope that the coin will make comeback.