It's starting to look like we are going to see a huge dump in the coming weeks into 2023, altcoins are in trouble as big venture capitals are selling off their holdings, and another one today is DCG
https://i.imgur.com/riSRcRT.jpegAlmost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months,
I do nothing.
I've got no feelings anymore on these drops that we're seeing because there is nothing we can do to stop it. So, I just let it go, whether it goes up or not, then that's it.
I have halted my buys right now because I believe that BTC will go lower, what are you plans?
Then start buying when you see the lows of it so that you'll be able to accumulate a lot.
Well you could do something if you're really that eager to profit such as moving from one altcoin to another which would be more profitable, just if you'd like to. There are just investors which do not move their asset around and that's just fine. On my end, I tend to move around the cryptospace. The only risk is to make your losses bigger if you'd come across with a worse token. Market downfall is obvious and it is just a matter of trial and errors if you'd do the same thing as mine. Just sharing.
It's starting to look like we are going to see a huge dump in the coming weeks into 2023, altcoins are in trouble as big venture capitals are selling off their holdings, and another one today is DCG
Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?
I don't really looke at my portfolio value anymore at the moment, that is just to depressing for me lul. It as already down like 95% in comparion to it's ATH from back in may 2021, even before all that stuff with Terra, FTX and now Binance happened and now it is even way lower than that. I will just keep hodling my altcoins because it would just feel wrong to sell them now after i have held them for so long all the way down. To sell now would mean i would realize those losses or to throw away that potential profits.
I am pretty relaxed though as i only have small amounts into crypto and that is only money that i can afford to lose without any impact on my daily life.
That's the best you can do. Selling at a 95% loss isn't worth it given that you will only receive a pinch of your investment. I have the same scenario during the 2018 bear market but I had sold my assets that time even I know it isn't worth it, The result is I regretted my decision and decided to just don't touch any coins that has lost 90% of value over the buying price. That's a good way of managing your funds. As long as you have money for survival, you won't be force to sell at a loss. I learned it the hard way.
I agree. On such cases, it would be better to just be firm with your investment. Unless there are no chances for a recovery (you decide). There are 'dead tokens' in this industry which does not move even during bullish trend. If you have this kind of investment, it would be better to choose liquidation to free your mind from it. But if you could just set the amount aside, you may just also keep it as some sort of additional asset.
