Quote from: yhiaali3 on Today at 09:53:26 AM

Quote from: DabsPoorVersion on Today at 09:18:08 AM

Do you mind being specific, as you have said, you made good profit at the beginning, does it crash the altcoin you have bought or you have made a mistake of not taking a profit? If it does, then it is a personal judgement that becomes the reason for your losses.

I don't say that I do not trust bitcoin, but what you have said can also happen to Bitcoin. It can crash in a blink of an eye, many have experience that, the price suddenly drop at an unexpected price, though Bitcoin will surely be able to recover and the its price still grow over time. Bitcoin is indeed strong compared to altcoins, we just have to put our trust on it.

Yes, this is it. Some of the Altcoins that I invested in collapsed after witnessing significant growth, and some of them I made the mistake of not taking profits when they reached the top because I expected them to rise more than that.

Other times, I made big profits from the rise of the coin, but after its price fell, I bought large quantities in the hope that it would rise again, but it continued to fall and I had to exit with a loss in the end.

Of course, you can say that this is because of my personal mistake and that Bitcoin is the same thing, but at least if the price of Bitcoin falls significantly, you can hold in the long run and you will emerge profitable in the end.

Then maybe you have realized the mistake you did. One very important thing to know about altcoin is to not be loyal with any of altcoins. If you made a profit out of one altcoin, anything specific, don't focus on it, don't buy it again for some time. Why? Because we have what we called a cycle that once they reach a new ath, surely reversal will come. Even after of its crash, there will be an accumulation stage with the possibility of going down or up. You should always wait for that opportunity.

It's all about the timing, but then again, if you have difficulty of looking for altcoins, Bitcoin is the best choice and to put your trust with. No more questions with holding it.