Quote from: JamesDaniel90 on Today at 08:07:56 AM

Quote from: Charles-Tim on Today at 07:20:16 AM

Just be careful with altcoins because as some fall, they may not get back to the price you bought them, the only coins that I know you can buy but its price fall and later increase back is bitcoin. Also the way altcoins are falling, it can really be frustrating. As you think some has falling to 75%, it is possible they can still fall more. People buy them, dump them and move to another altcoin and so on. The most frustrating thing about altcoins is that they are not getting to all-time high, which means they are not store of value.

Yeah it’s been a lesson learned for me, it’s my first cycle and I thought Bitcoin was too expensive when I got in around $40k so mainly went with altcoins not knowing how the cycles work, with Bitcoin moving first before altcoins etc.

At least you learn your lessons, and most of us did go to that hard pain of thinking that it's expensive and yet during the peak of the bull run, you can still make a lot of money if you only bought it at a lower price.

Quote from: JamesDaniel90 on Today at 08:07:56 AM

But saying that, whilst Bitcoin has pumped almost 200% since I first started , I’ve had a few altcoin winners over 1000% which is why I’m still in the green overall but most of mine are down 30% or more, some as much as 75% and those ones I am just hoping they recover the the price I bought in so I can then move them into Safer altcoin plays.

I’m expecting an average summer, either sideways or down but hoping we can have some good news with rate cuts by August to then hopefully give us a good last 3 or 4 months of the year.

That's another thing right now, it seems that the cycle of altcoin has change or altered already. Before it used to be Bitcoin-> followed by pump by a lot of altcoins. Now, it's totally different, most of the top altcoins are way below their previous all time high at -60% or even higher.

So it just shows that the money is still with Bitcoin right now so you have to make your choice.