I still have some alt coins but sold my btc and eth again expecting a drop. Alts are doing better right now imo. Btc is having a weak turnaround but might just forming the shoulder is my worry.
I also think that the smaller coins are doing better now. And that there seems to be a bearish (probably head and shoulders forming right now, but the way it looks like, the second shoulder is far from forming - if you check the charts, the lows don't match the earlier shoulder's delimitating lows... otherwise said, what we are seeing now is not the second shoulder and if a second shoulder will form, then it will have to form from zero later on). Just out of curiosity, which al coins are you watching? Which do you think have upward potential (or, are doing better now than BTC and ETC)?
I have Terra Luna, Polygon, Decentraland, Algorand and Cosmos and they all got a beat down today like the rest did haha. Being newer alts and much cheaper the dips dont bother me near as much as long as the trend is UP.
Digital Artisan Well , where yours coins are flowing out. Heard of them b4? Just like never ending Tim Tam....
I freely admit that my crypto holdings are pure speculation bordering on outright gambling with a side of "well if I have to escape prison Australia at least I'll have my crypto" but that's an even bigger flight of fancy.
The big question everyone can ask themselves if this "dippity dippity dip" goes really deep: will cryptos recover or is this the "great wipe that flushes cryptos down the toilet FOREVA' "
Years ago I was reading a story from an investor. Long story short he'd forgotten about some shares he thought he had sold and were held with a broker he no longer dealt with. When he remembered they were worth an absolute fortune. The investor said that it was his best trade ever and was pure luck. Maybe my Crypto will be like that? SHIB is worth $100? Dang, what's my password?!
I ditched all my crypto except a handful. Yeah I took a haircut. Yes I learned a lesson. GOLD & SILVER FTW edit to add I'm just going to keep my wealth accumulation to a simple plan.
I folded some alt coins into BTC and ETH last night. Should have held stable coins and waited but oh well.
Keep the faith lads! Don't let the doomsayers and current prices dislodge you from your long-term crypto positions. Goldman Sucks is saying that Bitcoin will be $100k plus in 5 years' time, giving you a compound annualized return of 17-18%! Better than money in the bank that's for sure, and better than what us poor gold bugs can expect in price appreciation as well. The only problem with that prediction is that it will require an additional 200-300% extra participants to enter the Crypto Ponzi scheme. And I am not sure that there are enough gullible mugs left on the planet to go around. The dirt poor people in the Central American banana republics or the desperate people of Turkey are not going to catapult cryptos to new price highs as some on here think.
I’m holding my alts, BTC and ETH may be losing market share. When the initial bounce comes ie when this tapering noise passes I’m thinking the altmarket will bounce bigger than the 2 majors.
