I sold all my altcoins, and here’s why

Crytononame

Crytononame

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No matter how “promising” altcoins might look, they all dance to Bitcoin’s tune. If BTC takes a nosedive into crypto winter, altcoins will tank by 90%. And honestly, I’m not willing to wait five years just to break even.

Here are 4 reasons why I decided to dump my altcoin portfolio:

  1. Bitcoin failed to hit $100K even when the Fear & Greed Index was at 94. If it couldn’t break that milestone in such a bullish environment, it’s a red flag for a major market correction.
  2. Crypto winters always follow halvings, usually about 9 months later. Right now, it feels like the perfect time to sell while the market is still riding high.
  3. The “Trump factor.” Sure, he promised to make crypto “great,” but let’s be real—crypto thrives best when governments stay out of the way, not when they try to get involved.
  4. ASIC chips are hitting their physical limits.

    Let me explain this one. Over the past 8 years, ASIC miners shrank from 64nm to 5nm, fueling insane growth in Bitcoin’s hash rate. But in 2024, we’re reaching a point where increasing computational power will be minimal. This directly impacts Bitcoin’s security and growth potential. And with Proof-of-Work blockchains, one golden rule always holds: no network growth, no new all-time highs.
2024-11-30_083923.jpg
 
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I think it's wrong, but time will tell.

So far, I think everyone knows that crypto is mostly hype play, and the hype is not yet out.
Bitcoin failed to hit 100k for now, but it will reach it surely.

But I think for safe guard, it might be good to sell before January 20th.

But up until then there is still a lot of opportunities in alt coins.

(Let's see how it will unroll, I will come back here at January 20th). heheh. :D
 
I also sold everything. The crypto and stock market bubble is clearly visible. He should deflate, it would be ideal for the Democrats to blame Trump and the Republicans for this.
 
The result will be out before january. December had always been very good for crypto. I would expect the final movement in janauary. If there is major correction, I would expect near market for at least 2 years.
 
If your altcoins have significantly increased in value, you might want to realize those gains instead of risking it
 
You took the wrong decision, you literally sold before the bull-run. It's expected to see an altcoin season in the coming months, what we are seeing now is just a good moment since people are optimistic and altseason is just starting. Far away from ending.

Major correction? Most altcoins are just recovering their losses from previous years. It's not like we are reaching ATHs in every single coin. It wasn't even expected to see BTC reaching such numbers this year, if we dreamed about reaching $100k in 2024, it was a positive scenario, since it was expected to see it just in next year. Now, in 2025 we can already expect $150k, not just $100k.

Crypto winter? Where were you during the last nine months? We've just left a crypto winter, altcoins were down since March-April 2024, or do you think they will perpetually remain in red number? Now that you are seeing some green numbers and recovering process, you sold.

Don't tag me here saying I was wrong after a minor correction, that's normal...I want to see next year when BTC and altcoins reach new ATHs, which is completely expectable, or do you think BlackRock and other big players invested shitload of money to get this 30% pump and go away?

Well, now it's too late, you have already sold, there is not much to keep saying.
 
Venusaur said:
People on BHW are very smart to talk about SEO, but about crypto...90% are generic comments saying it's gambling or ''nobody knows what will happens'', ''anything can happens'', seems a bunch of bots without opinion
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Respectfully,

BHW is my indicator for cycle top, once the forum is majority BULLISH.

Time to sell
 
so did you hold coins for months or years to just sell in the first pump? lmao, alt season didn't even start yet and weak hands are already selling in panic, you were traumatized by months of red market, I can feel your pain
 
Sol said:
Respectfully,

BHW is my indicator for cycle top, once the forum is majority BULLISH.

Time to sell
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I don't think so, most people here are bearish as hell, always making this kind of post, a couple months ago people were saying that BTC would go back to $25k, it went the opposite direction

@splishsplash are you selling all your positions now or in 2025?
 
Sol said:
Respectfully,

BHW is my indicator for cycle top, once the forum is majority BULLISH.

Time to sell
Click to expand...
Hasn't he already become bullish? Or does everyone think that it will collapse after the growth of altcoins because it happened like that before?
 
I think you created too much expectation around this $100k goal to be broken this year. But a few months ago, nobody was expecting it to be done this year. Instead of recognizing it, you understood it as a bearish signal and a red flag, I don't agree with it at all, but it's sold and done, I hope you made some money.
 
Venusaur said:
I don't think so, most people here are bearish as hell, always making this kind of post, a couple months ago people were saying that BTC would go back to $25k, it went the opposite direction

@splishsplash are you selling all your positions now or in 2025?
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SocksFive said:
Hasn't he already become bullish? Or does everyone think that it will collapse after the growth of altcoins because it happened like that before?
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Blackhatworld is mainly bearish/skeptical because the audience here are mainly interested in web2 stuff.

In Bull markets everyone tends to become expert crypto traders and the loudest voices reap the most attention.

Once this tendency comes to BHW and the site flips bullish I will be selling :D
 
Sol said:
Blackhatworld is mainly bearish/skeptical because the audience here are mainly interested in web2 stuff.

In Bull markets everyone tends to become expert crypto traders and the loudest voices reap the most attention.

Once this tendency comes to BHW and the site flips bullish I will be selling :D
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You are right, I thought you were selling now, lmao, I'm authistic, sorry

Makes sense, people are still bearish here, I want to see this phenomenon, never saw this forum bullish, everyone is always saying ''anything can happen'' or BTC will go down to $20k
 
Venusaur said:
You are right, I thought you were selling now, lmao, I'm authistic, sorry

Makes sense, people are still bearish here, I want to see this phenomenon, never saw this forum bullish, everyone is always saying ''anything can happen'' or BTC will go down to $20k
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Take a look at some of the threads during 2021 when you get the time.

Some funny af content back then
 
The technicals on the lower timeframe BTC charts show that it is a time of when it breaks through $100k, not if.

Fundamentals are there too with a pro-crypto incoming administration, corporations and countries start to including BTC on their balance sheets.

Unless a major negative event happens, like Bybit blowing up or a nuke detonating, BTC will be crossing $100k, there is literally nothing bearish in the horizon.

And when it does, there will be a cascade of liquidations of short positions betting the opposite direction that will be sending the price exponentially higher than $100k in a very short time.

Wait and watch.
 
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