A strategy for "surviving" in times of crisis - page 2.

Erza

legendary

Activity: 1078

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Quote from: Caladonian on February 12, 2018, 08:38:04 AM

Quote from: dado7 on February 07, 2018, 09:51:29 AM

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

This kinds of mindset is really helpful to avoid wrong actions when crisis happens with your investment, I like the way you bring the ideas that you 'should
just need to be more patience and just cool it up even in the time of some downfall, better to stay with your family and relax for a while go back when you feel that something is already been accomplished.

This only thing that you need to bear in your mind and I believe this is only works for a while and this is only effective if you have small bankroll and then you can really put that aside. But when you put really large amount on it, I do not think that you even have time to take your family or even gather with them. This is just some distraction that you can think of. Somehow it is like gambling addicted, I do not called it is strategy, this is just some normal mindset that you need to do in emergency

Sir Cross

full member

Activity: 336

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Quote from: Mrs Troll on February 09, 2018, 06:23:11 PM

I will tell you secret strategy - don't buy any "old" tokens that already been traded on exchange, you need only invest in ICO during crisis. The secret is that new tokens (ICO) is not dropping in crisis period, in most cases only old tokens affected by this. So best practice is to invest in new promising projects with whitelists and sell new tokens right after exchange listing.Don't waste money!

Although that new tokens or ICOs have plenty of potential for the future, there is no guarantee that the token will succeed or even become listed in an exchange in the future. Although it's a common mistake to buy coins which are already popular and has accumulated to a high price, it's safer to buy these coins once they drop especially for those who are just new in the cryptocurrency scene. It's going to be hard to choose worthwhile ICOs because there are so many available, and a number of them may be scams.

zwiggel

sr. member

Activity: 672

Merit: 250

For me to survive in the economic downturn is innovation and reduce personnel. If not innovative, you will be backward. When the economy is in crisis you try to overcome. Reduce personnel, focus the main items to business.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

This doesn't look like a strategy to me at all. It is more like a future story to me Grin

.
My best strategy during the time of crisis would be something like
1) Find out why the prices are dropping.
2) Analyse the charts and predict if the price will drop further.
3) Sell your coins and buy back at a lower price to gain an increase in capital.
4) Enjoy more profit when the price increases
For anybody who finds it tough to do the above should just hold on to what they have. Never panic. Chill out and stay away until the crash is over.

ngacengan

full member

Activity: 504

Merit: 100

Quote from: dado7 on February 07, 2018, 09:51:29 AM

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

the strategy you mentioned is true but sometimes I still get scared when I'm stuck at high prices again, so to overcome it I should just wait for normal kembabli prices by closing the existing market.

Idrisu

sr. member

Activity: 924

Merit: 260

Nice write up and I hope some newbies here are doing what op has recommended especially number 2. Never invest the money you cannot afford to lose and you should be careful not to invest another person money. I have been trading forex for quite some time and I have been taking my profit and capital when I need to used the fund. I also think that I need to make more money in other to improve my financial condition and also to be able to go for vacation with my family.

CryptoBry

sr. member

Activity: 1008

Merit: 355

This is the kind of strategy can be helpful indeed if we also want to enjoy real life while dealing in the ups and downs of cryptocurrency trading and holding. There should be a certain amount set aside to get way from the seemingly mad world of cryptocurrency -- this way we are not easily burned out especially when we are seeing the sea of red tides washing on into our cryptocurrency portfolio. Nice tips.

deliveryblock

newbie

Activity: 18

Merit: 1

Agree!

If you put all your money to invest, it is gambling, not a investment whatever you put your money on it.

iv4n

legendary

Activity: 3346

Merit: 1191

This doesn't have any logic:
1. I invested 100 dollars.
2. OK price is x2 and I pulled out my initial investment of 100 dollars.
3. Extra profit in time when price is rising, but what if price is going down? But let's say price go 3 time higher.
4. Prices for tropical country for whole family is minimum 2000 dollars.
5. To activate my 500 dollars crisis fund, I'm best case that much?!
6. Where we can go with 500 dollars.
7. Come back from holiday and you are in big dept.
8. To repeat what when I returned all the money?

Your strategy will work if you invest thousands of dollars, and who can afford to lose that much? Your strategy doesn't work much if you invested in wrong time! Read about people who bought at 19000 dollars, where are they now, and where is their profit?
Your strategy will work just if circumstances are perfect.
Don't fool yourself that this will work, I don't know what other people comment.

carlfebz2

hero member

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DGbet.fun - Crypto Sportsbook

Quote from: dado7 on February 07, 2018, 09:51:29 AM

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

Always invest on the amount that you can afford to lose which wont really impact you if those funds are lost or gone. This is a number 1 rule for me and must be consider on all investors into this volatile market. We don't know on what would happen next and talking about crisis fund then we should really have that amount for us to make some emergency or last resort moves for us to recover or might able to get out on such big loss. Not a guaranteed but its much better to have this kind of consideration.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: dado7 on February 07, 2018, 09:51:29 AM

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

This kinds of mindset is really helpful to avoid wrong actions when crisis happens with your investment, I like the way you bring the ideas that you 'should
just need to be more patience and just cool it up even in the time of some downfall, better to stay with your family and relax for a while go back when you feel that something is already been accomplished.

Dontme

sr. member

Activity: 798

Merit: 255

Quote from: dado7 on February 07, 2018, 09:51:29 AM

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

It's nice, good advice from you I am approved about your advices especially the traveling yes that's correct in order to forget about crisis you should have vacation, you should travel with your family. Go make gun and enjoy this time with your family. Then after that you will see more improvements about the market maybe there are more possibilities that you will see better improvements.

Trofo

legendary

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Join the world-leading crypto sportsbook NOW!

dado7

full member

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Quote from: justin86 on February 09, 2018, 07:56:50 AM

7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.

Lol How long it takes for market to recover and rise? do you think 3-4 weeks? It might take years, so you probably need all of your funds for this long travel

Actually, so far after small corrections market has been recovering within days, and after large corrections after a month or two.

Quote from: Oceat on February 09, 2018, 06:19:28 PM

Most newbies doesn't really know where to start that's why they tend to invest carelessly without even knowing how to do gain it back. So, there should be a guide for newbie first before applying these strategy and i like these strategy because i have been using it the way i handle my holdings.

Most of those airdrops are shitcoins and it's hard to choose the right one.

Let's say that this is an advanced guide. I would say there are plenty of guides for those just starting in crypto world out there.
True, most are shitcoins, but with experience, you can apply a pretty good filter and gain a lot.

Quote from: Mrs Troll on February 09, 2018, 06:23:11 PM

I will tell you secret strategy - don't buy any "old" tokens that already been traded on exchange, you need only invest in ICO during crisis. The secret is that new tokens (ICO) is not dropping in crisis period, in most cases only old tokens affected by this. So best practice is to invest in new promising projects with whitelists and sell new tokens right after exchange listing.Don't waste money!

Investing in ICO's during the crisis is a very bad advice. Most of them cannot fulfill their goals because the market is retracting so if they don't return your money you can lose it. Also, they have a problem with paying the fees during that time.

Quote from: Beerwizzard on February 09, 2018, 09:27:42 PM

The first point must be applied to all times. You should also note that during the crisis mostly p&d coins are making x2, I've been looking on top gainers on CMC and during the dump that list was full of shit. The point 6 is probably the most usefull one, expecially if you made some fiat reserves at the high pice of BTC. You can also try to lend some of your coins to get a small profit but trading during that time will be toonervous and it won't woworth it.

Point 6 was my punchline. Good advice.

Quote from: carriebee on February 09, 2018, 09:57:28 PM

These strategy lists are very helpful with this invest only the amount that we can afford to lose. This is very important that we should know our total risks when trading coins. Wait for the prices to go high that in a certain amount we can experience to earned. Also, patience is very important to survive in times of crisis that after a lot of hard times you can be successful.

Patience is everything. Unfortunately I don't have it enough.

Quote from: nicolas1979 on February 09, 2018, 09:51:54 PM

I have another strategy and start built from last month. I don't have enough patience and start built new way to get income out from crypto market by using blog for affiliate marketer. For this new activity I should learn hard because has no knowledge, only have passion and little money to start. All of us doesn't like this situation and people have different strategy to face it. By the way I like your post.

Thank you, I wish you good luck.

carriebee

sr. member

Activity: 1148

Merit: 251

These strategy lists are very helpful with this invest only the amount that we can afford to lose. This is very important that we should know our total risks when trading coins. Wait for the prices to go high that in a certain amount we can experience to earned. Also, patience is very important to survive in times of crisis that after a lot of hard times you can be successful.

nicolas1979

sr. member

Activity: 826

Merit: 252

Quote from: dado7 on February 07, 2018, 09:51:29 AM

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

I have another strategy and start built from last month. I don't have enough patience and start built new way to get income out from crypto market by using blog for affiliate marketer. For this new activity I should learn hard because has no knowledge, only have passion and little money to start. All of us doesn't like this situation and people have different strategy to face it. By the way I like your post.

Beerwizzard

full member

Activity: 924

Merit: 148

The first point must be applied to all times. You should also note that during the crisis mostly p&d coins are making x2, I've been looking on top gainers on CMC and during the dump that list was full of shit. The point 6 is probably the most usefull one, expecially if you made some fiat reserves at the high pice of BTC. You can also try to lend some of your coins to get a small profit but trading during that time will be toonervous and it won't woworth it.

Mrs Troll

full member

Activity: 322

Merit: 102

I will tell you secret strategy - don't buy any "old" tokens that already been traded on exchange, you need only invest in ICO during crisis. The secret is that new tokens (ICO) is not dropping in crisis period, in most cases only old tokens affected by this. So best practice is to invest in new promising projects with whitelists and sell new tokens right after exchange listing.Don't waste money!

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: harizen on February 07, 2018, 04:01:23 PM

Quote from: dado7 on February 07, 2018, 09:51:29 AM

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

Just like to point out that for a newbie trying to enter the world of crypto via investing, they should know the risks beforehand so that in case of the dip, they will not be worried and will not need some pointers like that.

Honestly, most newbie just entered because they saw others getting profit. But they didn't realized that it's not all about investing then they will sleep waiting for profits. If they understand the risks they are entering then even with the market bloodbath, still they will not be worried much about their dropping portfolios.

Most newbies doesn't really know where to start that's why they tend to invest carelessly without even knowing how to do gain it back. So, there should be a guide for newbie first before applying these strategy and i like these strategy because i have been using it the way i handle my holdings.

Quote from: ElLoco1994 on February 07, 2018, 04:18:31 PM

"in times of crisis" i search airdrops, it's not much Money, but it's Money

Most of those airdrops are shitcoins and it's hard to choose the right one.

huskyrocker

newbie

Activity: 1

Merit: 0

The only strategy is to go cash !!!!!
If you still want stay in crypto - then purchase some coins backed by physical assets linked to a share of some commodity or real working platform.

Topic: A strategy for "surviving" in times of crisis - page 2. (Read 303 times)