Topic: Best Thing To Do When Cryptocurrencies Price Dumps! - page 6. (Read 1747 times)
It is very important to continue to believe in bitcoin and keep your bitcoins in your wallet. This is a difficult period for every investor, but it is worth to be patient and not to succumb to panic attacks on the cryptocurrency market.
I have already taken advantage of the fall in prices and bought two bitcoins, saving a lot of money. This is a very profitable decision, I think. And of course, it is very important to refrain from any sales during this period, as you may lose your profits.
Read different articles and people opinion. You will see one common thing and speculation by those people - "The massive drop was needed for the massive rise". So, the best thing to do when the prices starts to dump is to hold onto your current investment and start investing as much more as you can. This in turn will maximize your profit when the pump starts.
You are right, such a crazy drop in cryptocurrency prices is a great reason to replenish your wallet with new coins at a very low price. This is quite profitable, especially if you have a limited amount of money to invest.
some things that I think are suitable to do when the price dump...
* HOLD the crypto coins that you already bought.
* always follow the news about crypto.
* and the last is to sell whatever items you can sell to buy crypto coins because the market that is being dumped is the best moment to buy crypto coins
* HOLD the crypto coins that you already bought.
* always follow the news about crypto.
* and the last is to sell whatever items you can sell to buy crypto coins because the market that is being dumped is the best moment to buy crypto coins
No matter pump or dump takes place, first of all, you have to remain emotionless and stick to your well-thought plan that must be prepared in advance. The flow of emotions may ruin your plans, so, first of all, you must be cool blooded.
it's easier to say than to do because if you have significant investments in bitcoin you can't watch the falling price and stay calm.
I also don't see any point in panicking and selling my coins. You need to get the maximum benefit from this situation in the market and buy the maximum possible number of coins at a cheap price.
Don't stare at the chart too much.
In this long bear market I think it’s best to hold the crypto you have must trust in, Going all in on Bitcoin are for me the best solutions, but I still hold a few Altcoins project I like, but most of the Altcoins I was holding 6 or 12 months ago has been sold long time ago,
Bitcoin price will go up again, just wait and keep your coins in your own wallet.
Bitcoin price will go up again, just wait and keep your coins in your own wallet.
Depending on what you want to do, many people take a break and take advantage of these dumps to get away from this madness, others like me decide to do other types of business, either investing in ICOs or trading, during these periods there are many different arbitrages, which can give you a good profit without a lot of effort.
Honestly it's very hard to cope with price dump especially when you have invested some cash into it and it's not easy to hold your tokens as you will be forced to sell even at loss. It's not a new occurrence but it's occuring in different forms. But I say wisdom is needed depending on the type of trader you are and your purpose of investment. Long term investors are not affected unlike short term or daily trader. This is what will determine how you will respond to price dump either to sell, take a break and enjoy life outside trading, learn, keep holding for green will surely come sooner or later.
Let's look at this year's and how they turned out to be in terms or green or red ::
10 11 12 green
13 14 red
15 16 17 green
18 19 red
Then
20 21 22 green🤔
Let's be hopeful as we apply wisdom to our dealings.
Let's look at this year's and how they turned out to be in terms or green or red ::
10 11 12 green
13 14 red
15 16 17 green
18 19 red
Then
20 21 22 green🤔
Let's be hopeful as we apply wisdom to our dealings.
The way you do it is quite right. I'm also waiting, I think the market is down. When it is a good time to buy
It is also dumped as of the moment and as of now I don't have any action until now, even me, I don't know exactly what I need to do because we all don't know if bitcoin value will gonna pump again or what. Maybe we need a lot of patience now because holding bitcoin now is not really profitable at the moment. I don't know if we can still stand the value of cryptocurrencies right now.
I think buying at the dip is a good idea but like others mentioned they can lock your money if the pump doesn't happen soon. I'm still going for the long game and buying with what I'm comfortable spending on crypto and keeping the faith.
I would sit back, relax, listen to some crypto covers on YouTube, laugh and wait for the next bull-run while accumulating as much cheap coins from the market as I can.
https://www.youtube.com/watch?v=MAcFrToY0Uw
https://www.youtube.com/watch?v=MAcFrToY0Uw
Yes you're right instead of getting panic with what is the situation right now and doing what you do can lessen our stress thinking that situation. We should make the bitcoin dump become productive by earning bitcoin in many ways such as signature campaign. And while waiting when did bitcoin pumps again we should widen our knowledge with cryptos.
Am for the HODL approach and this is best way to behave when the price of bitcoin dumps. I know it is not easy, but you have to try. The future of the world and its finances lies in bitcoin and the other cryptocurrencies. The best way to learn about the up and down movement of bitcoin is experience. Experience is the sure way to learn about an activity.
The best thing to do when the price is so down is to hold and not sell out,preferably it will be best to add more to our wallet,we need to learn to be patient with the market.
In my prospective view , i will wish to buy more and more to get good profit in the future.
your best choice is to cash out and stay out for as long as the cryptocurrency dumps are going on. specifically if you are in altcoin market because the dumps there are always big and they last a long time. for example buying altcoins now is foolish unless you are buying altcoins that are currently getting pumped in the current market situation.
Well, I think that strategy is best before the dump takes effect so that you won't lose that much value in your coins that would then affect how much you can earn if you sell. For me, during price dump episodes, the best thing to do is actually to recirculate some of your earnings from previous ventures, or if you have some savings, try to find some coins that could be bought at a bargain to be held or reinvested in the near future. At least, you can get every bang for your buck, which can help you get better return when the coin you bought surges in the market.
My conspiracy theory is that someone is manipulating the Bitcoin price in a way to trigger massive panic amongst current Bitcoin holders. They need to get their hands on those coins, before the next big bull run and they need to get those coins at the lowest price possible.
I will not be surprised if the next Bull run will be as early as Q1 2019. It is just strange to see such a large dump at the end of the year.
We also have the Swizz with their approval of their own version of the ETF's and the SEC's decision on Bakkt in December. 
I will not be surprised if the next Bull run will be as early as Q1 2019. It is just strange to see such a large dump at the end of the year.
We also have the Swizz with their approval of their own version of the ETF's
Interesting!
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