Big Dump | Bitcointalksearch.org

sana54210

legendary

Activity: 3346

Merit: 1128

Quote from: Xinarae* on February 26, 2021, 07:03:38 AM

This seems to me to be a very bad time for the currency to depreciate though they are thinking of selling the currencies the market is likely to rise again. It's time to dump her and move on the best time to invest is in march the market will rise again it is better to hold on than to sell according to the advice of experts the market will rise very quickly. Don't panic and try to hold the coins i was also disappointed to see the prices go down but I kept the currencies to go up and down will have to wait to see the next state of the market.

You know what people are forgetting? The fact that companies own 500k+ bitcoin total, that means there is less and less bitcoin in the market and that means we can't really have any type of drop that could be as drastically as it used to be, we can't have 2017 type of problem anymore because we have those huge corporations in the crypto world.

This is exactly why I think there is really nothing to worry about this situation, not that I think it would be 10k but even if it does happen to be that low one day, that doesn't mean that we can't really reach to a level where it is 100k?

I mean even if we fall first, we could rise up again later, remember how we were 20k and then reached to as low as 3k and then we peaked at 60k now, to those who can wait bitcoin, the price will always go up and that is why there is no problem at all. I personally feel like I can wait as much as I have to.

carelessboy

member

Activity: 336

Merit: 10

yes now market big dump. some days ago i buy DIA and i want hold some month because for dumping i lost my 30% investment.i can,t understand now what can i do? but waiting for recover my investment when i get it. moved another altcoin.at this time very risky to invest any one altcoin .but hope bitcoin cross 60k usd in this year.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Ararbermas on February 22, 2021, 05:57:19 AM

Waiting is the best option on that kind of situation.. Never surrender because of your doubts as long as the project where you invested your money is still making progress after all despite of the huge dump... Keep on your mind that the market is so volatile due to some causes, therefore you still have the chance to recover.. so you better be patient. Keep hoping that you can regain all of your losses and you can earn more profits after all.. Make a technical analysis so that you know what are the good and bad news about the circumstances. Much better i guess rather than panicking.. Wink

I think he's done selling his Bitcoin, he never waits the price will soar high but I think that he is satisfied with what he got which for me, it was enough.
Everyone who sells right now is not a bad idea especially when you are in the profit. We all haven't the guts to hold for long, seeing your portfolio in doubled, it was tempting.

I know hopes still there but seeking assurance in a very volatile market, you are not able to see it. Coz what if the price dump this time, he is definitely right about selling it.

airdata

hero member

Activity: 1148

Merit: 501

I want tell you that don’t panic on this situation and don't sell your altcoin on this time and i think you can hold your all altcoin for some time and wait. But if you think that selling will better for you then you can sell your coin.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: airdata on February 26, 2021, 12:04:50 PM

Current situation of Crypto merket is very bad all altcoins price is too low on this time and i see that many people sold their all holding coins for panic. I think need patient for better profit and Don't sell your coins as loss just wait and hold your coins.

There is nothing bad about the current market situation apart from the fact that investors erroneously believe that the market should continue on a steady rise without a dip. What we have now is a momentary correction. For crying out loud, Bitcoin is currently trading at $47k + and you judge the market as doing badly? Remember around this period in 2020 Bitcoin traded below $4k. So, judge for yourself if the situation is bad or not.

blockman

hero member

Activity: 3066

Merit: 629

20BET - Premium Casino & Sportsbook

Quote from: airdata on February 26, 2021, 12:04:50 PM

Current situation of Crypto merket is very bad all altcoins price is too low on this time and i see that many people sold their all holding coins for panic.

Bad? how come? is it bad to say that after two months bitcoin and other altcoins were not even at the price today that they have? don't you worry about people selling what they have, let them do their thing.

Quote from: airdata on February 26, 2021, 12:04:50 PM

I think need patient for better profit and Don't sell your coins as loss just wait and hold your coins.

It is the decision that they should do but they lack it.

Becky666

full member

Activity: 756

Merit: 231

Quote from: Travel Standard on February 14, 2021, 10:44:48 PM

~
I was in a loss of around 300$ almost

I can't; you see why most us will encourage you not to just sell off your asset?, you definitely sold when the time to pick profit was ripe but this should be a lesson for another day, during my infantry in cryptocurrencies i usually sell when others are still very much holding their coins and hold when they sold off, this has always bring me regrets. Currently there are coins am holding becasue i saw potentials in them that they can make me double in future.

airdata

hero member

Activity: 1148

Merit: 501

Current situation of Crypto merket is very bad all altcoins price is too low on this time and i see that many people sold their all holding coins for panic. I think need patient for better profit and Don't sell your coins as loss just wait and hold your coins.

Xinarae*

sr. member

Activity: 1414

Merit: 326

This seems to me to be a very bad time for the currency to depreciate though they are thinking of selling the currencies the market is likely to rise again. It's time to dump her and move on the best time to invest is in march the market will rise again it is better to hold on than to sell according to the advice of experts the market will rise very quickly. Don't panic and try to hold the coins i was also disappointed to see the prices go down but I kept the currencies to go up and down will have to wait to see the next state of the market.

redsun114

hero member

Activity: 2730

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: so98nn on February 23, 2021, 01:28:10 AM

I bought at the ATH too, but it does not mean you have to be panicked about the price dropping. If BTC has achieve that ATH today then it will come back to that price one more time in the future also. So why fear so much?

Just hold and to overcome the losses which is temporary, you can buy more at lower values.

The thing about buying at ATH is that, if you are careful about what you are doing, you should be fine about it anyway. For example when you buy bitcoin at 20k, which was the ATH and sold today, you would still be in x2+ profit today, that means buying at ATH doesn't mean that you are doing a bad thing, and I have said repeatedly that bitcoin moved beyond 1400 easily last time to go to 20k so breaking ATH and having new ATH would always mean something easy, to have a bigger and huge ATH was inevitable.

However one thing I am 100% sure about is that if we fall down now, if this is a 2018 like fall, and we will only recover few years down the line, it is still not a bad thing to buy now, why? Because you can keep buying, buy for 3 years and the next time it goes up, you will be in a much much bigger profit for sure, that is what you should focus on, not "what profit I am making now" but "what profit I can make in the future"

ampere

full member

Activity: 1246

Merit: 116

Quote from: Travel Standard on February 14, 2021, 10:44:48 PM

I started selling. I was confused is it good to exit and buy low later.

My buying price was also good and investment not much.

I was in a loss of around 300$ almost

It started gaining i stopped. Selling and decided to wait for it to come back. I am in 300$ loss currently Total investment was 689$ all in spots currently.

What do you all say?

The truth is that in crypto currency trading; you should never wait until the market is bearish before you start selling or taking profit; it does not really end well for any trader. Where were you when the market was bullish and you were in profit ? This shows that you let your emotions direct you or you gambled on your purchase. A good trader has an entry points, a take profit point and when to totally exits the market, you do not have any this.

I hope you learn from this hard times and mistakes and work on developing a good trading strategy

acener

full member

Activity: 1274

Merit: 115

★Bitvest.io★ Play Plinko or Invest!

I am also having a hard time right now I think it is a great time to go into stable coin like USDT .
I am not promoting it but I am just saying what I think would be a great move during the crypto dump.
But I haven't even turn my holdings into USDT right now I am still thinking of a better one to do.

k@suy

sr. member

Activity: 882

Merit: 269

Quote from: Innerpumper on February 23, 2021, 08:16:13 PM

I'm also in a state of loss of up to 50% but not too much because I went in just a little bit. I don't think it's over yet and the market is recovering soon, hoping march is a good month.

Me too all my ports now are red, really waiting for the market to recovers so that i could have money or some little gains from what I am invested now, maybe if I could have some money in the future I rather invest small amount of it again as long as it is right time to buy like this time, market will soon recover next month i think, we're just days ahead to it no need to be nervous if we have a negative portfolio now we just need to be patient.

SirLancelot

hero member

Activity: 2646

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: Kittygalore on February 24, 2021, 03:30:52 AM

Quote from: Innerpumper on February 23, 2021, 08:16:13 PM

I'm also in a state of loss of up to 50% but not too much because I went in just a little bit. I don't think it's over yet and the market is recovering soon, hoping march is a good month.

The price is slowly bouncing back, just hodl on your coins and wait for it to go up and reap big profits. Remember the psychology of a herd, when panic happens, it spreads really fast and the one who will not be affected by it will be the one to rise on top. I am disheartened by the dump in the prices too but I knew better than to sell the bitcoin that I am hodling right now because I know that this has happened back then and now look at the prices.

I think it is both about panic but it is also about support lines, the higher you go and the faster you go it becomes harder to actually keep it from going down, for example if you wait at 50k price for a whole year without ever going under 50k, it is going to be incredibly difficult to make it go under ever again, but if you ever reach to 80k in a day, you can go back to 50k in a day as well, why? Because there is no support line built in.

We have increased a lot this week, and that increase was not built in just yet, we didn't had a decent support line, which caused the price to drop a lot easier as well. I am not saying people didn't panic, of course they did, but we are throwing all of them under the bus for this drop whereas I think there were other things involved as well, like whales selling and lack of support line played as big of a role as people who panic sold their coins.

Kittygalore

member

Activity: 868

Merit: 63

Quote from: Innerpumper on February 23, 2021, 08:16:13 PM

I'm also in a state of loss of up to 50% but not too much because I went in just a little bit. I don't think it's over yet and the market is recovering soon, hoping march is a good month.

The price is slowly bouncing back, just hodl on your coins and wait for it to go up and reap big profits. Remember the psychology of a herd, when panic happens, it spreads really fast and the one who will not be affected by it will be the one to rise on top. I am disheartened by the dump in the prices too but I knew better than to sell the bitcoin that I am hodling right now because I know that this has happened back then and now look at the prices.

Innerpumper

member

Activity: 1021

Merit: 12

I'm also in a state of loss of up to 50% but not too much because I went in just a little bit. I don't think it's over yet and the market is recovering soon, hoping march is a good month.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: Yatsan on February 23, 2021, 05:28:26 PM

It is just fine to sell if you do see that you cannot take the effect of the dump and cannot certainly endure the loss you are having as of the moment. Just take time to compose yourself for awhile and if you are already prepared once again, then get back into trading and try for another time.

Agree, it's not just money that are involved here, emotions too play a big part of it. So we really need to compose ourselves if we see big lost in our trading. But when we go back, we should learn from that mistakes and be strong mentally.

Quote from: Yatsan on February 23, 2021, 05:28:26 PM

You do not to push yourself into limitations because better to cut your loss in as early as possible if you are seeing no potential gain and you are just continuously on a losing streak. That is why before engaging into trading you must know your coin well so that you will know its potential to not make you panic once you experience sudden changes in the price because you know that no matter what happen, you will just need to trust the process.

Even in gambling as well, if you push and try to recoup your lost by playing emotionally, the result will be worst for you. As for trading, yes we can study and do our own investigation, but you have to factor as well that we can't control everything so we need to be prepared.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

It is just fine to sell if you do see that you cannot take the effect of the dump and cannot certainly endure the loss you are having as of the moment. Just take time to compose yourself for awhile and if you are already prepared once again, then get back into trading and try for another time. You do not to push yourself into limitations because better to cut your loss in as early as possible if you are seeing no potential gain and you are just continuously on a losing streak. That is why before engaging into trading you must know your coin well so that you will know its potential to not make you panic once you experience sudden changes in the price because you know that no matter what happen, you will just need to trust the process.

so98nn

hero member

Activity: 2114

Merit: 603

Quote from: mk4 on February 14, 2021, 11:21:51 PM

Quote from: Evilish on February 14, 2021, 11:06:11 PM

Let me ask you this. How did you lose $300 (43%) out of your total investment of $689 when BTC barely dipped 5% and then rebounded fairly quickly? Huh

Might've been shitcoins. Come to think of it, almost every single decent altcoin is just going up(slightly in BTC, mostly in USD) that it would need to take spectacularly bad picks to lose money in this bull market lol. Heck, even the crappiest BSV is up in USD since the past month.

Or could be a bitcoin itself. Let us not forget that bitcoin is also moving up and down with enormous volatility, like 2k to 4k USD up and down every other day. Looking at his investment of 600 bucks he might have entered at high peak and now since bitcoin is going down back again he ended with that much loss.

His math seems wrong. Bitcoin dumped around 5-6% daily and max 11% two days ago. Could be the thing he sold at different points which were wrong.

I bought at the ATH too, but it does not mean you have to be panicked about the price dropping. If BTC has achieve that ATH today then it will come back to that price one more time in the future also. So why fear so much?

Just hold and to overcome the losses which is temporary, you can buy more at lower values.

cyriljundos

member

Activity: 432

Merit: 10

Bitfresh - iGaming with 90s UI

beginners in trading experiencing that also but your lose is too much. be careful in buying a coin that is not trusted and always analyze the flow of a coin you invest in so that you can gain profit and you cannot lose more money. just learn more trading techniques and know how to read graphs.

Topic: Big Dump (Read 790 times)