Big Dump - page 2. | Bitcointalksearch.org

BITCOIN4X

legendary

Activity: 1974

Merit: 1150

Quote from: hahay on February 22, 2021, 01:54:10 PM

Selling now when the price is falling is definitely a loss but if we choose to keep holding it, I think it will be a long term hold because it looks like the bullish period is over.

I hope that institutional investor are not affected by the recent correction in price. If they panic, the price will fall even worse. The bullish season is still not over in my opinion and it is natural that this correction provides opportunities for other investor to buy more crypto asset in the market.

Quote from: hahay on February 22, 2021, 01:54:10 PM

So yes, selling might be good for cutting losses so you can buy other altcoins that may still have a chance of giving you a quick return, so whatever you choose will still have risks because it's not a safe market.

Yes, but it would be terrible if done on a large scale. I'm sure the market will recover after this and it might take some good news to see it pumping so strongly. Selling or holding it is one option, securing fund is one way to reduce the risk of loss when the market is down. Agree with you.

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

Selling now when the price is falling is definitely a loss but if we choose to keep holding it, I think it will be a long term hold because it looks like the bullish period is over. So yes, selling might be good for cutting losses so you can buy other altcoins that may still have a chance of giving you a quick return, so whatever you choose will still have risks because it's not a safe market.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

Quote from: Hobo66 on February 22, 2021, 12:49:07 PM

Dude, if that bump loosened your grip, you might want to get out if crypto. This dip made me happy. We do not want to climb too fast and I want to buy more.

You get why the dip had come. It's very necessary to see it if we want to get a higher price. The smoother the better and the more stable.

Quote from: Hobo66 on February 22, 2021, 12:49:07 PM

Change your perspective and emotions if you are going to stay.

It is one of the hardest enemies in trading and investing in crypto, don't let your guard down.

Hobo66

hero member

Activity: 1344

Merit: 502

Dude, if that bump loosened your grip, you might want to get out if crypto. This dip made me happy. We do not want to climb too fast and I want to buy more. Change your perspective and emotions if you are going to stay.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

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.

Well, confusion is a trait of fud and fomo; and to be a successful trader you have to overcome and be able to handle your emotions. The best way to trade and earn is to sell the bulls and buy the bears; and if you are looking for an exact example to do so; there was a flash and quick dump today after bitcoin dropped. Did you take profits ?

Well if you are a trader, you have to know that at the moment there is a correction that you can take advantage of, it is good, sometimes you have to follow the line of least resistance, but you must understand that this means that when the correction ends the price can rise from bitcoin and you can continue buying, it is not too late, the market will always give you opportunities to enter.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: bitbollo on February 22, 2021, 09:45:56 AM

Quote from: pawanjain on February 22, 2021, 09:35:34 AM

In the long run almost every potential cryptocurrency gains in price

it's really the opposite Grin

for what I have seen and I can show you with some data taken during "ICO MANIA" of 2017.
I get some data from this topic https://bitcointalksearch.org/topic/the-next-100x-1000x-coin-2106360 "The next 100x or 1000x coin", where people trying to guess/suggest the coin that could receive a big pump during end of 2017 early 2018.
Plus coins were suggested here as the best coins for a speculation ... and these are the results after 3 years:
13,18% Reported a positive result.
10.83% Reported a 0 (total loss)
the others just negative results (prices go down).
(full post here https://www.publish0x.com/bitbollo-cryptocurrencies-blog/a-depth-analysis-of-bitcointalkorg-speculation-thread-the-ne-xpnnjwq )

The term 'potential cryptocurrencies' is subjective here and can lead to coins with one's own perspective of how potential they are.
For me, bitcoin and ether (and recently DOT) are the most potential coins and they have crossed their ATH recently (pairing with USD).
So yes, they did increase in price in the long run right. I know that many cryptocurrencies depreciate in price but I believe the potential ones just gain in the long run.

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

Quote from: pawanjain on February 22, 2021, 09:35:34 AM

In the long run almost every potential cryptocurrency gains in price

it's really the opposite Grin

for what I have seen and I can show you with some data taken during "ICO MANIA" of 2017.
I get some data from this topic https://bitcointalksearch.org/topic/the-next-100x-1000x-coin-2106360 "The next 100x or 1000x coin", where people trying to guess/suggest the coin that could receive a big pump during end of 2017 early 2018.
Plus coins were suggested here as the best coins for a speculation ... and these are the results after 3 years:
13,18% Reported a positive result.
10.83% Reported a 0 (total loss)
the others just negative results (prices go down).
(full post here https://www.publish0x.com/bitbollo-cryptocurrencies-blog/a-depth-analysis-of-bitcointalkorg-speculation-thread-the-ne-xpnnjwq )

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: ?? on ??

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

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.

I assume that you were worried about the price of bitcoin and right now the price has rallied and it is another all time high valuation and hence your query is sorted i guess. My only advice to anyone in the market is to never sell the coins at a loss, all you need is the patience to hold for a long period even if the market goes down as the market will recover eventually.

Never selling at a loss actually depends on whether the person is a trader or an investor. Investors can hold their coins for a long term and need not worry about the short term dumps.
In the long run almost every potential cryptocurrency gains in price. If the person is a trader then it depends on his strategy.
If he wants to minimize losses and save his capital then not selling would be a bad idea. Selling at minimum losses and then buying back at the bottom should be a sure short approach to maximize gains.

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

most of times these flash crashes like today are a good option for taking bitcoin or other altcoins with an huge discount.
yesterday price was around 56K usd and now has touched just 51K. Easy 10% of discount from yesterday price.
I know it's a kind of risk operation, but if you look in perspective and with a long time frame you will be grateful each time price has these huge correction. It's like bitcoin will pass from "weak" hands to "stronger" hands Wink

ice098

hero member

Activity: 1498

Merit: 586

Quote from: Xxmodded on February 22, 2021, 08:30:54 AM

Now have big dump because bitcoin have lower price and make many altcoin going on lower price, maybe correction or bitcoin have enough raise to higher price and back to usual place on lower price, but I hope still have big chance for bitcoin and altcoin keep stable higher price and give me chance to get profit and later could be down, any moment we need to buy back when bitcoin or altcoin have lower price because later just wait only when raise higher price could get enough profit.

As of now my holdings experienced dump as well because most of it are bnb based coin but it doesn't matter I will still hold my coin until bnb gets to $300 and up in the next few days, it is only Monday weekends are the day to go shopping some coins, dumping is very normal price correction is normal wait for it it will pump again same to goes to bitcoin it might be down today but soon it will go higher than we expected.

Xxmodded

sr. member

Activity: 2296

Merit: 315

SOL.BIOKRIPT.COM

Now have big dump because bitcoin have lower price and make many altcoin going on lower price, maybe correction or bitcoin have enough raise to higher price and back to usual place on lower price, but I hope still have big chance for bitcoin and altcoin keep stable higher price and give me chance to get profit and later could be down, any moment we need to buy back when bitcoin or altcoin have lower price because later just wait only when raise higher price could get enough profit.

Ararbermas

sr. member

Activity: 2016

Merit: 283

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

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: isaac_clarke22 on February 21, 2021, 02:00:15 PM

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

~

That's a lot of loss, OP.
Just wait for a price correction then decide to buy something back and hodl again.
Made that mistake before and I was emotionally strained so I just stopped and decided to get back into investing and hodling game again.
I would advise to not panic, OP. You would almost likely decide wrong. Almost 100%.

We won't see big correction though, if we are going to see dip today, it will just be for the health of the ecosystem. Yes, you will really feel safe an no stress whatsoever if you just buy and HODL. That old mantra never gets old. And you have total control, if you want to sell it you can do that anytime.

And if you really wanted to hold for at least a year, your only enemy is yourself, you need to have that mental toughness. But in any case, if you see your portfolio going up, then it will be very easy for you to just think and hold.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

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

~

That's a lot of loss, OP.
Just wait for a price correction then decide to buy something back and hodl again.
Made that mistake before and I was emotionally strained so I just stopped and decided to get back into investing and hodling game again.
I would advise to not panic, OP. You would almost likely decide wrong. Almost 100%.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: Xxmodded on February 21, 2021, 12:29:55 AM

Did you remember what last tweet from CZ, if you wanna be rich you must hold and be patient with your assets and never panic for selling coin, but if you want not be rich you can sell your coin when have lower price. I believe with potential coins when dump have chance for us to get much profit because always amazing way for bitcoin and altcoin price. Every time have big chance for any coin break up to higher price and depend how can be patient when your coin dump.

Something that needs to be assess.

If you have good sets of plans on both long and short term investment, you'll be able to sort things out. Never to allow yourself to decide without thinking twice, you'll have to keep your patience in the right place, it will help you to keep what assets to hold and what is needed to let go and to move forward.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: ?? on ??

...My only advice to anyone in the market is to never sell the coins at a loss, all you need is the patience to hold for a long period even if the market goes down as the market will recover eventually.

I don't think this is the right advice, very often selling coins at a loss we fix it, not allowing it to become even bigger. In such cases, we can buy this coin at a lower price than we sold it. And just sitting and waiting for the price of the coin to return to the previous one is inefficient, since this wait can last for several years.

Xxmodded

sr. member

Activity: 2296

Merit: 315

SOL.BIOKRIPT.COM

Did you remember what last tweet from CZ, if you wanna be rich you must hold and be patient with your assets and never panic for selling coin, but if you want not be rich you can sell your coin when have lower price. I believe with potential coins when dump have chance for us to get much profit because always amazing way for bitcoin and altcoin price. Every time have big chance for any coin break up to higher price and depend how can be patient when your coin dump.

CryptopreneurBrainboss

legendary

Activity: 2408

Merit: 4282

eXch.cx - Automatic crypto Swap Exchange.

Quote from: Renampun on February 19, 2021, 04:28:14 PM

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

...

the best advice from me is 'just HODL'...
If you panic sells, then make sure you lose, but if you intend to continue to 'HODL' then the amounts of your assets will not decrease and you cannot be said to be losing. *be a strong hand

Seems there's a mistake in your first sentence because there's no way panic sellers should make sure they lose instead you should say if there is any panic selling ongoing then the seller should make sure he or she isn't in
lost. If the individual can take advantage of the market profitability then I don't see any issue with taking profit and rebuy when the market experience some corrections.

Although holding has always been the best strategy as it has less stress associated with it when comparison to trading and the profitability ratio is way above that of trading. There's 99% chance you would be profitable buying bitcoin now, good and sell back years later

Inspiron14

full member

Activity: 1064

Merit: 101

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?

why did you lose $ 300? the price of bitcoin and altcoin currently experiencing a high increase, have you missed the upward trend again? haha yes that's trading, sometimes we make wrong decisions, but if you give up because of that, then honestly it's a funny thing, buy altcoins again on the spot market, because this season is altcoin season!

Renampun

sr. member

Activity: 2338

Merit: 365

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

...

the best advice from me is 'just HODL'...
If you panic sells, then make sure you lose, but if you intend to continue to 'HODL' then the amounts of your assets will not decrease and you cannot be said to be losing. *be a strong hand

Topic: Big Dump - page 2. (Read 770 times)