Big Dump | Bitcointalksearch.org

sana54210

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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

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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

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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

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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

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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

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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

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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

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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*

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

BITCOIN4X

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

gazilla

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Right now your best be is to invest in a good coin and wait for the gains. Trading is difficult at the times of bullrun. Just hold

ven7net

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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?

I believe that you were probably in a hurry when you sold your crypto asset, since you are now at a loss of $ 300. Possible reasons: you did not choose the right crypto asset for investment, you did not have a plan for your investment, or you just sold your crypto asset early. I understand perfectly well that it is very difficult to do everything correctly by investing in cryptocurrency. This is due to the fact that now it is very difficult to make the right decision, since we are always afraid of losing all the money or selling the crypto asset too early. I think you need to re-evaluate your investment and make a better decision for further action. Personally, I am currently holding my crypto assets in the hope of even more growth.

$crypto$

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Quote from: dimonstration on February 19, 2021, 12:45:59 PM

Quote from: doctor877 on February 17, 2021, 04:18:13 PM

i believe you are acting emotional and you need to learn more about trading and investments so you will know to do, how to react to this kind of scenarios , determine if it will last long, how to buy more at dump and so on. its always advised that crypto investments is risky because of its volatility so do not ibvest what you cant afford to lose.

The market is really volatile, we should be consistent in our plan whether to hold at that amount or sale. Its good to take profit but sometimes it's regretful when we take profit and the price moves way too fast up than before. Better have yourself ready for stop loss or set amounts intended for some loss and still have some backup to buy more. Remember we don't lose as long as we don't sell.

As much as possible we must be prepared with all the risks that will be faced in cryptocurrency, trading is now increasingly in demand because it is an irresistible profit but in it if you don't know it will be a loss and when to sell it, but indeed the crypto market is unstable even very fluctuations but at least we have to realize behind all that it is not as sweet as imagined in crypto trading and investing.

Many people are mistaken because they see other people taking away from trading unless we already understand that just buying cheap and selling expensive is easy, but about that analysis we need right now.

CryptopreneurBrainboss

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Quote from: Mpamaegbu on February 16, 2021, 02:42:10 PM

I believe OP was talking about Bitcoin. It's obvious that he panic sold his share when he felt Bitcoin was dumping.

Since this thread was created on the 15th then OP must be referring to the dumped that happened on the evening of the 14th as a result of the rumors of the US Government warning that they won't allow Corporates to keep replacing Dollars With Bitcoin, warns Investment Advisor but it turns out this was just a fud and there was no authentic source to proof this article. This news saw the market experience a sudden dump that resulted in most alts been affected and they're still trying to recover from it.

Bitcoin on the others hand has benefited massively as more funds has been pouring in and the dumped created room for more investors both institutional (publicly and privately) and the average investors to buy into the market but at first it did have a negative effects impact and that was when the OP saw the market and decided to cash out. It was just poor timing on the side of the OP and nothing more..

dimonstration

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Dimon69

Quote from: doctor877 on February 17, 2021, 04:18:13 PM

i believe you are acting emotional and you need to learn more about trading and investments so you will know to do, how to react to this kind of scenarios , determine if it will last long, how to buy more at dump and so on. its always advised that crypto investments is risky because of its volatility so do not ibvest what you cant afford to lose.

The market is really volatile, we should be consistent in our plan whether to hold at that amount or sale. Its good to take profit but sometimes it's regretful when we take profit and the price moves way too fast up than before. Better have yourself ready for stop loss or set amounts intended for some loss and still have some backup to buy more. Remember we don't lose as long as we don't sell.

abel1337

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Quote from: bitgolden on February 19, 2021, 10:36:42 AM

Quote from: yohananaomi on February 19, 2021, 07:10:42 AM

of course everyone will do the same as what you have done, as long as the coin we hold has a potential value it is a bad thing if we let go not to hold it. all we will do is hold back as hard as we can if the coins we hold are very profitable, even though there is negative news, we can certainly get rid of it because not all of that can happen, what is needed is patience in taking what actions we will do next.

always try our best to do something with our coins to be stored properly because we believe that the wallet where we store it can promise to still be the safest place to store it.

Holding is a great way to make money, we may discuss trading as much as we want but the real profit comes from holding at the right moment. If you bought BNB just two months ago and sold today you would have made nearly 6x return, close to 7x these days, that is a whole lot of money to be made with just holding, and you are not doing anything neither, you just hold your money in BNB and go live your day without any problems. This is why holding is always a lot better.

However the problem with holding is that, you do not know when will it go up or what will happen it could go down as well, sometimes the coins you hold do nothing for years and then suddenly it goes up 10x, so what should you do, hold it for years on off chance it may go up in the future? During those periods people tend to trade so that they could make a profit while waiting for things to go up.

Hodling is proven that it is effective and most of us surely have an asset that we hodl on like bitcoin. If you believed in a project and has potential, Why would you not hold it? Trading it would be an option if you want to become more active with your profits. BNB currently showing up a big pump within this week because of its recent trend in its smart chain and investors are going at it thinking that it would be the next ETH. If you are lucky enough that you bought some last year and hodl it till now, Well congratulations you earned great profits.

You could do something about predicting where will the price go. Using technical analysis and just researching the project's recent events is one of the things that can do to boost the accuracy of your price prediction.

bitgolden

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Quote from: yohananaomi on February 19, 2021, 07:10:42 AM

of course everyone will do the same as what you have done, as long as the coin we hold has a potential value it is a bad thing if we let go not to hold it. all we will do is hold back as hard as we can if the coins we hold are very profitable, even though there is negative news, we can certainly get rid of it because not all of that can happen, what is needed is patience in taking what actions we will do next.

always try our best to do something with our coins to be stored properly because we believe that the wallet where we store it can promise to still be the safest place to store it.

Holding is a great way to make money, we may discuss trading as much as we want but the real profit comes from holding at the right moment. If you bought BNB just two months ago and sold today you would have made nearly 6x return, close to 7x these days, that is a whole lot of money to be made with just holding, and you are not doing anything neither, you just hold your money in BNB and go live your day without any problems. This is why holding is always a lot better.

However the problem with holding is that, you do not know when will it go up or what will happen it could go down as well, sometimes the coins you hold do nothing for years and then suddenly it goes up 10x, so what should you do, hold it for years on off chance it may go up in the future? During those periods people tend to trade so that they could make a profit while waiting for things to go up.

yohananaomi

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Quote from: k@suy on February 17, 2021, 05:35:03 PM

Spot right? As long as it is having a value and that coin is kicking the market for me I will not gonna sell it, I'll wait for it to pump, do not sell your coin in an instant once you see some negative interest in your money, but be sure it is really profitable gather some news because sometimes you need to cut loss if the news are all negative and all about delisting so your losses might be decrease a little, be. careful and protect your investment.

of course everyone will do the same as what you have done, as long as the coin we hold has a potential value it is a bad thing if we let go not to hold it. all we will do is hold back as hard as we can if the coins we hold are very profitable, even though there is negative news, we can certainly get rid of it because not all of that can happen, what is needed is patience in taking what actions we will do next.

always try our best to do something with our coins to be stored properly because we believe that the wallet where we store it can promise to still be the safest place to store it.

Swordsoffreedom

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

~
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?

In this game of Crypto most of the wise trader losses their initial deposit even they are able to pick the right coin. Do you know why? cause they don't have patience and do not study properly about market indicators. Most of them do not study MACD, RSI, ADX, SMA the main criteria of trading indicators, they do not bother about market overbought/oversold, they just follow their emotions & FOMO and loses their deposit. Only one suggestion for new traders, Don't do stupid mistakes, control your emotions rather than ignoring indicators and do study more and more learn how to use trading signals. Be a trader by doing study, not by destroying your capital.

Saniati

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300$ loss means too many😥. Now if you want to trade and want to recover your funds.so you have learn about fundamental analysis. Invest in best coins. And Don't invest all money in one coins. You can invest 30-40% in one coin.

k@suy

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Spot right? As long as it is having a value and that coin is kicking the market for me I will not gonna sell it, I'll wait for it to pump, do not sell your coin in an instant once you see some negative interest in your money, but be sure it is really profitable gather some news because sometimes you need to cut loss if the news are all negative and all about delisting so your losses might be decrease a little, be. careful and protect your investment.

doctor877

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i believe you are acting emotional and you need to learn more about trading and investments so you will know to do, how to react to this kind of scenarios , determine if it will last long, how to buy more at dump and so on. its always advised that crypto investments is risky because of its volatility so do not ibvest what you cant afford to lose.

carlisle1

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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.

What Coins are these? you are the only one who understand what are you trading here so don't expect clear answers from us.

Quote

I was in a loss of around 300$ almost

Sorry to Hear that but i lose more than that last year so thats fine.

Quote

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.

You have already mentioned about the losse s, so total investment is 689 meaning the total funds back is 1,000 usd?

Quote

What do you all say?

Not unless you made your self clear here , i don't think there will be a clear answer.

GelatikKembar

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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?

oh have you sold bitcoin or altcoin? if you sell altcoins I say you are very in a hurry, and if you sell bitcoin then you are quite unlucky because the price of bitcoin reaches the $ 50k level, of course this will create a new fomo in the crypto world, your step is to sell your investment and want to buy at Cheap prices are right, but don't be sorry if prices continue to rise without a dump or bearishness.

sayaya17

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I don't know what coin you're investing in. Make sure you invest in potential altcoins, and investing in bitcoin. Bitcoin has undergone a correction
and also make sure you do not immediately sell it if it has not made a profit properly. Maybe you bought bitcoin at a high price and when there is
a correction you sell it. That's what makes you lose some of your money. If you still hold it, you profit, because now bitcoin has created a new ATH.

Ridwan Fauzi

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What is your point making this thread? To ask anyone here that we lose our money as well or that is a big lose? If you are trader you will get used to find this situation, especially when you future market trader then yeah losing $300 even more is commonplace.

It will be same when you are an investor, but you have to choose the pariode of time before you buy the coin. Because it will be affected to your result later, I mean when you are long term investment then you will let your entry although you are in lose situation because you have predicted that in the long term its price will be high than now.

Fatunad

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Quote from: ?? on ??

It is really difficult to give advice to anyone about his coins. Because it is very difficult to predict in which direction the market will go in the coming days. Now if you sell your coins at a loss and if the next day the market is pumped again, then it will be very frustrating.

So I always leave the responsibility on the investor to make his own decision, if you are too hesitant to make a decision then you will not be able to make the right decision.

Yes, it is really hard to suggest on what they should gonna do yet even ourselves do also have a hard time on determining if its already the right time to sell for profits.

We cant really just ignore the possibility that there might be some further increase and as a human being then its just normal for us to have those insights or hunch that

it may go further which would really be resulting into hesitance or making up decision.Correction or price dumps are inevitable thats why we should really be smart.

gazilla

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It is hard to say...as even I do see signs of dumping of certain coins, then getting back up for a little bit only to come down some more

Mpamaegbu

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

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.

I believe OP was talking about Bitcoin. It's obvious that he panic sold his share when he felt Bitcoin was dumping.

OP, do yourself a great favour — Go and learn the set skills for trading. Just as people learn how to fly planes and become pilots, so also people learn how to trade and become traders. Knowing that won't make you panic at every market correction and call it a dump. Trading isn't gambling. Don't just dabble into it. Be sure it's where you want to be.

adzino

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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 sell at the first place when you saw that you will be losing $300? Again, I am bit confused over here. What do you mean by "your buying price was good"? Did you mean you bought it when the price was very low? But then the price started dropping and you sold? If that is the case, then you should have known better. You know that the price is volatile and panic selling won't get you anywhere. Remember, as long as you don't sell, no matter how much the price drops, you don't make any loss.

I would say, if you are "able" to invest, then go ahead. When the price drops, keep holding. As long as you have spare money that you won't need even during you financial "crisis", then go ahead, invest!

businessgirl

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Standard

Quote from: ?? on ??

If you lost some of your investment to the coins you invested you must try to other way prevent losing some money.
Dump is normal and it is part of process to rise the value of the coins and I think the coin you buy is not potential because the potential coin are rising the value now so they got a lot of money not losing it because now market is doing great.

Yes i bought some new tokens with remaining investment and hope this will recover my loss.
Now i know that Dips and upgrades will always affect the market. It calls market meganism or market correction. I will take coin on longer term for less volatility CS Credits for example. They are building a scalable produts. the fastest blockchain

Oceat

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Just like what everyone's talking, do not panic during this time especially when Bitcoin is in a massive bull run right now.
You don't have to dump everything in order to gain more because the market is still in a bullish trend.
Why not sell everytime there's a 5% increase in the market then buy when there's a 10% or more decline in the market?
That's a good way to make some profit if you know how to adjust your stop-loss order.

blockman

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Quote from: Congyang on February 15, 2021, 06:22:53 PM

do not panic sell to sell brother, a 5% decline btc is now just a correction. You have to look at the market situation in more detail so you can try to understand whether to sell or be patient to wait for the price to rise. because this is not a big dump, but a correction.

I agree. A 5% decrease is becoming the correction that we're expecting to be that low because before when we see a correction, it's too much in the market.
It is unwise to sell at losses. But if someone wants to get out of the bitcoin market, let them be.

FanEagle

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Quote from: maxreish on February 16, 2021, 01:03:03 AM

300 usd deficit is kinda huge. Perhaps you did not set up stop loss on your trading so it went down like that. You should learn how tos et it up everytime you trade, since immediate and sudden dump occurs normally in crypto market, you should also do not have to wait if thw technical analysis showed continuous drop then your 680 usd will gonna be liquidated.

You might learn different tools in trading. Not just by simply buying los and selling high buy also readingband learning some tools might help you in a situation like this.

It is not really "huge" in crypto world, it could be earned back very easily if you happen to hit right on the head with a few trades and could be made back in a day. He has 690 dollars which means if he makes 50% profit that would make him richer and will be in profit, and making 50% in crypto is not really that crazy and unheard of, especially when you have small amounts and can get into smaller investments.

For example, if you have a million dollars and want to make 50% profit there is a limited amount of coins you can get into because some other coins would be basically pumped and dumped when you buy and sell with a million dollars, their volume is too little. But, when you have only 690 dollars you can get into a lot more coins without disturbing its market and can get out with 50% profit.

maxreish

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300 usd deficit is kinda huge. Perhaps you did not set up stop loss on your trading so it went down like that. You should learn how tos et it up everytime you trade, since immediate and sudden dump occurs normally in crypto market, you should also do not have to wait if thw technical analysis showed continuous drop then your 680 usd will gonna be liquidated.

You might learn different tools in trading. Not just by simply buying los and selling high buy also readingband learning some tools might help you in a situation like this.

SlimShadyMmp

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I think you bought so many altcoins at the same time Likely maybe you bought 5 or 6 asset and lets say ALPHA is among them that got hacked so -30% there and then the rest dump like 10 or 25% percent Sure you can lose lots by doing that My advice will be buy less asset Maybe just two or one and when there is a pull back You can manage your portfolio but then again we all know that greed wont let you do that Like me we buy all the coins and during the dumps I travel to sorrow land to play witch of Fuck Crypto Grin

Congyang

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do not panic sell to sell brother, a 5% decline btc is now just a correction. You have to look at the market situation in more detail so you can try to understand whether to sell or be patient to wait for the price to rise. because this is not a big dump, but a correction.

goinmerry

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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.

Don't be confused as you already did some selling.

Go on your next plan without hesitation if you think you are on a good track.

We are really coming to the point that we need to do some tests and trials for us to see if it will be successful. You are not new in trading I guess so I know you can handle it properly.

Sebas.tian

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Quote

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?

It is not over yet because the market can still change at anytime, for such investor to realize that the price of bitcoin is unpredictable. According to some researcher bitcoin price is about to pump as never before because many customers are waiting for the price to dump before they can buy. Never give up to the stage you are now because bitcoin price is about to increase to 50$ to enable many customers to make a good profit from their business.

ReiMomo

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Duelbits - $100k Bonus/week

If OP invested in bitcoin, I dont see a reason that OP loss almost 300$, Op will I guess invested in the pump and dump altcoin like DOGECOIN and XRP.

However, this is a part of a trading journey, there will be a loss or if you got lucky you will be gained. Those traders who will; surrender in the middle of the battle, will most likely a loser forever, once you have sold all your coins at a losing point, it means you accept your loss. This is not a smart decision as a trader, this is the dumbest decision. Think it over and over before making such a decision.

Well, good luck to you and I hope with all comments above you will I guess enlighten most.

JooBra

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People need to learn that correction in price is a good thing in market. If the prices would have gone only up then it would be really bad in long run. With those corrections we are making side movements and new support for coins.

teosanru

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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?

So another person caught in the FUD. I have seen this back in 2018 too. People who made fortunes during the bull run eventually lost of all of it when it ended. There were two sets of people one who believed that bitcoin can never go down even if it does it will come back stronger, even though these people were right they couldn't hold their holdings until bitcoin came back stronger and ended at a realized loss. Others were the ones who thought that every correction is a crash. They brought at 12K and the moment btc went to 11K they would sell everything thinking market has crashed and the moment they would sell market would correct itself and move to 13k and then they would regret not buying in time and buy IN FOMO and then this cycle keeps on repeating.

Advise to you: Learn technical analysis ASAP or just throw your money in and forget that you even know what a bitcoin is come back in 2024 and you will find your money 10-20x at least.

agustina2

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

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?

I don't see anything wrong with your plan, win or lose.

No one knows if it will be a success. Just focus on your strategy on that plan and try to make some adjustments if needed.

I like your trading behavior since you are testing strategies by yourself compare to copying to others. You will be used to doing that until you can now face any scenario or a certain trend.

stomachgrowls

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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?

It doesnt matter on when you would exit and when you would buy as long you do able to see some progress towards your trades then keep going and just continue.

Even if you are still at lost and as you mentioned you are started to gain then that already countes.Losing is inevitable thats why you should really be wise and careful towards your actions.

Dont try to chase your losing trades but rather be careful on when you would buy when bitcoins price tends to correct or have some decrease.Yes, its hard but its manageable.

You arent the only ones having a problem in dealing volatility,We are all on the same foot when it comes to that manner.

SirLancelot

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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.

I believe that if you wait for a big fall and buy later, you will probably make a good amount of profit. Of course it is a long wait, and it is going to cause you to not be in profit too much for a long time, but when you do that and you wait for a long time, you are going to end up with a good profit years later.

Of course it is not a great situation to be in, nobody would want that, everyone would want to be in profit right away and not wait for years, but that is the best way to profit I know.

Price is at 50k+? Just wait for it to drop under 30k, even 20k if it goes there, and buy it there, and wait for few years, and it will be 100k+ eventually, that would turn your 700 bucks into 2k+ dollars for sure. Now of course there are riskier and better things but it is not really that common and I do not think that you should take risks when you do not have too much money.

TinaK

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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 current market is not bleeding so you never loss your money on next target, But if you have good knowledge you can manage all the issues. The current situation if you panic to stop your investment you loose more money in crypto platform. Because this week many coins are growing well in the market so fix the schedule and plan the target is important in trading.

Furious 7

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Don't panic too much this is not a big dump you can see the price is still stable and it's just a little correction in my opinion, I don't know if it's a loss in altcoins or other top coins because in my opinion it's the safest and it can recover your losses so far.

This is in trading everything must be taken at risk, therefore I think you are too quick to be surprised and conclude by selling the whole thing and want to say out, why is that? enough to strengthen your mentality I'm sure all of it will pass well.

sujonali1819

legendary

Activity: 2436

Merit: 1189

Need Campaign Manager?PM on telegram @sujonali1819

Yeah, after woking up today I surprised after seeing the dump. Also find a possible reason of the dump. Iy maybe for this: https://news.bitcoin.com/us-government-corporates-replacing-dollars-bitcoin/

But I don't sure it’s a valid news or just rumor. Probably rumor what I seen somewhere.

Btw if you did not exit your trade then keep it open and hope market will recover soon. (Already done though). Keep patience hope will recover your lose with profit. Good luck

Julien_Olynpic

legendary

Activity: 2562

Merit: 3477

The author most likely meant that he had not a loss but a drawdown. That is, a temporary decrease in balance. Probably the best solution would be to wait out this situation and wait for the balance to grow.
And this strategy is more like trying to jump from one train to another. Anyone who does such things will sooner or later break his legs.
If you bought a good thing at the right time, then you need to sit and not twitch. Time is working for you.

ashmodeus

hero member

Activity: 1638

Merit: 518

nah , i also quite shocked when i wake up this morning, but well ,what i can do ?, i mean , i do that on spot trading, i have no debt on margin,i have position open on lev trade. if i left some USDC on my portfolio, probably i will buy more on that morning, since basically bull still on control , still many many positive news comes , just patience and your portfolio will back for sure, or even getting bigger.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Just hold your bitcoin, and do not panic because the price will be back to the high price. You have your time to buy back bitcoin now, so you can have more bitcoin, which I am sure that can give you more profit when the price increases. I hope you can monitor the market, so you know when the price can start to grow, and I think the next day or this week can be another rally for bitcoin. You need to prepare yourself to act based on the situations, and I think you will see a chance to make a profit later.

davis196

hero member

Activity: 3164

Merit: 937

Do you mind telling us what shitcoin have you traded so far?Is this a secret?
Losing money is a big part of learning how to trade.If you are really motivated to become a day trader,then you will have lose even more money.If you can't afford to lose the rest of your trading capital,then just quit day trading,or buy BTC and just HODL.
If you want to continue day trading,maybe you should have a break and try to learn more theoretical stuff about trading.Read books,watch videos,etc.There is more than enough information about trading,that is available for free.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

If you don't want to be associated anymore with the market then just have your exit, no one will stop you from doing it. But if you don't want to exit and you see that there's more journey for you on this market then always take the profit and buy at the dips.
No extra strategies or specials, just buy low and sell high.

Hobo66

hero member

Activity: 1344

Merit: 502

You have bought at bad time Manipulation from the whales .shifted the market heavily!! And again you sold at bad time
Don’t panic when coins are in correction mode.tl That was expected in the market it will start to recover over the next 48 hours

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

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

What do you all say?

You have just begin to trade, I guess that you are newbie to trading. Trading is a step by step process, not what you can just get into. Use low amount of money at first, learn and risky low. Learning risk management is another important thing, you need to learn how to manage risk, or you will lose more than you think.

There are times the market will fail you, but there are many times you do not need stop lose or selling the unstable coin that you bought, you will need to learn how to use trading indicators, reading news and also making use of your sentimental analysis. All these will help you to know how to trade.

Each losses we experienced is an experience that will make us know how to trade better.

electronicash

legendary

Activity: 3178

Merit: 1054

you are at a loss already which i believe you have bought at high price, so why did you sell now. you said you are in the spot which means nothing is lost to you until you sell it. the only way you could earn it back if is you buy in time when the price hit the bottom. now we don't know its bottom price yet. you can just hope it would drop low to $40k because if not then you're burned.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

This day is a downtrend after yesterday's bitcoin price increase for a while. It is a good time to buy more bitcoin, and if you still have money, you can buy it now or wait for another lower price. But if you don't want to buy for more, you can hold your bitcoin and don't panic because it is a correction of the price as usual. You can analyze more to find a good price to buy bitcoin, but if you doubt that the price will be back to the high price, you don't have to force yourself to enter the market. The price will increase again, and you should not worry and only waiting for a while.

Robertshon

jr. member

Activity: 40

Merit: 2

It will pump soon. don't worry. It's correction time in the crypto market. correction is good for when the market will pump. This is normal. so don't panic. Just wait and hodl.
Read this article you will understand about correction

Article: https://coinmarketcap.com/alexandria/glossary/correction

cryptoaddictchie

legendary

Activity: 2268

Merit: 1379

Fully Regulated Crypto Casino

Actually it is. I tend to do a stop limit for my asset too bad forget to install it last night. Even got some pretty huge loss. But I'm not selling though it below my average buy price cause I know there is a time that it will go high again and all we need is patience. Not all are always win on the market sometimes we need to lose and that's normal.

If you always win and that's means your so efficient. So having a loss is typically part of trading.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Part of trading. You lose and win. That's why risk management is very important on trading. You should have a plan before entering a trade, you have stoploss, and price target and you should stick with it. Stoploss is one of the important to set always, losing $10 is better than lossing $100.

noormcs5

hero member

Activity: 2814

Merit: 618

Leading Crypto Sports Betting & Casino Platform

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?

This is called panic selling. There is no bitcoin dump its a correction which will see every now and then. This does not mean that you sell everything seeing the market taking little correction. If coins can go up 20-30% in a day, also expect them to dump to the same extent on other days.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

You might have started buying at a bad time? That or you panicked and basically just sold your coins for a lower price for some reason. Anyone would lose out when they start to panic sale so you might want to decide an exit strategy. Do some planning about what to do when you see a dump or a pump and stick to it. Don't over greed, and also don't panic. Just took a peek at the market, and judging that you lost almost 50% I'm seriously guessing that what you did was a panic sell. You bought at a probably good spot and once the price started going down you immediately sold. Might as well calm down for a few days and try out a demo wallet before returning.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

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.

Evilish

hero member

Activity: 882

Merit: 563

Bitcoin to the moon!

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

Also, an advice for future. Never panic sell, ever. It never ends well. Formulate an exit strategy at the time you make any investment and stick to it. It will do you well in the long run.

undeadbitcoiner

sr. member

Activity: 896

Merit: 272

Undeadbitcoiner Will not DIE until 1BTC=50K

First of all Be yourself clear what you are planning with your money?
You are trying to trade coin and make some extra cash every week or you want to grow your portfolio in time without trading and just investing smaller amount every week or every month.
If you are a trader than it 10-15 hours earlier was best time to sell but if you are a Hodler than its doesn't matter when you invest only thing it maters is where you invest. if you go for Bitcoin and other better project you will never loose. so now its upto you what you wanna do.
Good Luck
Happy Investing

Travel Standard

member

Activity: 109

Merit: 10

Student Coin

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?

Topic: Big Dump (Read 773 times)