Cryptocurrency Market Dip - Why You should not Panic - page 2.

Julunguul

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Quote from: Vangar on October 11, 2018, 12:15:16 PM

There have been numerous instances that the cryptocurrency market experienced a dip in value. Bitcoin and altcoins both have felt the wave, with many putting short orders on their entire balances, further pushing the crypto industry down - for the moment. This is nothing new for a volatile market such as crypto.
There is no need for investors to make mistakes of others in the past by putting everything on the line due to their fears. Control emotional trading, regularly do an analysis of the market (both tech and fundamental) and keep calm mind all the time.
If you happen to be a beginner, reading this post, give our educational pages a read to get a better grip on crypto trading through this link https://www.cryptocointrade.com/education.

however investors who just want to start cryptocurrency sometimes mistakenly choose the right steps to anticipate especially when the market is crashing, which also eventually will panic sell rather than just hold, which certainly does not know when the price will recover

Coin_trader

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Cryptocurrency Market Dip is a usual scenario, it is unusual for the beginners especially for those who just invested and then the dip came, is it really horrible to see that your portfolio decreases to 30 or 50%? It's a very fearful situation but if you are familiar with the trends history, it would not affect your trading strategy.

dunfida

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Quote from: Vangar on October 11, 2018, 12:15:16 PM

Control emotional trading, regularly do an analysis of the market (both tech and fundamental) and keep calm mind all the time.
If you happen to be a beginner, reading this post, give our educational pages a read to get a better grip on crypto trading through this link https://www.cryptocointrade.com/education.

This line might really be easy to say but wont really be easily conquered on a short period of time no matter how you do read up some guides. Experience will be the one to gradually ease this emotion
for you to become a good trader which is already aware on possible instances to be faced either on risk management and emotional problems ahead. Its not easy to say to be calm when you see
a declining price but due to your knowledge you can ease it somehow.

xuan87

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Yeah panic is not going to help and will cause more damage to your investment, slowly analyse the situation and do some research before start to do any action,this is the golden rules when when news coming out, falling price and volatility are common things in crypto because it's decentralized

LeGaulois

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No Idea why people try to make it look like a drama for the market. There is no confirmed dip, it isn't like if the price was down to $5,000. People go fast to judge in a 24h period. 4.53% from the last day.
Fragile will start to jump on their trading account selling everything they owned. The golden rule is #HOLD as usual Cool

harizen

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Quote from: Vangar on October 11, 2018, 12:15:16 PM

~snipped~

With the majority of bearish action happened this year over bulls, does panic still dominates the emotion of a certain trader until now? Excluding newbies, I mean they should be used to this kind of dip. For an experienced trader, there should be no such thing as panic mode with the recent dip. And if the purpose is long term holding, then at most of the cases, this kind of dip should be ignored.

Anyways OP got me and now Im belong as one of the site visitor. Cool

reflector

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Most of the peoples are known it was a casual dip so I do not panic in any situation. But main reason is trading is the only way to make more earnings in this platform. So it was a big support in bearish trend and lot of day traders are make good earning in this dip. May be end of the year we expect some gradual raise in cryptocurrency and I hope all the panic investors are again participate in crypto investment.

pawanjain

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Nothing lasts forever

The current market is not so worse when compared to the bearish market that took place in the beginning of the year.
The market is indeed volatile and the recent dump is not so big after all. Bigger dips has taken the crypto market by storm and I believe it provides a better stability to the coin. Bitcoin has been increasing slowly since the bottom and a minor correction was expected from it.

Vangar

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There have been numerous instances that the cryptocurrency market experienced a dip in value. Bitcoin and altcoins both have felt the wave, with many putting short orders on their entire balances, further pushing the crypto industry down - for the moment. This is nothing new for a volatile market such as crypto.
There is no need for investors to make mistakes of others in the past by putting everything on the line due to their fears. Control emotional trading, regularly do an analysis of the market (both tech and fundamental) and keep calm mind all the time.
If you happen to be a beginner, reading this post, give our educational pages a read to get a better grip on crypto trading through this link https://www.cryptocointrade.com/education.

Topic: Cryptocurrency Market Dip - Why You should not Panic - page 2. (Read 364 times)