From trader become holder because the market is crashing

LUCKMCFLY

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Quote from: boyptc on June 03, 2021, 12:32:08 PM

Quote from: abel1337 on June 02, 2021, 04:49:55 PM

Quote from: boyptc on June 02, 2021, 02:22:58 PM

Quote from: LUCKMCFLY on June 02, 2021, 11:49:46 AM

For now the best option to operate is to do HODL, no matter how much BTC can go down, it is presumed that all the FUD that is being given in social networks saying that BTC can go down much more, it is a trap that the whales are riding, reading this article made me corroborate:

Yes.

It's better to hold as much as we can because all of that news that is only bringing FUD is being used to make everyone panic and sell their bitcoins.

And later on, they can no longer buy back because the price has recovered well but if they do, they've just lost a portion of their bitcoin upon buying it back because the price has changed already.

Sometimes market crashes only to test if we believe in bitcoin, there are some big movements that shake weak hands to create a chance for others to buy some. I've been a victim of fud many times and I have learned one thing, Don't sell bitcoin if I'm at a loss.

I've tried selling to buy at the lowest but it doesn't work for me at all, So I decided to not sell bitcoin and look at me now having no loss because I didn't sell my bitcoin. I don't want my 2018 market crash experience to happen again that I sold my bitcoin for an unsatisfactory price.

That is a must.

Don't sell bitcoin if we're at loss and that's a bad decision that has been done many times not only by the newbies but people like you and me.

I've done that too years ago and didn't do it again because we shouldn't really sell at loss, we don't sell just because we're forced to do it.

Many investors show a lot of intelligence when buying in the fall, on these occasions I trust the S2F model a lot, which predicts that BTC can reach $ 100k and then its next target can be located at $ 288k, although it is a model prediction. and it may have some flaws, but globally it is one of the most accepted elos, of course each person, investor, trader has his way of seeing the market and many can say that it is a fallacy, but when seeing the technical and fundamental of this S2F model really convinces me.

Hippocrypto

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Quote from: sayaya17 on May 21, 2021, 08:00:34 PM

When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.

Hopefully this will be happening even if fuds still lingering on every persons mind right now, and as I get to expect better for bitcoin the more it's getting worst. However, it's not the end of everything yet there's always a good chance as long as we keep holding our asset for good. We can't please everyone's heart and motivate them just like as we thought about it, but showing the best examples for those who were broken will be the greatest achievement for now.

harizen

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A trader can't become a fully good and experience one if they will only encounter a purely bull market.

The current trend is a good testing phase if how their respective strategies will help them cope up with the situation and "hodling" is part of that.

The next time the same scenario happens, somehow, traders will know how to deal with it and will do some necessary actions that they didn't do before. Building experience is always the key as losses can't be avoided in most cases while dealing in the crypto market.

milewilda

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Quote from: wxa7115 on June 07, 2021, 04:11:00 PM

Quote from: VanDeinsberg12 on June 01, 2021, 01:16:33 AM

I mean, there is nothing wrong with that, you can scalp and make recovery to make up for your losses (risky i know)

but i'm myself as a former trader gonna start accumulating on the way to bottom and trust me, history has shown the winner is the people who bag hold so hard they turned their losses into massive profit.
IMO trading in crypto usually have less profit but higher risk from my point of view, holding is a lot worth it, free you from the stress a little bit and let u enjoy your life more.

Just remember that what you are saying only really applies to bitcoin, holding any altcoin especially one that is new to the market is probably one of the worst things that you can do.

And we have an abundant amount of examples of this, during the 2017 run almost any altcoin was going up in value, after the crash many decided to hold their coins and with the exception of a few altcoins like ethereum the rest of the coins never recovered and there is no hope they will ever do, as such you need to be careful with the coins you decide to hold.

You would really be ending up on holding if you are careless on what coin you are tending to buy and its true that this market had spammed out lots of shitcoins or totally non relevant coins where it is really risky if you do decide to buy without any basis.When you do become a holder then it doesnt matter as long you are holding bitcoin on where its price could potentially rise up in the future because we have seen on how many times this bitcoin price had plummet down into those levels on where lot had believed that it cant really be recover but bitcoin do prove it wrong.

wxa7115

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Quote from: VanDeinsberg12 on June 01, 2021, 01:16:33 AM

I mean, there is nothing wrong with that, you can scalp and make recovery to make up for your losses (risky i know)

but i'm myself as a former trader gonna start accumulating on the way to bottom and trust me, history has shown the winner is the people who bag hold so hard they turned their losses into massive profit.
IMO trading in crypto usually have less profit but higher risk from my point of view, holding is a lot worth it, free you from the stress a little bit and let u enjoy your life more.

Just remember that what you are saying only really applies to bitcoin, holding any altcoin especially one that is new to the market is probably one of the worst things that you can do.

And we have an abundant amount of examples of this, during the 2017 run almost any altcoin was going up in value, after the crash many decided to hold their coins and with the exception of a few altcoins like ethereum the rest of the coins never recovered and there is no hope they will ever do, as such you need to be careful with the coins you decide to hold.

anti-dot

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Quote from: VanDeinsberg12 on June 01, 2021, 01:16:33 AM

I mean, there is nothing wrong with that, you can scalp and make recovery to make up for your losses (risky i know)

but i'm myself as a former trader gonna start accumulating on the way to bottom and trust me, history has shown the winner is the people who bag hold so hard they turned their losses into massive profit.
IMO trading in crypto usually have less profit but higher risk from my point of view, holding is a lot worth it, free you from the stress a little bit and let u enjoy your life more.

This is a very tough statement. I can tell you for some coins I used to be a brutal holder and it killed many of paper profits. Some of them never recovered. Even the biggest investors of our times say that among the biggest mistakes investors make is to hold forever and never act at all.

You are right though talking early investors in Bitcoin and Ethereum, but they would be out of their mind if they didn't sell any while buying at cents.

boyptc

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Quote from: abel1337 on June 02, 2021, 04:49:55 PM

Quote from: boyptc on June 02, 2021, 02:22:58 PM

Quote from: LUCKMCFLY on June 02, 2021, 11:49:46 AM

For now the best option to operate is to do HODL, no matter how much BTC can go down, it is presumed that all the FUD that is being given in social networks saying that BTC can go down much more, it is a trap that the whales are riding, reading this article made me corroborate:

Yes.

It's better to hold as much as we can because all of that news that is only bringing FUD is being used to make everyone panic and sell their bitcoins.

And later on, they can no longer buy back because the price has recovered well but if they do, they've just lost a portion of their bitcoin upon buying it back because the price has changed already.

Sometimes market crashes only to test if we believe in bitcoin, there are some big movements that shake weak hands to create a chance for others to buy some. I've been a victim of fud many times and I have learned one thing, Don't sell bitcoin if I'm at a loss.

I've tried selling to buy at the lowest but it doesn't work for me at all, So I decided to not sell bitcoin and look at me now having no loss because I didn't sell my bitcoin. I don't want my 2018 market crash experience to happen again that I sold my bitcoin for an unsatisfactory price.

That is a must.

Don't sell bitcoin if we're at loss and that's a bad decision that has been done many times not only by the newbies but people like you and me.

I've done that too years ago and didn't do it again because we shouldn't really sell at loss, we don't sell just because we're forced to do it.

Fatunad

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Quote from: pilosopotasyo on June 02, 2021, 05:28:47 PM

Quote from: sayaya17 on May 21, 2021, 08:00:34 PM

When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.

This situation hurts us, we did not expect this to happen two months ago we expect the market to rise until the end of this year, not fall and stop making a profit if we have the patient we can continue our alts and wait for a better time to sell them or cut our losses, I don't recommend to cut losses either because we are still in the bull trend, and it's too early to cut our losses, let's see what the month of June bring us.

Proves out this market is really unpredictable and you shouldn't really expect that market would continually rise up because market doesn't really work that way.
If you do end up on become a holder then that's not a problem because you can always wait up and you wont lose nothing as long you don't able to sell your
coins which you can always opt on holding it instead and make some buybacks when prices are cheap.Opportunities like these doesn't really come often
this is why you should be wise on making decisions for you to benefit out when the market tends to make some shift.

pilosopotasyo

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Quote from: sayaya17 on May 21, 2021, 08:00:34 PM

When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.

This situation hurts us, we did not expect this to happen two months ago we expect the market to rise until the end of this year, not fall and stop making a profit if we have the patient we can continue our alts and wait for a better time to sell them or cut our losses, I don't recommend to cut losses either because we are still in the bull trend, and it's too early to cut our losses, let's see what the month of June bring us.

adzino

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Sure, you should become a holder when the price crashes unless you on purpose would like to lose money. If you think you can't stomach the price drop, then just sell it. Don't lose your sleep and ruin your health over your investments. It is sometimes good to sell when you can no longer hold. Remember, health is more important than your money. And you should already be able to afford the loss since you were supposed to invest money that you were able to afford to lose. While holding, if you have extra money, you take try trading during the crash as the market tends to be very volatile. Risky, but good profit.

crzy

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Quote from: boyptc on June 02, 2021, 02:22:58 PM

Quote from: LUCKMCFLY on June 02, 2021, 11:49:46 AM

For now the best option to operate is to do HODL, no matter how much BTC can go down, it is presumed that all the FUD that is being given in social networks saying that BTC can go down much more, it is a trap that the whales are riding, reading this article made me corroborate:

Yes.

It's better to hold as much as we can because all of that news that is only bringing FUD is being used to make everyone panic and sell their bitcoins.

And later on, they can no longer buy back because the price has recovered well but if they do, they've just lost a portion of their bitcoin upon buying it back because the price has changed already.

The price gets better today so if you have weak hands, you’ll miss so many opportunities and better not to panic at all because crypromarket will always recover in time just like the whales said. FUD was intended to spread so the market corrects and it happened, if you are trap that’s alright just be patient for the market to recover, it may take time but its worth it.

abel1337

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Quote from: boyptc on June 02, 2021, 02:22:58 PM

Quote from: LUCKMCFLY on June 02, 2021, 11:49:46 AM

For now the best option to operate is to do HODL, no matter how much BTC can go down, it is presumed that all the FUD that is being given in social networks saying that BTC can go down much more, it is a trap that the whales are riding, reading this article made me corroborate:

Yes.

It's better to hold as much as we can because all of that news that is only bringing FUD is being used to make everyone panic and sell their bitcoins.

And later on, they can no longer buy back because the price has recovered well but if they do, they've just lost a portion of their bitcoin upon buying it back because the price has changed already.

Sometimes market crashes only to test if we believe in bitcoin, there are some big movements that shake weak hands to create a chance for others to buy some. I've been a victim of fud many times and I have learned one thing, Don't sell bitcoin if I'm at a loss.

I've tried selling to buy at the lowest but it doesn't work for me at all, So I decided to not sell bitcoin and look at me now having no loss because I didn't sell my bitcoin. I don't want my 2018 market crash experience to happen again that I sold my bitcoin for an unsatisfactory price.

boyptc

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Quote from: LUCKMCFLY on June 02, 2021, 11:49:46 AM

For now the best option to operate is to do HODL, no matter how much BTC can go down, it is presumed that all the FUD that is being given in social networks saying that BTC can go down much more, it is a trap that the whales are riding, reading this article made me corroborate:

Yes.

It's better to hold as much as we can because all of that news that is only bringing FUD is being used to make everyone panic and sell their bitcoins.

And later on, they can no longer buy back because the price has recovered well but if they do, they've just lost a portion of their bitcoin upon buying it back because the price has changed already.

LUCKMCFLY

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For now the best option to operate is to do HODL, no matter how much BTC can go down, it is presumed that all the FUD that is being given in social networks saying that BTC can go down much more, it is a trap that the whales are riding, reading this article made me corroborate:

Quote

Bitfinex traders once again bet big at the December 2018 and December 2019 bottoms correctly. It was only Black Thursday that these whales were wrong, but the black swan event shocked the world and no one saw it coming.

The last time longs were this heavy, Bitcoin price rallied from $12,000 to $64,000 in less than one year. With these whales back taking such a sizable long position, is in indicative of a bounce and new highs? Only time will tell, but we’ll keep watching whale behavior closely.

Source: https://bitcoinist.com/whale-watching-bitcoin-long-positions-near-all-time-high/

I think that it is a great opportunity that is presenting itself now, although the uncertainty of the market can be resolved with a big pump, we cannot forget that all these analyzes can be invalidated if another fall in BTC occurs, which can occur, but the recovery will be imminent.

jaberwock

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Quote from: VanDeinsberg12 on June 01, 2021, 01:16:33 AM

I mean, there is nothing wrong with that, you can scalp and make recovery to make up for your losses (risky i know)

but i'm myself as a former trader gonna start accumulating on the way to bottom and trust me, history has shown the winner is the people who bag hold so hard they turned their losses into massive profit.
IMO trading in crypto usually have less profit but higher risk from my point of view, holding is a lot worth it, free you from the stress a little bit and let u enjoy your life more.

I have to advice that if you haven't scalp before and made those quick tiny moves for arranging your price lower, that could be a very risky stuff and could take a while, I would prefer if we did not do that at all. I think the best way to do something like this would be to make a profit by holding, and just keep holding, becoming a holder is still a great thing if you trust that crypto will go up once again.

I am not a trader but I am doing the same thing as you do, I am just getting more and more because I trust bitcoin to go up so there is nothing to worry about here, the transaction fee is a bit of a problem, every time you want to buy you put in some fiat and buy bitcoin and put it on wallet, that takes like nearly 50 bucks for me when all said and done, this is with bank charging me for sending, then exchange charging me commissions, then transaction fee as the highest. Aside from that cost, I am quite happy with the current situation.

VanDeinsberg12

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I mean, there is nothing wrong with that, you can scalp and make recovery to make up for your losses (risky i know)

but i'm myself as a former trader gonna start accumulating on the way to bottom and trust me, history has shown the winner is the people who bag hold so hard they turned their losses into massive profit.
IMO trading in crypto usually have less profit but higher risk from my point of view, holding is a lot worth it, free you from the stress a little bit and let u enjoy your life more.

rhodelmabanal

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Well i think it is optional you can still trade at loss or hold till the price rise back and earn. It is really risky if we invest in crypto because it is high on volatiliy but it is all about time and patience when we saw market is down we can feel sad but when the price goes up we can be happy that was greed sometimes we loss because we are greedy or lack of patience the best option is hold but because of greed holding is really hard.

molsewid

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Quote from: Xinarae* on May 28, 2021, 10:20:50 PM

You need to take risks to invest in the crypto market it is not possible to invest without risk. Even if the market crashes you have to keep investing the right time to buy when the price of currencies falls a trader is facing stiff competition because there are already hundreds of competitors in the market already starting the same business. Although the risk factor is low because he walks a path that has already been tested by competitors so the chances of failure are relatively low so you have to wait until the price goes up the reason for going down is that it will go up again.

You can't earn a profit from trading or even investing in cryptocurrency if you will not going to take risk, it is so impossible for a crypto market to being not risky because it is so impossible. I am also a trader and yeah from a trader become a hodler as of now because of the recent crypto market crashed. I just don't do any panic selling every market crashed, i just learned to wait for another good time to trade since I just see that crypto market are now slowly but surely recovering already.

Luqman

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Actually, we can still be a trader if we are brave to cut loss a few coins. But I will also think multiple times to dot his because it is too late to cut loss. Well, personally I also become a holder because of this dip market. However, I always check whether there are some coins that have reached a little but increase and not too deep to sell. ANd then use the funds to trade again during this dip.

Asuspawer09

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Quote from: sayaya17 on May 21, 2021, 08:00:34 PM

When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.

Luckily I sold at the right time and able to get out some of my investment and convert it to USDT and most of it is invested in NFT's because I think it's the way to avoid dumping the market.

I've just bought back bitcoin around 30k$ market price and to be honest at this time for sure the pump will surely gonna reach higher, what I mean is bitcoin is gonna surpass 100k$ the next time the market is gonna pump so probably I'm not gonna sell any of my investment unless it reaches that market price of even more.

Crashing is always a part of the market so as soon as possible I always take profit, It is going to recover soon and probably faster than you think since the community is a lot bigger than before.

Topic: From trader become holder because the market is crashing (Read 608 times)