Topic: From trader become holder because the market is crashing - page 3. (Read 608 times)
Many traders in 2018 repurposed and became long-term investors, because they did not sell their coins at a high price, expecting further market growth. The same thing happened after the last dump, when traders did not sell the coins and are now waiting for the market to recover. But now there is no consensus on where the market will go in the near future.
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When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high.
It was a disaster to traders which haven't experience it before or unaware about the volatility of the crypto currency market because it was the time to re-strategy.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
This is the reason why people are advise to know the risk involve in crypto investment/trading and trader with good experience in coin selection won't make any lost if she could keep her holding till another bullish market.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.
The market will rise again but it hard to tell if the bullish market is not over. In my honest opinion, holding for long has become a better strategy than trading these days. Also, it's a common thing in the crypto market.
It is because the prices are really low and you can't afford to sell bitcoin with its high prices, you might want to hold on to it because you will never know what happens next.
In my honest opinion, holding for long has become a better strategy than trading these days. Also, it's a common thing in the crypto market.
It is because the prices are really low and you can't afford to sell bitcoin with its high prices, you might want to hold on to it because you will never know what happens next. 
For traders/investors who already been here for years they know the best decision to commit in times like this. The market is high volatile thats why its inevitable to witness a situation wherein most of our coins are losing its value temporarily.
Thats why its a must to fill our minds first with knowledge on how crypto works to be aware of the possible scenarios that can occur and be prepared as well.
Keep holding and dont panic, in time, all your efforts will be worth it once the bullish market hits us again.
Unfortunately there has been a huge hype that caused a ton of new people that joined who do not make any research at all and only invest into coins that they read in other places. That is the type of problem that we are facing right now because we do not end up with people who research but only just hear from others and hear from telegram groups etc etc about a token and they end up putting all their money into that coin/token.Thats why its a must to fill our minds first with knowledge on how crypto works to be aware of the possible scenarios that can occur and be prepared as well.
Keep holding and dont panic, in time, all your efforts will be worth it once the bullish market hits us again.
Why would they do that? I have zero clue what is the logic behind someone reading "this coin will go super high!!!" on some telegram group and believe that and invest into that, like that is as terrible decision as it gets but somehow they still do it. This is why I think we are facing with the huge drop we are facing now, those same people run away as soon as they see the price going down, which triggers a crash.
If you are not doing leverage trading there is no reason to cutloss unless you know where is the bottom and buy at that price so you will have more quantity of that altcoin or bitcoin. Market will always recover from its crash, it is up to us if we have strong hands to hodl and not let our emotion affect by the fuds causing us to panic sell our holdings. Market crash only happens when many many fuds keep spreading together with some whales selling their holdings for profit.
Are you kidding? There is always a reason to cut loss with or without leverage trading. The only time you would never "cut losses" is if you are a super long term hodler like most of us. Then you do not trade,,, do not even really follow the market,,, just wait for a good time to liquidate and include more in your portfolio when you have spare cash.
As a trader you cannot afford to think like you and think crashes will always recover:)
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.
Well, you can still be a day trader at this time and be cashing out even when the price is low. Yup, that’s the truth. I might be that good and I don’t know how they are doing, but I have friend who is always buying cryptocurrencies and trading them without minding whether the market is down or high, and he’s always making profit. When the market is generally down like this or up, it still makes some small up and down movement and traders are taking advantage of that, and they are trading daily and setting their own rates and making profit.So, it’s not like this is the end. But if you’re not good at that, just do what works for you, it can be HODL, as long as you’re ready to go for it and wait for increase to sell.
In my honest opinion, holding for long has become a better strategy than trading these days. Also, it's a common thing in the crypto market. People have bought some of the coins at their all-time high price and there is no other way to hold them for some time to make a profit. I am a holder from years and traded very little as I was not good with predictions.
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.
For traders/investors who already been here for years they know the best decision to commit in times like this. The market is high volatile thats why its inevitable to witness a situation wherein most of our coins are losing its value temporarily.Thats why its a must to fill our minds first with knowledge on how crypto works to be aware of the possible scenarios that can occur and be prepared as well.
Keep holding and dont panic, in time, all your efforts will be worth it once the bullish market hits us again.
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.
good mindset mate.. Because making exit while have loses isn't a good idea actually in my opinion also, wherein if you do that there's no way you can regain all of your profits that disappear during the crash and for sure you will regret that if you saw market suddenly bounce back. So its always good to stay calm and wait for the recovery, it takes time actually but too good to be true because this isn't the end. 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.
If you are not doing leverage trading there is no reason to cutloss unless you know where is the bottom and buy at that price so you will have more quantity of that altcoin or bitcoin. Market will always recover from its crash, it is up to us if we have strong hands to hodl and not let our emotion affect by the fuds causing us to panic sell our holdings. Market crash only happens when many many fuds keep spreading together with some whales selling their holdings for profit.
I don’t think it will be a disaster, only for those who went into debt and bought bitcoin at 50-60 thousand, at the peak. This was the case before, when the peak of bitkion was 20 thousand.
In addition, there are several options for the development of events, either crypto winter or growth, everything depends on how bitcoin behaves now.
You know this is the problem of most people because once they've heard or seen that Bitcoin is in bull run they just dive in without knowing what is happening in the market. I guess they never look at the chart since the price of Bitcoin from last year was cheap enough compared to the price when it touches the ATH.In addition, there are several options for the development of events, either crypto winter or growth, everything depends on how bitcoin behaves now.
FUDs are everywhere so I guess there's no way they wanted Bitcoin to break that $64k resistance. Plus the chart is actually telling that we will be soon going to bear if this downfall and FUD continue. The only reason it holds is $30k is quite a strong support here but once it's break we will gonna see a massive dump again and we might be back to the price like last year.
And that will cause some bitcoin or crypto haters, for those new users who bought at around 50-60k. They thought that it will continue to increase and get their huge profits. It may increase again, but reaching the 50-60k level may take time. It is holding the 30k price range because of the adoption that we have now. There are so many institutions that are already involved as well as known individuals that keep on buying and holding btc. Unlike in previous years, the adoption today is quite stronger.
I don’t think it will be a disaster, only for those who went into debt and bought bitcoin at 50-60 thousand, at the peak. This was the case before, when the peak of bitkion was 20 thousand.
In addition, there are several options for the development of events, either crypto winter or growth, everything depends on how bitcoin behaves now.
You know this is the problem of most people because once they've heard or seen that Bitcoin is in bull run they just dive in without knowing what is happening in the market. I guess they never look at the chart since the price of Bitcoin from last year was cheap enough compared to the price when it touches the ATH.In addition, there are several options for the development of events, either crypto winter or growth, everything depends on how bitcoin behaves now.
FUDs are everywhere so I guess there's no way they wanted Bitcoin to break that $64k resistance. Plus the chart is actually telling that we will be soon going to bear if this downfall and FUD continue. The only reason it holds is $30k is quite a strong support here but once it's break we will gonna see a massive dump again and we might be back to the price like last year.
I don’t think it will be a disaster, only for those who went into debt and bought bitcoin at 50-60 thousand, at the peak. This was the case before, when the peak of bitkion was 20 thousand.
In addition, there are several options for the development of events, either crypto winter or growth, everything depends on how bitcoin behaves now.
In addition, there are several options for the development of events, either crypto winter or growth, everything depends on how bitcoin behaves now.
Yep. It's useless to cutloss now since the market already bounce back from the massive dip. Setting up stoploss is the key to prevent this kind losses. It will recover slowly again over a months if this side ways continue without further more dip. Holders will win on this market.
Doesn't really agree with Holders winning this market. Expert traders who knows the 2018 bitcoin crash that use stop losses still won as they analyze the market well and where to buy back on the dip. Imagine two scenarios: having your position on 54K and you cut at 50K then bought back at 31K, and Holding your bags from 49K, who's the real winner? Holding is definitely fine especially if your day to day profit making isn't trading alone. BUT, Holding should still has its limits. Why? Yes, Bitcoin price and even any cryptos that were affected by the crash is still going up regardless of the dip, but the time you wasted holding such coin instead of buying it back more in the dip still is a bigger loss than cutting it loss every time you set a position.
A wise trader knows when to cutloss. But a wise investor or holder knows that crashes are common. Nonetheless, where are we when the March 2020 crash came? Have we considered holding any coins from that crash? I guess many of us not. We're just mere traders who needs to learn more to use stoplosses at any trend of the market.
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.
being trader does not mean you will continue to Buy and sell because there must be a change of Strategy coz i do this some time specially in moment like this.remember that when we are buying we must be ready in holding because the price wont always come towards our target but not unless we are willing to sell at losses then we can keep the coins instead.
what is clear is that being a trader requires flexibility because we know for ourselves the market volatility so we have to make new strategies,
but somehow I think it depends on individual decisions
leaving us in no choice position on where we do end up on holding rather than on making active trades if we knew that we are still on negative.Its insensible for you to make such step because that would
really be worsen up the situation this is where you would be leaving no choice but to deal on the current situation you are in.Thing here is that you do able to handle up yourself
even on a hard situation.
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.
being trader does not mean you will continue to Buy and sell because there must be a change of Strategy coz i do this some time specially in moment like this.remember that when we are buying we must be ready in holding because the price wont always come towards our target but not unless we are willing to sell at losses then we can keep the coins instead.
what is clear is that being a trader requires flexibility because we know for ourselves the market volatility so we have to make new strategies,
but somehow I think it depends on individual decisions
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.
being trader does not mean you will continue to Buy and sell because there must be a change of Strategy coz i do this some time specially in moment like this.remember that when we are buying we must be ready in holding because the price wont always come towards our target but not unless we are willing to sell at losses then we can keep the coins instead.
In crypto trading, I try to use stop loss and buy again in lower price, but my mistake I did use stop loss for second trade and then the price keep going down. At the moment no other way, just hold until the price rebound. I do not cut loss it because from my analysis, crypto market has big chance still in the bullish season. I dont believe the altcoin season has short periode, other smart money will see this dip and the price will up again.
I personally like trading. This huge crash make me Holder.
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