From trader become holder because the market is crashing - page 4.

Sirait

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Quote from: Rengga Jati on May 22, 2021, 02:15:17 PM

This condition is exactly true and I personally also experience the same. It is too late to cutloss because the price crashes so suddenly and very deep. And now the balance is dropped 50% amd if I sell it now, fix I loose the money. So, it sis better to hold them.

^ hold your coins when you are late to cut losses during a bearish market, selling will only add to the loss. We don't know how long the bear market will be with us, waiting for market conditions to recover is the best solution.

hold = no loss

CryptopreneurBrainboss

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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.

In a bear market sentiment, you can do two things. Either you just hold through the bear by becoming a holder irrespective of how badly hurt you're in regards to your portfolio or you use this opportunity as a backbone for trading and increasing yor portfolio size in regards to the numbers of coins you own.

Holding won't increase your coins quantity but trading would, seized the opportunity of the volatility nature of the market and buy when the market are low then take profit at the bounce in anticipation of another dip that you shall renter the market and secured your position.

Don't engage in this act if trading if you don't have the necessary skills in trading as it'll only end in more losses instead just hold and you'll be fine.

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Quote from: dunfida on May 24, 2021, 04:59:23 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.

As long you dont sell then that wont consider to be a lost and also we do always have the chance to break even when the market starts to recover and we are seeing it as of this moment.

Its non deniable that traders do end up on becoming holders because of some unavoidable circumstances or situations like this but is it considered to be bad?
Its just normal for us to seek out for other ways just to protect our capital as much as we can.

Crashes do happen from time to time and at least we do have the option on what to take to save up ourselves.

sometimes traders still use their feelings to trade. I think in current conditions, personal analysis and firm action is very important. maybe if we are still analyzing the downtrend, we can cut some or all of it and wait for the price in the area we plan to buy back, and of course there are risks involved in our actions, and we must be prepared for that.

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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.

As long you dont sell then that wont consider to be a lost and also we do always have the chance to break even when the market starts to recover and we are seeing it as of this moment.

Its non deniable that traders do end up on becoming holders because of some unavoidable circumstances or situations like this but is it considered to be bad?
Its just normal for us to seek out for other ways just to protect our capital as much as we can.

Crashes do happen from time to time and at least we do have the option on what to take to save up ourselves.

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Quote from: Rengga Jati on May 22, 2021, 02:15:17 PM

This condition is exactly true and I personally also experience the same. It is too late to cutloss because the price crashes so suddenly and very deep. And now the balance is dropped 50% amd if I sell it now, fix I loose the money. So, it sis better to hold them.

This time is not for trading, maybe take this as a break to focus into other things and just hold till the market recovers but before taking some break better check if there are an altcoins thst can keep during this bearish season since there are altcoins that are not good in holding long term and may not survive during this deep.

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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.

It should be expected that there's nothing that lasts going up forever. It has to go down for it to correct before it goes up again.

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

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.

They can cut losses for them to maintain their position as that's a normal strategy and plan whenever the market goes on a push downwards.

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

So believe me, the bitcoin price will back up again and altcoins price will rise again.

For bitcoin yes. But not for all altcoins.

Issa56

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From the little experience am having I believe the best thing every trader can do now is just to hold there coin because almost all coin are already down by atleast 30% so you don't have to sell at lost just hold and believe me very soon bitcoin will definitely bounce back. Must people don't really expect the dump and the worst thing you can do currently is just to hold and if you are having extral cash you can be using that to trade and wait for the other coins to bounce back.

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Many traders are into holding at this very point of time due to market crash or price declination of cryptocurrencies existing in the market. Cutting losses will not be a good move to be done right now for you are just taking down the possibility of you to regain it once the price bounces back once again. This is just a normal scenario in the market and this always comes in any point of the year so we must just get along and do not get afraid just because we are seeing the market bleeding in red. Just hold it for a while for it will be just temporary because it will bounce back in no time.

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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.

That's true. But I want to leave my thoughts here.
I am a btc futures trader. And I find an extreme solution that helps you exit with minimal loose.
I made an order just for 25% of my deposit. And if I get on the wrong side - I decide to make another 25% order. As a result, my entry price is getting closer to my current price.
However that's extremely risky.

But it helped me get from a long position after the btc price crashed to 30k.

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Quote from: Rengga Jati on May 22, 2021, 02:15:17 PM

This condition is exactly true and I personally also experience the same. It is too late to cutloss because the price crashes so suddenly and very deep. And now the balance is dropped 50% amd if I sell it now, fix I loose the money. So, it sis better to hold them.

Same dude, I think almost all traders experience it if they don't have time to sell it because the price suddenly drops more severely, what can we imagine, if we cut the loss by 50% it is ridiculous and more precisely we hold that only that can recover so I think this will be my insistence that I will hold on to it even though I feel itching to sell because the asset drops 50%.
At least I have to go back on the main investment so that it doesn't become a big loss and indeed this will be a continuous crash.

Rengga Jati

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This condition is exactly true and I personally also experience the same. It is too late to cutloss because the price crashes so suddenly and very deep. And now the balance is dropped 50% amd if I sell it now, fix I loose the money. So, it sis better to hold them.

Review Master

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TBH, everytime market teaches us through correction and we're just on that phase. Indeed, it'll be a bad decision to cut losses as this type of correction also happened in previous bull season. So market will sure to rebound from this position and only diamond hand hodlers will be survive from this correction and panic users will lag behind.

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Quote from: udidrone on May 22, 2021, 10:34:42 AM

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.

If me, i will hold. Because i think hold is one of many strategies that we use in trading activity. And one basic thing in trading which is not use all money in same time, can help us to trade other coins to recover our loss while wait coins that we hold to increased again. Cut lose is used if there are no other way that we can use when we lose.

As an investor the last option is to keep hodling and watch how event unfold selling at this point amount to incurring losses that can be recoup if the price bounce back and by dumping will result to crashing the price, for traders I expect every experience trader to deploy the use of stop-loss in order to minimize risk, meanwhile experience traders always make profit irrespective of the market sentiment whether bullish or bearish with a working strategy that is why it is imperative for every crypto enthusiast to have some basic knowledge of trading.

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It takes the strong mind to practice holding as the market had gone red all through to both altcoin too, this incidence had cause many to become hodler that's why it's best to always use spare money as well as affordable capital to loose when entering trades.

Quote from: joniboini on May 22, 2021, 07:36:30 AM

Honestly, I think the decision to cut loss or not depends on what coins you trade. If they are some garbage coins then holding is a no-no for me. If it were me, I'd sell all of those garbage coins and rebalance my portfolio to focus on the top 10 coins that will rebound faster when the time comes.

Yeah, I respect your idea bro, most of the altcoins were just pump and dump and I think they will eventually takes longer time to wake up if at all they will do that. I have personally believed that coins listed on Binance are all good coin even if the market had fallen drastically on them, these set of coins are prone to waking up perfectly when the market resumes from her correction.

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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.

You are right, now is not the best time to trade or sell your cryptocurrency. The fact is that the fall in prices for cryptocurrencies was earlier, and as a result, prices returned to their positions and even went higher. If you are panicking now, then it is better not to enter the market, but just wait out a few days. In such critical moments, it is really better to become a holder than a trader.

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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.

For holders in the market of cryptocurrencies losses like that are completely acceptable and should not be a cause of concern but if you are really a trader losses like that are going to be enough to eventually bankrupt you.

Most books about trading recommend to only risk at most 2% of your capital on a single trade, anyone losing more than that is taking a risk so high that only a handful of trades are necessary for him to go bust, and no matter how good your system really is sooner or later this is going to happen to you.

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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.

If me, i will hold. Because i think hold is one of many strategies that we use in trading activity. And one basic thing in trading which is not use all money in same time, can help us to trade other coins to recover our loss while wait coins that we hold to increased again. Cut lose is used if there are no other way that we can use when we lose.

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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.

Real traders have their own Cut loss and they'll execute it no matter what, not unless you are not prepared to lose money then you tend to become a hodler. Traders will always play by the rule, we are not buying on a overbought market, we always wait for its to correct and now is the right time for that. Imaging you cut loss at the level of $40k and buy back at the price of $30k, you made a good profit in just a 2 days after doing that, this should how the traders think, always focus on your strategies no matter what's the market condition, you have to find ways to keep on winning.

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As your topic implies trader becomes holder! To be sincere that's my state right now. When the market was in a good condition I got good spot bags which was actually doing very fine, and also got an account for trading as well, got positions which where already in profit and also got good equity to sustain my account if the trade turns out to incure lost, so I got busy with stuff offline, later coming back to see the disaster which has already happened, I saw my trading account gone because the coins I had as collateral has been slashed into three and the trades got to incure more losses which led to my account being liquidated and my spot bags looking so Lin, I had no choice but to hold on to my spot bags till the market retrace to the top.

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It's like 2018 all over again. Not surprised to see a lot of people get fucked up since whales and big players are starting to play their game and short everything to get a better position on making money for the next leg up. It sucks of course. My portfolio just gets crushed on the last dump but that is within expectations.

Honestly, I think the decision to cut loss or not depends on what coins you trade. If they are some garbage coins then holding is a no-no for me. If it were me, I'd sell all of those garbage coins and rebalance my portfolio to focus on the top 10 coins that will rebound faster when the time comes.

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