From trader become holder because the market is crashing - page 5.

cheezcarls

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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.

Being a day trader during the bearish market is actually risky (unless you know how to short in futures or margin trading). It’s better to be a long term holder in these promising coins like Bitcoin, Ethereum, Cardano, BNB, etc. Diamond hands win! I believe that we are going to be back on the bull run in the near future because we’ve been in this situation before, so hang on guys!

Alucard1

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So basically when you have bought at the highest value $60k then you already have lost 50% of your portfolio, so the best thing to do for now is just keeping holding, we will not lose our money if we are not weak hands, we shouldn't sell our bitcoin just because it keeps on going down, well, in fact, it can still recover. In some cases, some people are looking for this time or for this dip because they are about to buy some more to for investment, this dip will not last for too long and bitcoin will reach again $60k.

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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.

Don't easily cut-loss your asset especially when market conditions are like this time...

just hold on because there will definitely be a moment to go back up, I learned from the market bearish experience in 2018, and now I have more confidence in the price of Bitcoin will go up again.

GreatArkansas

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A trader without stop-loss seems not a "trader".
To be honest, this is one of the most problems of current traders these days. If you do a trade or open a trade position, why don't put your stop loss/price target?
Cutting your loss will help you to preserve your capital.

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Well, not often but sometimes it really be going to happen and I have that the same experience in the past.

Because in trading, it is not all about buying and selling, HOLDing is a part of it. And why we have to hold? Just like you have said, you can't sell your crypto at a low price, yeah, it is to find ridiculous if you will sell it since you know that you will lose. So, the last option is to hold and but of course, you will need to check the market if that still has the possibility to recover otherwise, you are will wait until the next Bullrun.

Kittygalore

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Quote from: Coin_trader on May 21, 2021, 08:22:30 PM

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.

It will be useless only if you are aiming for long-term but if you are on the short-term side then cutting losses is a pretty good decision because they will never know how low will it go so ejecting while it is still on a one digit loss is a win for them and they can buy back if the prices did go lower.

Twinscoin2017

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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 was a good strategy if we already loss at price then hold it and we need to wait for the next rising of the bitcoin price to avoid losing of our capital. I believe also that bitcoin will rise back to 60k$ and some altcoin like BNB will also rise back after the correction of the bitcoin price. So i think there is no need to worry price is still high it is now 36k$ maybe when it drop to 10k$ then that time we began to cry.

leea-1334

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It is not a disaster at all. It is very highly unlikely you bought at 62k,,, so you are still very much in a comfortable zone losing 50% of your Bitcoin worth. I have lost over 95% of worth of my coins and still held for sure you can do the same as this is Bitcoin, not just any other coin but the very best and most mature of crypto.

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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.

Thats normal, if you are in loss of more than 30 to 40% cutting losses will kick in and a huge failure as a trader. There is no shame in losing but its actually not a loss until you sell all the asset. Paper losses are just there, relax and wait for it, we all knew that market can recover easily and just surrounded by Fud. China loves to fud and we all knew it.

mk4

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

We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply.

Very amateur mistake. Even by just taking a quick look at Bitcoin's price chart for a few minutes, you'd immediately realize that drops of this size have ALWAYS been possible.

Also, if you don't want to get stuck with holding coins that have dropped by huge amounts, use stop-losses.

MusaMohamed

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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.

I can sympathize with Bitcoin investors but I can not with altcoin investors. Especially with meme token investors, I laugh at their greed investment. I know there are people get rich with meme tokens but for investors who participated in very late, they deserve what they have lost.

Quote

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.

It is true for bitcoin but can not for altcoins. It can be true for very few altcoins and top coins have more probability to recover. Shit coins can not.

electronicash

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holding is an option this bear market if you are a full time trader. there are still few options to profit that you may consider doing. margin traders are like leechers in the market who constantly earn whichever the trend goes so if you are going to play the risk, trade on margin. gamblng still is an option or try the binary option.

sayaya17

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Quote from: Coin_trader on May 21, 2021, 08:22:30 PM

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.

Yes, right you said, there is no other way than to become a holder to return all the lost capital. But in fact, the trader himself did not lose his assets as long as he still held the coin. It just takes patience to wait for the market to recover. As an unaccustomed holder, this is indeed a test. We have to wait months, maybe even years.

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It's unfortunate but true. The same thing happened after the peak of 2017-2018 bull market and ico bubble bursted. I know for a fact that most traders during those times became the biggest bagholders and were only able to offline some of those ico bags that managed to do well in this bull run. I agree same thing would happen when this bull market eventually reaches its peak. The recent market downturn has shown us a sneak peak of what's to come. It's a good reminder especially to the new traders in crypto that the market doesn't only go up. There would be a lot more bagholders than the last bull run.

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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.

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.

sayaya17

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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. 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.

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