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

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: wxa7115 on June 07, 2021, 04:11:00 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: 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: 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

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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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: 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: 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: Maus0728 on May 25, 2021, 05:05:21 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.

wxa7115

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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.

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.

The problem is the next, we know that the best trader around the world should outmatch the best holder of the world regardless of any asset and time frame, but the issue is how difficult it is the become reasonably good on any of those two disciplines.

And becoming a good holder is easy and can be done by almost anyone as long as they are willing to do so, but becoming a good trader is incredibly difficult and very few achieve any meaningful results which means that many times it is better to take the safest path and become a holder.

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Quote from: Questat on May 28, 2021, 04:09:09 PM

...

They are called bag holders /f.

Dr.Osh

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many people feel that way. I also want to sell the coins that I have, it's just that, the price of bitcoin went down, and it affected that, so I still hold the coins that I have until now. however, many people get stuck at this price and expect the price to rebound and be above the $ 50k price tag. Personally, I'm waiting for another $ 60k price tag.

Xinarae*

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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.

Raihan.arh

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Yeahhh thats true. Same thing happened 2017-18 season. But it bounce back in next year. So i believe that a tight hold for a year it will give a great profit.

Fatunad

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Quote from: jrrsparkles on May 28, 2021, 02:54:12 AM

Quote from: jrrsparkles on May 28, 2021, 02:54:12 AM

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 an actual trader then you got features to save yourself from such crashes like stop loss so you can leave the market with small loss instead of losing half of your capital. And if you missed to exit in that way then you have two choices, whether you can hold until the price increases or accept your loss and start focusing on making the profits with current market movements.

Most probably, traders will take the cut loss option rather than to get stuck and waste their time waiting for the recovery. Because in their minds that if they don't move, if they don't sacrifice those few losses, the more chances that they got paralyze, and most likely they will not call themselves as a trader.
But I was to assume that OP isn't a pro-trader, he just knows about trading but in a situation like this, he prepared to become a holder, not being a trader anymore. Well, there is no wrong with that.

I dont think that would be their option because they can always choose to hold than on cut loss unless if they had put up stop loss then that would surely be considered as lost totally
but if they do have the chance to break even then they would really be choosing up to hold and use up their back up funds to continue their position or dealing with volatility.
There are really instances or situations where you dont have any choice but to do it even though its not meant to be hold but due to situation then you wouldnt have any choice.
Is there something wrong with this? I dont think it can really be avoided aside if you had been liquidated.

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When the BTC price dropped for the first time to that rate, yeah, I personally become a holder. Not using the CL feature at that time so it was so late for us if willing to use CL. ANd the best decision is to hold the coin.
And Panic? of course it is normal. But never make that for panic sell because you will really lose everything if you sell. And your portfolio is actually still the same there if we don't sell our coins. Risky? Of course, it is very risky because we don't know whether the market will be better soon or not. But exactly, really hope that the market will be back at least in this year.
And maybe it needs some funds again to check the market and buy some coins for scalping or daily trading.

Questat

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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.

If you are an actual trader then you got features to save yourself from such crashes like stop loss so you can leave the market with small loss instead of losing half of your capital. And if you missed to exit in that way then you have two choices, whether you can hold until the price increases or accept your loss and start focusing on making the profits with current market movements.

Most probably, traders will take the cut loss option rather than to get stuck and waste their time waiting for the recovery. Because in their minds that if they don't move, if they don't sacrifice those few losses, the more chances that they got paralyze, and most likely they will not call themselves as a trader.
But I was to assume that OP isn't a pro-trader, he just knows about trading but in a situation like this, he prepared to become a holder, not being a trader anymore. Well, there is no wrong with that.

jrrsparkles

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Quote from: andriarto on May 27, 2021, 09:24:55 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 you are an actual trader then you got features to save yourself from such crashes like stop loss so you can leave the market with small loss instead of losing half of your capital. And if you missed to exit in that way then you have two choices, whether you can hold until the price increases or accept your loss and start focusing on making the profits with current market movements.

globalpain

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many people are trapped in that situation, they think when buying is the lowest price, but it turns out that the market says something else, and the price continues to decline, until the value of our assets may decrease by 25%. at this time many people love to take it off but for me we have to be firm to take action, discipline is required by a trader, if it has broken its work area, it is mandatory to cut losses

I think that is one example of a decision that can be said to be reckless and very unfortunate of course,
that is why we must be able to read market movements even though it is difficult but if we learn we will definitely be able to,
at least that experience makes us learn and in the future can make the right decisions

sumant

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In the previous bull run many people has taken entry. Some has booked their profit. Those who don't sell should hold their coin. Nothing in our hand in this market crash point. In this crash market you can accumulate more coin to minimize the loss and be in a profit as soon as possible. Holding power is great assets in crypto market.

andriarto

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many people are trapped in that situation, they think when buying is the lowest price, but it turns out that the market says something else, and the price continues to decline, until the value of our assets may decrease by 25%. at this time many people love to take it off but for me we have to be firm to take action, discipline is required by a trader, if it has broken its work area, it is mandatory to cut losses

Hypnosis00

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Quote from: Fivestar4everMVP on May 27, 2021, 04:01:10 PM

Yeah, this post made me remember back in the days when I was still into trading the market every day, there were times when I have to hold a coin for atleast a month to see if I could even be able to at least sell them at my buying price, but most times, I still end up with a loss, but it's always good to hold bitcoin and other major coins if at all after buying, the price drops, there's a kind of guarantee that the price will definitely come up again if only one can be patient.

That is the biggest challenge when we do the buying during the bull season and then the market just dumps while we still have an active trade. To hate to say but no chance it filled which leads us to do holding rather than to do stop-loss. This is the risk in trading as we never know what will happen next and sometimes we just put trading as a gamble.

Anyway, I think OP had chosen the best option. In fact, we can continue trading using another coin while holding that particular coin while waiting for its price to recover.

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Yeah, this post made me remember back in the days when I was still into trading the market every day, there were times when I have to hold a coin for atleast a month to see if I could even be able to at least sell them at my buying price, but most times, I still end up with a loss, but it's always good to hold bitcoin and other major coins if at all after buying, the price drops, there's a kind of guarantee that the price will definitely come up again if only one can be patient.

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Quote from: CryptopreneurBrainboss on May 27, 2021, 02:45:09 PM

In my honest opinion, holding for long has become a better strategy than trading these days.

It has always been the best strategy, just that the type of investors coming into the space are impatient ones that want gains instantly because either they don't believe in the industry but just here to cash out or they have heard storys of the industry making millions with little or no effort therefore they want to recieve such benefits without going through the process like holding and believing in a project true value above price value at first.

We now have strategy that can be used to achieved been a long term holder, so there's no excuse of not achieving that. We have the staking mechanism that's now common due to the Defi hype that allowed most project switching to enable users been able to stake their coins to recieve rewards.

We do actually have some options to take but there are people who are really that close minded without realizing on what are the ways which they can really save up theirselves or do things
when they do get caught on the dump.Its just a matter of time for the market to recover out and if you do make yourself panic out and sell on loss then theres no way you can really
take those losses back rather than buying on the dip to compensate or patch up on what you had lost.
You should take some steps that would really be helpful once you get caught on the dump and dont easily panic on that particular time.

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In my honest opinion, holding for long has become a better strategy than trading these days.

It has always been the best strategy, just that the type of investors coming into the space are impatient ones that want gains instantly because either they don't believe in the industry but just here to cash out or they have heard storys of the industry making millions with little or no effort therefore they want to recieve such benefits without going through the process like holding and believing in a project true value above price value at first.

We now have strategy that can be used to achieved been a long term holder, so there's no excuse of not achieving that. We have the staking mechanism that's now common due to the Defi hype that allowed most project switching to enable users been able to stake their coins to recieve rewards.

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Quote from: Ararbermas on May 26, 2021, 01:55:49 AM

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.

From my 4 years experience in crypto world I always seen bitcoin always do something what we don't expect even we are not ready to face this.

When it pump nobody think it could be so high. Again when dump nobody ready to see it could be so low in short period. Again people start to forget btc can do something unexpected for a while, then btc do that.

This will happen always in crypto market. But we have to trade carefully and don't be panic basically when people trade with btc/usd pair. Because today or tomorrow btc will make a new high. But in some alts (shit coins) is very risky.

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I believe the price of bitcoin will go up again and that's for sure.
but when we buy bitcoin or other altcoins the price is too high and there is a price drop of about 25% or more it is very painful and we are forced to hold it. But if we can read the market we can use the risk ratio strategy, so we can stop losses with Cut loss and buy it again at the lowest price, it will really help recover losses quickly.
but if we have the funds it will help.
Believe me, there will be times when Bitcoin or altcoin will go up again, it's just how we can manage it and don't panic too much about the situation.

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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.

Yup, I don’t really see the need for selling an asset when you’re in total loss it is not going to be making any sense at all, because the aim is to make profit , so if it’s not profit , it’s best to just leave it there, even if it’s going to take a long time. But, I have realized that the reason why people would do this is because they are investing cash that they are in need of for other purposes.

There are people who don’t have money for investment, and they would invest the money they are going to be needing in a short time, and if the price of Bitcoin or the cryptocurrency they have invested in happens to plummet before they withdraw it, they are still going to withdraw because they need that money for other things and that’s a loss for them.

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The market crash was predicted when the bad news hit, in part because Bitcoin has been hot for months.
Many people quickly exited the market before Bitcoin crashed. Some people got rich because they successfully caught the bottom. With a little observance, we can avoid unnecessary crashes from the market. Trading with a plan and placing a stop loss is the way to survive in the harsh crypto market.

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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.

Quote from: zanezane on May 27, 2021, 06:44:08 AM

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.

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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.

It is a safe market option, nobody wants to lose that is why some traders switch to holder rather than continue trading. But it doesn't mean that it all gonna be like this, traders will have to find a way no matter what it takes. If they lose in this coin that can be recovered in the other coin, diversification is very important in times like this and that holding is just temporary otherwise, you can't call yourselves a trader anymore if you were afraid to take another risk. And besides, losing is not the end of our trading carrier, this is just a part of improvement.

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Quote from: lienfaye on May 26, 2021, 02:16:21 AM

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.

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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.

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.

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Quote from: xSkylarx on May 26, 2021, 01:05:13 AM

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:)

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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.

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.

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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.

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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.

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.

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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.

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.

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Quote from: Oceat on May 25, 2021, 06:41:34 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 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.

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Quote from: travwill on May 25, 2021, 05:56:44 PM

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.

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.

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Quote from: travwill on May 25, 2021, 05:56:44 PM

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.

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.

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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.

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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.

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.

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Quote from: Desscount on May 25, 2021, 05:05:53 AM

Quote from: Reatim on May 25, 2021, 04:56:07 AM

Quote from: Reatim on May 25, 2021, 04:56:07 AM

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.

Besides that, holding is not that easy because it takes patience,
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

We really need to be versatile to deal off with a a very volatile market and decisions or situations like this cant really be avoided because market could really dump on certain percentage which would really be

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.

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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.

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.

Besides that, holding is not that easy because it takes patience,
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

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

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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.

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I personally like trading. This huge crash make me Holder.

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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.

^ 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

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Quote from: dunfida on May 24, 2021, 04:59:23 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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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: Rengga Jati on May 22, 2021, 02:15:17 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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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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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.

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.

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

For bitcoin yes. But not for all altcoins.

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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: Rengga Jati on May 22, 2021, 02:15:17 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.

Raflesia

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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.

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.

gabbie2010

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

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

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.

Lordhermes

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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.

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.

ven7net

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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.

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.

wxa7115

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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.

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.

udidrone

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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.

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.

samcrypto

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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.

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.

Rexler

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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.

joniboini

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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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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.

Renampun

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

Maslate

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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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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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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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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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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: Coin_trader on May 21, 2021, 08:22:30 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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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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