Topic: How did you guys ride out the last bitcoin/altcoin "crash"? (Read 1178 times)
I hold my coin. Well, I believe that everything will be alright after all. bitcoin needs more time to rest and to fix itself then it will lead the whole cryptocurrency market go up. Everything will be green again. Moreover, I have made quite a lot from altcoin so that this small dump does not affect me veryr much
All the buzz about crypto lately has been about how it's going to crash and burn and how it's going to take people like us down with it. How do you guys deal with the naysayers?
When i see the crash i was already near to panic selling but its too late do i still dont sell it it is really stressful watching your money or your coin getting dump in the market and i guess its already in a half of its main price so my money was lose almost 50percent if its money.In my modest opinion i think that people with the coolest heads are the most successful in crypto markets as well as in share markets.
Recently I experienced the same unpleasant feeling of watching my investment decrease in value.
I decided not to panic and hold, there is no reason that I will not get my money back in long term, And there is one very good argument, sort of argument- the past behaviour of market.
In this recent trade i did make a mistake by trying to ride the wave, i was too late.
Have you experienced a trade when the investment have not bounced back to level of your buy price?
All the buzz about crypto lately has been about how it's going to crash and burn and how it's going to take people like us down with it. How do you guys deal with the naysayers?
If you are not ready to develop thick skin for things like this I have a reason that you should be somewhere else other than crypto because here there is no notification rather is there any form of historical basis in analysing what the direction of price is going to be. The moment those situations feels normal I am not bothered on riding out, I just ride with the tide because I am sure the tide will recover and everything will be fine once again.
The only way was USDT during the fall. But my portfolio was full of altcoins. After the loss now I am trying to catch the coins which are decreased more than the others like sys, amp or golem. This strategy worked well for me because I bought some sys and golem nearly at the bottom. I sold my golem with profit but I am still keeping sys. My portfolio is better now.
All the buzz about crypto lately has been about how it's going to crash and burn and how it's going to take people like us down with it. How do you guys deal with the naysayers?
In this recent btc crash, i cut loss a bit from my altcoins holding and selling btc at the highest point. Why sell? Because i know for sure that the price will go down that time, thats why i cut loss some of my alt and from this strategy i make some profit by riding this uncertainty wave with smart strategy. All the buzz about crypto lately has been about how it's going to crash and burn and how it's going to take people like us down with it. How do you guys deal with the naysayers?
Deal with naysayers? Why do you need to deal with them. People will naysay. I've been telling all my friends to buy bitcoin since 2011, only one of them did finally 2 years ago, and finally a few more after the most recent correction.
Just gotta tell people it's a long term game. Price might go down, but it rarely goes below previous highs before the last pump. If you spend time researching and reading articles (pick good sources) it will be obvious that there is a huge range of interest corporate and individual in cryptocurrencies. It's never been more clear that crypto is here to stay, and i've always believed in it.
BTW, maybe we will go below $2000 again for a bit, but I think crypto is actually just climbing a little hill before a mountain within the year. There are sooo many projects in beta and soon to be released, the ecosystem has more connections than ever before and growing rapidly. People always say it's gonna crash.
I try to HODL because often what happens is you sell out too late and it really sucks to buy back more expensive later on.
When people are panicking is usually the best time to buy more and I know its hard not to panic yourself too which is why I just turn off blockfolio and bittrex/poloniex whenever I feel like I'm starting to panic myself.
When people are panicking is usually the best time to buy more and I know its hard not to panic yourself too which is why I just turn off blockfolio and bittrex/poloniex whenever I feel like I'm starting to panic myself.
Very wise words sir!
What crash rather usuall pump and dump,where you see btc crash,price down 20% on btc,it is any crash
Same here,
In these times, holding what I have and pouring more money in to profit from the opportunity. Waiting for a nice entry point!
In these times, holding what I have and pouring more money in to profit from the opportunity. Waiting for a nice entry point!
I just held what I had and didn't sell when they dropped.
If you have a couple of hours of time left every day:
Trade!
If you are short in time:
HODL
I am short in time. So I hodl an cry 'cause of lost opportunities...
Trade!
If you are short in time:
HODL
I am short in time. So I hodl an cry 'cause of lost opportunities...
I am not holding huge amount in crypto market even if i loss it makes small difference so i am trying to bag some more coins which falls very badly then i will convert my fiat to some crypto currency .
We are the same bro since I do not have a lot of holdings then I don't waste my time worrying about the crash that has been happening now. Actually I am a little happy because I can buy altcoins in lower price. So right now I am in accumulating stage I buy everytime I have extra money and after I will wait for the market to cool down and wait for the big pump for both bitcoin and altcoins.
nothing special, when there is "crash" or whatever you called it for price of all coins in the market down even though i think it's just normal thing, the best decision is hold and read more ! when we selling the coin what we do is just dumping the coin more and more. For the altcoin case, we just need to read more info about the coin, some coin have a good team and strong community, maybe there is some kind of update for the coin that make it become better and attract more people. Sometimes when the price of an altcoin drop to the lowest, it just make the coin price pumped up more than ever. But heyy this is crypto anything could be happen in anytime so it doesn't mean we must hold the coins alltimes, maybe you can take an advantage from that condition to make more profit or just sell it if you think you will lost a lot, it depends on your calculations
I am not holding huge amount in crypto market even if i loss it makes small difference so i am trying to bag some more coins which falls very badly then i will convert my fiat to some crypto currency .
We are the same bro since I do not have a lot of holdings then I don't waste my time worrying about the crash that has been happening now. Actually I am a little happy because I can buy altcoins in lower price. So right now I am in accumulating stage I buy everytime I have extra money and after I will wait for the market to cool down and wait for the big pump for both bitcoin and altcoins.
All the buzz about crypto lately has been about how it's going to crash and burn and how it's going to take people like us down with it. How do you guys deal with the naysayers?
When i see the crash i was already near to panic selling but its too late do i still dont sell it it is really stressful watching your money or your coin getting dump in the market and i guess its already in a half of its main price so my money was lose almost 50percent if its money.
I wish I had been BUYING some btc weekly since 2014. 
But I am not impressed by any "crash"
I like BTC
But I am not impressed by any "crash"I like BTC
All the buzz about crypto lately has been about how it's going to crash and burn and how it's going to take people like us down with it. How do you guys deal with the naysayers?
Cryptocurrencies will eventually obsolete other forms of money but still you must correctly pick the winners.
That is a wild statement but quite possible at the same time
There isn’t that much too it than that.
All the buzz about crypto lately has been about how it's going to crash and burn and how it's going to take people like us down with it. How do you guys deal with the naysayers?
Put them in a sack and throw them in the lake.
If they float , there were naysayers and lied.
So we burn them at the stake.
If they drown , then they were honest souls and we bury them on hallow ground.
Maybe confusing my witch tests with naysayer tests.
Anyway , bad jokes aside.
If all you are doing is trading coins for profit, diversify between fiat & crypto so you are not frighten of either rise or fall.
Personally , I just picked a coin, that no matter what I and a few others can keep the network running no matter what happens in the rest of the crypto sphere.
So either find a coin you feel strongly enough about to support thru any storm, or just buy some ZEIT , because the ZEIT Knights will keep that coin alive thru whatever may come.
I am not holding huge amount in crypto market even if i loss it makes small difference so i am trying to bag some more coins which falls very badly then i will convert my fiat to some crypto currency .
All the buzz about crypto lately has been about how it's going to crash and burn and how it's going to take people like us down with it. How do you guys deal with the naysayers?
When i saw the market is crashing, i am just chilling and doing a lot of shopping and also laughing to those noobs who just took the loss and just leave the market, i saw the overall market capitalization that it declined a lot but i always believe in cryptocurrencies that they will recover and that is now happening and i am already got above average profits. Jump to: