How do you make money if bitcoin/altcoin prices keep falling?

n691309

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Quote from: jakagintiri on October 31, 2017, 12:32:55 PM

when someone who feels panicked they will not care to sell their coins immediately, they think to bear a little bit of a loss than to get big losses, they tend to think not to back up, so they do the panic selling

The thing is that the prices will not keep falling forever and would definitely rise back up at some point. However, if it is something that shows a huge sign of falling the more and I am sure of that from all angle, probably from the news, then I can exchange half of them with USDT and then buy back in when I am sure it is good enough.

Quote from: kateryana81 on November 02, 2017, 06:33:43 AM

The irony of panic selling is no doubt to save yourself not from getting more loss. The thing is we never know what will happen in the coming days. In addition to this, things don’t remain the same all the time. You should always hope for the best and you need to prepare yourself for the worst. This is the only thing which can help you in making wise decisions at tough time. Remain vigilant all the time.

Preparing oneself for the worst is really what everyone should still always put in mind in as much as we are very optimistic. This is the reason I keep looking at those who said they are going all in on bitcoin. Preparing that anything crazy could happen at any point in as much as you believe that you can make so much gain is what would always make one play safe.

ArIMy11

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Quote from: jerry0 on October 28, 2017, 05:10:27 PM

I don't know much about stocks but i know that in stocks if you think certain stocks will fall, you can short them and make money. However with bitcoin/altcoin, can you short or is that not possible? Also isn't it true shorting is very dangerous because you can lose a lot more shorting than investing in bitcoin/altcoin?

I know when prices drop, that is when you want to buy because you want to buy low and sell high. So what would be the strategy if bitcoin/altcoin stays the same or keeps dropping etc? Thus its all red and stays that way? Of course you could buy... then wait till it goes back up and sell to make profit. But you don't know how long that would that or it could possibly not and keep going down etc. I understand that if you want to daytrade, well you buy it at certain price then sell at certain price to lock in profit. Thus if prices go higher and you bought earlier, you will make profit if you sell. But besides buying the coin at low prices, you aren't making any money at the moment.

So what do daytraders do then? Thus daytraders are on the computer looking at the markets all the time etc. So if everything keeps going down, how do they make money? If prices keep dropping for a long time, then there is no money to be made right? Or is there? Because what do daytraders do if the market prices keep going down etc? Sure you can buy a lot of coins at cheap prices but you don't know how long it would take to go back up etc.

I have that told me to buy coins when the price is low and sell it when its price pump even though we do not know how long will it takes to pump again. But I get your point. What if it keeps down and down? I also ask myself about it. Maybe the right thing to do is to first analyze the previous prices of the coin you / we are targetinf to buy or invest. I have altcoins from my campaigns but it takes a long time to rise its price. Now I look on the other side, I see bitcoin even thoygh it drops , it still pump up so fast so think bitcoin is good thing to buy and invest. Then I try it and luckily I am earning as its price rise from day to day.

Icaxx

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Keep buying when price going down. I know crypto trading is not the same with forex or stock or other that we made money though price is keep going down. Daytrader just watch the market if keep going down.

zeaderza

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Quote from: HailTrader on November 04, 2017, 12:41:58 PM

Do not sell your position, just hold it and wait until prices bounce back. Volatility of price place high risk/reward. Proper timing and a bit of luck I guess. I too cut-loss sometimes between 10-15% but that rarely happens. I always trust my gut that soon there will be an uptrend and if it happens, I exit. Trading is not for the emotional and faint-hearted, it can break your will and test your patience.

If the prices are falling one should not be discouraged as it may be a temporary phase. Bitcoin is a established currency it will go up. Some educational institutions have accepted the Bitcoin as a fee. With the passage of time it will come more popular in the market and its prices will go high. If you want to go for trading invest in bitcoin, be committed to your trading and be patient.

jamids

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There are sites where you can do shorting but it is only recommended to traders who understand it because once you sell and the price goes up then you can lose your investment in just one swoop. Many professional traders are doing this saying that they earn more money in shorting because price drops drastically but when it is going up it is slow. Some cut their losses and find a possible support if you want to do the buy low and sell high trading. They just buy more at the possible bottom to average down so that the target price to profit would be lower. Because of the crypto volatility, some prefer holding their coins and just wait for it to go up and never sell in a loss and you will only be comfortable doing this if the coin has a viable project because if it is just one of those sh*tcoins then maybe you might want to sell your position and find a coin for long term hodl.

Koadharber

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Quote from: ?? on ??

Quote from: jerry0 on October 28, 2017, 05:10:27 PM

I don't know much about stocks but i know that in stocks if you think certain stocks will fall, you can short them and make money. However with bitcoin/altcoin, can you short or is that not possible? Also isn't it true shorting is very dangerous because you can lose a lot more shorting than investing in bitcoin/altcoin?

I know when prices drop, that is when you want to buy because you want to buy low and sell high. So what would be the strategy if bitcoin/altcoin stays the same or keeps dropping etc? Thus its all red and stays that way? Of course you could buy... then wait till it goes back up and sell to make profit. But you don't know how long that would that or it could possibly not and keep going down etc. I understand that if you want to daytrade, well you buy it at certain price then sell at certain price to lock in profit. Thus if prices go higher and you bought earlier, you will make profit if you sell. But besides buying the coin at low prices, you aren't making any money at the moment.

So what do daytraders do then? Thus daytraders are on the computer looking at the markets all the time etc. So if everything keeps going down, how do they make money? If prices keep dropping for a long time, then there is no money to be made right? Or is there? Because what do daytraders do if the market prices keep going down etc? Sure you can buy a lot of coins at cheap prices but you don't know how long it would take to go back up etc.

when the price of bitcoin/altcoins is down its also good if you think hard because you can invest in that time then sell it when the price grow that's the cycle here.You can lose but the chance for profit is big so you need only to wait to sell it in right time.I think if you already invest in some coins lose or wait you need to understand that risky things

Shorting might be profitable or not which would depend on when did you able to buy your coins.If you do see that theres a possible pullback or bearish trend then selling out for sure profits would be recommended but if it turns out that you are on negative profits then it would depend to you if you would cut loss or risk it to hold and wait for recovery. Making money mostly do happen on accumulating cheap coins.

HailTrader

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Do not sell your position, just hold it and wait until prices bounce back. Volatility of price place high risk/reward. Proper timing and a bit of luck I guess. I too cut-loss sometimes between 10-15% but that rarely happens. I always trust my gut that soon there will be an uptrend and if it happens, I exit. Trading is not for the emotional and faint-hearted, it can break your will and test your patience.

beerlover

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Quote from: dewi91 on November 02, 2017, 09:28:24 AM

keep calm and don't panic.. patiencely, when the prices keep falling, that's the best time you can buy some bitcoin.. don't worry about the prices, bitcoin is fluctuation, when the prices are falling of course the prices will be rising up again.. maybe you just need time for waiting the prices up..

I really doubt if anyone can ever make the mistake of panic selling except maybe for newbie in the game though.
Almost everyone have been able to learn from past experience that it is much better to HODL and even buy more at dips.

So, if any whale is dumping and trying to create FUD and then expect people to dump, then the whale should better be counting his or her losses cause people will be ready to start buying as much as possible.

Kingofbitcoin12345

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Quote from: cryptolk on November 04, 2017, 02:00:34 AM

I really know that BTC never fallen again due limited supply of 21. But it badly impact to Alts. Thats sad truth.

Agree.. Bitcoin increases makes altcoin holders sold and invest in bitcoin instead.. Then a free money in forking makes more damage to altcoin as more need to save bitcoin to have equivalent amount of Bitcoin2x or Segwit2x.. This altcoin even I have no intention to support it but I don’t know how to manage anything or I might need to go with the flow with most members of the bitcoin community..

BaraxLo

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Quote from: dewi91 on November 02, 2017, 09:28:24 AM

keep calm and don't panic.. patiencely, when the prices keep falling, that's the best time you can buy some bitcoin.. don't worry about the prices, bitcoin is fluctuation, when the prices are falling of course the prices will be rising up again.. maybe you just need time for waiting the prices up..

I also favor your choice. If the prices are falling to some dangerous extent then it is not the right time to sell all your Bitcoins and convert them into the physical money or fiats. The best you can do in such a situation is that you must focus on buying more and more of the Bitcoin.

In the present you will feel some sort of anxiety and depression regarding your own decisions but I promise you that it would be a great help in the end this is because of the fact that they the prices keep on a fluctuating and obviously if there is downfall then increment is also a possible thing.

OMGyasuo

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If the btc or altcoin price drops do affect you. I think you should give up this investment and start with another investment. . However, quit is not selling all the number of btc or altcoins you have , that is waiting until the price goes up. starting a new investment when the price drops you will certainly be profitable.

hajimasan

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Quote from: jerry0 on October 28, 2017, 05:10:27 PM

I don't know much about stocks but i know that in stocks if you think certain stocks will fall, you can short them and make money. However with bitcoin/altcoin, can you short or is that not possible? Also isn't it true shorting is very dangerous because you can lose a lot more shorting than investing in bitcoin/altcoin?

I know when prices drop, that is when you want to buy because you want to buy low and sell high. So what would be the strategy if bitcoin/altcoin stays the same or keeps dropping etc? Thus its all red and stays that way? Of course you could buy... then wait till it goes back up and sell to make profit. But you don't know how long that would that or it could possibly not and keep going down etc. I understand that if you want to daytrade, well you buy it at certain price then sell at certain price to lock in profit. Thus if prices go higher and you bought earlier, you will make profit if you sell. But besides buying the coin at low prices, you aren't making any money at the moment.

So what do daytraders do then? Thus daytraders are on the computer looking at the markets all the time etc. So if everything keeps going down, how do they make money? If prices keep dropping for a long time, then there is no money to be made right? Or is there? Because what do daytraders do if the market prices keep going down etc? Sure you can buy a lot of coins at cheap prices but you don't know how long it would take to go back up etc.

Here we can understand well that how much the problem we are facing in the cryptocurrency trading with the big flcutuations in the price of the coins to get dump/pump with high degree .
Here only those people can handle the situation who has money in Thier pocket .
Here I means to say that buy coins in small small amounts after every dump , Because to buy with down and down price , it is better to remain the average of the price of the coins ( but really it needed much money to handle the situation ) .
Second option is to wait until the market became stable , and find the better chance .

cryptolk

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ENTRY Cryptocurrency

I really know that BTC never fallen again due limited supply of 21. But it badly impact to Alts. Thats sad truth.

TIDOVEE

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It would have been so fine it bitcoin is not the only source of ones income in such instance, and does it mean the consistent dump will not get better by pump overtime, of course that will not happen, so, I would have just suggested one should buy the coin during the consistent dump and ignore it or rather face other business until a good time of pump.

minerich

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Keep Stop loss - Target and stop when starting a trade: For each trade, we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed.

iqlimasyadiqa

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Quote from: davis196 on October 29, 2017, 01:37:12 AM

When all the prices are falling,you act like a "bear". Grin

You sell all the cryptos that you have,wait for a while and buy them,when the prices are lower.The difference between the prices is your proft.
That`s how traders make profit ,when the markets are going down.Shorting is the other way,but you already know about it.

Each Condition must have a certain way. Every trader would want to make a profit. We can not peg whether we can make a profit or not when the price falls. sometimes we have to look at various aspects in order to determine whether we can benefit or not in trading. Buying as much coin as possible when the price is down is not a solution because we can not predict and convince whether the price can increase again or not.

DaddyMonsi

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Quote from: jerry0 on October 28, 2017, 05:10:27 PM

So what do daytraders do then? Thus daytraders are on the computer looking at the markets all the time etc. So if everything keeps going down, how do they make money? If prices keep dropping for a long time, then there is no money to be made right? Or is there? Because what do daytraders do if the market prices keep going down etc? Sure you can buy a lot of coins at cheap prices but you don't know how long it would take to go back up etc.

Traders have different approach in every situation, they may call themselves a daytrader but in cases like whats happening today when Bitcoin is on top of everyone, some would stay at the safe side by converting their alts to BTC and wait till fork is clear. In my case I converted 60% to BTC while the remaining 40% stays in alts.

Kevin77

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Quote from: tweetbit on November 01, 2017, 02:06:27 AM

Buy and HODL as everyone does. If bitcoin and altcoin is falling and if it goes the dip of 3000$ then it is the biggest opportunity for anyone to buy as many coins they want because it will be back to where is stop at 6300$ or more. This is why some uses bad news and black propaganda to achieve they’re goal of decreasing the market price for this reason.

Even though I know $3000 does not sound something possible at this stage, but I have always dreamed and wish that maybe one day some panic sellers can just please give me their coins Grin

The thing is that support has grown stronger and hardly are we going to see anything that would cause a huge panic selling except something pretty huge that would be an attack on bitcoin really and truly happens.

After all, that does not mean we would still not have some people at some point get it when it starts dropping and bring back the value up.

dewi91

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keep calm and don't panic.. patiencely, when the prices keep falling, that's the best time you can buy some bitcoin.. don't worry about the prices, bitcoin is fluctuation, when the prices are falling of course the prices will be rising up again.. maybe you just need time for waiting the prices up..

kateryana81

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Quote from: jakagintiri on October 31, 2017, 12:32:55 PM

Quote from: BingoDog on October 31, 2017, 10:58:23 AM

This is the normal process, the rise and fall of the price. It's important not to panic when the price falls and not to sell immediately. Usually it's good to have some long term strategy because bitcoin is still the best investment long term and it's wise to buy coins as much as you can when the price drops because after that in a certain period of time it will recover and thus you will earn money. This is the main trading rule to buy low and sell high so you should look at price drop as an opportunity.

Well you are right it is a very normal process, but when someone who feels panicked they will not care to sell their coins immediately, they think to bear a little bit of a loss than to get big losses, they tend to think not to back up, so they do the panic selling

The irony of panic selling is no doubt to save yourself not from getting more loss. The thing is we never know what will happen in the coming days. In addition to this, things don’t remain the same all the time. You should always hope for the best and you need to prepare yourself for the worst. This is the only thing which can help you in making wise decisions at tough time. Remain vigilant all the time.

Topic: How do you make money if bitcoin/altcoin prices keep falling? (Read 1679 times)