Topic: How do you make money if bitcoin/altcoin prices keep falling? - page 4. (Read 1679 times)
If the fall is around 10 - 20% i usually cut my losses. But if the loss is approaching say 30 - 50%, i do not sell instead i found a way to buy more even if i don't have money i make sure i get raised! I believe my consistency should pay off very soon
Hence the cryptocurrency price is volatile, i would not sell if price keeps falling. I would just like to hold for longer time and buy more when the price gets down.
It is not expert traders strategy to sell immediately when you see price getting down, patience is essentialy required at such moments.
You would have a great opportunity to buy more coins at cheap, profits are for sure in this terminology if you are a long term trader.
It is not expert traders strategy to sell immediately when you see price getting down, patience is essentialy required at such moments.
You would have a great opportunity to buy more coins at cheap, profits are for sure in this terminology if you are a long term trader.
when bitcoin price falls i have the same strategy as always:
if i can predict the fall before it happens, i will sell my trading funds and wait until the bottom is reached and buy back with profit.
if i can not predict it and it was already too late, i wait it out and then buy bitcoin at the bottom with the fiat funds that i invest in bitcoin every couple of weeks.
in short bitcoin falling means buying opportunity for me.
if altcoins drop i am rarely there to see them drop because i only invest in altcoins that are rising not those that have risen already or are struggling to keep what price they already have up! and that means i rarely see the drops. i also make sure to dump them just as fast and that means i am always out before the market wide dump begins.
if i can predict the fall before it happens, i will sell my trading funds and wait until the bottom is reached and buy back with profit.
if i can not predict it and it was already too late, i wait it out and then buy bitcoin at the bottom with the fiat funds that i invest in bitcoin every couple of weeks.
in short bitcoin falling means buying opportunity for me.
if altcoins drop i am rarely there to see them drop because i only invest in altcoins that are rising not those that have risen already or are struggling to keep what price they already have up! and that means i rarely see the drops. i also make sure to dump them just as fast and that means i am always out before the market wide dump begins.
Here I can understand well that how the mind get disappointed when the price of the coins( bitcoin or altcoins ) get down rapidly .
Here we can handle every situation easily but we need a perfect timing and perfect idea to make small prediction .
Just take and example that the price of the bitcoin is about $4000/btc , and you have just bought at the same price but after you bought the price getting down then in that case what you will do ? , Ofcourse you will needed to have money in your hand and buy bitcoin again at low price to make the whole buy bitcoin at Average price .
If you don't have money in your hand then you will needed to do trade with your btc and make the amount more and wait until the price again get back up .
Here we can handle every situation easily but we need a perfect timing and perfect idea to make small prediction .
Just take and example that the price of the bitcoin is about $4000/btc , and you have just bought at the same price but after you bought the price getting down then in that case what you will do ? , Ofcourse you will needed to have money in your hand and buy bitcoin again at low price to make the whole buy bitcoin at Average price .
If you don't have money in your hand then you will needed to do trade with your btc and make the amount more and wait until the price again get back up .
When all the prices are falling,you act like a "bear". 
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.
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.
Yes, I will continue to make money from Bitcoin, Altcoin if the price continues to fall, this does not affect much of my work.
But if in trading, you will play margin, this is very good but also very risky when you play uncontrollably
But if in trading, you will play margin, this is very good but also very risky when you play uncontrollably
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 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.
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