Topic: How do you make profits in down time (Read 130 times)
The only way to earn on a low season, it is necessary to take off in dollars at the take-off and buy at low prices. Other words are either too dangerous, or do not give a normal profit. Here you need a certain gift to predict the fall and sell it on time, so that later on this fall you can earn money.
If you really spent all your funds, then of course just wait.
Switch to some other activity. spend time with your family, read the books, try don't think about cryptocurrency and drawdowns . May be take a part in some bounty programs and earn some cryptocurrency for the execution of tasks.
Switch to some other activity. spend time with your family, read the books, try don't think about cryptocurrency and drawdowns . May be take a part in some bounty programs and earn some cryptocurrency for the execution of tasks.
There is a saying that "Even dead cat bounce"
You may sell while on the way down then buy if it goes down further.
It's a tough task and requires good skills.
You may sell while on the way down then buy if it goes down further.
It's a tough task and requires good skills.
Pretty much yea, just wait unless you are a seasoned trader with an advanced knowledge of technical analysis, if so you can take advantage of this unstable bear market.
I'm just waiting for better times. I really need cash, but I endure, because I do not want to sell the etherium for $ 400
it's too cheap after the price of 1k$
it's too cheap after the price of 1k$
Interesting and educational this question and yes, we do not make profits when buying currencies at a price "x" and then its price is in decline, but the means simple of profit is detachment, recognizing the low and selling to buy a currency with trend in high. So with the profitswe have repurchased the currency with lower prices and we repurchased in greater quantity.
while trading crypto is sort of like trading forex, there is a deal of difference in how you can make money. In crypto, you can only make money from during a bull run while in forex, you can make money in both a bull and bear market. its that simple. But here in crypto, you should not look for bigger returns rather you should focus on short term gains
You don't have to make always profit, if you make less loss than others in a down time, then you are actually making profit. Sometimes you will lose but it will also depend on what you do, trading holding etc.
lot of thread speaking about investing, yes it is time to invest as prices are really low, but i wonder how do you make profits when you already invested and price are down?
you just have to wait right?
you just have to wait right?
I think there are two ways to get profit in this term:
If you have capital, in my opinion, this term is a good time to accumulate more altcoins and the bitcoin. If you have coins, I think the best thing to do is holding.
lot of thread speaking about investing, yes it is time to invest as prices are really low, but i wonder how do you make profits when you already invested and price are down?
you just have to wait right?
There are two ways you can just wait for the price to increase which is the normal way most of the people will do.Or you can sell the bitcoin at the current price and buy them later at more cheaper price if the price falls so it will equalize the lost amount but it is more riskier than just holding.you just have to wait right?
Well, if you see that your profit was there then go you may sell it, but if you are still losing no choice just to hold or cut a lose if you want.
The safer is to hold a long-term and wait until the price is bouncing back, that's real.
Patience+HODL=BIG profit.
As you already know, the price of all cryptocurrency is very low. That why people here say that its time to invest is because when the right time comes the value of every token will rise again.
That is really how investment really works. Investing money to a thing that you think that the price will increase.
Anyways. If you wanted to earn in downtime, you can short-term trading and try to increase your Bitcoin value and not the USD value. So when the time comes that the Bitcoin is about to rise again, you can earn a lot of money.
That is really how investment really works. Investing money to a thing that you think that the price will increase.
Anyways. If you wanted to earn in downtime, you can short-term trading and try to increase your Bitcoin value and not the USD value. So when the time comes that the Bitcoin is about to rise again, you can earn a lot of money.
lot of thread speaking about investing, yes it is time to invest as prices are really low, but i wonder how do you make profits when you already invested and price are down?
you just have to wait right?
There are two ways you can just wait for the price to increase which is the normal way most of the people will do.Or you can sell the bitcoin at the current price and buy them later at more cheaper price if the price falls so it will equalize the lost amount but it is more riskier than just holding. you just have to wait right?
You can't make profits when you've bought at a loss, but you can maximize your future profits if you're planning on hodling.
If you see that there's an obvious downtrend, you can sell your current position in losing coins, and then rebuy when the price dips even further.
Right now I estimate that most coins are down by 10x or more. So, that said, if you sell your current losing position, then the price goes down 10%, and you rebuy. That means you've increased your current holdings in that coin by 10%.
That 10% might not seem like a big deal in a sea of red candles and tears. But think about it this way: Once the price recovers to the 10x it was when you bought it, that extra 10% is now worth 100%. If the price goes beyond the 10x into the price you were originally hoping to sell at before the bear market, then that 10% could be limitless!
long story, short: If it's obvious things are going to go lower, then sell and rebuy. BUT BE CAREFUL. This strategy could backfire if the price booms instead of dips.
If you see that there's an obvious downtrend, you can sell your current position in losing coins, and then rebuy when the price dips even further.
Right now I estimate that most coins are down by 10x or more. So, that said, if you sell your current losing position, then the price goes down 10%, and you rebuy. That means you've increased your current holdings in that coin by 10%.
That 10% might not seem like a big deal in a sea of red candles and tears. But think about it this way: Once the price recovers to the 10x it was when you bought it, that extra 10% is now worth 100%. If the price goes beyond the 10x into the price you were originally hoping to sell at before the bear market, then that 10% could be limitless!
long story, short: If it's obvious things are going to go lower, then sell and rebuy. BUT BE CAREFUL. This strategy could backfire if the price booms instead of dips.
You have said it all. The best option for those who bought high and now found a lower price to what they bought, should better hold. The time of hold for them to get their profits i believe is this year. In few months' time now, i see a bullish run in cryptocurrency. They can just use a small portion of their investments for trading. Perhaps daily trading to get some profits. Although trading requires some astuteness. Care needs to be taken while trading.
lot of thread speaking about investing, yes it is time to invest as prices are really low, but i wonder how do you make profits when you already invested and price are down?
you just have to wait right?
you just have to wait right?
My guess is for the most part just wait. What I do though is every month, I add more money into cryptos to try to average down on my other investments. So if I'm down on the other coins, I add more money during dips and try to work from there on...
But I definitely don't touch the investments that I'm currently on loss. I just HODL!
Yes, you should wait. You can also do short trading in markets. But it is difficult.
lot of thread speaking about investing, yes it is time to invest as prices are really low, but i wonder how do you make profits when you already invested and price are down?
you just have to wait right?
you just have to wait right?
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