Topic: How do you stomach the dips? (Read 2091 times)
I always had to get out during the dips. Otherwise I wouldn't. I’ve also never invested too much. The answer will be generally different for everyone.
If you invested in bitcoin during its all-time high, the present price will really hard to stomach and hodling it seems not acceptable anymore. Until now there is no sign that bitcoin will recover again and many are unsure if bitcoin is capable to another all-time high next year. It might be a long hodl if you wait for another bullrun because of continuing uncerttainty in the cryotocurrency market but if you still believe that the prices will eventually go up again, then keep on hodling.
Instead of looking at those dips negatively, look at it on a positive way. I remember reading somewhere that if see the price of Bitcoin dropped, buy more, if you the price of Bitcoin dropped some more, then buy more. Look at what happened last Monday and Tuesday, price of BTC dropped 16% but recovers after 48 hours. Think positive and don't panic.
It is very difficult to stay calm when you see how fast your cryptocurrencies go down. However, I can cope with my emotions. Simply think about the time when the market will go up.
Generally I hold because it's so difficult to see when the dips are going to come and once you've missed them it's risky to sell in the hope they'll continue to dip.
As for how to stomach it - it gets easier every time, I find solace in a few bottles of beer and some good music. Everyone probably has their own way, I watch the price a lot less when things are on a downturn than an upturn so that I can have some mental peace for a while.
Hopefully one day (if not now) you'll be in a position where even after a large 20% or more dip you'll still be in a profit and that's always a nice thing to fall back on.
As for how to stomach it - it gets easier every time, I find solace in a few bottles of beer and some good music. Everyone probably has their own way, I watch the price a lot less when things are on a downturn than an upturn so that I can have some mental peace for a while.
Hopefully one day (if not now) you'll be in a position where even after a large 20% or more dip you'll still be in a profit and that's always a nice thing to fall back on.
That's true. I mean, there isn't any other you can do during those times but to hold. That way, whatever happens with the market and also with the tokens or coins in your hands, you won't be affected that much because you are in the move of just waiting things out. So, whether it dips, you won't be affected as you are not transacting or anything. What you can do is to only hope that such dip will subside and the coin you have invested in will soon recuperate and rise up in value.
I lost so much money on this i don't even care
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
For me 20% is still fairly small and if the market tends to decline better I choose to sell rather than hold, my decision also depends on the analysis that I made for future market movements. advice if your loss covers more than 35%, it would be better to hold on to whatever the market conditions are, remember crypto fluctuations and hope cryptocurrency will go to the moon. 
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
As of the moment, bitcoin is trading @ $4290 and it was far far lower that of march and I could say, Im a hodler. Just don't watch the marketcap everyday when hodl so it's less painful when it dips.
Instead of looking at those dips negatively, look at it on a positive way. I remember reading somewhere that if see the price of Bitcoin dropped, buy more, if you the price of Bitcoin dropped some more, then buy more. Look at what happened last Monday and Tuesday, price of BTC dropped 16% but recovers after 48 hours. Think positive and don't panic.
then this method might work..I think it did work and is one of the proven theories now
And you're right, you just need the right money management and a lot of it.
Instead of looking at those dips negatively, look at it on a positive way. I remember reading somewhere that if see the price of Bitcoin dropped, buy more, if you the price of Bitcoin dropped some more, then buy more. Look at what happened last Monday and Tuesday, price of BTC dropped 16% but recovers after 48 hours. Think positive and don't panic.
actually this method is similar to martingel in gambling, when you lose you buy again and again, but you need a lot of capital and proper money management for this method, and of course your patience should high, then this method might work..
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
Hodl hodl that's is my strategy it's better to sacrifice my stomach than to sell my coins in a lower value, 20% loses aren't small amount of loses specially the amount of coin are huge.
Instead of looking at those dips negatively, look at it on a positive way. I remember reading somewhere that if see the price of Bitcoin dropped, buy more, if you the price of Bitcoin dropped some more, then buy more. Look at what happened last Monday and Tuesday, price of BTC dropped 16% but recovers after 48 hours. Think positive and don't panic.
I try to sell my savings as soon as their price reaches the top.
I agree. If you haven't taken short by now, hold your horses. The predicted reverse already started and there is no point into being desperate now. Truth to be told, I do not know how much did you start with but if you survived price of 3700$, everything will go better from now on. Take the chance it invests or just stay on the side and wait for the price to rise enough for it to make sense again.
If you sell at a low price then you will lose the profits than what you have planned. But if you buy at a low price maybe you will be able to avoid losses by holding for a longer time. Nothing wrong if you staying at a low price because the price will rise again. Be patient and follow your plan so you will earn a profit.
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
If my assets was on loss, I would sell some and just hodl the rest. My tokens/coins are coming from bounties so I losing some USD value of those could be hard but it's the payment for my service so I consider it "they paying me less" LOL
I don't stomach all those dip, I just work harder to forget about it and move one. If the price rise later on in 2 to 5 years, I may be able to get my money back and more if not then I guess I'd just take it. ETh has definitely lost my faith, $80k is seriously a big loss for me. Too late because I moved my tokens to a private wallet and not in the exchange it it was in the exchange I would have dumped it easily. Luckily I got my back up plan still and am working on projects right now, I'd just forget the investment and will have to move on.
All of these dips are the part of the crypto life. If you work with these cryptocurrencies, you have to be ready to lose. Yes, you will earn finally, but the black strips will be met as well.
It depends on the outlook I have on my trade, if all I want is to short and get the tiniest margin possible, I will sell any opportunity. If I am holding and planning for bigger return, 80% loss will not move me!
The crypto prices have been falling very far from the prices at the end of 2017, where many people panicked and sold coins when the prices were low because they weren’t sure the prices would rise again. So if you want to make a profit you have to be sure of your strategy and be patient, believe that the price decrease will pass and rise again in the future.
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
If my assets was on loss, I would sell some and just hodl the rest. My tokens/coins are coming from bounties so I losing some USD value of those could be hard but it's the payment for my service so I consider it "they paying me less" LOL
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
Analysts and visualized the history of crypto
I don't like the idea of selling coins with have loses
Is better to hold and wait the price jumps than to sell it
I still believe long term holds the best time will comes in the right timing
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
Even plan your trade and trade your plan sometimes couldn't make the cut. Literally could not make it to your cutloss plan when it's really fast trades and also if you got attacked by technical issues or other factors you couldn't control. The only thing that you can do is to really set your expectations really low. Like you're expecting to get out by 10% but double to lower that worse case.
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