Topic: How do you stomach the dips? - page 4. (Read 2091 times)
I really hate this dip that happening on the market and in the whole industry of crypto. There are too many factors why this is happening in the market. Hope that this will end soon. I'm very excited on the payday as I have to many coins and tokens that was pending to be sold. Hope that this monster end and the December will be great again like last December 2017.
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 you already a long time experience trader in crypto then that deeps is still a very normal in crypto trading in my case i am not always checking the price of my profulio to avoid panic selling and i do only hold in long term trading.
You need to decide what kind of trader you are.
If you are a day trader then you should always cut your losses at 5% other wise you are cutting your gains for the day. If you are a swing trader then 20% drops are fine (albeit very large) the analysis will follow through if it is right. If you don't trust your analysis then you shouldn't have put your money into it. At this point people become hodlers.. if you are a hodlers either because of the mentioned reason or you researched and believe in the project then you have to wait several months to years. I learnt how to improve myself as a trader by joining this discord https://discord.gg/HSMHyCy they have helped me learn a lot about trading because there are a lot of experienced crypto personalities on here
If you are a day trader then you should always cut your losses at 5% other wise you are cutting your gains for the day. If you are a swing trader then 20% drops are fine (albeit very large) the analysis will follow through if it is right. If you don't trust your analysis then you shouldn't have put your money into it. At this point people become hodlers.. if you are a hodlers either because of the mentioned reason or you researched and believe in the project then you have to wait several months to years. I learnt how to improve myself as a trader by joining this discord https://discord.gg/HSMHyCy they have helped me learn a lot about trading because there are a lot of experienced crypto personalities on here
When the Altcoins I hold decrease in value, I immediately stop losing when I reach an estimated reduction of about 10%.
I am most afraid and hate when my capital decreases because I hold Altcoins too long.
I am most afraid and hate when my capital decreases because I hold Altcoins too long.
Usually, I stop to trade during these periods. I become a HODLER. However, as soon as I am a very active man, I start to seek for the best Bounty campaigns. It helps.
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?
It gets harder and harder when it goes longer, its not about the dips that makes me really sick but its the timing of it, if it went down quickly but corrected harder than I would be fine however when it goes on for months like this (it has been what 6 months since we had a good bull run?) I get sick and keep having harder time to find the will to continue.I have been a full on crypto person for over 4 years now, I have not worked for a regular job for over 5 years yet now with this 6 months of break from a decent run I have started to realize I do need a regular job to have a base to work, thankfully this bitcoin run of my life helped me a lot to improve myself however it will not be enough and will have to return. Basically I am fine with drops but I am not fine with long term bear market.
When the Altcoins I hold decrease in value, I immediately stop losing when I reach an estimated reduction of about 10%.
I am most afraid and hate when my capital decreases because I hold Altcoins too long.
I am most afraid and hate when my capital decreases because I hold Altcoins too long.
After my 2 years in the cryptocurrency space, after all the panics at the beginning(first few months) of my investment journey, you simply kinda just get used to it. A huge factor is also that even though I invested a significant amount, if ever my crypto investments go to zero(even if it's kinda almost impossible), I would still have a place to live in and have enough money for food and to start over.
A bull market right now would be really nice, though..
A bull market right now would be really nice, though..
I agree with your statement that one key to being able to "stomach" the low drops in the market is to be comfortable with the amount of money that we have invested in. Losing time and energy is not as bad as losing a significant amount of money. We have to invest with the mentality that we will be okay still if we lose X amount of money.
Hodl just until the coin goes up again, because with this one-on-one way so your money is not lost. if you are in Stoploss in a minus estimate then your money will be completely lost.
but different if you have patience in Hodl, until your coin up with his own. Surely you will experience profit.
but different if you have patience in Hodl, until your coin up with his own. Surely you will experience profit.
I think the loss is depend on the market when you have good understanding and you think about the market and market trend also when you can earn a good profit but by good understanding you can sell it small loss to aware of big losses,
Well a dip is a dip and we cannot stop that. But we can do something to lessen our losses and to increase the possibility of getting profit. For me, a dip is one way of collecting more bitcoins and hold it until bitcoins value will come back again to 20k$ then I will sell some of it. A dip is an opportunity for me to buy more coins in a very cheap value.
And in the chat he invited anyone who bought him a pizza, 10000 Bitcon. One of the chat participants, responded to Laslo's request. This was the first perfect deal involving bitkoyn.
If there are sure chance that the price will drop,i will sell at the top first and buyback later of course.If there are no certainty i just hold and keep buying when the price got a big drop.I only sell when i need money regardless the price,so it easier for me and i'm not a hardcore trader who think to gain profit every chance they get.
i am working with bitcoin for more than a year. i always loves to store bitcoin.and ,i always get profit for holding because, i always buy more bitcoin than i deposited in the time of low value.use this tricks, you will see the success.
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?
Well I am a pretty old member here on the forum and have spent so much time that I know that dips are the right time to buy bitcoins or any other crypto, so I always buy bitcoins whenever there is a huge market crash or anything like that, in case of a market pump I try to sell my coins at a fixed price that I keep in my mind as while watching the price rising the greed in a person also rises, so I do this just to be safe and not get influenced by my greed. 
I'm with Bitcoin for a long time now and this is not first such experience for me. So actualy I'm calm and this price drop doesn't give me the headache.
To sell now it's not the good thing to do, especialy if you have bought Bitcoin at higher price. Be patient, don't give up, the price will recover.
I think that one of the problems is that everyone get spoiled with price we had at the end of next year and now are many disappointed especialy new and unexperienced users.
To sell now it's not the good thing to do, especialy if you have bought Bitcoin at higher price. Be patient, don't give up, the price will recover.
I think that one of the problems is that everyone get spoiled with price we had at the end of next year and now are many disappointed especialy new and unexperienced users.
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?
To be honest, I have not yet learned how to deal with these adverse market conditions, because in many of the currencies where I have invested most of my capital, they have lost more than 90% of their value in relation to their ATH, so at the moment I have lost about $100,000 in a couple of months, and I have no other options than to continue holding my coins.
At this stage of the game, when I have already lost 95% of my money, I do not care about losing the remaining 5%, so I do not have too much to lose if the downward trend continues.
Yes, the majority of traders do this, they buy during price falling and sell when prices rise and reach their peak. So someone bought it and made a lot of money on it.
I drink a beer, watch tv. Live my life as I normally would. Close all of my wallets, keep my coins locked safe and just forget about the cryptocurrency market for a bit because you might go crazy if you keep looking at the chart every minute especially when the price is dropping fast so the value of your portfolio is decreasing rapidly. I tend to just stay away from it all.
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?
I gave up on trying to time the highs and lows a long time ago. I will make multiple buys as the price is dropping to dollar cost average my buys. I usually don’t sell coins unless it’s to trade it for one that I think is better. I find that long term holding is a good strategy because there is a lot of room for cryptocurrencies to gain value over the next 10 years or more.
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?
It really pains me to see those dips on the price of bitcoin but I am one of those who stlll hope that the price will go up. It happens before where bitcoin price plumetted but recovered. I think it is better to hold and wait for the prices to go up.
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