How do you stomach the dips? - page 6.

Daimon88

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Quote from: shailkumari on March 09, 2018, 01:33:22 PM

Quote from: CarltonWyatt on March 09, 2018, 12:07:24 PM

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?

Such drops can be hard to digest for new investors. They start investing with the hope that their money will only increase after the investment. Personally, I have become used to these price falls. On the current local exchange I am using frequently I see drops of $200-$300 in minutes but it still does not makes me panic. I know that this is common as we keep getting mixed news related to bitcoins from all over the world. If the prices are not volatile, we will not be able to see those amazing spikes as well.

Indeed. For new investors its hard to understand the market, so they usually panic in such situation. But after some time in crypto you gain experience of the market and don’t fear the pumps and dumps anymore. You should know a thing about all asset markets, “ the fall of market is blessing in disguise”. Its blessing for people to invest their money again at low coin values and gain some good profit after the market recovers and goes bullish. Pumps and dumps are necessary for a healthy market, don’t let them scare you.

pat4cryptoreal

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Because of my previous experience I do not panic about the dip because bitcoin will difinitely rise again. I always sell when there is any rise in price.

pharaon

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Although I received all of my coins in generosity companies, I do not sell them at once, but on the contrary, I care about them, believe in them and projects. The first months after the new year are very difficult, you do not know what to expect from the market and what surprises they will give us.

CodyAlfaridzi

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Quote from: CarltonWyatt on March 09, 2018, 12:07:24 PM

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?

No. I'm just holding it like a boss Cheesy

I've tried to sell the top trying to buy back lower several times in past only to buying at a higher price in the end and wasted a lot of time. Since then I promised to never day trade again. I'm just gonna accumulate and hold. I don't know but I seem less sensitive to drops these days. My trick is to sell some (still small amount) at the top to buy things that you really wanted and save the rest. I did just like this on the last ATH on $18K-$19K. I sell some to make some things done and I'm happy till now. The last 50% drop doesn't affect me too much.

darkr

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Quote from: CarltonWyatt on March 09, 2018, 12:07:24 PM

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?

During this time I have been dealing with cryptocurrency I have learned what it is - to wait. When the next dip comes, I simply stop my activity and start looking for the day when it is up.

nelsledma

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Quote from: mk4 on March 09, 2018, 12:12:03 PM

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..

Once you have experienced the sharp fall of the market in the crypto world, you get immune to it the next time it happens as you know somewhere in your heart that what has fallen will soon recover and rise again. You know that the bearish trend will soon get over and coins shall see bullish trend. So the fear goes away with experience and you get bold on the decision that not to sell in loss and always HODL when the market falls.

trry98

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Quote from: cryptodadach on March 13, 2018, 01:31:05 AM

It all depends when do you need the money. If it is in 2-3 years, or later. You should not sweat at all. At some point, BTC will go higher than 20k, and you can sell

Although Bitcoin price fluctuations are a bit large, I still want to keep it. This is an opportunity. When it goes up, you can make a profit.

Angelia46

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The Experience Layer of the Decentralized Internet

Most of the time you can't tell when it's going to go down, so I'm going to keep it for the long term because it's the most profitable way to invest in cryptocurrency markets.

cryptodadach

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It all depends when do you need the money. If it is in 2-3 years, or later. You should not sweat at all. At some point, BTC will go higher than 20k, and you can sell

Harlot

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Quote from: neonshium on March 13, 2018, 12:59:59 AM

Quote from: diouf67 on March 09, 2018, 12:11:49 PM

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.

True. One cannot predict the entry and the exit point while investing or withdrawing money from crypto currency. So its better to hold if the crypto has already dropped cause you never know at what point it might again start to rise or till what price it shall fall. Better is to keep holding the coins you have and also to keep on buying side by side in all dips part by part.

Same applies while selling, during pumps keep selling your coins part by part so that you are secure even if it starts to dump hard, as you already would have removed the investment along with some profit.

It's not that all risky. If you are seeing the volume and at the same time the price is decreasing you know that the market is dominated by the sellers, when it is dipping it is more dangerous in buying compared to selling. People who are late in selling at a profit can still participate at selling right now hoping for it to dip more. Even this is risky and I may lose a lot of Bitcoin in the process, the chance of holding your Bitcoin at loss is really not a good option as you don't know when it will really rise back up again.

Mystica101

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I just rolled my eyes and didn't bother to open my holdings within the day then I'll come back and check it for the next day to see if there's a changes again but it didn't stop me for believing to hold it as long as I can this is like a normal routine for me to witnessed ups and downs and I'm kinda enjoying the ride that what is crypto is making me experience right now.

brontosaurus

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Ups and downs are the common feature of the crypto market. And being in this space for so many years, I've become used to it. In fact it's not only me, who has become used to all this, it's for everyone who has spend a considerable time in this bitcoin community. Trading definitely teaches us so many things and patience is one of the most important teachings of the crypto trading. So a situation, the kind, you are talking about is what I've been through a number of times!! So I preferably HOLD in such a situation. Of course, the responses may vary depending on the intensity of the situations. And one most important thing in such situations is that one should stay calm and composed instead of getting panicked and anxious.

Crypto Girl

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Quote from: CarltonWyatt on March 09, 2018, 12:07:24 PM

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?

Since i am not new in this field, i get to used with this drops and panic and now i am calm and at ease during the drop. I am HODLING and even buy more during the dipping for it is the great time to get more after the dip. So buy more and HODL then wait for the right timing to sell and get your profit.

Kotone

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Quote from: CarltonWyatt on March 09, 2018, 12:07:24 PM

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 can stomach the dips because I think that given a few days or a few time that the price of the bitcoin will stabilize and it will enable me to become much more successful if I would just wait. I like to imagine it like this is a time for reflection and opportunity where you can buy low and then wait again for it to go up and then you can make a profit out of bitcoin trading that for me is my way of going theough this dips that has been plaguing bitcoin and cryptocurrency as a whole

A Feeder

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Quote from: CarltonWyatt on March 09, 2018, 12:07:24 PM

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 ignore them because until now, I still dont have any tokens or coins earned. You guys are lucky because you have your coins to talk about and I dont. But, if I am in that situation, I will still hodl my coins for future use.

neonshium

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Quote from: diouf67 on March 09, 2018, 12:11:49 PM

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.

True. One cannot predict the entry and the exit point while investing or withdrawing money from crypto currency. So its better to hold if the crypto has already dropped cause you never know at what point it might again start to rise or till what price it shall fall. Better is to keep holding the coins you have and also to keep on buying side by side in all dips part by part.

Same applies while selling, during pumps keep selling your coins part by part so that you are secure even if it starts to dump hard, as you already would have removed the investment along with some profit.

kiver

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Quote from: mk4 on March 09, 2018, 12:12:03 PM

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..

i have to say it's nice that you don't care if you lost some of your investment but also we have to ask our selves why crypto market is so volatile and unstable that's the biggest disadvantages of crypto cuurencies and we also have to figure out way to stabilize the market i hope if anyone has an idea about reducing the market volatility would share it here so we can enhance cryptocurrency market

jayhawk1

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Quote from: CarltonWyatt on March 09, 2018, 12:07:24 PM

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?

Whenever crypto market drops, I just make sure to hold all the coins until the rise again and I also keep buying in all the dips part by part so as to make sure that my losses are covered even earlier and I make more profit. There is no meaning in selling crypto currencies in loss. People usually tend to panic during falls and sell their crypto. Unless you convert your coins into fiat money, you are never in loss cause it might take a bit, but the coins shall recover surely after the market correction is over.

forumsehat

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I really like to buy bitcoin whose price is down and sell it when it's expensive and will wait to get back to buy when the price goes down again, it will be very profitable.

Ultegra134

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Quote from: CarltonWyatt on March 09, 2018, 12:07:24 PM

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've stopped caring actually, I have my BTC stacked aside, not being into any use, just holding and hoping for the best. Moreover, after continuous observation on the price charts the last 2-3 months, I am seriously considering getting into trading to broader my horizons and bear the fruits of dips and pumps.

Topic: How do you stomach the dips? - page 6. (Read 2091 times)