Topic: How do you stomach the dips? - page 7. (Read 2091 times)
With the current situation, this price dips would somehow be temporary and for those who still have the capital, it would be best time for buying btc at a price where btc is cheaper. Long term investment should be considered when investing bitcoin and just wait more time for btc to regain it's growth.
rash discussion of selling bitcoins at loss
Wow you mean you actually brought in at over $10,000 because your the first one here to ever admit it.
I pulled out at $18,000 because the fees hit $55 per transaction so I made a killing myself but really i was helping
those that wanted to "Buy on the dip" because for every buyer you know, you have to have a seller but hopefully I can
help the miners out and buy up some of them 1080 GPU's graphic cards they might be forced to sell being such a nice
dude myself
I generally just hold them when during dips as I think that it's better to wait and analyse the situation than making rash discussion of selling bitcoins at loss which you can regret later when prices are back to normal or has increased even more.Bitcoins are good for long term investment and with patience and calmness during dips can be profitable at long run.
During Tulip Mania they had dips until one day they didn't and I sold on the dip when Bitcoin was last at $18,000
because it was obvious that the miners where holding a knife to our throats at the doors of the casino by charging
a $55 fee and calling it a donation.
No one trusts the development team and some of us know that the lightning network is nothing more than a system
of banking hubs but if you want off-chain block-chain then keep hanging around and ignoring the obvious news.
https://www.youtube.com/watch?v=UYHFrf5ci_g
We can always blame Kim for north Korea if it goes to zero right
because it was obvious that the miners where holding a knife to our throats at the doors of the casino by charging
a $55 fee and calling it a donation.
No one trusts the development team and some of us know that the lightning network is nothing more than a system
of banking hubs but if you want off-chain block-chain then keep hanging around and ignoring the obvious news.
https://www.youtube.com/watch?v=UYHFrf5ci_g
We can always blame Kim for north Korea if it goes to zero right
You can try and short to buy back in lower but if you dont have some strong technical analysis to back it up its likely you will trade poorly.
Been stomaching this shit for years, when you understand that most of these coins have a FIXED supply but increasing DEMAND it makes it alot easier to just hold and wait.
If you cant treat the money you put into crypto like a savings account then your in for a stressful time. Good luck
Been stomaching this shit for years, when you understand that most of these coins have a FIXED supply but increasing DEMAND it makes it alot easier to just hold and wait.
If you cant treat the money you put into crypto like a savings account then your in for a stressful time. Good luck
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?
There's no need in this question in the topic better to think what to do in this situationIf the price in all coins drops so low better to do is just hold because first you already take the risk so you already prepare to lose that
I think also if the coins drops i'm sure it will be back soon by their current high price
I don't really mind them. When I was starting with cryptocurrencies I was always scared that Bitcoin might collapse but after some time I learned that these things happen and we can't avoid them. In fact they are even healthy because they are a proper time to sell your BTC and buy when the price goes even lower. What a shame that many people panic always when a correction starts. Later they blame Bitcoin for their loss even though they were aware of what they were doing.
These are different times, now it's not just investors buying and selling what makes the price rise or drop. Now the threat comes from banks and governments. They will come with worldwide regulations and that could do serious harm to cryptocurrencies. Governments will not just tax, they'll, worst of all, centralize. This is causing the price drop of the last few days.
When I was new in bitcoin the price was just around $570 then just few months have passed it blew up to $10000+ . Now I am still working with bitcoin and don't feel too much about the price going down because the price is actually still high for someone like me who work more to earn it than investing large sum of money. In my case my profit may be reduced a bit but still I am earning.
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.
I hodl because I am not a good trader and I don't want to have to be near my computer at all times of the day to do trading. I have believe that the markets will go up and I am not greedy, thus hodl approach works good for my circumstances.
Wich stomach? I already sold my stomach for buy more btc at the dip.. Unfortunately the dip of yesterday was the high of today..
Kidding apart, is always risky to short bitcoin, i always buy/enlarge my position at every dip.
Kidding apart, is always risky to short bitcoin, i always buy/enlarge my position at every dip.
I traded shares for almost 40 years so I am used to peaks and troughs of investments. Try not to be consumed with daily movements. If you want to trade then try selling on the upward and buy back on the downward but if you sell it may not go below that level for buying back.
Im relatively new to markets. Before Bitcoin I had no idea about most things economy wise, but since I have been in Bitcoin for a while, I have had a training program in the form of the MtGox crash, where I saw it go from $1200 to near $100... this was the biggest crash of all times in Bitcoin, which is why all these guys screaming doom about any further crashes seem like a joke to me.
Once you've saw it drop 90%, then recover to go almost x20 of it's current ATH... how the hell can people fear Bitcoin failing? it has shown how it can recover from death itself. It's a matter of having a strong hand.
You know why they fear? Because they have bought at the top
I traded shares for almost 40 years so I am used to peaks and troughs of investments. Try not to be consumed with daily movements. If you want to trade then try selling on the upward and buy back on the downward but if you sell it may not go below that level for buying back.
Im relatively new to markets. Before Bitcoin I had no idea about most things economy wise, but since I have been in Bitcoin for a while, I have had a training program in the form of the MtGox crash, where I saw it go from $1200 to near $100... this was the biggest crash of all times in Bitcoin, which is why all these guys screaming doom about any further crashes seem like a joke to me.
Once you've saw it drop 90%, then recover to go almost x20 of it's current ATH... how the hell can people fear Bitcoin failing? it has shown how it can recover from death itself. It's a matter of having a strong hand.
I traded shares for almost 40 years so I am used to peaks and troughs of investments. Try not to be consumed with daily movements. If you want to trade then try selling on the upward and buy back on the downward but if you sell it may not go below that level for buying back.
Well put 
I don't anymore. Sick of the market this year. I went ahead and sold everything.
Are you going to purchase any when the price goes up? I suggest that you have some money to spend on that. 
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 is the key to manage the price dump. Whenever we see the bitcoin and other alt currencies dumped in the market. Initially we need not panic about the amount go to sell it.
With in some weeks all the amount will settle back to decent value in the chart.
This weeks dip definitely you might noticed via the news which says about mt gox, crypto regulations on trading cryptos.
I don't anymore. Sick of the market this year. I went ahead and sold everything.
Firstly 20% plus decrease is not much for cryptocurrencies. People can make %5000 profits in short times, so decreasing and losing money is normal for crypto trading. I think you must not be afraid of selling with loss, because most of the times bearish trend decreasing to 90% is normal. you can buy when it is really cheap
Simple, I don't think about it. Or I just think that when I first came in here it was just around $500. Pretty neat huh? When you think of lows like that, even plunges to down $5k don't look so bad.
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