Topic: How to handle tough times in cryptocurrency? - page 14. (Read 3182 times)

For me, the best thing to do is to find coin that is worth your bitcoin. Search a coin that you think will give you huge profits. Begin by reading their white paper and checking if their is a niche market with their platform. Because waiting for bitcoin to rise as of now will give you little profit and you need to wait longer for that to happen. Just take the risk and diversify to minimize lose.

Truth

Just believe it will turn better soon 

How does Tether protect you from cryptocurrency volatility?

Tether moves across blockchain easily much like any other digital currencies. Tether currency isn’t money but they’re digital tokens designed to work on blockchains. It holds their value at 1:1 ratio to the underlying assets.

In order to keep your cryptocurrency safe and to lock in gains without bearing loss, there are two options:

1. Keep moving the money to another cryptocurrency, like Bitcoin, Ethereum etc.

 
When you gain after investing in one cryptocurrency you want to take an advantage of another cryptocurrency. Not moving ahead from the cryptocurrency that has already given you enough gains, is a type of risk. For example, if you look at some of the coins, the prices are dropped by almost 50% after a certain period of time due to the high volatility of the cryptocurrency market.

In Tether there is an opportunity to earn. Where the Tether hold 1:1 (1 USDT is equal to 1 USD, at all times). 

So, to keep moving your gains from one cryptocurrency to another would be much better than bearing the loss.

2. Transfer the money to your own bank account.

There are enough possibilities for the price to fall as rapidly as it rose before. So, it becomes a primary concern to stay safe and profitable.

However, ETH-USD is pulling itself to reach $480, so we can take an advantage of this opportunity.

If you sell BCH-USD and transfer the money to your bank account, then it can take several days before you can execute another cryptocurrency trade. Let’s take one example: If you buy Ethereum through Coinbase and move it to a different exchange to trade for other cryptocurrencies, this process from a Coinbase will take 3 - 4 days to complete a transaction and again if you want to buy BCH-USD, and again it will take 3 – 4 days to complete a transaction.

Yes, it's time-consuming but one of the best ways to stay safe.

A tether guide:- https://cointopper.com/guides/what-is-tether-usdt-and-how-it-can-help-you-save-yourself-during-crypto-bear-market

In handling tough times in cryptocurrency you should know first, how to handle yourself in this kind of situation, dont over think and panic,
just calm down to manage this properly and also to resolve this in the good way without hesitant and regrets.

The best way to cope with a difficult time is, first of all, not to panic, rarely go to the exchange, where you are bidding and simply trite waiting for improvement. After all, as they say, until you sold a coin you are not in a minus.

The best way, to handle the tough time is to hold the hold the coin because everyone knows that cryptocurrency market will increase but it needs some specific time. Meanwhile, we should not bother about our investment, we have to stay calm and control your emotion by not seeling them for low prices.

I always follow the bounty program so that my income is always there if I'm not lazy to do anything while looking at the market, if the green market I directly tarding again

It’s not really easy to handle a tough time, it’s always best to avoid it before it happens. I have learnt to be using one method and that is to withdraw and cut my loss short before it becomes a huge loss. When the price got to $19000 I was looking further to more upward movement, but it never showed signs of going further, rather it dropped to $18k, so I withdrew before more loss occurs. That was a huge profit I made back then, and I made more investments when the price went down.

The best thing to do in tough times in cryptocurrency is stay calm, compose and don't panic. So that you can think clearly. And you will not lead to a decision that you will regret in the future.

If things go up without stopping it will eventually stop. I have faced my problems in being FOMO'd and I would sell that coin if I am starting to lose it down.

In terms of involving investment method of cryptocurrencies be presence of mind and don't let your emotions high so that we we're able to handle difficulties of situations. Everytime ,we are involve in trading it is the toughest time because we are monitoring the markets volume when to start trading or should we hold for.

It is really hard to be in this situation most especially during the entry in the resistance 2 level.  It is easy for to say to calm down but in reality if we are in this situation the normal reaction is lose control of the condition. In addition to hold the position maybe it is also a good practice to temporarily have a break in trading until such time you already know your next move.

Close your blockfolio and spend some time with friends and family. Clear your mind and focus on the good things in life and stop caring about short term volatility because bulls will be back in action sooner or later.

Just  relax mate just hold time will come we will  recover and we can recover, for we all know we just in middle of the year, as predicted bitcoin price will reach to the level haven't reach before.

Not all situations of traders would be similar as yours which there would be always an encounter either emotionally draining because of seeing your portfolio going on red or deep loss on a bear market.If you do already holding up for longer or lets say years where the profit was just enough to cover the bearish trend then that would be good because you are not stressed since you are still seeing positive but on over all its just like the same because profits would be still on loss.

If you are dealing with a huge amount of money, it is emotionally draining when you see your investment going down, but if you have entered the market when the price was low then there is nothing much to worry, all my investments in this market are in profit and i really do not care when the price crashes in the short term, i am just in it for the long term and if there is a major correction i will evaluate my positions.

Don't accuse someone that do buys merit with just on this post.You don't even know if its true or not coz someone can really give him merits as they do like and you cant do anything about it or its just totally out of your business.

Back on topic, you cant really say that we should not being too emotional but these things cant really be avoided yet we are risking out our money that's why its normal for a human being.The thing here is that on how you gonna handle in times of this one. There are lots of ways on diverting your attention into other stuffs.

Is this dude just buying merit?   5 merit for two sentences.   

Handle tough times in crypto by not panicking and selling while things are low.  There's still plenty of action on almost every coin to daytrade with, so you can focus more on that if you prefer.  Just don't get emotional.

except for self-confidence, you must have more knowledge and skills to trade in crypto currency. Only having all these opportunities and qualities you can be successful, or at least at least try to become a successful trader.