When volatility is high definitely try not to panic.
I am still holding all my positions for two main reasons:
a) I have faith in cryptocurrencies and how they will become more and more popular.
a) the market is still on an UPTREND. Look at the market change in the past six months here:
https://www.bitscreener.com/screener
virtually every coin in the past six months has been on an uptrend, so we should look at it from a much wider perspective and not focus on the day to day charts.
That's why I am holding and I am confident.
Topic: How to handle tough times in cryptocurrency? - page 20. (Read 3182 times)
We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.
If you’re at the losing position what is the best thing to do?
If you’re at the losing position what is the best thing to do?
If you can believe cryptocurrency then no worry about this correction this is common, actually a real trader can use this opertunity and make money in future. I am just holding my coins and also buying new altcoins for a cheap price. i was waiting for this movement to buy my fav coins for a cheap price.
We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.
If you’re at the losing position what is the best thing to do?
If you’re at the losing position what is the best thing to do?
You can sell right away to avoid losing more and get out of the stressful situation, or if you are a straight trader then you choose to hold and hope everything will be fine along the way and recover or even gain in the future, it's really very unstable right now.
In such a situation as now in the cryptocurrency market, you need to be out of the market, the cryptocurrency should be sold already. Wait for the growing trend and buy.
If you have not had time to sell, just wait. The market will not fall forever.
If you have not had time to sell, just wait. The market will not fall forever.
Well, we need to forget about crypto currencies for now. We need to forget about what we hold instead we need to do something that we can forget about it.
When just liquidated or burnt a part of my portfolio i usually do is just relax and don't look and trade for a few days to recharge and not think about the loss because one of your worst enemy in trading will be your emotions because you will be greedy.
The best thing to do now is to "WAIT" we can't do anything but to wait. That's the only way to survive this crisis in market we need to wait patiently. In order to survive we must encourage our seves to have vacations and trip and forget about bitcoin, forget about crypto for now.
Tough times in cryptocurrencies should be handled with caution, one should not be in panic ans must stay calm as possible. Always remember that you know how risky and unpredictable cryptos are snd yet you still get into them. So face tough crypto times with a braveheart. Being cool and focused would help a lot in being able to make intelligent decisions.
It happens in the crypto don't be panic or distracted if you face bad times while you handling crypto, tough time is not permanent handle those situations cautiously think in a different manner wait for the good times, very important thing is patience.
At the moment the price of BTC is 8,900 USD and forecasted to go down up to 6,500 USD. I’m still contemplating to hold even though I almost lost 20% of portfolio’s value. Technically speaking if I will continue to hold until it will go to 6,500 USD the total loss I will incur is 42%. I’m really confused if I will sell to day to cut my lost or believe in the popular HOLD strategy.
During these tough times you can rely on the present tools available to you which are the technical and fundamental analysis. Trading plan also plays major roles in executing your decisions. Based on my own analysis the BTC price will continue to dip same as your analysis. You need to follow your gut instinct in these moments.
It happens in the crypto don't be panic or distracted if you face bad times while you handling crypto, tough time is not permanent handle those situations cautiously think in a different manner wait for the good times, very important thing is patience.
At the moment the price of BTC is 8,900 USD and forecasted to go down up to 6,500 USD. I’m still contemplating to hold even though I almost lost 20% of portfolio’s value. Technically speaking if I will continue to hold until it will go to 6,500 USD the total loss I will incur is 42%. I’m really confused if I will sell to day to cut my lost or believe in the popular HOLD strategy.
It happens in the crypto don't be panic or distracted if you face bad times while you handling crypto, tough time is not permanent handle those situations cautiously think in a different manner wait for the good times, very important thing is patience.
I did not see result of my investment in short times but in long term, and i still keep positif about the market. Cryptocurrency market will continue to growing in long term, and this down trend will be finish and continue change to uptrend. And to minimize the risk some of my portfolio should be for day trading because now bad times for long term hold.
To overcome the difficulties in the cryptocurrency market, the best thing to do is to patiently keep the crypto and wait for the price to rise again, you should not sell off, because in the future cryptocurrency will be a market that plays Very strong. Or if you have trouble with money you can sell a little to cover your life
you can hold till it goes up , or try to trade some more which is pretty hard right now. best thing to do and what is do is just sit back and spend a little less time on crypto. i think the market will recover in the coming months , so hold or buy some more and wait it out.
We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.
If you’re at the losing position what is the best thing to do?
I think surviving in crypto is a tough time because I'm used to it, maybe looking for benefits from the current condition or taking advantage of a certain moment to make a profit, if my position is lost I will take back that position maybe with another way. If you’re at the losing position what is the best thing to do?
Cryptocurrency is just like any other money or stocks in the stocks market. You either win or lose. If you invested most, if not all of your money in it, you really have to worry. In the game of investment, it's not always advisable to put everything you have in one box. Now, if you only invested a part of your money, there's no need to worry. Check the price history and see if there is a pattern like how long does it take before the value goes up again, etc. Some people play it while still in the low. They only gain little but the point is at least they still gain even though the value is down.
We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.
If you’re at the losing position what is the best thing to do?
The only thing that we can do now is hold and wait, that is the wisest solution, because think of it, if you sell now and try to cut your loses than you are actually going to lose, but if you accept your faith and just be paitent and hold than eventually the price will go up agin and you will get your profit back, the whole market requires paitience and the ability to adapt to the situation, if can't handle a little lose its not for you. If you’re at the losing position what is the best thing to do?
We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.
If you’re at the losing position what is the best thing to do?
If you did invest large portion of your money or savings then relaxing isn't really possible into these times specially when you do saw price of bitcoin is going upwards a little and then drops down on big percentage which these movements can really make you panic when you always active on seeing price movement of bitcoin.It isn't really new anymore and its always been part of crypto investment.On this cases you cant do anything about it but to wait for recovery.Dont sell out on loss because you would mess up the entire situation even more.If you’re at the losing position what is the best thing to do?
We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.
If you’re at the losing position what is the best thing to do?
If you did invest large portion of your money or savings then relaxing isn't really possible into these times specially when you do saw price of bitcoin is going upwards a little and then drops down on big percentage which these movements can really make you panic when you always active on seeing price movement of bitcoin.It isn't really new anymore and its always been part of crypto investment.On this cases you cant do anything about it but to wait for recovery.Dont sell out on loss because you would mess up the entire situation even more. If you’re at the losing position what is the best thing to do?
We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.
If you’re at the losing position what is the best thing to do?
It is very key to define what type of player one is, short or long term. If i am a day trader for instance and my trade is breaking all support lines with negative FAs all around BTC and/or the coin, then i cut my losses to look for another opportunity. But on the other hand, if i am a long term holder of say 6 months upwards, i just simply buy and hold in my hardware wallet until the need to sell arises and of course after a massive profit. If you’re at the losing position what is the best thing to do?
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