How to handle tough times in cryptocurrency? - page 21.

gandhe83

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Quote from: rockie87 on March 08, 2018, 04:23:50 PM

Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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?

Tough times are always bound to come.It's are composoure and patience that makes us strong and very decisive and with this quality

Be calm and analyze the market to see where the market trend goes. Remember to equip yourself with so much knowledge about this market that you can evaluate when the market fluctuates. Do not invest without knowing about it, it is very dangerous for your property.

rockie87

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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?

Tough times are always bound to come.It's our composoure and patience that makes us strong and very decisive with our picks interms of coin.Tough time always gives the most important lesson of life or anything. The best way to deal with tough trading period is to hold your stakes calmly and wait for the right time.

Stedsm

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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.

What I'm not liking here is the way people start being worried about things that are supposed to happen.
Why are you so tensed about Bitcoin's situation currently? During the beginning of 2017, Bitcoin was not even $1000.
It went more than 19x in less than a year, so this was going to happen. Do you think that anything, I mean anything in this world could survive those values for so long in a sustainable manner? Simplest answer is NO.
Why? Because investors are in the mood of making profits, and the fear of crypto bans here and there have made people start to think a few times before investing into this. The volume has gone down immensely, it'll take time to gain back confidence and till then, it's better to stuck at a value (as you said - $10k) than going up and/or down badly - it's neutral ATM and I'm happy with it.

Quote

If you’re at the losing position what is the best thing to do?

Tell me one single investment in this world where you are assured that you won't lose ever?
Even Banks go bankrupt due to severe reasons can pull their hands off when it'll be their turn to pay you your money.
Though, if I were you, I would hold - and hold till my last breath because I believe in the technology. Bitcoin will survive all the obstacles slowly and steadily, don't get too much worried. The happenings are what were expected to happen, so let it be.

LodisMcguire

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Well just keep calm and if you have the money,keep buying bitcoin.When the price start moving,there will be profit to gain.I know it's hard to wait,but patience is the key,don't panic and keep your cool.I hope the time is coming soon.

serjent05

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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?

Hodl is one of the best thing to do. The reason for this is that, bitcoin have the ability to recover. It is sepculated that bitcoin once saturated the whole world will increase in price greatly. Or you can scalp or day trade. This will t least make your time worthwhile waiting for the price of Bitcoin to go up.

pawanjain

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Nothing lasts forever

If we look at the charts of Bitcoin from last year, we can notice that the prices were decreasing until March-April and it was after that the price started to increase and gained a huge spike at the end. If BTC follows the same pattern this year too then we should at least be waiting until April ends so that we can get an insight about how BTC is going to perform over the year. Although anything could happen as we cannot predict crypto's future, we can still believe that there might be a spike in BTC's price in the upcoming few months.

bitbunnny

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First of all you have to learn how to be patient, how to control your emotions and keep cool head. You also need some experience and then you will be able to survive the tough times.
This is important because from time to time there will always be tough times, you can't escape it. So when you are at losing position the best thing is to wait for the price to recover and the worst thing is to do panic selling.

poplolnman

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Quote from: Sahyadri on March 08, 2018, 08:44:46 AM

Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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?

That $20k was just because of the hype. Bitcoin surged insanely from $4k in September to almost $ 20k in December and that isn't at all organic. After all that dump in January and February, the present growth can be termed as organic with BTC maintaining it's price for 2 weeks, market can be said to be maturing as volatility is decreasing percentage wise. Still, any rumor or news have decent effect on price. But market easily recovers now. A dump after a huge pump followed by a stable period is healthy for the market.

Simply just close your eyes if you think you can't deal with crazy market like crypto , it's full of unexpected things and yeah a healthy market always look for the right price , a growth like what we've seen a couple months ago could be considered as a bubble , some people dump it and it's causing corrections several times , it's like never ending dump but seriously 5 fold growth within a year aren't good for anyone , just the matter on how we analyze the recent situation.

Ctn

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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?

This is the situation when they say "keep it calm and do the karma". You have to be very patient during such situations. If you don't keep your mind calm then you will make decisions which you will regret later on when you will see yourself in loss or when you will recognise that you could have gotten huge profits on the holdings.

So you see I'm depicting you the future here. This is what will happen if you don't keep yourself firm on your decision today. So it's in your hand now whether you have to be strong during such situation or whether you have to regret the whole thing later on.

GoogleBit

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... the moment you feel realy bad with your cryptos, is the moment to buy. My 5 cents.

supine

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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?

All kinds of investment is risky that's why aside from our money, patience is our number 1 capital here in crytoworld. Bitcoin is volatile and the price is changing unexpectedly, what we need to do during tough situations like this is just to relax and hope for the best. We must not panic because decrease of the value is just a part of it's votality.

Night4G

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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 best thing to do is to sell your bitcoin when its price is decreasing then if its price starts to increase , buy and invest those money that you got from selling your btc. If you cant afford losing, my opinion is to hold and wait for a big pump

crisanto01

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Whenever I am seeing that my investment is losing, I am also losing some part of my life so for me, whenever I am losing hope of feeling down I am just staring at my family and seeing what I would love to see in their face after many years, so I have to work hard and never quit.

Caladonian

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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?

Trace back everything and your worry would be lessen, I mean crypto have its downfall and what we needed to do is just wait, keep buying more and never to fall into panic, bitcoin and other quality alts will bounce back, the market will be healthy again, most of the time those who holds for long time
are the biggest earner inside the crypto industry.

whirlcoin

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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?

Just make use of that tough time into money,if the price keeps dumping for a while then sell that coin and then buy when the price starts to recover so you actually can make money by doing this and when it comes to bitcoin surely this method will work.
Or just hold and never trade it for lose and then don't invest the amount that you can't afford to lose.

bozo333

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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?

Few peoples are only stuck this time but many investors are experts in crypto platform so they are all prepared in that situation they will face it whatever happens in the crypto market. The good traders are thinking three ways of the crypto trading so don't think narrow mind then only survive this platform it is my ethics.

okala

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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?

Actually I don't understand why bit coin should be hoving around $10,000 for the past 2 week and I have give it a thought that bitcoin should be at a very high volatile since the end of last month. We are at a time were we would need a positive fundamental analysis and also using experience to find out why price has be were it is and there is no moving on.

Findingnemo

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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?

We loss our patience levels in sometimes it is because of some reduces with our investment it feels very bad for not only me but also many of people like me so this is only one way to control to hold your patience however your you win in your target . Hold more days get bigger profits.

litepresence

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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 will also hold until my lost hope. I have a great hope towards the cryptos, right now its time is down but market will surely gain up. I will never panic and never check for the prices constantly where its up and down will make my bp to raise. I will stay calm and make a technical analyse of the current market and my decision will be based upon that.

audaciousbeing

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Quote from: Wilsonong222 on March 08, 2018, 07:06:08 AM

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?

At this time, since a losing position has already set in, there is nothing to be done than to manage it so I see only two options at this but what matter is the aftermath of the decision because that is where either happiness can set in or some unending guilt which might not leave for a very long time.

1. Set another lower point based on the amount of loss you can accommodate at this time and sell if its falling below that point.

2. Wait till the time that the market might take a positive turn of events of course this would seem very difficult especially if you are active on the forum where price panic is being posted here and there. But if you can close your eyes to checking the prices and set like a month to see things, you might be surprised on how price might have recovered.

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