How to handle tough times in cryptocurrency? - page 22.

SummerBliss

sr. member

Activity: 910

Merit: 254

Quote from: Wilsonong222 on March 08, 2018, 06:06:08 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?

If you are good at trading and have experience you will know that you must invest the amount you afford to loose which don't push you into depression or you can have extra funds to cover losses and buy some additional coins at the time of dip.Don't even sell all your investment in panic by doing so you lose all your profits and capital.Tough times can be covered easily by holding on your nerves and when boom period comes you can enjoy the profits.

Bobby park

member

Activity: 546

Merit: 24

Don't just rely in cryptocurrency investment. The best move is to invest not with your money but the excess money to your daily budget in order for you to hold in cryptocurrency. If you will sell all of your coins in the mpst cheapest price definitely, you just throw away your capital.

fatirborju

jr. member

Activity: 154

Merit: 1

There are times when the ambition is very important but not always big enough to motivate you to move forward, you should also not be too focused with the rise and fall in prices that will make you weak, and it's good you to do research and learn anything that can be useful to the business you......

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote from: Wilsonong222 on March 08, 2018, 06:06:08 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?

Don't watch the prices constantly, you'll drive yourself mad.

You can also lend your coins out on Poloniex which should help you increase your stash of bitcoin. Over time you should make enough to ensure yiu don't have a losing position anymore.

GoogleBit

full member

Activity: 213

Merit: 104

... don't move.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: Wilsonong222 on March 08, 2018, 06:06:08 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 don't do anything. I have my money in fiat that's why I'm not bothered by wild price swings on the market. And I also invest what I can afford to lose that's why I can stay away and not be affected specially that the price is somewhat stalling at $9K-$11K.

Of course patience and time should be on your side. After the frenzy of December 2017, everyone thought that we are not going to see bitcoin failing below 4 digits. But last February we are all shocked to see it go down and just today as well. So you need not to be emotional as this stage otherwise you might be affected and finally decided to push the sell button which is not right at present situation.

Sahyadri

sr. member

Activity: 744

Merit: 266

Quote from: Wilsonong222 on March 08, 2018, 06:06:08 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.

Vaskiy

legendary

Activity: 2646

Merit: 1106

DGbet.fun - Crypto Sportsbook

Handling tough situations in bitcoin is very simple, and for the same user doesn't need to make big decisions. Just have trust upon the growth of bitcoin as well other digital currencies, because when years pass technology will contribute bug to the population. It's is good to just hold with patience unlike the price variations.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: Wilsonong222 on March 08, 2018, 06:06:08 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?

Until now I still believe in Investments in Bitcoin and digital currencies. It's been a long time, but for me this is a process in Bitcoin's much improved development. None of the instances and previous world of digital currencies always show surprise, we will see it all happening and Bitcoin prices will increase, we all just need to be patient and wait until the time comes.

man22555

sr. member

Activity: 430

Merit: 251

CryptoTalk.Org - Get Paid for every Post!

Always keep some fiat money (or Tether!) to rebuy in times like these. This will grant you a very nice profit. I was able to increase the amount of coins in my portfolio by +30% since January.

Never panic and stay calm until prices explode again. Cool

gon

sr. member

Activity: 460

Merit: 251

Never use money you can't afford to lose for trading and you will never have a tough times.

Yes, prices are moving, this time down. But this happens in every market eventually. I'm trading as usual.

Wilsonong222

jr. member

Activity: 130

Merit: 5

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?

Topic: How to handle tough times in cryptocurrency? - page 22. (Read 3220 times)