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Topic: How to know before the Dump? - page 22. (Read 2000 times)

legendary
Activity: 1512
Merit: 1041
February 24, 2018, 06:28:30 AM
#43
Study some technical analysis and use support, resistance and trendline break on higher timeframes like Daily (D) or Weekly. This timeframe is good for longtime hodlers like you. Sell if the chart is about to go down and buy at the bottom. Follow your plan 100% and dont get emotional.
Yeah, apparently, there is no one who can tell the exact time when a market will decide to change trend, but for someone who is a trader and knowledgeable, playing with those swings makes a lot of sense. However, it is not everyone who can actually trade, which is why it is important to at least learn how to do some analysis most especially for long term trade, as that helps a lot to take advantage of those swings.

As long as you are holding, just keep holding. One way or the other, your balance will always keep increasing and unless you are trading, you should not bother yourself with what is happening with the value of your holdings. You have said it yourself, you started with $5000 and now even with the whole dump, and you still have like $20k. What else do you want? Market is always volatile, and there is nothing you can do.
newbie
Activity: 38
Merit: 0
February 23, 2018, 06:01:39 AM
#42
We can see it from more badnews,  Technical analysist.  I think so
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
February 23, 2018, 05:18:40 AM
#41
I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.
I also feel like you sometime. and I found that more study and more experience can help you to take the profit from your investment when price up and down. Try to study more and be a large-hearted man not like an emotional person. Try to collect information from some news site where published regularly crypto related news.And I want to say from my experience that only news is enough for dump and pump. So be more alert about news and when you feel price can be dump sell your holding and wait for re-buy.
full member
Activity: 574
Merit: 102
https://adonx.one
February 23, 2018, 04:50:14 AM
#40
Its hard to know before dump, but by use technical analysis in daily chart will help to indicate the dump will happen. Use some indikator like Moving average and MACD will help to know that,  although not 100% working, but that way really help to keep the profit.
sr. member
Activity: 980
Merit: 250
February 23, 2018, 04:10:53 AM
#39
actually you can predict it easily i will tell you why,trading technique are generally done by trader so it has created an impression in mind of many that crypto price will follow the same pattern thus they dump and buy it and as pumping group are increasing thus it also manipulate a certain coin to some extent.
totally agree with you man.much profesional trader in crypto actually they did to in forex.usually user technnical analisys to decided when they want to buy or sell they asset.
member
Activity: 207
Merit: 22
February 23, 2018, 04:01:24 AM
#38
There is no way to know, you just have to invest and hold for long. Because in the future, all we know is that the price of bitcoin might become stable and be above what the price is at the moment. Though, it might be annoying and causing panic but its still pays to keep holding. In some way, I believe that maybe the whale investors whom have invested a lot might have a slightest idea, though, they took can't be 100% sure.
sr. member
Activity: 490
Merit: 251
February 23, 2018, 03:22:26 AM
#37
In my experience, I totally see a dump when January comes because coinmarketcap do some major corrections to the price of cryptocurrency. And also when a altcoins seek at highest price eventually it will dump some other days. So if you notice the price is dropping it is time to sell your altcoins to make profits.
hero member
Activity: 910
Merit: 505
February 23, 2018, 03:21:02 AM
#36
actually you can predict it easily i will tell you why,trading technique are generally done by trader so it has created an impression in mind of many that crypto price will follow the same pattern thus they dump and buy it and as pumping group are increasing thus it also manipulate a certain coin to some extent.
newbie
Activity: 130
Merit: 0
February 23, 2018, 03:17:28 AM
#35
If anyone here can give you a serious answer to your question, they wouldn't even be on the forum. They'd have mortgaged everything they own, maxed their credit cards, borrowed every last time they could, and shorted bitcoin with everything they have. Of course that is a ludicrous thing to do to be that confident in predicting the future, equally as ludicrous as your question. If you ever find out the answer to your question, you Sir would be a billionaire, no pun.
I believe that with a market that is fluctuating continuously as it is now, it is very difficult to know when the price of Dump. Currently though bitcoin prices are recovering very strongly from the current $ 6000 to the $ 10000 level, but only a negative information will make bitcoin prices fall immediately. For that reason I believe we should not be in a bitcoin at this point.
full member
Activity: 504
Merit: 102
February 23, 2018, 03:05:47 AM
#34
I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.

There is no perfect stratagy to use to know if bitcoin or an altcoin is going to dump unless you have sight in the future Cheesy Make your own analysis, i'm sure that in 5 months you already familiar with the flow of the crypto trading. In time of dump of your coins, the only best way to do is to keep holding it.


Well, there is no strategy in knowing when is the dump because you are thr only one can decide how you managed your coin if you think that it loses your money more than 15% or 20% of it. 5 months is not a treat to make you panic but rather 3/4  of a year to be exactly makes you force to do by gaining or losing your capital.
full member
Activity: 476
Merit: 107
February 23, 2018, 02:45:32 AM
#33
I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.

There is no perfect stratagy to use to know if bitcoin or an altcoin is going to dump unless you have sight in the future Cheesy Make your own analysis, i'm sure that in 5 months you already familiar with the flow of the crypto trading. In time of dump of your coins, the only best way to do is to keep holding it.
member
Activity: 294
Merit: 10
February 23, 2018, 02:18:20 AM
#32
I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.
We can see that with a sensitive market like the last time, knowing when the price of bitcoin dump is extremely difficult to know before. It is possible that only one Chinese embargo will reduce the price of bitcoin by more than 70%, as bad news as the laws issued, tightening the deal, that is the reason. due to the price of bitcoin dump.
legendary
Activity: 2898
Merit: 1823
February 23, 2018, 02:12:24 AM
#31
I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.


Yes there are technical tools you can use to predict the crypto movement. These are MACD, RSI and Fibonacci Retracement. The most common and effective of the three are Fibonacci Retracement.

You can search on youtube for online instruction on how to do or use the tools. These are very powerful tool use by traders if you can master this I can guarantee your success.

https://www.youtube.com/watch?v=aZvViAOeQ94

That does not help everyone in my opinion. MACD, RSI and the Fibonacci Retracement are nothing but types of "lenses" that you place in a chart that tricks you into seeing "patterns" that can also trick you to make false "predictions".

If they really worked 100% of the time, we would all be rich.

I believe in patience and in controlling your emotions, especially in manic depressive cryptocurrency markets which clearly move on the whims of emotion. That's why they are so volatile.

One reason to that could be because most of the people who trade them are amateurs. No offense.
member
Activity: 224
Merit: 19
February 23, 2018, 12:58:51 AM
#30
Unless you have some psychic power to see the future then you will not know when there will be a dump. The best thing to do is try to predict it by using your technical analysis, of course it is not certain but at least by time you will be better on your prediction.

Since you mentioned you invested on ICO and if you are day trading then make sure you have a target price and stop loss. Sell the coins that reach your target price or stop loss.
sr. member
Activity: 951
Merit: 250
February 22, 2018, 10:29:48 PM
#29
I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.

Sorry buddy. As per my knowledge there is no way aware of before getting dump. If you want to trade you should have the mentality to accept both profit and loss.Trading is like gambling, the best way to avoid your loss, if price go down, you should keep calm and wait for some days, within few days surely it will hit again. So the patience is helps to avoid your loss.
Yes, if there is any information about dumps, maybe everyone is avoiding losses. but if trading altcoin trades the indicator is the BTC price. If the price of btc rises / falls quickly then certainly altcoin dump price.

Correct, there is no way to predict what is going to happen in the market, the only thing that we can do is to risk our money, time and effort on Trading. Trading is about having more patient than holding, because you can't make better decisions in life if you are always in a hurry on making one, you are just going to regret in on the end that you are making decisions out of nowhere on Trading your coins which you thought it was the right thing to do, but it is not.
To add up an idea about the main point here, the decision of yours is already final if ever we sold the holdings we had. No regret at all once you made the decision, so we can't take that back again. That's a normal thing on dumping a coins asset which you're holding for so long, no one can really predict that after a year or two price will substancially increase. It will gain its price at peak, so people now have a good days trades as well as long term traders.
hero member
Activity: 2366
Merit: 594
February 22, 2018, 08:27:05 PM
#28
I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.

Sorry buddy. As per my knowledge there is no way aware of before getting dump. If you want to trade you should have the mentality to accept both profit and loss.Trading is like gambling, the best way to avoid your loss, if price go down, you should keep calm and wait for some days, within few days surely it will hit again. So the patience is helps to avoid your loss.
Yes, if there is any information about dumps, maybe everyone is avoiding losses. but if trading altcoin trades the indicator is the BTC price. If the price of btc rises / falls quickly then certainly altcoin dump price.

Correct, there is no way to predict what is going to happen in the market, the only thing that we can do is to risk our money, time and effort on Trading. Trading is about having more patient than holding, because you can't make better decisions in life if you are always in a hurry on making one, you are just going to regret in on the end that you are making decisions out of nowhere on Trading your coins which you thought it was the right thing to do, but it is not.
full member
Activity: 277
Merit: 101
February 22, 2018, 08:15:49 PM
#27
I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.


The massive volatility is just part of trading crypto I'm afraid. That is why you need strong hands to do it successfully.  Wink Smiley
It is this volatility that allows us to make to make our huge gains, so its not all bad - even though it is hard to watch your portfolio shrink by over 50% as we have over the last few weeks. Think of it as a lesson in patience.   Smiley

There is no way to truly know when a dump is coming, unless you're a proper whale, or unless you are part of some big coordinated pump and dump effort. All traders/hodlers are suffering from shrinkage right now, so you're not alone.

You just have to learn to ride the waves my friend and just know that if you are invested in solid, long-term projects, your portfolio will recover.. 
If you're holding bags of shitcoins however, now may be the time to consider cutting some of your losses and move into better projects/investments.

As they say, if you can't stand the heat - get out of the kitchen..
Or more relevantly, if you can't handle the 50% dips, you don't deserve the 200% gains  Grin
newbie
Activity: 56
Merit: 0
February 22, 2018, 07:59:13 PM
#26
You can chart and go off the trends but it’s a hit and miss market . It really depends on you and how you control your emotions. If you sell don’t fomo and wait for a dip, or you can always hold till your content with your gains .
hero member
Activity: 1106
Merit: 502
February 22, 2018, 07:15:43 PM
#25
I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.

Sorry buddy. As per my knowledge there is no way aware of before getting dump. If you want to trade you should have the mentality to accept both profit and loss.Trading is like gambling, the best way to avoid your loss, if price go down, you should keep calm and wait for some days, within few days surely it will hit again. So the patience is helps to avoid your loss.
Yes, if there is any information about dumps, maybe everyone is avoiding losses. but if trading altcoin trades the indicator is the BTC price. If the price of btc rises / falls quickly then certainly altcoin dump price.
hero member
Activity: 1806
Merit: 672
February 22, 2018, 09:11:24 AM
#24
Are you asking this on trash altcoins? If so the only way to know a dump is when you are part of a pump and dump group where they plan when to buy it and at the same time sell it all. But I wouldn't recommend you being part of the group as you might be a victim yourself as you can still be left out. So the best way to avoid dumps is only buying Altcoin who are good in terms of projects as it will grow in the long term.
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