How to know before the Dump? - page 23.

speedy1987

sr. member

Activity: 462

Merit: 250

Quote from: curlyti on February 21, 2018, 09:15:29 PM

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.

Makrochain

newbie

Activity: 130

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Quote from: curlyti on February 21, 2018, 09:15:29 PM

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 the market is fluctuating continuously and extremely difficult to predict, bitcoin prices in the past also. After reaching $ 11,800, it immediately fell sharply and is now at $ 9800. I think the bad news is that the price of bitcoin dump is so strong, we can see continuously that the ban is still in India, the trading floor of the most expensive bitcoin has made the price of bitcoin fall. Falling extremely strong in recent days.

nndep3m

member

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First Payment Gateway using GoldBacked cryptocurre

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.

Nylelyn

member

Activity: 296

Merit: 13

There is always a mystery in bitcoin price due to it's volatility that makes it difficult to predict the dump. If all of us know exactly when to buy and sell to obtain big profit there there would be no trading that will happen. It is good to remember that this process is always a two-way, meaning win and loose. A sure win-win game would mean a 24/7 monitoring which is a little hard to do. However, some indicators might be useful. Once a coin hits its peak, it can be a signal also anytime sooner or later, slowly the price will go down and that is where we should be preparing. One by one, traders will sell in small quantity until most sells out of negativity. We just have to have the time always not to overlook and missed out these chance.

alyssa85

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CryptoTalk.Org - Get Paid for every Post!

Quote from: curlyti on February 21, 2018, 09:15:29 PM

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.

You need to sell on the way up, in small percentages. Nobody can time the exact top, and no-one times things perfectly, so you take profits gradually as the market moves up.

The reason people don't do this is greed - they think it can go even higher. This is foolish thinking. Take your profits, don't think about how much more you could have made. Just be glad you are in the red.

reynand

newbie

Activity: 143

Merit: 0

No one will know when it will dump or goes up. The market are volatile which mean it goes up and down and nothing can protect your balance. When it dump you can choose to cut loss or you can hold them until the price is back.

crea8ivemoiz

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Merit: 16

Yes Please, Any good guidance.

DoctorMoney

jr. member

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it's normal in the crypto to see your portfolio go down up to 30% sometimes, but as I understood you're already in the profit zone +3k usd, I wouldn't be much worried about losing money in your case, but yeah keeping up with the profit is hard, that is why most people try only to focus on gaining more of a one coin like more btc regardless of how much it is worth, or more Eth , they don't relay on the usd value

Wilsonong222

jr. member

Activity: 130

Merit: 5

Quote from: curlyti on February 21, 2018, 09:15:29 PM

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

VitKoyn

full member

Activity: 490

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Quote from: curlyti on February 21, 2018, 09:15:29 PM

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.

If you feel like the price of the coin/s you have invested will go down then your best choice is to sell it for cash but there is no way that you will know whenever a huge sell out will going to happen, what are your plans with your cryptocurrency? short or long term? if long term then this means that you believe that it will grow more in the long run so you shouldn't worry about the price being not stable because cryptocurrency are highly volatile, if you're a short term investor then why not set a target price on when you will sell and when you will re-buy. But here is an important thing, if you are not comfortable when your investment or coins value dropped then it is better to just not invest in cryptocurrency because all investments have risks and if you don't know what your doing, you will surely lose money. Investing/trading cryptocurrency is not for weak hands.

gaurav@zup

jr. member

Activity: 38

Merit: 3

Signs of a Dump are nearly impossible to know but there are ways to avoid those big dumps.
* Any or all ICO tokens after they are listed on 1st exchange are dumped and then it creates bottom which is a right time to buy.
* In 7 day chart if the coin has shown tremendous upward growth then it is likely to loose atleast 30% of that rise.
* In general major dump happens when the company pushes it's holdings in market eg. bitconnect ... thus keep an eye on the news of your trading coins.
* If any coin has positive market sentiments and masses are speaking about it then the market rises but that is most likely to fade away.
Note: These are my Trading experiences and strategies and this may vary trader to trader.

pooya87

legendary

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you can't always know the dumps beforehand but you certainly can act after the dump started to happen. i mean you are claiming you have lost $18000 or 60% of your money! why did that happen? next time when you see a dump in some of those ICOs and Coins you are holding, try selling them when it is still early instead of holding them while watching them lose their values slowly but surely.

that is called stop loss by the way. it is a good thing to have under the hood.

curlyti

member

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X-Block.io

Quote from: Andrey123 on February 21, 2018, 11:44:57 PM

It's impossible to foresee everything!
Yesterday the POS coin rose sharply to $ 8, on the website of Coinmarket.
And there was no such price on the stock exchanges!
And you can not catch this moment, only if you sit at the price chart every day, for 24 hours.

Maybe , the sharks know only . lol

Andrey123

sr. member

Activity: 1778

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It's impossible to foresee everything!
Yesterday the POS coin rose sharply to $ 8, on the website of Coinmarket.
And there was no such price on the stock exchanges!
And you can not catch this moment, only if you sit at the price chart every day, for 24 hours.

curlyti

member

Activity: 228

Merit: 10

X-Block.io

Quote from: Kemarit on February 21, 2018, 10:08:55 PM

Quote from: curlyti on February 21, 2018, 09:15:29 PM

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'm sorry to tell you but there's no way to know when the dump are going to occur. I don't know if there's some sort of insider trading in crypto, because that's the only way someone will learn ahead of time when the dumping will happen. But there are what you call pump-and-dump group, these are group of individuals who practice pumping a certain coin and then they will tell their members that they are going to dump it. That's the closest that you can get. However, I wouldn't advise you to join such group though, because most of the premium members have already cash out in advance and what's left are profits that members will have to share amongst themselves. Yes, I understand you, I also feel uncomfortable that's why I continue to monitor the price and exit on time before another dump happens.

Thank you very much for your advise.

Tynovten_

full member

Activity: 420

Merit: 101

Have you read what a trader should have, if you just go along with it then it is fatal for you. The Trader's soul within that person must be built with a solid foundation. If you want to know and if anyone knows for sure the coin will dump then he is great. No one can know for sure the price of coins are all just collected with the analysis. So you must have that knowledge. Must understand the indicators also always watch the market.

Theb

hero member

Activity: 1680

Merit: 655

The most easiest way is to avoid it. Do not put your money on Cryptocurrency that has a high chance of being dumped. Only invest on cryptocurrencies where you know the developers won't bail out on their holders. That is wht you can do nest is to avoid shitcoins as no matter how informed you are you might be too late before they start dumping their shares.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: rommelzkie on February 21, 2018, 10:06:21 PM

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.

This might help but not accurate , it will give you some basis whether to follow the pattern as it will give more ideas what would be the next outcome, but with your questions OP, it's really hard to say or predict when the dump will happen as crypto industry is full of speculations and because of that, emotion needs to be controlled properly to avoid wrong decisions, just aim for long term hold if you are in an investment type person.

Kemarit

legendary

Activity: 3080

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Quote from: curlyti on February 21, 2018, 09:15:29 PM

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'm sorry to tell you but there's no way to know when the dump are going to occur. I don't know if there's some sort of insider trading in crypto, because that's the only way someone will learn ahead of time when the dumping will happen. But there are what you call pump-and-dump group, these are group of individuals who practice pumping a certain coin and then they will tell their members that they are going to dump it. That's the closest that you can get. However, I wouldn't advise you to join such group though, because most of the premium members have already cash out in advance and what's left are profits that members will have to share amongst themselves. Yes, I understand you, I also feel uncomfortable that's why I continue to monitor the price and exit on time before another dump happens.

rommelzkie

full member

Activity: 294

Merit: 125

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.

Topic: How to know before the Dump? - page 23. (Read 2000 times)