Topic: How to trade when the dip keeps dipping? - page 7. (Read 902 times)
Yes the best way out is to take a break and wait for better times, may be go to a hill station for a week, market is not good 70% volume is lost, let the market recover and show some positive signs before resuming.
Not sure about anyone else, but I buy in the dip and then it dips further! Is it best to just stay out and accept that it's all too difficult at this time?
I just hold when the dip dips further until my desired sell price will be reached again, then my short selling continues.
If that’s the case then I think you should buy everytime it dips down to divide the amount you bought the coins in. And it wouldn’t be too much losses if it dips down more. That’s what I usually do if I have a new coin I wanted to buy.
This is not the first time the cryptocurrency market has been hurt. The recent impact looks like the prospect of taking place at the beginning of 2017. It's like a revolving ring. The crypto market is frozen and modest at many coin value. At this sensitive time, there should be a calm in the trader. Any fluctuation also affects the fall of the coin. But like last year, bitcoin and altcoin will return when breaking through the icebergs.
It is very hard to pick exact bottoms even for good traders. If down days are scary, then wait for a good uptrend to develop before buying.
Some people are in panic because of this red days. For me, it would be better for a long term hold because it may take months until it became stable again however if you are in trading for short term it is very risky to sell in these days and buy in dip because we will never know if it will go back again.
Either you just wait, if not the only way all the coins are going at the moment, southward. But trading psychology is a bit too much for me. It took considerable to trade actually. I myself i really not sure is time to flip when everything is going down. All good time comes, everything just waiting to pump.If you can hold, it is the best time to learn or accumulate.
Yes, the crypto market is becoming more and more popular and there will be a lot of risk going on. Big boats will encounter big waves, so we have to adapt to the harsh environment today to become a professional investor.
The trade is always changing and we need to change according to them, cultivate so much knowledge that you can capture the market in hand.
The trade is always changing and we need to change according to them, cultivate so much knowledge that you can capture the market in hand.
Not sure about anyone else, but I buy in the dip and then it dips further! Is it best to just stay out and accept that it's all too difficult at this time?
If you are afraid that it will dip further then buy in portions. Do not go all-in with just a single price. You can then average down so that even if you buy at a high price, you can still lower it down by buying at a lower price. Maybe you can buy half or even a quarter of your reserve funds and buy more if it goes lower. It will not go down forever so time will come when it reverse and bulls will come back again. You just need to have patience. If you wanted to short it then you should understand how it works because you borrow money from others and if you make a wrong move and do not put a stop loss then there is a possibility you will lose your funds with just one swoop.
This is the issue in my eyes, just hold in there.
https://news.bitcoin.com/mt-gox-soap-opera-continues-karpeles-released-on-bail-shadow-companies-and-whale-dumps/
https://news.bitcoin.com/mt-gox-soap-opera-continues-karpeles-released-on-bail-shadow-companies-and-whale-dumps/
Quote
“I made efforts to sell BTC and BCC at as high a price as possible in light of the market price of BTC and BCC at the timing of sale. I plan to consult with the court and determine further sale of BTC and BCC,” Nobuaki Kobayashi, a trustee in the Gox case charged with paying back losses, explaining why 400 million USD in bitcoin core and bitcoin cash suddenly dumped onto markets. It’s an effort to make Gox creditors whole, part of ongoing bankruptcy procedures which include nearly 2 billion USD worth of bitcoin core and bitcoin cash yet to be sold off.
Just keep it in USDT for now. There has been no serious recovery for over a month. Looks like this trend will continue.
if it's a dip it will go back. this is dead cat bounce bro.
Not sure about anyone else, but I buy in the dip and then it dips further! Is it best to just stay out and accept that it's all too difficult at this time?
Yes, the market is extremely weak right now. If you're looking to buy, it's a good time to sit on the sidelines and wait for an obvious technical setup.
This is not a bull market anymore; it's a correction/consolidation or bear market. Don't get married to losing positions and don't catch knives. Wait for signs of seller exhaustion and accumulation.
Not sure about anyone else, but I buy in the dip and then it dips further! Is it best to just stay out and accept that it's all too difficult at this time?
Some people were trying to make their way at this moment. The majority of them was preventing it from buying a partial amount If the price will go even below that the latest dip and they can still take advantage to buy at another dip again. But if the price will be recovering above the slope and they can make a lot of return. The best way to anticipate the further drop in partial buy amount. 
If you are a trader, as was fairly said, it's the best time to short. But if you are a mid/long term investor as i am, such periods are more complicated for you. That's why it's important to have some part of your bankroll in fiat/USDT, so you could keep buying to low the average prices of your investments.
Don't panic hold it. Don't let anxiety overcomes you. Hold it for a few more months. Study the market, watch the value how it swing, since cryptocurrency is very volatile. And wait for time until it's time. But if it dip to much as more than 40% the value since you bought it, it's time for you to let go. No one knows when it will be pump or dip into hole and gone.
You have a few options in this spot and they are
1) Some assets you can short
2) Others you can't short, and gotta buy hoping for a bounce
3) Hope you didn't get involved in catching a falling knife
1) Some assets you can short
2) Others you can't short, and gotta buy hoping for a bounce
3) Hope you didn't get involved in catching a falling knife
In my opinion, it is better to make your own research and trust your guts.
The most of the privacy coins are undervalued right now.
The best opportunity is to find a privacy-related project with a low total supply (less than 100M), that way the price will be increasing much faster.
I recently found one project called Ethereum Meta, it is related to anonymity and untraceable transaction. They have a very interesting project to build the Anonymous E-Market Place.
They are on ICO stage right now, you can check their website: https://ethermeta.com/
Or even better go through their Bitcointalk thread: https://bitcointalksearch.org/topic/future-of-privacy-ethereum-meta-foundation-of-anonymous-e-marketplace-2659058
The most of the privacy coins are undervalued right now.
The best opportunity is to find a privacy-related project with a low total supply (less than 100M), that way the price will be increasing much faster.
I recently found one project called Ethereum Meta, it is related to anonymity and untraceable transaction. They have a very interesting project to build the Anonymous E-Market Place.
They are on ICO stage right now, you can check their website: https://ethermeta.com/
Or even better go through their Bitcointalk thread: https://bitcointalksearch.org/topic/future-of-privacy-ethereum-meta-foundation-of-anonymous-e-marketplace-2659058
No. It's time to short!
Shorting betting with loaned money. It is a risk that is not necessary because gains in crypto are insane. Better to hold and wait.
If someone buys in the dimp and dips again itis still okay because no one can't do the exact prediction of the dip.
As long as you are able to afford to lose what you invest then buy buy buy. It will probably pay off (if you are buying decent coins) however if you will cry ever time it dips further then it's not worth it. All the best.
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