i lost 20% of my budget - page 7. | Bitcointalksearch.org

illyiller

hero member

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

When the price of BTC rises sharply, most altcoins will dump. When the price of BTC drops sharply, most altcoins will dump. The altcoin market requires just the right conditions: sideways congestion or prolonged grinding top in BTC/fiat price action.

At some point, people need to come to terms with the fact that alts/tokens were in a bubble in the first half of the year. It takes time for the market to bottom out and for the weak hands to get shaken out.

I'll say one thing. I'm still mostly holding only BTC. But I have started accumulating a few altcoins... slowly scaling in. And I'm certainly not dumping anything I've bought in this range, no matter what happens now. Sell after 95% drop from the top? No thanks! Tongue

EinWert

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Cause its top of pumping and anything price will go down for correction

donovank

member

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Merit: 11

Correction, nothing to worry about

Tonight the episode of the Big Bang Theory featuring bitcoin is airing, might bring an interesting twist for the daytraders

megget

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

If you invest for a long period, then this is normal, just wait a while. If you trade, then your entry was a mistake. Also a mistake was not to put a stop-loss, in this case you would not have a deposit loss of 20%. In any case, there is no point in fixing.

GAUMZEE

newbie

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You will regain what you lost in the next growth cycle just hold on to it.Its similar to investing a mutual fund the longer you hold the better it is.

GAUMZEE

newbie

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Quote from: okala on November 30, 2017, 03:43:50 AM

You lose when you sell below the price you bought and this happen on all the markets. I have been thinking why should someone buy a coin at the distributions cycle of the trading angle and expect not to lose its money. Sorry for your loss but try to buy any coin when there are low and sell them when ever the price appreciate.

Rightly said the value of coins is subject to market cycles.

GAUMZEE

newbie

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Could anyone suggest me a trader or exchange were the lowest prices of Bitcoins are available ?

okala

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You lose when you sell below the price you bought and this happen on all the markets. I have been thinking why should someone buy a coin at the distributions cycle of the trading angle and expect not to lose its money. Sorry for your loss but try to buy any coin when there are low and sell them when ever the price appreciate.

Rhaizan

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Quote from: Brama Jasa on November 30, 2017, 03:05:43 AM

maybe you do not analyze before buying coin, you buy at high price and sell at low price, as well as you give limid transaction if up and down the coin price, every trading there must be its loss

In terms of trading you should be ready about losing money, but you can avoid losing your money if you study first what to do before you trade.

wall101

member

Activity: 560

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so the coins really drop down when the value of bitcoin increases so it's normal for you to lose because of the trading you are selling and you must accept that you lose because you enter that and you must be prepared for the challenge that you are also risky trading is just a gambling because gambling is too risky in trading.

Brama Jasa

sr. member

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maybe you do not analyze before buying coin, you buy at high price and sell at low price, as well as you give limid transaction if up and down the coin price, every trading there must be its loss

Herbert2020

legendary

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

because the altcoins are pump and dumps and they are standing on a broken edge, with a little wind they drop in the depth of the valley!
and this little wind was the bitcoin price drop that we are currently experiencing. all the fluctuations that bitcoin has these days is attracting all the traders back to bitcoin market. obviously they dump their altcoins to get bitcoin to sell during the drop and then buy back after it ended to make a lot of profit using that dip. and money exiting altcoins means they get dumped hard like this.

don't worry though, these alts that are getting dumped now, will soon get pumped if they reach the bottom successfully. some that don't drop much won't recover much either. but those that drop big time will recover big too.

Btc_1856

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I think right now option is holding because with the increasing price of Bitcoin, altcoin prices are decreasing. So right now the only option we have is holding as long as you make double return on your investment.

Indrawan77

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Because when you bought you make the wrong decision, and it's depend on the alt coin that you bought, there are possibilities that the coin wont go up again, for this few weeks the market of alt coins are very unstable, unpredictable coin can rise high and the suddenly drop down, you need to speculate wisely if you want to trade alt coin

batang_bitcoin

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Obviously you bought at peak. That's usual that when you buy bitcoin and altcoins on green after that there will be a correction. Just be patient and wait for its comeback, dont hesitate and rush good thing and return will be coming back to you. Dont attempt to sell it or else you will be losing more.

Jedie22

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Quote from: lenj on November 29, 2017, 09:02:33 PM

Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

In trading is recommended to use stop loss for maximum loss that you can get.
20% is maximum i think in my strategy. Altcoin remain down since price of bitcoin is grow so much.

If you lost 20% percentage of your budget maybe because of your strategy which is not successful. Well, its been always part of this kind of investment, downs and ups is always in our side but you should learn your mistake in order to overcome does unsuccessful techniques. Anyways, since the value of bitcoin grows rapidly we can't blame that some of altcoins will go down. But, I believed that there will some altcoins will be increased and your 20% lost will rare to happend again, as long as you've learned your mistakes.

peter0425

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

Because traders are just cashing it out. Those who have bought the price at the bottom is selling to take profits. Its normal for traders to do that. However, if you buy altcoins at the top then you can't do anything but to hold and hope that the price could go up again and see your investment gain. Its really a mental barrier for most trader to cash it out because the price is all-time-high for some of the coins. And most of them are shifting to bitcoin because its having a massive bullrun and they don't want to miss the boat.

creeps

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

You really lost 20% ? then why sell at lost ? Don't trade with your weak emotion because you can surely loose big money. In trading it takes a lot of patience and strategy if you're trading without it well I really expect that you will loose. The basic with trading is buying low, and selling high you should know this at least.

cpfreeplz

legendary

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Lol you lost 20%!? How?! Hahahahaha if you bought at the top you would be down like 10% right now! Did you buy high and sell low? Omg that's hilarious. Just hold onto your real money (Bitcoin) and get out of that hyperinflation riddled shitcoin known as fiat.

aardvark15

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Quote from: fadel on November 29, 2017, 07:11:17 PM

why are all these cryptocurrencies are going down?

Don’t panic, it’s just a temporary correction. The price went up very quickly and some people decided to sell to take profits.

The price will eventually rise back to a new high but it will probably be a more steady rise than before. There is always a lot of volatility with cryptocurrency prices but we know that the trend is up and there are lots of new investors buying these days.

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