As an investor you should be ready for this kind of scenario, you should know that there's a risk in doing some investment especially in trading just like today the cryptocurrencies are dropping nonstop do you want hold it and soon its value will worth nothing?
If you believe that it will come then wait for a long time. Remember that there's a time that you need to accept your lost in order to avoid further lost.
Topic: I'm loosing. What to do? - page 17. (Read 2900 times)
What to do now when things get worse every day, only hold will help us? Who is trying to survive in such a market? Your advice, friends!
You should have cut your losses at the time you have been losing, but now I think it just too late and you should just wait for it to return to its all time high.
What to do now when things get worse every day, only hold will help us? Who is trying to survive in such a market? Your advice, friends!
One cannot really do much in this market if he was a holder because of most of his capital down by 80+% now there are only a few options like if you have spare money then you can invest it to try and average down the prices of your coins or just hold and hope for the recovery of the market.
There are only two things to do in this situation we found the market. These two things are buying more of the coins if you have the extra fund that you can afford to lose or still you hold on to your positions with patience till when the price will be better. This period in the life of cryptocurrency market will always appear and after some time the price will turn and goes back to bullish direction.
What to do now when things get worse every day, only hold will help us? Who is trying to survive in such a market? Your advice, friends!
I am sure everyone will face a situation like this. The way we can do it is just wait until the situation improves. I am sure that the future of Crypto is very good, with the various considerations available, waiting will be far better than when we sell at this time.
Selling now will only reduce the assets we have, believe that waiting for us will be able to produce something far more profitable.
OP, quit if you are day-trading. You will never beat all the best bots in the market. But if you are holding with a huge loss, then keep holding. You cannot sell now.
You can also do "dollar cost averaging" by buying more now. Or lower, if we are lucky.
You can also do "dollar cost averaging" by buying more now. Or lower, if we are lucky.
What to do now when things get worse every day, only hold will help us? Who is trying to survive in such a market? Your advice, friends!
There are several options actually, although I would admit that HODLing is the easiest and most convenient. After all, there will always be a time for price recovery. That is for sure. But if you want to acquire back your loss more quickly, and if you still have more money to invest, you could actually buy right now while the prices are much cheaper. This would at least make up for your losses when you bought the same coins at a more expensive price.
Most of all, do not sell for now.
It all depends on what price you bought, and my advice is, you will lose money only if you sell for a lower price, it is better to wait now
As an investor do not simply buy, Hodl and wait for a miracle in the market to give you a large ROI.
Always have a plan, a target profit, a timeframe, and a clear understanding of the market.
There are many ways to profit from the bitcoin market, admittedly a lot of them are no longer valid now, but you can still engage in lower risks trades.
Always have a plan, a target profit, a timeframe, and a clear understanding of the market.
There are many ways to profit from the bitcoin market, admittedly a lot of them are no longer valid now, but you can still engage in lower risks trades.
Basically all over Reddit I am reading posts like this.
The correct thing would of been to take profit sometime in the past, now its too late for that.
You might as well wait a few more days and we might see $5000 again and just get out then. If $3450 was the actual low, then it will hurt to have sold so close to the bottom but its better getting some of your money back than having it lose more value.
The correct thing would of been to take profit sometime in the past, now its too late for that.
You might as well wait a few more days and we might see $5000 again and just get out then. If $3450 was the actual low, then it will hurt to have sold so close to the bottom but its better getting some of your money back than having it lose more value.
What to do now when things get worse every day, only hold will help us? Who is trying to survive in such a market? Your advice, friends!
Holding is not the only option but it is best when compared to others,you will be in loss only when you sell them for fiat or else the crytos will never decrease so lets wait until the prices get reaches to some profitable value then you can sell it profits.PS:never invest anymore in cryptos when you don't believe that cryptos will become payment system in future.
What to do now when things get worse every day, only hold will help us? Who is trying to survive in such a market? Your advice, friends!
One of the main rules of trading, especially in crypto, is to trade with ammount that you can afford to lose. If your account is bigger than you can lose without pain, you anyway will have problems.
If you have cryptoassets without leverage, I think you can hold them, there is high probability that in long term they will rise again.
Now there is good opportunity to spend your time by reading and learning new things (blockchain, trading or anything else).
And try not to refresh quotes every 5 minutes
If you use it for the long term it's better to hold it, because I'm sure the price will recover sooner or later so it's better to hold it back. But if you use it for the near term, you have suffered a loss because the price is in a bad condition. My advice would be better to hold it back and buy more, which is more profitable in my opinion. Because if the price goes up, profits will increase. I think this is a good strategy now.
Just wait. Do not panic, do not sell anything. Look at the dynamics of Bitcoin for all the time. You will see that such price drops have already been 3 times, always in the end, the price has conquered new heights
Depends on your mindset. If you see crypto investments as long term investments (10+ years) such price movements dont really matter. Take a look at where BTC was about 5 years ago and where it is now.
In markets there is a saying; some times doing nothing is the best option. In other words, find yourself something else to focus on. Try utilize your time in the best possible manner, because sitting here being frustrated about the price is an utter waste of time, because you'll be doing the same thing for months straight. The price won't miraculously rocket up to $10,000 any time soon.
I think that watching prices is not a waste of time if the OP has money to invest. I believe that now crypto currencies have fallen deep enough and the local bottom may be somewhere here.
The basic rule of trading is "buy low, sell high". This means that the OP should sold his coins a month ago. He would have saved his wealth and he currently would have been waiting for the next attractive moment to open a new trading position.
The market is yet to reach the bottom price but the first thing you to do is believe the market will come back to it glorious days because it will, dont sell at lost price hold your previous coins, quit trading while you invest/accumulate more coins and never invest more than you can afford.
You can clearly see that OP isn't here for Bitcoin's tech, so tell me, what's there to believe in for him?
In markets there is a saying; some times doing nothing is the best option. In other words, find yourself something else to focus on. Try utilize your time in the best possible manner, because sitting here being frustrated about the price is an utter waste of time, because you'll be doing the same thing for months straight. The price won't miraculously rocket up to $10,000 any time soon.
Perhaps it will make OP feel better if he reads himself into Bitcoin. If you have a better understanding of the protocol, it could offer some mental rest, wich is something more people can use right now.
There are a lot of strategy to make money in bear market, but it need a deep analysis because in bear market once you make the wrong movement then you can lose a lot of money, holding could be the best thing if you're not sure about the market condition, keep on attracting people to buy also one of the strategy to make the price go up faster
What to do now when things get worse every day, only hold will help us?
If you have a lot of time to wait, then wait and try to increase the number of Bitcoins you have from cheap price. Because in the current situation it is not known where the last stop will be. Maybe the price recover will not take a long time, I said price healing may take a long time to prepare yourself for the worst. We have no choice if we lost, and that time you need is really to wait as said here. Holding is part of the waiting process that we need to always observe during the loss recovery in order to regain your courage even though the situation wasn't that good actually.
What to do now when things get worse every day, only hold will help us?
If you have a lot of time to wait, then wait and try to increase the number of Bitcoins you have from cheap price. Because in the current situation it is not known where the last stop will be. Maybe the price recover will not take a long time, I said price healing may take a long time to prepare yourself for the worst. Jump to: