Topic: Keep your head cool in front of fluctuation - page 3. (Read 1889 times)
It is very unpredictable that how to manage the crypto market and fluctuations is coming regularly but when you just look at the results that now the coin is red or green don't make decision so quickly because the crypto users who want to bring changes in the market they are watching the whole market and they decide when to buy and when to sell so be cool when the price up or down but when you think that it is the best time come for buying those coins which has a good potential.
Never sell deep. This is the law of the crypto currencies market. We need to be more patient and maybe try to multiply our portfolios even on the falling market. You can look at the margin trading, this allows you to earn money even at the red market. But you should also take the risks in attention.
Fluctuation is normal in cryptocurrency due to high volatile movement and we can only do is to hold your coins until it bounce back. We need tons of patience and if you trust on this technology then nothing to worry as this can rise to the top again.
That's why I tell people not to make crypto a full time job! Get a real job or a business, so $Bitcoin or crypto fluctuation doesn't become the main reason for your death! I don't fancy looking portfolio up like every single minute! Because you would be pushed to the wall most times and if you aren't prepared you could be on the next ambulance! I have failed in crypto a couple of times and here is what I do these days to keep my head cool; I STICK MY MIDDLE FINGER UP AT EVERY FLUATUATION because its part of the market, it doesn't kill the tech, coin or market
BE CAREFUL WITH GREEN
Many know this but rarely can do.
Normally, green represents growth and red represents price decrease. But to me, it is the opposite. I have witnessed quite a few cases in which investors buy a green coin, like TRON (TRX) or Siacoin (SC), then lose their money. You should know that when the coin turn green, it is just some leftover or a rat trap. Like Siacoin, will you earn 800% more after it has already increased 800%?
DO NOT PANIC WHEN YOU SEE RED
Only be afraid and panic if your coin is a shitcoin. Shitcoin will sooner or later die even when it once green for a long period.
If your coin is solid coins, the red will soon leave and it is meaningless to panic. Those solid coins have survived long enough to have a future in this market and won’t die easily. Otherwise, they have a solid foundation of strong team member and potential project. If those are your case, don’t worry.
Ethereum and Bitcoin have also gone through those red and green days and still be here to grow. Be patient and have a long vision (6 months to 20 years). The rise or fall in short term does not mean anything.
BE CAREFUL WITH GREEN
Many know this but rarely can do.
Normally, green represents growth and red represents price decrease. But to me, it is the opposite. I have witnessed quite a few cases in which investors buy a green coin, like TRON (TRX) or Siacoin (SC), then lose their money. You should know that when the coin turn green, it is just some leftover or a rat trap. Like Siacoin, will you earn 800% more after it has already increased 800%?
DO NOT PANIC WHEN YOU SEE RED
Only be afraid and panic if your coin is a shitcoin. Shitcoin will sooner or later die even when it once green for a long period.
If your coin is solid coins, the red will soon leave and it is meaningless to panic. Those solid coins have survived long enough to have a future in this market and won’t die easily. Otherwise, they have a solid foundation of strong team member and potential project. If those are your case, don’t worry.
Ethereum and Bitcoin have also gone through those red and green days and still be here to grow. Be patient and have a long vision (6 months to 20 years). The rise or fall in short term does not mean anything.
Better to keep a level head because you are less likely to fall for the panics if you are level headed. Maintaining your cool is the best if you want to be able to wait out whatever this might be with the market. Don't allow fear and panic get the better of you, just hold your coins and be patient, even this too shall pass and we shall be on to green
I think there is adequate cause for concern when a coin completely tanks to 1/10 of its price, you might want to sell out when you see extreme signs of weakness like this. For the most part, there is daily fluctuation of 3-5% for most cryptocurrencies, so if you see your coin in the red by around 5%, there usually isn't much cause for concern as it tends to fluctuate on both sides of 0.
I tried trading a couple of times now mostly for alts. & each time I observed the same phenomenon. The urge to see market daily and if the market fluctuates a little bit down then regretting. I should have waited a couple of days. Another thing is many people panic sell as a stop loss technique. Stay calm and if you believe in that coin and holds the potential to hold that coin for a while I prefer to stick with that coin and wait for a bull run or a pump. Take your profit and enjoy.
These are obvious things that everyone knows. It's a pity that not everyone follows such advice and then wonder why they lose their money when investing. It seems to me that this should be a kind of instruction for the use and purchase of cryptocurrencies
BE CAREFUL WITH GREEN
Many know this but rarely can do.
Normally, green represents growth and red represents price decrease. But to me, it is the opposite. I have witnessed quite a few cases in which investors buy a green coin, like TRON (TRX) or Siacoin (SC), then lose their money. You should know that when the coin turn green, it is just some leftover or a rat trap. Like Siacoin, will you earn 800% more after it has already increased 800%?
DO NOT PANIC WHEN YOU SEE RED
Only be afraid and panic if your coin is a shitcoin. Shitcoin will sooner or later die even when it once green for a long period.
If your coin is solid coins, the red will soon leave and it is meaningless to panic. Those solid coins have survived long enough to have a future in this market and won’t die easily. Otherwise, they have a solid foundation of strong team member and potential project. If those are your case, don’t worry.
Ethereum and Bitcoin have also gone through those red and green days and still be here to grow. Be patient and have a long vision (6 months to 20 years). The rise or fall in short term does not mean anything.
I am very glad that there are people like you who really know how to clarify what is happening in the market events. It's good that there are always people who do the same as you do because it makes you as confident as possible in the correctness of your decision.
I see coinmarketcap everyday. I have no emotion while i see it. I have some plan to make money. So i'll stick with my plan. I'll not change my plan if the market is still at the bottom.
Yes, until the market won`t be stable green - it`s doesn`t cost to buy green coins. What about panicking - you should never go panic and think wisely about your investment.
Completely agree on, that we have to look at the market from a long term perspective as you say 6 months to 20 years.
Who will care for this bear market one day if BTC will be 1 million $ or ETH $10 k . These short term ups and downs will nobody remember.
Who will care for this bear market one day if BTC will be 1 million $ or ETH $10 k . These short term ups and downs will nobody remember.
Best thing to do in my opinion. I mean there really isn't much else to do when the prices are fluctuating than to patiently wait for the price to get better. if you panic, then you might end up selling your coins for a lower price than they are actually worth which is not good. The best thing now is to just hold the coins and wait for better prices.
I always keep my head cool in crypto market conditions like this. I will feel relieved every day if I find the coin exchange looking green. I realize, surely investing with bitcoin is very promising. But, that doesn't mean bitcoin is safe from risk.
Wow! This is a great advice but the question now is to know which coin will turn out a shitcoin and which that will turn out well. The beauty of the market like you said is the red and the green and without them, there will be no market at all.
Thank you a lot
Thank you a lot
I agree with you. many react quickly to changes in the market without having time to think. and just look around. you need to look at the overall trend and history of the coin. to be more careful.
I think basically the hardest time for crypt has ended, but I agree that not all currencies are worth investing even when pumped.
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