Topic: Learnings from crash (Read 1156 times)
It taught me a lot, especially if something seems to be impossible, in the crypto market, it is not. And we have to take that into consideration, while making decisions about our portfolio. Everything is possible, in the good and bad way as well.
The only thing that I learned from this year's crash is to sell my altcoins quickly before it happens. The market fluctuates much faster unlike last year that your long month of holding pays off but now not anymore.
I think bitcoin is not much different from other businesses such as money exchange or stock trading, meaning that there are similarities that the currency or stock is unstable and always fluctuates according to developments that occur due to positive or negative sentiments. Therefore, you must always observe and make a decision to sell or buy, as soon as possible when profits have been obtained.
Yes, I like your strategy. I myself follow the same. For myself, I see a huge sense in this.
First, I accumulate bitcoin and ether. Because I believe in these coins.
Secondly, having a part of the deposit in USD or USDT, I can trade at any time. I don’t get upset when the bitcoin price falls, on the contrary, it gives me the opportunity to buy bitcoin on a previously set aside USD or USDT for a low price and sell it later at a higher price. This is a great strategy, I recommend to everyone.
First, I accumulate bitcoin and ether. Because I believe in these coins.
Secondly, having a part of the deposit in USD or USDT, I can trade at any time. I don’t get upset when the bitcoin price falls, on the contrary, it gives me the opportunity to buy bitcoin on a previously set aside USD or USDT for a low price and sell it later at a higher price. This is a great strategy, I recommend to everyone.
1. dont be greed.
2. just sell when opportunity comes.
3. dont panic, it will make situation chaotic.
2. just sell when opportunity comes.
3. dont panic, it will make situation chaotic.
I really learn how to avoid loss from this high volatility market, because iam loss to much money. Now on the every trade i always use stop loss to avoid big loss. I should be always follow the trading rules and discipline with trading plan and all risk management.
I have seen to control my feelings and I hope I have learned to become less greedy because of this greed I have missed so many opportuinities that I wish I had only the half of them now.
I would like to share my opinion on the matter! It's pretty clear to me that crypto is here to stay! And BTC is our most relevant coin! If it survived crashes and not going under 6k after all this fud and shit, I am sure that crypto is safe! Knowing that I ask myself a question, what about altcoins? Well when btc was at its top, it loses market cap from altcoins, that mean they got pumped pretty hard! So with history repeating, we can wait for the next pump a year or 2 years, and alts are going to be pumped much more than BTC (and ofc later crash harder, but it's the circle of life). So knowing that, I am (and suggesting everyone to...) looking for great undervalued coins, and we have them a lot now. Nice promising projects, with good team and potential to stick here for years to come, waiting for that next pump!
There are many lessons to be learnt during this market decline. It seem when bearish sentiment overshadows the market, there is nothing one can do. I also learnt that soloing pressure increases during bear note than any period in cryptocurrency!
I learned that it will happen again. Put my buy orders low and if I miss, just wait for another one. It start to look like its easier to chase bears than bulls!
If I don't crash in trading, maybe I can't collect my Bitcoin until now.
Accidents in trading are necessary so that we can get to know the wider market.
Accidents in trading are necessary so that we can get to know the wider market.
Yeah and it will make your nerves solid since you'll know how it feels and how it is to see your funds go down first hand. You'll learn a lot more in these circumstances than when you're always being lucky.
What I have learnt and gained from these crashes are that, its good to take constant profits as the value of your holdings go up rather than allow the price to crash down when the bear market sets in. This is what I learnt and I learnt this the hard way
There’s a huge volatility in crypto world, one day it is at 8k, the next day it’s already down to 7k. This is talking about bitcoin - the most stable of all. What more for low cap altcoins - 50% swing in a day is sometimes normal.
In investing/trading in altcoins, i suggest to diversify the portfolio. Or put much into bitcoin for mor stability.
In investing/trading in altcoins, i suggest to diversify the portfolio. Or put much into bitcoin for mor stability.
If I don't crash in trading, maybe I can't collect my Bitcoin until now.
Accidents in trading are necessary so that we can get to know the wider market.
Accidents in trading are necessary so that we can get to know the wider market.
What do you feel you have learned from the crash (if anything)? I think the market has gained a little bit more stability now, and therefore it is nice to look back on your own thoughts and the decisions you made when experiencing such a crash.
Personally, I learned that I need to continuously, as markets grow, 'take off some risk' and allocate some profits from alt into ethereum and bitcoin.
In the same regards, I will also begin to allocate small percentages into $ so that I can gain more on crashes like this one.
Lastly, I once again got confirmed, that in crypto we see huge volatility and that is just something we have to live with - for now at least. Never panic sell in corrections!!!
Personally, I learned that I need to continuously, as markets grow, 'take off some risk' and allocate some profits from alt into ethereum and bitcoin.
In the same regards, I will also begin to allocate small percentages into $ so that I can gain more on crashes like this one.
Lastly, I once again got confirmed, that in crypto we see huge volatility and that is just something we have to live with - for now at least. Never panic sell in corrections!!!
I learned that always choose the best time to exit and re-enter. I lost so much to learn that special lesson and hope that it will not make the same mistake again
I've learned that I should not fear when the market crash. At first, I am scare to buy coins because I am thinking that cryptocurrency may lose its value. But as I studied cryptocurrency, I learn how it really works. By that, I learned that buying during dips will help us to become more profitable.
that is good for you because you can learn from the crash itself and I hope that you can use your knowledge to analyze the market before you decide to buy and sell. we are learning from a crash in many ways and I am sure that so far, we can take a good lesson from the crash itself so we could survive in the cryptocurrency. I think we are going to see the crash in the future and we still need to be careful and prepare for the crash if it's happening and we can solve the way to get out from the crash.
I've learned that I should not fear when the market crash. At first, I am scare to buy coins because I am thinking that cryptocurrency may lose its value. But as I studied cryptocurrency, I learn how it really works. By that, I learned that buying during dips will help us to become more profitable.
The only thing that I learned from this year's crash is to sell my altcoins quickly before it happens. The market fluctuates much faster unlike last year that your long month of holding pays off but now not anymore.
If I knew that the markets falls 40% of the value since the price spiked high, maybe I sold those holdings I have and use the money for house repair. The learnings from crash made me learn, and it gives me a reason to sell an asset while the value is high so I won't wait for another chance.
The only thing that I learned from this year's crash is to sell my altcoins quickly before it happens. The market fluctuates much faster unlike last year that your long month of holding pays off but now not anymore.
Well, i think that we are still recovering from that crash, and i think that it will take some time until we can recover back at 100%, and to see bitcoin going up towards 15k... it will take some months.
But yes, everything is useful as experience.
But yes, everything is useful as experience.
Everytime when price is not good at the saddest point that were lose we should have make a way not to lose hope. Rather make a hope that price is normal down and up. And it may recover in time so invest on your willingly to lose.
Why should anyone even be losing hope over something they cannot control ?This is a market, it is normal to have fluctuations and anyone who is not comfortable holding and see this here and there dwindle in prices should either just get out of the market entirely or learn how to trade to their advantage. It is one thing that no one can ever change and it is the way the market has been fashioned and not just the cryptocurrency market, but every market.
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