Learnings from crash - page 11. | Bitcointalksearch.org

carlisle1

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Quote from: traderperspective on February 08, 2018, 02:30:16 PM

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!!!

In all those learning of yours this is the most valuable that you did

""In the same regards, I will also begin to allocate small percentages into $ so that I can gain more on crashes like this one""

Many user just investing about the coins they wanna bet and putting all of funds unto those coins they think might pump..without anticipating this kind of situation..but i have learned this quite so long ago,and still learning form this

Siopao

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That entering or investing in cryptocurrency is really risky. That it is no joke when you put your money into it, so be wise with your investments. Don't put it all in coz you'll never know when you needed it and the market is in low point you can experience lose. But good thing is that bitcoin is back on track again and increasing again.

peter.from.penn

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Activity: 62

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In this market correction, I simply hodled. Selling for Fiat brings tax implications, 30% if you live in the U.S. It's impossible to know if the market will correct beyond 30%, so Fiat isn't an option. Also, if you hold the same tokens for more than a year, tax liability drops to 15%. So I would rather find solid projects and HODL long-term.

orions.belt19

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Quote from: nndep3m on February 08, 2018, 11:48:11 PM

My greatest lesson is to ignore whatever trading group you're a part of and trust your better judgement. There is an over-emphasis in this market to "not create FUD". Yet right before the crash it was incredibly obvious to me that the market was over-valued. People were putting huge, borrowed sums of money into projects they didn't even read the whitepapers for. Every mom and pop was investing in altcoins that didn't even offer decentralization. In fact most ICOs have nothing to do with decentralization, they just use ETH as a fundraising platform for traditional business models.

The day before the crash I was planning to exit, but like a greedy idiot I thought "just one more double up then I will". Of course it backfired.

Sometimes, it's the greed that gets to us. When we see that the price is rising, we choose not to exit just yet because we believe that it will continue despite seeing all the signs of an impending crash. Instead of getting profits or even just a breakeven of our investment, we lose even more money because of our greed. A great lesson we should all have take away after experiencing a crash is to humble ourselves and learn to let go and exit once we know that an impending crash is about to come.

carter34

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I learnt that some investors were already in expectation of the crash and so they were not surprised about it because they guided themselves against it. So , I won't allow myself such fall again when I get the information on the time of the year.

It has also exposed me to the strong coins and weak once with bitcoin being the strongest at least for now.

Borisb52

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I agree. When the market correction - you can not sell. On the contrary, you need to buy. Because after correction, the price increase always begins. Ideal: before the correction, sell everything, that would then be purchased at the very bottom. But the most difficult thing in trading is to determine the entry point and the exit point. Anyone who knows how to do this will become a very rich man.

adzino

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Quote from: traderperspective on February 08, 2018, 02:30:16 PM

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!!!

What people can learn from crashes is that the amount of risk is high when investing on crypto currencies for a short term. But the profits are way much satisfying when the coins are held for a long time. When the price crashes, it is the best time to invest since they do eventually recover from crashes.

Tynovten_

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You need to realize it fast. I always tell my friends if you lost today you have to win 3 times folded. You have to use fault by fault, if you don't you will get such long nightmares. Whatever could happen and we have to be friends together with risks so we can see closer to get the best

Layonk

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Quote from: Maestro75 on February 08, 2018, 02:47:52 PM

For me, lesson learnt is to buy the dip on my choice coins that soared out of my reach. It was so nice having to buy into some of these coins.

As for the crash I learnt that in cryptocurrency whenever a coin with a good use case goes down it will bounce back. Another thing is that we should never wait forever to take profit on our holdings. In addition to all that, I discovered that bitcoin is the pacesetter here. Whenever it (btc) goes down, the altcoins also go down. These were the great lesson for me during the dip.

Buying in deep always have more bigger chance to get really huge profit.
The other thing to learn is if the crypto going so high very fast and it will have more chance to drop rapidly too.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Saichoukyushin on February 09, 2018, 02:10:16 AM

I also learn from this but im quite not sure so i need to try it first when this scenario happen again then i have a stratedgy. The strategy to sell before a crash would happen this is similar to how can i exit from a target sell point and buy back on dip.

This is very tough to determine as to when the market is going to crash and when its going to rise. Heck the point of dip is more tough. A single FUD news is often enough when shills running around in reddit channels and people brainwashed by them start panic selling. This is why stay away from those.

Anyway its not possible to make money from every crash and rise. Im not into day trading so I wont comment on this. However traders did sell at 19k USD and then buy back at 6k USD. Its important to get into the bull run when its starts even if it may be a bit late because the rise is often unpredictable.

Tactical Genius

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I basically learnt to be calm during price crashes and also it felt safer selling off portfolios and holding in USD Tether as that fluctuated minimally.Another lesson is that price crashes during the new year for now are inevitable as observed over the past years

mace15

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Learnings from bitcoin that suddenly went down was to sell when earned profit already. Then if price has been down we can rebuy at our own risks. Although the market fluctuates much we should never get panic and hold our emotions. That eventually the market can recover at the time that we didnt expect.

Saichoukyushin

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I also learn from this but im quite not sure so i need to try it first when this scenario happen again then i have a stratedgy. The strategy to sell before a crash would happen this is similar to how can i exit from a target sell point and buy back on dip.

Andrey123

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Falling is just part of the life of the market!
For me personally this is a chance to buy some coins at a lower price.

And if, for example, coin X cost $ 2, and then fell to $ 0.5 and you bought it.
Then at any time the coin X can grow to $ 2.5 and you will be in the a plus!

The main thing is to keep track of everything and not panic)

newwest

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Quote from: Wheelige on February 09, 2018, 12:17:58 AM

I think the greatest thing that can be noted from a crash is similar to the message from this story http://www.rainbowbody.com/newarticles/farmerson.htm, We will see. In times when the markets go flying up and people say your so lucky, or in times when its falling and they say your unlucky, you should always take a we will see approach.

Crash will come and will go nothing is permanent. We have seen those in stock markets as well and crypto currency as well. So if we fail to understand and think that market will never recover from this is the biggest mistake we would be doing. Instead it an opportunity to keep accumulation at lower values.

lobo13hf

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Quote from: traderperspective on February 08, 2018, 02:30:16 PM

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!!!

LOL, that has predicted by so many experts in the crypto trading. That was always happening every year. I was buying a lot of altcoin at the dip, and some of my portfolios gain a lot of return just in a week.
Newcomers will always be making the situation even worst because they are so easy to be flammed by FUD.

if this way continues and then the whales were feeling so comfortable to manipulate the market through a significant dump to make small fist feel panic.

traderethereum

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the most important lesson before the crash is we should sell the coin after the price increase so we don't take a risk if somehow the crash is coming and besides that, we can buy again at the lower price. I still remember this because I have a bad experience in the past that might me regret making a bad decision to hold the coins. but now, if I see the price increases more than 30%-50%, I am going to sell the coin, at least I will sell a quarter or half of the total coin amount that I have.

Wheelige

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I think the greatest thing that can be noted from a crash is similar to the message from this story http://www.rainbowbody.com/newarticles/farmerson.htm, We will see. In times when the markets go flying up and people say your so lucky, or in times when its falling and they say your unlucky, you should always take a we will see approach.

nndep3m

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My greatest lesson is to ignore whatever trading group you're a part of and trust your better judgement. There is an over-emphasis in this market to "not create FUD". Yet right before the crash it was incredibly obvious to me that the market was over-valued. People were putting huge, borrowed sums of money into projects they didn't even read the whitepapers for. Every mom and pop was investing in altcoins that didn't even offer decentralization. In fact most ICOs have nothing to do with decentralization, they just use ETH as a fundraising platform for traditional business models.

The day before the crash I was planning to exit, but like a greedy idiot I thought "just one more double up then I will". Of course it backfired.

nicolas1979

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Activity: 826

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Quote from: traderperspective on February 08, 2018, 02:30:16 PM

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!!!

I have different perspective about learning from crash. Until now I only focus to fix my strategy become more powerful but safe. Unfortunately, there situation ( crash ) that I only have one solution and we call it " hold ". Actually, I should prepare with saving profit to buy back again and also built some another way make profit out side crypto market. I'll do that and thank you for your post.

Topic: Learnings from crash - page 11. (Read 1132 times)