The main lesson is to have a backup when the price crashed, and there are skme alternatives like:
Move the funds into USDT (Tether) or any other fiat currency which doesn't changes the value often like USD EUR
When the crash has finished start now buying the dumped coins and get in profit later.
Topic: Learnings from crash - page 6. (Read 1166 times)
Hmmm… I believe I have learnt a lot of things from all the crash I have experienced since I got into this. First, right now I’d say that what I have learnt is that I shouldn’t panic whenever price is going down or maybe try to sell out due to being afraid of losing money. I have experienced this several times, and whenever I tried selling out that’s when I feel like I’m loosing. Anyway, I have stopped relying on HODLing cause there are other means out there that can help me earn better than that. So I will just add that the second thing I have learnt is that we shouldn’t be relying on HODLing much.
First, you have made some good deductions from your experience, however, I will want to point out that even if you want to sell out to probably buy back at the bottom, you should be sure of what you are doing and not get yourself mixed up in FOMOs. It is the way things are, a lot have missed out thinking they are selling at the top, but it is either you learn how to do trend following to know when to sell and when to buy back or you just hold.I guess I was greedy too at some point, most especially with the altcoins, but at the same time, I do not regret anything. It is the market, it would recover, and that is what is very much important. Many people have failed to realize this and that is why they panic easily at some huge drop in value. We basically need to understand that the market is a highly volatile one but that does not mean is no longer valuable.
it is very important because in the future there will be success and there are accidents as well. so it's natural in trying to have things we do not want. the important thing is never to despair because of failure or accident that we ever experienced and that too also make our lesson for the future can be better
fixing the profits at the right time is a great thing to master 
Yes, most of the people failed to book the profit when the price is increasing, instead of selling them at high they used to sell them the low price and they will book the less profit. As an experienced will react to the market at the right time when the price is increasing.
The main lesson from the previous crash is that the holding is a bad idea. Volatility of the crypto currencies is very high, therefore the trading is very useful, I think.
While Bitcoin falling I noticed that people who have already sold their crypto currency on the high levels try to dump the markets more deep, posting a bad or even fake news.
While Bitcoin falling I noticed that people who have already sold their crypto currency on the high levels try to dump the markets more deep, posting a bad or even fake news.
That's what I actually learned. I think I believe too much in my coins that's why even I know it's good to sell I still hold and now I loss more than half of it so I just hold it again until I regain my losses. However, I'm still optimistic that when bitcoin will surge again altcoins will follow and I'll change my strategy after I regain my losses. Sometimes holding sucks.
For me , bitcoin trading far more difficult to predict unlike stock exchange because as we know bitcoin value depend on supply and demand so it's value too volatile until now.
I'm ever trade Energy coin but I'm experience loss about 0.05 in next 2 hour which is INSANE , IMO but it's great experience.
I'm ever trade Energy coin but I'm experience loss about 0.05 in next 2 hour which is INSANE , IMO but it's great experience.
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.
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.
I like the area you said we should not wait forever to take profit and this is just the fact of gains of buying a coin because, they increase and decrease from time to time. So the lesson of a crash is to hodl the coin and to buy more at the time.
Crash the harsh term for big loss for traders. Learning from crash is the best thing to do in fact you must learn from every mistakes just keep in mind that your mistakes will never happen again. Big pump comes with a whopping huge dump keep in mind so that you can take the right mindset and use it to be cautious in every manner of a good to be true situations.
now i realize that the timing of buying coins is very important . it is not necessarily the best time to buy when it is rising . to study its entire price history . many people say that this coin is good . we must study it independently and then decide whether to buy it .
observe the best level to buy by your own.we could learn it from much website or other source.buying moment is not arrived everyday, wait this best moment patiently.
now i realize that the timing of buying coins is very important . it is not necessarily the best time to buy when it is rising . to study its entire price history . many people say that this coin is good . we must study it independently and then decide whether to buy it .
One thing I learnt from this dip is not to be selfish and always take profits where I can and to always keep profits in btc or big altcoins that don't loose alot
If you really have to do trading at dips then better doo since it was too hard to identify what the market movements will be, it will be much better to take courage since we really need to earn.
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!!!
Well the learning is never get too excited and too confident about the bitcoin going up and buy at ATH prices! Lolz, I made little mistake when I invested my money at the time of BTC @12K USD rates because I was crazy to think that it will rise again to the 19K USD which was its ATH rate. However I was not wrong but I do realise that I made mistake out of the excitement and nothing else.
Another learning from the bitcoin drop is simple, it is the right to buy the coins and we can now know the power of BTC uprise in terms of profits.
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!!!
Well the learning is never get too excited and too confident about the bitcoin going up and buy at ATH prices! Lolz, I made little mistake when I invested my money at the time of BTC @12K USD rates because I was crazy to think that it will rise again to the 19K USD which was its ATH rate. However I was not wrong but I do realise that I made mistake out of the excitement and nothing else.
Another learning from the bitcoin drop is simple, it is the right to buy the coins and we can now know the power of BTC uprise in terms of profits.
The main thing is to know when to be sure you are having a change in trend. It is not all about the backup, even though you will need fiat as a stable currency anyway to hold up until you are able to get more of the bitcoin at dip, but you need to be sure as well that you are making right decisions either when selling or when buying so you would not end up missing a good chance.
fixing the profits at the right time is a great thing to master
The main lesson from the previous crash is that the holding is a bad idea. Volatility of the crypto currencies is very high, therefore the trading is very useful, I think.
While Bitcoin falling I noticed that people who have already sold their crypto currency on the high levels try to dump the markets more deep, posting a bad or even fake news.
While Bitcoin falling I noticed that people who have already sold their crypto currency on the high levels try to dump the markets more deep, posting a bad or even fake news.
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 haven't sold a single coin until now, but I bought some of them at high prices (not ATH, but anyway quite high). In some of them, I'm quite in loss, but I'm going to keep them until the next bull run because I know I've invested only in good ones.
For sure, in this huge market crash I have learned one important thing: everyone in December was thinking the market would have reached every week new All-Time High... but we all know things have turned out quite differently. It's better to always keep some dollars, so to have the opportunity to buy in dips and when the market becomes bearish (nothing can grow forever!), if you're satisfied with the price, better to sell and take profits!
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.
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.
I like the area you said we should not wait forever to take profit and this is just the fact of gains of buying a coin because, they increase and decrease from time to time. So the lesson of a crash is to hodl the coin and to buy more at the time.
Best learning from crash is to be patient and dont be panic sell.This is part of market ups and down will happen there just calm and never loose hope,due to passage of time things will get better.
Being as an optimist and rational trader falling market is another opportunity to buy more and invest in stable coins and hols for future till market hit on peak.
Being as an optimist and rational trader falling market is another opportunity to buy more and invest in stable coins and hols for future till market hit on peak.
What I learned from crash is, every crypto is tied with BTC's price. So dont ever attempt to trade BTC with Alts while Bitcoin is approaching to dump. If you did, your alts with crash too. As the result you investment will crash along with your crypto. |
So the best approach for me is to save or hedge your investment value into USDT.
So the best approach for me is to save or hedge your investment value into USDT.
I think the experience you have summed up is correct. When we invest in a project, the first thing we must do is to think about the worst plan. Then when the market conditions are better than we expected, we will not be so pessimistic.
Althogh I dont want to sound cliche, I would say people who are into trading should know the risks and before putting in money they should calculate the worst case scenario as well before they start to make huge orders. Those who have lost money by buying at 9k and now shitting in their pants at lower price need to get their grip. The rise and fall is not new and it will rise again.
When bitcoin crashed or more appropriate "dump" i discovered that you can actually earn money even when bitcoin goes down but of course you need to sell a perfect time to get the best results as possible.
How exactly can you make money if you sell during a dip, if you have bought at a price higher than that?
Crash helped us to see the real value of Bitcoin. It may reach to 20000 dollars again but to be stabilized at that price, there must be more miners.
The real value of bitcoin is zero just like fiat. A dollar bill is nothing by paper unless the legal tender has been established. Same with bitcoin. Miners have nothing to do with the crash except shilling for some.
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