Learnings from crash - page 7. | Bitcointalksearch.org

chickenado

hero member

Activity: 1036

Merit: 500

Quote from: shulio on April 03, 2018, 09:59:15 AM

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.

There's no need to be afraid of because that $20K or more can be attainable when bitcoin demand spikes again. Same of what we experience for the past, roller coaster is visible, and same with the typhoon bitcoin will hit a massive damage after the crash and back to profitable value. I think everyone learned a lot after this crash and btc holders together with their altcoins must learn how to hold long term.

shulio

legendary

Activity: 1540

Merit: 1016

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.

gcbjk

newbie

Activity: 87

Merit: 0

I think your idea is correct. In the face of this declining market, we should calm down. If you sell your Bitcoin now, then you are definitely losing money. I believe Bitcoin will erupt, so I still insist on holding my Bitcoin.

Gotomoon

sr. member

Activity: 719

Merit: 250

When crashed happen we have learned many things that never panic of all your hodlings coins. And actually sell when you had already earned profit. Also, keep in mind it would not takes long the moment of dump market so usually it will go up and in down market take it as a challenge for your portfolio.

Kawasakinamoto

newbie

Activity: 99

Merit: 0

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.

hsdjdyt

newbie

Activity: 125

Merit: 0

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.

Joyawan13

full member

Activity: 910

Merit: 100

elysian.finance

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!!!

yes ,, what we have to do now is calm and no need to panic, and we should not give up or despair, even though we are currently experiencing a lot of price reductions we have to keep the spirit and optimism that everything will segers back.

Arwinkim

member

Activity: 266

Merit: 10

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!!!

Honestly, I've started investing in bitcoin in the late 2017 even though I already heard about bitcoin back in 2013. What I've learned from the market, never expect too much from your portfolio. You never know how deep the market will sink. Sell when you still can make at least 5% profit if you really need fresh cash. But my advice is, keep your mind on, don't panic selling even when the whole market crashes because we all know it's just correction. It's just about time we see our portfolio green again.

cheezcarls

hero member

Activity: 2254

Merit: 658

Looking for gigs

The lesson that I have learned during the crash is not to hold too much or not to be greedy in my holdings. I took dad's advice when it comes to holding all of my coins and tokens and not withdrawing either one of them, while continuing my online job back then. The biggest holding that I have that time was Trade.io, which is worth more than $1.6 before the epic crash. I could have cashed out some of them, but I would rather stick to being bullish with them because their roadmap is somewhat very promising to me, especially their IPO in the Q4 of 2018.

We should not put all of our eggs in a single basket. Always diversify our options to sustain ourselves in this bearish market.

wantjokull

sr. member

Activity: 700

Merit: 275

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!!!

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.

jpoker272727

legendary

Activity: 1137

Merit: 1000

Quote from: nitammys on April 03, 2018, 06:53:44 AM

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.

nitammys

jr. member

Activity: 57

Merit: 2

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.

Aamir1

hero member

Activity: 756

Merit: 500

Quote from: Ashimwe on March 26, 2018, 06:57:12 AM

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

That’s quite a good thing to do, but by doing that you’re still relying on the same method. Maybe it’s better you should engage in other ways to sustain yourself than having to rely investing on several coins and waiting for them to grow, so you could make profit. Try to engage in other things, maybe trading just like others do. One thing for sure is that the market will always fluctuate; there will be times when it goes down and times when it will go up. So right no despite the price is down, it will surely go up. This is market, it’s a normal thing.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Ashimwe on March 26, 2018, 06:57:12 AM

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

How do you even think about getting a profit out of the market when the market is red? Also how does a person become selfish if they bank their own gains? that was why they started trading in the first place - they did not do it to waste their time but to make money obviously.

Its important to sell at times to make sure you have a decent return of investment - considering your initial buying money to be the investment. There is nothing wrong in this.

Quote from: Lumada on March 26, 2018, 07:25:54 AM

Quote from: Ashimwe on March 26, 2018, 06:57:12 AM

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.

Another shitposter.
Nobody sells at the dip. The dip is the time to buy. Buy those coins which you may have missed at ICO but wanted to buy.

Lumada

sr. member

Activity: 520

Merit: 250

Quote from: Ashimwe on March 26, 2018, 06:57:12 AM

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.

Ashimwe

jr. member

Activity: 168

Merit: 1

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

gabmen

hero member

Activity: 1246

Merit: 529

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Quote from: Nylelyn on February 22, 2018, 12:42:55 PM

Quote from: Indrawan77 on February 08, 2018, 07:18:57 PM

For me the market is still not too stable, there is still chances that it going to have correction, from this crash I learned that I need to prepare the exit strategy, need to set the bottom price to sell the alt coin and need to spend more time to pay attention to alt, most of my alt are stuck and I will need extra patience to make profit this time since the price of alt is falling too deep

I do agree that the market flow is still unstable, few times it was find but most often it is slow motion moving so what I learn is to always keep some in case there is a sudden opportunity to to buy at the unexpectedly lowest price. It is useful also to set limitations on your buy and sell to be able to put margin on your profit. I like the fact that panic selling will not make the situation in general better but to patiently hold and wait.

Well there wouldn't be much profit as well if it would stabilize too much right? One takeaway i think is that we have to learn how to take advantage of any situation this market throws at us. Many people are already keen in doing it and they've profited a lot during the crash.

Nylelyn

member

Activity: 296

Merit: 13

Quote from: Indrawan77 on February 08, 2018, 07:18:57 PM

For me the market is still not too stable, there is still chances that it going to have correction, from this crash I learned that I need to prepare the exit strategy, need to set the bottom price to sell the alt coin and need to spend more time to pay attention to alt, most of my alt are stuck and I will need extra patience to make profit this time since the price of alt is falling too deep

I do agree that the market flow is still unstable, few times it was find but most often it is slow motion moving so what I learn is to always keep some in case there is a sudden opportunity to to buy at the unexpectedly lowest price. It is useful also to set limitations on your buy and sell to be able to put margin on your profit. I like the fact that panic selling will not make the situation in general better but to patiently hold and wait.

Svelto

sr. member

Activity: 686

Merit: 257

From the previous crashes, I learn to standby some fiat and buy in dips. There is no way I can get such good prices other than in crashes.

dutchkay

full member

Activity: 434

Merit: 100

The current crash have really thought me alot. To have spare BTC and ETH, never go all in alts. Keep FIAT as backup incase of dippest of dip. Invest in good alts and avoid investing huge in useless alts. No matter what have an escape route, it will always come in handy.

Topic: Learnings from crash - page 7. (Read 1132 times)