OMG crypto is low ! what do i do ? - page 3.

andriarto

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Quote from: Similificator on February 25, 2022, 09:27:47 AM

Quote from: molsewid on February 24, 2022, 08:26:27 AM

We have this saying that when people are in fear to take the risk to be courageous to stand in this situation and do your best to see the best thing out of it if you really wanted to get or earn good profit from it and that I think what was OP wanted to impart to us, however, the above-mentioned ways or options that he shared doesn't suit for all crypto users like for example the creating NFTs and creating tokens because not all of us has the ability, the potential, and the knowledge to do it. For me, in my case, I'd still choose to hold the assets that I've acquired and wait for the market to recover again.

I get your point brother, and I too do agree with the saying you mentioned. But the thing that needs to be considered also is that not every risk is worth taking, fear is an essential emotion that protects us from harm. Although it also restricts us sometimes from reaching greater heights, with proper moderation, it is can also be a powerful asset. Main take in is that being well prepared or cautious is what I was trying to point out. Which is why I said something like studying it while doing what you are used to is also a good idea. This is because it gives one's self time to learn while still being able to earn with less risks and in the future be able to earn more using the knowledge thoroughly studied. I hope you get my point

therefore we must dare to take risks but in a measurable way, so that all possibilities to the worst possibility we have prepared. there are many ways to do such a thing, as is the case with the current situation many traders still make a profit by relying on their trading experience. but what we should know that they can do it not in an instant way. therefore we need a lot of experience to support our goals

Similificator

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Quote from: molsewid on February 24, 2022, 08:26:27 AM

We have this saying that when people are in fear to take the risk to be courageous to stand in this situation and do your best to see the best thing out of it if you really wanted to get or earn good profit from it and that I think what was OP wanted to impart to us, however, the above-mentioned ways or options that he shared doesn't suit for all crypto users like for example the creating NFTs and creating tokens because not all of us has the ability, the potential, and the knowledge to do it. For me, in my case, I'd still choose to hold the assets that I've acquired and wait for the market to recover again.

I get your point brother, and I too do agree with the saying you mentioned. But the thing that needs to be considered also is that not every risk is worth taking, fear is an essential emotion that protects us from harm. Although it also restricts us sometimes from reaching greater heights, with proper moderation, it is can also be a powerful asset. Main take in is that being well prepared or cautious is what I was trying to point out. Which is why I said something like studying it while doing what you are used to is also a good idea. This is because it gives one's self time to learn while still being able to earn with less risks and in the future be able to earn more using the knowledge thoroughly studied. I hope you get my point

Oasisman

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Quote from: wheelz1200 on February 24, 2022, 07:56:18 PM

Quote from: spy100 on February 21, 2022, 08:40:40 PM

OMG crypto is low ! what do i do ?

Well let me tell you what you do when crypto is low (shhh don't tell anyone it's a secret ...):

1.You build dapps
2.You create nfts
3.You start selling something
4.You create tokens

etc...

Why ? Gas fees are low when crypto is down ...when crypto is down be creative.

Stack sats. The theory is easy, buy low sell high. People refuse to buy when thing s are low but can't help themselves to Yolo in when when everything is at all time highs. Leave emotions out of it. Does bitcoin have the same future outlook at $69k and now at $38k? Yep so why wouldn't you want to dive into the ability to buy twice the amount now then you could have only months ago. It's easy...put your head down and always stack sats.

That's the kind of mentality for a long term hodler, and I absolutely agree with this 100%.
What the OP suggests is another investment that has higher risk, however it has a higher return. Only If you knew the pros and cons on building dapps, creating NFTs and tokens. Because if you don't then that would be a huge loss on your end.
Unlike when you're just stacking more fragments of Btcs, you're never going to worry about losses as long as you have a long term perspective and is patient enough to wait for your target before cashing out.

LogitechMouse

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Why making it more complicated when you can make an easier and more profitable way in a bear market.
Just do DCA and you're done.

Why create NFT's? Why build DAPPS? Why create tokens? Why doing all of it when you can just buy a token at the top most likely and then hold it and do nothing. Why giving yourself a hard time doing this things when there are some other ways to get profit when everything is at its lowest point?

LastKiss

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Quote from: kaya11 on February 25, 2022, 02:19:05 AM

Start to sell something? How could you if the market is down, you should do the opposite, buy more in the dip. Don't base your selling point on gas fees, instead sell base on big profits. Unless you would go quitting and never come back, that is why selling on low market. You are giving ideas to people to sell their assets, it is called panic selling in short, or maybe should I say FUD.

Well, he means that we should sell something to increase our capital and buy more the dip because the gas fees right now are pretty low compared to when the price is high. Many people are lazy to do transactions because the gas fees are high but because it's pretty low we should take this momentum and do what we can't do previously. Selling something doesn't mean we should sell our assets but we can sell our creativity, our skills, etc.

kaya11

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Start to sell something? How could you if the market is down, you should do the opposite, buy more in the dip. Don't base your selling point on gas fees, instead sell base on big profits. Unless you would go quitting and never come back, that is why selling on low market is a lost. You are also giving ideas to people to sell their assets, it is called panic selling in short, or maybe should I say FUD.

tygeade

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Quote from: Darker45 on February 21, 2022, 10:02:08 PM

The crypto market is already inundated with countless of such things. Dapps, NFTs, and all kinds of tokens are created all the time and for no reason other than the hope that value is made out of them, unreasonably. There seems to be such pattern in the market. Developers are now like playing a lottery with crypto projects. They make one project after another hoping that one of these projects could hit it big in the market. The same goes to NFTs. And this is precisely the reason why the crypto market has become toxic and polluted.

Uuhm, you are kind of right about that one, there are so many of those projects everywhere. But that’s the thing with a market, you’re always going to see so many products that are being produced by lots of people, it’s just up to you go for what you want. So, the cryptocurrency world is the same thing like the real world market, it is open to everyone and you’re free to create whatever it is that you want to create in the market.

I don’t really have interest in dApps, but I think NFT is kind of cool for the fact the fact that there are lots of cool artworks being sold on there, and it has been rewarding so many artists for sure.

wheelz1200

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Quote from: spy100 on February 21, 2022, 08:40:40 PM

OMG crypto is low ! what do i do ?

Well let me tell you what you do when crypto is low (shhh don't tell anyone it's a secret ...):

1.You build dapps
2.You create nfts
3.You start selling something
4.You create tokens

etc...

Why ? Gas fees are low when crypto is down ...when crypto is down be creative.

Stack sats. The theory is easy, buy low sell high. People refuse to buy when thing s are low but can't help themselves to Yolo in when when everything is at all time highs. Leave emotions out of it. Does bitcoin have the same future outlook at $69k and now at $38k? Yep so why wouldn't you want to dive into the ability to buy twice the amount now then you could have only months ago. It's easy...put your head down and always stack sats.

TelolettOm

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Well, crypto is low enough.
What do I need to do?
In my opinion:
1. Don't panic
2. Focus on what we are doing
3. Making second plans for the best we can do to survive during this dip
4. Keep moving and try to take profits again

Quote from: spy100 on February 21, 2022, 08:40:40 PM

1.You build dapps
2.You create nfts
3.You start selling something
4.You create tokens

It is not as easy as you say. I will refer and advice to do whatever you exactly know and understand with your knowledge. Don't make any mess if we don't know many things and try these because this may be risky, may create some shits, and also others.
I know that the gas fee is low. But building dapps, creating NFT, tokens, are not easy, Maybe easy for creating, but difficult to develop or make it big with our own responsibility

Shasha80

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Quote from: jaberwock on February 24, 2022, 12:10:52 PM

Quote from: The Cryptovator on February 24, 2022, 08:01:01 AM

Seems OP suggesting creating a crypto project once the market is down (lol). This isn't what we should do during a bear market, it wouldn't bring a good result even for a crypto project. What we can do, is hold our existing assets and accumulate more if possible. Just do not sell assets like a panic seller. Today market conditions are more worst due Russia and Ukraine wars. This wasn't really expected anyway. Not sure if we gonna see this bottom in near future, it's crypto and we can't predict exactly. So it's time to accumulate guys, not to be panic.

I wouldn't create a new project, but since we are in a war and things do not look like it will be ending anytime soon, putting some buy orders in a few different places would definitely help. Think about it this way, if you put orders at 35k, 34k, 33k and so forth until 25k then you will be able to buy a lot more at the correct time.

I mean think about it this way, we are talking about something that would be greatly helpful for the long term for the investor. Doesn't mean that you would be doing awesome but that is what you do when the prices are down. If you think that prices being done would be something to create a new project for, then you have no idea how the market works.

In the current market situation, it is not wise to create new projects, investors will prefer projects that are already popular, rather than taking
the risk of investing in new projects. After all, why create a new project if now there are so many projects that have sprung up in the crypto market,
we only add to the circulating shitcoins. It's better if we just focus on buying potential coins in a situation like now. And the safest thing for now is
to buy Bitcoin when the price continues to fall, I agree with you by buying Bitcoin every time the price goes down. We can accumulate Bitcoin that
we have by buying at the right time. But my prediction is that the price of Bitcoin will not drop until the price of $25k, the lowest possible price
that Bitcoin will reach may be $33k. After that the price of Bitcoin will go up again, based on my analysis Bitcoin will return to above $40k in March.

stepwilli

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OP, at first I thought your talking about the coin OMG but I am wrong cause your talking to the whole crypto and that OMG in your title/sentence is only just an expression but moving on, no need to be shocked because this is not the first time cryptos became low.

Getting shocked will be more appropriate if the price went very 2x low because that wont be very usual for cryptos and what secret your talking about? You already made public this post lol but that is only a joke right? Gas fee can be low but not for eth I believe. No matter what the prices are, eth will still be this way and i think there is no chance for the gas fee to return to normal.

jaberwock

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Quote from: The Cryptovator on February 24, 2022, 08:01:01 AM

Seems OP suggesting creating a crypto project once the market is down (lol). This isn't what we should do during a bear market, it wouldn't bring a good result even for a crypto project. What we can do, is hold our existing assets and accumulate more if possible. Just do not sell assets like a panic seller. Today market conditions are more worst due Russia and Ukraine wars. This wasn't really expected anyway. Not sure if we gonna see this bottom in near future, it's crypto and we can't predict exactly. So it's time to accumulate guys, not to be panic.

I wouldn't create a new project, but since we are in a war and things do not look like it will be ending anytime soon, putting some buy orders in a few different places would definitely help. Think about it this way, if you put orders at 35k, 34k, 33k and so forth until 25k then you will be able to buy a lot more at the correct time.

I mean think about it this way, we are talking about something that would be greatly helpful for the long term for the investor. Doesn't mean that you would be doing awesome but that is what you do when the prices are down. If you think that prices being done would be something to create a new project for, then you have no idea how the market works.

merchantofzeny

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Quote from: CaVO32 on February 22, 2022, 06:29:27 PM

Quote from: merchantofzeny on February 22, 2022, 03:50:04 PM

As if there's not enough tokens and nfts floating around. And those ugly nfts, why do they have to be so ugly? Just keep at what you are doing. If you are starving simply coz crypto prices are low, then you must have done something wrong LOL.

This is what my take here also. If you will just add another crappy project or useless NFT item, better not attempt of doing it. Because not doing it, means, you are saving some poor people who will naively buy your worthless work. But I can agree if you are a talented artist and just waiting the right timing to publish your masterpiece. Please don't another trash item or project in crypto space.

I think some of these people are really in for the grift. As for NFTs, if I'm an artist I'd probably rather make prints and then sell those myself.

molsewid

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Quote from: Similificator on February 24, 2022, 07:44:59 AM

For the sophisticated people or people in the correct field (having the proper knowledge and skills), op's suggestions really are great for gaining huge advantages even when the market is bloody or capitalize on the bloody market, shall I say. But for people that are not well versed with the suggestions of op, it would be a better idea to just stick on buying the coins on sale and DCA whenever the prices go even lower. Of course, studying about the op's suggestions can also be done at the same time if the person is interested so he/she can adapt and have more opportunities that can be taken.

We have this saying that when people are in fear to take the risk to be courageous to stand in this situation and do your best to see the best thing out of it if you really wanted to get or earn good profit from it and that I think what was OP wanted to impart to us, however, the above-mentioned ways or options that he shared doesn't suit for all crypto users like for example the creating NFTs and creating tokens because not all of us has the ability, the potential, and the knowledge to do it. For me, in my case, I'd still choose to hold the assets that I've acquired and wait for the market to recover again.

The Cryptovator

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Seems OP suggesting creating a crypto project once the market is down (lol). This isn't what we should do during a bear market, it wouldn't bring a good result even for a crypto project. What we can do, is hold our existing assets and accumulate more if possible. Just do not sell assets like a panic seller. Today market conditions are more worst due Russia and Ukraine wars. This wasn't really expected anyway. Not sure if we gonna see this bottom in near future, it's crypto and we can't predict exactly. So it's time to accumulate guys, not to be panic.

Similificator

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For the sophisticated people or people in the correct field (having the proper knowledge and skills), op's suggestions really are great for gaining huge advantages even when the market is bloody or capitalize on the bloody market, shall I say. But for people that are not well versed with the suggestions of op, it would be a better idea to just stick on buying the coins on sale and DCA whenever the prices go even lower. Of course, studying about the op's suggestions can also be done at the same time if the person is interested so he/she can adapt and have more opportunities that can be taken.

ultrloa

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Quote from: The Sceptical Chymist on February 24, 2022, 05:56:20 AM

Quote from: Jawhead999 on February 22, 2022, 12:25:14 AM

What? There's no relation between all those you mentioned above and bear market, more over it make your product get less demand since no one is panic and fear. The good thing to do when it's bear market is start doing DCA or buy Bitcoin every dip, in the long run when the market recovered you'll earn profit after doing that. Actually you don't need to create those stuff in Ethereum chain if the gas fee is expensive, there's many alternative.

Spot-on, bro. If you believe that bitcoin (or your coin of choice) is destined for a much higher valuation--which is probably the case for most of us here--then you ought to be buying at times like this when it looks like everything is collapsing. Warren Buffett said something like "Be greedy when others are fearful", but it's easier said than done. For some bizarre reason when the prices are falling in the stock market, the crypto market, and basically any other investment market, people don't want to buy. That runs contrary to our normal instincts to spot a bargain and to buy something when it's on sale.

I'm just wondering how far bitcoin and all the little altcoin ducklings are going to sink. It seems like the selloff has something to do with the situation in Russia, and that mess has just started to escalate. God help us if other countries get caught up in this.

This is best decision to be made by people think about investing on bitcoin but been afraid on its current condition, but if we really while everyone is dumping for sure we can spot the best position they made. But if they bought there bitcoins last week then what's best for them is to do a cut loss exchange their capital to USDT or any other stable coin then buy again when market goes more dipper than the current price today.

And also Russia already warn the country who interfere their invasion and hopefully this war will not spread towards them between US since for sure more other bug countries will help their allies and it could turn all to more worse situation.

The Sceptical Chymist

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Quote from: Jawhead999 on February 22, 2022, 12:25:14 AM

What? There's no relation between all those you mentioned above and bear market, more over it make your product get less demand since no one is panic and fear. The good thing to do when it's bear market is start doing DCA or buy Bitcoin every dip, in the long run when the market recovered you'll earn profit after doing that. Actually you don't need to create those stuff in Ethereum chain if the gas fee is expensive, there's many alternative.

Spot-on, bro. If you believe that bitcoin (or your coin of choice) is destined for a much higher valuation--which is probably the case for most of us here--then you ought to be buying at times like this when it looks like everything is collapsing. Warren Buffett said something like "Be greedy when others are fearful", but it's easier said than done. For some bizarre reason when the prices are falling in the stock market, the crypto market, and basically any other investment market, people don't want to buy. That runs contrary to our normal instincts to spot a bargain and to buy something when it's on sale.

I'm just wondering how far bitcoin and all the little altcoin ducklings are going to sink. It seems like the selloff has something to do with the situation in Russia, and that mess has just started to escalate. God help us if other countries get caught up in this.

Bitbtc8

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Quote from: spy100 on February 21, 2022, 08:40:40 PM

OMG crypto is low ! what do i do ?

Well let me tell you what you do when crypto is low (shhh don't tell anyone it's a secret ...):

1.You build dapps
2.You create nfts
3.You start selling something
4.You create tokens

etc...

Why ? Gas fees are low when crypto is down ...when crypto is down be creative.

1. Building dapps is a good idea
2. NFT creation for what purpose? To make money? NFT isn't for everyone
3. Its not a must to sell something we already have so many valuable coins around, buy and hold.
4. Creating tokens isn't a must because not everyone is qualified to build a project, create a team work and keep updating the project for the future, this isn't a easy task unless you are creating for scamming.

awik p

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Quote from: spy100 on February 21, 2022, 08:40:40 PM

OMG crypto is low ! what do i do ?

Well let me tell you what you do when crypto is low (shhh don't tell anyone it's a secret ...):

1.You build dapps
2.You create nfts
3.You start selling something
4.You create tokens

etc...

Why ? Gas fees are low when crypto is down ...when crypto is down be creative.

I'm just a learner to trade and make a little investment in cryptocurrencies. to be like what you mentioned, of course I have not been able to. by learning to trade it will provide daily income, and not being affected by the current trend, we take advantage of fluctuations in the short term. on the other hand by investing, then I have savings for the future

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