The best advice right now is to keep calm. Situation will become normal sooner or later
Keep calm and buy bitcoin because the market will always recover so I think this is a better advice. Always be prepared no matter what the market situation is especially the market is very volatile and it can move with a day, eight a big pump or a big dump. The normal situation will come to us, the world will recover from the virus and the stocks, cryptomarket will become more stable and will go up high again after this. 
Topic: Preparing for the dip days as an investor - page 2. (Read 505 times)
The best advice right now is to keep calm. Situation will become normal sooner or later
Staying calm is a last resort when someone does not know what else to do, but the best for now is to keep monitoring every situation that occurs and must be clever in taking an opportunity so that profits can always be obtained. 
It should be noted that stable coin increases cannot be like bitcoin or etherum, so we may only get a few percent profit. but when it crashes like this, even stable coins also decline even though it's a little. in my opinion for the preparation of long-term investments, bitcoin and etherum can still be an option. when the price is falling, and may go up or down. that's the risk in the crypto world.
Holding up until when?
How will you know if it is the time to sell bitcoin for USDT and when to buy it.
Now the question is, did you sell at the highest point of bitcoin?
This could be the point also when you will buy. I hope you did.
You cannot just keep on hoarding stable coins. It is like keeping it in a bank which is more secured rather than those stable coins which could vanish anytime.
How will you know if it is the time to sell bitcoin for USDT and when to buy it.
Now the question is, did you sell at the highest point of bitcoin?
This could be the point also when you will buy. I hope you did.
You cannot just keep on hoarding stable coins. It is like keeping it in a bank which is more secured rather than those stable coins which could vanish anytime.
Yeah, holding some tether would be useful thing to do, we all saw how this may happen. Always wondered by the way who are these guys who set -x2 orders with some desperate will to buy the dippest dip. They are winning sometimes 
to be honest, I think that it's too late. Well, prices are falling so fast and so deep, so turning it into a tether form now isn't necessarily the right decision. it could be that the price of bitcoin suddenly becomes $ 6k, and we skip that. honestly, I have not sold any assets because of this, but I see the market is a little calm. I'm waiting for the pump to return, I think the price will recover soon when the coronavirus problem is solved.
I will prefer to wait for more to see if more dip will set in before I buy any coin again.
The stablecoins that I have in my wallet should continue to lie down there in preparation for that.
Had it been I already know about this as at the time I was introduced to cryptocurrency, i would have been glad. However, it is not yet late. At least, the knowledge acquired no can still be very useful, not only for now, but also in the future.
The stablecoins that I have in my wallet should continue to lie down there in preparation for that.
Had it been I already know about this as at the time I was introduced to cryptocurrency, i would have been glad. However, it is not yet late. At least, the knowledge acquired no can still be very useful, not only for now, but also in the future.
Yeah, holding some tether would be useful thing to do, we all saw how this may happen. Always wondered by the way who are these guys who set -x2 orders with some desperate will to buy the dippest dip. They are winning sometimes
Maybe I'm lucky because when there is a drop in Bitcoin price, I don't hold the coin. So I do not lose a lot of money and the decline that happens reaches 25% for Bitcoin. Bitcoin prices decreased due to the effects of Corona viruses. Since WHO has announced that the Corona virus is a pandemic virus all countries have strengthened security. And it has a big impact on crypto.
I am fortunate that when the Bitcoin price drops happen, I can buy Bitcoin and Ethereum at a very cheap price. Investing in stable coins is very important and nowadays the market I think is slowly starting to increase.
I am fortunate that when the Bitcoin price drops happen, I can buy Bitcoin and Ethereum at a very cheap price. Investing in stable coins is very important and nowadays the market I think is slowly starting to increase.
The best advice right now is to keep calm. Situation will become normal sooner or later
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To be honest, this present dip situation where all prices got low has taught me that, as an investor planning and waiting to buy the bottom of top crypto currency tokens, you need to have in store lots of tusd or usdt or stable coin to achieve that.
The rate at which to buy bitcoin from local fiat notes increased immensely during this dip, making it hard to buy btc or eth.
Who else noticed such occurrences?
Do you think, holding up stable coins as the proper way to prepare for an investment schedule??
The rate at which to buy bitcoin from local fiat notes increased immensely during this dip, making it hard to buy btc or eth.
Who else noticed such occurrences?
Do you think, holding up stable coins as the proper way to prepare for an investment schedule??
I also noticed it, my local currency Naira rose as high as N520 per dollar, before it decline back to around N420- per dollars. Before this economy crash, it was trading around N350 - N370 per dollar. Your suggestion of holding your funds in stablecoin is a good one although knowing the project to patronize is where the problem is.
We have numerous stablecoin and there are still hundreds yet to be developed and dumped into the market. Most of the popular ones are associated with controversy and shady business operations which makes it difficult to trust their credibility.
The fear of them also performing an exit scam with Investors funds or them getting shutdown due to hack or government intervention, had been the major reason I have been much of a fan of most of the stablecoins out there especially USDT although it isn't a bad idea the OP has just recommended but be cautious.
Yes, many countries don't have crypto buying system through bank or card or native money! They buy crypto from local people! So, for them, it's not easy to buy crypto in the dip market as the local people won't sell at that huge low! There have some platforms that can help you in this case! You can buy crypto through Skrill, Neteller, Paypal from Localbitcoins, Bestchange platforms. Do it with your own diligence!
I felt the same about this it's better to hold at least 80-20 both ways and trade according to rising or lowering price rather than holding a coin and waiting for it to reach the moon.
I had all my coins on bitcoin and one another token, both of which are privately invested, that's why I was not able to sell them or buy more on the dip as I had no enough stable coin on stock.
I have the same problem. I could not buy any coins during this dump. I bought coins when bitcoin cost about 7 thousand dollars. I could not even think that Bitcoin could go as low as it is now I had all my coins on bitcoin and one another token, both of which are privately invested, that's why I was not able to sell them or buy more on the dip as I had no enough stable coin on stock.
Most traders and investors will now realize more, he benefits of having Stablecoin in their wallets or on a well-secured exchange. No matter how much the price of fiat to crypto has risen, Stablecoin will always be the best currency used in buying back crypto.
As for traders, the best to trade with now, crypto/fiat pair. This is because the market is moving downtrend. If you have Stablecoin on your account, it will serve as a backup for any price fall, but if you keep trading crypto/crypto. the more the market falls, the more your losses. You will always have a loss on both cryptos.
As for traders, the best to trade with now, crypto/fiat pair. This is because the market is moving downtrend. If you have Stablecoin on your account, it will serve as a backup for any price fall, but if you keep trading crypto/crypto. the more the market falls, the more your losses. You will always have a loss on both cryptos.
I have always told myself that I will have some cash aside just in case prices get too low, or even have some sort of buy orders at very low prices so I can buy directly at crashing prices if I am asleep when it happens (like last night) so I could actually profit when I wake up. However the deal is, I wasn't ready this time around, I had so much debt and had to pay them so my money was gone and I didn't had time to recover that easily.
Hopefully I will do better next time around but preparing for dip means you need to have cash in hand. Never go all in to anything in finance, always have some liquidity so you can use it whenever you need it. If you have zero cash, that means you will need to readjust constantly and you can't really invest comfortably like that.
Hopefully I will do better next time around but preparing for dip means you need to have cash in hand. Never go all in to anything in finance, always have some liquidity so you can use it whenever you need it. If you have zero cash, that means you will need to readjust constantly and you can't really invest comfortably like that.
Diversification is always the key to success. There are crypto bank services that are providing upto 12% of interest in stablecoins which is much better than keeping your fiat in the bank. And ideally you can transfer the stablecoins to any of the exchange if you want to buy some coins when they dip. But it also don't mean that you should not hold any fiat, having no fiat may bring other problems so make a plan and diversify your investment and money.
I felt the same about this it's better to hold at least 80-20 both ways and trade according to rising or lowering price rather than holding a coin and waiting for it to reach the moon.
I had all my coins on bitcoin and one another token, both of which are privately invested, that's why I was not able to sell them or buy more on the dip as I had no enough stable coin on stock.
I had all my coins on bitcoin and one another token, both of which are privately invested, that's why I was not able to sell them or buy more on the dip as I had no enough stable coin on stock.
The period of the dip is something most investors should have prepared for.The dip moment should not be a time for investors to be worried and depressed. The question should be how do I make use of the opportunity of the dip period.This time that market is not really encouraging should be the best time for investors to invest more in coins that are highly valuable. The coins are of lesser price at this moment of market dip ,hence can be invested into to a large extent and hold for the time of bull run. Every wise investor should see the dip moment in the market as a time to gather enough for the coming harvest.
Now many will know the importance of stable coins, I would have safe myself from this huge loss but I never saw it coming, from 3000$ I'm left with 1500$, life goes on, I'm ready to hold for long term
The biggest investment in my portfolio is Ethereum. Of course, it’s very unfortunate that I did not follow what was happening on the cryptocurrency market and did not benefit from such price fluctuations when the price of Ethereum fell from $ 200 to $ 119 per coin. Nevertheless, I decided to invest a certain amount in Ethereum again when the price dropped to $ 129. I think this is a good chance, given the possible increase in prices due to bitcoin halving, which in turn should affect other cryptocurrencies.
Yes, my fiat has loss against the USD, so my friend rejected my proposal yesterday for him to buy the dip after seeing the conversion rate, the effect of the virus on my economy is real. But OP why do you always make your topic a self-moderated topics, do you do this on will or by mistake without stating any reason?
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