Should I stop trading in this bear market? - page 23.

Traderbtcc

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Quote from: Dreamace7 on September 06, 2018, 10:25:33 AM

There are ways of making profits, even in an extreme bearish market. But not all traders have the skill and ability.
The primary objective is to protect your capital, so in a bearish market, it's best to switch your holdings to top currencies which are high on CMC, and Hodl.

Sounds easy but you'll be amazed to find out that the top Cryptocurrencies are ones spearheading the dumps. Take for example, tokens will dump because the mother of all tokens ~ Ethereum is dumping as well. As for OP, I would advise that you stop all trading related activities to avoid getting rekt more.

Dreamace7

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There are ways of making profits, even in an extreme bearish market. But not all traders have the skill and ability.
The primary objective is to protect your capital, so in a bearish market, it's best to switch your holdings to top currencies which are high on CMC, and Hodl.

Yatsan

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Quote from: Pikachu12 on August 21, 2018, 12:36:14 AM

Quote from: Tduty on August 14, 2018, 03:20:29 PM

Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?

The most sincere advice you should stop investing now. At present there are many traders who invest formulas and they have completely lost. The whales have changed tactics and everything seems to have ended. So wait for a new market, and start over.

I didn't get the point of you saying that whales have changed their tactics? isn't it normal? that the market is down as of the moment because whales are waiting for a great time of the year like they always do? Trading should continue and great to continue due to bear market, less price of any altcoin in the market which will give you more opportunity in the cryptocurrency market.

kennen1113

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Quote from: RokokGudangGaram on September 06, 2018, 05:07:27 AM

for now the best and safest way to trade is to stop first and continue to buy coins that have great potential to be used as investments or to hold in the long term so that you can get a good profit....

The preferred option is to stop trading in the bear market, do not accumulate or buy more because a large number of traps are set up, if we jump in, we will hardly be able to escape, this market has changed too much. It is no longer a game for all of us, it is a battle of the underworld, we need to wait for that battle to end, everything will move back to stable and that is the time we can start trading, rush in this stage will be very easy to stick to the trap

lamadu3

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Quote from: hanlap on September 06, 2018, 05:09:25 AM

This is not the right time for you to trade now, while the price of Bitcoin and Altcoin are lame, when Bitcoin has just increased a bit, then immediately lower prices that we can not consider it.

I guess, only a newbie could ask this question. The beginner should really stay away from trading. Concentrate on holding your altcoins that you have in the portfolio.

dmamigo

sr. member

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Investing would be a good option, avoid day to day trade if anyone is new and if he/she is unable to handle a sudden loss. At every dip, try to buy few, and then you may decide to keep it for long term or for a shorter period of time, not day to day though. But even now one can earn, people just have to be very good with analysis and prediction capability, which will make them earn when there is a sudden rise.

MalcolmBee

newbie

Activity: 70

Merit: 0

If it appears that a bear market could be around the corner, get your portfolio in order by identifying the relative risks of each holding, whether it's a single security, a mutual fund or even hard assets like real estate and gold. In bear markets, the stocks most susceptible to falling are those that are richly valued based on current or future profits.

hanlap

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This is not the right time for you to trade now, while the price of Bitcoin and Altcoin are lame, when Bitcoin has just increased a bit, then immediately lower prices that we can not consider it.

RokokGudangGaram

full member

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for now the best and safest way to trade is to stop first and continue to buy coins that have great potential to be used as investments or to hold in the long term so that you can get a good profit....

anitaraymonds

full member

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The bearish market has lingered for a long period of the year 2018. The effect is shown on bitcoin and crypto currency holders where their portfolio has been on constant sliding southward. It makes no economic sense for any one to continue to hold so many had released their coin even at a loss. The market sentiment for now favor those with much money they can afford to lose are the once buying at these rock bottom price for hoping for a price to re bounce and send them to the profit margin so that they can make out a little profit. The truth remains abstaining for now remains golden waiting for the bulls to return and take control of the market.

otundebis

full member

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If your trading is repeatedly ending in losses to your portfolio, it will be wise for you to stop trading until the market stabilise and possibly in upward trend. Bearish market trading always lead to losses!

jujurloe

newbie

Activity: 103

Merit: 0

I do not want to stop trading because I still started this, what I am doing now is still observing even though I do not make transactions. I still hold coins for a while

legenduim

full member

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Quote from: Sadlife on August 19, 2018, 12:23:43 AM

You should stop if your selling your crypto coins for a lower price when you've bought it in a higher price. If that coin is popular and has good fundementals then you should probably hold it then wait for the right time to sell. Day trading is to risky this days cause you might lose profit unless you're really experienced trader.

It is insane to sell the cryptos right now when the price of them is so low. Some professionals can deal with day trading but the beginners should simply stop any activities - just hold.

Pikachu12

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Quote from: Tduty on August 14, 2018, 03:20:29 PM

Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?

The most sincere advice you should stop investing now. At present there are many traders who invest formulas and they have completely lost. The whales have changed tactics and everything seems to have ended. So wait for a new market, and start over.

deus030518

jr. member

Activity: 224

Merit: 1

If you cannot trade with this bear market you can do the long term trading. So that you will not lose and you can do other work other than doing the trading so thateven if you cannot do the trading you can still earn and there are many alternatives in trading when you cannot do it. You just need yo find some other work that you can do. You can also buy some coins when the market is at bear so that when the market gets high you can trade it right away. Just be hardworking in finding ways on how to find other alternatives to trading.

mornabo

hero member

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Quote from: Sadlife on August 19, 2018, 12:23:43 AM

You should stop if your selling your crypto coins for a lower price when you've bought it in a higher price. If that coin is popular and has good fundementals then you should probably hold it then wait for the right time to sell. Day trading is to risky this days cause you might lose profit unless you're really experienced trader.

Yeah you have to stop it if you want to sell it at a lower price it will only make you lose, you have to know that if there is a bear trend, there will definitely be a bull trend and it's only about the time before that happens, the most appropriate thing is to hold it his will avoiding from losses

Finestream

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Quote from: RSM0103 on August 19, 2018, 10:58:28 AM

Quote from: Tduty on August 14, 2018, 03:20:29 PM

Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?

Bearish market is the perfect opportunity to invest more on bitcoin and some of the altcoins. Yes trading can be addicted, and this bearish market can be a hindrance for some traders, but you should switch your strategy from day trading to long term investment and wisely choose your alts to invest and hold it until it reaches your target sell goal.

Right.You can still make this bearish market a time to improve your portfolio by buying more potential coins that are in bargain today and keep them holding until you see the price the perfect time to sell.Trading with this bearish market might be quite hard so better wait for a little price increase in the market.

usmanov123

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Chikuntv

"Trading is like an addiction" haha yeah, true, have you read Elder? btw on the bear market its hard but still possible to make profit, Im daytading with CrypScan service

Petrogradka

newbie

Activity: 62

Merit: 0

I'm not selling coins at all now! Waiting for the right moment to arrive! At the same time slowly buy a few other coins for the collection)

best ever

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Quote from: pobeditelvezde on August 18, 2018, 02:03:21 PM

I think you would better to suspend your trading until a new bullish market. It is not just my stance about the current market state. Many of prominent investors suggest newbies to wait until this bearish market will be over. Unfortunately I do not know when market will become bullish again. I watch market quotes every day trying to find something interesting what I can buy. Currently I have been attracted by ethereum it seems for me that ethereum can grow up to 500$ in next couple of months. I have bought ethereum and I hope my investment will be successful

Suspend but not quit. It will be better if you just hold the cryptocurrencies you have in your portfolio. Wait until the market starts to go up, and the bullish trend will come.

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