Should I stop trading in this bear market? - page 5.

Ryanbruc

newbie

Activity: 30

Merit: 0

Quote from: bryant.coleman on November 20, 2018, 12:05:29 PM

If you are a good trader, then you should not care whether the market is going up or down. Because profit-making opportunities are present with both the scenarios. But you need to use your brain and control your emotions. Grin

I don’t know about coming days but yes, I am saying this is bear market. Bitcoin has reached the downstream and touch the lowest price of this year. Soon it will be jumping over so stay tune.

oicieffive

newbie

Activity: 29

Merit: 0

Quote from: Dudeperfect on November 20, 2018, 11:15:33 AM

I believe that a good investor/trader has the ability to deal with any kind of situation arising in the market. However, not investing and trading is a wise idea if the situation is out of his control and understanding. If someone is willing to take a risk by trading out of his comfort zone then he should be ready to deal with the consequences arising out of such decision. However, never blindly follow others opinion because they don't have the complete picture and understanding of your skills, knowledge, experience and understanding.

Small investors don’t need to get panic, firstly. Second, don’t put your money on stake by selling due to panic. Keep your minds and hearts strong. This is just for a short time, it will jump soon.

enwi

full member

Activity: 602

Merit: 101

market conditions are bad and maybe you can stop and wait for the market to be better because trading with the current market conditions has a very large risk and the price always changes drastically, if you don't have a strategy and good knowledge about trading you will lose

Xuaojango

newbie

Activity: 2

Merit: 0

I think we should sell everything and wait for the market to come down so we can buy. I think it is not time to buy now

Otsu

full member

Activity: 546

Merit: 100

Quote from: nhattori27 on November 22, 2018, 11:07:36 AM

In the current market situation you can't make profit in short-term trading, so if you have got funds then it would be good for you to go for long-term trading. Buy some coins and hold them for a few months, if not longer.

That would be a good strategy on this kind of situation. We better buy some coins that have cheap value and keep it at least a couple of months or until the market gets back at it's flow so that we can have a chance to gain high profits from our investments.

Zalura

newbie

Activity: 73

Merit: 0

Quote from: Azima85 on August 14, 2018, 03:45:54 PM

If you're not able to profit from trading in a bear market. You shouldn't be trading clearly. You're simply adding more losses to your losses from the way the market is behaving. So, either sell all and stay in fiat until market recovers or hold the coins you really believe in and forget about them.

we have to understand the situation that is happening, if the trading situation is really not good then, anticipation steps we can use, safe steps usually stop trading before we lose too much, always monitor price movements and be cautious, buying and selling bitcoin is indeed very risky, but we can anticipate it with careful preparation.

barabarian1

sr. member

Activity: 938

Merit: 250

yes, most people today experience things like you. now is a difficult time to benefit from trading. Market prices always go down and down. and a decrease of up to $ 4400 today. I myself feel fed up with the current market conditions. maybe the best thing is to stay calm, and continue to work looking for income by trading.

nhattori27

member

Activity: 387

Merit: 11

In the current market situation you can't make profit in short-term trading, so if you have got funds then it would be good for you to go for long-term trading. Buy some coins and hold them for a few months, if not longer.

Fridalucia

newbie

Activity: 23

Merit: 0

According to me trading can provide us with huge profits but only if you have enough experience and skills for it. Trading is not simple as investing and holding.You have to keep an eye on the rise and fall of the price and have to sell your coins on regular basis.
Fix the min and max sum to trade to trading bot. I use tradesanta.com and I recommend you this bot because it's free, you can trade online and it's easy to use.

conected

hero member

Activity: 1302

Merit: 503

Quote from: ShadowBits on November 22, 2018, 07:35:27 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?

Depends on you though. In this kind of bear market you can still profit a lot, but if you see that you are not good with it then it is up to you to quit trading this bear and just wait for the bull market again.

- Bear market can really bring us a lot of profits but huge risk will always appear beside the huge profits, and as we can see, many traders also want to make a lot of money in this market, their situation now is probably not so positive, the loss has clung to them, and this loss is getting bigger. Not only the ordinary traders, the experienced traders are also unable to escape this situation, whales have completely controlled the market, we plunge into just become prey, the best that we should be outside this war, only come back when everything has gone into orbit

Gibreil

member

Activity: 805

Merit: 26

I will stop also my trading activity because I see that there is no changes in the next couple of weeks. I thought it could be a lucky year for me since I saw that other person back when I started got 0.5 BTC as they enter in crypto industry. Maybe, it is not time for me to become millionaire and I will pursue myself to be like that.

fasdorcas

hero member

Activity: 798

Merit: 527

It’s same thing with every other person. I think what you should do is quit for a while and watch the price, or maybe just buy at this current $4,500 and store them in your wallets. I am very sure there is going to be a bigger bull coming soon. I’m not sure when it’s going to be, but it’s probably going to be any time next year. They have really succeeded in discouraging most of the investors in the market and getting them to quit with loss and making the price to drop very low so they can buy the dip and pump the price.

Quote from: coinbirds on November 21, 2018, 06:26:52 PM

Bear market is as good for trading as any other markets.
When you see CMC and look at the gainers and losers we can see that not all the coins are rising or declining at the same time and there are many opportunities for trading.

No it wouldn’t be a good idea to trade at this, unless you really know what you’re doing and you’re sure of ways you can profit from the market despite this current situation. Just like one of my friends, he never complains about price falling and I’m surprise that he doesn’t. So some people still find this fall as a good thing or whatever, and I don’t know how they manage to make income. As for those who are still novice, best thing to do is buy the deep and HODL it till there is a Bull run.

ShadowBits

hero member

Activity: 994

Merit: 504

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?

Depends on you though. In this kind of bear market you can still profit a lot, but if you see that you are not good with it then it is up to you to quit trading this bear and just wait for the bull market again.

MRY

full member

Activity: 560

Merit: 109

for now it is difficult to be able to get a profit in trading because the price of coins is difficult to predict and always goes down, but if you have a better strategy and can use this opportunity to be able to start and try again maybe you will be able to make a profit

believe in BTC

newbie

Activity: 44

Merit: 0

Quote from: katerinaliisa on November 20, 2018, 03:35:23 AM

Even in this bear market you can earn. I have stopped independent trading, because I can not trade in a falling market, but I trade on the signals of my friends. These guys are good at analyzing and as a result, my finances are increasing every day thanks to them.

Hold and hold for so long time. Because you might be selling them in panic but believe me this isn’t the time to sell. Notwithstanding the bear market, find best chances and buy more bitcoin.

Arthurian60

newbie

Activity: 234

Merit: 0

A lot of people decides not to trade during bear season. But looking at it as a professional trader, its the best time to trade if you really know what you are doing. Most coins hit their All time low and it present good opportunity to buy most coins cheap. You buy during bear season and sell at bull season.

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

Quote from: CryptoIyke on November 22, 2018, 01:30:16 AM

Trading in bear market requires a smart strategy, best to exit if you are not the quick to take profit type and place stop losses, being patient does not apply here as each support becomes the next resistance. At such period you don't over trade and always keep profit and close trade in fiat

You must be alert all the time because the market has been moving downward, that's the trend I am seeing now and as a trader
most of us are positive with the price as we want to sell high compared to the amount we bought. This is a test for us, if we survive this, that means we are smart.

CryptoIyke

copper member

Activity: 308

Merit: 1

Trading in bear market requires a smart strategy, best to exit if you are not the quick to take profit type and place stop losses, being patient does not apply here as each support becomes the next resistance. At such period you don't over trade and always keep profit and close trade in fiat

coinbirds

full member

Activity: 588

Merit: 104

Bear market is as good for trading as any other markets.
When you see CMC and look at the gainers and losers we can see that not all the coins are rising or declining at the same time and there are many opportunities for trading.

3x2

legendary

Activity: 1526

Merit: 1004

Yeah, better use bots or automation tools if you wanna cap some profit from the bear market. If you are solely into your due diligence for trading now then you can fail.

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