Thanks for all the insight guys, appreciate it.
I ended up putting £200 on the dip.
I was dabbling in the world of trading and had my money spread across about 15 coins. I ended up keeping away from this because the fees to transfer between wallet and exchanges are astronomical and I would have to clear about a 30% return just to break even.
So my goal is now simply to invest. I see this as a savings account now with a volatile interest rate. Each month, what I would normally put away into savings I will invest half into a split of Bitcoin and Ether and just leave it like that.
I love watching the graphs and trying to gain as much knowledge as possible but I'm also acutely aware that I am not going to make a fast buck from trading unless I am an expert at it. And I'm not going to be an expert unless I invest 40+ hours a week into it. I'm quite content now just investing some cash and watching the rollercoaster from a sideline.
Topic: Some advice please? What to do in current downturn market state... (Read 243 times)
January 21, 2018, 03:40:38 AM
January 19, 2018, 04:51:57 PM
All give the correct clues, but no one asks in which cryptocurrency the author invested. After today's fall of the whole crypto market, many weak and young coins will not be able to fly again! Is not it?
January 19, 2018, 04:42:59 PM
To be honest man, if you care about the fiat money or really need it take it out. If you dont need it right now then just HODL.
My advice is to not buy the "flavour of the week" coin, you know the one that gets 10 000 youtube videos uploaded about it out of the blue, with thumbnails with Lambos, guys looking surprised, an upward graph that says 1000% or anything like that.
Go research and put your money into things you personally believe in, dont ever buy things just because everyone else is. Think about ICOs and coins with a clear mind and think "is there a market for this product?". If you really believe in the stuff you put your money in to then you wouldn't be scared to be down for a few days in net worth.
Also, dont day trade unless you really really know what you are doing. That stuffs really risky
My advice is to not buy the "flavour of the week" coin, you know the one that gets 10 000 youtube videos uploaded about it out of the blue, with thumbnails with Lambos, guys looking surprised, an upward graph that says 1000% or anything like that.
Go research and put your money into things you personally believe in, dont ever buy things just because everyone else is. Think about ICOs and coins with a clear mind and think "is there a market for this product?". If you really believe in the stuff you put your money in to then you wouldn't be scared to be down for a few days in net worth.
Also, dont day trade unless you really really know what you are doing. That stuffs really risky
January 19, 2018, 02:33:45 PM
Buy the dip if you can afford it. HODL for now unless you actually need the money.
January 19, 2018, 09:18:53 AM
Of course HODL lol
and buy more, I think
There;s a pretty funny video on cointelegraph which talks about hodl
it's called red wedding of crypto or smth like that
search it! it's hilarious
and buy more, I think
There;s a pretty funny video on cointelegraph which talks about hodl
it's called red wedding of crypto or smth like that
search it! it's hilarious
January 19, 2018, 07:37:34 AM
How to buy the dip?
Ear to the ground, watch charts/graphs, then make an educated decision and be Nike and Just Do It! 
January 19, 2018, 06:51:43 AM
Patience is a virtue, usually the graph goes down when January and after this it will sudden spike up. So, HODL.
January 19, 2018, 06:30:17 AM
Personally I'd take the risks and buy the dips, and that is if I can afford the potential losses on my pocket. From the looks of it you seem to be anxious about investing in crypto in the first place knowing that you're already scared of a 48-hour downtrend. I myself have been in the same situation back in 2014. Lost some money, reconsidered my goals and told myself to buy the dips whenever possible. Made quite a holding of bitcoin in today's standards and sold them all for a 3000% return. The trick is you take risks you know you can bear if things don't work out well. It is rewarding in the end. Also, try to set emotions aside when dealing with your paper. It ultimately helps you in making wise and sensible decisions. Don't chase losses and always, always be patient.
This^^^^ is one of the best answers. IMHO
I'd +1 you @dothebeats but i don't see the button yet?
KUDOS!
January 18, 2018, 06:34:43 PM
I think you should "hold" your coins. sell when the price decreases (panic selling) will only make the price of coins is reduced. You just need patience in trading.
January 18, 2018, 04:40:13 PM
If a dip scared you enough to post about it, I would recommend holding and not investing anymore until you witness how volatile the crypto market can be.
January 18, 2018, 02:53:00 PM
Personally I'd take the risks and buy the dips, and that is if I can afford the potential losses on my pocket. From the looks of it you seem to be anxious about investing in crypto in the first place knowing that you're already scared of a 48-hour downtrend. I myself have been in the same situation back in 2014. Lost some money, reconsidered my goals and told myself to buy the dips whenever possible. Made quite a holding of bitcoin in today's standards and sold them all for a 3000% return. The trick is you take risks you know you can bear if things don't work out well. It is rewarding in the end. Also, try to set emotions aside when dealing with your paper. It ultimately helps you in making wise and sensible decisions. Don't chase losses and always, always be patient.
January 18, 2018, 02:50:33 PM
If the £500 you already put in won't hurt to lose, then hold it. Hodl
Investing a second £500 is harder to call - that's up to you. But could I suggest you google the January Dip? It's a thing.
Personally, if I had a few extra quid about now, I'd buy. But I wouldn't spend the rent.
Investing a second £500 is harder to call - that's up to you. But could I suggest you google the January Dip? It's a thing.
Personally, if I had a few extra quid about now, I'd buy. But I wouldn't spend the rent.
January 18, 2018, 02:35:53 PM
while cheap lg market we can get coins, later after high market again we just exchange or d money ..
January 18, 2018, 06:04:07 AM
“HODL” – “Hold on for dear life”
hodl
An "on purpose, kinda" misspelling of "hold" - first coined in the altcoin sphere in 2013 & later said to imply "Hold On for Dear Life". It reinforces the financial concept that you don't sell in a Bear Market. You ride it until the bitter end, or the price comes back up. (Hint: Crypto prices usually comes back up.)
First use reference: bitcointalk.org/index.php?topic=375643.0
When the trading prices keep dropping embarrassingly low, keep hodling! This isn't Penny Stocks - it will come back up eventually.
HODL
hodl
An "on purpose, kinda" misspelling of "hold" - first coined in the altcoin sphere in 2013 & later said to imply "Hold On for Dear Life". It reinforces the financial concept that you don't sell in a Bear Market. You ride it until the bitter end, or the price comes back up. (Hint: Crypto prices usually comes back up.)
First use reference: bitcointalk.org/index.php?topic=375643.0
When the trading prices keep dropping embarrassingly low, keep hodling! This isn't Penny Stocks - it will come back up eventually.
HODL
January 18, 2018, 05:23:23 AM
What is HODL?
January 17, 2018, 06:44:40 PM
I'm allready mad at me that i didnt buy in today but lets see how this turns out.
will dump another 2k in the morning.
So if you are like me , buy more.
or wait how it turns out.
but i believe and am in the game for longterm (have allready been since mid 2016)
But do what you are most comfortable with
wouldnt recommend the selling option tho.
wait it out in the worst
Longterm crypto only knows one way , and thats up ; )
will dump another 2k in the morning.
So if you are like me , buy more.
or wait how it turns out.
but i believe and am in the game for longterm (have allready been since mid 2016)
But do what you are most comfortable with
wouldnt recommend the selling option tho.
wait it out in the worst
Longterm crypto only knows one way , and thats up ; )
January 17, 2018, 01:36:36 PM
Assuming you put the money thinking also at the rule "do not put money in crypto that you cannot afford to loose", I would exclude option 1. Based on the same rule you can decide between 2 and 3. If you go buying than the rule is "buy the dip". How deep a dip can be, of course nobody knows. You have to trust your feelings. If you believe crypto will rise back from this dip, it should not matter if you buy now or after it drops (if it drops) another few hundreds.
January 17, 2018, 11:12:52 AM
You pretty much answered your own question. It only depends on you if you could afford to wait longer for a potential rise in price or if you really need the money and cash out now. Personally though? I'd buy the dips. But if you think crypto's prices are going to drop more, then sell. If you think they're going to rise, then buy.
January 17, 2018, 10:50:15 AM
Any other advice floating around out there?
January 17, 2018, 09:37:20 AM
can't really tell you what to do so i'll leave you with what i do.
HODL and buy dips.
HODL and buy dips.
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