Still Trading When Red? - page 29. | Bitcointalksearch.org

iMark

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Quote from: tapaibuccok on January 28, 2018, 05:29:53 PM

Quote from: CryptoBry on January 17, 2018, 05:52:08 AM

It is said that we can make money in trading when the market is up as well as when the market is down. Right now, the cryptocurrency market is experiencing a big bloodbath (though there might have been bigger ones before) where some are estimating that we lost around 40% of the market value so far. Though I personally believe that this is just temporary and very historical (it happened in the past on the same period), it is still sad to see what we have already gained just wipe out in some hours and days. This is just the way with cryptocurrency market...

Under this dire situation, are you still trading or you are pausing for a while just waiting for the right timing when to buy coins and tokens again?

yes I still do trading on some altcoins like ethereum, doge, and ripple but I never think I will hold it for a long time, I just look for a little profit and sell it and I think ''day trading'' is good to do now

great traders can look for opportunities even though the market is red and can take advantage of it, the red market does not mean the price will continue to fall, there must be a time the price will rise even if only briefly and great traders can surely make good use of it, but I am not a trader which is great, there is a big risk if trading when the downtrend occurs, that's why keeping long-term for altcoin at risk, but if the market is still red, I'd rather just look, wait until the market returns conducive and do trading again,

onnz423

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When the whole market is down, trading becomes about relative improvement. For example if bitcoin is has dropped 30%, and litecoin has dropped 40%, you can now purchase more litecoins for the same amount of bitcoin, thereby increasing your absolute holdings in litecoin regardless of its dollar value. When the market is down your priority should be increasing absolute holdings, when the market recovers you will actualize your gains.

mostkey

sr. member

Activity: 742

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quite difficult to trade at the time the coin price falls. therefore it is important to have good analytical skills. or to be more secure you can do it by using investment or long term trading. so you only buy coins when the price goes down and sells them later

patapon49

newbie

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Personally when everything is red I prefer not to do anything, the movements are abnormal, fast and it is the best way to panic sell or panic buy

Feuerbach

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Quote from: CryptoBry on January 17, 2018, 05:52:08 AM

It is said that we can make money in trading when the market is up as well as when the market is down. Right now, the cryptocurrency market is experiencing a big bloodbath (though there might have been bigger ones before) where some are estimating that we lost around 40% of the market value so far. Though I personally believe that this is just temporary and very historical (it happened in the past on the same period), it is still sad to see what we have already gained just wipe out in some hours and days. This is just the way with cryptocurrency market...

Under this dire situation, are you still trading or you are pausing for a while just waiting for the right timing when to buy coins and tokens again?

During such a price fall that you wrote about in post, it's time to buy for a future sale

Akash1243

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I would take this drop as an opportunity to invest more in coins in cheaper rates because this drop won't last for long and soon every coin will start rising again.The drop in coins was caused by the price correction of bitcoins which heavily affected other coins too.And January always has been a very gloomy month for crypto currencies and after march or so it starts rising.

tapaibuccok

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Activity: 303

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Quote from: CryptoBry on January 17, 2018, 05:52:08 AM

It is said that we can make money in trading when the market is up as well as when the market is down. Right now, the cryptocurrency market is experiencing a big bloodbath (though there might have been bigger ones before) where some are estimating that we lost around 40% of the market value so far. Though I personally believe that this is just temporary and very historical (it happened in the past on the same period), it is still sad to see what we have already gained just wipe out in some hours and days. This is just the way with cryptocurrency market...

Under this dire situation, are you still trading or you are pausing for a while just waiting for the right timing when to buy coins and tokens again?

yes I still do trading on some altcoins like ethereum, doge, and ripple but I never think I will hold it for a long time, I just look for a little profit and sell it and I think ''day trading'' is good to do now

BubblySheep

newbie

Activity: 30

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I tried catching falling coins before and it didn't go so well for me.. This time, i'd rather just sit on the sidelines until at least 2 green candles show up.

mxyzptlkof6th

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Activity: 294

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Quote from: CryptoBry on January 17, 2018, 05:52:08 AM

It is said that we can make money in trading when the market is up as well as when the market is down. Right now, the cryptocurrency market is experiencing a big bloodbath (though there might have been bigger ones before) where some are estimating that we lost around 40% of the market value so far. Though I personally believe that this is just temporary and very historical (it happened in the past on the same period), it is still sad to see what we have already gained just wipe out in some hours and days. This is just the way with cryptocurrency market...

Under this dire situation, are you still trading or you are pausing for a while just waiting for the right timing when to buy coins and tokens again?

I am pausing a while because the values of my coins can still go up. It is good to be patient at times like this specially if you had already seen a situation like this before in the market of cryptocurrencies.

StochasticOrder

jr. member

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The short-term dip we have seen recently is natural and I would be more worried if it hadn’t occurred since it would signal a larger drop down the road. It’s not a surprise that the price started lowering at the end of the year, those investors that use more traditional trading platforms and pay taxes were closing out so they could claim it on last years form before getting back in, which was likely delayed with the fear mongering headlines we’ve seen recently. The rebound has already started, we’ve seen Ethereum up 40% since it’s lowest point a few days ago.

Rajatruck

member

Activity: 109

Merit: 10

When everything is red personally I close the screens and I go out to do other activities

stevano

sr. member

Activity: 423

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every moment I always take advantage to gain, the way if we have already bought at the top price then the price decreased, if like this happens then I will save and if there is still capital then I will buy at the bottom price to keep the purchase losses at the top price just now

darkangel11

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Of course! Having all red candles for days is simply not an option. There's always a bit of dumping followed by a short rebound until we finally reach the big one and begin a recovery. Trading in the red is more difficult, but very much doable. I've seen people do it live just waiting for the candle to form and going in and out again and again. I'm more of a stable guy who waits for a few hours, watching it go down and setts up near a predicted support line waiting for the coins to hop into the bag.

jaysabi

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Quote from: automail on January 17, 2018, 09:55:33 PM

Quote from: CryptoBry on January 17, 2018, 05:52:08 AM

It is said that we can make money in trading when the market is up as well as when the market is down. Right now, the cryptocurrency market is experiencing a big bloodbath (though there might have been bigger ones before) where some are estimating that we lost around 40% of the market value so far. Though I personally believe that this is just temporary and very historical (it happened in the past on the same period), it is still sad to see what we have already gained just wipe out in some hours and days. This is just the way with cryptocurrency market...

Under this dire situation, are you still trading or you are pausing for a while just waiting for the right timing when to buy coins and tokens again?

It is safe to hold your alts while in this bloodbath situation. If you are a risk taker and can take the risk because you have the money, you can always bet trade. Playing safe on investing can sometimes stop you from earning. Although I prefer to be safe, I always admire those people who take risk and be successful. There only a few of them. Majority of them fails because they are too greedy. At the end of the day, its your decision. Trust in your knowledge and gut feeling. It's like poker, you can be aggressive or play it safe.

If someone sold their house and put all their money on a roulette number, would that be an admirable thing to do? It's incredibly risky, but I can't imagine anyone finding it admirable to risk significant savings (win or lose) on what is a chance initiative. That's essentially what Bitcoin/crypto has become. How many people are now buying Bitcoin on credit cards or taking other high risk loans to speculate on something they hardly understand?

eight5nine

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Red or green....it really doesn't matter. If you believe in crypto then you're all in. If not, get out the way for the people that are. ;P

glowing10

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Quote from: kaysersoze on January 18, 2018, 02:47:46 AM

Yes of course! This is a perfect time to trade or just to hold, i prefer to hold since you can buy a lot of coins for a cheaper price. But yes, you can easily make a lot of profits from this kind of situation.. almost everything is in a -50% at the moment.

It is like a sale in the mall happening where you are getting 30 - 70% off. So why not one should buy the coins now when it is available at cheap prices. Just within 24 hours we can see a huge rise among altcoins already. So if bought ystd by today your portfolio would have grown by 20 - 30% already of good altcoins.

btc.fanda

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I think it is the time to buy

kaysersoze

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Yes of course! This is a perfect time to trade or just to hold, i prefer to hold since you can buy a lot of coins for a cheaper price. But yes, you can easily make a lot of profits from this kind of situation.. almost everything is in a -50% at the moment.

mx667

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Quote from: ?? on ??

I'm just holding into my Bitcoins and I have no plans in trading, however since demand will skyrocket this time, I might consider buying also some coins. I don't see this day or period as a bad day to all of us, instead I see this as a great day for investors to invest in Bitcoin. This is just another break for us to sell few coins for profit aside from those whales that sold a lot from last month and those panic sellers that can't wait. As the year goes, there will be more buyers due to its low price and after that expect its recovery.

Actually it depends on the type of trading you do. It also depends on the currency and cryptocurrency you make a tool for trading. If you do short-term trading with Bitcoin, then maybe you should rest for a while. But if you do long-term trading with Bitcoin, the current price of Bitcoin will not really matter to you because you can wait until the price goes up again. In fact, you can take advantage of this opportunity to buy and collect Bitcoin as much as possible so that later when the price is recovered, you can sell your Bitcoin and you can get a lot of profit. It also applies to Altcoin and certain cryptocurrencies.

AMHURSICKUS

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All crytos are suffering from a big down of price, so its better to buy now and hold it untill it increase.
Trading rightnow is too risky all crytos are in red situation.
So we better take this as a chance to buy and hold , wait, be patient and trust your coin. And make profit when it is high.

Topic: Still Trading When Red? - page 29. (Read 2172 times)