Two basic things that can give you an advantage - page 2.

palle11

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Quote from: MyRihanna on September 27, 2021, 08:31:24 AM

It is not easy to buy when it is down. I think it requires a lot of determination and knowledge to do it. For someone new to Bitcoin like me, trying to buy when it is down is a great way to learn. I hope the market can give me the results I expect.

I don't understand what you mean by it is not easy to buy when price is down or you are talking regards to feare? Fear is what is all over not only for newbie but despite fear, we need to know the right thing to do incase we meet such situation. It is important to note that the best times to buy a coin is at bear times( which is the drop time). At this time the price goes down to become very cheap and you can buy as many unit that you may not have money to acquire when the price was high. At lower price, you can have more units and that is potential profit at time of sales.

zanezane

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Quote from: MyRihanna on September 27, 2021, 08:31:24 AM

It is not easy to buy when it is down. I think it requires a lot of determination and knowledge to do it. For someone new to Bitcoin like me, trying to buy when it is down is a great way to learn. I hope the market can give me the results I expect.

Nope it's easy, you just need some money to do it, I don't know if you need determination to buy when the prices are down but knowledge is helpful. Also, what exactly do you learn when you're buying when the prices are down? I don't know how you can gain knowledge just by buying something.

ChiBitCTy

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Quote from: aylabadia05 on September 09, 2021, 03:12:31 PM

There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.

I agree with you that when markets tank, the smartest thing to do is NOT panic and stay the course. If markets tank, it sucks, but it shouldn't be too big of an issue due to the fact that if your portfolio is properly established, then you're prepared for things like this. As for your second part, buy as many coins as possible such as the top 10..the top 10 is littered with garbage coins with NO future..buy coins that solve a legit need right now such as bitcoin and ethereum.

Wong Gendheng

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Quote from: Cindella on September 27, 2021, 04:38:35 AM

Price drop is a normal phenomenon in the crypto market, so don't panic and rush to sell the currency, keep a calm mind to analyze and find strategies to deal with.

Falling currency prices are also a good opportunity to buy at a low price, and profits can be made when the market recovers and prices rise.

When the price goes up and is expensive many people hope to buy at a cheaper price then now is the right time, the price drops and this becomes a good opportunity to buy, the market will always fluctuate and if you wait too long then the price will go up again and will say the same thing i.e. want to buy when the price is cheap.

alpamar99

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Quote from: Ngemmeng on September 28, 2021, 11:35:33 AM

for beginners like me it is difficult to do these two things. when the price drops far enough I have difficulty controlling my emotions so that it causes panic for fear that the price will continue to fall. second, when the price is going down I hesitate to buy because I think the price will continue to fall so I can get a cheaper price. the point is to do these two things requires strong belief and good self-control.

this is where our importance in learning about TA.
you feel doubtful and will be very afraid when buying because maybe you do not know the speculation about the price that will happen, and what happens is that you can only guess with your intuition in deciding everything.
Even though this TA has two possibilities, it is not wrong because the speculation we do with research will be more useful than you just using your instincts to see market movements.

uneng

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Quote from: Ngemmeng on September 28, 2021, 11:35:33 AM

for beginners like me it is difficult to do these two things. when the price drops far enough I have difficulty controlling my emotions so that it causes panic for fear that the price will continue to fall. second, when the price is going down I hesitate to buy because I think the price will continue to fall so I can get a cheaper price. the point is to do these two things requires strong belief and good self-control.

If you set your investment goals on long run there won't be any reason to fear market fluctuations in the present moment. You don't need to panic, just ignore the crashes and keep your coins untouchable until they reach to the price you are looking for. Furthermore, make sure to hold currencies which have potential on long run. To minimize risks, it's advisable to keep the biggest part of the holdings in btc.

watergold

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Quote from: aylabadia05 on September 09, 2021, 03:12:31 PM

There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.

it should be like that that must be done because indeed if we consider the correction as a discount here because we can add assets that we want to have at a lower price.
but many are not aware of this, especially for beginners, sometimes they are all in buying so that when a correction occurs they will be very confused and worried that their money will run out so that panic appears in their minds which makes them not think long and immediately sell their coins though it causes a loss.

things like this often happen especially for beginners and still don't really understand TA.

ziyaaa

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One should learn to keep calm when they see a serious dump in the price of the coin they invested into. If they start rushing things and panic selling, then they are obliged to lose a great deal of opportunity and money in the long run. They won't even be able to recover the money they lost as they are really impatient. An investor should always have backup plans for this kind of situations. It is a great way to get rid of the bad affects of a dump better than the other investors.

Ngemmeng

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for beginners like me it is difficult to do these two things. when the price drops far enough I have difficulty controlling my emotions so that it causes panic for fear that the price will continue to fall. second, when the price is going down I hesitate to buy because I think the price will continue to fall so I can get a cheaper price. the point is to do these two things requires strong belief and good self-control.

Rockstarguy

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Quote from: aylabadia05 on September 09, 2021, 03:12:31 PM

There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.

When the market falls controlling the attitude is the most important thing. Emotion is a very big challenge for most traders , they give up when the market is not favourable to them. If attitude can be deal with 40% of trading challenge is solved.

SoeNan89

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Because the company's need for capital is not small, companies generally open up opportunities for capital owners who want their funds to increase and be protected from inflation or currency depreciation by participating in financing the company's operating costs.

Then, as a reward and profit for the owners of capital or investors (in the scope of business better known as stakeholders), the company will distribute these profits according to the percentage of capital ownership of each stakeholder and with the percentage of profits that have been made and agreed in advance.

alpamar99

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Quote from: Cindella on September 27, 2021, 04:38:35 AM

Price drop is a normal phenomenon in the crypto market, so don't panic and rush to sell the currency, keep a calm mind to analyze and find strategies to deal with.

Falling currency prices are also a good opportunity to buy at a low price, and profits can be made when the market recovers and prices rise.

There is no specific strategy for this, what you need to do is don't panic, and stay as strong as possible on the assets you have and don't believe too much in speculative things and maybe if possible use the TA you do.
and what mostly happens now is to panic when there is a decline and sell even if it is detrimental.
so, as long as you don't have an urgent need, you should still hold on and leave your assets, if necessary you add the assets you have (if you have more capital). because it would be more useful.

TelolettOm

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Being calm is one of the basic emotions that we must have when trading crypto. Because crypto is always related to surprises and also bad news.
So, we must be calmer and also not panic about the situation.
And sometimes if we are daily trader, we must set a CL so that we can minimize the risks of losing. Then we can use the capital again to check and trade other altcoins in order to take profits. Sometimes, setting CL may be riskier because we will not know whether the price will be rising up again or not. But at least, we have seen several things that we can take some advantages. But unfortunately, many people are not like that

fullhdpixel

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Quote from: aylabadia05 on September 09, 2021, 03:12:31 PM

There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.

People go into crypto all-in and that is the biggest problem that many people have when the price drops. If you are not all-in then you could use the other amount you left in the account to buy more when it drops. However if you are all-in then all you can do is watch it as it goes down.

This is why I believe that we should not be going all into anything and always have some liquidity available to us at all times. Sure it is not going to be as simple as just putting some money in, but it is going to at least allow you to have that possibility so that you can do it. Without any money left, you can't get in even if you want to and that is the biggest problem.

MyRihanna

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It is not easy to buy when it is down. I think it requires a lot of determination and knowledge to do it. For someone new to Bitcoin like me, trying to buy when it is down is a great way to learn. I hope the market can give me the results I expect.

Alisha-k

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Quote from: aylabadia05 on September 09, 2021, 03:12:31 PM

There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.

I guise you can only buy when you have the resources to purchase. Holding on to the coin you already have is the best option. A friend suggested I get a loan to buy more coins but I had to consider what if the coin doesn't rise before the date I'm meant to pay back it will attract late charges and if it continues to the next month it still means more charges.
I will buy if I have more money for now I would hold

Bila0

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Quote from: aylabadia05 on September 09, 2021, 03:12:31 PM

There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.

Their is a reason behind this. As we all know that we all have our tradings that are continuous. As there can be Drop in crypto that will lead to our loss and we cannot make good money from this drop just hold.
There are always bug whales that make money from this because they have a lot of money. So i think I need to be a whale.

Cindella

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Price drop is a normal phenomenon in the crypto market, so don't panic and rush to sell the currency, keep a calm mind to analyze and find strategies to deal with.

Falling currency prices are also a good opportunity to buy at a low price, and profits can be made when the market recovers and prices rise.

patientforzhou

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Personally, I chose UNI DOT and FTM as the investment targets. Even after the sharp drop in May, I still hold and continue to buy. For most people, it is difficult to accept the face of a substantial decline in assets. However, if you are confident in the future market, insist on buying and add additional purchases in the event of a sharp drop. It is the best choice.

RealMalatesta

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Quote from: aylabadia05 on September 09, 2021, 03:12:31 PM

There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.

When the market drops like that all of a sudden, I don’t rush to sell my coins and I also don’t rush to buy just like some people would do. It’s best to just calm down and wait to see where the market will be heading to next. Sometimes I might decide to wait for the whole day, and when I check back later I will notice that the market is up again.

There are also times that I would check and I would notice that the market has even gone down the more, those times that it has gone down the more are the right time when you can start talking about whether you should buy and store more assets or not. But in a situation where you are rushing to do everything, you might end up making the wrong choices that will affect you even the more.

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