Topic: Two basic things that can give you an advantage - page 5. (Read 869 times)

Remaining to be calm is something really hard to sustain or could be done on this market because price is way too volatile.You cant really assure that you would make yourself numb whenever you do see
prices are falling specially if you do hold some significant amount then you would surely freak out.Its easy to say that we should buy those cheap prices but how you do consider that those are the best time?
For sure we would really be thinking off on the possible bottom which we do try our best to enter at least on that particular time and this is where confusion and questions on mind do pop out.

The best advice is to take 90% profits when values are up and wait for dips then buy back again, keep repeating this till you have good amount that you can keep risking, there will come a time where you won't be able to tell the difference between real bear market again, where you buy the dip and it dips more till you realize that bears are back, best advice? Be prepared

I only like the first part of the advice as that always is beneficial to the one who implement it,remaining calm in any kind of situation,crypto fall being one of them.For the second part I would not limit it to the top 10 coins,I use a lot coinmarketcap app to look at who are the best performing coins,who are increasing the most in percentage and if I see a coin which has really low value like 0.01 dollar and I see it has 60% increase I usually go to buy these kind of coins and not limit myself to the top 10.Of course during this venture is best to have some spare money which you can use in such events because I have seen people borrowing money to buy some dips and then they could not afford to pay their debt in time because of further depreciation of the coin.

I think the main thing that could save you from being shaken and losing in crypto is by identifying and remembering the main reason why you entered. What was your goal the moment you started investing in crypto? Was it for the short term or for the long term? If you are here as a scalper or trader, you should know when to take profit and when to leave your funds untouched to regain paper losses. If you are here as a long-term investor, then there is nothing to be worried about because sudden price dips happen from time to time. Cryptocurrency is volatile. There would really be times that the price of the coin you invested in will be in a high position and there would be times that the coins you invested in will be in a low position. You don't really have to watch the price movement every time because you'll just get anxious. All you have to do is to wait until it skyrockets again if you want to take some profits and invest while it still has low price value.

You see, the bearish market isn't really that bad like people perceive it to be. For me, it's a great opportunity to buy additional coins for my investment. The best time to buy is when the price of the coin which shows a lot of potentials, suddenly dips. We should take advantage of the dips and utilize them for our own benefit. It's indeed true that geniuses utilize market volatility to make more profit. They see every market movement as an opportunity and not as a threat.

Indeed, patience is one of the keys to profit, but that doesn't mean we just need to have patience,
other special skills are also important such as having good knowledge and analysis,
one must realize that making a profit in crypto is not an easy thing and the risk is also big

When the price of the crypto market drops or there is negative news, many people will panic and make the wrong decision to sell the currency. So it is very important to stay calm in this situation to protect assets from economic losses.
Long-term investors should not pay too much attention to the price when they put the currency in their wallets, as long-term holdings will eventually get high returns.

Remaining calm is one of the best attitude you need to have to get an advantage. Patience is also needed for waiting for the price to recover. As you have said, you have to believe that the price will recover so a lot of patience is needed. People who does not have lot of patience won't be able to do it and would only lose profit or lose the exact amount of capital you started with.

When the market drops or fluctuates sharply, everyone will have some emotions or panic. Until the market recovers, the sentiment will continue to exist. When we remain emotionally calm, we will help us make the right decision. If you see your coins fall, you usually panic. This is the normal reaction of investors.
Take it easy, the profit will come back, maybe tomorrow is the future.

Remaining calm in the face of any situation is the key to success, as for buying back, prioritize buying bitcoin before other altcoins. The crypto market has been like this time and time again, so if someone panics, of course it's a mistake, try to always provide spare money for such momentum.

I wish more people knew this. Most people doesn't really have the guts to take the fall and panics when it happens. They can't afford to lose that they've invested. Probably because of the financial situations. If only people knew how to reinvest when a dip happens, people would have an easier time in the market.

That's true mostly but not always. You see XRP has always been a top 10 coin but even it had some problems with SEC last year and the price started to plummet pretty quickly. I guess yeah the market won't become dust suddenly as is the case with XRP, even doing nicely in the price charts recently but still doing a little bit of research and checking for any ongoing problems with the coin is worth the time spent on it.

For that specific reason, I believe despite the price so high, bitcoin is still the best investment for anyone who wants some solidity too. When BTC went from 10k to 50k, no other coin matched the growth.

The more you understand what kind of assets you are participating/investing, the more you can be patience.

It's hard to see that your investment is really being affected by the long dump but just the
same, if you do believe that there's always a good chance of bouncing back, you don't need to
sell and ride with people who currently experiencing panics, but instead, you will buy more if
you still have spare money.

It gives additional opportunities to hold more coins while patiently waiting for the market to bounce back and recover.

Hyped coins are less likely to survive when the market has a long dump but when we chose to buy for those established and top 10 coins in the market, they have all the chances to recover again. Prioritize bitcoin because its the most profitable digital currency in the crypto market.

I have been dealing this market's bull and bear season for such a long time and being patient and calm especially when there is really a long dump can be very helpful so you can create huge profits after long term holding. Of course having a good amount of funds so we can buy at the dip is also very necessary too so we can take advantage with the current dip.

The thing about top 10 is the fact that even when they go down in the ranks, they could still become a good profit. How? Well, they go up 50% while others go up 2x and in that situation they go down in the ranks because they didn't "go as high as others did" but still gave you a profit.

You may not know which ones will be 2x but you know that if the market is green then the current top 10 will be green too, just not as high as some others.

Doge for example is a bad one, it looks nearly guaranteed to go down eventually, but if the market is doing great, if bitcoin is 100k, if eth is 10k, if bnb is 1k+ then I am pretty sure even though doge won't go up as much, it will still be in green. That is the thing about top 10 ones, rarely they go down when the market goes up, they go down in rank but rarely ever in price, and that is why top 10 ones are liked and invested.

It's true that staying calm and patiently waiting for the price to return to high is something that must be done, but it is very difficult to do because emotions are difficult to control.
maybe if the market is in a downturn it would be better to choose to focus on other investments with new capital and allow existing coins to continue to be held until prices return high.

There's no assurance in the top 10 coins, many there aren't always worth that spot they're occuring and in due time they get dethroned by worthy projects or other hyped projects as well and the circle continues in that way.

For example, last year project like SOLANA wasn't in the top 10 but currently it's occupying that spot at 7 (as of press), this doesn't mean I'm pointing it out as a worthy top 10 occupant as it could be over hyped as well but just trying to give you a perfect example and If you look at the list from few years back, you'll notice other top 10 coins by market capitalization, no longer occupy that position.

Your first advice is supported but the second isn't, when the market falls take that opportunity and get some discounted Bitcoin. That's mainly because while other altcoins aren't certain of raising back with the market, Bitcoin had always proven time without number that it does bounce back stronger after a setback (correction) and you wouldn't want to miss that opportunity.

It depends on the specification of the price drop, Some price drop is just a minor correction while the other is the reversal of the trend so you should determine first what is the current drop being reflected. You are right that trader should relax because you need to think clearly to assess and analyze the situation. Most of the traders that always being trap on this downtrend situation is because they didn't look and analyze the graph before they enter. They are just looking on the current candle and use it as basis to enter the market since theres already a price drop not knowing that there still more in the coming days.

Keeping calm and having absolute patience are the two advantages of investing.
A decline in the market will also be an opportunity. But be aware of the long-term overall coin market trends, and don't make emotional investments.
The top coins cannot be bought intuitively. Don't buy hype coins when the market is generally down.

When a market dropped the best option is to relax for the main time of it's decrement, because their is every tendency that the market can drop more than before or get ride of increment after some hours, you have to wait and observe the market movement for sometimes, because purchasing new coins as op said at least the most ten top coins is not the best option due to, market that drop can continuously going down and at moment while you are still in lines of lost, any investor have to be conscious of time.

I don't think in this market two things that are fundamentally profitable for you. it is still very important that you keep abreast of good news, which moves will cause the price to rise and it is impossible to guarantee that you invest in the top 10 coins that will make you profitable and price will increase.