Topic: What do you do when price falls? - page 5. (Read 19034 times)
I prefer to wait for the settled dust before deciding which side of bull,bear is stronger. Pure price action without indicators can help to determine the trend for both short and long term trading. Buying more while price continues declining can be useful in order to accumulate more profit and quantity also increases with less risk.
Actually I do nothing besides calculation about how much money I would have if I would sell bitcoin per 20000 $ 
I do not sell when the price is high, and for the decline I prefer to hold and be patient waiting for recovery. I don't know how much the market lamq will recover, maybe I will try to keep holding it.
I do simply holding when i come to know that the market is going to down or market fall starts i just simply watch the market and when ever if there is a chance of buying more then i do buy more bitcoin and some potential altcoins but i have never done any decision is quick time i first make a mind set for the new change and outcomes and then i go for that.
Exactly that, buying when price is going down and watching closely that to be on bottom. Touching the bottom is buying periodically, buy some and watch what will happen, if price stops and change direction you will have some profit, if price continue to surge down again waiting for a good chance to buy when price stops is what we should do. It's trading, you need to have some kind of support if you wish to be profitable in the long run.
or if the price stops going down I will try to buy more, essentially analyze the chart first and don't panic
Its like being in a war where if you feel like loosing, retreat for a second, take a rest then resume to war. Its okay to fall back sometimes that die without fighting. As the market decreases, I let my coins rest for a while and wait for green. Selling wont give me profits but holding gave me hope.
What a wise man, it is such a good idea cause we don't need to show that we are strong and can fight. We are in crypto space and we face the risk everyday, selling is not a smart thinking but of losing the opportunity to gain more. But somehow, we could also sacrifice our coins specially when we saw there is no market improvement, might be a good way of selling it and invest into the other.
Its like being in a war where if you feel like loosing, retreat for a second, take a rest then resume to war. Its okay to fall back sometimes that die without fighting. As the market decreases, I let my coins rest for a while and wait for green. Selling wont give me profits but holding gave me hope.
That hope makes me more confident about the market and even if the price is falling, I’m just doing the same thing which is to buy and hold. If you see the price of a great coin is falling, you can wait for the bottom and grab the opportunity to accumulate and hold more good coins. 
Some of the people will start to sell their cryptocurrencies whenever they are seeing price fall and some people will continue to hold until what prices there afford to lose but in my opinion both these actions are wrong if someone trusting the bitcoin then they need to invest and long time don't just change your mind time to time based on the market condition.
Some time ago, I finally realized that I had better refuse from investing in Bitcoin for a while. Now I have chosen a couple of projects for myself, and I invest in them. One of them is the Etheera project, a Swiss project related to real estate, which in my opinion now has the greatest potential among projects in this area.
Its like being in a war where if you feel like loosing, retreat for a second, take a rest then resume to war. Its okay to fall back sometimes that die without fighting. As the market decreases, I let my coins rest for a while and wait for green. Selling wont give me profits but holding gave me hope.
I do simply holding when i come to know that the market is going to down or market fall starts i just simply watch the market and when ever if there is a chance of buying more then i do buy more bitcoin and some potential altcoins but i have never done any decision is quick time i first make a mind set for the new change and outcomes and then i go for that.
Exactly that, buying when price is going down and watching closely that to be on bottom. Touching the bottom is buying periodically, buy some and watch what will happen, if price stops and change direction you will have some profit, if price continue to surge down again waiting for a good chance to buy when price stops is what we should do. It's trading, you need to have some kind of support if you wish to be profitable in the long run.
As you see, bitcoin's price felt from 6500 to 3700. From the very first day, there was panic and fall was very intense. In situations like this one, how do you act? Do you sell bitcoins, wait a little for more fall and then buy more with same cash? Or so you fully support bitcoin and hold it?
I ask this because want to know what community here does in such situations, do you do good for bitcoin or worsen situation?
I will calm down and also wait for the situation to improve. I ask this because want to know what community here does in such situations, do you do good for bitcoin or worsen situation?
The most important thing is that we must be able to avoid panic, because panic will only make us feel uncomfortable.
Trading requires calm, without calm, then we will suffer losses.
Ok so there are two important things here for me.
First one is that the OP reminds you that the sudden crash is finished. As it said it went from 6500 to 3700 and now it stopped moving. We're at 3580 right now and it has nearly no variation. So current price is rather stable at the moment at least.
Second one is: where are we in the BTC cycle? Well we're a year and a half from the next halving... And price is stable? Doesn't it look like all the previous cycles? With a tremendeous rise waiting for us?
Halving means less inflation, less inflation means more stable price. So... Just wait. Next halving can't come without a huge rise.
It's accumulation phase baby
First one is that the OP reminds you that the sudden crash is finished. As it said it went from 6500 to 3700 and now it stopped moving. We're at 3580 right now and it has nearly no variation. So current price is rather stable at the moment at least.
Second one is: where are we in the BTC cycle? Well we're a year and a half from the next halving... And price is stable? Doesn't it look like all the previous cycles? With a tremendeous rise waiting for us?
Halving means less inflation, less inflation means more stable price. So... Just wait. Next halving can't come without a huge rise.
It's accumulation phase baby
when the price falls I can only expect prices to recover and try to find out the cause of falling prices, I am very difficult to determine the lowest price, so I don't buy when the price falls.
Its what most of us expect when prices are going down, to recover one day. Main thing is to not panic in this times, and if you have some money to buy more. Diversifying is a good thing, I do that with my investments, but when prices are going down I don`t sell for any other coin, run away in this times are stable coins. Stable coins are safe haven in times of falls and like that I keep my money and I buy again when price goes down more.
when the price falls I can only expect prices to recover and try to find out the cause of falling prices, I am very difficult to determine the lowest price, so I don't buy when the price falls.
When the price falls, just simply accumulate as much as you can and wait for the bounce back of the market then sell. That is what traders do if they see an opportunity they grab it. They don't just buy something that is out from the trash they buy something that has a worth while holding it for a couple of months or years.
But for that you need to be confident in your abilities as a trader and for that you need to have accumulated profits over the years which allow you to take those kind of risky decisions but such a tactic is something many cannot do because they lack the confidence, skill and patience to pull off something like that and they need to find some other strategy that gives them those profits.
When the price falls, just simply accumulate as much as you can and wait for the bounce back of the market then sell. That is what traders do if they see an opportunity they grab it. They don't just buy something that is out from the trash they buy something that has a worth while holding it for a couple of months or years.
I would like to say that I do something really smart that makes make money under those circumstances but that is not the truth, I am not the best trader and I am not going to risk my small amount of bitcoin in something that I am not sure if it is going to benefit me or not so despite the crashes I prefer to hold my bitcoin since I know the price sooner or late will recover.
When there is continuous loss in price I'll try to sell and buy it back at a lower price. Here the risk is high, because the nature of cryptocurrency is unexpected growth. When we have sold to buy at lower price the price pumps. When this happens automatically the user will face a loss. This will not affect the large volume holders, but for small scale holders it is a loss. So, always the best choice is to hold without moving over here and there.
Selling when price falls is of no use. The only profitable thing to do when price falls is to buy more if there is capital. In case there is short of funds, just hodl. Trading during the period is okay but must be done wisely.
Stop loss is definitely the wisest thing anyone can do. Plus, having a buy order ready afterwards could be really beneficial as well. Lets say having a stop loss of $3900 while having a buy order at 4300 would be ideal. The price has been going down to 3600 and less for a while and it keeps going up to $4200 all the time, this means if it drops to $3900 right now than the price could drop as much as $3600 which you can sell at $3900 and rebuy at $3600 later.
Plus if it goes above $4200 to $4300 that means we might be on a bull trend and price could go who knows where and that is why its above the trend. If you set your buy and sell orders at levels that you think are according to the trend of what happened in the past 2 months than it is less risky. Of course, there are still chances you fail and lose but at least this makes it less riskier.
Plus if it goes above $4200 to $4300 that means we might be on a bull trend and price could go who knows where and that is why its above the trend. If you set your buy and sell orders at levels that you think are according to the trend of what happened in the past 2 months than it is less risky. Of course, there are still chances you fail and lose but at least this makes it less riskier.
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