Topic: What to do if the prices down again? - page 23. (Read 2064 times)
In my opinion i think this option is the best strategy for it. 1) hold our assets and wait until the market got fully recover to start trading and in addition for a newbie you should read some news about the bitcoin price everyday and don't rely on others predictions and learn some technical analysis , To prevent selling while your profit is dumping
Wow great information. When price dumping, I stop buying altcoin rather I holding them for getting more profits in future. I already holding 50 Xlr (solaris) token.
Holding will be the best option to do, nothing else than to hold it or to buy more, you'll only lose when you sell it at low price so better wait, since we all knew that time will come that it'll increase.
there are many ways for us to handle this situation, the first choice is to cut lost, that should only be done when we already lost too many profit or when you already have enough profit as soon as you reached your target, the second choice is easier, you dont have to do anything, just keep holding your coins and wait until the coin start rising but that only happen if there is a pump in the future.
There are some rumours that the prices would get down again for one or two times before they reincrease to the level around before the latest year end and even higher. Can anyone here enlighten me and newbies like me, which is better to do if that really happens:
1) hold our assets and wait until the market got fully recover to start trading.
2) increase our capital to reduce the average price.
3) sell our assets with the assumptions to got deficit prives, and then rebuy again at this price.
4) others.
Any suggestion?
1) hold our assets and wait until the market got fully recover to start trading.
2) increase our capital to reduce the average price.
3) sell our assets with the assumptions to got deficit prives, and then rebuy again at this price.
4) others.
Any suggestion?
Another FUD news that can result for a dump price. We know already what to do during this time of dumping but still your emotion take over your set goal and makes you broke. For me if the price are dump again, ask yourself about your goal and don't just depend on any suggestion about what to do because at the end your decision will be the one to help you to survive.
Wow great information. When price dumping, I stop buying altcoin rather I holding them for getting more profits in future. I already holding 50 Xlr (solaris) token.
There are some rumours that the prices would get down again for one or two times before they reincrease to the level around before the latest year end and even higher. Can anyone here enlighten me and newbies like me, which is better to do if that really happens:
1) hold our assets and wait until the market got fully recover to start trading.
2) increase our capital to reduce the average price.
3) sell our assets with the assumptions to got deficit prives, and then rebuy again at this price.
4) others.
Any suggestion?
I am highlighting the 3rd one as this one is the best option if you have missed to offload your position when it was big. This is the best option for me is you are anticipating that the already down price will still go down based on your observation. Offloading at a loss is still a good way in order for you to increase your position at a lower price, it is like the concept of "Buy High, Sell Higher" which signifies the technique on "BOBO" Buy On Breakout where you didn't have the time to buy something at a cheaper price but with a high price and a high volume you still have a chance to gain profit on the way up. 1) hold our assets and wait until the market got fully recover to start trading.
2) increase our capital to reduce the average price.
3) sell our assets with the assumptions to got deficit prives, and then rebuy again at this price.
4) others.
Any suggestion?
1) hold our assets and wait until the market got fully recover to start trading.
If you don't want funds urgently then it is the best option to hold and wait for the recovery. I usually never sell at losses.
2) increase our capital to reduce the average price.
This is not possible for everyone because these needs additional funds and need to take the additional risk because sometimes prices may gain fall. So if you want to use this method then don't buy all at once instead of small amounts and wait for some time for next shopping.
4) others.
If you know that prices may fall and if you're already in profit then can sell some portion of your profit and keep that money to buy at a cheaper price later on when prices go down.
If you know how to trade or have a bit of experience in trading you know you need to make a TA to know what will happen but usally i only TA pumps because that is more important but sometimes i ta dumps.
Second one is a good way of trying to time the market, usually ending (at least with me) is that the price goes up an insane amount and then you'll lose out on all of the profits which you could make. In Crypto, like most investing, can't be timed. You shouldn't try to buy and sell daily, if you think the market is good for the longterm buy now and then see where the markets at in a few months
Don't go ahead and check the price all the time, or the crypto news, or one of those things. Just wait and let the market do its course.
Don't go ahead and check the price all the time, or the crypto news, or one of those things. Just wait and let the market do its course.
There are some rumours that the prices would get down again for one or two times before they reincrease to the level around before the latest year end and even higher.
more like bullshit guesses by random people filling the social media.the fact is you can not predict the market at this point. and i seriously doubt that most altcoins can go back to their ATH any time soon. it may take them months or ever 1.5 years to get a big enough pump to go there.
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Can anyone here enlighten me and newbies like me, which is better to do if that really happens:
it depends on what you are bagholding. we all know bitcoin will reverse upwards and start a new rally and reach some new ridiculously high price at some point. what we don't know is that how much it will take before we get to start of that rally.
other altcoins are a lot of different ones. many of them will die by the year's end. many won't see another pump and will be on this downward spiral to their doom. some will rise, some will get pumped and so on. you have to analyze each and see if they can have the potential of rising and ask yourself if their rise is going to be bigger?
True. We have to make extensive research before we can predict the direction of bitcoin prices or prices for the altcoin too. I agree that predictions are really hard when it comes to the crypto currencies as they wander freely in the market and depends on the public investment funds. They could be higher at time and could lower at different times. So its better to keep an eye on the market and then make live chnages to our trading patterns. Otherwise there is no way we can survive the whole thing.
All your points are ok and you can follow them. However the sell time has already passed away and we are already down the line. Selling at this point would be like selling st the bottom rate only and thus it won’t do any good to you. Prices may start recovering from this point onward.
Second most important thing, if you have bought your current coins at higher rates than this then there’s is no point in selling them and rebuying at even lower rates, as you will be already in loss.
The ups and downs will always be there, so if you are life long holder then there is no point selling and buying. Just hold wait for it to rise 2-3 times more.
Second most important thing, if you have bought your current coins at higher rates than this then there’s is no point in selling them and rebuying at even lower rates, as you will be already in loss.
The ups and downs will always be there, so if you are life long holder then there is no point selling and buying. Just hold wait for it to rise 2-3 times more.
There are some rumours that the prices would get down again for one or two times before they reincrease to the level around before the latest year end and even higher.
more like bullshit guesses by random people filling the social media.the fact is you can not predict the market at this point. and i seriously doubt that most altcoins can go back to their ATH any time soon. it may take them months or ever 1.5 years to get a big enough pump to go there.
Quote
Can anyone here enlighten me and newbies like me, which is better to do if that really happens:
it depends on what you are bagholding. we all know bitcoin will reverse upwards and start a new rally and reach some new ridiculously high price at some point. what we don't know is that how much it will take before we get to start of that rally.
other altcoins are a lot of different ones. many of them will die by the year's end. many won't see another pump and will be on this downward spiral to their doom. some will rise, some will get pumped and so on. you have to analyze each and see if they can have the potential of rising and ask yourself if their rise is going to be bigger?
There are some rumours that the prices would get down again for one or two times before they reincrease to the level around before the latest year end and even higher. Can anyone here enlighten me and newbies like me, which is better to do if that really happens:
1) hold our assets and wait until the market got fully recover to start trading.
2) increase our capital to reduce the average price.
3) sell our assets with the assumptions to got deficit prives, and then rebuy again at this price.
4) others.
Any suggestion?
1) hold our assets and wait until the market got fully recover to start trading.
2) increase our capital to reduce the average price.
3) sell our assets with the assumptions to got deficit prives, and then rebuy again at this price.
4) others.
Any suggestion?
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