Topic: What to do if the prices down again? - page 3. (Read 2064 times)
One of the attitude that you should have in this business is the PATIENCE. It is very normal that prices will go down especially in the crypto marjet because it is very volatile. The prices fluctuate every minute. If you see the prices are going down, don't mind it. Just hold your coins and have patience. You will not incur losses until you sell your coins.
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no need to worry if the price is down and actually, this is our opportunity to buy more bitcoin at a low price because this chance will not appear in the future. so we have 3 option with us which is we can do buy more bitcoin with money in our balance, we can just hold without doing anything, or we can sell it directly to prevent from getting a big loss because the price can down in every minute. but if we can stay calm, I think we can choose to hold and buy bitcoin again.
It’s very possible that you can sell off once you notice that the market is going down and wait till it goes very low price, then you can invest back the money and wait for the price to go up and you will make double profit than you were supposed to make before. For example :let’s say that you bought at the price rate of $6500 and the price went up to $10,000 and then happen to start falling, you can sell off like around the rate of $8000 and wait for it to get below the rate of $5000 which is the original rate you bought at. Once it gets below that you can invest by calculating it at the rate of $5000 above whatever it is and removing the profit of $3000 you made at first, then wait for it to go up and make profit.
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?
My suggestion for you is to set a cutloss point. If you know how to read charts, it will be easier to identify support and resistances. Sell if price breaks down the resistance area because most probably price will dive further. You can always rebuy that if you see signs of price recovery. The problem with holding your position even if it's going down is you don't know and no one knows the bottom price. You better lose small than lose big. You know in trading you can lose small, win small, win big, but never ever lose big. 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?
When I see a down sign of the market, I will sell what I have and I will buy it at a lower price. That's what I'm going to do, and I think there are many who have the same thoughts as me.
Yes, I used to think that you would accept a loss to sell them and I hope to buy them at a lower price, but sometimes I sell bitcoins when they come down and hope to buy them at a lower price. But when I sold the bitcoin instead of going down as I thought they would go up. I need to learn a lot to become a good trader.
If the price goes down again, never lose hope and never think that you will have a loss. Instead be brave and be patience on holding your investment and there is a time that you will a luck on it. Just wait for it.
If prices drop again, sell them as they begin to fall back, but that's just the way to profit when you no longer trust the Crypto market. The best decision is that we should continue to hold them. But do not be too greedy in Crypto.
When I see a down sign of the market, I will sell what I have and I will buy it at a lower price. That's what I'm going to do, and I think there are many who have the same thoughts as me.
When the price go down again ,simply you HODL your coins and wait for the target value you want and take this an opportunity to buy some coins for additional profit.
Just wait and see on the market, when the price is going down don't be panic.
If price is have a potential to recover is it good time buy more.
If price is have a potential to recover is it good time buy more.
When prices going down you just need not to panic and understand how money do you need to live and how many tokens you can leave on wallet. Price will recover anyway so better to leave almost everything.
It is not always so. For example, in 2014 Primecoin was worth 0.01 BTC, and now it's 0.0002 BTC. HODL is not always a profitable strategy, you have to be careful with this.
Cyclic markets and no leverage helps a lot. The way that we invest in cryptos permits to hold any coin for ever. This means that you don't have to panic when the markets are falling... because of its cyclic nature will make them come back til their past values. This is not a rule but it's just a matter of looking in the charts and see the high frequency that this kind of behaviour happens. If you are a intraday trader, holding for ever is not an option, so you will have to stop at loss.
I act on the first point -"1) hold our assets and wait until the market got fully recover to start trading.". I believe that the price will necessarily recover and grow.
When prices going down you just need not to panic and understand how money do you need to live and how many tokens you can leave on wallet. Price will recover anyway so better to leave almost everything.
I call this the excellence of bitcoins. We have seen such a large number of wellsprings of salary yet this one is extremely pulverizing. This enables the client to take benefit from each conceivable circumstance. In the event that the costs are down, don't simply be concerned, endeavor to purchase more bitcoins as the costs can be hop to higher elevation whenever. What's more, when costs are higher, best time to offer and get most extreme benefit out of your venture.
If price fall down again, Then I will repeat my previous work. If necessary, I will invest more money on it and wait for the market to be as high as possible. Because, at times, Bitcoin's market has increased at an incredible rate.
I hold my bitcoin until the price goes uprise again into the market, i advice for the newbies always calm and do not panic if the price is down.
If the price was drop up to 50% or more that will be any chance the price will going up again, so wait patient is best thing to do to recover loss, and enjoy daily life with others activities with family , forgot at the moment about crypto and back again later. Just use mistake that we did as experienced and make better strategy again.
If you are a day trader or a swing trader you need to always put your orders with stop loss , It is always possible for the price to go down and you need to make a shield against fluctuations .
I think of it a chance to buy at low price too a beginning to a beginner's. Bitcoin price is always in a circle somtimes pump and sometimes dump. That why they say to buy at low price then hold and sell at high price right. Its the best thing to do if the price down.
And I call this the beauty of bitcoins. We have seen so many sources of income but this one is really devastating. This allows the user to take profit from every possible situation. If the prices are down, don’t just be worried, try to buy more bitcoins as the prices can be jump to higher altitude anytime. And when prices are higher, best time to sell and get maximum profit out of your investment. Jump to: