Topic: What to do when price is dump?? (Read 2833 times)
Have learnt to always set a stop loss for every trading coin that am holding and at such avoid inevitable loss. I see most people saying hodl and not panic sell but that should only be applicable when you hold the likes of BTC, ETH, Xlm and other good coins. I will also advise to convert to USDT also
Holding until it recovers is the second best thing you could do when the price drops, the best thing you could do is buy even more so that your average would drop down. I have always said that the best way to get into trading is when it is low and when you see the price going down you know that it is the best possible time to buy into it.
Unfortunately there are too many people who see it going down so they sell it before they "lose even more when it drops" but that is definitely wrong, the price is definitely not going to go down even more and make you lose even more if you just wait a bit. Definitely it could drop further in the short term but all drops have a recovery and we should focus on that recovery in the future to be patient about the drop that is happening at that moment.
I hope everyone listens to people here who says holding because that is the only way to make a profit.
Unfortunately there are too many people who see it going down so they sell it before they "lose even more when it drops" but that is definitely wrong, the price is definitely not going to go down even more and make you lose even more if you just wait a bit. Definitely it could drop further in the short term but all drops have a recovery and we should focus on that recovery in the future to be patient about the drop that is happening at that moment.
I hope everyone listens to people here who says holding because that is the only way to make a profit.
It's recommend that you secure your funds. For instance, You can try selling the your shares until the market becomes stable again. Or most people do is they turn this situation around. Even when the market is at it's "dumping" time you can still earn a profit, You can sell the coins for low and buy again for high.
During tough times when seeing your coins in a dump stage we could hold it. Since the market is volatile we cannot predict when it will be at a higher price. Actually numerous advice on what to do when the price is a dump, it is still on your own conclusions will follow. Just balance the situations on what's best on the coin we have.
when market conditions are uncertain when a dump price occurs in crypto, maybe most people prefer to secure their assets by holding them rather than having to throw them away. but many also shift their investment assets to stable types of coins such as Usdt, because they doubt that the increase in crypto or the coins they hold will take a long time to increase in value again.
my opinion if the price goes up then the right time to sell if you have bought before when the price is low, and vice versa if the price goes down you should buy not sell, so mentally be ready in this condition and not panic, so you will still think clearly .
but in reality people can lose control when the market goes up / down drastically.
The problem with the cryptocurrency market is that we never know how low a coin can fall and how high it can rise. very often we see a coin begin to fall - we buy and then it falls several more times.but in reality people can lose control when the market goes up / down drastically.
The most basic thing to do when the price is in a downfall or 'dump' is HODL!!!! HODLing alternate coins are the only thing we can do or we can actually sell them. We must make our own critical decisions since it is involving our own money. It is true that it will be saddening if we do not act on time and we will suffer from loss but we must stay positive because we can create more of them by our hard work.
my opinion if the price goes up then the right time to sell if you have bought before when the price is low, and vice versa if the price goes down you should buy not sell, so mentally be ready in this condition and not panic, so you will still think clearly .
but in reality people can lose control when the market goes up / down drastically.
but in reality people can lose control when the market goes up / down drastically.
During tough times when seeing your coins in a dump stage we could hold it. Since the market is volatile we cannot predict when it will be at a higher price. Actually numerous advice on what to do when the price is a dump, it is still on your own conclusions will follow. Just balance the situations on what's best on the coin we have.
I agree with you. All markets are volatile, but the crypto market is especially volatile. Therefore holding your coins during dumps might be the best solution for you. I think that in the long term the crypto market will become more and more stable. At least the established coins.
During tough times when seeing your coins in a dump stage we could hold it. Since the market is volatile we cannot predict when it will be at a higher price. Actually numerous advice on what to do when the price is a dump, it is still on your own conclusions will follow. Just balance the situations on what's best on the coin we have.
Yes, this is a good move because of the erratic market conditions. Sometimes we see Bitcoin freefall and all the coin price is also falling. But the current condition when we are stuck in decline. It is better to hold your coins and sell when the price rises to return to your capital. Then we wait for the price to the lowest point and buy it. However, if you doubt it is better to invest in stable coins like USDC and USDT.
unfortunately waiting for a moment in such circumstances we will never know when it happened. You can imagine what if someone held an asset when the market reached ATH and held it until now hoping that ATH will be achieved again. how long and how much longer do you have to hold it?
Yes, this is a good move because of the erratic market conditions. Sometimes we see Bitcoin freefall and all the coin price is also falling. But the current condition when we are stuck in decline. It is better to hold your coins and sell when the price rises to return to your capital. Then we wait for the price to the lowest point and buy it. However, if you doubt it is better to invest in stable coins like USDC and USDT.
You need to always set stop loss to limit the losses when spilled. But if you've forgotten the stop loss and the price falls too deep, you need to be alert and stay calm. Don't panic because it will make you make bad decisions and you will regret it a lot
There are some people who are doing this, but most of the time, when the price is going down, holders prefer to hold it until it recovers. We all know that the market is unpredictable that's why they prefer this than exchanging it to stablecoin or to fiat. But yes, it is a smart move for me and it is better, it is just we have to predict the possible price before taking this action.
it can be a very good strategy in investing cryptocurrency but it must be analyzed accurately so that we don't buy coins when prices are at their peak because many people are mistaken when prices are rising instead they think prices are dumping.
hold when the dump price is the right choice and wait until the market recovers. it's not like some people who sell panic when the market goes down,
buying more when the market goes down can also be an option to get more profit
maybe its good sugesstion , i am be one of many people who didnt patience when facing dump price. hold token or coin will be very worthed if our portofolio were good project. but different condition happen if we hold shit token or coin , we will lost our money alot.buying more when the market goes down can also be an option to get more profit
hold when the dump price is the right choice and wait until the market recovers. it's not like some people who sell panic when the market goes down,
buying more when the market goes down can also be an option to get more profit
maybe its good sugesstion , i am be one of many people who didnt patience when facing dump price. hold token or coin will be very worthed if our portofolio were good project. but different condition happen if we hold shit token or coin , we will lost our money alot. buying more when the market goes down can also be an option to get more profit
hold when the dump price is the right choice and wait until the market recovers. it's not like some people who sell panic when the market goes down,
buying more when the market goes down can also be an option to get more profit
buying more when the market goes down can also be an option to get more profit
In my opinion, if the price is dump I guess it would be best to stand by and wait for the right time to pump. If you are holding a coin which is new but surely shows a potential, I guess it is just that the market is in low pricing so it would be best to hold it till it recovers but if you are holding such a no name coin or token and the price is dropping, it would be best to trade it to a stable coins.
You have two options only, get out to the market or hold your coins. If you are really confident with the coins you bought, you may hold it since anytime it may spike again. But if you smell something bad just like listing in low volume exchange or delays in releasing the MVP and mainnet, sell them. That is what I did most of the time. I analyze if the coin has future or not.
What I do is I always buy my coins in two parts so that if the price dips I can scoop up more at a lower price but I always keep a stop-loss @7-10% lower than my average entry price. But I only keep my SL on short term trades.
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