Don't panic , this is the 1st thing you must do when a dump is catching you holding cryptocurrencies. If you don't panic and you hold long term you will be fine and if you have some cash to invest , do it as this prices will not be seeing again as soon as the global economy starts to recover.
Personally, I'm still waiting for Bitcoin to go under 5k$ and then I will start investing...but it's a risk I take without knowing where Bitcoin is heading too.
Topic: What to do when price is dump?? - page 10. (Read 2803 times)
I agree with your way. the thing we have to do now is to change the coins we have into fiat currencies. while continuing to look at market conditions and waiting for the right moment for us, whether to decide to buy or hold our fiat currency for a while.
yes if indeed you have prepared it before the decline occurred this is the right time to buy.
The point is you have to prepare capital for circumstances like this.
I only did a little preparation because I didn't have enough capital so I took advantage of the current ups and downs, short term.
When the price is discarded, it can be said that we must be prepared under any circumstances, for example there is spare money to accumulate at the lowest price. But sometimes the financial situation does not support in these circumstances we can only hope that the market situation will recover quickly so that our capital can return. The point is you have to prepare capital for circumstances like this.
I only did a little preparation because I didn't have enough capital so I took advantage of the current ups and downs, short term.
Whenever this kind of situation happens it creates so much panic and confusion for traders and holders that's why mostly people like to convert their crypto into stable coins because this is the only option which they find safe and suitable at the moment. I think It's a kind of strategy which can be helpful to grow the crypto portfolio.
In the time like this, many holders will not panic if they are confident with the downtrend. I know that they predict this already, they have sold their coins already and just waiting for the signal to buy. They create their specific plans what will they do and how they will make money in the situation like this. Dump event like this will surely make a right turn to the market, and hoping that everything will be back to it's proper place.
Whenever this kind of situation happens it creates so much panic and confusion for traders and holders that's why mostly people like to convert their crypto into stable coins because this is the only option which they find safe and suitable at the moment. I think It's a kind of strategy which can be helpful to grow the crypto portfolio.
In my opinion hold is good strategy, but if u know that project has real product and it`s very potential, like Binance coin, u can try buy some more tokens to middle your enter price and have more profit in future. Of course, it`s very risky like every investment
Yes, coins that already have real products are indeed good to be stocked up, moreover the exchange of these coins is already very popular as it is binary exchange, only coins like that are not many in crypto, so buyers can only have it in a few options or just a few types. 
Well we have different strategy you can hold your cryptos or convert stable coin. For me it's better to convert stable coin because we don't know if the market is dumping again because the corona virus still spreading in some countries and the rate of infected of the virus is increasing.
The basic solution in times as this for traders is to Hold their/your capital in fiat or stable coin then wait patiently, then you get into the trade after there has been few more rekts or tokens has reached the bottom.
What do you think? Is it a smart move at this time?
What do you think? Is it a smart move at this time?
That has been the idea for a long time and it's likely not to change. Maybe I can say a greater number of traders makes use of this idea while a few number which might not necessarily be traders holds their coins, in this case those going long term. Also, if looked at from another angle this idea is the smart move, as it will make the trader who is already in stablecoins or fiat to buy more of his desired coins at the appointed time. But for a trader or holder who is already in loss will find it hard selling thus holding thereof which also depends on the coin in question; that is, if it has a good chance of increasing in price later on or not.
In my opinion hold is good strategy, but if u know that project has real product and it`s very potential, like Binance coin, u can try buy some more tokens to middle your enter price and have more profit in future. Of course, it`s very risky like every investment
It depends on the analysis, if we analyze the dump that occurs only briefly then what is done is to sell the coin and buy it back at a cheap price. But if the analysis shows that it will be long enough or continuous, it's better to keep it in fiat.
it depends on the coin that you are holding it the coin has future plan and a strong foundation , when the price dump don't panic it may just because of like a disaster or a epidemic , that is happening that is why people are panicking, but if the coin you are holding is just new and no other people you can contact? you have to act fast, because lots of this things happen in the past where they just found out the price goes down to zero and never recover from there, i hope this helps
It depends on the type of coin, the price history etc. If you are hodling a token that has just been listed and you have done your research well and you think the future of the project backing up the token is blinking, it is better to sell. I once have the opportunity to sell a token worth $250 but refuse thinking it will recover but today it worth less than $10. In case you are holding top crypto like ETH, BTC, XRP, EOS etc. it is better to keep it safe and do not even convert them to USDT. It will recover with time
Many people think that the best option that they should do when bitcoin dumping happens is to sell it because of being afraid that bitcoin will be dead soon, that is how those people who don't believe to bitcoin will react, but for me that is not advisable to do, the best thing to do is to buy it instead of selling or you may also invest that is really a sure win situation.
The basic solution in times as this for traders is to Hold their/your capital in fiat or stable coin then wait patiently, then you get into the trade after there has been few more rekts or tokens has reached the bottom.
What do you think? Is it a smart move at this time?
If you are going to cut your loss then trading to stable coin is the best option while waiting for the market to recover again but if you believe in your holdings then it is not necessary, you can just hold your assets for a long term one and wait for the price to reach your target selling price. Volatile currencies are very unpredictable and many are cutting their losses if the market will start to crumble. What do you think? Is it a smart move at this time?
I've been doing this also but this case is very rare for me as most of the time, I usually hold my assets for a long term situation even if the market will start to goes down and even reached it bottom. I have the patience to hold my assets and I believe to them therefore I rarely secure my assets in converting them to stable currencies once the market will start to crumble.
This is great think for search a good project then waiting when they have cheap price then you can buy and hold. Minimum you need analysis about their roadmap with future development statistics. Because one powerful developing coin will give you more profitable.
I think it depends on your condition. If you already bought coins and dumps happen. Better strategies are not waiting for the price to fall lower. To sell your coins even if you lose money. The next step is to wait for the lowest price and you should be ready to re-buy the coins again. Because with the situation now the currency price can suddenly rise rapidly after the dump occurs. And this becomes our best opportunity to get profit.
It may be hard to do but I've experienced such a thing. Experiencing losses in cryptocurrency trading I think it makes sense. But we also often benefit from crypto-currency trading.
It may be hard to do but I've experienced such a thing. Experiencing losses in cryptocurrency trading I think it makes sense. But we also often benefit from crypto-currency trading.
yes if indeed you have prepared it before the decline occurred this is the right time to buy.
The point is you have to prepare capital for circumstances like this.
I only did a little preparation because I didn't have enough capital so I took advantage of the current ups and downs, short term.
I think if we are an old player and we are very familiar with the pattern that happened in the crypto. At least those must convert some of their money and use it as their reserved funds to anticipate the dump that can happen anytime. The fact that only some players from a lot of people who have been preparing their profit to do buy back again. It's easy to understand how the market works these days. The point is you have to prepare capital for circumstances like this.
I only did a little preparation because I didn't have enough capital so I took advantage of the current ups and downs, short term.
What do you think? Is it a smart move at this time?
It's not even smart lol, people literally doing that everyday. But, some people think they know everything and just go big balls with their instict to just blindly pick a decision that could lead them to loss. Hold until the dump event is over is actually a normal thing and I don't think it's an "awesome" move.
If you can't take it just change your coins to stable coin exchange or use changelly for faster swap, as for me I prefer to hold or keep holding my coins and tokens because I don't need cash this fast, I can even wait till next year
The basic solution in times as this for traders is to Hold their/your capital in fiat or stable coin then wait patiently, then you get into the trade after there has been few more rekts or tokens has reached the bottom.
What do you think? Is it a smart move at this time?
Yes for me that is correct. The best thing to do is to sell your crypto, convert it to stable coin for you to avoid big losses in this bear market.But you need to be cautious, dont be at ease, watch the movement of market from time to time so that you can buyback your crypto as soon as you see your go signal or your sign to buy again, dont be too late or else you will be left behind. What do you think? Is it a smart move at this time?
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