Topic: What to do when price is dump?? - page 12. (Read 2833 times)
Set stop loss so you will not losing money when the price is dump, just convert into stable coin like tether or dai. If the prices of cryptos reaching at the bottom, I guess that is the best time to buy back.
I bought some of my Bitcoin at $7k plus, does it make sense if I sell it today? Of course, not really a good idea and it is absolutely a dumb loss for me.
For a situation like this, you have nothing to but to wait. Not really a hard thing to do when you still believe the capability of the market and our brain isn't eaten by FUDs and FOMO. Panic sellers will obviously be in the loss of their good minds and their actions might save their own but couldn't make to save the falling market. It is just good if they sell their coins with a profit but if not, it was sorry.
For a situation like this, you have nothing to but to wait. Not really a hard thing to do when you still believe the capability of the market and our brain isn't eaten by FUDs and FOMO. Panic sellers will obviously be in the loss of their good minds and their actions might save their own but couldn't make to save the falling market. It is just good if they sell their coins with a profit but if not, it was sorry.
I lost the moment to sell all the assets I have and for now I only hold the assets I have until the market grows and buy a few coins with my other money.
it's never too late or lose the moment to sell an asset when it's good, because now is also a good moment to buy and hold at the same time as it has. waiting and waiting again for the market to start moving up, at the same time doing what feels that the right time to do the execution. be patient that movement to rise again will occur and must be optimistic.If we think positively or not influence on FUD news then I think this is indeed our time to buy more coins because we know this problem will be resolved in an uncertain time so I don't think there is a need to sell assets but it is better to buy when prices are low and do not be influenced by anyone, remember this year we will be halving so the possibility of a slight or large increase will occur.
I lost the moment to sell all the assets I have and for now I only hold the assets I have until the market grows and buy a few coins with my other money.
it's never too late or lose the moment to sell an asset when it's good, because now is also a good moment to buy and hold at the same time as it has. waiting and waiting again for the market to start moving up, at the same time doing what feels that the right time to do the execution. be patient that movement to rise again will occur and must be optimistic.What do you think? Is it a smart move at this time?
if you've already bought one of the crypto assets moving crypto assets to a stable coin, for now, is not a wise choice, because you are losing too. IMO the wisest step you should take in a "red" market like now is HODL. Sell or HODL, all choices go back to you.You have a good suggestion, however, the best, most especially since the market is swinging, is to trade. Bitcoin particularly is not stable. Although, holding might keep those who cannot trade or are afraid to trade on a safer side, how long do we want to continue to do that?
If you can trade very well, you will keep adding more profits, even if the market keeps dumping. So, traders are making their money at this time. They make it more when the market is in panic.
I lost the moment to sell all the assets I have and for now I only hold the assets I have until the market grows and buy a few coins with my other money.
It depends on which angle you are coming from,if it dumps and you are not able to convert to stable coin in time,I think the best you can do is to hold till the market recovers,if you are a trader,it is always good to put stop loss,atleast that will help you cut some of the losses that would have been retained.
Hold your capital in cash [fiat] when market crash is the most logical choice but I will not hold it in stable coin.
And I take a break from trading, I will use the available time to refresh myself and review my trading performance for the past year.
To look for things that I can improve in the future
But of course
everyone has their own strategy, the choice is yours...
And I take a break from trading, I will use the available time to refresh myself and review my trading performance for the past year.
To look for things that I can improve in the future
But of course
everyone has their own strategy, the choice is yours...At times like this I think it's better to secure your assets or convert to a more stable USDT compared to holding it in crypto form because it's still hard to guess, just look at the market decline so badly that even to buy we have to do more research for fear of decline deeper
With the recent drastic downturn from the market, one would never thought of seeing what had happened to the cryptocurrency market as that which will stay long as we have seen. Conversion from Bitcoin to USDT to me is worthless when situations like this happened to the general market, remember that, your conversion will like some sort of fees to convert and when coming back to Bitcoin, you're still expected to be charge some fees again. This fees is what scared me out for been involve in coins conversions. For me, I prefer keeping the stash as long as its a Bitcoin or good and prospective coin.
Hold! Hold!! Hold!!! Is the answer I normally give to friends and families whenever there's a price dump from the market. This has been my slogan almost all the times, this happened to me during the 2018 season and I hold till when the market regained it average position before I sold off. Those who panic sell are those who contributed to the downfall of the recent happening in the world of cryptocurrency and not majorly the pandemic ravaging the global world. Not saying that, they haven't contributed to the downfall but panic sale created more deep than the pandemic.
The best thing is to remain in a stable coin. Or rather if you are caught in the dip, its either you cut your losses or you leave it and be patient. The issue is that people don't usually have the patience to hold at loss as it usually takes time to. recover very it back except for daily trading during stable market
What do you think? Is it a smart move at this time?
if you've already bought one of the crypto assets moving crypto assets to a stable coin, for now, is not a wise choice, because you are losing too. IMO the wisest step you should take in a "red" market like now is HODL. Sell or HODL, all choices go back to you.
What do you think? Is it a smart move at this time?
if you've already bought one of the crypto assets moving crypto assets to a stable coin, for now, is not a wise choice, because you are losing too. IMO the wisest step you should take in a "red" market like now is HODL. Sell or HODL, all choices go back to you. 
I think many are waiting to buy at prices that according to their analysis are worth buying, on the other hand there are many investors who still hold their assets, without any sense of panic. on the other hand there are also many investors who sell because of panic. I think for those who will buy and still hold their assets, they will certainly benefit later
I hold my assets and I will continue to do it even if Bitcoin drops to $ 1,000. Of course, I can’t say that I am very calm and not worried about what is happening, but I believe that all these times will pass. 
I think many are waiting to buy at prices that according to their analysis are worth buying, on the other hand there are many investors who still hold their assets, without any sense of panic. on the other hand there are also many investors who sell because of panic. I think for those who will buy and still hold their assets, they will certainly benefit later
Holding at the moment is the safest way not to lose your capital but it would be more beneficial and profitable in the future if you will start buying now while the price is in dump. We can see good fortune for just a couple of months if we become more patient at this moment while waiting for the crypto market price to skyrocket again.
I think many are waiting to buy at prices that according to their analysis are worth buying, on the other hand there are many investors who still hold their assets, without any sense of panic. on the other hand there are also many investors who sell because of panic. I think for those who will buy and still hold their assets, they will certainly benefit later
Holding at the moment is the safest way not to lose your capital but it would be more beneficial and profitable in the future if you will start buying now while the price is in dump. We can see good fortune for just a couple of months if we become more patient at this moment while waiting for the crypto market price to skyrocket again. 
If you did not have time to predict a price drop and did not react in time, then the best thing you can do is nothing.
After the fall, there is growth, perhaps not immediately, but you are very much at risk if you try to jump into the train that left. Have patience, everything is cyclical. Try not to miss the next wave.
indeed patience can provide a lot of advantages but you should know that conditions like this are difficult to do that because the price of cryptocurrency collapsed is very much in making many people who have assets in cryptocurrency panic, whereas for those who usually take advantage of the collapse of cryptocurrency prices also think because of this corona outbreak so terrible that they did not dare enter the place of exchange. After the fall, there is growth, perhaps not immediately, but you are very much at risk if you try to jump into the train that left. Have patience, everything is cyclical. Try not to miss the next wave.
I think many are waiting to buy at prices that according to their analysis are worth buying, on the other hand there are many investors who still hold their assets, without any sense of panic. on the other hand there are also many investors who sell because of panic. I think for those who will buy and still hold their assets, they will certainly benefit later
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?
But when you keep holding your coin expecting a bounce in the price and the price goes on decreasing furthermore, you would have no options left.
I bought bitcoins at 8.5K, didn't sold them when they reached over 10K and now they are down to 6K. What use would be to sell them for stable now.
I'd rather love to see them get a value of zero than selling them for a loss.
Last day, we've been turning back to $5.6k but it drops again today $4.6k. This dropping scheme that we have experience seems to stay for a while and holding could be the answer unless we are really in need, then we have no option but to sell( sacrifice).
What tobdo when price is dump?Well depends on the situations,if you are holding a coin and price is dump,then there is nothing to do but to wait for the pruce to pump.On the other hand,if peice is dump its also a great opportunity to bag some coins and wait it to pump to gain a profit.
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