Topic: What to do when price is dump?? - page 15. (Read 2833 times)
There is no perfect advice for OP question, if I tell you to change to usdt once price start falling the price can start surging and you will be left out, crypto market is very misleading unless you are an expert in market predictions, even most times market proves some experts wrong
In such a major market crash there are only two things that comes in mind. You either hodl unto the assets you have or buy more of some good cryptocurrencies with a solid use case which you know according to your research is going to bring you some good returns in the future when the market rises again.
indeed for now holding back is the best way to reduce the number of losses that we experience. but if we hold our coins for too long, I'm afraid the market will be even more bear. we know crypto in its rising prices with the many transactions they do, so when we store too many transactions will be lost, the market will be more bear. my advice still do buying and selling even though you get a little profit. I bought ETH coins yesterday at the red line -0.7% and sold it when the price rose at the red line -0.2%. maybe it's a small profit I received, but I think it will help the market to bull.
The smart move of course will be to hold to the coins or tokens a trader already has in the portfolio, not to panic sell. Then for those in USDT, another smart move is to pick a coin of choice and buy into the dip because this is the best time for buys rather than when there's green. Many traders are yet to understand this.
As soon as the cryptocurrency begins to fall, you urgently need to convert all your cryptocurrencies to USDT and wait till that time when the cryptocurrency will start to grow again and convert USDT to cryptocurrencies again, you can also invest in cryptocurrencies again when the market falls, but here everyone decides whether to do it.
I think that is one of the right steps for traders, but if you have lost a lot of money it might be better to hold it until the market starts to improve again. It is unfortunate if someone buys btc when the price is still 8k and yesterday the dump price is up to 40% convert to fiat or stable coin. And if have spare money, it's better to be safe first until everything gets better.
Extra patience is just needed at this time around. You can hold what you have especially stable coins or invest more in good coins. I was blaming myself that why didn't I buy a few ETH or btc when they were $97 and $3000 and sell when they reach $290 and $10000 respectively recently. To me, I'm not panic at all, volatility is one of the strong attributes of crypto market. It's going to pick up again. I just see this time as an opportunity to invest more in stable coins. Everything is all about risk.
Rest. Accumulate more while resting.
You cannot do anything about it. You will just lose more when you force everything at your own will.
There are times when you just need to sit down and look at the market.
If you see there is no profit to make then calm down and think about the next move when the market have a good flow again.
More errors are being done by those who want profit even with the bad market.
You cannot do anything about it. You will just lose more when you force everything at your own will.
There are times when you just need to sit down and look at the market.
If you see there is no profit to make then calm down and think about the next move when the market have a good flow again.
More errors are being done by those who want profit even with the bad market.
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?
If your funds is on btc eth or any major coins, I suggest you wait for a little bit and hold it. There is no benefit you will have when you sell, cause no one will be happy selling at a loss. Most of the users got rekt due to selling and fear to lose value of their asset and thats where some whales earning a lot from us. While you are suffering Im sure they are now smiling for the very cheap btc or altcoins they purchase. They will drive it to peak again soon and you will be enticed again to buy when everything is increasing.
I would say not panic but we all know this and yet no one act like it. For now it would be wise just to watch the markets and see what is coming next as this small bounce back in price won't last longer in my opinion.
All you can do is have patience and don't get panic.
All you can do is have patience and don't get panic.
What to do when price is dump?Best thing to do is secure your assets.But personally by my own experience,thats left me with no choice but to hold it and wait patiently until price pump.
How to secure then? what kind of security you are telling the people? keeping to a hardware wallet or securing by not losing through converting into stable coins?I don't find it as a choice for me. Holding is the greatest option so far.
No need to put pressure on myself, I'm holding.
What to do is wait for a trend reversal to ensure the dump is over. If you hold coins before the dump do not panic sell hold for good sell point. If you haven't bought any token yet, by after the market dumps.
What to do when price is dump?Best thing to do is secure your assets.But personally by my own experience,thats left me with no choice but to hold it and wait patiently until price pump.
How to secure then? what kind of security you are telling the people? keeping to a hardware wallet or securing by not losing through converting into stable coins?I don't find it as a choice for me. Holding is the greatest option so far.
What to do when price is dump?Best thing to do is secure your assets.But personally by my own experience,thats left me with no choice but to hold it and wait patiently until price pump.
How to secure then? what kind of security you are telling the people? keeping to a hardware wallet or securing by not losing through converting into stable coins?I don't find it as a choice for me. Holding is the greatest option so far.
I am of the opinion that when the price dump in the market, it is a good time to invest in coins. Although to so many people, it may not be a good time particularly to traders but for investors, it is a great opportunity to invest. We should try and look away from the demerits that the dip in market price might have brought and look into the advantages that can be derived from it. So many coins with valuable rate which initially may not be affordable by investors could now be accessed at cheaper price. Coins that are being purchased cheaply at this period of dump can be held for as long as possible until the market price appreciates again.
If your only solution is to hodling in this situation, then you are doing it wrong. When the price dump, it is a buying opportunity for investors who have spare cash. Remember that cash is king (in finance). It means that you will miss investment opportunities if you don't have enough cash.
That said, when BTC ever touch 3-4K level, smart investors will be ready to buy from dumb investors.
That said, when BTC ever touch 3-4K level, smart investors will be ready to buy from dumb investors.
Basically you already know what to do when the price is dumping and the right thing to do is to just hold and have a long patience in order to survive on this current situation of the market this probably the first roller coaster of the investors that if first time are here in cryptocurrency but for us who are more than a years spending here in cryptocurrency already know that what to do in terms of this kind of situation and which it is just hold and have a patience in order to not suffer a huge loss from the future.
Definitely it's necessary to trade your assets into fiat at the times of this market situation where cryptocurrencies continues to drop prices. As for some investors, they also want this current market because they can buy some more of the coins for a low cost to use it for future investments.
At this time, it is advisable to either hold your fiat or convert to USDT... In some other cases, you can hold and wait for the pump season to come. This is not a period to invest in stock market or cryptocurrency market. Tho this whole time will pass, but who knows when? All we can do is wait and be patient for the good season to come back to the cryptocurrency space and stock exchange market.
At this time, it is advisable to either hold your fiat or convert to USDT... In some other cases, you can hold and wait for the pump season to come. This is not a period to invest in stock market or cryptocurrency market. Tho this whole time will pass, but who knows when? All we can do is wait and be patient for the good season to come back to the cryptocurrency space and stock exchange market.
Of course holding USDT will give you a sense of security at this time but it is certainly difficult for you to stay calm as a lot of coins are cheap. However, today the price of Bitcoin has dropped to $3800 and there is no guarantee the coin will recover in the next few months. I think you should currently use only 30% or half of your assets to invest and should wait patiently until the market recovers.
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