Topic: What to do when price is dump?? - page 16. (Read 2817 times)
apparently this situation still persisted, I also think that the significant increase that had occurred in February was a good start for a bull run, but instead returned to the dump. and this is the worst this year where bitcoin is under $ 8,000 and etherum is under $ 150. I don't think it's a good step for investment right now, and I always refer to the charts and this trend is the influence on the corona virus that makes people panic. maybe if you buy now, the increase will also be long because the presentation between buying and selling will definitely sell more.
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.
When did bitcoin go down to $ 3800? as I know bitcoin has only reached $ 5100 the base price and now has gone up a little $ 5600 with a 7% decrease I think it will be hard to grow back to see something like this, still far from the $ 10,000 figure in the near future.
It's better to be safe first than to invest in a few coins because it's decreasing I'm still vulnerable to going down even deeper.
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?
It's a good move while watching the movement of the bottom but don't convert your coins to fiat or you will miss the recovering or correction period it's much better to trade it on stable coin, because that is the main purpose of the those stable coins to so keep our funds in case something unusual happen in the market, but the market always recover it's been proven so many times.
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.
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?
To be honest, this present dip situation where all prices got low has taught me that, as an investor planning and waiting to buy the bottom of top crypto currency tokens, you need to have in store lots of tusd or usdt or stable coin to achieve that.
The rate at which to buy bitcoin from local fiat notes increased immensely during this dip, making it hard to buy btc or eth.
Who else noticed such occurrences?
Do you think, holding up stable coins as the proper way to prepare for an investment schedule??
The rate at which to buy bitcoin from local fiat notes increased immensely during this dip, making it hard to buy btc or eth.
Who else noticed such occurrences?
Do you think, holding up stable coins as the proper way to prepare for an investment schedule??
I saw your last post and this that i attached and i have to admit that, you have learned a great deal of knowledge and trade skills in just few hours.
Your top post made mention of hodling your fiats to trade, and then you witness a conversion surge in buying crypto tokens.Then you made a quick switch to stable coins.
To emphasize on your points, the safest way is stable coin, you can send it out of exchange, and send back seamlessly in the equal and right proportion.
As long as its your investment kits, then hodling USDT is the best for investors that love to buy low
Each and everyone have their own decision some might buy while the price is low.
Other's would panic and sell their coins and for sure there are some who would just ignore it and keep on holding what they have.
And I am one of those who would just ignore it and wait for it to recover since I don't have enough money to buy some right now even if I want to.
The good thing to do is to wait until its recovering and have patience because theres a time you can encounter a long time o wit before it rise again. Also take that oppotunity to buy some coins if you have extra money when the price is dump because it can give you more profit then sell it when the price is rising. For now since the coins are dumping we should do nothing and keep waiting.Other's would panic and sell their coins and for sure there are some who would just ignore it and keep on holding what they have.
And I am one of those who would just ignore it and wait for it to recover since I don't have enough money to buy some right now even if I want to.
It is better to secure assets to USDT, it is better to wait for the market correction again I think this dump will continue in the next few days so I better wait for a conducive situation, indeed if there is cold money then it is better to buy at a time like this and test your guts how to buy at a low price like this I think this needs to be done because the risk of loss will be small and the price is very low in my opinion.
Very nice suggestion here, and that is what I did today. I converted everything to USDT at around 7500$ because from the chart, the dump was imminent. I'll buy back when I think it's right, for now I'm still in USDT. I might decide to ride the leveraged tokens for max profit, but not with all my capital, just 10%. Knowing the right time to enter the market after converting to stable coin is important.
Well you got lucky,,, lot of people usually make the big moves and then find that the market went directly against them. Also, it could be that everyone thought like you and sold their bitcoin and everything,,, which then cause others to do the same when they saw the orderbooks just pile up with sells. Big calls were made!
Each and everyone have their own decision some might buy while the price is low.
Other's would panic and sell their coins and for sure there are some who would just ignore it and keep on holding what they have.
And I am one of those who would just ignore it and wait for it to recover since I don't have enough money to buy some right now even if I want to.
The good thing to do is to wait until its recovering and have patience because theres a time you can encounter a long time o wit before it rise again. Also take that oppotunity to buy some coins if you have extra money when the price is dump because it can give you more profit then sell it when the price is rising. For now since the coins are dumping we should do nothing and keep waiting. Other's would panic and sell their coins and for sure there are some who would just ignore it and keep on holding what they have.
And I am one of those who would just ignore it and wait for it to recover since I don't have enough money to buy some right now even if I want to.
Each and everyone have their own decision some might buy while the price is low.
Other's would panic and sell their coins and for sure there are some who would just ignore it and keep on holding what they have.
And I am one of those who would just ignore it and wait for it to recover since I don't have enough money to buy some right now even if I want to.
indeed some people have differences of opinion when looking at market conditions that are burning like this, there are some new traders who panic when they see the condition of the price many are collapsing but for experienced traders they will use this to be able to buy coins at low prices because it is difficult to be able to find good opportunities like this.Other's would panic and sell their coins and for sure there are some who would just ignore it and keep on holding what they have.
And I am one of those who would just ignore it and wait for it to recover since I don't have enough money to buy some right now even if I want to.
Get out? Run? or just watch? In bad market situation you must keep your money safe, it's the most important. What i'm doing these days is just watching the market runs, and fiat in my bag. Because the market is always there, i can get back later, no hurry.
Each and everyone have their own decision some might buy while the price is low.
Other's would panic and sell their coins and for sure there are some who would just ignore it and keep on holding what they have.
And I am one of those who would just ignore it and wait for it to recover since I don't have enough money to buy some right now even if I want to.
indeed some people have differences of opinion when looking at market conditions that are burning like this, there are some new traders who panic when they see the condition of the price many are collapsing but for experienced traders they will use this to be able to buy coins at low prices because it is difficult to be able to find good opportunities like this. Other's would panic and sell their coins and for sure there are some who would just ignore it and keep on holding what they have.
And I am one of those who would just ignore it and wait for it to recover since I don't have enough money to buy some right now even if I want to.
Each and everyone have their own decision some might buy while the price is low.
Other's would panic and sell their coins and for sure there are some who would just ignore it and keep on holding what they have.
And I am one of those who would just ignore it and wait for it to recover since I don't have enough money to buy some right now even if I want to.
Other's would panic and sell their coins and for sure there are some who would just ignore it and keep on holding what they have.
And I am one of those who would just ignore it and wait for it to recover since I don't have enough money to buy some right now even if I want to.
The problem is I don't know how to read crypto chart, I never thought that Bitcoin could go down like this if not I would have kept my stable coin instead of buying back BTC at higher price, I fucked up real big, anyway you don't lose until you sell
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.
Yeah for traders but cutting loss isnt that easy especially if your down with above 60 to 70 percent already. Some are thinking quitting after a huge tragedy here. I know a friend who loss more than 4k USD and still holding. But that loss can make you quit already if it was me. Anyway the better solution is just hold, there is no loss until you sell it. Holding your capital in fiat is a good decision because you dont have to worry for the fluctuation and you can return back if the market is turning better again.
But for me I chose to hold and forget for a while the current happening in the market. Its sad seeing the coins consistently declining but its the reality that we have to face. In time, the virus will pass and the market will recover again.
I was very surprised at what was happening this morning and Bitcoin dropped so quickly in just one day. Actually this is the price that I never wanted it to happen but now everyone must accept this fact because Bitcoin may soon return to $3,000 in the next few days. But for me I chose to hold and forget for a while the current happening in the market. Its sad seeing the coins consistently declining but its the reality that we have to face. In time, the virus will pass and the market will recover again.
Of course, I always keep calm during this time and only hold USDT to ensure I can buy some other cheap coins in the near future.
Buy back when bitcoin and altcoin dump because is the best chance and bigger opportunity to get much profit, but if keep waiting for bitcoin growing up you miss chance to get much profit with bitcoin and altcoin.
I woke up to see a substantial dump in the value of my holdings, the best move is to be patient because one may not have the enabling mindset to make the right decision. It's wise to suspend everything and strategize on how to go about the issue.
Holding your capital in fiat is a good decision because you dont have to worry for the fluctuation and you can return back if the market is turning better again.
But for me I chose to hold and forget for a while the current happening in the market. Its sad seeing the coins consistently declining but its the reality that we have to face. In time, the virus will pass and the market will recover again.
But for me I chose to hold and forget for a while the current happening in the market. Its sad seeing the coins consistently declining but its the reality that we have to face. In time, the virus will pass and the market will recover again.
Yes, you should always have some money in Fiat so that you can buy the coins you need at any time. This is a good move, this scheme is followed by many traders.
Yeah, it will better if we save our asset into stable coin like USDT. We don't know how long this dump will exist. With this situation, we can learn how to not be greedy in the market, we don't know when storm will come to us, better if we use money that we already to lose them.
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