What to do when price is dump?? - page 5.

chip1994

sr. member

Activity: 868

Merit: 251

HEX: Longer pays better

Quote from: Ifemini on March 12, 2020, 08:42:46 AM

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?

sounds easy but we don't know where the bottom price will be. we should only confirm the desired level of profit to buy the appropriate prices and hold. I have missed many good opportunities too many times because I thought of waiting for "bottom prices". Investment and business are both risky games, we need to know how to divide capital to invest and hold in the long term to have good results. or the strategy to buy BTC whenever bitcoin drops around 8-10% of the price, which is also a good strategy.

@baoli

jr. member

Activity: 1162

Merit: 1

Base.protocol

You really have to pay attention to your coins if you a short term trader. Always secure your investment to stable coin if the market is dumping. If you are long term trader always know where to cut your lost and invest in other projects..

batang_bitcoin

hero member

Activity: 3080

Merit: 603

We can define a "smart move" in so many ways. Those examples that were mentioned by op himself are also smart. The other definition of it is for the day traders. They sell before it dumps and wait until it finally show the latest dump price and that's when they start being greedy of buying at the bottom. The other description is if you are a holder then you have to cut your losses before it finally goes to the bottom. Choose your strategy wisely and try those strategies and see which is effective for you.

Divinespark

hero member

Activity: 938

Merit: 501

Quote from: ancafe on May 12, 2020, 12:51:36 AM

just now a decline occurred in ethereum prices from the range of $ 200 to $ 180, and I am still waiting for this moment. however, I believe that every year there will be a potential high point for every crypto price. so, I will still wait for that moment, and determine whether I will sell it or keep holding it. sometimes it's very difficult to hold tokens when the price drops, so we need to hold on.

It's just a slight adjustment, and you don't need to worry about it. I believe that ETH price will recover very soon. I bought some ETH at $ 170 and am expecting it to go up this year, $ 500 is my goal for ETH by the end of 2020.

hushpupppy

jr. member

Activity: 250

Merit: 2

When the price is dump is a very crucial stage in trading, it requires proper temperament and likewise crisp decision making.
For some tokens, you need to be patient and wait for another bull run e.g etherum, bitcoin .

For some tokens, you need to cut loss, and this can be low rated altcoins.

ancafe

hero member

Activity: 1778

Merit: 746

just now a decline occurred in ethereum prices from the range of $ 200 to $ 180, and I am still waiting for this moment. however, I believe that every year there will be a potential high point for every crypto price. so, I will still wait for that moment, and determine whether I will sell it or keep holding it. sometimes it's very difficult to hold tokens when the price drops, so we need to hold on.

Odebowa

jr. member

Activity: 252

Merit: 1

Though it's 50/50 you might decide to hold and sell in future to make more profit because the major determinant of coin dump or not is demand and supply. It may later rise in the nearest future, but in some cases it's better to sell better still convert it to stable coin.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: Teawhalee on May 11, 2020, 02:38:25 PM

You are very right. The best is to stay in stable coin and buy when you feel the bottom has been reached. If it goes lower again buy more. That's a simple way to trade price dump.

Its an effective way to prevent losing further if the price drop. However I still prefer to hold it in bitcoin and let it stay there since im a long term hodler and switching to stable coin is not in my option. Thats why its a must to have a plan when something similar happen in order to not end up in a situation where you lose your money or the price of coins go dip.

H1N1

full member

Activity: 812

Merit: 100

We will need to doing something but depend on what coin we deal with.
If the dump happening on a good coin, we should buy it because the price usually recovering quickly.
Trader is recommended to trading good coins with good volume and liquidity so they won't lose too much if the coin price dump.

oli123

full member

Activity: 644

Merit: 100

When the price goes down, it's really good to buy as much as possible, it's just very hard when to buy, as you never know when cryptocurrency has reached the bottom.
For that, it's always up to you when and how much to buy. Personally, I try to do this with strong proven cryptocurrencies. You have to decide for yourself.

Teawhalee

copper member

Activity: 482

Merit: 1

You are very right. The best is to stay in stable coin and buy when you feel the bottom has been reached. If it goes lower again buy more. That's a simple way to trade price dump.

AssociatesBumble579

member

Activity: 160

Merit: 10

Your curiosity correlates with recent times. I think the speed of a market depends a lot on the buyer general and the market committee. As a result, hope will only take place when the value is returned to its previous profitable position.

ReliabilityAlert222

member

Activity: 145

Merit: 10

It is not so easy to have a lot of time to study for the cryptocurrency market .If you are trader hold your old coin for next wave . Again be prepared to invest always hold on with for quick purchases when price is down , wait for next bounce there will be big profits waiting for real investors . Always do the best analysis, research , its my opinion thanks .

BlackboardTrade524

jr. member

Activity: 76

Merit: 1

If you are a trader, than When price is dump we must choose a coin that have good potential in market , we must choose the top coins in CMC . The real investor only sees when the price going down wait for his time to make some profit . The theme is Sell in Bull ,buy in bearish. Because he knows stable coin investment will back when market hits in its top . Wait take our time,observe than go ahed when price is dump .

DrawAthens031

jr. member

Activity: 80

Merit: 1

Let us work together and find out ways and prevent tariffs. we must choose a coin that has good potential, we must choose the top 10 coins in coinmarketcap. Because through this we can facilitate our business operations as well as others will benefit.

Zazzu

sr. member

Activity: 518

Merit: 256

Living the truth....

Quote from: Bukata on April 29, 2020, 08:07:04 AM

In this situation it's either I convert to any stable coin or I hold on until market recovers. But the best is convert to USDT and buy back later

It was a wrong decision. Never move or panic when prices collapse. Because if you cut a hole at the bottom then you have lost in this market. It is best to stay still and wait for the market to recover, every action when the price collapses will make you lose more.

Slingshot

sr. member

Activity: 616

Merit: 250

Selling at lost is a big risk so once token dumped of anyone I think best is to watch and monitor the team as some people sells immidiately at lost. But it's better one checks the project and coin he or she is buying so as not to buy a coin team can dump on users without any plans of improvement. Investors wants more of news and partnerships than anything.

wowz2010

newbie

Activity: 28

Merit: 0

Quote from: Ifemini on March 12, 2020, 08:42:46 AM

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?

at this moment there are plenty of room to sell your holdings.
when big dump will happen you better cash out all of your crypto and then rebuy when btc has fallen down enough (enough for your preferences of course)

Santri

full member

Activity: 1092

Merit: 101

all depends on the potential of the token, if it has a good development but the dump price then hold until the price recovers. if the token does not have much progress then sell immediately, even if you lose at least not lose all the money

Odebowa

jr. member

Activity: 252

Merit: 1

In crypto buying and selling exist. But they are some certain parameter that determined the efficacy of either one of them. In crypto patient is required for profit to be made buy when the price is low sell when it's high, because one cannot survive without his environment so what is happening in a particular time influence one decision when price is dropping one can hold because what goes around comes around. But Patient is required because if one sell as at that time profit might be minimal or loss or break even to make profit patient can be introduced

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