Topic: What to do when price is dump?? - page 6. (Read 2833 times)
this is a market where everyone involves is either buying or selling. the choice is different. when the sells are high, the market dumps and when the buyers are high, the, price of the token increases. the choice is yours to know what to do in times like this. a trader buys more when prices dumps and wait for market stability to sell back.
Many people have many trading strategies so do we , i would likely to say make your own strategies to have some profit don't follow others. Do your research , invest on your own. So it's best to try to stay stay calm as possible. Repurchasing when prices are downed in the market is a good solution if can afford it . That's it.
I think there is nothing wrong if you have the results of research on cryptocurrency price movements from other people so that the difference can be used to compare what methods of analysis are more suitable and more appropriate because if there is no material for comparison then you will never know how to read price movements cryptocurrency
Many people have many trading strategies so do we , i would likely to say make your own strategies to have some profit don't follow others. Do your research , invest on your own. So it's best to try to stay stay calm as possible. Repurchasing when prices are downed in the market is a good solution if can afford it . That's it.
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
This is why having more resources is important. One loser has the chance to start with another. And if there is less resources, then it becomes difficult to adjust.
First, if you don't want to lose too much when the price falls. You need to set a stop loss for all altcoins you have purchased. And if you do not set a stop loss, you do not need to panic when the price has gone too deep, just calm down and keep patient. Certainly prices will return in the future
If I want to give a solution from business considerations, I would say that the movements of the coins should be surveillanced until the price increases.
The buy-sell market will always remain under price hike. A trader will aim at a commodity or coin when prices rise he will sell the goods or coins he has purchased and, when depleted, will incline towards buying. However, if there is a tendency to buy at a lower rate, then you should concentrate on monitoring the market with the purchase closed, mean while securing some assets is a good move because buy in the lowest position that is a good advice for this kind of situation.
I do not know what you will do when you are on the boat when you are on the boat quite a distance from the shore. However, I think it is important to try to get further help with the signal by maintaining a negative attitude. I would suggest one, because you never want your wealth to be subordinated to others. So it's best to try to stay as calm as possible.
Repurchasing when prices are downed in the market is a good solution if can afford it .
Repurchasing when prices are downed in the market is a good solution if can afford it .
When the market started to go red it was always better to change your assets to a stable coin. But you have to do it correctly. If you run already in loss then I always suggest to hold to your coin if you thing that was a great project. Then it will sure that in time it will give profit. But I always wrong to stand out at low time. Your asset would not recover. Many people have many strategies , iwould say make your own don't follow others. Do your research , invest on your own. That's it.
The actions that follows after a price is dumped depends on the individual. Trading teaches you to understand the emotions of the market.
If you can do that rightly, then you have no problem.
The safest way remains converting to usdt right before the dump.
If you can do that rightly, then you have no problem.
The safest way remains converting to usdt right before the dump.
A good trader always sets a stop loss. And with a sharp drop in price, he already gets his hands on stablecoins or dollars. And then when the price falls even more experienced trader begins to buy the necessary coins in several batches. Sitting in stable coins you can save your capital, but you will not earn anything.
in this condition stable coin could give us profit if our local currency were down. i see usdt rate in some countries rise alot , and traders that buy it in previous crisis get profit alot. many currency rate in several countries drop sharply in this condition , and stable rate could gain more than 10%.It is very good when you can buy stable coins for the currency of your country directly on the exchange. Because if you deposit the currency on the exchange every time, and then withdraw it, then the profit is eaten up by fees for transactions.
I found an exchange where I can trade my national currency against the dollar, and I can already make a profit from it.
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2 situations for 2 people 
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1. A newbie investor - He will browse the internet and suddenly he saw the price of Bitcoin dumped followed by a couple of articles coming from different shitty media channels that is telling negative to Bitcoin. He will suddenly feel panic and will use his smartphone or pc and will go to exchange and sell his Bitcoins even though it is a loss.
2. A pro investor - Simple. He sees dump as a buying opportunity instead of selling opportunity.
In short, being a contrarian here is the key. Instead of following the herd which is mostly newbie investor, just follow what professional ones are doing and that is just doing the opposite of what the most investors are doing
.
.1. A newbie investor - He will browse the internet and suddenly he saw the price of Bitcoin dumped followed by a couple of articles coming from different shitty media channels that is telling negative to Bitcoin. He will suddenly feel panic and will use his smartphone or pc and will go to exchange and sell his Bitcoins even though it is a loss.
2. A pro investor - Simple. He sees dump as a buying opportunity instead of selling opportunity.
In short, being a contrarian here is the key. Instead of following the herd which is mostly newbie investor, just follow what professional ones are doing and that is just doing the opposite of what the most investors are doing
. 
A good trader always sets a stop loss. And with a sharp drop in price, he already gets his hands on stablecoins or dollars. And then when the price falls even more experienced trader begins to buy the necessary coins in several batches. Sitting in stable coins you can save your capital, but you will not earn anything.
A good trader always sets all those basic things,,, Entry, Exit. Exit means either take profit or stop loss. It's the most basic thing on earth but every trader also falls prey to silly psychology,,, they set a deep stoploss thinking already it will never hit, and when the trade is SO close to it, they move the stop even lower,,, and again and again that it is pointless.
depending on how the project works, if the token generated from the project is good and has a real product then I will maintain the investment at the same time even if the price drops low, because I believe there is still a possibility to raise prices again. but different from tokens that are difficult to develop or difficult to increase in price, so sell immediately even if you sell at a loss.
In that situation I better hodl. I don't get panicked because I know whether I get panicked or not this won't give me a solution. So I hodl. Sometimes it's better to believe in future and also believe in luck.
Hold is always a good choice, if the market collapses and we can't get out in time then it's best to keep calm and hold them for a while. If we are holding good altcoins, they will surely recover soon, this market will not be able to die easily.
In that situation I better hodl. I don't get panicked because I know whether I get panicked or not this won't give me a solution. So I hodl. Sometimes it's better to believe in future and also believe in luck.
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?
It depends on your way of defining the bottom. There are a lot of ways to confirm that; you should have to choose the right one. In order for you to do that, proper application of technical analysis should be performed which requires skills and time. It's still a risky move because your evaluation might be wrong which happens to a lot of investors/traders. What do you think? Is it a smart move at this time?
If the current situation is better we secure our assets and wait until the normal time is back and if you want to switch to USDT it is also very interesting if it is in the crypto compare, and we can also choose stable coins even though this dump is currently All of us depend on each other's beliefs, we all certainly don't want to be hurt with the current circumstances.
I'd rather try to calm myself and don't panic because I might sell my coins when the price dump, but I'll just keep waiting till the bear market gets better.
A good decision should be so when prices fall and a lot of panic occurs and wait until the market conditions improve is the right decision because not everyone is able to be calm when prices fall, wish you luck. Jump to: