Topic: What to do when price is dump?? - page 7. (Read 2833 times)

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.

It depends on your analysis whether if the price will keep falling or not. Whenever I am late on converting my crypto into stable coins, I just hold and buy the dip. Everything varies from person to person since each of us has their own experience and strategy in trading. It is easy to give an opinion but once you are in the situation it is really difficult to decide. Just don't be swayed by emotion and think critical before doing anything.

i was impressed why this thread is a self mod when the question is only pretty easy to answer lol but yeah easy to answer means more lead to spam but i try to gave my own precise anwser here  . the question " what to do in price dump " doesnt really have a general answer but for me it depends still on the user  . when price dumps people think that the answer is panic selling but no not all are doing that . i dont rush to sell when i see the market is crashing rather i just sell my coins whenever i wanted to buy something  and the value of the coins could be on dip or pump , idc anyway  .

If you think the token/coin you're holding have potential and ability to be on top in the market, well, waiting patiently is the only key and the only thing you can do if there is a crash in the market. The wait will all be worth it after the market recovery but, if you think such coins/token does not have any future, then it will be best to just convert it to fiat money.

If you are holding top rated altcoins and you want to hold for long time then don't be panic hold your coins.on the other hand if you are holding which is not top rated nor well known better to sell those coins and convert your money to fiat it will help you to stop your loss. I always try this for others altcoin for top rated like ltc,eth,bnb,btc I don't care about their pump and dump ( my personal opinion).

Last dump of this month was very quick, you hadn't enough time to think or move to exchange. Because to stay in fiat currency or any stable coin, you have go a exchange. By this any people can be successful, don't need to learn anything from others. To take this smart move, always be active on market situation.

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%.

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.

Indeed, many things will rapidly come into your mind and block you from choosing right decisions which makes the situation even worse but for me having it in a stable coin is much more safer than the other options you have mentioned. In this crisis we are experiencing i think it is not likely for a coin to have a sudden spike in price so while you are thinking much more deeper of what your next move is, put your assets in stablecoin.

To be frank, I think that the event should be viewed from two different perspectives because it would not be correct to comment on this issue through the eyes of a single investor.
The first perspective will be for the investor who is waiting for the right investment opportunity and waiting with stable crypto money or holding cash. Since these investors have not yet made their investments, they should research after a possible downturn scenario and invest from the point where the market starts to recover. These investors will either miss the opportunity if they do not trade with the right timing or if they trade with panic, or they will lose even though they buy at low prices. That is why when investors have the right opportunity to enter, these investors must take action immediately.
The second perspective will be for investors with existing investments. Since these investors' current investments will be in a loss situation, they should not panic and make decisions according to their opportunities. For example, in addition to the existing investment, budget can be added and the average cost can be reduced by purchasing at lower levels. On the other hand, if a good analysis is made, it can turn its existing investment into cash and a new buying opportunity can be expected. Of course, it will be more difficult to do all this in the panic situation than normal conditions, so it may be preferable not to take action as another alternative.
I think that there is only one conclusion that should be reached from both perspectives, which is not to panic. You can also get the opportunity to open effective positions by doing the right analysis before your transactions.

It's an extremely difficult decision to take when you suddenly come online and discover your asset has drastically been reduced, you will be faced with either to sell off and wait for more dip or just stay put and hope the market recovers. This is never an easy operation as you may entirely lost out while in a stable coin and the coin suddenly spiked.

Stable coin is very necessary to be holding at this time. It's minimize your lose over this period of time but not all time it's worth it, sometimes its better to hold and be patience for the results. If the price is low, its also the right time for us to invest and analyze the market when at what will it be going.
We all know that it's difficult to catch the bottom of the trade, a lot of people are trying to catch this moment, a turning point where the market will swing and return to original shape.
Everybody missed out this exact moment and avoid being emotional when this kind of situation. It's always happened all the time.

I always have cut loss strategy whenever I go with trading, if there will be a dump then I can easily letting go my coin because it is part of my plan. I already learned from my mistakes when I did not let go my position where I did not follow my plan that result me to have huge losses. When there is a dump, I'll manage to cut it before I get a regretting decision again. Learn how to cut losses even if it is stable or volatile coin.

Indeed, most are still in choosing stable coins to secure their assets from the collapse of the crypto market, plus the global economic crisis that continues to hit by this pandemic, but I think short-term traders will not waste this because they want to make a profit every day. and at the current prices up and down enough that they will take a few percent profit.

holding crypto in form of stablecoin provides a good advantage to your holdings. With stablecoin, your assets are less likely to be affected by the volatile nature of the cryptocurrency ecosystem. So, if you intend to hold long term your crypto and if you trust the effectiveness of their economics, exchanging them into stablecoin would be a good idea.

when a very fast dump occurs - it is best to just wait and see what will happens next. if you do not set up a stop loss and the dump was very strong then just wait. Patience is the key to success in this market.

Holding fiat is a wise choice and will definitely give you a lot of opportunities to buy cheap pennies but first of all the market needs a major correction over the next few months. In my opinion, the value of Bitcoin is starting to drop more and has dropped to $3800 in the past few weeks so the possibility of repetition is very high. In addition, current investment needs have been greatly reduced now and the risk is likely to be higher than I expected.

I don't know where the low price is because the market is now under control and will definitely put you at a great risk in the near future. I think people should limit their investments and only hold fiat because this is the best way to secure your assets during this difficult time. Of course you can buy some cheap coins but think carefully because most altcoins are dependent on the price of bitcoin.

in current condition we dont know when price will drop and bounce. investors and traders prefer to hold fiat and quit from market for a while. for trader that used cold money maybe current condition didnt give effect to them and still able to buy cheap coin in market. waiting cryptocurrency price go to near lowest price will be good decision that have less risk.

In a dumping i will strictly watching the market and looking for signal of a bounce back, when a bounce back is confirmed i will buy coins that i have researched about it before and they must be good coins, in the past they had to show quick recovering after a dump. BNB, ETH, BTC, EOS are coins like that.