What to do when price is dump?? - page 8.

Flickkk

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Quote from: Ifemini on March 12, 2020, 09:42:46 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?

If youre talking about some Coins from an ICO when the price got dump .
Then the best way is to sell it AsAp because it is very hard to predict the price of the Ico coins . You might regret it if you wait for it.

Slingshot

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Best thing to do when price dump is to wait and sell when it comes up but some panic to sell and rebuy so it's all about choice anyway.

TheMystic

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when price dumps this way, you can eiher invest and hold for long term or if you already have a dumped coin, all you need do is wait and be patient for it to pump back. as we all know at this time, the market is not stable and will not advice investing till its safe to buy or sell. but before you buy, ensure to know the project is safe to do so. dont invest in too good to be true project so you dont get too much loses. stay calm and safe.

awakpane

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In my opinion, one of the basic steps as you say is holding a coin when the price is falling. but if we have other capital and can predict if prices will rise again in the near future, then it's better to buy as much as possible. so we can get satisfying benefits.

yohananaomi

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Quote from: Divinespark on March 27, 2020, 07:20:39 AM

We first need to be calm and not postpone. If you do not set stoploss and the price has fallen too deep, then you should be patient and wait for the price to recover, if you lose your temper and sell everything, you will fail in this market. Don't sell anything when the price falls, like 2 weeks ago the price of bitcoin went down to $ 3400 but now it has gone up and is about to reach $ 7000

agree, most of the people who are impatient and are always filled with panic are regrets that will not be found again. when bitcoin goes down actually is the perfect moment to buy and hold it. instead of even doubting and not trusting bitcoin, we know that bitcoin always experiences things like this and is accustomed to it. unfortunately the right time should buy missed because of distrust.

Divinespark

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We first need to be calm and not postpone. If you do not set stoploss and the price has fallen too deep, then you should be patient and wait for the price to recover, if you lose your temper and sell everything, you will fail in this market. Don't sell anything when the price falls, like 2 weeks ago the price of bitcoin went down to $ 3400 but now it has gone up and is about to reach $ 7000

Psynthax

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Quote from: mr_random on March 26, 2020, 07:43:45 PM

Quote from: GreenStox on March 26, 2020, 03:26:31 PM

buy more coins.because almost all coins were at the lowest price at the time.
that is the basic principle when the market goes down.
buy when low.

Buy the low and sell the high. This is the reason why traders become successful but the prices can go lower than expected. Never forget, markets can stay irrational longer than you can stay solvent.

But that's not so simple as that caused by we must determine the rate to buy and sell. If that was so simple as that and people can earn the profit easily. The trend is very unpredictable. The problem is there are so many uncertainties in the market that makes us will be very difficult to predict

FrozenBit

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Quote from: Dr.Osh on March 26, 2020, 05:31:55 AM

Quote from: disconnectme on March 25, 2020, 05:21:39 AM

In time like this Cash is the king, the most important thing now is to preserve your portfolio and look to die another day. For me before trying investing into the market let the market stabilize and let investors confidence return they will be another opportunity to make money

you are right. when a dump occurs, people will wait for prices to stabilize again to determine the decisions they will make. when they are so panicked, and sell their assets when the price is down, of course, it will only put the assets at risk. so, before deciding on an investment, or selling assets into cash, we will certainly wait for prices to stabilize.

Agree with you, we need to stay calm in this market. If we panic when prices collapse, the situation will definitely get worse and we may sell everything at the bottom. I personally have encountered this situation several times and it has helped me to learn more lessons in this market

adekogbe

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I always recommend that you prepare in advance for any form of bad market situation.
Nobody can really predict how the market will behave and there is a real need to prepare.
So i do take profits in a stable market and buy USD based coins in order to prepare so that when the price dumps i can buy Bitcoin ethereum or any action i desire at a cheaper price.. Thus making profit in the process

mr_random

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Quote from: GreenStox on March 26, 2020, 03:26:31 PM

buy more coins.because almost all coins were at the lowest price at the time.
that is the basic principle when the market goes down.
buy when low.

Buy the low and sell the high. This is the reason why traders become successful but the prices can go lower than expected. Never forget, markets can stay irrational longer than you can stay solvent. The irrational market conditions will be a lifesaver for the experienced traders, so stay away from volatility if you have no experience.

odukoyaewatomi27

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When prices are dumping like this, the average person will hold on to their portfolio and nag a lot about the market conditions. While the wise investors will convert his assets to stable coins and use them to buy at the bottom, thereby taking advantage of the market.

GreenStox

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buy more coins.because almost all coins were at the lowest price at the time.
that is the basic principle when the market goes down.
buy when low.

Slingshot

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This question is really a great one, most people out if fear sells once token they buy starts dumping real hard and some do leave it to come up back. But truth is, not every projects you leave to pick up back would definitely pick as some would keep dumping till it dies which is the reason one has to do research before failing in wrong pump and dump.projects. and some would do and still rise, this is actually a matter of knowing a project you are buying so as once dumps you won't sell at lost instead you wait for it to bounce back so u could dump.

rahmatullah9305

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Quote from: Crypto_lion on March 25, 2020, 04:21:21 AM

When a project in which you are investing for short term gains is dumping a lot it would be logical to convert it into cash . In the unlikely event that you are not able to convert into cash or you wanna keep the money in the crypto then yes opt for some stable coin and then invest back when market hits bottom.

Yes, what you said is a very good solution, because at the moment there are very many traders who store their assets in a stable token in order to protect the value of their assets from falling prices, and that makes the assets in the form of cash too much , because the value of cash is always fixed and does not change as it is altcoin.

Bitcoinislife09

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Quote from: Ifemini on March 12, 2020, 09:42:46 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?

Good move but not always sometimes it is better to buy low and sell high for a bit if you already have the profit since the market price of cryptocurrency and either bitcoin is volatile so not all the time the market price is going to increases their are also a lot of times that the market is dump so I think it is better to sell of your investment when you think you already have a great profit and then when the market is dump again that way you could now reinvest your profit for a profit again in the future. Might be better than just investing it for a long term, don't get me wrong it might be a great way of investing but the time it might take I would not take the risk.

Dr.Osh

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Quote from: disconnectme on March 25, 2020, 05:21:39 AM

In time like this Cash is the king, the most important thing now is to preserve your portfolio and look to die another day. For me before trying investing into the market let the market stabilize and let investors confidence return they will be another opportunity to make money

you are right. when a dump occurs, people will wait for prices to stabilize again to determine the decisions they will make. when they are so panicked, and sell their assets when the price is down, of course, it will only put the assets at risk. so, before deciding on an investment, or selling assets into cash, we will certainly wait for prices to stabilize.

bearexin

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Quote from: Ifemini on March 12, 2020, 09:42:46 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?

Based on what I have understood from this your explanation – people should sell their coins once price of the token starts to fall and then hold it in their fiat? Uuhm I don’t really think that is the right way to go. You see, the price of coins can go down and up at anytime , unless you have decided to be a day trader.

Someone who is into Hodl'ing will just invest their money and wait for a long time till the price goes up and they will make profit. That’s why it’s important to learn technical analysis, there are lots of good books that will help you in your journey of learning about technical analysis like the book by J. Murphy. If you’re going to be a HODL’er, invest at the right time and simply hold till your target is fulfilled.

disconnectme

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In time like this Cash is the king, the most important thing now is to preserve your portfolio and look to die another day. For me before trying investing into the market let the market stabilize and let investors confidence return they will be another opportunity to make money

assa1979

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Quote from: Crypto_lion on March 25, 2020, 04:21:21 AM

When a project in which you are investing for short term gains is dumping a lot it would be logical to convert it into cash . In the unlikely event that you are not able to convert into cash or you wanna keep the money in the crypto then yes opt for some stable coin and then invest back when market hits bottom.

After this big dump happened I personally tried to cash out with minimum loss and reinvested in some profitable cryptos and stocks with great potential.
10 days passed - I'm 20% up in profit so yeah, consider reinvesting

Crypto_lion

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When a project in which you are investing for short term gains is dumping a lot it would be logical to convert it into cash . In the unlikely event that you are not able to convert into cash or you wanna keep the money in the crypto then yes opt for some stable coin and then invest back when market hits bottom.

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