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Topic: What to do when price keep dropping ? - page 3. (Read 4397 times)

sr. member
Activity: 392
Merit: 251
October 01, 2017, 10:28:31 AM
I would look back its chart and see how it was performing before. Look for any news why is the price dropping and acting according to that. If you have week hand with no reason you can loose a lots of money quickly. I am pretty sure many of us had this mistake before. I would not act before did a good research first. Wink
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
October 01, 2017, 10:18:19 AM
What to do when price keep dropping ?
Just hold your coin and wait for the pump of its value and i think you know the consequences of investing in crypto currency there is a tendency to fluctuates its value and you should know the risk of your investment. But i suggest that if you want to hold coin just choose on the reputable coin or the top coins in the crypto market because i am sure that even their value dropping it will have a big change to recover and surpass their previous highest value.
i myself have previously suggested this before (to remain patient and hold), but this happens to me now, i bought a dash at the price of 0.082 btc a few days ago and currently dash price is at the price of 0.075 btc, i bought quite a lot and although my heart said to keep patience and hold but FEAR must be there for every trader, seeing slow movement and tends to decrease on the coins that i hold, the questions is how to overcome fear?

Set up a sell order and leave it there. Its only been a few days so it probably will still go up. Dash has been there for quir some time so same woth btc, you have to trust the coin that you've invested on. Never sell at a loss
hero member
Activity: 1008
Merit: 501
October 01, 2017, 09:59:13 AM
What to do when price keep dropping ?
Just hold your coin and wait for the pump of its value and i think you know the consequences of investing in crypto currency there is a tendency to fluctuates its value and you should know the risk of your investment. But i suggest that if you want to hold coin just choose on the reputable coin or the top coins in the crypto market because i am sure that even their value dropping it will have a big change to recover and surpass their previous highest value.
i myself have previously suggested this before (to remain patient and hold), but this happens to me now, i bought a dash at the price of 0.082 btc a few days ago and currently dash price is at the price of 0.075 btc, i bought quite a lot and although my heart said to keep patience and hold but FEAR must be there for every trader, seeing slow movement and tends to decrease on the coins that i hold, the questions is how to overcome fear?
full member
Activity: 266
Merit: 100
October 01, 2017, 07:17:41 AM
I think we should be calm and not sell Bitcoin at this time. We have to wait for Bitcoin to be pumped from Chinese investors because China has made Bitcoin prices a lot of impact and this is not really good.
Yes I agree. But it doesn't just apply to bitcoin. Even if your altcoins's price start dropping, you should just stay calm and don't panic selling. There's a reason why it is dumping. Just hold on it, eventually it will start to recover.
hero member
Activity: 2352
Merit: 953
Temporary forum vacation
October 01, 2017, 07:16:55 AM
Depends on the coin. If it is dropping because there is no more development then you should dump it fast! If it's just a dip due to FUD then hodl and wait for the storm to clear. Good coins will always rise up eventually

Actually, I think more important than anything else with investments, and yes this also applies to buying and holding/trading alts, you have to decide what is your level of risk. What is the loss you are willing to take for the gain you want.

Set a percentage. 10% or 20%. If trading set a STOP LOSS. This of course depends on the term of your investment. The longer you want to keep it, the higher risk you should allow.

This is standard across alts, unless as many suggest, you truly support the coin but who is not here for profit right.
full member
Activity: 630
Merit: 100
October 01, 2017, 07:01:58 AM
Depends on the coin. If it is dropping because there is no more development then you should dump it fast! If it's just a dip due to FUD then hodl and wait for the storm to clear. Good coins will always rise up eventually
full member
Activity: 224
Merit: 100
October 01, 2017, 06:57:01 AM
if you believe in the project i suggest you hodling. but sometimes cash out and buy after the storm is calm is a good move Smiley
hero member
Activity: 798
Merit: 500
October 01, 2017, 04:46:09 AM
First you would have to find a situation where the price is dropping. Right now the price is not dropping So This Thread is pretty useless. However if the price was dropping you have to find indicators and find out why was dropping I think you can make it successful Choice out what to do next. But first you're going to need a situation where that actually happening and right now I don't think we're going to see that for a while.
sr. member
Activity: 672
Merit: 289
September 28, 2017, 07:05:12 PM
What to do when price keep dropping ?

close your computer gram a coffee and do sth different than checking your balance. this is what I do and you know what? it works! Smiley
member
Activity: 88
Merit: 10
September 28, 2017, 06:57:48 PM
What to do when price keep dropping ?
Like they said keep calm, everything will be fine soon. Analyze the situation, if you find it just a minor fall, buy coins if you like, then wait for it to rise then sell, that's it. Be patient enough to wait for the right moment because there's a time for everything. Perseverance and accuracy is the key.

Just hold it. Holding them will give you the authority to act correctly without big mistakes that could ruin your economic situation.

Never buy coins with borrowed (loaned) money.
full member
Activity: 292
Merit: 102
Bounty Detective
September 28, 2017, 06:51:27 PM
What to do when price keep dropping ?
Like they said keep calm, everything will be fine soon. Analyze the situation, if you find it just a minor fall, buy coins if you like, then wait for it to rise then sell, that's it. Be patient enough to wait for the right moment because there's a time for everything. Perseverance and accuracy is the key.
full member
Activity: 266
Merit: 100
Prontapay
September 28, 2017, 03:29:47 PM
Keep your coins.You didnt lose money,if you didnt sell.
sr. member
Activity: 994
Merit: 252
September 28, 2017, 03:25:32 PM
When the coin price keeps dropping you will be at panic first, but be calm it is a good time to not sell your coin just store and wait for the right time because after that crisis, I’m sure your coin has the right value.
Indeed the drop in the prices of an coins gives a big shock to its holder. Basically, they are going through loss and the fear of staying in that condition forever also makes some sense but an investor of digital currencies must bear this fact in his mind, No matter what, the price will at least touch the previous peak for sure in the coming time. Like bitcoins are now making a stable recovery! but this way every investor and traders need to be patient with their coins for the purpose of good profit.
hero member
Activity: 642
Merit: 500
September 28, 2017, 12:44:08 PM
I believe the bitcoin price will go up to 5000$ soon. Price for other valuable altcoins will rise up accordingly. So I sold my cars and invested to the cryptocurrency.
it is just due to one of the exchange which has stopped the exchange of bitcoin upto 30th sep and i think it is just for a short time and and indirectly it have given a very good chance to the investors to invest in it. the price was good then to invest and now it have recovered to previous value. now it is back on track and hope it will soon upto the the $5000 track.
sr. member
Activity: 462
Merit: 251
September 28, 2017, 11:45:04 AM
I think we should be calm and not sell Bitcoin at this time. We have to wait for Bitcoin to be pumped from Chinese investors because China has made Bitcoin prices a lot of impact and this is not really good.
Yes that's right! because, if carried away do you think who is the looser? Just stay still, relax and just keep on waiting until it resume again at the original value of the coins or more.
member
Activity: 140
Merit: 10
September 28, 2017, 11:16:14 AM
Hold and do some research, find out if there are any updates coming in the next few months! Coins can pump on even just a tiny bit of news/potential in this game Roll Eyes
jr. member
Activity: 56
Merit: 10
September 28, 2017, 10:44:37 AM
Hold what you have and buy if you have spare money. Usually when prices drop there is no other way but to go up. You just need a lot of patience and confidence in what you have. I hoarded XMR when the price was low af and after a few months boom profit on trade.
sr. member
Activity: 322
Merit: 250
Make A Bet on WORKING SOFTWARE
September 28, 2017, 10:34:31 AM
I believe the bitcoin price will go up to 5000$ soon. Price for other valuable altcoins will rise up accordingly. So I sold my cars and invested to the cryptocurrency.

Nobody can accuse you of lacking conviction.

Let's hope you didn't need that car, or you'll end up being able to buy several cars.
trk
full member
Activity: 228
Merit: 100
September 28, 2017, 10:28:33 AM
selling your car to buy bitcoin? awesome faith dude!
I would use it mostly on btc and eth which is the most trustable, the other 10-20% to buy some alts,, or even a few percents to buy tokens
And yeah, for investment purposes holding it is better I guess, just check it every several weeks
full member
Activity: 153
Merit: 100
September 28, 2017, 09:44:43 AM
When the coin price keeps dropping you will be at panic first, but be calm it is a good time to not sell your coin just store and wait for the right time because after that crisis, I’m sure your coin has the right value.
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