To those of you that own lot of coins. Do you like it when the price drops if you plan to buy more coins? The reason being if coins fall in price, the value of your coins drop. But you can buy more coins at cheap price.
My thinking is its good only if you want to buy more coins? But not if you have enough and don't plan to buy anymore?
Are there ppl here that buy lot of coins but do not trade at all and just hold and when new coins come they just buy and hold and DON'T DAY TRADE?
Topic: What to do when price keep dropping ? - page 4. (Read 4343 times)
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 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.
What to do when price keep dropping ?
Keep calm down dont worry about that. If you know that the bitcoin price was dropping you should know or should move so that you are not alarming about that we know that currency are not fixed its fluctuating and other country are dropping there investment like china and other countrys so that bitcoin price was going down.
When price is droping you need to identified it. Is it just whale try to make a panic sell or is it whale want to exit their position. There is two kind of dropping price. But if you think that the fundamental of the coin is strong you dont need to worry. In crypto world some times you can up 100% in one day and down 100% in a day.
Identification of the drop is more important and then make decision.
Identification of the drop is more important and then make decision.
When price keeps on dropping, you better keep on buying.
-Paulo Coelho
PS seriously now, what coins in particular you have in mind OP. It all depends if its a s*itcoin or not lol.
-Paulo Coelho
PS seriously now, what coins in particular you have in mind OP. It all depends if its a s*itcoin or not lol.
For me, that is the time to try another cryptocurrency to invest. Try another coins that can be easily bought and will increase its price. Also, at that time, it is good to buy that cryptocurrency, and hold and wait until its price increases. We only need patience and perseverance to become rich.
there is nothing you need to do when price keep dropping, just hold it
Never sell at loss, all the coins will rise again if it is time
If you cutloss you Will regret it
sometime we neet cutloss to invest some other coin gain more profit and can comeback later Never sell at loss, all the coins will rise again if it is time
If you cutloss you Will regret it
there is nothing you need to do when price keep dropping, just hold it
Never sell at loss, all the coins will rise again if it is time
If you cutloss you Will regret it
Never sell at loss, all the coins will rise again if it is time
If you cutloss you Will regret it
What to do when price keep dropping ?
I think the best thing to do when prices keep dropping is to hold on to our bitcoins and not sell them. We should wait for the prices to go up to be able to do so. Patience is a virtue, waiting is always the best option, specially if you're not in a hurry to sell your coins and gain profit from it.
I turn off notifications and go to sleep or enjoy my day. Over the years I've learned that it's better NOT to do anything at all if things go down because in the end they come back up. Sure, this doesn't work for shitcoins but if you have your money into proven coins, it's always best to just wait.
There's a quote that circulated on twitter recently, time is everything, timing is nothing.
There's a quote that circulated on twitter recently, time is everything, timing is nothing.
Nice quote and exactly right, time is everything. But I need to admit my timing could be much better in terms of my trading behavior. It is not easy just to stay calm, when you see everything dropping and you do not exactly know why.
I turn off notifications and go to sleep or enjoy my day. Over the years I've learned that it's better NOT to do anything at all if things go down because in the end they come back up. Sure, this doesn't work for shitcoins but if you have your money into proven coins, it's always best to just wait.
There's a quote that circulated on twitter recently, time is everything, timing is nothing.
There's a quote that circulated on twitter recently, time is everything, timing is nothing.
as with any cryptocurrency that shows even a glimmer of Promise the best advice seasoned Trader can give you is to buy and hold, there's really no other strategy that's guaranteed to profit... cryptocurrency has only begun its urge to popularity and while individual Ico projects may suffer Bitcoin declining a few hundred dollars is nothing, solar sat around and watched it go from $0.20 to $1,000 back down to $20. just be patient with your currency and only sell it when you feel that you've gained enough money to justify your investment and the amount of money time and energy that you put into it.
It will stop dropping at some point I believe. I'd advise to hold and not to panic and maybe if you feel confident about a specific coin go invest some more 
I would try to guess the local minimum and buy more (if you have some spare funds to invest). This is also called "buy@dip" (see upper posts).
Doing this will 'dissolve' your purchase price.
Same with initial buying — do not spend the whole amount at one time.
Ex. you have 4000 to invest. First, you buy 0.5 BTC for $4000, spent $2000. Then, price drops to $3000, and you buy 0.5 BTC more. Now it is identical to buying 1 BTC for 3500. Now if BTC drops to 2700, you would lose $700, not $1200.
Of course, if BTC price raises to 5000, you would have to buy 0.5 for 5000, and the total purchase price would be 4500. However, an unrealized gain is always better than a realized loss, keep that in mind.
Take care!
Doing this will 'dissolve' your purchase price.
Same with initial buying — do not spend the whole amount at one time.
Ex. you have 4000 to invest. First, you buy 0.5 BTC for $4000, spent $2000. Then, price drops to $3000, and you buy 0.5 BTC more. Now it is identical to buying 1 BTC for 3500. Now if BTC drops to 2700, you would lose $700, not $1200.
Of course, if BTC price raises to 5000, you would have to buy 0.5 for 5000, and the total purchase price would be 4500. However, an unrealized gain is always better than a realized loss, keep that in mind.
Take care!
I think it's better to save and wait when the price will stop dropping, because according to the history of the time the price dropping untill the owner of bitcoin until despair with the situation also the end of the price recovered again with significant value, so just relax because bitcoin is not stuff that can expire
If iam sure of my TA of my coin i will hold and think for rebuy at dip
And if TA is say it will go more down so it;s time for stop loss
And keep in ur mind that trend is your friend
Go with trend
Not to think go against trend
And if TA is say it will go more down so it;s time for stop loss
And keep in ur mind that trend is your friend
Go with trend
Not to think go against trend
It is best to just hold. I have made the mistake of panic selling and buying. Just relax and hold and it will go up overtime. I remind my self daily to stop panicking and just hold.
What to do when price keep dropping ?
Keep our spirit high, dont panic, leave your emotions aside. Think long term.
Whether to dump a coin in case of drop depends upon the coin you invested. If you see some potential in the coin because of marketcap, project or whatsoever reason, hold as your coin will eventually recover in long term. But if the coin you invested is just a pump and dump driven, then sell your coin before further loss. Also, it depends upon how much loss you incurred. If your investment has dropped like 70-80%, then there is no fun in selling. In such situation holding would be better.
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