Topic: What to do when prices are falling - page 49. (Read 46538 times)
If the particular asset that you keep hold of shows continuous fall in value, don't get panic. Just try to buy and hold if you have the trust that the specific token will pump in value after certain time period. This is what the professional traders do, rather than getting panic and ending in loss.
What you can do is that, you just need to wait for the price to go high and be patient if you really want to gain profit.
Hello. I have a folio of BTC, ETH, NEO and some alts. I've been watching at Bitcoin since 2015 but bought only at this summer (and the last move was quite bad, I bought some BTC for $4600). I try to study, watch vids, read forum and twitters. Chris Dunn has a vid on the topic but nothing really specific. I'm interested in some ideas about what to do when prices are falling. Sell alts and hold bitcoin? Short? (and if yes, so the next question is how to learn how to short?).
Well, for most people, they say that if the prices keep falling, you have two (2) options. One, you can sell your coins before the prices plunges down, so you won't have to suffer a massive loss. Or, you may hold on to them until such time that they regain their price and market value, and trade them again or sell them. It's actually up to you philosophy in dealing with bitcoins.
If the fundamentals of the altcoin is strong and the team proved themselves then hodl those coins and/or buy more at the dips. This way you will reap great rewards as solid coins always tend to recover at much higher values.
RULE no.1: DON'T FOMO
RULE no.1: DON'T FOMO
With BTC and ETH, you can believe that they will recover soon. With other coins, If I were you, I will sell if the price go down more than 30% the buying price.
Hold on
this price reduction usually does not last long, then we can sell it when the price goes back up.
this price reduction usually does not last long, then we can sell it when the price goes back up.
We dont need to panic if the price falling , just watch the price and make sure that you are always update, we should know that the price of our coin can decrease anytime, and of course we should aware that we can lose some of our money. that's a part of trading, we all not always win .
When ever prices are falling first thing we have to do is not to panic and we should first look into the market sentiments and the fundamental of the product what making impact.
Now we have to take the decision that either we should hold or sell if you are in positive mode just book the profit and hold in negative mode analyze the prediction chart and then react.
Now we have to take the decision that either we should hold or sell if you are in positive mode just book the profit and hold in negative mode analyze the prediction chart and then react.
Hold on
this price reduction usually does not last long, then we can sell it when the price goes back up.
this price reduction usually does not last long, then we can sell it when the price goes back up.
If the prices are falling them scoop the bloodbath to save some money and also to have a chance to make profit faster because the price will go up again and that is the pattern in this cryptocurrency market. Don't just observe the market and do nothing because the best thing that you can do in order to earn a lot even the prices are falling is to scoop them up.
Altcoins are not good for holding when the prices are low because there are numerous cases of altcoins when they decreased in price and never recovered the prices again. Bitcoin is the only when which needs to be held when the prices are continuously decreasing, rather that is the best time for buying bitcoin. Bitcoin is the father of all altcoins and they are dependent on it for their values.
This question can not be said in a few simple words. The key depends on the concept of holding bitcoin. If you want to make a profit in the short term, then you need to pay close attention to the price of bitcoin Fluctuations, when the price reaches your predetermined take profit or stop loss range, you have to follow the set plan, and must be implemented in accordance with the plan, which is difficult for many people to implement. If you are optimistic about the future growth of bitcoin space, long-term holders of bitcoin to get huge profits, it can completely ignore the short-term price fluctuations, you need to have a firm belief.
Hello. I have a folio of BTC, ETH, NEO and some alts. I've been watching at Bitcoin since 2015 but bought only at this summer (and the last move was quite bad, I bought some BTC for $4600). I try to study, watch vids, read forum and twitters. Chris Dunn has a vid on the topic but nothing really specific. I'm interested in some ideas about what to do when prices are falling. Sell alts and hold bitcoin? Short? (and if yes, so the next question is how to learn how to short?).
To put it short, it all depends on you and what you want and need. Bitcoins price has been up and down last days, and as far as Bitcoin is concerned hold it. Its price will rise again, or you can sell it now and even with that price earn money. As far as alts are concerned, use same thing. If you think alt price will go up, than hold it. If not sell. It all comes to you and what you want to do.if the price of the coin decreases again when we have bought it, you have to buy it twice that in order to cover the loss of the first price.
for example the price of the first coin you buy is 100usd, a few days later its price drops back to 75usd or 50usd when its price goes down you have to buy 2-fold in order to cover the losses from the sale later.
well it's just a guide, i also know its from others.
Buying the bitcoins and that too at the time when the market prices are falling down is the best thing which you can actually do especially at the time when most of the owners are busy in selling their coins at cheaper rates. In addition to this, you need to sit back calmly in order to avoid panic selling as well. You need to make the best possible use of your mind for making wise decisions. for example the price of the first coin you buy is 100usd, a few days later its price drops back to 75usd or 50usd when its price goes down you have to buy 2-fold in order to cover the losses from the sale later.
well it's just a guide, i also know its from others.
the first step you should learn is reading price charts, trading strategies .. this is very useful
we know this bitcoin has a narrow market and a very tight competition, it all goes back to our trading strategy ,,
we know this bitcoin has a narrow market and a very tight competition, it all goes back to our trading strategy ,,
it is our risk as a trader, we know this digital money has a narrow trading space and the number of competitors is getting tighter, my advice when the price starts to fall, you should be mentally prepared, whether you do not prepare from the beginning of the plunge.
probably the most basic idea that must be taken is that what
the fixation of the minus of the bank occurs only when the transaction is closed for sale
but if you're just in a drawdown
so you can always overexert and wait time
the fixation of the minus of the bank occurs only when the transaction is closed for sale
but if you're just in a drawdown
so you can always overexert and wait time
I usually sell of my stop loss is reached and maybe buy again if it will go lower because that's the time it will go bullish and profit big time or i just really HODL.
You are right but it is not good to sell the bitcoin because the bitcoin price and the profit will be high and in the future a lot of the people are buying bitcoin and the selling value of the bitcoin will be the best time when it will be here, it is really bad to lose the patience at the time of the low price because behind the every dark night there is the bright and shiny day so if the bitcoin price is l0ow today it is not good to sell the bitcoin should wait more.
It is either you see it coming, sell high and buy the dip or you hold. Panic will is the worst thing you can do.
When prices are falling, keep holding and keep buying more
because it’s the best time to buy, and when it reaches high
it’s time to harvest then...
because it’s the best time to buy, and when it reaches high
it’s time to harvest then...
If the price are falling no need to be angry because our btc are still there waiting with patient is needed if we are in the situation like this sometimes the price of bitcoin is high but sometimes are low so we have to accept it because this is a business.
Hold it if the situation is not too bad. The price of bitcoin is not stable, if you just run with the price wave and try to catch up, you will lose. Take a possitive look and prize it in clearly way. Based on my own experience, everybody run with the bitcoin price all died.
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