Topic: What to do when prices are falling - page 55. (Read 46538 times)
I am not worried about value that weakened during the coin that i hold is coins that has a roadmap as well as a potentially bright prospect in the future. I was panicked when btc collapsed into range $300. But continue to be patient until now its value grew more than x20.
I am doing is to hold it, and buy more .If i have more balance in my wallet ill take to buy an additional coins and then hold it until the price of coin is recovering ti'l the highest amount.this is a part of stragedy if you are a professional trader,as i think.
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?).
Best thing to do when price fall down is just holding and buy back again.
Its strategy i think work on crypto trading
If the prices of coins are falling, make sure you have some balance on your wallet, it is the time to buy some coins that you think it has a good possibility in the future to increase, in that case you profit may increase in the past days. And talking about the coins you are holding, lets just add some of them to minimize some losses when dumping
Just relax and buy some more.
It is not the time to panic when the prices are actually falling this is because we all know that if the price does face some decrement then obviously it would arrive in the next level. Many people lose their hopes and they just decide about selling their Bitcoins at the time of dumping and try to invest whatever they have in some sort of business or other option for earning. The question has quite a simple answer that if the price is falling simply go out and buy some more.
I just chill and keep holding all of my coins. I've bought only at good prices.
This is what I do and just like what's happening now the price is falling. From $7,500 support it's now down at $6,900 so that was a very quick correction but I know many will still chase to buy some more bitcoin after taking the profit this is how people are greedy with crypto, they want to have some of it.
I just look at the price of bitcoin once a day, spending too much time observing the price of bitcoin will make us very frightened when we see the price of bitcoin continuously decrease.you will not worry about what you will do if the bitcoins fail even once.But I believe that bitcoin price keeps rising more expensive.
I just chill and keep holding all of my coins. I've bought only at good prices.
Just keep your cool, Most of the newbies are suffering from losing all their profit because they tend to panic when their coins price is decreasing, Just wait till the price is stable again, Its normal to have a huge down in market sometimes.
yeah many newbies suffering the same situation as you said , and including me when i am new to cryptocurrency world ,now i finally know the price dump or pump is very normal and just wait it pump again patience.
Just keep your cool, Most of the newbies are suffering from losing all their profit because they tend to panic when their coins price is decreasing, Just wait till the price is stable again, Its normal to have a huge down in market sometimes.
yeah many newbies suffering the same situation as you said , and including me when i am new to cryptocurrency world ,now i finally know the price dump or pump is very normal and just wait it pump again patience.
Just keep your cool, Most of the newbies are suffering from losing all their profit because they tend to panic when their coins price is decreasing, Just wait till the price is stable again, Its normal to have a huge down in market sometimes.
It depends on the situation. Holding is very helpful but not all the time. Sometimes you need to sell your coin cheaper than to its original price to avoid the big loss.
That is true and it all balls down to the coin you are holding and the situation at hand. Recently, knowing that a huge dump was happening before the BTG fork, I quickly moved all my funds to BTC which is what any smart trader should do anyway once you stay alert.I did not regret the losses cause eventually I made some back and still waiting for more dips at the moment to get more for pumps later on.
Im going to hold my present amount of coins and wait for the best time to sell..and also Grab the opportunity to buy more coins in addition to my present balance.but I make sure that the coins that I am going to buy have a capability to increase again thier value in a not too long period of time..
Is my strategy ok.??
Is my strategy ok.??
You can still work on bounty campaigns while waiting for your coins to grow or you can build your own mining rig so you can earn more coins passively and the only problem will be your electricity consumption.
And you have to also spend quite a lot to have a secent rig. The requirements are stiff for some people's standards. Your strategy is basically what most of us are doing during red days so its okay to just hold
I think while the prize are getting lower it is better to exchange it coz what ever happened it would not harm you
Im going to hold my present amount of coins and wait for the best time to sell..and also Grab the opportunity to buy more coins in addition to my present balance.but I make sure that the coins that I am going to buy have a capability to increase again thier value in a not too long period of time..
Is my strategy ok.??
Is my strategy ok.??
You can still work on bounty campaigns while waiting for your coins to grow or you can build your own mining rig so you can earn more coins passively and the only problem will be your electricity consumption.
Im going to hold my present amount of coins and wait for the best time to sell..and also Grab the opportunity to buy more coins in addition to my present balance.but I make sure that the coins that I am going to buy have a capability to increase again thier value in a not too long period of time..
Is my strategy ok.??
Name your coin please. Anyway i think holding and buy dip coin is good plan right now. Is my strategy ok.??
Im going to hold my present amount of coins and wait for the best time to sell..and also Grab the opportunity to buy more coins in addition to my present balance.but I make sure that the coins that I am going to buy have a capability to increase again thier value in a not too long period of time..
Is my strategy ok.??
Is my strategy ok.??
Just chill and buy the dip. Easy money right there. I have bought @ good prices so I am rarely at loss.
Sometimes waiting for too long and losing a lot on the position you previously bought most especially for a coin with no much support is a very bad thing to do. You should have a stop loss and know the percentage of loss you can have on a coin.This would help you to buy back at those dips once you are very sure those dips are over anyway, and watch out for the pumps for more profit than you even lost. Some coins would take months before they recover back to the state the who dumping started.
If you want to cut you loss and wait the price to increase, you can swap your coins to Tether (usdt) when you feel bitcoin dumping for long period. It's always fixed in 1$.
When the prices begins to rise again, you re-buy bitcoin or other altcoin with your Tether.
This is one way to trade most of the top cryptocurrencies by trading against USDT which in this case serves as fiat. You can watch the market, look out for breaking of support and then buying at those points and then watching out as it grows. It is just to have a strategy of never losing too much and knowing how you can utilize the market to your maximum profit.When the prices begins to rise again, you re-buy bitcoin or other altcoin with your Tether.
The only option we have is holding and if you have money then you can buy in those dips so that you can average your previous coin. When the price start increase you will make some money along with your investment.
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