Topic: What to do when prices are falling - page 94. (Read 46506 times)

Exactly not all the time every fall coins need to buy that is right much better to check make some short study why is it fall and if the reason why is it fall on that price and if you predict that it can be or have some possibility ro rise again them this is the time you can buy that coin.

Don't turn off your computer, as some people ask to do. The first thing to do is to identify the causes of the crash, check if the sources are reliable, and evaluate the possibility that the price may continue to fall.
If the odds are high, it may be better to sell. Otherwise, be patient and wait for a price rebound.

Don't turn off your computer, as some people ask to do. The first thing to do is to identify the causes of the crash, check if the sources are reliable, and evaluate the possibility that the price may continue to fall.
If the odds are high, it may be better to sell. Otherwise, be patient and wait for a price rebound.

As a crypto OG I will let you in on a secret.  All these coins have cycles.  It took me a bit to figure it out but theres one rule to winning and its very simple.  


DO NOT SELL AT A LOSS

Just don't.  Unless you desperately need the BTC to sell for fiat, just hold.  I can't even count how many times I got burned in my early days by panic selling.  You are playing to exactly what they want you to do.  Imagine crypto as one gigantic manipulated game.  We are just mere pawns to some of the whales, but if you have some patience and an iron hand, it usually works out.  In fact I can't think of one coin that I would NOT have made money by holding.  XRP, LSK, CLOAK just to name a few.  

Think of it like this.  Whales usually have large stacks that they got super cheap (or free).  They dump the price waaaayyyyy down to get Ol' Johnny Boy (you) to think their investment is lost and they better cut their losses and get back what they can.  WRONG!  You should be buying small amounts all the way down.  Eventually, it WILL go up as long as the coin has an active dev team and at least some community interest.  

If my average price is high and I can afford it, I will usually buy the dips.  Small amounts all the way down.  Lower that average entry price.  Then HODL.

I have a Google spreadsheet I make with all my buys on it so I can see my average price.  Then I have it auto query the current price from an exchange.  This way I can keep track of my P/L across multiple coins and exchanges in one sheet.

2nd big rule is diversify your bonds nucka.  Don't put everything in one basket.  You WILL lose on some coins (temporarily) but win on some.  It helps you see an overall picture of your P/L and give you more faith to hold through some losses.

Hope that helps a little!

for me bro just hold or buy support on the dip so could gain some more profit if it goes up thats why in my porfolio im always saving some btc for the this kind of market.

- Well, of course this is a very good opportunity to buy more bitcoin, we will make a lot of profit when the price of bitcoin is pumped back. With myself, if I do not have the money to buy more bitcoin, I would turn off the computer, go to sleep or dating with friends, 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. We should believe in Bitcoin, believe in our investment choices

Take the fall as an opportunity to buy more and to introduce it to friends so the can be able to purchase some, qe all know that it can rise soon ,so why bother too much. Hold onto it and know soon it will be a worthwhile.