Topic: What to do when prices are falling - page 96. (Read 46532 times)
Just don't sell your bitcoins at low price, don't panic because if you panic you will lose your investment. If the price is low buy again some bitcoin and wait for it to rise again. I experienced this before when the price is falling down instead i gain a profit. I loss some of my investment because i sell at low price.
What I have learnt from my loss experience is
1: if price goes against me and starts dropping I should better holdl and wait for a retracement upwards. This is because all panic sales I've made the coins went to the moon after I sold. So I've learnt the hard holdl way
2: Risk management will help too to sustain capital and be at a minimal loss.
1: if price goes against me and starts dropping I should better holdl and wait for a retracement upwards. This is because all panic sales I've made the coins went to the moon after I sold. So I've learnt the hard holdl way
2: Risk management will help too to sustain capital and be at a minimal loss.
When the price of bitcoin is falling the just buy more bitcoin so you can have more amount of bitcoin for your own purposes like capital for trading and also if you want to get more cheaper bitcoin then you can grab those cheaper rate from the falling price to get what you want.
just keep on hoping and prayin, it is happen regularly but just have on bitcoin , it will never goes down to its last yrs price, it will never be, just have faith in God and anything is possible just pray for it and it works, just hold your coins and dont be panic, better to manage you emotions too because it can affects you.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?).
If the price goes down, just wait and do not do anything. Holding is very effective way to earn more money. Hold your coins until the price of it goes so high and that is the right time to sell it.so they chose to cutloss rather than Hold. I suggest if the price is down, keep calm and don't be panic.
I think panic selling is only just for beginners ans us we should be used to this ups and downs. Like we've seen and experience these and there's nothing new how the market always behave. When the price crashes it's time to buy coins that you eye, the coins is on sale so better to grab it or you'll miss the chance. And when you won't buy just hodl it, don't sell or you regret it with your life.
Yeah, nobody know that, unless you are whales and create that trend.
Of course, you can use technical analysic for predict the price of Bitcoin, but it not exact 100%.
FYI If you would invested in bitcoin back in 2015 then you would have been practically Richie guy.
Anyway your concern is very general and most of the people would choose to sell their bitcoin or altcoins when the price starts dropping out. But if you are very keen professional then you should be choosing to hold bitcoin or altcoin because it is in the nature of crypto currencies that they recover faster because at the movement of dip most of the people will be buying more currencies and theoretically they would be pumping the trading volume into bigger level. This all leads to after effects like increased price of bitcoin. For better understanding just checkout what happened at segwit period. Study the whole thing about pruce trends, dip, ups and you will know how the thing work here.
Anyway your concern is very general and most of the people would choose to sell their bitcoin or altcoins when the price starts dropping out. But if you are very keen professional then you should be choosing to hold bitcoin or altcoin because it is in the nature of crypto currencies that they recover faster because at the movement of dip most of the people will be buying more currencies and theoretically they would be pumping the trading volume into bigger level. This all leads to after effects like increased price of bitcoin. For better understanding just checkout what happened at segwit period. Study the whole thing about pruce trends, dip, ups and you will know how the thing work here.
Let's look at an current example:
Bitcoin's and altcoin's prices were plunging after China announced the ban of ICO in the country. Shortly after, the Chinese government revealed that more restrictions will be announced in the coming days.
September 8th China announced exchange ban, and prices dropped again.
So if you are following the news and want to take the risks you could have bought during the first drop, sell when the prices recovered, and buy again after the second drop.
Bitcoin's and altcoin's prices were plunging after China announced the ban of ICO in the country. Shortly after, the Chinese government revealed that more restrictions will be announced in the coming days.
September 8th China announced exchange ban, and prices dropped again.
So if you are following the news and want to take the risks you could have bought during the first drop, sell when the prices recovered, and buy again after the second drop.
If the price of an altcoin which you have bought falls down,then you could sell it immediately and rebuy it when feel that it has reached its bottom price.Set a profit limit of 5% 0r 10% and as sson as you reach your target pice,then you could sell it and finish the trade.To mavoid such complications,what you have to do is to mdo your personal investigation about coins to find the most under valued coin by eading their ANN thread,seeing its market cap,finding which big people have invested in it and seeing what is their vision.By doing so,you could invest in the most under valued coin and even if it falls in price,you could just stay cool since you know very well its potential and that its price would soon rise.
There are two best things that one could do when the price of coins are falling.
1. Buy more coins to make good profit when the price recovers
2. Hold the coins so that you don't suffer from any losses
We should not panic in these king of situations. We must know that trades go like waves. It keeps on increasing and decreasing.
If we don't have any money to buy more coins then the best option would be to hold the coins as they say never sell at a loss.
1. Buy more coins to make good profit when the price recovers
2. Hold the coins so that you don't suffer from any losses
We should not panic in these king of situations. We must know that trades go like waves. It keeps on increasing and decreasing.
If we don't have any money to buy more coins then the best option would be to hold the coins as they say never sell at a loss.
I have to agree with this and I am already doing it.
Before I use to panic and sell because of fear that it will go down a lot more.
When you got a lot of money invested it is easy to see how much you are losing.
One more trick would be not looking at the price, specially with bitcoin. Just letting it be would be a great idea.
Right, I agree with what @pawanjain said and just like @Reid I also used to panic in every trade I made. I have also experienced panic selling in a certain coin, that was the time when fork news was hot. The bitcoin as well as the altcoin have decreased and is continuously going down. I was trying to sell a certain coin that time and when the price really goes down I panic and decided to sell even at low price.
There are two best things that one could do when the price of coins are falling.
1. Buy more coins to make good profit when the price recovers
2. Hold the coins so that you don't suffer from any losses
We should not panic in these king of situations. We must know that trades go like waves. It keeps on increasing and decreasing.
If we don't have any money to buy more coins then the best option would be to hold the coins as they say never sell at a loss.
1. Buy more coins to make good profit when the price recovers
2. Hold the coins so that you don't suffer from any losses
We should not panic in these king of situations. We must know that trades go like waves. It keeps on increasing and decreasing.
If we don't have any money to buy more coins then the best option would be to hold the coins as they say never sell at a loss.
I have to agree with this and I am already doing it.
Before I use to panic and sell because of fear that it will go down a lot more.
When you got a lot of money invested it is easy to see how much you are losing.
One more trick would be not looking at the price, specially with bitcoin. Just letting it be would be a great idea.
You actually buy at the wrong time and since you are new to trading, you should look at it as a leaning process and though your decision of buying bitcoin at $4600 was wrong for now but in along run you will make a good profit if you can be patient and also follow the right part. If you are a day trader? You should always buy a coin when it's low and sell when it is high.
If that happened, there are only 4 things you can do :
1. You will hold your coins at least until it ROI or you get some profit from that.
2. You will sell immediatelly all of your coins and move your money to other coins.
3. You will sell some of your coins and will keep the rest until price bounce back
And
4. You don't care with the price and keep your coins for years
1. You will hold your coins at least until it ROI or you get some profit from that.
2. You will sell immediatelly all of your coins and move your money to other coins.
3. You will sell some of your coins and will keep the rest until price bounce back
And
4. You don't care with the price and keep your coins for years
I think all of those suggestions is explained well, but in my own idea about it some certain aspects will matter like keeping you coins for years. Not necessarily you keep it for years, because that's too long for the coin price to gain it's price back. You should have to monitor your holding always because price of a crypto currency is really moving fast and unpredictable most of the time, it may rise or spike it's price within a day and fall back immediately. Maybe it's just a case to case basis before applying all those ideas mentioned like selling you coin's just to gain profit with other cypto coins, because you really needed focused thinking before reaching that specific decisions.
when the price goes down hold the bitcoin you already have and buy another bitcoin with the low price then wait until the price goes back then sell
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?).
HOLD , i will try to explain you in detail.First of all dont try to compare and study Altcoin and Bitcoin, if you ask me nowadays they both dont have that much amount of colinearity. dont think that they both are inversely proportion to each other, past few weeks i have observe that bitcoin is doing good but altcoin is struggling that's a bad sign for pattern traders or trader who do pair trading.
coming to next point what should you do when prices are falling. first identified why the prices are falling.I mean to say identify whether it is reversal or pullback. if it is a short term pullback in trend then you can hold your longs but you cant short there. And if it is reversal then you need to book your longs profit and also you can short here.
So how to identify whether it is a Reversal or Pullback.Simple first try to predict whether the fall is forming heavy and strong candles which indicates reversal or whether it is forming small and weak candles which indicates signs of pullback.Also add volume indicator for confirming the reversal or pullback. Pullbacks will have low volume while reversal's will have big and strong volume behind the candles.
hope it help
Don't panic when there is a fall down in prices as sooner or later, bitcoins will definitely recoup the loss. However, in case of altcoins, just dump them and join BTCs.
When price are falling it is a good sign and an indication for traders handling a good capital that it is time for you to buy an altcoins. On the other hand, a trader with low capital like me, may hold the coin to secure your capital and to have a profit when the price are back to the original price or much higher.
When prices are falling you either hold or buy. You should sell if the price is still near the peak and then buy at the bottom of the low, to make the biggest profit.
Yeah. That is the best choice to do, either you hold it or buy more if you have some capital to do so. This way, you could make some profits in the long run without making any sweat and it is much safer than gambling, though patient is a virtue here since it might take some time before another PUMP after a huge DUMP.
When it comes to trading, it is very important to sell high and then buy at low price. Other than that, we can also hold especially if we don't need the money at that time. Another thing, what we should do is to hold our emotions. In trading, our emotions can easily be played off especially when monitoring the market price. If we are not able to hold or control it, a sudden change or decrease in the price might make you click the sell button.
Trading without caution and most importantly without knowledge will surely leads to loss opportunity in gaining profit
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!
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!
I agree on this totally. The only problem I've encountered to apply it in real life is to have finished my available fund for buying the dips.
there are 2 possibilities when prices are falling, sell if you panic and hold If you trust. some people still buy when price is falling with the very cheap price
When prices are falling you either hold or buy. You should sell if the price is still near the peak and then buy at the bottom of the low, to make the biggest profit.
Yeah. That is the best choice to do, either you hold it or buy more if you have some capital to do so. This way, you could make some profits in the long run without making any sweat and it is much safer than gambling, though patient is a virtue here since it might take some time before another PUMP after a huge DUMP.
I think the best thing to do is to buy some and hope for its price to pump up,
If you already have some just hold it and wait for your aiming price.
Absolutely. But this thing comes up with experience. If you talk about Bitcoin, you should buy as many Bitcoins as you can without even having a second thought. This will for sure give you a lot of profit in the future. Meanwhile be patient and do not sell the Bitcoins which you already own. If you already have some just hold it and wait for your aiming price.
Hard to tell. Depends on the scaling option taken by the bitcoin community.
Hardfork and we have problem of split coin with a second bitcoin just like ETH and ETC. And the bitcoin price might drop to sub 1000$ .
Softfork (UASF) and we maintain one bitcoin blockchain, and the prices goes to the moon ! Anything above 4000$ .
Best of luck
Hardfork and we have problem of split coin with a second bitcoin just like ETH and ETC. And the bitcoin price might drop to sub 1000$ .
Softfork (UASF) and we maintain one bitcoin blockchain, and the prices goes to the moon ! Anything above 4000$ .
Best of luck
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