What to do when the market is full of red

Kiweikoo

hero member

Activity: 1036

Merit: 500

Quote from: streazight on November 14, 2017, 10:22:23 AM

Quote from: Choii on November 07, 2017, 03:55:39 AM

Quote from: BivxiuDavi on November 05, 2017, 02:28:43 AM

Dont do that again man. When market so red, turn of yours computer or buy something. Dont sell yours coin.

Yes that's right, you didn't lose your money or bitcoin unless you sell when the market is full of red. So when the market is full of red much better to buy more and hold it for you to gain your profit rather than sell. That's a basic part in trading ( i'm not an expert but that's my opinion )

That is just the point. The market is very volatile and I always hear a lot of people complaining about losing a whole lot of cash when there is every opportunity to make even more.

Selling at loss is a decision no one should take unless it is a very small loss and you are sure of the chances of it going even lower. But once you have missed a loss of more than 30%, just hold on and find the perfect time to buy more and make a lot of profit from it.

Yeah that’s good but for me I hold my coins in that time and buy some more for the sake of profit and this techniques has given me a lot in past and in future this will give me more and bitcoin promises that the one will keep patience this coin will give him 100% profit and this is true thing to buy more bitcoin when the price chart look red this give pump to the prices and that lead toward the maximum profit and eases.

d1ceplayer

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Activity: 686

Merit: 277

Quote from: gabmen on November 06, 2017, 10:15:53 AM

Quote from: BaeNaNa on November 05, 2017, 10:32:47 AM

Quote from: sakkosekk on October 27, 2017, 06:37:43 PM

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

Keep holding, you should set a target that you want to achieve when you bought the coin, and a reasonable target based on the research that you've done not some moon target. If you have a target then you'll stick to it because you know that coin will reach the target, you can also buy more to reduce the average cost of your coin if you really believe it will become a successful project. Also don't forget to set a stop limit incase something go wrong.

Lol for your kind, the best way would be to not peek at the market. Everyone would tell you to hold hold hold and that's basically the most logical.thing to do it such situations

The market is filled with a lot of emotions here and there, so I am not always surprise when people who are not cut out for such try as much as possible to just stay a bit away from the market. Sure, there should always be a target for every trade you are in which is how you can easily get out when it is going the wrong direction and also take profit without getting too greedy.

nasibakar

sr. member

Activity: 250

Merit: 250

I prefer to hold,
Bitcoin is getting stronger and having new support,
it may be like last month,
all altcoins were dropping and BTC was rising,.... HODL and buy more right

krayzie32

sr. member

Activity: 479

Merit: 250

https://streamies.io/

There are no problem with this market. The best way you can do is waiting. They will recover soon

yanto@1977

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Merit: 100

★Bitvest.io★ Play Plinko or Invest!

Quote from: sakkosekk on October 27, 2017, 06:37:43 PM

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

Wait and see ( patience ) to find the right time to sell, that's all and just like that. I believe you not calculate ( manage ) your fund wisely. Besides that, you still don't understand real market has their own answer ( risk ). If you don't have those thing, " panic " and " loss " will become your friend. Even alt has low price, I never worry because I still have asset to cover it. Patience and good luck to you.

Bitinity

legendary

Activity: 3066

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Quote from: jeraldskie11 on November 16, 2017, 11:30:39 PM

Quote from: sakkosekk on October 27, 2017, 06:37:43 PM

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

If the market is full of red that was the time to buy but if you are bought at the high then its red now, don't sell it if you don' want to lose because there is a comeback in legit alts but you can't rolling your money for other alts, that is the disadvantage.

I do the same, when the market full of red then I will buy more but I'll chose which coins which has the best possibility to pump again in the near future. It means we should be careful in choosing which coin to buy, otherwise it may go down again and again then it will make us get negative.

FDC1412

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Activity: 140

Merit: 100

When the market is full or red, the only thing you can do is wait. Why would you sell your tokens if their value are falling? If you are buying though, it is the perfect time to buy tokens for their value may rise and you can earn some.

jeraldskie11

sr. member

Activity: 1316

Merit: 356

Quote from: sakkosekk on October 27, 2017, 06:37:43 PM

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

If the market is full of red that was the time to buy but if you are bought at the high then its red now, don't sell it if you don' want to lose because there is a comeback in legit alts but you can't rolling your money for other alts, that is the disadvantage.

RealPhotoshoper

legendary

Activity: 1050

Merit: 1001

Quote from: ipanks on November 16, 2017, 10:01:35 PM

there are something that we can do while the market is full of red which is we can hold for a while or cut loss our coins although we are getting lose. but for me, i think its good to hold and make another buy amount of the coins because the price is in the lower price so we can buy with cheap price. but if we can take a profit because we bought at cheap price before the coin is in red then we can sell it right now before the price is getting down too deep and we can buy the coins again when its reach bottom price.

Yeaa take it as your opportunity to buy everything while cheap!
But still the problem is that people usually have no fund backup! They are put everything at once.
That's why you should learn from it for future trade that you need to hold fund backup in case the market crash you can recover every losses by buying another one cheaper.

elimi

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Activity: 255

Merit: 10

At other times when you can not predict it, you must act quickly by selling your altcoin before it's too late. by doing that you protect your investment and then buy back at the bottom if you like.
This requires price observation, viewing graphs, even having alerts and also listening to the news. You have to be able to predict correctly.

BBang

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Activity: 80

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AVt57CanCYTH5JTVU8AHZVEcGZgmMaVbfS

Reduce the new coin that will enter the market, if more coins are louncing, more coin will be the red mark in the market, and if the coin entering the market with the low price of the high price coin already in the market will not sell out, just the same that means making coin die price, that's it from me, i also hope if red tnda in market is not too much

ipanks

hero member

Activity: 1610

Merit: 507

there are something that we can do while the market is full of red which is we can hold for a while or cut loss our coins although we are getting lose. but for me, i think its good to hold and make another buy amount of the coins because the price is in the lower price so we can buy with cheap price. but if we can take a profit because we bought at cheap price before the coin is in red then we can sell it right now before the price is getting down too deep and we can buy the coins again when its reach bottom price.

RenaiSHITechnology

member

Activity: 62

Merit: 10

I preferr 2 things:
HODL
It is the best one

Second 2:
Buying more

ramsdaj28

sr. member

Activity: 420

Merit: 256

اللعنة

Quote from: sakkosekk on October 27, 2017, 06:37:43 PM

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

You should not consider crypto-trading as an instant way to earn money or fast way to profit. Just like other jobs and businesses, crypto-trading is a long-term investment which needs time, effort, and patience to be successful.

Instead of watching the market the whole day, you should enjoy your life and use your day productively in other activities. Don't rush your investments to grow. You need patience and self-control in every situation, especially in money matters. There's no such thing as INSTANT MONEY. Everything needs time to grow and develop.

For best result, HOLD your altcoins for a longer time. Long-term investments are actually the successful ones when it comes to cryptocurrency trading. See what happened to bitcoin. Compare its value in 2010 and in 2017. See the difference? Don't duplicate the disappointment of the man who bought 2 pizzas for 10,000 bitcoins. Grin

Sone11

newbie

Activity: 73

Merit: 0

Controlling emotions takes alot of time so it's normal for newbies like us in trading lol. Like me it's hard to appply what I'm talking about in real trades.. A ton of practice would make the cut.

imstillthebest

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Activity: 1638

Merit: 122

Quote from: sakkosekk on October 27, 2017, 06:37:43 PM

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

its your fault if you loose too much because your just impatient and why the hell you would sell your coins if you know your gotta loose ? trading is only for the people who can wait and can control their emotions because market is verry volatile and prices are likey to drop or became stagnant at a longer time and you cant do nothing if the market is full of red or the coins are bleeding rather alll you can do is wait for them to increase or pump.

TravelMug

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Activity: 2632

Merit: 833

Quote from: dg2010 on November 16, 2017, 04:17:39 AM

I think the best way is wait. If you are not sharks or whales, you can do anything. If you think that your coin is good, you should wait until it recovers

Of course we can't do anything but just to sit it out and wait what's gonna happened in the future. We are only casual investors here, we don't have the power to influence the market in our favor. As much as we hate those whales and sharks they have the upper hand here. So you have have to sit it out and no, don't dump your coins because those manipulators will really get it while its cheap plus you have lost your money already if you sell them because the market is just red.

Kunlejoe0

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Activity: 518

Merit: 100

If you are not at loss or if your loss is minimal you could opt out completely. Thus should be done if you have confirm bearish trend if not, you shouldn't close all your position. If you are certain that good new could come out in reasonable amount of time that would be beneficial you could hold and leverage on the dip!

dg2010

sr. member

Activity: 462

Merit: 250

I think the best way is wait. If you are not sharks or whales, you can do anything. If you think that your coin is good, you should wait until it recovers

khalifa25

member

Activity: 242

Merit: 10

For me Because of the way we do enter into the market, we lose much because we do not understand how this market work. Bitcoin or altcoins trading is a highly risky investment and we need to do alot in other to understand on how this market can follow our biding. The simplex method to follow in other to make money in this market is through buying low andsell high

Topic: What to do when the market is full of red (Read 3396 times)