What to do when the market is full of red - page 2.

BlueStackz

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Quote from: Bowly88 on November 12, 2017, 05:05:14 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

It is time to buy those coins out ther plenty of them especially those coins that are successful like bitcoins and ethereum. Because if we buy in a lower price we can sell it in much higher price if the value comes back to green. And if you fo not have the money to buy coins, probably you qill just calmly hold your coins whatever it is because you do not wanted to lose money. Just fo not panic when you see that the market are all in red because it always happen and nothins new with it you will get used to it when you are gonna be long in this.

This is a common practice. People at the time of low prices get fearful about the future of the altcoins and they deice it to be sold at the lowest possible price available. This is something that must not be practiced as the price is a subject to change always and so it is possible that it would increase after a downfall and the things would get settled down again in a desirable manner.

streazight

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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.

Snub

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I just follow my strategy. I always have breakpoints when I buy altcoins or bitcoins, so when market full of red - that means that I have alreaty sold my altcoins

Flor1982

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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

In trading we should always to apply the risk tolerance because it is hard to predict the future of every coins even you have applied a frequent monitoring thru the market trend and the news. In every trading its not about always gaining but we should also think that there is always the possibility of losing because digital currencies are fluctuating therefore be patience and make peace with your losses so they wont disturb your future gaining.

Bowly88

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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

It is time to buy those coins out ther plenty of them especially those coins that are successful like bitcoins and ethereum. Because if we buy in a lower price we can sell it in much higher price if the value comes back to green. And if you fo not have the money to buy coins, probably you qill just calmly hold your coins whatever it is because you do not wanted to lose money. Just fo not panic when you see that the market are all in red because it always happen and nothins new with it you will get used to it when you are gonna be long in this.

Victorycoin

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Quote from: dothebeats on October 28, 2017, 03:08:29 AM

All reds in crypto markets is a blessing since you can buy coins at a discounted price and can sell for a higher profit in a short amount of time. If a market is proven to bounce back after several beatings, it would be unwise to sell at a loss. Patience is a special trait that one must possess in trading cryptos.

I prefer to see it this way instead, "most stable coins in red" is a blessing since it's an invitation to buy a confirmed earner at a discounted price. That's exactly what Warren Buffet recommends to traders/investors, "Be fearful when others are greedy and be greedy only when others are fearful." Most guys from Wall Street are whimpering and day dreaming of the day, especially Bitcoin would go deep down in red, guess why?

danherbias07

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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

Aint we all.
It is not easy to take it when you are looking to a coin that you have been supporting for a long time.

What else could you do?
Patience. A lot of it. That is all we have to fight back. Maybe spreading more news about how good the altcoin could be if only supported more. Then wait for the feedback in price.

karungbitcoin

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If you full time trader, should be cut loss when droping 10% but if dont have time to trade and found the market on the bottom or drop more than 10% already for the better just hold it, because this volatility market that always like this. The market will be back to normal again later.

sparveenat

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When the market is full of red I don't get panic I will always look for the fact sheet either it is for temporary or serious issues according to that only I react. Which is required. If we take decision in emotional way we loose what ever invested.

jonatuzc

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Quote from: Victorycoin on November 06, 2017, 12:26:53 PM

Quote from: jacee on October 28, 2017, 12:02:58 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

Selling while it's red is a bad move. I mostly do that before but now, instead of looking at the market dropping, I drop my phone and go out to relive the stress of seeing my portfolio drop. Recently I have sold half my coins at half of the price it currently is now because of loosing temper and because I thought it will keep droping but I was wrong. It's best to keep coins and hodl them for longterm if you want profit.

If most of the coins are in red, then there must be a very strong fundamental behind that and the best step to take is to first ascertain and analyse the news/event behind it, to effectively evaluate one's options. Just like now, almost all altcoins are down and that's because holding Bitcoin in wait for the November 16th hard fork translates to free money and people are out to grab as much as possible. At that, it should be obvious that the prices of altcoins would rally again soon after the Bitcoin hard fork and selling off now at their low prices would mean a huge mistake.

Hold your bitcoins if you are in for a huge profit in the later time. Because sooner or later the value will take a boost just like it did in the current year.

So for me, I'll hold my coins and wait for the perfect moment. Now there is a good chance that the moment might never come but when it comes I'll be winner at the end of the day. It's all about long term investment. And this also help in short term also so all on you.

carlisle1

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Am holding my alts when market is red.and wait till some of my coins go up.even if sometimes im tempting to sell them im controlling my temper and putting in mind that everything will be back soon.even if that soon took a long.still mind set is indeed and besides we are the one who will loss in our investment if we do sell in lower price

Kunlejoe0

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Emotional intelligence and serious self control and discipline is all you need. These attribute will not just fall on you, you have to learn and develop them. One of the best place to develop these attribute is not on exchange while you are trading. You can join paramilitary and some religious organizations to learn and develop these attribute.

el kaka22

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Quote from: n691309 on November 07, 2017, 03:12:02 AM

Quote from: eaLiTy on November 05, 2017, 06:53:51 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.

The best part about a bleeding market is that,it is the best time to invest in good alt coins,you do not invest when the market is rising,you always plan on your investments when the market goes down and that is the basic principal you have to follow while investing,it not always about selling,if the coins you purchased goes down,wait for the market to settle down at the bottom and average your loss by buying more,but make sure you are investing in good coins.

Investing into altcoin is not that much beneficial go for the best coin every time it will give you a chance to generate huge revenue and if market is red this is the best chance for me to buy bitcoin because after every dump there is a pump and that pump will last for maximum time and now this is happening, those who invested into it in good time and now they are achieving good piece of profit and I will do same.

Going for the best altcoin still do take some research. It is very necessary just as you have said because you would not want to end up with a coin that would give you a whole lot of heart break later on.

Some altcoin have great prospect and have people's support, but due to the fork, a lot of people as we know had to quickly dump them for the mean time. However, the chances that these coins would pump back quickly are quite high after the fork, and every trader would definitely leverage on it. It is just the faster you are in getting in, the more chances you have to make more profit.

BlueStackz

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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

Yep! Holding of bitcoin is the most successful method of making money in the digital currencies world. People used to trade with bitcoin and gamble few years back but not now due to the high prices of bitcoin. Bitcoin has hell of potential of increasing in value in short time and this is why holding it gives you tremendous profit without any hard work. I will also suggest you holding.

icecream sandwich

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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

When the market are full of red be happy especially in bitcoins because it is the right time to buy bitcoins do not panic that much. We all know that their prices always rise back up especially bitcoins and ethereum because that two is the one that I always monitoring the price. For me it is a great time to buy and hold because i am sure that after a month my momey will surely grow and will have an easy income. It is pretty risky though

romecheo

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On trading, when everything turn in to red, that was time to buy more, keep your coin/token on HODL. Relax yourself and don't put pressure on yourself.

If you we're sure more than a 100% that the coin your HODLing was profitable, no need to get worried.

suzanne5223

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Quote from: stepwilli on November 07, 2017, 11:49:04 PM

Quote from: matchi2011 on November 04, 2017, 06:53:24 AM

Quote from: ddurand on November 04, 2017, 06:46:39 AM

If you are not a good trader just wait and Hodl. The price will get up if it's a valuable coin.

Even good traders know that when there's a bloodbath, it's always better to just remain steady. There's really not much to profit from if that's the scenario and definitely you're going to end up with losses if you pursuse stubbornly. Patience is money when you're trading.

Holding alone is not well buy at that moment that will give u a capability to earn more in future and one thing is sure that dump also work in favor of investor and mostly are not getting benefits from it, I also buy at the time of red market because I know that the prices will start riding soon and that time will be very beneficial for me so holding and buying is the best option in the time of dump to achieve big ahead.

Stepwilli, holding alone is good in the situation of not having the money to invest into cryptocurrency when the market is full red. But, I do like to buy bitcoin when the market is full of red. However, I think trading of cryptocurrency is not everyone because selling of coin when there dump make no sense cause pump in price will always happen sooner or later.

Frank0209

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I think it's good time to buy but you need to decide which one will you buy

) There are a lot of cryptocurreny but not all of them are good so we need to find out the good one. Bitcoin is always the best option but its price is really high for now so if anyone want to make profit with small amount of money at that time I think they should better choose some other altcoins with lower price. For me I think almost altcoins at the top 100 of coinmarketcap.com are the best option.

rickadone

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Quote from: Victorycoin on November 06, 2017, 12:26:53 PM

Quote from: jacee on October 28, 2017, 12:02:58 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

Selling while it's red is a bad move. I mostly do that before but now, instead of looking at the market dropping, I drop my phone and go out to relive the stress of seeing my portfolio drop. Recently I have sold half my coins at half of the price it currently is now because of loosing temper and because I thought it will keep droping but I was wrong. It's best to keep coins and hodl them for longterm if you want profit.

If most of the coins are in red, then there must be a very strong fundamental behind that and the best step to take is to first ascertain and analyse the news/event behind it, to effectively evaluate one's options. Just like now, almost all altcoins are down and that's because holding Bitcoin in wait for the November 16th hard fork translates to free money and people are out to grab as much as possible. At that, it should be obvious that the prices of altcoins would rally again soon after the Bitcoin hard fork and selling off now at their low prices would mean a huge mistake.

Right. Usually all altcoins don’t usually fall on red unless something crazy is happening to bitcoin either positively or negatively. However, reds are the moments when you wait for more of it and buy even more at a certain point for profit because, no matter what they will be stepping back up.

Also, for anyone holding an altcoin right now since before the first fork apparently should not even bother trying to sell, because that is already a huge loss. The best I would even advice is to find some funds to buy now at their dips and then capitalize on the profit from that which would compensate a lot at the end for the little losses before the previous ones grow back to that stage.

Cosbycoin

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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.

So true. There are always red coming again and again because bitcoins are most unstable currency and for this only, the high price is there at the end. Don’t just sell your coins when it is red rather wait and you have said so good, just turn off your computer until prices are coming back. Bitcoins always come back with much recovery, don’t lose hope. Wait and watch.

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