What to do when the market is full of red - page 4.

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legendary

Activity: 1862

Merit: 1015

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.

Let's take a look on Bitcoin, when it started drop after bch forking, everybody were freaking out and panic Sell is inevitable.
Meanwhile I trust Bitcoin has potential in the future so I hold it as long as possible even though the market show red

And it proven by seeing Bitcoin reach another highest value $ 7.500++

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

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.

BivxiuDavi

member

Activity: 92

Merit: 10

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

ivanst776

legendary

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Quote from: coinholic on October 30, 2017, 05:20:45 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

Buy those coins 💰 and then sell them when they go green. This is the common strategy capitalists do in this system. Because usually, these coins rise back in a few days. But still, don't just go scooping those coins. Still need to choose wisely.

They will surely go green and most times it is always best to be patient to get a good buy unless you want to do the cost average pattern which sounds pretty reasonable too sometimes. Usually most of the coins normally go green and if you have some good money to buy when they are at dips, only patience is what is required for you to gain when they get pumped.

JTASSOCIATES

full member

Activity: 182

Merit: 100

It is up to the persons financial backup condition and the present trend of particular traded item to be decided. When ever the market is full of red we have to understand that it is getting correction so depend upon the exact traded / purchased cryptocurrency potential whether it will increase after this correction or not we have to analyze then only we can take the decision to be hold or sell. During red selling it is not advisable to sell just to hold and analyze no scope just book the profit or sell it off.

FUD Expert

full member

Activity: 434

Merit: 100

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 put it in your not to do list so you will have a reminder and avoid lose. Just remember that cryptos are all volatile so it's better if you treat as a normal thing.

Elijah.elisha

member

Activity: 196

Merit: 10

It is time to buy and hodl, long term, that is if the coin you are trying to hodl is a good one. So make sure to do your research so that you would know which coin to buy.

ceferov

full member

Activity: 504

Merit: 101

if marekt red so stoploss should work

if btc also red then wait in usd

))

Crypto_MAR

newbie

Activity: 1

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What to do? Buying btc Grin

shata

sr. member

Activity: 547

Merit: 253

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.

I don't have nothing to do but to stay calm and keep my coins in my wallet. There's nothing to worry about the market that full of red. I never do panic selling. In most cases, the market has bounced back from the crashes for several weeks or months so I suggest not to give up. It is just a natural to encounter that time because it was being part of the market.

richardsNY

legendary

Activity: 1232

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Quote from: butrsukumpanumet on November 04, 2017, 09:31:01 AM

I think you miss the basic rules in trading. Find someone who is success , he will teach you many experience that i believed you're missing them.

That doesn't make any sense. If people end up searching for an "expert" or whatever "guru", they will stumble over the sheer number of idiots claiming to sell a guide/tutorial that "guarantees" the buyer an x amount of profit every month or year. If people don't know how to trade, and even can't figure it out after them having tried it, it means that these people should stay away from trading, period. Most people here have developed their experience with trading by doing it themselves and learning from their mistakes. At first it's a losing 'game', but eventually you should be able to turn your losses into gains, but that's only when you learn from your mistakes and understand this market (as far as possible).

Rueduciel

newbie

Activity: 267

Merit: 0

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

This is make you panic but dont lose hope that it may be back soon but it is depends on coin that you are holding if you know and you trust that it will pump again then you may just sit and relax when the time that you have seen that all coin in the market are going to be red.

PokerFace3

hero member

Activity: 700

Merit: 500

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

There is no one that does not really make such mistake at some point honestly. The thing is to just have a strategy or pattern and stick to it. I personally do not hold any altcoin for long and I always have a limit to the loss I can stomach in an altcoin most especially in situations like upcoming forks that we have which obviously anyone should know that altcoins will still keep bleeding until then.

Moreover, bitcoin is fund of pulling down every altcoin whenever it is rising up, but I guess we just have to make some pretty quick decisions at some point to minimize the losses

butrsukumpanumet

full member

Activity: 392

Merit: 105

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

I think you miss the basic rules in trading. Find someone who is success , he will teach you many experience that i believed you're missing them. With that missing , it's really hard for you to be success when you missed the basic rules.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

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.

slate_main

member

Activity: 105

Merit: 11

BYTZ

It is a super opportunity to pick up on the alt coins now, any day now the most strongest offerings with real world business backing will shine through.

Patience, above all counts..

ddurand

newbie

Activity: 47

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

nasipadang

sr. member

Activity: 1274

Merit: 252

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

hold it, but I also do the same thing that is selling in order not to lose more, all options are at risk. But if all the reds are on the exchange, I'd prefer to turn off the computer and walk out to relax.

ArtPt

member

Activity: 61

Merit: 10

I do nothing. There are some market corrections anyway, but their impact on this stage is definitely negotiable. Just wait some time and most good positions will be green as usual. Or probably you can trade by fiat money in that case, but I do not see real point in it.

SastraID

sr. member

Activity: 714

Merit: 253

if i saw all red on market i better hold my coins than sell cheap
the problem is, if market red and u really need money atm Angry

Topic: What to do when the market is full of red - page 4. (Read 3368 times)