What to do when the market is full of red - page 7.

humanCNC

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Quote from: sakkosekk on October 27, 2017, 07:37:43 PM

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

If you bought some altcoins and they are falling, then I think you should consider the altcoins you have bought carefully and divide them into 2 groups. The first is "can recover", with this group you wait to see if the price increases again or not. The second group is irreparable, with the altcoins in this group you should accept losses and sell the entire amount that you have. In my opinion, I will deal with that.

Cosmas19154

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You must control your temper because is nature of cryto it most go up and down, so don't panic when it go red!!

iram3130

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Depends on the type of the altcoin. Some altcoins which have a proper purpose can still be traded every when they're red but shitty altcoins is the tough luck here. I prefer selling at a small profit or no profit and other half should be hodling.

hitrawal91

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Quote from: sakkosekk on October 27, 2017, 07:37:43 PM

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

So loosing your altcoin sharply also indicates that you are little bit emotional and for now be careful about trading, because During trend the market turn to be more active and more number of participation use to carry on during the work. It's natural with the trading of altcoins to drop sharply and rise sharply and because of this selling altcoins at bottom is not a good idea because the altcoins needs to be selled at the resistance level than the bottom.

logicgate

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Quote from: frmracc on October 28, 2017, 07:10:01 AM

Quote from: sakkosekk on October 27, 2017, 07:37:43 PM

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

I know what that feels man, i'm also a trader and sometimes i just wanna cut loss when it happened to me. When the market is full of red, the first thing i do is find the information why the altcoin price is dropped then if something big happened i will all my coins before it more worse. If not that big i choose to hold more.

It seems you are experienced in this field. Nothing is bad for you in this world. Same, if you come in crypto world, everything will be working for obtaining your goal if you are going with right intention and hard efforts are there in the scene. No matter whatever happens with bitcoin, there will surely come to the original price after that dip. Believe and don’t sell being panic.

Nisharawal

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Actually you are going exact opposite,always try to sell when it is at top near resistance and buy when it is at bottom near it support.I think you don't plan your trades as you don't have good trading plan. It will be best if you prepare a trade plan right from now and trade your trades according to that because when the market is trending down it is actually the best time where you can make great amount of money as everyone know fear is stronger than the greed and that's why shorter make more money within short span of time than buyers.

tobs

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Quote from: sakkosekk on October 27, 2017, 07:37:43 PM

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

Panic, sell your coins and lose money or wait, keep your coins and even or profit. I mean, if you are in cryptocurrency market for more than a month, you'd notice that the price fluctuates very often, prices drops than raises, they get all time highs and drops again. Most likely your coin will be high again if not next week, then next month. You need to keep up with the news, if it's just that the coin of your choice has some problems, it may be worth to sell it before it falls for real, but if it's just market doing it's general pumps and dumps, then don't panic.

faithupgrade

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I will share how to get profit from bloody market. The solution is Do not trade. Or learn how to swingtrade. Heres the hint. If Bitcoin will dump do not buy alts because alts will dump too. If bitcoin pumps do not trade alts bcoz it will dump too. Wait for the alts to dump then buy. Once you get a small profit, exit as it might crash again.

Quote from: sakkosekk on October 27, 2017, 07:37:43 PM

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

Oasisman

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Quote from: konco_kenthel on October 28, 2017, 07:32:09 AM

Quote from: Traslavin on October 28, 2017, 12:59:53 AM

Quote from: sakkosekk on October 27, 2017, 07:37:43 PM

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

I feel the same way too. Its when your ready to make a trading and wanted to sell your coin because you really needed to trade but suddenly you saw those red lines on the market, it was totally sucks. But due to a reason you really needed to trade because of emergency reasons there's nothing you can do but to make a deal with those red lines. But if there's no such valid reason to trade during those red lines I swear I wouldn't take the risk.

that way I think is also better because we ourselves are very difficult in predicting when prices will rise again even though ultimately the revenue is not maximized but make it all as one of the rare experiences that can be remembered to continue to provide great motivation for us in every trading.

By the way the next time you trade do not go all in like you buy only one altcoin and put all of your money in there. You would have put it on any altcoins or bitcoin so you can choose where to trade if others have those red lines. For this you could easily assured your profit is not gone.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: sujonali1819 on October 28, 2017, 12:55:35 PM

Quote from: sakkosekk on October 27, 2017, 07:37:43 PM

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

i also do like you. when alt coin goes down i feel very uneasy and i feel hesitate between sell or hold. at last when i sold my alt coin then i see price is going up smoothly. at this moment i think about me i am very fool trader who has not control his emotion.

Altcoins are not like bitcoin - first. They are fluctuating and more volatile than bitcoin. They are bound to rise and fall as well. But that does not mean that they will turn scam in the next instant. People may sell some coins and by some other coins just because their interest shift elsewhere. However in future if the market demands of a coin is big then it will rise. So like I always say, you need to be patient in the market and decide how to make profit form selling or from buying - you can buy in the dip if you know that the coin is going to rise in future.

clarkt

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Patience! Even when the red got more bloodier all that is neccesary from trader is patience. I usual have my plan b in that period.

swscowods

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Quote from: Netnox on October 28, 2017, 07:37:23 AM

Well, if the prices are down by 3% to 5%, then you have two options. If you have enough funds at your disposal, then you can purchase more coins and hold them for short to medium term. If you don't have the funds, or if you are not confident enough, then you should refrain from trading and never sell any of your existing coins.

In the world of bitcoin, there comes so many opportunities which can help you earn a very good amount of profit. You actually need to remain vigilant so that you’ll be able to cash those opportunities. Like you said, at the time when the market price falls down you go either for buying of more bitcoins or holding of bitcoins that you have. But there are so many who get panic and sell their bitcoins.

principledquince

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When the market is full of red, I take this opportunity to buy because all coins are cheap. Then wait for the right time to sell.

Apened

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Quote from: sakkosekk on October 27, 2017, 07:37:43 PM

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

Don't sell at the bottom or in lose unless the coins that you hold or have is a kind of shitcoins that after a pump it will dump hardly. If the altcoins have a good future it is better to hold and buy more if you have.

Hypnosis00

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Quote from: maydna on October 29, 2017, 12:21:51 AM

Quote from: sakkosekk on October 27, 2017, 07:37:43 PM

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

i think you need to learn how to be patience while the price is down because selling your coins at the bottom is not a good decision because sometimes the price will be bounce up again. first thing you need to learn is you need to know when the trend is up and down so you can easily to analyze when something is happen. beside that, you need to check the price in the market and you need to take a look in order buy and sell position. after you know and you can analyze what will be happen, then you can know what next that you should do.

If the market is full of red then the best thing to do is to just hold on and buy at the dips and just buy those top coins because that is the common practice of the whales and when you follow that strategy then they will get the results that the whales are getting and that is profit. So why just hold and buy the good coins when the market is full of red.

maydna

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Quote from: sakkosekk on October 27, 2017, 07:37:43 PM

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

i think you need to learn how to be patience while the price is down because selling your coins at the bottom is not a good decision because sometimes the price will be bounce up again. first thing you need to learn is you need to know when the trend is up and down so you can easily to analyze when something is happen. beside that, you need to check the price in the market and you need to take a look in order buy and sell position. after you know and you can analyze what will be happen, then you can know what next that you should do.

pawanjain

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Nothing lasts forever

The market will obviously be red at some point of time and a trader must be knowing this and must be prepared for the worst cases.
Even if the price goes down 50% you must control your emotions so that you can carry out your trade on your benefit.
For example if the price is going down then you can sell as early as possible and then buy back later at a very low price.
If the price has gone way down before you sell then you must hold as it will surely recover in some days/months . Just try to look at it with a different perspective and you will surely find a way to profit out of the situation.

Kingofbitcoin12345

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Everybody have this problem but because of experienced they manage to control it.. Don’t trade much higher than the amount you are willing to lost because at the beginning losing is just part of learning process.. Don’t try too hard and go trading first to gain knowledge how to do it not to have big profits.. Take your time and observe others on how they do it..

Pearls Before Swine

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Um, perhaps altcoin trading isn't for you if you can't regulate your emotions and make
stupid mistakes like selling at the bottom. That's no way to make money, but I'm sure
you've realized that already. The altcoin market is so volatile and unpredictable, I'm
surprised anyone makes money trading. I don't know how people do it.

You're not going to get any useful tips here, only people posting for their signature
campaigns with as few characters as they can write without going below the minimum.

Best thing for you to do is just hold bitcoin. Forget about altcoins; they're not going
to exist in 10 years because nobody has any legitimate use for them. Nobody spends
them, and only fools hold them for the long term. Get out now and get into bitcoin.

syaripudin

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Quote from: sakkosekk on October 27, 2017, 07:37:43 PM

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

It is undeniable that the mistake often made by a trader is when crypto market prices are decreasing in all types of altcoin. I think it is a mistake that often happens because of panic that traders have so they can not control their emotions. but I think when the price is down you should prefer to buy all types of altcoin available in the crypto market because usually the decline that occurs will be in the accompaniment with a very significant increase and of course you will benefit.

Topic: What to do when the market is full of red - page 7. (Read 3339 times)