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Topic: What will you do when the market goes down? This is my advice - page 6. (Read 817 times)

full member
Activity: 784
Merit: 123
When the market is dip like last year the things to do is to keep it and do not to sell it and better to buy more bitcoin and more altcoins of the potential coin and convert it once the bull run comes this year that's technique that you gonna do here at crypto world they need to be patient what ever happen to market. Everyone for sure have different ways of what they are doing during the market is very low ..
As we know, patient will be the key to help from not losing hard but we should not make it for a long term especially for a certain coins that are really affected with the dumps. We better to sell them and used to buy with other coins(potential), and we can recover those losses it made.
sr. member
Activity: 1624
Merit: 267
When the market is dip like last year the things to do is to keep it and do not to sell it and better to buy more bitcoin and more altcoins of the potential coin and convert it once the bull run comes this year that's technique that you gonna do here at crypto world they need to be patient what ever happen to market. Everyone for sure have different ways of what they are doing during the market is very low ..
legendary
Activity: 1890
Merit: 1003
I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell ​​all ETH, BTC into Stable Coin when the market goes down
Logic works but markets are combine of both logic and emotions. Let your winning positions to go but having target requires to cut your positions after reaching limit. Stop loss doesn't work in crypto markets because of lack of liquidity. Forex market have the feature to analyze charts but applying same financial tools to this market is useless.
legendary
Activity: 3248
Merit: 1179
I wouldn't actually buy into this advice as it can also backfire in our faces,sellig your btc or eth to me isn't the right thing to do,but in trading everyone has his or her different strategies and techniques.
I prefer to hold on to my coins in a falling market rather than selling them,selling them could be the wrong decision considering how unpredictable the market is.
But different strategies for different traders

Every strategy can be good in the right moment, also any strategy can ruin you if you do it in the wrong moment. Trading is all about choosing moments for buying and selling, but if you are a serious trader than you have bitcoins and money, and gold and many other assets oh holding. People can`t understand one thing, you never trade with everything you got! You never gamble with everything you have, you need to know how much you plan to spend today and to have for tomorrow, and in case of market sudden turns you need to have other assets to cover some loses and continue.
member
Activity: 210
Merit: 19
I wouldn't actually buy into this advice as it can also backfire in our faces,sellig your btc or eth to me isn't the right thing to do,but in trading everyone has his or her different strategies and techniques.
I prefer to hold on to my coins in a falling market rather than selling them,selling them could be the wrong decision considering how unpredictable the market is.
But different strategies for different traders
hero member
Activity: 1666
Merit: 629
I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell ​​all ETH, BTC into Stable Coin when the market goes down

Since I have lost money for a long time, I now trade and I can easily say that it is much more profitable than the hodl process. I've gained so much money from this time that I have started to trade with a low profit margin, rather than targeting a large profit margin, and I would have seen that even if I had stayed in the hodl position my main money would have dropped by at least 60%.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
That might indeed be a good solution to still get profit in this bear market, but it won't be as easy as we imagine and we still need to be more patient and also seek more information and research.
For me, it is a difficult market to be able to make a profit because of the cryptocurrency price movements when the bear market price always falls and the profits can be made sure for myself when the bear market prefers to buy several coins and wait until the bull market occurs.

Well as op stated, stop-loss would really come in handy in a time like this. And i think many people are alreadty utilizing this feature since it also can add up to the decline of the price if stop-losses keep on getting hit. Waiting for the bulls to return may take a very long time that most people can't afford to do.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
That might indeed be a good solution to still get profit in this bear market, but it won't be as easy as we imagine and we still need to be more patient and also seek more information and research.
For me, it is a difficult market to be able to make a profit because of the cryptocurrency price movements when the bear market price always falls and the profits can be made sure for myself when the bear market prefers to buy several coins and wait until the bull market occurs.
sr. member
Activity: 854
Merit: 250
That might indeed be a good solution to still get profit in this bear market, but it won't be as easy as we imagine and we still need to be more patient and also seek more information and research.
full member
Activity: 686
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell ​​all ETH, BTC into Stable Coin when the market goes down


Very good trick but which one is stable coins?. I read & watch many people say about stable coins but I see they in sideways mode not because have stable value. Coins need bitcoin as their leader, if bitcoin still goes down there's no stable coins.
member
Activity: 546
Merit: 32
I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell ​​all ETH, BTC into Stable Coin when the market goes down
If anything we have to say about predicting the future and doing something today the market will not go with the prediction and we can make our prediction for true if it was only working otherwise the market will not allow you to save your investment.
legendary
Activity: 1414
Merit: 1001
I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell ​​all ETH, BTC into Stable Coin when the market goes down
Do you trust crypto? Do you believe in the future of crypto? If so, then you should wait, indeed waiting is an annoying situation. But if you can wait on the grounds that you have trusted a particular coin then you can make that decision. Some coins require time and when there is a process of dumping prices there will also be a pump price process. You can take advantage of the pump situation to be able to take advantage of momentum well, believe that the future of crypto is bright and for anyone who invests they will all achieve success.
member
Activity: 476
Merit: 10
Last year no body can predict it the price of all crypto will dumped hard and in that times a lot of trader and investor predict the price will keep going up.  But finally the price dumped hard even some altcoin going down to 99%. So we should be have risk management like use stop loss for every trade, even if we decide to hold for long term we should be use stop loss as well. 
sr. member
Activity: 882
Merit: 250
I really thought that I can see a good advise, but just the usual stuff here. Stop - loss, hedging against Tether if the coins go down. This is just the basic of trading, but for noobs this might be a eye opener, but for the majority of casual traders, I'm sure that they are using this strategy quite a lot.
If you are not satisfied with all the stuff here people shared you can try some other sites  to guide people and to give advices.  When people ask me to advise then I suggests only patience because with help of patience we can make good future and we can change lose to profit SO when price is down just buy as much as you can and hold your coin longer.
no one could help us except our self.so we have to be wise when decided to joining in this market, we have prepare our skill and mental so when facing bad condition we will not be panic.
full member
Activity: 1008
Merit: 101
I really thought that I can see a good advise, but just the usual stuff here. Stop - loss, hedging against Tether if the coins go down. This is just the basic of trading, but for noobs this might be a eye opener, but for the majority of casual traders, I'm sure that they are using this strategy quite a lot.
If you are not satisfied with all the stuff here people shared you can try some other sites  to guide people and to give advices.  When people ask me to advise then I suggests only patience because with help of patience we can make good future and we can change lose to profit SO when price is down just buy as much as you can and hold your coin longer.
hero member
Activity: 1092
Merit: 501
That's right, it's a great way to overcome when the market goes down. We can add more types of altcoins that have the potential when the market continues to decline.
Same I would tell you to invest with multi coins when you see market is down and it will take time to increase. My advice is to keep holding as time to time everything will be normal and you will be happy for holding at falling. So there are so many options for you I advice you to start purchasing bitcoin it has potential to overcome faster.
newbie
Activity: 51
Merit: 0
Hodl which basically means hold on for dear life. Most investors bail out by selling their coins and actually suffer the lost. Correction is normal after huge surge in coin price. If you stay calm, you investment will return to normal and perhaps double. Diversifying is key to avoid mistakes. Study the coins and the team behind it and invest rationally
sr. member
Activity: 2184
Merit: 470
Telegram: @jperryC
You have a point. Most of the new traders here listening to those users who always tell "HODL" if you're a trader you won't let your coins to be held in your wallet without assurance that the price might recover again right? that's why whenever you get a profit at least 5% you will now going to sell it and make a new entry again and whenever you've lost don't HODL just cut your losses and start again as simple as that.

full member
Activity: 466
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
That's right, it's a great way to overcome when the market goes down. We can add more types of altcoins that have the potential when the market continues to decline.
member
Activity: 217
Merit: 17
ChangeNOW. Non-custodial and limitless exchange.
Why would you sell during the dip? That's like the dumbest advice you could ever give anyone. You should hold and buy more, if you have the means.
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