Topic: What would you do if the altcoin price dumped? - page 3. (Read 3562 times)
I'm not going to sell my coins at such low prices because I think that this market has huge growth rates. do not sell your coins at such prices
If the price of altcoins falls, I will not sell and wait. Making early sales will definitely lead you to lose your money. You create a logical plan about your goal. If you choose the future bright crypto money don't care about the price.
Basically, the safest way to deal with prices being dumped is by HODLing. All we have to do is wait and see whether the prices will still rise or will it totally diminish. We also need to do something in our free time and look for other ways to utilize our skills on how we can earn more Cryptocurrency. Some Alternate Coins have good platforms but they lack the support to continue their work and it is a waste of a good idea.
In fact, the decision in this case must be taken individually, depending on the specific altcoins and the current state of the crypto market. But usually I try not to sell my coins in a period of lower prices - it will be an unfavorable decision. On the contrary, with a sharp decline in prices, you need to be patient and continue to hold your coins.
yeah it depends on what altcoin had been dumps as not all altcoins worth to hold longer. This should take consideration the adoption of those coins. If those good quality alts will dumps then this will be a good chance to buy at cheaper. Everything has a purpose we should maximize those opportunity.
I believe that I would do the same thing that I am doing now, I would probably forget about this coin for a while and hope that it would give me a pleasant surprise, I am always waiting for new coins and many times I lose or earn money, as they are not exaggerated amounts I can keep calm and have patience.
I am doing nothing actually. Because i know prices will come back again same values. Generally if prices start to dump hard i am trying to calculate how much token i need to buy more and how is my fiat situation.
During all dumps i am calculating these things while holding. If price 50 percentage dump it means i need to buy more tokens if more dump need to buy more. Surely for that you need to fiat.
Becasue of that you always need to hold some fiat or ethereum for buying altcoins during dumps
During all dumps i am calculating these things while holding. If price 50 percentage dump it means i need to buy more tokens if more dump need to buy more. Surely for that you need to fiat.
Becasue of that you always need to hold some fiat or ethereum for buying altcoins during dumps
everyone would think that the current declining price would be used by large investors to purchase large quantities of coins because the current price is the lowest price of each coin and later it will increase again, I also make a purchase and hope the turn of the year will increase the price of the coin
In fact, the decision in this case must be taken individually, depending on the specific altcoins and the current state of the crypto market. But usually I try not to sell my coins in a period of lower prices - it will be an unfavorable decision. On the contrary, with a sharp decline in prices, you need to be patient and continue to hold your coins.
I think that everything depends on the project. if the project is promising then I am sure that despite the fall promising altcoins will restore its value. so I will wait for my altcoins to recover in price and not going to sell them
I have many tokens at this moment in my portfolio which are down by more than 60% but that doesnt mean I will be lost with all my investment. I have invested in only potential and good projects, so they will get green in next bull run. I have studied those coins and whenever it reached its bottom support, I bought some more.
Lately, we know the market price of altcoin weakened. Whether or not the purchasing power decreases. Please explain to me what makes you interested in altcoins? And give me an explanation of what you will do to overcome things when altcoin the price dumps?
I always work only with reliable altcoins. Their main advantage is reliability and ongoing development. Therefore, after a strong fall in prices, they usually restore their positions, and then they become more expensive. Therefore, in such a situation, I try to just hold my coins, almost never sell them during a price reduction.
For me, the best thing to do when altcoin price dumped is to hold the coins for a while or buy more of the coins at a cheaper and wait till there is more increment in the price.
Thing that people usually to do is sell it to relieve worry or you make it different for yourself. That's what I saw. If want to buy more, the bad choice is place buy order when that dump is still going on, it would be better for wait a bit till the dump stopped.
First is about in what rate I bought the coins or tokens. If the price in this recent market is too low, I will definitely hold my coins, all my coins and think of forgetting it for some months. Then, I will start by new one to buy ome coins that are worthy for trading with high progress and changes every time.
I have done a big mistake exchanging all the money for altcoins, so if the altcoins continue to fall, I won’t be able to buy more cheap coins and I’ll just have to wait for growth.
For me, the best thing to do when altcoin price dumped is to hold the coins for a while or buy more of the coins at a cheaper and wait till there is more increment in the price.
I try to invest my money in reliable altcoins in order to protect myself from such a situation with a sharp fall in prices. Although now I invest most of the money in the purchase of BTC - I am sure that even after falling prices and a long-term financial correction, it will definitely restore its former position.
I would see what coins has a good developing team and buy them on low price because there will be a chance that price will grow
Well, whenever you are going to invest, you should set up a goal when to sell and when to hold, except some special case like panic sell or buy.
Usually, I set up a minimum and maximum target and sell at that prices. No matter how much loss or profit is. But if I get a smell of bullrun I hold and also, if it is a panic sell, I sell instantly and buy at a cheaper price.
Usually, I set up a minimum and maximum target and sell at that prices. No matter how much loss or profit is. But if I get a smell of bullrun I hold and also, if it is a panic sell, I sell instantly and buy at a cheaper price.
i think that by holding altcoins you are going to make lots of profits i say more than those with bitcoin and i bet that this is and will be in future also like this .
If the altcoin price dumped then I would hold all of the coins that I have in wait for the next bull market because for me selling my altcoins at a lower price than I bought them and making losses is not an option for me so I am always going to hold them no matter how long it takes for the coins to get back up and start seeing better prices
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