In a falling market, you can do two things. The first is just waiting. The second is that you can sell coins before falling to buy them later on the bottom. So you can increase the number of your coins. Which option to choose
- it's up to you.
Topic: what you should do crisis time in trading ? - page 13. (Read 2291 times)
Hold.
This is the only reasonable thing to do during this storm. It will not end soon.
Hodl tight, my friend
Easiest thing to do and the safest as well. Anyone who cannot learn how to HODL in the crypto world will only always end up panicking for no reason at all. It is always good to let the market do whatever it is set out t do at any point in time. Most of the time, it always get back on track and bring even surplus with it as we start heading back to the moon. I believe this market is getting to that period soon. This is the only reasonable thing to do during this storm. It will not end soon.
Hodl tight, my friend
I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?
That is the result of improper management of money. Whats best thing to do in this case is to stay away dont sell your assets in loss. You have to know that the market will recover soon and what you are holding will be worth.
In times of crisis then definitely we should try to control ourselves financially like not being extravagant with stuff that are not useful and to only buy what i really needed. We should be humble and be contented of what we have and avoid being envy to others. In trading, as i always suggested learn to control the emotions and be always patience in waiting.
I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?
By managing the risk of course and taking occasional profit. First, everyone should apply the golden rule: never invest more than you can afford to lose. If only they aren't greedy and follow the rule, they wouldn't be so frustated and just have to be patient waiting for the next moon ride. Traders also need to remember to take some amount of profits when they gain a big amount, take enough amount to make sure they can cover their basic needs for the next 3 or 6 months. This will make them less emotional and less sensitive to price changes as it won't affect their daily life.
Just like what every trader does, hold their coins until such time when the market is able to recover. The problem with most people who invested in cryptocoins is that some can’t wait to gain profits and they think just because the market is down trending they feel like it’s the end of the cryptocurrencies and the result would be selling their coins while at loss; making them lose more money. Just hold on to your coins if you can, if not then you shouldn’t be trading in the first place.
I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?
Well because many people think that trading is very easy and can make profit by just buying coins so others getting frustrated when the value goes down. In times of crisis like dumping of some coins, bettter thing to do is HODL your current coins and be patient. Then buy again some coins to make profit if the crypto market started to pump.
I use gunbot, since it is a "bot" that has no emotions, it just sees these crisis times and goes "wooow cheap coins" and buys, and even if it gets lower it will buy even more to even the avarages.
Without the "human" element, trading during these times is quite profitable potentially.
Nonetheless, I am very optimistic that those red days are gradually coming to an end. Also, I have been hearing a lot about gunbot and have not really taken time to consider it, maybe now is the best time.
Even if it is difficult, be patient, keep your mind clear in all situations. Many people did not control themselves during the crisis and they got worse when they were confused. So keep your mind as stable as possible.
I remember when I used to think like everybody when it comes to trading, buy low and sell high, then I ended up flopping big time, and then I started looking for ways I can get help then I bumped into pump and dump groups on telegram, then that even worsen the whole thing, then I graduated to signals group, and then things changed a little bit but in downtrends, I could not make decisions on my own, and still flopped badly.The short of the story is if you do not have trading knowledge, you cannot make decisions on your own, your mind will never be stable and you will get it wrong. So best thing is to just hold and get out when you have enough profit while learning during these periods.
I think we should completely halt the trading in crisis situation because it is not good to approach the trading in such extreme volatile situation. I mean it is okay to trade when the market is volatile or something closer to that one. But in situation of crisis it could worsen your trade method and thus you may incur with more and more loss that could have been your profit while you were doing the same trade at the time of normal conditions. Crisis is time during which market is already playing real low and if you disturb it even further down then it would be real hard to recover from such situation. So think twice before making any kinds of trade in such period.
I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?
Hav you ever wondered why people around us keep saying that you hold the money that you owe even when the bad situation arises at your door step. They say this for the same reason that we are discussing here and thats money management. There is no best way to manage your money than having some extra patience in the time when you have got nothing to win but everything is at stake. If you go for selling your crypto currency when it is in deep red zone then im sure its none of your use as you will end up loosing and nothing else. If you save it for later and if anyhow the market bounces back then it is your own benefit thus it proves the whole point.
crisis time is great time not to hurry and just to collect quality altcoins. You should keep in mind that there can be a long way while market is flatting. So you can reserve some part of your money for buy and hold and another for active intraday trading
Anyone who ends up hurrying during downtrends like this to panic sell after holding already for a very long time, then they will end up not reaping the fruit of their patience. This is not a crisis and even if we want to see it as a crisis, one way or the other, the bear either gets tired and wear out or in the case of the bulls, they either get tired or wear out as well. But one thing is that the market cannot just continue on a single trend. 
...just don't move!
Don`t move and just pile up more, that is good strategy for first and beginning of the second quarter of this year. Wait for summer, when summer comes I think situation will be reversed, price will start to rise more then it drops. This is not the first crisis we have here, after few ones you get use to it and you don`t fall in panic and sell now. In this times I`m concentrated on researching, some of the altcoins will go x100 when next rise comes, some of them like cardano, or nem, or some other very cheap altcoin will skyrocket from cents to 30-50$, that always happen, which one will be the next one.
For me, I think the first thing that you need to do is control your emotions. We all can relate to that, you know. It is because I lost more than 70% of my total value in all of the coins/tokens that I am holding. I thought that it will finally skyrocket to the moon, that's why I was so confident until the regulation fears came up and the FUD starts to rally.
I stopped looking at my Blockfolio or Delta app because I don't want to feel down because I want to focus on what I've been doing to sustain myself and increase my net worth.
I stopped looking at my Blockfolio or Delta app because I don't want to feel down because I want to focus on what I've been doing to sustain myself and increase my net worth.
crisis time in trading when we see our investment assets were reduce because the price dropped and if you were investing at major cryptocurrency such as bitcoin i think the best move is remain calm and hold your bitcoin rather than being panic or sold your bitcoin cut your loss is quite bad option
...just don't move!
Simply, you must be patient and do not rush to make decisions which you may regret in the near future. Furthermore, it is unfortunate about what happened in this period of great crisis in the market and many currencies are in full decline ( like, Bitcoin, Ethereum, Ripple..). And I think this is one of the best opportunities to buy from weakness of the best currencies on top 20.
On the other hand, you should not believe the fake news of the media and few traders and only you must deal with this difficult situation with a smart strategy. Moreover, If you behave well in this crisis then your earnings will be very acceptable in a long term.
On the other hand, you should not believe the fake news of the media and few traders and only you must deal with this difficult situation with a smart strategy. Moreover, If you behave well in this crisis then your earnings will be very acceptable in a long term.
I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?
There are quite a few solutions that you can do in order to reduce the amount of loss.Many people doo struggle while trading as they start trading without any knowledge.I know quite a few of them,who don't even know how to read graphs of trends.That's is the issue because once you start exploring things which has happen in the past you predict what will be the next move.Another most important thing is always be updated with the latest news around the world.As news has great impact on the market.And last one planning of selling.You should know when you have to sell your stakes as some people are FOMO's and they get huge losses.
hold maybe the best thing to do...because the more you sell,the more you get loses...be calm and search more...dont listen to fake news
we can't do nothing except wait & watch. Always keep some fund for this crisis time. Because crisis time is the best time to buy some good coin at lower price.
Yeah, its either we hold on it or increase your holdings by buying at a lower price. Dumping market can be a good opportunity for everyone if you know how to ride on it, and or course the risk are there. If you don't have any idea on what to do, better to be more patient and just hold.
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