what you should do crisis time in trading ? - page 7.

Omega Weapon

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Quote from: ariyzt on May 09, 2018, 07:33:03 AM

stop watching my ballance is one of my way to survive from crisis
coz whenever i saw my ballance i feel frustated
we can't do anything except watch and wait
Keep HODL

This may seem to go against logic but this is the right call, there are many people that got bitcoin when it was very cheap and then they forgot about it and then one day many years later they remember that they had some bitcoin and became millionaires, if you are very worried about what's happening in the market the best thing is to forget about it especially if you invested in a coin like bitcoin.

ArkiCrypto

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Well if you do have a behaviour like thin in Cryptocurrency Trading I suggest that you should stop and get out of trading instantly. Trading requires a technical analysis, strategies, etc. and the emotions of people can't do anything in trading.

A trader must have a peace of mind, he/she should know his/her consequences when he/she invest into cryptocurrency trading. Also a trader should have enough knowledge about strategies, reading graphs and has a backup plans. For example:

• If I buy low price coin and continues to drop, what should I do?
• If I buy low price and it increases, When do I sell it?
• What strategy should I use?

Some people are happy to see reds in market and some are not, well it depends on the perspective of the person but if you let your emotion controls you in trading I would suggest that: Just go to sleep and don't mind your coins and just wait for 6 months to 1 year and withdraw it. If you can't really handle the market it is called (Long term Investment)

krankNL

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Quote from: joeperry on May 10, 2018, 03:39:32 PM

Quote from: 007 SHIELD 007 on March 13, 2018, 02:37:19 PM

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?

In the time of crisis, the worst decision will be panic selling the coins. One should be patient in such time and try to hold as many coins as we can and wait for a pump. You can even earn profits by buying the coins in cheap prices at the time of crises as there are many panic sellers out there in the market how will sell their coins and you can buy those and earn huge profits when the price pump up again and also not lose your investment.

Crisis is a wide term here, it represents a serious situation, more serious than market price corrections and market crashes. We didn't see a serious crisis for the coins so far. Only ones were market price corrections.

jamesclark

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Anyways, crisis time is completely an awkward situation, where most of cryptotraders lose their control over "what we should do right now"

joeperry

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Telegram: @jperryC

Quote from: 007 SHIELD 007 on March 13, 2018, 02:37:19 PM

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?

In the time of crisis, the worst decision will be panic selling the coins. One should be patient in such time and try to hold as many coins as we can and wait for a pump. You can even earn profits by buying the coins in cheap prices at the time of crises as there are many panic sellers out there in the market how will sell their coins and you can buy those and earn huge profits when the price pump up again and also not lose your investment.

bitcoinzen

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at the crises time we should nt act panic and sell those coins we should analysis the news and check the right movement for exist strategy that is golden rule for every crypto holders

NutMasterTardd

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If you have bought into a decent project with active development just stop looking at the price for a few months. Most traders are idiots and panic sell at low prices while whales and smart traders accumulate cheap alts at the bottom. A loss is only temporary until you have made the trade.

Harley_Quinn

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❤️❤️❤️

Usually during a crisis, I like to buy a coin. But for this purpose it is necessary to understand that always there has to be Fiat for purchase at low prices.

jamesclark

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For sure this should be integrated in the investment plan before taking any step to do on this field

ariyzt

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stop watching my ballance is one of my way to survive from crisis
coz whenever i saw my ballance i feel frustated
we can't do anything except watch and wait
Keep HODL

yanesna3

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Merit: 100

Quote from: nguyenkhanhhung14 on March 13, 2018, 03:24:18 PM

In crisis time, the most important thing that everyone need to do is keep their emotion as usual

. At that time, a lot of people often feel nervous that why that made a lot of wrong decisions and lost so much money. Beside controlling emotion, if they don't think that they're good enough to earn money at crisis time I think holding is the best option

In crisis times, try to trade and invest less. Better go on holding the cryptocurrency for a long time. Get a mining farm, and have an income from it. Go on to deal with Bounties and earn there a lot.

yesss

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Quote from: 007 SHIELD 007 on March 13, 2018, 02:37:19 PM

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?

The market is showing signs of severe crisis from late 2017 when bitcoin price reached $ 19800. You can see that bitcoin prices are constantly decreasing and there is a time when it's down to more than $ 70 in value, so I'd say you should start withdrawing from the market and if trading is profitable should draw usd immediately.

parthgajjar

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Quote from: 007 SHIELD 007 on March 13, 2018, 02:37:19 PM

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?

When the market falls into crisis, what you should do is to do nothing at this moment, the market is constantly fluctuating and difficult to predict, so to be able to trade successfully and not be. At the moment, the market is in a strong downtrend, bitcoin and altcoin prices are constantly falling. Please wait for the market to stabilize again to be able to start trading again.

supercanada1

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Quote from: mabell943 on May 07, 2018, 05:14:22 AM

The best thing that you can do in crisis time in trading is to hold your coins to be safe and also to buy new ones with a lower price to be profitable also even if it is a crisis time in trading business.

That in my opinion is the least thing that a trader can do at the time of downfall. Obviously, if he will sell out his coin when the price is low, nobody can save him from loss and he will also lose a big opportunity of becoming rich. The right action that a trader is obliged to take is buy more coins. It is always preferred to buy a coin at low rates and sell out when the rate grow really high.

Omega Weapon

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Quote from: ItsEzMkay on May 01, 2018, 06:20:02 PM

Make a plan and stick to it. If you have no plan of course you are going to make bad decisions and feel anxious. But if you have a game plan you can execute it flawlessly.

I agree with this, there are many people that investing crypto currencies hoping for the best and while I am also expecting that the best scenario happens and to earn a lot of money with bitcoin and my investments in other coins, people need to have a plan just in case things do not go accordingly to what they were expecting that way when something unexpected happens they are not going to panic and take bad decisions.

Leonard2016

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We need to accept losing is a part of trading , I would rather to call ie experiencing instead of loosing, We experience a lot , And we learn,Learning is one of the fundamental of winning .

mabell943

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The best thing that you can do in crisis time in trading is to hold your coins to be safe and also to buy new ones with a lower price to be profitable also even if it is a crisis time in trading business.

usama98

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Quote from: 007 SHIELD 007 on March 13, 2018, 02:37:19 PM

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?

In trading the key points to success are patience and holding, Cryptoworld is full of risks and nobody can ever reach on its peaks without experiencing the losses.. So in a sitution of crisis you should just hold your assets and wait for the right time with patience.

Jesabela04

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BountyMarketCap

Quote from: 007 SHIELD 007 on March 13, 2018, 02:37:19 PM

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?

Since crypto is unstable , there are really shaky instances in our trading journey that might let us feel hopeless and doubtful. However, it is really the perfectbtime for us to hold and just wait for the perfect timing. Panicking won't help us for better but would just ruin our trading journey.

dsaijz03

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Don't put all your money on trading because you will end nothing specially if you do not know you are doing in trading, do not be frustrated if price down as long as you are holding potential coin, keep holding,just wait until you it rise.

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