Your reaction to recent pump and then dump - page 5.

Cnut237

legendary

Activity: 1904

Merit: 1277

Quote from: CryptoAssasin on July 18, 2018, 10:22:27 PM

This is getting frustrating. I thought that we are now going to the moon because BTC surpassed $7000 resistance level and we saw that most altcoins follow. I bought ETH for $513 then now it is getting dump where the current price is $470. in just 12 hours, i lost $43. What is your reaction and strategy when altcoin gets pump?

I think patience is key. The signs are still that it will be a BTC pump followed by an alt pump. The options really are move your alts to BTC while BTC is rising, and then back to alts when BTC stops and alts start to rise. Or if you don't want to risk that, then just hold and wait. Personally I have both alts and BTC, and I don't trade much, so I'm just holding. There are better strategies, but these come with some risk.

okorocrypto

newbie

Activity: 140

Merit: 0

This is definitely not a pump and dump scenario. If you have good knowledge of the capital market, you will appreciate the fact that we do have ranging market sometimes and that is what is happening to crypto now. We should expect a breakout soon but what is not certain is if it will be a bullish or bearish breakout. So hold your coins because there is no wisdom in selling at a loss.

okala

full member

Activity: 980

Merit: 114

Quote from: CryptoAssasin on July 18, 2018, 10:22:27 PM

This is getting frustrating. I thought that we are now going to the moon because BTC surpassed $7000 resistance level and we saw that most altcoins follow. I bought ETH for $513 then now it is getting dump where the current price is $470. in just 12 hours, i lost $43. What is your reaction and strategy when altcoin gets pump?

You have not lost $43 except you sell! The future is very bright and before end of this year ethereum will be above $1,000. You patience is highly required in orther for you to be able to succeed in trading. The best thing to do now if you have risked capital is to keep buying the altcoins at the current cheap price.

NicoRosberg

newbie

Activity: 41

Merit: 0

This is just natural- Dont forget that traders dont care which direction this goes, they can make money both ways

BitcoinMaster555

newbie

Activity: 84

Merit: 0

The first and foremost thing to remember is that, the market is very unpredictable. If the prices had risen, it was not a wise option to assume that it will sky rocket to the moon. Instead of buying ETH, you should've sold yours off which were in HODL.

kiw_91

newbie

Activity: 291

Merit: 0

Please ask yourselves... is the coin I’m investing in secure, fast, scalable, great development team and community? If not... that coin isn’t going anywhere. It’s a pump and dump. Having a small supply raises the price but in reality it will never be a “merchant” coin. Invest in the coin that has the ability to be the coin for commerce. Do your research.. invest in the coin that meets that criteria. Don’t go after the advice of an investor who is sitting on a bag waiting for you to buy up the price before they dump.

real eyes realize

full member

Activity: 350

Merit: 100

I have no reaction to recent movements on the markets, because now I have nothing much to do. I want to see the prices high again, but I couldn't see a good movement in the near future on the markets and this situation is not making me happy.

mbally

newbie

Activity: 98

Merit: 0

Well I really felt bad about it because i thought we have finally arrived the bull run bus stop and i went ahead to invest in some altcoin which have since been gone down the more.

SparklesCoin

newbie

Activity: 317

Merit: 0

Actually this is a common thing in this market. Investment market is surrounded with uncertainty so anything is possible here. I do not think that this is an activity related to pump and dump. You can again see a high price tomorrow.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: w33man on July 23, 2018, 06:21:38 PM

Quote from: CryptoAssasin on July 18, 2018, 10:22:27 PM

This is getting frustrating. I thought that we are now going to the moon because BTC surpassed $7000 resistance level and we saw that most altcoins follow. I bought ETH for $513 then now it is getting dump where the current price is $470. in just 12 hours, i lost $43. What is your reaction and strategy when altcoin gets pump?

It usually happens in cryptocurrency market. As you can see there are a lot of pump and dump group where they choose coins to pump and dump. That is why whenever there is a pump, make sure to look at the recent events if there are major events that is happenong that results to the recent pump. If there is none, most likely it is just temporary.

OP has created a wrong decision to invest in the ethereum when it was getting a pump from the pumpers. In fact that i know the history of ethereum chart which it was getting dumped again from $513 to the $435 but in fact that depends on the news related to the ethereum in my opinion.

Inkdatar

hero member

Activity: 1582

Merit: 523

Quote from: antolinicio1 on July 23, 2018, 05:57:56 PM

In recent months in the market there is very unclear situation. The market begins to grow, but then it falls even below than the minimum values. I can't understand too as long it will proceed. The market doesn't grow more than half a year falls. All this is very sad. Therefore I just have decided to wait and observe from outside.

This is usually case in the market that price pump and it may dump eventually. Even it was happen we can expect of soaring high again. A lot of surprises in the market it may recover to the time that we didnt expect. Yes observing could help to calm and be patient.

w33man

full member

Activity: 462

Merit: 100

Quote from: CryptoAssasin on July 18, 2018, 10:22:27 PM

This is getting frustrating. I thought that we are now going to the moon because BTC surpassed $7000 resistance level and we saw that most altcoins follow. I bought ETH for $513 then now it is getting dump where the current price is $470. in just 12 hours, i lost $43. What is your reaction and strategy when altcoin gets pump?

It usually happens in cryptocurrency market. As you can see there are a lot of pump and dump group where they choose coins to pump and dump. That is why whenever there is a pump, make sure to look at the recent events if there are major events that is happenong that results to the recent pump. If there is none, most likely it is just temporary.

JunMel

newbie

Activity: 140

Merit: 0

Quote from: Mianae on July 18, 2018, 10:40:28 PM

I don't think is a pump and dump activity, the market cant keep going up for hours, it needs to retrace and find new support or resistance levels and build up for the next level. If you were expecting the price to keep going up and land at $1k, the retracement might be epic as well. Don't judge the market yet it is still trying to recover from the long bear run.

I have the same thought, this how crypto market cycles run. Came from red it will be green and red again so on a d so fort. But I think that's normal what we are waiting is the bull run time and I feel it will come soon. So if you lost today just tighten the belt, be patience and wait for the right time to gain good profit.

bionicl34

newbie

Activity: 131

Merit: 0

I knew it would be so I didn't invest. just profit from trading in the market.

askmecrypto

full member

Activity: 406

Merit: 109

Quote from: CryptoAssasin on July 18, 2018, 10:22:27 PM

This is getting frustrating. I thought that we are now going to the moon because BTC surpassed $7000 resistance level and we saw that most altcoins follow. I bought ETH for $513 then now it is getting dump where the current price is $470. in just 12 hours, i lost $43. What is your reaction and strategy when altcoin gets pump?

First thing first, stop chasing Pumps and dumps. Read the charts and accumulate when the alt is at low position. The biggest mistake new traders make is by buying at peaks when the alt pump thinking that the alt season has began.
My strategy, keeping patience, finding support lines and resistance and buying at around support lines, if the alt fall below, rebuy at the next support lines. In this way you make your buys partially, similarly you need to keep your sell orders at resistance level, again partial orders and not the full order as if the resistance breaks, next resistance becomes around 10-25% above the current one and you can loose huge profit opportunities.

If you are trading minimum TA knowledge is mandatory.

drlukacs

sr. member

Activity: 854

Merit: 253

l0tt0.com

At present, the exchange rate of BTC is on the upward trend, and ETH is declining rapidly. The current market is set to bull market, and you should hold BTC until the altcoins rise so that you can invest in altcoins to make a big profit. The investment strategy is to invest only when the exchange rate touches the bottom.

antolinicio1

full member

Activity: 518

Merit: 100

In recent months in the market there is very unclear situation. The market begins to grow, but then it falls even below than the minimum values. I can't understand too as long it will proceed. The market doesn't grow more than half a year falls. All this is very sad. Therefore I just have decided to wait and observe from outside.

KingKongBong4152

newbie

Activity: 70

Merit: 0

The situation in the market is quite frustrating right now. But as we all know, they are always fluctuations in the cryptocurrency market. I hope soon the prices will start rising again. Until then, you should hold onto your coins.

FreddySelvig

newbie

Activity: 125

Merit: 0

Quote from: CryptoAssasin on July 18, 2018, 10:22:27 PM

This is getting frustrating. I thought that we are now going to the moon because BTC surpassed $7000 resistance level and we saw that most altcoins follow. I bought ETH for $513 then now it is getting dump where the current price is $470. in just 12 hours, i lost $43. What is your reaction and strategy when altcoin gets pump?

The first thing you need to understand is because of what this pump has happened and whether there are any fundamental reasons for this. It's easy to determine when a coin rises sharply without any news this is the usual manipulation. In this case, it is better to sell your coins, because the price will fall. And before buying you need to think twice to avoid losing money Wink

Destroyeroff98

full member

Activity: 574

Merit: 102

Quote from: CryptoAssasin on July 18, 2018, 10:22:27 PM

This is getting frustrating. I thought that we are now going to the moon because BTC surpassed $7000 resistance level and we saw that most altcoins follow. I bought ETH for $513 then now it is getting dump where the current price is $470. in just 12 hours, i lost $43. What is your reaction and strategy when altcoin gets pump?

I think you should wait a little while and the Ethereum price will increase. This also applies to all the Altcoins.

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