Your reaction to recent pump and then dump - page 6.

natka

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Activity: 504

Merit: 100

Quote from: Tory-Tory on July 23, 2018, 03:47:15 AM

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'm not upset when the price of an asset falls, if I count on a long period of investment. For example, my goal is to get +100 ... + 200%. So I will wait for these values regardless of whether the asset will fall by 10 or 30 percent.

Re: Your reaction to recent pump and then dump
Today at 07:47:15 AM
Reply with quote +Merit #61
Quote from: CryptoAssasin on July 19, 2018, 02:22:27 AM
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'm not upset when the price of an asset falls, if I count on a long period of investment. For example, my goal is to get +100 ... + 200%. So I will wait for these values regardless of whether the asset will fall by 10 or 30 percent

hannahboy

jr. member

Activity: 87

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Quote from: Tory-Tory on July 23, 2018, 03:47:15 AM

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'm not upset when the price of an asset falls, if I count on a long period of investment. For example, my goal is to get +100 ... + 200%. So I will wait for these values regardless of whether the asset will fall by 10 or 30 percent.

When you are not upset when the market had fallen then probably you will not be having any big opinion when the market is getting bumped in recent times. Because for the people who are believing in to the future of crypto currencies, definitely will keep calm while down trend and will buy more when seeing cheaper coins. This is actually every people here must do so that they can maximize their returns.

Xxmodded

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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?

of course you do it with haste the result is a loss, this is why you need experience and patience for every research and analysis of every situation even more in terms of short trade. I think the market will not recover quickly even though bitcoin is growing fast these past few days.

Tory-Tory

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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'm not upset when the price of an asset falls, if I count on a long period of investment. For example, my goal is to get +100 ... + 200%. So I will wait for these values regardless of whether the asset will fall by 10 or 30 percent.

Hanebel

full member

Activity: 363

Merit: 100

I am still anticipating another more dumps in the next weeks. As of now, I believe a pump is just a small pump partnered by a bigger dump. I don't see we're going to moon yet so I rather sell little amount during these small pumps and buy back during dumps. Of course, I'll still be holding most of my altcoins and only sell at the right time.

thirdkiller

full member

Activity: 301

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I can not say that I was not anticipating something like that because it is a common thing here that after small pump it goes small dump, so I'm not surprised because I waited for something like that.

Tipstar

sr. member

Activity: 1848

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There ought to be rise and fall in every market. Bitcoin has grown to a level where no small number of people can influence the price for long term so it's a much difficult task to create and artificial pump and dump with bitcoin. Though it may happen with smaller coins, the cryptomarket too would show similar behavior as bitcoin as it's largely influenced by the change in price of bitcoin.

Umkar

member

Activity: 364

Merit: 10

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?

We know that the crypto currency has a very high degree of volatility. Its price never stands still and does not have smooth movements in one direction. Of course, it was nice to see the recent price surge bitcoin, and behind him and all the crypto currency. However be upset that the price has again lowered a little, it is not necessary. Everything has its time. Vseravno already that time is close, when the market again will grow rapidly.

restrax

newbie

Activity: 75

Merit: 0

The best strategy is hold your coins and do not sell, because now market in bear cycle and it's not best time to sell something. Just wait a little bit and we should moon. Nothing new in this manipulation, so be smart.

PrivateEnemy

member

Activity: 315

Merit: 13

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My reaction? Honestly it doesn't look like pump and dump. It seems that the Ethereum moved in line with the market trend and such price fluctuations are normal for any crypto currency.

mirgo1791

member

Activity: 1022

Merit: 10

to work on focus as extending entrance to release with the expends as allocating use of limit on funds on preparedness
and collects as the number comes with results to returns with withdrawal request to personal wallet of dedicated account.

farnandezetn

newbie

Activity: 266

Merit: 0

If you are a new investor and face pump and dump then it will be a frustrating moment for you. Because you don’t have any idea about how market prices are managed.

SamboNZ

sr. member

Activity: 1064

Merit: 253

It's not new anymore and better be used to it. Just hold it until it recovers so that you can gain profit. Some people say that this market is manipulated but we really can't tell because our market is very unpredictable. Those who endure will earn but those who loose patience loses, that's just how the market works for most of us. Hopefully we could see some growth in the alts soon.

Pancho95

full member

Activity: 226

Merit: 102

It is hard and as you already said frustrating. I dont know im also expecting some jump and as it looks whenever it jumps someone sold a lot of crypto and its value go down. The problem is that someone keeps a big accumulations of crypto and unfortunately dictate tempo of growing/falling down.

Eclipse2021

member

Activity: 209

Merit: 60

The charts are saying that it was a pump and dump ? hmm I would tell that bitcoin hit a resistence price and from there it was normal to retreat back to the initiate price and look for some stability.

yhan2x

full member

Activity: 350

Merit: 100

I think it is normal pump and dump system on the market, because we dont know when the crypto market price will increase or decrease time to time. So for me still hoping that price will rise up soon. So keep holding your coins guys. 😁😁😁

Rosilito

sr. member

Activity: 658

Merit: 274

Wish for the rain? Then deal with the mud too.

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?

Well, that's normal. You are pretty late huh. Well, way back last june the price of crypto is pretty damn low. May be you had let it passed by, I guess you don't buy anything don't you? When suddenly there is a big movement, and a hope that it will continue to rise that is the only time you did buy crypto. That's wrong mate. You should buy even though it continues to drop down, and hold it so, once it goes up, you continuously earn and earn and earn more money.

beskid

full member

Activity: 252

Merit: 103

Despite the steady growth of bitcoin on July 17, when the coin has risen from $ 6,800 to $ 7,400, the new annual minimums are still ahead. The volume of trading in the first Crypto currency exceeded $ 6.8 billion on July 18. In four days, this indicator increased by 143%. In the near future, the price of bitcoin could rise to $ 8 thousand, $ 9 thousand and even close to $ 10 thousand, but ultimately it will fall almost twice. The digital money market is not enough one positive decision of financial regulators in order that the cost of the first crypto currency jumped to a mark of $ 20 thousand.

annasadia

newbie

Activity: 196

Merit: 0

You lost as in? DId you already sold those coins? I think when the price gets below your investment, it would be wise to hold your money and wait for the price to rise up. In this way you can make money in future.

iconoclast

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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 am not a trader I am a long term investor, I continue to buy Ethereum and other Alts on the dips and hold for the day when prices again reach ridicules levels like they did in January. If your a trader you need to be able to accept that you will be wrong almost half the time. Succesful traders learn how to limit their losses when they are wrong and fully exploit the movements when they right. But even the best traders will lose money on about 40% of their trades.

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