Bitcoin Forum

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.

I like this strategy. Point no. 2 imo is very important and I can't imagine investing into crypto without this point unless you aren't professional, you can never be sure what happens. And when you got information that one of coins is going to rise alot, you won't sell other crypto at losses at bear market to invest into this, but you will use your intial investment. Great idea

I really liked your approach towards 'crisis periods' by going on a vacation with family and enjoying some sunshine Cheesy! None the less, step 2 is the hardest to come by since there are no reliable coins which can definitely go '2x' in a given period of time and choices made becomes the determining factor. Step 3-8 seems like a totally legit strategy except for a change in step 7, where I would regularly check my portfolio, clenching hard on every refresh to see if the numbers have gone up.

Just HODL and control your emotions, nothing else is required at time of crisis.
A good trader will never lose his/her cool even in the tough situations as like now happening in the market.

2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".

These two things is my common way on handling on these kind of situations on where i do always pull out initial investment and leave out the profits and re-roll it and if im profiting then save up for back up funds. It do really help me on these kind of situations specially when theres a crash.

haha, that's really good idea and advice. But at first what I want to say is that investing of money which we can afford to lose is bad idea. For example for me it's 100$ because I am a person who has 800$ monthly wage (for example, not actually me). Does it has any idea to invest? I think no because it's not something that can give me valuable profit and also for some people 100$ is a lot too. So what you say would suit best to rich people who can lose 10K and more without worries.
On another hand I agree you in some aspect, have a rest can make you free from stress and it may hel you to make good decisions.

Just like to point out that for a newbie trying to enter the world of crypto via investing, they should know the risks beforehand so that in case of the dip, they will not be worried and will not need some pointers like that.

Honestly, most newbie just entered because they saw others getting profit. But they didn't realized that it's not all about investing then they will sleep waiting for profits. If they understand the risks they are entering then even with the market bloodbath, still they will not be worried much about their dropping portfolios.

"in times of crisis" i search airdrops, it's not much Money, but it's Money :) ;)

Regarding step 7 - yes, I have made it as a joke..... well not really a joke, but more of a relaxation post. That's why I kept the word "irregularly". I am constantly re-checking mine too, but my point is - you shouldn't do it way too often, it becomes a sickness after some time.
Regarding step 2 - well, I agree to disagree. During last two months, most of them have gone at least 2x up, but you are right in saying that this doesn't happen all too often. Maybe you could achieve this by combining some airdrops with bare money investments?



I do agree with you. But, no matter whether it is a joke or not, I made a "no-stress" strategy. The moment you invest more then what you can afford to lose you have beaten its purpose. It also depends on your goals and if you can find a suitable strategy to achieve your goals without over-investing yourself.

What I wanted to say is - yes, you can invest a little bit more, but for the sake of God, don't gamble, never gamble.

7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.

Lol How long it takes for market to recover and rise? do you think 3-4 weeks? It might take years, so you probably need all of your funds for this long travel  :)

The only strategy is to go cash !!!!!
If you still want stay in crypto - then purchase some coins backed by physical assets linked to a share of some commodity or real working platform.

Most newbies doesn't really know where to start that's why they tend to invest carelessly without even knowing how to do gain it back. So, there should be a guide for newbie first before applying these strategy and i like these strategy because i have been using it the way i handle my holdings.


Most of those airdrops are shitcoins and it's hard to choose the right one.

I will tell you secret strategy - don't buy any "old" tokens that already been traded on exchange, you need only invest in ICO during crisis. The secret is that new tokens (ICO) is not dropping in crisis period, in most cases only old tokens affected by this. So best practice is to invest in new promising projects with whitelists and sell new tokens right after exchange listing.Don't waste money!

The first point must be applied to all times. You should also note that during the crisis mostly p&d coins are making x2, I've been looking on top gainers on CMC and during the dump that list was full of shit. The point 6 is probably the most usefull one, expecially if you made some fiat reserves at the high pice of BTC. You can also try to lend some of your coins to get a small profit but trading during that time will be toonervous and it won't woworth it.

I have another strategy and start built from last month. I don't have enough patience and start built new way to get income out from crypto market by using blog for affiliate marketer. For this new activity I should learn hard because has no knowledge, only have passion and little money to start. All of us doesn't like this situation and people have different strategy to face it. By the way I like your post.

These strategy lists are very helpful with this invest only the amount that we can afford to lose. This is very important that we should know our total risks when trading coins. Wait for the prices to go high that in a certain amount we can experience to earned. Also, patience is very important to survive in times of crisis that after a lot of hard times you can be successful.

Actually, so far after small corrections market has been recovering within days, and after large corrections after a month or two.


Let's say that this is an advanced guide. I would say there are plenty of guides for those just starting in crypto world out there.
True, most are shitcoins, but with experience, you can apply a pretty good filter and gain a lot.


Investing in ICO's during the crisis is a very bad advice. Most of them cannot fulfill their goals because the market is retracting so if they don't return your money you can lose it. Also, they have a problem with paying the fees during that time.


Point 6 was my punchline. Good advice.


Patience is everything. Unfortunately I don't have it enough.


Thank you, I wish you good luck.

Good advice, i have taken the liberty to add my take on your steps in green color inside the quote.

It's nice, good advice from you I am approved about your advices especially the traveling yes that's correct in order to forget about crisis you should have vacation, you should travel with your family. Go make gun and enjoy this time with your family. Then after that you will see more improvements about the market maybe there are more possibilities that you will see better improvements.

This kinds of mindset is really helpful to avoid wrong actions when crisis happens with your investment, I like the way you bring the ideas that you 'should
just need to be more patience and just cool it up even in the time of some downfall, better to stay with your family and relax for a while go back when you feel that something is already been accomplished.

Always invest on the amount that you can afford to lose which wont really impact you if those funds are lost or gone. This is a number 1 rule for me and must be consider on all investors into this volatile market. We don't know on what would happen next and talking about crisis fund then we should really have that amount for us to make some emergency or last resort moves for us to recover or might able to get out on such big loss. Not a guaranteed but its much better to have this kind of consideration.

This doesn't have any logic:
1. I invested 100 dollars.
2. OK price is x2 and I pulled out my initial investment of 100 dollars.
3. Extra profit in time when price is rising, but what if price is going down? But let's say price go 3 time higher.
4. Prices for tropical country for whole family is minimum 2000 dollars.
5. To activate my 500 dollars crisis fund, I'm best case that much?!
6. Where we can go with 500 dollars.
7. Come back from holiday and you are in big dept.
8. To repeat what when I returned all the money?

Your strategy will work if you invest thousands of dollars, and who can afford to lose that much? Your strategy doesn't work much if you invested in wrong time! Read about people who bought at 19000 dollars, where are they now, and where is their profit?
Your strategy will work just if circumstances are perfect.
Don't fool yourself that this will work, I don't know what other people comment.

Agree!

If you put all your money to invest, it is gambling, not a investment whatever you put your money on it.

This is the kind of strategy can be helpful indeed if we also want to enjoy real life while dealing in the ups and downs of cryptocurrency trading and holding. There should be a certain amount set aside to get way from the seemingly mad world of cryptocurrency -- this way we are not easily burned out especially when we are seeing the sea of red tides washing on into our cryptocurrency portfolio. Nice tips.

Nice write up and I hope some newbies here are doing what op has recommended especially  number 2. Never invest the money you cannot afford to lose and you should  be careful not to invest another person money. I have been trading forex for quite some time and I have been taking my profit and capital when I need to used the fund. I also think that I need to make more money in other to improve my financial condition and also to be able to go for vacation with my family.

the strategy you mentioned is true but sometimes I still get scared when I'm stuck at high prices again, so to overcome it I should just wait for normal kembabli prices by closing the existing market.

This doesn't look like a strategy to me at all. It is more like a future story to me ;D ;D .
My best strategy during the time of crisis would be something like
1) Find out why the prices are dropping.
2) Analyse the charts and predict if the price will drop further.
3) Sell your coins and buy back at a lower price to gain an increase in capital.
4) Enjoy more profit when the price increases
For anybody who finds it tough to do the above should just hold on to what they have. Never panic. Chill out and stay away until the crash is over.

For me to survive in the economic downturn is innovation and reduce personnel. If not innovative, you will be backward. When the economy is in crisis you try to overcome. Reduce personnel, focus the main items to business.

Although that new tokens or ICOs have plenty of potential for the future, there is no guarantee that the token will succeed or even become listed in an exchange in the future. Although it's a common mistake to buy coins which are already popular and has accumulated to a high price, it's safer to buy these coins once they drop especially for those who are just new in the cryptocurrency scene. It's going to be hard to choose worthwhile ICOs because there are so many available, and a number of them may be scams.

This only thing that you need to bear in your mind and I believe this is only works for a while and this is only effective if you have small bankroll and then you can really put that aside. But when you put really large amount on it, I do not think that you even have time to take your family or even gather with them. This is just some distraction that you can think of. Somehow it is like gambling addicted, I do not called it is strategy, this is just some normal mindset that you need to do in emergency

You cant even say such thing because there are people who could able to control theirselves and do withstand such pressure even he do have large amount involve on doing trading or investment. Setting it aside is possible but there would be times that we do always think of it on whats the current situation of the market.Chilling out isnt bad but we should know on how to move into these kind of situations.

Number 4 to 8 are not good idea for because in time of crisis people need to minimized the expenses.

The best possible surviving strategy would be to analyse the situation and to react according to it.People tend to panic at the time of crash but if that panic gets evacuated the crash might not occur at all.Because panic selling would be nullified with this and the meaning of crash is prices going down due to excessive selling and decrease in market cap.So people should do some R&D work and then decide whether to sell or to hold.

Lol that's true but at least you can avoid the early panic times , for me it's necessary to have an emergency funds and activate it while the market crash, take that rare opportunity to buy in very low rates so your past losses could get covered and even you get more profit, just improve your analysis skill.

That is absolutely true. However, I meant a crisis in crypto world, not overall crisis. And, just for the sake of possible future economic discussions please keep in mind that while for the individual person it is a good strategy to save money during the crisis, for a society it is the worst strategy as only a good cash flow can bring back the investments and push the economics towards the upward trend. That is one of the basic economic phenomena that for some reason most of those in position to do something about it don't seem to comprehend.


I like how you called it "a mindset", and not "a strategy" as that was precisely my point. It is funny how most of the people took it literally.


1. Your investment is rather small, but it is a good start, or better said a perfect start if that is all you can afford to lose without caring deeply about it.
2. I would have waited a little bit more actually, but OK, a safe approach is a good approach.
3. By my experience with cryptos, if you have a portfolio it will always rise in a long term. If you invest only in one coin you are playing with your luck. If the price goes down, you have to be patient. So far the long-term trend was always upwards. Patience is a key here as you could have invested just before the crash which would comprehend longer waiting.....
4.  Yeah, that was basically a joke, what is important is a mindset. Take 10 USD from the crisis funds and by an ice-cream, I don't know, whatever you like.
5.-8. Kind of self-explanatory after you understand 1-4.



We all get scared, that is normal. The key lies in minimizing the anxiety.


Absolutely, that is the purpose of a technical analysis. You should always strive to do one. Your strategy can easily be incorporated into mine. Nothing clashing here.



Bravo Trofo. Many can learn from you, myself included.

The best way too deal with this kind of stress crisis is too maintain your composure and calmness.The reaction you give to this kind of crash can determine the effects of crash.The drastic you react you loose tend to lose more while if you react normally you can even earn from this.What you have mention in your post is all technical thins which are also ring but for me these are the two things which really change the whole concept.

Enjoying our portfolios is possible when pump times only. I can give an example from november and december 2017 maybe. They were such greate times for us to enjoy our portfolios. But checking it is a addiction for me.

Yeah, we have passed a precious time from Nov to Dec. I understand the amount of people coming into the market but most of them come on without good practice entire the markets and eventually fall in crisis.

sell the top and buy the bottom . crypto 101 .

This is right, the best way to avoid losses is to diversify your investments, invest only the amount of money you can afford to lose, never invest during the peak market price, always do your research before investing, don't get too emotional during the market crash and panic sell, and to hold your investments instead of incurring losses.

Do I really need to travel? That would chip away money from my rainy day fund. I would take a break to take away the stress and anxiety maybe for a day or two. Play some games or do outdoor activities. Then work hard again. It is a crisis,you need to make ways to survive it.

For me during the bloody weeks, I just go around malling and watching movie. I think I did not see my portfolio for 2 weeks, I just enjoy moment outside and breath some fresh air. Now, seems market  is slowly recovering, I go back to check and trading again. Sometimes when market is gloomy, we need to have life outside the crypto world and enjoy. Bloody market makes us sad, that is why we need to change environment from time to time.

Your strategy looks good but I think this will work only on the perfect world. No offense but this plan will only work if you are really settled financially. There are people who's struggling to their daily financial needs that even on 10% gain will withdraw there profit from their investment or trade or worst withdraw the money at loss. But still you have good plan most especially the vacation one that's very good suggestion I really like it.

It is a good idea but I invest to be able to secure my money and if can also get profits from my investment, so I do not agree with point 1 Invest only the amount you can afford to lose, I think words are similar to what gamblers say :D and vacationing is one way that we can calm the mind so that mistakes like panic sell does not happen.

You did not mention how long to go on vacation. because I've done that too when bitcoin prices have gone down, but after I get home, bitcoin price has not come back as before since I bought, this is already more than 1 month after bitcoin price down? should I take months off again until bitcoin prices to go up lol? I know this way to avoid panic but sometimes this does not work, its just add budget and make panic again when the price never goes up after going on holiday

I like the strategies, except for the starting to waste money going on vacation and things like that. I'm frugal. Would rather look for more opportunities.

add this bro

Exercise regularly. Walk, run, bicycle thirty minutes every other day. The endorphins released will help you mentally and emotionally. Your sleep will improve. Your body will be stronger and you will feel more in control. 

actually, the function of the above points is so you don't get panic when a coin prices go down. usually, the price will go up after a few days, that's the function you go on vacation. after going home then you see the price is back pump, but sometimes when the pump does not meet expectations. sometimes we have to wait a long time for the price to go up. so the point is not the travel that makes you not panic. you have to change your mindset that falling prices are a natural thing and rising prices are a sure thing.

Take a look at the Deppil's post and my answer to iv4n on page 2.


You took it literally, go read a book or, as you said, play some games, whatever. Enjoy the life :)
This post is about setting a right mindset, not about the literal point-to-point strategy.


You got it right pal.


You too? Shishhhhh. Don't take it literally, just grab a mindset and enjoy life. During crisis go watch a TV or something. If you really like and can afford it you can travel, yes.


Kudos!


Deppil, you are my hero.

In order to survive during the time of crisis you should be cool. IF all your coins value goes down, then relax,then hold your coins, because in some other time, this will surely goes up again. Then while holding, just join in any bounty campaign so could still earn tokens while waiting. At least while waiting and holding you are still busy and enjoying your bounty campaign.