Bitcoin Forum

Because a coin drops 84% doesn't mean it can't drop another 85%, trailed by one more 81%

DYOR, contribute, hold, take benefit, sell, Do whatever you wanna do however never "indiscriminately hold" since somebody said as much!

Your cash, your duty

The money is yours, the choice is yours. By investing this in the "blind" research of others you take big risks or by doing your own research you take smarter risks. Almost everything in the community is paid, why should someone share with you the research that he has done for months for free? There are members like this around, but as they mix among other noobs, it is hard to choose. It is best to bear the consequences of your own mistakes.

For me; if a project drops 85%
The end is near in terms of better price

But how do you contribute to a projects growth without your money ?
You can only dyor, invest; dyor again and hope for something better

Our money, our responsibility.

And you don't have to be dependent too much with others opinion and decision. Learn to decide when you must sell or keep holding. There's more on this market that everyone must learn and experience. It's not just about holding but you're also building yourself being a patient person.

Your quote is really suitable to be seen by the long term believers that blindly hold their coins until it worth zero value. We have a lot of choices but why are they still holding their coins?

It's a better scenario when the coin can defend its value even it was losing more than 80% of its value but the worst case it can go to the zero value anytime as the price was going to the bottom. That's the holder's choice when they wanna hold it for long term without doing any research.

Another possibility to get drop 100%.

Yep, that's why every person is obligated to do his due diligence if he doesn't want to lose or waste money.

I was a huge NPXS fan.. until the moment they stop dividend distribution. Then I moved to another project and so on. The idea is to look at what is good for you, not blindly to hold any coin.

It's important to identify a dying coin. A dying coin has no updates no adoption no real world use cases and keeps going lower. If it has a rally from time to time and goes up by  a thousand percent to later have another loong bear market it's all good.

Coins that keep getting lower highs and lower lows and coins that have scam accusations or some other shady things going on are the ones you should stay away from.

In the first place you need tobe aware if the projects arr legit or not because in crypro world everything is possible dont rely on what you see, always protect your fund/cash and avoid lossing the 100% of your money the coins that have no real product and developer inside are those project that easily destroy.

It's still up to the holders if he is patient enough to hold his coins as much as he wants and as much as he can, but you are right in some points, there should always be a point where you can sell for profit, and since the market goes up and down, you will can always buy when it drops again, short term profit is also good if you can predict the market.

This is why you should set a price where you cut your losses before you even enter a trade. You don't want to be emotionally affected by a trade and be scared to cut losses while you're already in it and down in profits, and as OP said, there's no guarantee that even major cryptocurrencies won't go to zero or take a significant cut in prices. Determine how much you're willing to risk before investing, and determine potential rewards and size your investment accordingly. I've liked plenty of projects in the past (especially Bitcoin), but I've never become extremely attached to any of them to the point that it's overridden my trading and investment logic.

Yes, this is what I like, our money is up to us. To hell with others who talk like gods know everything.
We do something there must be some careful planning and of course, we already know the risks. But sometimes there are people who like to blame our actions. What I'm confused about is why these people are too fond of taking care of other people's business, but they don't necessarily know what's on our minds.
They can give advice but not to judge whether we are wrong or not.

All in all, it all comes back to you eventually. It's your call, your choice, none other than yours.
This is the funny thing, just because some other strangers on the internet said that you should hodl, doesn't mean you have to follow their advice.
This is why, when someone just blindy invest on something especially if that because of someone told you so, when the outcome is the opposite of what is expected, who are you going to blame? The person that gave you the advice? Smh

This is the common mentality of everyone, when you do not understand something you need to learn, need to find people to be explained, nothing easier than relying on the advice of others. But being too dependent on others isn't always good, especially in the cryptocurrency space, which is rife with fraud.

If I more keep the stable coin to not over risk our losses in this bad market. Very hard to find a really good project like NRG yesterday that resists dumper from airdrop yesterday. If want to hold a good project like this there should be a belief in what projects they run and the NRG is pretty good yesterday when the market is doing this bad.

Hold is everyone's choice. Since it is our own money, it is our own duty to decide whatever we think is the best for our money.

I personally advice choosing the right coin to hold and to fight for even if it drops 85%. Let us ask ourselves, is it worth to hold? Or we should sell and buy another coin to compensate our losses?

Sometimes, holding is not always the answer. And yeah,
Our money=our rule.

Most of the time people don't even consider how biased all these so-called trading advisors are even they are popping everywhere including youtube and the funniest thing is people believe them despite not knowing their background. If it's not for some motive they won't take the hard way to make their own broadcast in youtube and any other platform just to tell people to do this and do that although some of the people can be trusted it's always better to stay cautious and not easily believing someone we don't know. Take for example the trading groups that uses everyone's resources to dump and pump based on their personal need.

Every investors need to make sure that the project is real, no fake teams or scammers, if you going to hold a coin for long time and you don't want it to die while you are still holding make sure you do some findings,

At the end of the day in every decisions we take, it's only us who can define whether we did a good decision, either we hold, we trade or in any activities. We must know that it is only ourselves we need to blame if ever things didnt happened the way we wanted it to be. Always check the progress of each holdings we have.

Definitely its our own decision why we are involve in crypto and not because someone shilled it to us. Advice is good but only consider it a reference, through this we can practice making decisions independently. Your gains, your loss as an investors we shoud know how to play our cards wisely.

hold reputed coin i.e btc eth if you want save investment but do your proper research before investment after all loss is your and profit too.

sometimes we have to do fast steps, by holding and selling. because if it is indeed now taking too long to detain it will be possible to lose money. investment not every time will provide profit. now there are investments that must be carried out carefully

Most cryptocurrencies are down around 80%-90% from all-time high and the number of dying Cryptocurrencies is rising greatly, but still there is hope. Look at bitcoin. It goes through waves. check the price history and you can see the different waves for yourself. most other coins follow the same pattern. Right now, the market is on a downtrend. Further, most Bitcoin is owned by a handful of people so they can move the market on a whim. this is true about other popular coins. add in institutional investors and speculators and you have a very volatile asset. It's original purpose was to be a decentralized payment platform, which it does, albeit not so well anymore.

Its all investors choices and risks, i as a person don't give a damn because first thing first i always make sure that the tokens and coins i have in my portfolio will be around for years to come so whether they lose 85% or even 99% value i will keep holding because i belief there will be changes

That's right. Sometimes we also have to be careless about other people, we do our own research on the decisions we will make later, but sometimes we need advice from some people not to be made a choice but we make it as a comparison between the coins we will choose with advice from that person do we think the coins we have observed are far more potential than those suggested by others.

Trading is something very risky you know right? OP advice is really true but also some newbie here dont learn at all. Dont trust cause someone say it will give you a high percentage of profit. Hodl is a term frequently used in trading but the fact that this is still a sick word for some investors due to negative and red color of their asset. If I were you pick a target then if not hit by that time, sell dont wait for the value depleted even more.

All choices are in our own hands. We can determine. Want to sell, buy, Hodl or whatever your full responsibility. Investing in crypto must be patient and learn to train mentally, Not fully investing is profitable. Don't trust other people too much that this investment will benefit you 100%.

Your money, your obligation to take care. There's a lots of different opinions but in the end it should be your own understanding that will be followed.
Your knowledge in reading the situations is the one that will fits you to sell or to continue holding your assets. Every position will be in your hands,
how the outcome will take will relied to how you manifested your skills to this market.

Every new Bitcoin purchase you make, is an investment for 2-3 years down the road. Never for the short term. ALWAYS long term. Don't try to trade if you are new into the space, you will more or less always lose, and it will just become a gamble. I would recommend you buy and hodl and dollar cost average in. Basically, buy as much as you can each month and put it aside.

Those coins that dropped it better to invest and buy a lot of them to start holding some coins will have a potential to grow up somehow it can cause a huge amount of money to prevent some profit.

It means people are still learning if they get stopped out or lose a lot of money. I think everyone would experience this, but it shouldn't be a hindrance towards what you can achieve. It's all about gaining experience and making sure that you know what you are doing. It's not just about trading, but it could be decisions in life as well. It doesn't mean it can't get better or the other way around. All in all, the one responsible for your results is yourself if you let it be.

This type of mindset is common and is what people normally think:

• It couldn't get lower than that.
• It could still go higher

The mind is what kills us emotionally and mentally.

Indeed, because you are the only one who's allowed to make choices on your money and if your actions and decisions doesn't turn out good then accept it. Learn from your lesson and move on so you can avoid doing the same mistake, if it turns out great then that's amazing because you know that you have applied what you have learn. Sometimes we don't have other people's thoughts because sometimes they are just making things so complicated and we are avoiding it particularly when you are about to do an action, it can either lead into positive or negative outcomes. It is true that it can have a huge impact on you and on your funds but choose what's the best for you, don't take risk without thinking the result of it and if you messed up then suffer the consequences.

If a particular asset in your portfolio isn't performing well then the general rule of thumb is to investigate as to why this is such as analysis technicals and fundamentals or simply talking to the project team themselves and also evaluating the market to see if there's enough interest to make it worth your while and don't be afraid to diversify into another better performing asset

No one can give you guarantees that the price of a coin will not fall in the near future, it all depends on what strategy you follow.

That's true, I lost a lot of money by thinking that some token I hold cant go any lower, while there is always room for more loss. It is hard thing to sell with loss, but after some time you get used to it.

Holding famous coins, of course there must be strong research and analysis, because if you only hold coins without research on market conditions, it will be a waste of time, this is what we must pay attention to before investing.

We see advice like this every day in the forum. We see many suggestions like piece by piece or as a whole. But the psychological factors in the market always prevail over these suggestions.

For example, if 3-5 people (especially trustworthy members) write here and say that XXX coins will increase by 100%, purchases begin immediately if they are small. Even those who say DYOR will buy it. How do I know? You remember McAfee :)

Think and decide smartly once gone is gone forever. Nobody can predict what happens in future it might increase or decrease 100%.

Holding or selling its in your hand be wise. If you experience only you will come to know. Everyone can suggest you but do your own research and act accordingly. Your money it's your responsibility.

In my opinion, hold when you feel it is necessary and sell when the opportunity present it self, sometimes holding blindly without a purpose is a waste, at the end you will be the one to regret or probably be glad for whatever decision you decide to take, nobody can predict the market, sometimes holding can be beneficial but most times it can result to a loss,
i have some alts i regret not selling when i had the chance, now their value is so low it is worthless, i had the opportunity to sell but i didn't, well part of my crypto experience.

Also don't always listen to the news, sometimes they make us feel 'this is the time', but the reality is don't. If you don't have your decision in the future you will doomed by others, and also you will fooled by other people cuz you don't have your decision.

Agree, coins that have fallen in price by 85% from the initial price can still go down again if there is no action from the developer team. Things like this often happen in the market, people think that when prices fall 85% is the right time to buy, even though the price may go down deeper and I agree that we should research first before buying coins or tokens

Everybody has the right to choose, especially when it goes into investment. Somebody is happy with a bit of profit made, somebody is waiting for x5. Think twice before making such a decision, but you will learn only from your own mistakes.

lower price not always be best position to start buying . it have several reason why coins keep drop sharply.  We have to make sure what actually happen in this coins, did investor leave this due the dev team could not improve their development or just caused by market sentiment that crashing now. Its really tempted us when isee coins drop 85%  , our telling tell it is best moment to buy and hope price will bounce again.

everyone has their own choices and ways to invest. most importantly you need to understand ways to invest, short-term and long-term investment. the most important thing is that they benefit from the way they invest

there are some people who think that long-term investments are investments for several months or half a year, but in reality, everything is completely different. it is necessary to give people an understanding of how investment periods are divided. people should understand that if they buy coins for an average term, then this is an investment for 5 or 7 months. a long-term investment is a period of 8 to 24 months.

some holders sometimes only hold coins because they have so many suggestions for them. but, they sometimes forget that the risk is their own.
until now I still hold bitcoin and other altcoins because they believe and believe in my principles and opinions in the future. it's just that I truly agree with one thing, that you should never do indiscriminately hold. everything you do needs to have a basis

Replace fund in every strategy ( trading/ investment ) is not easy in this situations. We only follower not leader, I know we should support crypto but with what and how?. Keep trade/ invest will create healthy market but with low price everything looks impossible. I keep promote crypto as alternative income & payment but for other activity I'll wait until next year.

Nice advice though but also because a coin or token dropped by 50% or more doesn't mean it will not go up again. The best advice is for every investors or holder to keep track of the project and keep a close eye on them

yep, it's your choice to buy or sell. but in this case, even 5 years of experienced trader (as my main job right now), I can hardly sure what I think about next movement of bitcoin is right. I think market is not just too small, easy to control.
Even I know it has much potential left (that's why now I'm still into this).
But continue this way just make everyone exhausted, and one by one give up.
Hold tight, the best always there, for the one who deserve, last man still believe. sit tight and cut loss, increase amount of coins.

Good advice, some times it's better to sell after an 85% drop, before the coin has another big crash, a good example of this is clam, who first went down from 0.013 to 0.001, and now it's on 0.0001, Is important to know how to ride the wave, those who lose in the first crash, could sell and then buy after the second crash. After that, if they hold and sell on the bump they will have more coins and for sure a nice recover from the first crash.

Yes indeed we should be able to control ourselves from making decisions to choosing to listen to the bragging of the people or stay focused to do what we want.
I see that too many people are easily carried away by speculation or talk by people who are busy talking about and then believe it as a truth.
Bro, you are all given a sense to examine the information before you decide to say yes or no. ;)

We need to be more precise why we are holding a crypto? If it is for making profits then we have to keep ourselves busy when we see price dump and bump when it gets more than 10% from actual cost when we buying so sell it and invest it back on other coins which are in green.But if you are holding a token or coin for its usability then don't worry about price dumps.

falling prices is an opportunity only for those people who have the opportunity to buy. if you don’t fix your profit in USDT or you don’t have any income in fiat money, then a drop in prices is always bad for you

In crypto anything is possible, so every advice can be good, or totally bad, depends on perspective. If some coins drops 85%, it can drop more or it can bounce back, will you buy and risk, or you will stay away its up too you. Not each of us have the same tolerance for risk, not each of us can handle risks.
After years in crypto my advice would be that you need to do a research and choose coins you think that have potential for the future, choose and don't change your mind with first problems, with the first price drop. Be patient with your investment.

If a guarantee is offered for all investments, then these are most likely scammers. In general if you yourself can’t keep track of your investments and don’t want to understand then trust it is better to someone who understands the matter.

we have discussed this here severally, we should know that we all cannot do the same thing the same way, whosoever deciedes to hodl for a long time has his or her choice, infact if you decide to die without touching any of your coin, its your choice. we may not expect everyone to start rushing to sell their coin at this time. almost everyone has  their hand on deck in view of the bullrun when you dont need tio beg people.

Sometimes it's quite hard to define where the lowest price level is - even impossible I would say. Some altcoins are dumped to hell and then repeat this twice :) The worst case is final delisting from the last exchange :)

Absolutely true, sometimes people buy into a coin because the price dropped so much even without doing a thorough research on the project. What if the price dropped drastically due to exit scam or order to cease operation by the authorities? We should always verify reasons why coin prices drop before we take that as a reason to buy the dips. Nowadays for my trades, I'm OK with 10% profit (setting a tight stop loss in place) , I no longer wait for 50 to 100% and it's been favorable for me. Well, there are a few coins I still hold for long term, this doesn't mean if the price appreciate considerably I won't take profit.

A quote I like the most: "Know what you own, and know why you own it."
It makes me always careful in making decisions, because every analysis I do will have an effect on the next steps. In this case, a lot of influences, fomo, hype, greed, etc. often make doubts, so the most important thing that I always make the principle of is not about how much we get but how freely our hearts are always grateful for what we have done.
The basic principles and all the knowledge we need to minimize risk, and an open heart to manage mentally and emotionally to face reality.

Investing in any coin is always risky. This is you money and your decision, do whatever you like to get benefits. Until you have extra income source, you can deserve benefits from all coin. If you know early bonus, ICO bonus, amount of release token partnership and exchange, than you will know when to sell. Only few coin dump more than 100%

And make a decision that we believe is right and so we can't blame others for the cause of our lose. It eventually we are the one holding our funds and the one also to blame. I may be holding my coins for some reason but not because someone tells me and I will keep these until I find chances to sell it at the high price.

Do with your own risk. Then we must know what we will do, what we will invest so that we will be more concerned with the risks and learn various ways that can be used to minimize losses. This also will be a stronghold of various acts of deception. See? this is important rather than just looking for a quick way to profit.

Everything must be treated and approached wisely. Many people repeat the actions of other people, thereby making decisions made by other people, and as a result, they also take on their mistakes.
In the future, they blame everyone except themselves. As you rightly noted, it all depends on you.

Of course, the money that you are staking is yours so no one should dictate what you will gonna do with your hard-earned money. Following someone's trail will lead you to oblivion. If somebody is saying to hold, check why he's saying that. He has hidden agenda for saying that. You should follow your instincts because you alone is to be blamed for whatever will happen to your investments.

It is not an extra income if the market situation is worse than in previous years. This partnership and release of token burning news don't attract the investors and they they go for other choices. Early bonuses are for the investors who decided to take risky decisions after analyzing the project. The main decision is to invest or not, the rest is meaningless for me.

too long hodl will also make the market stuck, I agree to continue to buy, trade, take benefit, sell. it will be effective to continue pumping prices, at least not falling deeper to 90%.

At the end of the day, it depends on what type of cryptocurrency are you buying. If you are buying the strong ones in the market then even though you are at a loss right now, it would be better if you will just put it in a hardware wallet and hold it until next year. Trading or buying low and selling high is applicable if you are into altcoins who are still new in the market or an altcoin that has a lot of hype in it.

Exactly, in this space we are responsible for our earnings and hodling indiscriminately could lead to great losses. Its understandable that there is an extent of risk shuffling across different altcoins, but there's a higher risk taking a stand and hoping that the market would change. We've all had our negative experiences hodling a token with the expectations of the price going up, only to be disappointed by the continuous decline.

buying on coins that are trusted and have the highest rank, I think it only requires patience if we experience confusion to take action when the price drops. different if we buy altcoin that is not yet trusted, of course we have to do extra research to take action

I had a lots of profits in 2017 bull, however lost 99.99% of it due to 'hodling'.

Continue to buy when you still have some spare money as you can deal with short term trades while your previous assets can be hold for long term
investment. Learning from how the market behaves will allow you to adopt what system to use in order to take some advantages. Don't stop learning
and it will be fulfilling once you master the strategy that you will going to use.

dont believe when other say this year will be bull, or this coin will moon.
they only said what they want or there is a purpose to what they say, the only one who can be trusted is that your own thoughts and those of others are different, you can hear their advice but the choice is still on you.

Simple research and study, basically. We're even fortunate that at this point in time, information is very much accessible to us. A lot of people, especially newbies, depend on other people's predictions and speculations. Don't be like them. It's not their money that'll go up in smokes if you blindly trade based on other people's suggestions. Study and own your decision. You'll learn a lot more with your mistakes when you know what caused them, instead of blaming others because you followed their advice.

After the 2017 increase, many of us have lost a lot. But that did not make me sad, I lost due to my own mistake, at least I add a few pages to my experience book. But imagine you lose because of others. You would still have additions to this book, but about "not to trust others".

This is what we need to do some research before we invest in crypto. Our own responsibility when investing our money and the most part never relies on others in terms of having a decision when to buy and sell. Just buy those potential coins that can give profit in return.

trader with bitcoin field of exchange to try as fine as improving tasks of entrance with returns of work of evaluation and collects on modification as the script to run of the better results as delivering with minimum number of nominal on profit to complete within the plan as the investment periode on running modification.

Ofcourse!
Holding should be based on choice. No one should feel pressured to hold.
 Invest and hold whenever you see  good opportunities. And always hold what you can afford to lose. You could Invest a couple of dollars every week or month. Like from 10 to +50 dollars every week or month is good stuff.

Do research with experienced friend who can guide you more often, because it could really help us determine the do's and don'ts of altcoins. Without proper guidance cannot obtain a good output in the long run. Better be safe instead of having regrets in the end. Buying potential coins is quite tough, so always do the best options first.

thanks for your advice. Crypto fluctuations are inevitable. If it plummets further than that, I think it will not be possible to invest indiscriminately and will have to focus on the current essential currencies.  :)

Doing your own research is a very important thing for anyone that wants to be investing their money in cryptocurrency.
If you keep on looking at what people have to say you're going to make a mistake. A lot of times I have seen people give the wrong information, and I always find out after I have researched it online.

I always read news on cryptocurrency every day and it's one of the topics I have set as an interest in my Google news and I also follow other websites like Cointelegraph so I can get to know everything that is happening. There are also some coin analysis that they do on their site to help people make the right choice. I read those analysis and I also research other places to know what they have to say concerning the coins that have been listed out.

Money and choice are yours. take risks at large or by yourself. Everything is calculated in monetary units mainly. so not too worried.

A good piece of advice. We ourselves are responsible for our profits and losses, not anyone else. Listen to everyone but do your own research always before buying and selling. It is no use to keep holding the coins without any research or knowledge and yes you well said our cash our duty.

Of course, you are telling the truth, since there is no point in waiting for a drawdown in such a market, because a coin because of which your deposit has decreased several times can be removed from the list of the exchange on which it is traded and then its price will be at such bottoms that you never dreamed of , I think that sometimes you need to overcome yourself and just get out of a loss-making position, then wait a while and find a new coin for investment with a fresh mind.