Bitcoin Forum

To be honest, this present dip situation where all prices got low has taught me that, as an investor planning and waiting to buy the bottom of top crypto currency tokens, you need to have in store lots of tusd or usdt or stable coin to achieve that.

The rate at which to buy bitcoin from local fiat notes increased immensely during this dip, making it hard to buy btc or eth.
Who else noticed such occurrences?

Do you think, holding up stable coins as the proper way to prepare for an investment schedule??

Yes, at a time of decline like this, we must hold a stable coin so that our assets do not go down so badly that the USDT is currently rising well, is this investment possible? Yes, it's better to hold USDT than other coins.

It's better to wait for the situation first for an investment like this and see what correction will happen in the future.
At times like this, investing is good enough, but you have to be mentally strong.

It could be easy to advise anyone to hold stable coin or fiat now but how many people saw this coming, it is no market manipulation. Corona virus played a significant role in the market dump and affect the world financial system as a whole which crypto is no exemption. Only few people can now purchase from this dump, more fund had been use in 2018/2019. The fact is the power of stable coin and fiat sometimes cant be denied.

Investors and traders who are always waiting for prices at the bottom will always get double profits, because they tend to make purchases in large quantities, and for now it is better to buy USDT to maintain assets for a while, because stable tokens will not decrease which is a lot like other altcoins.

I was so impatience with my USDT that worth over 3k days back because I thought Bitcoin will keep surging, I quickly but back while btc was at 9k, if I have waited to this day I will be one of the most happy people on this planet right now but at the same time who can predict the future?

The downward trend in coin prices continues today, the price of coins in the market is still very worrying, so investors must always be vigilant when making investments. Holding a stablecoin is a good solution to avoid the risk of loss, but if you look at the graphic movement in the bear market, for the time being I will choose to hold the USDT to avoid any possibility that will happen. And will trade again when the market movement has been good.

Holding up some stablecoin will get you advantage too and thats how it works. Actually the thing here is if the prices are low we should buy at this time, however if we dont have stuck of it then we can just wait. I am late to convert my btc so I didnt taken the advantage of buying it. But this will be a good lesson that we must have budget for both btc as holding and usdt for buying it.

This recent dip has made me realise there's nothing like bottom price in crypto market. Yes, that price you think is the bottom price might even be the start of the dip. I remember a friend told me to buy Ethereum at $208 saying its at the bottom, what's happening now.

Best is to have enough stable coins or fiat so as to buy crypto dips as much as one can.

You aren't entirely safe if you are holding usdt or other stable coins instead, there will come a time where you will want to buy back and after buying price can keep falling, I guess we still have alot to learn, wining and losing is inescapable in crypto space

The benefits of holding a stable coin will be felt when the trend is down like now. But who would have thought that this trend would occur?

We are talking about investors, which means they don't have deep expertise in trading analysis. I understand that most investors don't have much time to monitor prices. So, in addition to always holding a stable coin in our portfolio at any time to buy if the market gets a downward trend, it's also advisable to set a stop limit after buying to reduce the risk of large losses.

it is not every day that the price drops more than 20% in just 1 day. so even if saving stablecoins for this type of event becomes complicated.


I always suffer a lot from these high fees, whenever I buy bitcoin I pay the bank 5% fee, I pay the exchange fee and when the bitcoin arrives in my wallet I find that there is still another very high obscure fee, sometimes even I get demoralized from buying bitcoin using my bank account because the fees are just scary


as i said it is not every day that the price drops a lot like what happened yesterday. would you be able to hold stablecoins for 5 or 6 months or even a long time hoping that one day the price will drop too much to buy?

it is not easy to be able to read the time when the right time to exchange your assets to stablecoin as happened yesterday many cryptocurrency that collapsed but for stabelcoin like USDT actually experienced an increase in price and did not collapse, whereas even though fortunately gained very long stablecoin can provide trading security because Very little price movement.

But it's still a great opportunity to be a big time holder. All of us know that this crisis wasn't forever.. A temporary crash for all crypto's. Just think about the profit, although you're right that it's not about price manipulation.

My prediction for this, price will go stable again after 3 to 5 months after this crisis. What do you think?

This is not a market manipulations, many still find it hard to believe that Coronavirus is affecting the world economy, even Gold and diamonds are suffering presently, every single stocks are down so how won't this affect crypto? It's not possible to avoid crypto

You will never earn if you are holding a stable coin, it will the same to fiat currency base like a dollar. Stable coins are good when a sudden dip happens like this, you will divert your Bitcoin while it continues sinking the price and immediately cutting your loses. Most likely traders are doing this when they know there is a continues dropping of Bitcoin price.

I dont know this because when Bitcoin dragging down, of course, the value to fiat currency also down. You can buy and sell anytime using the LocalBitcoins wallet.

always prepared some money if you dont want to miss out a good timing to buy in the deep. There are always many traders doing this even the market is in red they are still able to earn profit in just short period of time. Like 4k+ then sell it 5k+$ in just a minute its just a right timing when to buy . Then even its lost to other you can still earn profit.

I totally agree with what you say because everyone should be able to have a way like that because the collapse of cryptocurrency prices like this rarely happens so while soon there will be good news with the halving bitcoin I am sure will make the price of cryptocurrency return to recovery and people who buy coins at low prices like today are very lucky people.

Yes if you know the purpose of these stable coins, you can use it to manipulate and save yourself from this dips, you can trade your coin to stable coin since it's a stable coin your investment is safe and you can trade it again to your favorite coins once the market stabilize, so learn how to use stable coin to save yourself in times of trouble.

It's a normal of demand and supply. Price will Increase when demand is high and supply is low. No good investor will sink all his/her funds in any invesment at once. There will always be a backup plan if the worst happens and how to cut loses also.

I do understand that as a trader or an investor, we are unable to control or predict correctly the price movements of crypto currency trades.
But we must be able to assume and sense danger always, A steady full time investor must be able to sense dip  / danger and prepare in advance towards the bear market reaction.

And the downtrend was expected to be frank, after world economic crashed, and oil crashed, it was inevitable.
I hope the dip is over already and the virus cure is found too.

I also noticed that fiat were not spared during the the dip. My local currency fell by over 20% to BUSD making it difficult to invest more. Stable coins are the way to go.

A sense of danger can also be a chance for othee traders right timing is the key to gain even in negative market price.
If you are long term investors of btc you already have idea thats its always happening actually i remember this kind of scene before the halving in 2017 its the same  the onlu thing is new is the virus.

I think you should have both if you want to rip off some profits out of this. Cause we never know when the market will go up and down unless we are watching it or closedly monitoring the prices. Anyway what I can see here is that most of the users have been on the btc side where they didnt expect this to happened also resulting to rekt.

This has different scenario, the market plummeted due to different cases, a sudden whale moved funds, corona virus panicking and manipulations that has been done by other people.

holding back using stable coins is probably a good idea. but, sometimes when the price drops quickly, there will be a bounce, so I am quite hesitant to buy a stable coin, and until now continue to hold the assets that I have. yeah, honestly I want to add to my ethereum, but I see that ethereum prices are quite stable in bitcoin prices.

Yes, my fiat has loss against the USD, so my friend rejected my proposal yesterday for him to buy the dip after seeing the conversion rate, the effect of the virus on my economy is real. But OP why do you always make your topic a self-moderated topics, do you do this on will or by mistake without stating any reason?

The biggest investment in my portfolio is Ethereum.  Of course, it’s very unfortunate that I did not follow what was happening on the cryptocurrency market and did not benefit from such price fluctuations when the price of Ethereum fell from $ 200 to $ 119 per coin.  Nevertheless, I decided to invest a certain amount in Ethereum again when the price dropped to $ 129.  I think this is a good chance, given the possible increase in prices due to bitcoin halving, which in turn should affect other cryptocurrencies.

Now many will know the importance of stable coins, I would have safe myself from this huge loss but I never saw it coming, from 3000$ I'm left with 1500$, life goes on, I'm ready to hold for long term

The period of the dip is something most investors should have prepared for.The dip moment should not be a time for investors to be worried and depressed. The question should be how do I make use of the opportunity of the dip period.This time that market is not really encouraging should be the best time for investors to invest more in coins that are highly valuable. The coins are of lesser price at this moment of market dip ,hence can be invested into to a large extent and hold for the time of bull run. Every wise investor should see the dip moment in the market as a time to gather enough for the coming harvest.

I felt the same about this it's better to hold at least 80-20 both ways and trade according to rising or lowering price rather than holding a coin and waiting for it to reach the moon.
I had all my coins on bitcoin and one another token, both of which are privately invested, that's why I was not able to sell them or buy more on the dip as I had no enough stable coin on stock.

Diversification is always the key to success. There are crypto bank services that are providing upto 12% of interest in stablecoins which is much better than keeping your fiat in the bank. And ideally you can transfer the stablecoins to any of the exchange if you want to buy some coins when they dip. But it also don't mean that you should not hold any fiat, having no fiat may bring other problems so make a plan and diversify your investment and money.

I have always told myself that I will have some cash aside just in case prices get too low, or even have some sort of buy orders at very low prices so I can buy directly at crashing prices if I am asleep when it happens (like last night) so I could actually profit when I wake up. However the deal is, I wasn't ready this time around, I had so much debt and had to pay them so my money was gone and I didn't had time to recover that easily.

Hopefully I will do better next time around but preparing for dip means you need to have cash in hand. Never go all in to anything in finance, always have some liquidity so you can use it whenever you need it. If you have zero cash, that means you will need to readjust constantly and you can't really invest comfortably like that.

Most traders and investors will now realize more, he benefits of having Stablecoin in their wallets or on a well-secured exchange. No matter how much the price of fiat to crypto has risen, Stablecoin will always be the best currency used in buying back crypto.
As for traders, the best to trade with now, crypto/fiat pair. This is because the market is moving downtrend. If you have Stablecoin on your account, it will serve as a backup for any price fall, but if you keep trading crypto/crypto. the more the market falls, the more your losses. You will always have a loss on both cryptos.

I have the same problem. I could not buy any coins during this dump. I bought coins when bitcoin cost about 7 thousand dollars. I could not even think that Bitcoin could go as low as it is now

Yes, many countries don't have crypto buying system through bank or card or native money! They buy crypto from local people! So, for them, it's not easy to buy crypto in the dip market as the local people won't sell at that huge low! There have some platforms that can help you in this case! You can buy crypto through Skrill, Neteller, Paypal from Localbitcoins, Bestchange platforms. Do it with your own diligence!

I also noticed it, my local currency Naira rose as high as N520 per dollar, before it decline back to around N420- per dollars. Before this economy crash, it was trading around N350 - N370 per dollar. Your suggestion of holding your funds in stablecoin is a good one although knowing the project to patronize is where the problem is.

We have numerous stablecoin and there are still hundreds yet to be developed and dumped into the market. Most of the popular ones are associated with controversy and shady business operations which makes it difficult to trust their credibility.

The fear of them also performing an exit scam with Investors funds or them getting shutdown due to hack or government intervention, had been the major reason I have been much of a fan of most of the stablecoins out there especially USDT although it isn't a bad idea the OP has just recommended but be cautious.

The best advice right now is to keep calm. Situation will become normal sooner or later

Maybe I'm lucky because when there is a drop in Bitcoin price, I don't hold the coin. So I do not lose a lot of money and the decline that happens reaches 25% for Bitcoin. Bitcoin prices decreased due to the effects of Corona viruses. Since WHO has announced that the Corona virus is a pandemic virus all countries have strengthened security. And it has a big impact on crypto.

I am fortunate that when the Bitcoin price drops happen, I can buy Bitcoin and Ethereum at a very cheap price. Investing in stable coins is very important and nowadays the market I think is slowly starting to increase.

Yeah, holding some tether would be useful thing to do, we all saw how this may happen. Always wondered by the way who are these guys who set -x2 orders with some desperate will to buy the dippest dip. They are winning sometimes :)

I will prefer to wait for more to see if more dip will set in before I buy any coin again.
The stablecoins that I have in my wallet should continue to lie down there in preparation for that.
Had it been I already know about this as at the time I was introduced to cryptocurrency, i would have been glad. However, it is not yet late. At least, the knowledge acquired no can still be very useful, not only for now, but also in the future.

to be honest, I think that it's too late. Well, prices are falling so fast and so deep, so turning it into a tether form now isn't necessarily the right decision. it could be that the price of bitcoin suddenly becomes $ 6k, and we skip that. honestly, I have not sold any assets because of this, but I see the market is a little calm. I'm waiting for the pump to return, I think the price will recover soon when the coronavirus problem is solved.

Holding up until when?
How will you know if it is the time to sell bitcoin for USDT and when to buy it.

Now the question is, did you sell at the highest point of bitcoin?
This could be the point also when you will buy. I hope you did.

You cannot just keep on hoarding stable coins. It is like keeping it in a bank which is more secured rather than those stable coins which could vanish anytime.

It should be noted that stable coin increases cannot be like bitcoin or etherum, so we may only get a few percent profit. but when it crashes like this, even stable coins also decline even though it's a little. in my opinion for the preparation of long-term investments, bitcoin and etherum can still be an option. when the price is falling, and may go up or down. that's the risk in the crypto world.

Staying calm is a last resort when someone does not know what else to do, but the best for now is to keep monitoring every situation that occurs and must be clever in taking an opportunity so that profits can always be obtained.

yes it will always recover and there is no way its not, you just need to have more patience and just ignore the lost all do it hurts yiu cannot do anything right now. Selling it this time is accepting that you already accepting the lost while if you hold chances to get what youve is still high. You can also set a stop loss if you are affraid that the price might much lower this time.

Indeed, some investors have the current situation, because they collect all the altcoins that have the potential to be invested in the future and they never worry about the current situation because they know the Often occurs in the crypto world and it is also common, so for all of us should also follow them if later want to get great results.

Keeping your money in a stable coins are a good decision to become prepared in times the coins are in dip. Though fluctuations are quite normal in crypto I think most of us didnt expect the market to turn bearish because we thought there's a chance for bull run due to halving.

If you are planning to buy this is the perfect time, coins are declining and cheap especially the popular coins. So take advantage this situation while the price is affordable.

right, for now many investors are waiting and seeing to see market developments. they are not affected by the dump on all cryptocurrency. and in the current situation, many investors will prepare themselves to buy crypto in their planned area, kepanikan banyak orang membalikkan mereka Manfaat untuk membeli dan mendapatkan untuk maksimum pembelian

I totally agree buddy. At times like this, it is in need to have a strong mind to be able not to get panic and see the brighter side of situation like this in which we must took advantage of this scenario to buy up more cryptocurrencies to hold until such time came that the prices will stabilize in a sense that the price will rise up once again benefiting us all who have bought those top cryptocurrencies at their low prices. It is really in need to have stable coins like USDT stored in your wallet that will be used to buy more cryptocurrencies which makes use of fiat to purchase more cryptocurrencies for good spending. This just shows that both fiat and cryptocurrency is helping each other out and doesn't have to make competition in between of which is better to be used because both are good currencies and it will be depending on the individual which one will he use.

Buying more cryptocurrencies at times like this is the most common strategy to earn more crypto that will be hold for a while and wait for the moment when the price rises up again because it is one of the features of a cryptocurrency that is being able to bounce back after down fall which is because it is volatile.

Many investors have faced loss because they were prepared for the bullish trend and they were strongly hit by the bearish markets which gave them excess loss. Some of those investors also had some open positions in leverage trading and thEIR accounts got liquidated as stated by the past news about $120+M got liquidated on bitmex, binance and bybit.

This would be a major loss but yet there are a lot of whales waiting to get into the markets as soon as the markets start showing growth as the price would be bounced extremely vigorously in the short interval. We should never forget that the halving process is about to happen in few months.

At times like this, most of them are still holding stable money. I think it's safe for their reasons, but if you think long about dealing with halving, then I think stable money needs to be bought on some of the top coins and bitcoin. With a situation like this, then I think positive thinking and one day Bitcoin will definitely recover.

Choose three coins to have a good increase when the rice market improves.

A lot of people start buying BTC and ETH from their fiat currencies the moment price drops so it the rates of our fiat currency increases and it might not be that beneficial. Storing USDT is a good option for me as it gives me the chance to instantly buy bitcoins or any other coin at the moment I think the price start dumping. Each of us who want to invest or start trading should hold USDT as it is what gives us the ease to easily make an purchase.

The current market has given a exact dip to buy in and also I am sure that most of the big whales too are been waiting to make an purchase. There would be time in the near coming future when you would regret for not buying at this dip.

This is a basic investment plan that every investor must have in mind.
Why do i say that ? You need to be prepared by hodling usdt or other reliable stable coins

So that you can swing into trades immediately there is an opening.
But if you hodl fiat, and there is a dump, converting fiat to usdt gets very expensive and not many can afford such

One strategy that I have been employing ever since i got into this industry is to diversify my portfolio with both volatile cryptocurrencies and stable coins as well. So that when the market takes a dump you can use stable coins like USDT to purchase more of any cryptocurrency to increase your profit in the future when the market rises.

HODL is also a time for friends, because the name HODL is not required at all times and you are kept busy to monitor the assets you store in your wallet until you cannot enjoy your own life, the point is we must be good at seeing the conditions and situations for HODL.

As an investor, you cannot always preach hodl during dips,. You need to have a strategy in place.
Sometimes durng dip, you sell, wait for it to get lower and buy back reserving your profits.

Sometimes, you go to usdt, and stay there until convenient.
HODLING is not a permanent solution.

Patience is an essential virtue in all areas of life in general and in the cryptocurrency market, patience becomes increasingly important.
I am sure that as long as we have the patience, everyone will get the best results, difficult times will pass and the market will rise again.

This dip has thought me expecially good lessons on how to hold and period to buy. I initially bought thinking it was the button next was a crazy dip. Holding usdt isn't also guaranteed as I held some but dip also affected it so I think changing to fiat on Exchange and buying at the right time will be good or still holding and waiting for growth would help. It's aboh choice.

Definitely yes, if you don't like to miss the perfect opportunity to buy at your desired price for that stable coins will help you a lot since fiat deposits might take time so you might face prices changes in that time.But holding stable currencies are riskier though,even if those coins are in your wallet it can be still froze by the authority for whatever reasons so you are not in complete control of stable currencies.

But investing on a popular coin might help you to gain income in the future. Investing it on bitcoin as of now since the value of it is now cheaper than before and gain profit into it when the price of it rises up again. That is a simple buy low and sell high principle. Traders are into this one and they are not afraid to take risk even though the value of the coin is cheap.

This is actually the right strategy when market movements are too extreme and effective enough to minimize risk. Especially in this crisis, holding a stable coin and fiat can provide benefits if it is needed suddenly to make ends meet. On the other hand, this is also effective if there are signs of changing trends and bounces, so they can get the right timing to get the desired potential cryptocurrency.

You are right, but everyone has a different strategy and mentality. There are people who like risk and there are those who are on the contrary :) the important point here is not to panic and take every action based on the analysis.

we could not be patience for long time and have no certainity when market recovered.  many people said patience is the key , but they dont know its really hard to do when our money value loss more than 50% . maybe money management is each trade willl help us to feel stress and avoid long patience.

I believe the perfect plan to acquire better BTC is by holding usdt or other stable coins and the most important is waiting, crypto is like a seasonal weather, raining days and dry seasons kinda thing, it's all about Waiting game

Patience is a good action in this market, but sometimes you need to give up because the altcoins you buy will die and the price keeps going down every day. Ideally, you should only be patient with the top altcoins in this market, if you patiently hold the altcoins outside the top 100, I think its price will never recover.

You used the word, an investor.

And to me, an investor in crypto currency especially, must be ready to tackle both the dip days and the bull days.
An investor with several experiences will definitely get profits both in the bull and in the bear.

In my opinion, we need to get up to dates information and highlight emergency actions ahead, so that when we notice glimpses of a bear, we know what to do without panicking.