Bitcoin Forum

In these bearish days, you only have two options: whether you'll wait for the next dip even how long it takes in order to avoid losses or investing now despite of the loss, hodl while the price still goes up and cash out when you finally recover your investment with additional good profits. Actually, there's nothing wrong whatever you choose from those two options just only make sure that it suits to your current status. If you have a lot of time for waiting then go for the first option but if you are afraid of missing the boat and always in a hurry then do the risk — go with the latter option.

this is the main reason why we currently have people who have lost more than 90% of their investment. first because they were newbies who had no idea how investment works and second because people like you have been encouraging them to continue holding even though they were losing money!

Always show people the other side of the story as well.

The other side of the story:

This is Jill

Bill loves Cryptocurrency

Bill bought his favorite coin at $15, hoping to sell for $100

The next day it dropped to $8.5

Jill thought everything was OK that it will get back to higher price.

Jill decided to sell if price gets to $10.

Jill's token is now worth $7.

Don't be like Jill.

exactly.
unfortunately as of late bitcointalk has turned into a place to encourage newbies to become bag holders. there are at least a dozen topics each week (specially during dumps) that is telling newbies to hold, don't sell, have "patience", ... and all this time those who listened have been losing a lot of money!

Look at very first line i mentioned, do proper research before investment.  :)

This is hilarious.  :D I also buy some coins that aren't yet popular and does not yet pump. I just wait for it and of course I always put my stop-loss unless it goes against my way.

I think that all those investors who have just come to the crypto market have great advantages over those who bought a year ago. The market is strongly subsided, and the altcoins prices are very favorable,  but the majority spent their fiat money and there is nothing to buy ;D ;D ;D.  I'm talking about the majority)the most common problem) we only have one advantage over newcomers - our experience, we have seen a lot and our nerves like steel.

This is case to case basis because for what i have experienced for this year was when i buy the dip its dips even more losing my capital. Don't be like Bill is better if the market will in favor of bullish trend but during this bearish market which still in effect, it is better to sell high and buy it low again.

how you define a "good" project?

some coins like XRP/DOGE/XVG have a nice pump last years, possibly this year too but some of the coins i mentioned highly disliked in this space.

don't be like Bill, study the coin before investing in it. if you do not know why the price is growing, then chose other coin, investigate it and only after that make a decision about buying.

Professional traders are always the winner here, and people that are manipulating the market, Longterm Hodl is no longer effective, we cannot determine if that certain coin is in his bottom too many manipulations in the market, the elite are laughing now.

It is the most realistic picture I have ever seen about the crypto. It is actual problem and this joke has a so important aim that we really must follow it.

I think this like the market last 3 months ago ;D I also buy ETH at $450 and hope it will reach $500. Well, it's really reach $500, but a half of $500.  :D

I laughed at this "meme", but this is the harsh truth unfortunately. Or fortunately for some people, but I'm not going to talk about that now. This definitely reminded me of this: https://www.youtube.com/watch?v=61Q6wWu5ziY

I don't blame him doing that invest is risky game..... In crypto is not always good to be too greedy because if you are you may end up loosing all... When investing always have price target in mind if it sell beyond that price you shouldn't be freak by it.

This is the trick, trying to determine the best time to invest and if the coin is going to pump or dump. Even news can be faked due to the source being a hodler him or herself, or the article being a paid one. Relying on luck is never a good option, but sometimes it is all you have

In fact, the opposite is true: Using stop loss is a must in trading to protect your investment for going to zero.
Holding leads you nowhere on a declining market especially if you holding useless coins.
Get used to accept  loss and be aware, that it is  the  part of trading process.
Earlier your learn more successful you will be.
The goal is to have more winning than losing trades.

Stop loss in highly volatile and decentralized markets is a very dangerous proposition. Your stop can be hit and the price can recover in seconds,

stops can be hunted much more easily on low volume, and so called "whales" are looking for opportunities like this every day, in fact it's the

number 1 trading strategy of some players. Crypto markets have their own unique rules, you need to adjust your tactics accordingly.

https://i.gyazo.com/6133faa170af459d662febe71563bf64.png

This is hunnykaushal.

Hunnykaushal reposts memes from the bull market that are no longer relevant without any discretion.

Hunnykaushal looks like a fool for posting a scenario where Waltonchain is trading at $15 when in reality it's below $3 and has been for over a month.

Don't be like hunnykaushal.

Good point of encouraging the people to hold although this is not advisable during the bearish market period but i think we are already in the tip of this bearish trend so i guess its about to buy as much as you can while the price is cheaper to purchase and don't be like Bill.

This is rauls.
rauls invest into ICO when price was 1$. the next month rauls's token went to 3$. He keep hodl. then after 1 month. his token dump to 0.01$. he f*ked up
don't be like rauls. ok

Eh, that's not that bad.

It is certainly better than this:

This is Bill.

Bill bought his favorite coin at $6.
The next day, the coin crashed to $3.

Bill panicked and sold all of his coins off.

A couple weeks later, the coin was $7.

Yeah, it sucks to see that you could have just hodl and sold later for a much larger profit.
But hodling forever is incredibly stupid.
Just look at last Jan.  all those people that hodl and didn't sell saw their coins go from all time highs to the prices of today.

Just set your financial goals, and sell when you reach them.

A joke but has great benefits if you can review it, do research before investing, and this is indeed what you say.
A motivation and knowledge about crypto. Lessons for beginners to get involved in trading. I think many will understand what you mean.

ahahaha that's really funny it's like seeing myself when I first got to know cryptocurrency.
but I'm now not going to do that, I will become a holder for bitcoin and altcoin that have great potential.

It is seriously tough to try and trade for profits in a Bearish market, and I wouldn't recommend anyone try leveraged trading and shorting coins. The less stressful strategy is to average down through the dips which give you the chance of breaking even faster or making larger profits when the coin rises in price again.

i never sell in loss. even if my holdings coins dumps then i do more airdrops and bounty and buy lot more tokens. some guys always looking fast profit and sells his coins and buy another. so same happens in that and then he says i lost money in crypto

it's like what I've experienced, I won't make the same mistake, I have to be patient in making decisions, not like a bill that is too rushed  :D

I saw myself to him  ;D ;D ;D , but that was a lesson learned that I didnt do again haha . When the project is seems to be promising I invest to it and hold for long term so time comes that I will be a millionaire .  ;)

It is a very inspiring explanation. I believe that everyone here also knows about this way. Sometimes, we will regret our cryptocurrencies that we have sold. Sometimes, we also regret buying some crypto. In this case, just make the exact consideration before deciding to buy or sell. Here, we cannot see how the market will appear in the next day. I myself will always save some coins when going to sell some.

Its always been easy to say or advice about what to do,if hold or sell but the truth is,these so called “advisers “cannot even do it by themselves.and most of them don’t really have a capital to invest instead they are just saying words to spam because of their bounty campaigns..yes theres a way to find what are those coins may pump tomorrow the only problem is how to find them,what skills and what sites may help us to get the growing coins

Yes it was, but as I see your post, it look's like you also don't know what we need to do. How can you say that there's a way to find some good coins if you don't really know where they are? Not all here is a bounty hunter, maybe some of them is a real investors or just a scam. Somehow,the author need to understand those different options here on his/her thread. It's better to educate his self first before entering the world of crypto. He will learn from the experienced of others for sure.

Hmm, I have the same experience like this...
I have a coin named "Grimcoin", I got a lot of coins from airdrop and bounty in February 2018. at the middle of March, my Grimcoin got pumped to 2k sat per coin by pump&dump groups in coinsmarkets exchanger.
 
When I want to sell my coins, is already dumped from 2k sat to 800 sat. I decided to put sell order to 1k sat and hoping it will pump again to 1k sat. Unfortunately, this coin keeps dumping until 300 sat. So I only can sell at this price...  :'( :'(

I have done the Bill things many times and in reverse too, not sold when my coins mooned in January. It's very hard to sell and buy at the right times. Other things not to do like I have done is fomo in and buy coins and tokens at their ATHs as well. That is another big NO-NO in my books. We all need to learn from these examples and follow the proper trends and act accordingly. With time we can manage to grow nice portfolios if we really work hard and don't waste time and make big mistakes like Bill and I have made in the past and lost out on huge gains.

Every day a new experience in the crypto market, unfortunately experiences are not very useful every time. No matter how good our choices are, the trend may change at a time. When i find the opportunity, i realize the profit.

In the case of trade is a good opportunity to be taken, not to be forgotten. The first experience of a beginner who hasn't eaten salt acid in the market yet. So this is a good inspiration to get knowledge about the market.

It depends on where bill bought his crypto. If he not loss, then bill must be greedy because not grateful for his profit and it is ok if he miss peak price. Don't do what bill do and keep grateful with what we get  ;D

well, all of us can be Bill from time to time when emotions go ahead of rational thinking. let's just put up with the fact no one can know everything and make no mistakes

Those are classical scenario of the reality of the market. Sometimes you win and at other times you win.  ;D

For me, I usually don't regret my decision when I decide to take whatever decision I take. But if I'm there I couldn't take a decision either the exchange site was down, then I blame the exchange for not giving me the opportunity to make a decision.

Bill was too eager to earn immediately without thinking and without basis. Unfortunately, most of the newbies in cryptocurrency do this way. And at the end, after the price of the bought token risen up, regret feeling comes to their senses. Buy on the dip. But how do they know if it is really the dip or do just a trap? They have to still instill some wisdom or techniques to acquire success.

I understand how he feels missing such opportunity. I've been there so many times like i cant remember how much money and opportunity i lost because i dont know how to read the chart and only trust my instinct and even my own speculation. Knowledge will always be your weapon to win every battle so doing our own research first before investing is very effective to minimize those risk.

LOL that picture so funny ;D
it's good advice for people who holding potential coin, but for PnD coin that's very not good
we must hold coin depend on quality the coin, not all coin can be hold

Just noticed your reward and wish to appreciate you: Personally I had the sad experience, came into crypto with so much hype and frenzy around it, heard of people that sold their cars and Important belongings to participate, just let them be cautioned

Memes about crypto is the best that I have ever seen.  ;D But if to be serious here, the situation is not so fun at all, a lot of people do such mistakes because they just don't believe in the crypto's future.

At what price you sold your eth? As far as I remember, last year price isn't that good so I don't think there's nothing to regret. And maybe it will be more regretful for not selling it last January when eth had its ATH with $1200.

Bill hold too much altcoins. Don't be like Bill.
Be like Ben that hold bitcoin.  8)