rejin29x
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December 27, 2017, 11:58:09 AM |
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For me the best thing to do when the prices are falling is dont panic, because when we panic immediatley we will surely comes on our mind to sell it with the very low price so in that way we are the loosers, so another best thing to do is to hold it until the price of it will rise again and always trust and believe that when the prices are falling is it will not take too long
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Asmonist
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December 27, 2017, 12:49:45 PM |
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This is the time where your patience is highly recommended. Basically when the price goes low means an opportunity to buy at low cost. Otherwise, to wait and believe for the price to go up. Its not always a walk in the park. We need to wait and be patient and positive that it will go up again. Tendencies are we might be panic and bargain to sell it. Personally I have a trade and it took me six months until I decided to sell it. Good thing the bitcoin price is higher than the time I bought it.
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Saichoukyushin
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December 27, 2017, 01:15:08 PM |
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This is the time where your patience is highly recommended. Basically when the price goes low means an opportunity to buy at low cost. Otherwise, to wait and believe for the price to go up. Its not always a walk in the park. We need to wait and be patient and positive that it will go up again. Tendencies are we might be panic and bargain to sell it. Personally I have a trade and it took me six months until I decided to sell it. Good thing the bitcoin price is higher than the time I bought it.
Sometimes patience is more rewarding why? If you saw the market falling first you will not sell its only a few satoshi below from your buying price and when it goes down again you will think on it that it can recover but somehow it continous to dump and you will be triggered to sell at loss and then its the bottom support and its goes up so you loss and you will buy high again. For me its better to have a patience than anything else.
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qiman
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December 27, 2017, 01:22:55 PM |
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It is very difficult to determine what to do in any given situation because every bear run has a different hall mark and a different set of parameters attached to it. You need to firstly see what the news is surrounding the bear market. Also you need to read the charts and check on volume and community behind each coin and also the sentiment around Bitcoin at the time. Once you can see and feel what is going on around the market you can try to assess what is better for you in the short term and also long term.
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BobBct
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December 27, 2017, 01:31:41 PM |
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I usually do is set a stop-loss and when the price reach that specific stoploss i will sell at that price or if i'm in the mood of holding i will just not care about the price and let it grow.
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poplolnman
Legendary
Offline
Activity: 1442
Merit: 1008
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December 27, 2017, 02:37:02 PM |
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Since you collecting not just bitcoins but multiple coins. What the proper way to do most especially if the coins are falling is to buy more of that coins in dip and keep holding on the other coins and wait for the peak before you let of it. Or just do a long term investment especially on bitcoins because that is a very promising coins in the future.
That's true, create a strategy like don't put the whole money you have at one place, put a little amount of money as a backup in case the price get dropped and you executes it to keep buying until it get recovered, so you would make another profit even there's a huge drop.
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I'm in 400,000 euros debt , dont help me , i rather die
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mrcastelo
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December 27, 2017, 02:54:39 PM |
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If you believe in the coins you are holding and you see there prices falling , I think its an opportunity for you to buy more of the coins you have so you can average down especially if you are able to buy your coins on ita peak price.
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pedromonteverde
Newbie
Offline
Activity: 45
Merit: 0
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December 27, 2017, 03:45:16 PM |
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There are only 2 ways for you to choose : 1- Sell immediately and change your direction. 2- Hold till it reaches back to the price you buy and sell them all.
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bavian
Member
Offline
Activity: 115
Merit: 10
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December 27, 2017, 06:04:25 PM |
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I think it's depend on the situation that you can save it or not. Because if you can save it you could hold till it reaches back but if the situation is bad , i think you have to sell them all to solve the situation.
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dogeeeeeeee2
Newbie
Offline
Activity: 39
Merit: 0
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December 27, 2017, 06:26:50 PM |
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Since you collecting not just bitcoins but multiple coins. What the proper way to do most especially if the coins are falling is to buy more of that coins in dip and keep holding on the other coins and wait for the peak before you let of it. Or just do a long term investment especially on bitcoins because that is a very promising coins in the future.
That's true, create a strategy like don't put the whole money you have at one place, put a little amount of money as a backup in case the price get dropped and you executes it to keep buying until it get recovered, so you would make another profit even there's a huge drop. People are panic when the price is falling down insane and they will sell them immediately to protect their money. Repeat that situation a few times and there is nothing left in their balance.
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JayT22
Member
Offline
Activity: 168
Merit: 10
Privacy is freedom!
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December 27, 2017, 06:32:44 PM |
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when prices are falling i usually start to my next tobacco shop to buy a btcbon. https://www.bitcoinbon.at/the good thing is u can buy the bon 24/7 in every city in my country. u can choose between BTC/LTC/ETH with ur bon if u want to redeem it. the best move of this u can buy the btcbon and hodl it,its like a credit bon for phone sim cards. i keep this btcbon`s until the price is really low and than i can be really quick redeem it for coins ;-) thats my best choice for quick trading.
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keyzersoze
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December 27, 2017, 06:36:19 PM |
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Just HODL the coins you believe in, look for exit points on the ones you can live without. And if you have any spare cash lying around, buy that coin you’ve always wanted, on the dip
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DiabolicAnt
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December 27, 2017, 07:13:26 PM |
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Just keep calm and keep holding if you are sure in the project!
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Lang09
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December 27, 2017, 10:10:55 PM |
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When Bitcoin crashes, if you're planning to invest, that's the best time to buy a bitcoin, it should not be missed because this is the opportunity to buy a bitcoin at a cheaper price. But if you're holding Btc, do not sell it first. Just have a patience to wait because it will rise again.
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Question123
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December 27, 2017, 11:17:38 PM |
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For sure if you hold your bitcoin until now you can make more profit because the price of bitcoin today is 15,000 dollars ans for sure it will increase again. You don't need to study how to shorterm because if you see the price decrease buy bitcoin and for sure after few days it will increasw and for sure you make some profit. But better id you hold your bitcoin for longterm.
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chichigirl
Sr. Member
Offline
Activity: 588
Merit: 251
HELENA
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December 28, 2017, 12:43:33 AM |
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For me, when the price are falling, i need to make a good analization about it. Most of the time i just keep and hold it until the price goes up and back again but sometimes i need to sell it and forget the losses and trade again to gain in other coins.
But, it's your own choice beside that is your investment, you can do whatever you want.
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TheKeyLongThumbI
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December 28, 2017, 03:19:31 AM |
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Just don't panic and always remember that it's a lose of you have sold it on a its dip. I have proved that it's really true and I'm still calm even my coins are hit hard on the bottom because of bitcoin but now they are recovering so fast.
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Vanshenz
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December 28, 2017, 03:54:29 AM |
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If the price goes down then all we have to do is hold back do not panic selling, because if panic selling then we will experience the loss, so we must be patient to hold it ..
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juli50
Full Member
Offline
Activity: 278
Merit: 101
Staker.network - POS Smart Contract ETH Token
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December 28, 2017, 04:04:26 AM |
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You can try to sell when its starting to go down and pray for that. In my case im just a holder. I dont care if the price go down 2 days. I just hold the Coins for 1 or 2 years and sell when I do a good profit. Whenever I sell a coin it goes up, thats Why in a holder. Im really bad trading.
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lucy1215
Member
Offline
Activity: 105
Merit: 100
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December 28, 2017, 10:05:37 AM |
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The best to do when prices are falling is just hold and do not panic because eventually it will rise again just be patient and hold your investments. As i had observed the crypto market it always recover during the down fall so dont be too stressed and panic selling because you may end up at loss.
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