Johnzky
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Activity: 616
Merit: 30
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January 15, 2018, 05:31:26 PM |
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Hello. I have a folio of BTC, ETH, NEO and some alts. I've been watching at Bitcoin since 2015 but bought only at this summer (and the last move was quite bad, I bought some BTC for $4600). I try to study, watch vids, read forum and twitters. Chris Dunn has a vid on the topic but nothing really specific. I'm interested in some ideas about what to do when prices are falling. Sell alts and hold bitcoin? Short? (and if yes, so the next question is how to learn how to short?).
hold still all your main coins are tried and tested being top 123 on the spot for a long time gives us encouraging idea to trust and continue support those on your portfolio and about those alts.hold them all if you dont need the money for emergency?hold and stay strong for those coins have their own future here in crypto |
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rodskee
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Activity: 2366
Merit: 191
★Bitvest.io★ Play Plinko or Invest!
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January 15, 2018, 05:41:17 PM |
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I'm relaxing calm down patience and waiting again to bounce back the price even if how is long time i will wait to back again in the same price.
Nervious and panicking if the price are falling dump are not healthy to us as a traders because if you don't want to losse more in your investment don't make yourself paranoid because of nervous then sell the coins in the very lowest price.
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Compradora
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Activity: 88
Merit: 10
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January 15, 2018, 06:21:02 PM |
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I'm relaxing calm down patience and waiting again to bounce back the price even if how is long time i will wait to back again in the same price.
Nervious and panicking if the price are falling dump are not healthy to us as a traders because if you don't want to losse more in your investment don't make yourself paranoid because of nervous then sell the coins in the very lowest price.
I generally prefer to relax during that thing. Panic and acting fast doesn't help me to cordinate my trading positions. Better one is calming down totally. |
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marlboroza
Legendary
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Activity: 1932
Merit: 2270
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January 15, 2018, 06:22:26 PM |
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Well, there are only two strategies:
1) Sell fast everything
2) Wait for a new rise
of course, it depends from your evaluation of the market, from your capacity to take risks, from your luck... :-)
I can't agree with first one. Prices are always raising and falling if you sell every time when you see drop you will lose money very fast. Only important is not to panic when price is falling and follow 2) hold and wait. Assuming that you didn't invest in only one coin and assuming that you invested only what you can afford to lose. |
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SergiOLa
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Activity: 126
Merit: 11
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January 15, 2018, 06:31:17 PM |
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it is our risk as a trader, we know this digital money has a narrow trading space and the number of competitors is getting tighter, my advice when the price starts to fall, you should be mentally prepared, whether you do not prepare from the beginning of the plunge.
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BTCdoaA
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January 15, 2018, 06:37:06 PM |
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Stay positive made a cup of coffee and have some patience because it is the only key of success when market fall also don't be creedy sell when have a good profit .
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km4700ruda
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January 15, 2018, 07:31:37 PM |
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Just relax yourselves, do not join a panic situation because you will lose a lot of money if you keep looking at what you have lost in there. At some point, everything is going to go up again, so there is no need to worry about that
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bennie4
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Activity: 224
Merit: 21
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January 15, 2018, 07:49:50 PM |
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Hello. I have a folio of BTC, ETH, NEO and some alts. I've been watching at Bitcoin since 2015 but bought only at this summer (and the last move was quite bad, I bought some BTC for $4600). I try to study, watch vids, read forum and twitters. Chris Dunn has a vid on the topic but nothing really specific. I'm interested in some ideas about what to do when prices are falling. Sell alts and hold bitcoin? Short? (and if yes, so the next question is how to learn how to short?).
If you are a trade you will have to set your goals when entering the order. Set target, stop loss. I think stop loss 5% and target 10% |
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baghdatis1990
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Activity: 504
Merit: 14
Miracle Tele
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January 15, 2018, 08:47:15 PM |
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Hello. I have a folio of BTC, ETH, NEO and some alts. I've been watching at Bitcoin since 2015 but bought only at this summer (and the last move was quite bad, I bought some BTC for $4600). I try to study, watch vids, read forum and twitters. Chris Dunn has a vid on the topic but nothing really specific. I'm interested in some ideas about what to do when prices are falling. Sell alts and hold bitcoin? Short? (and if yes, so the next question is how to learn how to short?).
First of all if prices fall, we do not have to consume and die. Once you've invested in a currency, trust the coin you pay. Trading has tremendous fluctuations for any currency. As it has decreased, you have to expect to grow. Even if it lasts more or less. Second, you do not have to invest more than you can afford to lose. If prices drop, you will not sell it to minus. Expect to grow again to make some profit, then sell and buy something else. Simple! |
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rejin29x
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January 15, 2018, 09:35:01 PM |
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I think it is very important to understand who you are an investor or trader. If you assume a coin is bought long ago or not at high levels, then you can relatively calmly wait for a drawdown. Especially if the coin has potential. And if you position yourself as a trader, then buying a coin is not cheap and without using a stop loss you can easily turn into an investor for months, and if this shitcoin is possible forever. Practice shows that a stop loss gives more benefit than harm. Of course there are specialists who work almost without stops, but this is a other story.
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Partizanai
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Activity: 112
Merit: 10
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January 15, 2018, 09:52:55 PM |
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i would suggest to use stop-limit market feature on the exchange, this may save you money in the declining markets
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Crytptohack
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Activity: 126
Merit: 15
HodL!
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January 16, 2018, 02:39:22 AM |
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Most people HodL long term. If that is your plan, do nothing when prices are falling. Some people hold onto cash/ETH that is set aside for buying on big sell offs.
Using technical analysis helps find potential bottoms and support levels. I've noticed that BTC usually holds the 50 dma or a fibonacci level.
GL
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anavir
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Activity: 350
Merit: 12
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January 16, 2018, 03:51:33 AM |
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if it is not badly needed..my opinion is to hold and be patient to wait until it is back to high price..or you may trade one fourth of it but save more that way when it rise again you will gain more profit
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Ziskinberg
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January 16, 2018, 04:37:45 AM |
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if it is not badly needed..my opinion is to hold and be patient to wait until it is back to high price..or you may trade one fourth of it but save more that way when it rise again you will gain more profit
Hold because patience is the key to success, you won't be making money in crypto if you are not smart as you might be victim of the price manipulation that you will decide to sell because you will panic. If you believe in bitcoin, you should have the will to hold it longer. |
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Syakir1989
Jr. Member
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Activity: 172
Merit: 3
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January 16, 2018, 04:39:07 AM |
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If bitcoin prices go down, I suggest that we pray for prices to rise so we do not panic until selling bitcoins at a low price, I think it's better to wait because I'm sure the price will go up again.
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rodelhomecillo
Newbie
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Activity: 76
Merit: 0
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January 16, 2018, 04:45:00 AM |
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I think you have to spot the reasons that made price falling down. Then figure out to keep holding or immediately sell it . Don't do it with your heart, do it with your minds.
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razer214
Newbie
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Activity: 13
Merit: 0
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January 16, 2018, 04:45:41 AM |
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Today most coins dropped around 10%, for me its a good buying point
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deathwish
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Activity: 123
Merit: 10
Enjoy the journey...Live in the now...Future will
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January 16, 2018, 05:03:05 AM |
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When prices are falling, thats the time to spend time with your friends and family. It is stressful to keep seeing the RED on coinmarketcap and it is very normal for the RED to happen. Dont give in to panic and fear. Let it sail through. It always bounces stronger.
CHILL and Relax. Leave the phone and get some time with family.
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natsu01
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Activity: 392
Merit: 21
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January 16, 2018, 05:10:06 AM |
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When i saw that prices of my altcoins is falling down or decreasing I just hold it until it's price will back to normal or get higher form what i am expecting price. I dont rush to sell or dump it because sometimes it's just their tricks to let users or traders sell their altcoins.
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shezu007
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January 16, 2018, 05:14:39 AM |
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When i saw that prices of my altcoins is falling down or decreasing I just hold it until it's price will back to normal or get higher form what i am expecting price. I dont rush to sell or dump it because sometimes it's just their tricks to let users or traders sell their altcoins.
Very excellent method you are following. And that is the way of becoming success and great trader. up and down of price is the property of crypto currency and due to this property trader are taking interest in crypto so as price start falling then you need to hold your coin or start buying for coins as price again increase then you can make enough profit by selling in this way. |
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