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Author Topic: What do you Do When You Run Out of Money to BUY During Such a Great Opportunity?  (Read 2472 times)
Yuhee
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September 25, 2017, 08:35:24 AM
 #41

I stay away from borrowing or margin, thats the easiest way to turn a little dip into a bloodbath. When I run out of money I take a long look at my positions and re-evaluate. If they are all still valid and I believe in them, then I delete Blockfolio from my phone and walk away from the computer for a few days  Tongue

Yeah, this is not easy to do, not all trader has that confidence, nice one.
A trader can only throw away the computer by the side for days leaving an open market if he is a master of his game plan. Most times, the trades eventually ends in profit


As qouted by one of the decipticons on transformers, "sometimes cowards do survive". Relating it to btc, better lay low than risking anything that you dont have. I think im right to say that we all in some point in our life and it is really frustrating when we lose some big cash and even having debt to whoever and how much you've lost just by desperately wanting to acquire goods that is out of your reach.

                                     
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September 25, 2017, 08:39:19 AM
 #42

Well, you can borrow on exchange. Poloniex is good place to trade and to borrow. Just in case you run out of money and you need them because you don't wanna miss the opportunity to get some profit. Or you can sell your holdings where you put all your money. But that's impractical thing to do. That's why lending service gives you quick solution. If you don't want any liabilities. Then you have to wait for your altcoins to pump at the good price and sell them and buy again. This needs patience though.



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Ann Impas
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September 25, 2017, 09:11:56 AM
 #43

for me if the really big opportunity will be maybe 3-5 months from now what i will do is work for a campaign and get enough funds to get a moon high worth of profits.

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September 25, 2017, 10:34:52 AM
 #44

You pretty much have no choice but to wait if you don't have any money anymore. Unless you're conaidering making loans for trading which for me is highly unadvisable.

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September 26, 2017, 07:45:09 PM
 #45

So, I'm loving that Bitcoin and other cryptocurrencies are crashing. It's been giving me plenty of opportunities to buy in on the markets. However, the markets are so low that I've bought ALL IN with my funds.

Here's the problem...

So many cryptocurrency markets are tanking... which means there are SO many opportunties to make money. But I can't buy anymore, because I'm all bought in.

Do I now wait until we go to the moon (or at least another high)? Do I try to day trade this?

How would you approach this?

The waiting is killing me and I want to play in the markets more!

In my opinion the prices will continue to go down so we'll have more time to buy cheap coins. Just try to make some money in the meanwhile and then buy...
You are very correct! If you have some money to spare, I will suggest you split and buy at every consecutive dip. However, any time anyone buys now, you won't regret it most definitely.

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September 26, 2017, 08:24:39 PM
 #46

If your patients is not enough to wait anymore you can start day trading on which is you need more time to find a coin which have a good opportunity to rise within a day or you will find a coin which is for longterm and hold it so that you will earn a good profit.

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September 26, 2017, 08:31:35 PM
 #47

So, I'm loving that Bitcoin and other cryptocurrencies are crashing. It's been giving me plenty of opportunities to buy in on the markets. However, the markets are so low that I've bought ALL IN with my funds.

Here's the problem...

So many cryptocurrency markets are tanking... which means there are SO many opportunties to make money. But I can't buy anymore, because I'm all bought in.

Do I now wait until we go to the moon (or at least another high)? Do I try to day trade this?

How would you approach this?

The waiting is killing me and I want to play in the markets more!

If you have money invested in an altcoin that has gained value, you could liquidate that. Or even if you stock market investments that have made money in the bulk market, you could cash those in.

Otherwise, you're probably going to have to wait for Bitcoin to increase again to a new high and then start your trading cycle with a sell. I try to leave myself some leverage by never using all of my cash for a buy  or all of my Bitcoins for a sell but it doesn't always work out if the price keeps moving in one direction for a long time.

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September 26, 2017, 10:12:07 PM
 #48

If your patients is not enough to wait anymore you can start day trading on which is you need more time to find a coin which have a good opportunity to rise within a day or you will find a coin which is for longterm and hold it so that you will earn a good profit.
If you did able to read up the concern or the thing saying on op then you would really lose up patience on holding your coins and if you dont have money to buy on the best opportunities.This kind of situation is common among traders even myself do experience such thing on where you wont have any choice but to let the opportunity pass since you dont have anymore money to spend on.

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September 26, 2017, 10:27:15 PM
 #49

Well, you can borrow on exchange. Poloniex is good place to trade and to borrow. Just in case you run out of money and you need them because you don't wanna miss the opportunity to get some profit. Or you can sell your holdings where you put all your money. But that's impractical thing to do. That's why lending service gives you quick solution. If you don't want any liabilities. Then you have to wait for your altcoins to pump at the good price and sell them and buy again. This needs patience though.

Or he can borrow money from a friend, parents, relatives, acknowledges... That is unsual, but I think you can negotiate better rates than borrowing money online, especially if your parents can lend some money to you. If you are really good trading and growing your money online you can be very confident about it and go on without much fear to have losses.

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September 26, 2017, 11:48:05 PM
 #50

You are very correct! If you have some money to spare, I will suggest you split and buy at every consecutive dip. However, any time anyone buys now, you won't regret it most definitely.
haha it also happened to me several times. After i bought the price still continue to down.
however, i did like what you said. Then never lost any chance buying at the dip Wink
Never go all in when buying or selling

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September 27, 2017, 04:38:00 AM
 #51

Actually no i always used to miss many opportunities in the past because of this so instead what i did was save 40% of my profit from all trades and save it in my wallet if i see any opportunity i immediately deposit and perform the required trade something if that wallet is empty i hold many xmr and is invested so if required i withdraw those to perform the trade.
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September 29, 2017, 07:04:16 AM
 #52

So, I'm loving that Bitcoin and other cryptocurrencies are crashing. It's been giving me plenty of opportunities to buy in on the markets. However, the markets are so low that I've bought ALL IN with my funds.

Here's the problem...

So many cryptocurrency markets are tanking... which means there are SO many opportunties to make money. But I can't buy anymore, because I'm all bought in.

Do I now wait until we go to the moon (or at least another high)? Do I try to day trade this?

How would you approach this?

The waiting is killing me and I want to play in the markets more!
Don’t ever put all your funds all in at once on a particular trade and you should have a target for the coin you are purchasing even as it goes deeper. No matter what however, always have some BTC left for you to use in case you need to quickly diversify before the present trades you are holding gives you profit. This is how a normal trade should trade.

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September 29, 2017, 08:22:34 AM
 #53

So, I'm loving that Bitcoin and other cryptocurrencies are crashing. It's been giving me plenty of opportunities to buy in on the markets. However, the markets are so low that I've bought ALL IN with my funds.

Here's the problem...

So many cryptocurrency markets are tanking... which means there are SO many opportunties to make money. But I can't buy anymore, because I'm all bought in.

Do I now wait until we go to the moon (or at least another high)? Do I try to day trade this?

How would you approach this?

The waiting is killing me and I want to play in the markets more!
When I am a poor person, I have too many opportunities, but too many opportunities come to me, that I have no money to invest in them it. The only thing at the moment is to look at it with other people  Cry Cry Cry

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September 29, 2017, 08:57:30 AM
 #54

Well, you can borrow on exchange. Poloniex is good place to trade and to borrow. Just in case you run out of money and you need them because you don't wanna miss the opportunity to get some profit. Or you can sell your holdings where you put all your money. But that's impractical thing to do. That's why lending service gives you quick solution. If you don't want any liabilities. Then you have to wait for your altcoins to pump at the good price and sell them and buy again. This needs patience though.

Or he can borrow money from a friend, parents, relatives, acknowledges... That is unsual, but I think you can negotiate better rates than borrowing money online, especially if your parents can lend some money to you. If you are really good trading and growing your money online you can be very confident about it and go on without much fear to have losses.

This is what I'm thinking. Borrow to maybe a family member without any interest and then put it in bitcoin. And later you can pay them if bitcoin price spike once more. You just sell the amounts you need to pay, then hodl it again. You already make money out of money. I haven't try it but its always on my mind specially if there is a good opportunity to buy bitcoin during its dip. We don't want to miss those opportunity and regret not buying it.

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September 29, 2017, 08:58:22 AM
 #55

if you bought anything back when this topic was started instead of worrying about the drop, FUD or running out of money then you would have had 40% profit on anything that you invested.
for example if you bought 1BTC at least back when the drop happened you could have about $1000-$1200 profit now that the price has recovered and it is rising. then after the rally happened and you expected a correction you could have sold and have >140% of your initial amount.

this is how you build up your funds. you can also take 20% of profit out and keep the other 20% in and trade with 120% of your initial amount.

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September 30, 2017, 11:15:43 PM
 #56

If the waiting is killing you and you want to play in the markets more while you have currently no money, I suggest to start mining crypto currencies on credit.

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October 03, 2017, 08:22:12 AM
 #57

So, I'm loving that Bitcoin and other cryptocurrencies are crashing. It's been giving me plenty of opportunities to buy in on the markets. However, the markets are so low that I've bought ALL IN with my funds.

Here's the problem...

So many cryptocurrency markets are tanking... which means there are SO many opportunties to make money. But I can't buy anymore, because I'm all bought in.

Do I now wait until we go to the moon (or at least another high)? Do I try to day trade this?

How would you approach this?

The waiting is killing me and I want to play in the markets more!
Don’t ever put all your funds all in at once on a particular trade and you should have a target for the coin you are purchasing even as it goes deeper. No matter what however, always have some BTC left for you to use in case you need to quickly diversify before the present trades you are holding gives you profit. This is how a normal trade should trade.
It is a great idea to keep few Bitcoins in your wallet no matter what the circumstances are. As far as running down of money is concerned, I think you can go for taking loan but only when you have some plan in your mind. Loan is very much risky especially when you don’t have a good plan in your mind in order to use that amount carefully.


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October 03, 2017, 04:03:27 PM
 #58

If I run out of money to buy then I just watch it even if it is the best chance ever, and try not to regret what is going on. and in fact it happened a few weeks ago.

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October 03, 2017, 04:48:48 PM
 #59

Well, you can borrow on exchange. Poloniex is good place to trade and to borrow. Just in case you run out of money and you need them because you don't wanna miss the opportunity to get some profit. Or you can sell your holdings where you put all your money. But that's impractical thing to do. That's why lending service gives you quick solution. If you don't want any liabilities. Then you have to wait for your altcoins to pump at the good price and sell them and buy again. This needs patience though.
i will sleep, nothing will happwn, i just wait for the next turn, i will save enough money. i will take that as a lesson needed to be learned not a regret that make me feel lazy and sad. so that when it is a right time again, i will buy a huge amount of it because i have a lots of money then. i dont want to have a debt or credit to others because i dont want to pay them some of money that i have been earned.


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October 03, 2017, 11:47:08 PM
 #60

So, I'm loving that Bitcoin and other cryptocurrencies are crashing. It's been giving me plenty of opportunities to buy in on the markets. However, the markets are so low that I've bought ALL IN with my funds.

Here's the problem...

So many cryptocurrency markets are tanking... which means there are SO many opportunties to make money. But I can't buy anymore, because I'm all bought in.

Do I now wait until we go to the moon (or at least another high)? Do I try to day trade this?

How would you approach this?

The waiting is killing me and I want to play in the markets more!

I'm in a very similar situation to you; in that I invested most of my money in BTC & have no additional income source at the moment, so I'm just waiting.

I'd suggest you just do like me and play it cool, while you wait for BTC to go back up and profit. Smiley

I hope you have started ripping your bitcoin investments now because the price has been moving upwards and you are seeing some profit depending on your entry price. Enjoy the benefits of your investment  Grin
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