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Author Topic: What to do when price keep dropping ?  (Read 4129 times)
kheysha
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September 21, 2017, 02:37:31 PM
 #141

The only thing that I do is calm down and stay cool Cool lol . i guess we dont need sell a coin. just watch it , as we see now bitcoin have a progress for future so dont panic. dont forget about rumors, rumor can make the BTC price decline as the previous incident. you will lose if you sell
I agree with you selling Bitcoin when the low price is suicide.
stay calm and if you have a lot of money I will buy it again when the price is down.

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September 21, 2017, 02:40:34 PM
 #142

If the price is dropping i think you should wait and observe for some time, after waiting for a few days if the price still keep dropping you should just use you bitcoins / change it to some other currency
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September 21, 2017, 02:45:04 PM
 #143

Whether to dump a coin in case of drop depends upon the coin you invested. If you see some potential in the coin because of marketcap, project or whatsoever reason, hold as your coin will eventually recover in long term. But if the coin you invested is just a pump and dump driven, then sell your coin before further loss. Also, it depends upon how much loss you incurred. If your investment has dropped like 70-80%, then there is no fun in selling. In such situation holding would be better.

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September 21, 2017, 03:27:16 PM
 #144

What to do when price keep dropping ?

Keep our spirit high, dont panic, leave your emotions aside. Think long term.
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September 21, 2017, 03:42:37 PM
 #145

It is best to just hold. I have made the mistake of panic selling and buying. Just relax and hold and it will go up overtime. I remind my self daily to stop panicking and just hold.

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September 21, 2017, 03:46:52 PM
 #146

If iam sure of my TA of my coin i will hold and think for rebuy at dip
And if TA is say it will go more down so it;s time for stop loss
And keep in ur mind that trend is your friend
Go with trend
Not to think go against trend
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September 21, 2017, 03:51:16 PM
 #147

I think it's better to save and wait when the price will stop dropping, because according to the history of the time the price dropping untill the owner of bitcoin until despair with the situation also the end of the price recovered again with significant value, so just relax because bitcoin is not stuff that can expire

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September 21, 2017, 03:58:07 PM
 #148

I would try to guess the local minimum and buy more (if you have some spare funds to invest). This is also called "buy@dip" (see upper posts).
Doing this will 'dissolve' your purchase price.

Same with initial buying — do not spend the whole amount at one time.

Ex. you have 4000 to invest. First, you buy 0.5 BTC for $4000, spent $2000. Then, price drops to $3000, and you buy 0.5 BTC more. Now it is identical to buying 1 BTC for 3500. Now if BTC drops to 2700, you would lose $700, not $1200.

Of course, if BTC price raises to 5000, you would have to buy 0.5 for 5000, and the total purchase price would be 4500. However, an unrealized gain is always better than a realized loss, keep that in mind.

Take care!
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September 21, 2017, 04:02:03 PM
 #149

It will stop dropping at some point I believe. I'd advise to hold and not to panic and maybe if you feel confident about a specific coin go invest some more  Tongue



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September 21, 2017, 04:07:56 PM
 #150

as with any cryptocurrency that shows even a glimmer of Promise the best advice seasoned Trader can give you is to buy and hold, there's really no other strategy that's guaranteed to profit... cryptocurrency has only begun its urge to popularity and while individual Ico projects may suffer Bitcoin declining a few hundred dollars is nothing, solar sat around and watched it go from $0.20 to $1,000 back down to $20. just be patient with your currency and only sell it when you feel that you've gained enough money to justify your investment and the amount of money time and energy that you put into it.

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September 21, 2017, 07:37:55 PM
 #151

I turn off notifications and go to sleep or enjoy my day. Over the years I've learned that it's better NOT to do anything at all if things go down because in the end they come back up. Sure, this doesn't work for shitcoins but if you have your money into proven coins, it's always best to just wait.

There's a quote that circulated on twitter recently, time is everything, timing is nothing.
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September 21, 2017, 07:49:12 PM
 #152

I turn off notifications and go to sleep or enjoy my day. Over the years I've learned that it's better NOT to do anything at all if things go down because in the end they come back up. Sure, this doesn't work for shitcoins but if you have your money into proven coins, it's always best to just wait.

There's a quote that circulated on twitter recently, time is everything, timing is nothing.

Nice quote and exactly right, time is everything. But I need to admit my timing could be much better in terms of my trading behavior. It is not easy just to stay calm, when you see everything dropping and you do not exactly know why.

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September 22, 2017, 03:12:36 AM
 #153

What to do when price keep dropping ?

I think the best thing to do when prices keep dropping is to hold on to our bitcoins and not sell them. We should wait for the prices to go up to be able to do so. Patience is a virtue, waiting is always the best option, specially if you're not in a hurry to sell your coins and gain profit from it.

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September 22, 2017, 03:16:59 AM
 #154

there is nothing you need to do when price keep dropping, just hold it
Never sell at loss, all the coins will rise again if it is time
If you cutloss you Will regret it Cool

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September 22, 2017, 03:35:26 AM
 #155

there is nothing you need to do when price keep dropping, just hold it
Never sell at loss, all the coins will rise again if it is time
If you cutloss you Will regret it Cool
sometime we neet cutloss to invest some other coin gain more profit and can comeback later

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September 26, 2017, 09:58:25 PM
 #156

For me, that is the time to try another cryptocurrency to invest. Try another coins that can be easily bought and will increase its price. Also, at that time, it is good to buy that cryptocurrency, and hold and wait until its price increases. We only need patience and perseverance to become rich.

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September 26, 2017, 11:00:26 PM
 #157

When price keeps on dropping, you better keep on buying.

-Paulo Coelho

PS seriously now, what coins in particular you have in mind OP. It all depends if its a s*itcoin or not lol.

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September 26, 2017, 11:52:36 PM
 #158

When price is droping you need to identified it. Is it just whale try to make a panic sell or is it whale want to exit their position. There is two kind of dropping price. But if you think that the fundamental of the coin is strong you dont need to worry. In crypto world some times you can up 100% in one day and down 100% in a day.

Identification of the drop is more important and then make decision.

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September 27, 2017, 02:41:51 AM
 #159

What to do when price keep dropping ?

Keep calm down dont worry about that. If you know that the bitcoin price was dropping you should know or should move so that you are not alarming about that we know that currency are not fixed its fluctuating and other country are dropping there investment like china and other countrys so that bitcoin price was going down.

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September 27, 2017, 04:43:18 AM
 #160

I believe the bitcoin price will go up to 5000$ soon. Price for other valuable altcoins will rise up accordingly. So I sold my cars and invested to the cryptocurrency.

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