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Author Topic: What to do when price keep dropping ?  (Read 4129 times)
Jack Lee2222
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September 27, 2017, 04:43:18 AM
 #161

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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September 27, 2017, 04:51:24 AM
 #162

What to do when price keep dropping ?
Just hold your coin and wait for the pump of its value and i think you know the consequences of investing in crypto currency there is a tendency to fluctuates its value and you should know the risk of your investment. But i suggest that if you want to hold coin just choose on the reputable coin or the top coins in the crypto market because i am sure that even their value dropping it will have a big change to recover and surpass their previous highest value.

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September 27, 2017, 06:04:01 AM
 #163

To those of you that own lot of coins.  Do you like it when the price drops if you plan to buy more coins?  The reason being if coins fall in price, the value of your coins drop.  But you can buy more coins at cheap price.


My thinking is its good only if you want to buy more coins?  But not if you have enough and don't plan to buy anymore?



Are there ppl here that buy lot of coins but do not trade at all and just hold and when new coins come they just buy and hold and DON'T DAY TRADE?
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September 28, 2017, 02:44:43 PM
 #164

When the coin price keeps dropping you will be at panic first, but be calm it is a good time to not sell your coin just store and wait for the right time because after that crisis, I’m sure your coin has the right value.

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September 28, 2017, 03:28:33 PM
 #165

selling your car to buy bitcoin? awesome faith dude!
I would use it mostly on btc and eth which is the most trustable, the other 10-20% to buy some alts,, or even a few percents to buy tokens
And yeah, for investment purposes holding it is better I guess, just check it every several weeks

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September 28, 2017, 03:34:31 PM
 #166

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.

Nobody can accuse you of lacking conviction.

Let's hope you didn't need that car, or you'll end up being able to buy several cars.

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September 28, 2017, 03:44:37 PM
 #167

Hold what you have and buy if you have spare money. Usually when prices drop there is no other way but to go up. You just need a lot of patience and confidence in what you have. I hoarded XMR when the price was low af and after a few months boom profit on trade.
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September 28, 2017, 04:16:14 PM
 #168

Hold and do some research, find out if there are any updates coming in the next few months! Coins can pump on even just a tiny bit of news/potential in this game Roll Eyes

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September 28, 2017, 04:45:04 PM
 #169

I think we should be calm and not sell Bitcoin at this time. We have to wait for Bitcoin to be pumped from Chinese investors because China has made Bitcoin prices a lot of impact and this is not really good.
Yes that's right! because, if carried away do you think who is the looser? Just stay still, relax and just keep on waiting until it resume again at the original value of the coins or more.

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September 28, 2017, 05:44:08 PM
 #170

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.
it is just due to one of the exchange which has stopped the exchange of bitcoin upto 30th sep and i think it is just for a short time and and indirectly it have given a very good chance to the investors to invest in it. the price was good then to invest and now it have recovered to previous value. now it is back on track and hope it will soon upto the the $5000 track.

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September 28, 2017, 08:25:32 PM
 #171

When the coin price keeps dropping you will be at panic first, but be calm it is a good time to not sell your coin just store and wait for the right time because after that crisis, I’m sure your coin has the right value.
Indeed the drop in the prices of an coins gives a big shock to its holder. Basically, they are going through loss and the fear of staying in that condition forever also makes some sense but an investor of digital currencies must bear this fact in his mind, No matter what, the price will at least touch the previous peak for sure in the coming time. Like bitcoins are now making a stable recovery! but this way every investor and traders need to be patient with their coins for the purpose of good profit.
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September 28, 2017, 08:29:47 PM
 #172

Keep your coins.You didnt lose money,if you didnt sell.

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September 28, 2017, 11:51:27 PM
 #173

What to do when price keep dropping ?
Like they said keep calm, everything will be fine soon. Analyze the situation, if you find it just a minor fall, buy coins if you like, then wait for it to rise then sell, that's it. Be patient enough to wait for the right moment because there's a time for everything. Perseverance and accuracy is the key.

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September 28, 2017, 11:57:48 PM
 #174

What to do when price keep dropping ?
Like they said keep calm, everything will be fine soon. Analyze the situation, if you find it just a minor fall, buy coins if you like, then wait for it to rise then sell, that's it. Be patient enough to wait for the right moment because there's a time for everything. Perseverance and accuracy is the key.

Just hold it. Holding them will give you the authority to act correctly without big mistakes that could ruin your economic situation.

Never buy coins with borrowed (loaned) money.
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September 29, 2017, 12:05:12 AM
 #175

What to do when price keep dropping ?

close your computer gram a coffee and do sth different than checking your balance. this is what I do and you know what? it works! Smiley



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October 01, 2017, 09:46:09 AM
 #176

First you would have to find a situation where the price is dropping. Right now the price is not dropping So This Thread is pretty useless. However if the price was dropping you have to find indicators and find out why was dropping I think you can make it successful Choice out what to do next. But first you're going to need a situation where that actually happening and right now I don't think we're going to see that for a while.

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October 01, 2017, 11:57:01 AM
 #177

if you believe in the project i suggest you hodling. but sometimes cash out and buy after the storm is calm is a good move Smiley

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October 01, 2017, 12:01:58 PM
 #178

Depends on the coin. If it is dropping because there is no more development then you should dump it fast! If it's just a dip due to FUD then hodl and wait for the storm to clear. Good coins will always rise up eventually

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October 01, 2017, 12:16:55 PM
 #179

Depends on the coin. If it is dropping because there is no more development then you should dump it fast! If it's just a dip due to FUD then hodl and wait for the storm to clear. Good coins will always rise up eventually

Actually, I think more important than anything else with investments, and yes this also applies to buying and holding/trading alts, you have to decide what is your level of risk. What is the loss you are willing to take for the gain you want.

Set a percentage. 10% or 20%. If trading set a STOP LOSS. This of course depends on the term of your investment. The longer you want to keep it, the higher risk you should allow.

This is standard across alts, unless as many suggest, you truly support the coin but who is not here for profit right.

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Kr-sama
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October 01, 2017, 12:17:41 PM
 #180

I think we should be calm and not sell Bitcoin at this time. We have to wait for Bitcoin to be pumped from Chinese investors because China has made Bitcoin prices a lot of impact and this is not really good.
Yes I agree. But it doesn't just apply to bitcoin. Even if your altcoins's price start dropping, you should just stay calm and don't panic selling. There's a reason why it is dumping. Just hold on it, eventually it will start to recover.
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