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Author Topic: What to do when the market is full of red  (Read 3064 times)
BivxiuDavi
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November 05, 2017, 07:28:43 AM
 #121

Dont do that again man. When market so red, turn of yours computer or buy something. Dont sell yours coin.

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eaLiTy
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November 05, 2017, 11:53:51 AM
 #122

Dont do that again man. When market so red, turn of yours computer or buy something. Dont sell yours coin.
The best part about a bleeding market is that,it is the best time to invest in good alt coins,you do not invest when the market is rising,you always plan on your investments when the market goes down and that is the basic principal you have to follow while investing,it not always about selling,if the coins you purchased goes down,wait for the market to settle down at the bottom and average your loss by buying more,but make sure you are investing in good coins.














 

 

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November 05, 2017, 12:17:38 PM
 #123

Dont do that again man. When market so red, turn of yours computer or buy something. Dont sell yours coin.

Let's take a look on Bitcoin, when it started drop after bch forking, everybody were freaking out and panic Sell is inevitable.
Meanwhile I trust Bitcoin has potential in the future so I hold it as long as possible even though the market show red

And it proven by seeing Bitcoin reach another highest value $ 7.500++

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November 05, 2017, 12:18:37 PM
 #124

If many coins are red you need to keep buying in that time but think if the coins is good for long period of time like xrb,eth ans xem this three is develop by hard working developer so there's a chance that this three is going to high i think this three is keep lower and sometimes its high so you need to monitor it when you buy this three

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November 05, 2017, 12:29:35 PM
 #125

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
 

You should try to control your emotions if you want to be a successful trader. Altcoins dropping is not always bad. You should see it as an opportunity to buy more of that good altcoins. The more you have when it drops, the more profit you will take when the price recovers. But this is only true if you are holding a good coin, not a pump and dump sh*t coin.


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November 05, 2017, 12:55:00 PM
 #126

There is an old saying: "Master Emotions And You'll Master The Market" - I know that this is not easy to do, but unfortunately this is the only way to follow if you want to be a successful trader.
You need to understand that trading is finding a golden proportion between Fear and Greed - With altcoin/cryptocurrency trading it is even harder to find the best position.
Uncertainty creates emotional turbulence as there is no telling what future value of altcoin will be. And I will tell you this: the point of maximum financial opportunity is always linked to the lowest price.
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November 05, 2017, 12:59:30 PM
 #127

There's nothing to do when altcoins price decline significantly, just wait until the time come for those coins to rise. It's normal thing in trading market, as people invest to extract profit, whenever bitcoin price increase, altcoins tend to fall. That's why, invest in bitcoin is better for long term and consider has slight risk than invest in altcoins. But, doesn't mean bitcoin will always give you highest profit as altcoins price are cheaper than bitcoin, you may get bigger profits by purchase more coins, big in multiplier number.

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November 05, 2017, 01:33:12 PM
 #128

Buy more is my way for anticipating what will happen, as today where altcoins are all sharply weakened. I have reserve fund to deal with this condition. So, I am no need to worry about potential losses that i suffered. Moreover, I only hold strong altcoin like ETH or has many holders.

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November 05, 2017, 01:49:52 PM
 #129

Buy more is my way for anticipating what will happen, as today where altcoins are all sharply weakened. I have reserve fund to deal with this condition. So, I am no need to worry about potential losses that i suffered. Moreover, I only hold strong altcoin like ETH or has many holders.
I agree with you, if we know to divide the funds appropriately, it is likely to earn more BTC and buy more than good options but in trading may BTC price will increase rapidly and buy more will make you lose your temper

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November 05, 2017, 01:51:16 PM
 #130

its wrong to sell your altcoin if the day of red..because not all the time the market is red due to fluctuations panic is the way to los your coin if the market is red much better to buy than to sell....

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November 05, 2017, 01:57:00 PM
 #131

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
I think it is bad idea to sell your tokens at low price because the money you buy to get will be wasted. You should control your emtions at trading because if not then it will lead to your loss. In my case if I have seen my tokens is at low price I will hold it and sometimes I will buy more and I'll wait till it pump again before I sell it.

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November 05, 2017, 03:21:49 PM
 #132

Yes, I understand that feeling, I have also experienced a few times. There will be no big deal until everything becomes dark red, anxious and frightened are the inevitable feeling. If you are an experienced trader, you can anticipate landings based on charts, forex analysis techniques and maybe a little hunch. However, most of us can not do that. What we should do is must very calm, control our minds, not to panic and make wrong decisions. Look at relevant information to know what to do next and make a rational decision

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November 05, 2017, 03:28:42 PM
 #133

There is an old saying: "Master Emotions And You'll Master The Market" - I know that this is not easy to do, but unfortunately this is the only way to follow if you want to be a successful trader.
You need to understand that trading is finding a golden proportion between Fear and Greed - With altcoin/cryptocurrency trading it is even harder to find the best position.
Uncertainty creates emotional turbulence as there is no telling what future value of altcoin will be. And I will tell you this: the point of maximum financial opportunity is always linked to the lowest price.


Very well said honestly, but as human beings, we're not able to control our emotions all the time. Reddish market can affect our emotions very negatively and this causes us to open wrong positions on the market. Like buying expensive coins or selling with cheap prices.

Probably, the best is waiting until the market turns into green during dump and crash times.


     
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November 05, 2017, 03:32:47 PM
 #134

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
Keep holding, you should set a target that you want to achieve when you bought the coin, and a reasonable target based on the research that you've done not some moon target. If you have a target then you'll stick to it because you know that coin will reach the target, you can also buy more to reduce the average cost of your coin if you really believe it will become a successful project. Also don't forget to set a stop limit incase something go wrong.

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November 06, 2017, 02:50:33 PM
 #135

You have to improve your patience for you to surpass your negative character.Trading is very tricky things because its all about ups and downs.Now if you would continue that then you must stop doing trade.Find an alternative source of income that fits to you and not making you panic.
Trading is obviously not for everyone.
I have seen so many people that even after so much learning, they just cannot get rid of greed and emotions sometimes and then they always let it take away the better part of them.
You just have to understand that it is a market full of speculations and predictions and you must never let greed most especially get on you. Have a plan, stick to it and execute it as at when due.

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bitcoinisbest
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November 06, 2017, 03:02:25 PM
 #136

Dont do that again man. When market so red, turn of yours computer or buy something. Dont sell yours coin.

Well at present the altcoin have created a panic in the market as btc prices is rising and altcoin has taken a badly hit and almost people have lost a huge capital unless they hold it for future. Also in the mean time lost a big opportunity if had money to invest in btc and quickly get some gains in a short period.  Keep holding if you think that coin has potential else sell it and buy btc to recover some loses with the gain in btc.

gabmen
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November 06, 2017, 03:15:53 PM
 #137

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
Keep holding, you should set a target that you want to achieve when you bought the coin, and a reasonable target based on the research that you've done not some moon target. If you have a target then you'll stick to it because you know that coin will reach the target, you can also buy more to reduce the average cost of your coin if you really believe it will become a successful project. Also don't forget to set a stop limit incase something go wrong.

Lol for your kind, the best way would be to not peek at the market. Everyone would tell you to hold hold hold and that's basically the most logical.thing to do it such situations

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November 06, 2017, 05:26:53 PM
 #138

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
Selling while it's red is a bad move. I mostly do that before but now, instead of looking at the market dropping, I drop my phone and go out to relive the stress of seeing my portfolio drop. Recently I have sold half my coins at half of the price it currently is now because of loosing temper and because I thought it will keep droping but I was wrong. It's best to keep coins and hodl them for longterm if you want profit.
If most of the coins are in red, then there must be a very strong fundamental behind that and the best step to take is to first ascertain and analyse the news/event behind it, to effectively evaluate one's options. Just like now, almost all altcoins are down and that's because holding Bitcoin in wait for the November 16th hard fork translates to free money and people are out to grab as much as possible. At that, it should be obvious that the prices of altcoins would rally again soon after the Bitcoin hard fork and selling off now at their low prices would mean a huge mistake.

..C..
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n691309
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November 07, 2017, 08:12:02 AM
 #139

Dont do that again man. When market so red, turn of yours computer or buy something. Dont sell yours coin.
The best part about a bleeding market is that,it is the best time to invest in good alt coins,you do not invest when the market is rising,you always plan on your investments when the market goes down and that is the basic principal you have to follow while investing,it not always about selling,if the coins you purchased goes down,wait for the market to settle down at the bottom and average your loss by buying more,but make sure you are investing in good coins.
Investing into altcoin is not that much beneficial go for the best coin every time it will give you a chance to generate huge revenue and if market is red this is the best chance for me to buy bitcoin because after every dump there is a pump and that pump will last for maximum time and now this is happening, those who invested into it in good time and now they are achieving good piece of profit and I will do same.

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November 07, 2017, 08:55:01 AM
 #140

In the future and sell before it happens. It's called a good trader. Of course it's not always possible to specifically, but should be able to do it when it can not predict it, it must act quickly by selling before it's too late. Protect your investment and then. It requires observation.

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