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Author Topic: What to do when the market is full of red  (Read 3059 times)
iram3130
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October 29, 2017, 06:06:12 PM
 #61

Depends on the type of the altcoin. Some altcoins which have a proper purpose can still be traded every when they're red but shitty altcoins is the tough luck here. I prefer selling at a small profit or no profit and other half should be hodling.

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October 29, 2017, 06:35:39 PM
 #62

You must control your temper because is nature of cryto it most go up and down, so don't panic when it go red!!
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October 29, 2017, 06:48:31 PM
 #63

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
If you bought some altcoins and they are falling, then I think you should consider the altcoins you have bought carefully and divide them into 2 groups. The first is "can recover", with this group you wait to see if the price increases again or not. The second group is irreparable, with the altcoins in this group you should accept losses and sell the entire amount that you have. In my opinion, I will deal with that.

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October 29, 2017, 09:37:30 PM
 #64

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
If the altcoin is dumping I choose to earn token to avoid losing. Trading with altcoin is so hard to make a good decision especially when you use a capital. The only we can do is wait the time to pump but is needs long time, to get an stable income you needs to find another way that can alternate in trading. And I choose to trade in bitcoin because it is pumping.

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October 29, 2017, 09:57:28 PM
 #65

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

I wouldn’t sell an altcoin while it’s down unless it’s not one of the major ones. I think with the major altcoins, maybe the top 10 to 20, you should wait for them to recover. I have sold weak altcoins for a loss because I wanted to cut my losses. Some of the bad coins you don’t know if they are going to recover if they drop so I think in that case it’s okay to sell so you don’t lose it all.

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October 29, 2017, 10:02:38 PM
 #66

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

Usually, when the market is flooded with red, many people will feel anxious and panicked, they even sell it all, however, I think this is a good time to pick a few coins, head Invest in it, profit is not difficult to get.

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October 29, 2017, 10:51:45 PM
 #67

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

There is no reason for you to sell them when they are low. It's silly, you know the problem you're having, so you need to fix it, do not stay here and say things to no avail.

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October 29, 2017, 11:21:18 PM
 #68

Depends on the type of the altcoin. Some altcoins which have a proper purpose can still be traded every when they're red but shitty altcoins is the tough luck here. I prefer selling at a small profit or no profit and other half should be hodling.
Actually red doesn't mean it is bearish and just make the market going down.
Sometimes that dump is a tricky one before the price to bounce back.
Just make sure you do your own research , and maybe ask for some experts help around you for an advice deal with the market ciuld be a good idea.

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October 29, 2017, 11:30:28 PM
 #69

Depends on the type of the altcoin. Some altcoins which have a proper purpose can still be traded every when they're red but shitty altcoins is the tough luck here. I prefer selling at a small profit or no profit and other half should be hodling.
Actually red doesn't mean it is bearish and just make the market going down.
Sometimes that dump is a tricky one before the price to bounce back.
Just make sure you do your own research , and maybe ask for some experts help around you for an advice deal with the market ciuld be a good idea.

There is nothing to do when the market is reddish guys. You just need to control your emotions over your assets. That's fine. More bright days will come to the market where we observe huge pumps.

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October 30, 2017, 04:09:17 AM
 #70

That is a hard things to say, sometimes it is a good idea to sell but sometimes it is a good idea to hold, it depends on the situation, the most important is not to panic, analyse the situation that make the price fall down, if the price fall down sharp without any reason then maybe people dumping the coin and wont used it any more
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October 30, 2017, 09:34:30 AM
 #71

 Roll Eyes
Depends on the type of the altcoin. Some altcoins which have a proper purpose can still be traded every when they're red but shitty altcoins is the tough luck here. I prefer selling at a small profit or no profit and other half should be hodling.

Yeah , some shit coins find it difficult to retrace and waiting could be frustrating I must say. Meanwhile, the ultimate point in trading is to be able to exercise patient before either before jumping in or running out. For instance, you can exit a market in a minute and the next minute is on the high - losing out in much profit, like what is happening with regalcoin.   Roll Eyes

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October 30, 2017, 09:51:38 AM
 #72

Okay, this happens to me when i am trading WAVES to BTC. First of all. Know the Reason. If the reason is because of outside force and not by the activities/development of the coin then HOLD ( just like altcoins bleeding from the BTC Gold Fork ). Second, Observe. Observe the trading flow for 1 to 2 months, if the price keeps falling tremendously then it is time to decide if you will just sell the coins for the reason of preventing greater loss.

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October 30, 2017, 10:01:35 AM
 #73

Being a good trader always check the chart in market cap the flow price of bitcoin if it is go down or up. Buy and sell is a serious way to earn money that the prediction is always here and take some risk. Long term hold of bitcoin is a good decision to make more profitable of your capital.

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October 30, 2017, 10:31:41 AM
 #74

The solution is Do not trade. Or learn how to swingtrade.
I think the first mentioned is the better overall option, especially for those who don't know what they are doing, and for that reason don't know how to benefit from up and down movements.

If Bitcoin will dump do not buy alts because  alts will dump too.
Not necessarily. If we look at how things have gone lately, people move back and forth based on what Bitcoin does. In other words, if Bitcoin goes up in value, alts tank, and if Bitcoin tanks, alts go up in value. The altcoin market has taken a few major steps back in the recent months due to Bitcoin only increasing in value. At the end of the day, if you buy the market down, you'll get to lower your overall buying price, and that's exactly what people should focus on, but don't actually do so due to their blind panic.

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October 30, 2017, 01:44:11 PM
 #75

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

I'm not very experienced in trading but i never sold when the market is full of red. I buy when i see a good trade in horizon but i don't sell without having a decent profit.
I just wait for the good moment.

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October 30, 2017, 02:09:35 PM
 #76

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
why do you sell altcoin even when the market is filled with red color? should you buy as much as possible. I personally always take advantage of the moment to get profit taking. when the price is back in full green, so I always get a decent profit.

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October 30, 2017, 02:32:29 PM
 #77

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

When the market full red usually i buy the coin and hold them for while and after the market go to green its time to sell and make some profit Wink

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October 30, 2017, 05:42:23 PM
 #78

If you hold the altcoin do not worry too much it will return soon. If I were a red market I would invest in and buy a large amount of coin at the bottom and I would profit when it went away in 1-2 days I would be quite profitable for my own. . People are going down the opportunity to make money for people so you should not give up good profit like this

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October 30, 2017, 08:42:16 PM
 #79

Because of the way we do enter into the market,  we lose much because we do not understand how this market work. Bitcoin or altcoins trading is a highly risky investment and we need to do alot in other to understand on how this market can follow our biding. The simplex method to follow in other to make money in this market is through buying low and sell high. When you want to buying any coins, you should make sure you are buying at the lowest price and when you want to sell, you most sell the price high than when you buy.  My understand of this market is buying when there are in red and sell when the are in blue.

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October 30, 2017, 10:06:34 PM
 #80

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
This really is a pitiable thing to do but most of us here have been through that route before. It shows we trade emotionally when that happens. And that is a loser trading. Professional traders trade on technicals and fundamentals, not emotion. So, get a grip on your emotion and that dip trading will quickly turn tip trading.

Always set your targets even before entering a trade. Go do some other stuff once in a trade to avoid always looking at your portfolio and panicking once it turns red.

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