Learnings from crash

[TheUltraElite]

I became more aware about selling in the correction period. Never sell at the price lower than you`ve bought. when the coin is gaining profits, don`t believe that it will be infinite, you need to cash out the profits.

You are correct about this. However the point of selling varies according to individuals and is not always the correction point. Some people may be hodling for a long time and they simply sold at whatever profit point they arrive at and are happy with it because they are technically in profit.

To be safer its good to sell while the bull run is going. Dont go into thinking that it will go 100x times and holding because the drop will come very son before you know it. You can also try selling fractions of what you have so you always have something for holding/selling later on.

[BaraxLo]

I have learned to change the strategy according to the market, now only holding is not that beneficial as it was before because market has become too much volatile as compared to past.
To invest in some leading alts will be good if you can stay connected with the market and can take quick and wise decisions with respect to the variations of the market.

Some good point but at the same time, you also have to understand the risk of what you are doing which simply balls down to you making such decisions actually relates to you trading and if you do not have a substantive knowledge on how to trade and end up doing it anyways, you may end up losing much and may just be better off holding.

Trading is not as easy as that, and you need some strategies to watch out for to be able to make decisions, so you do not end up making a blind one.

[hisuka]

The moment when bitcoin had over correction of price many of us the users getting too emotions on what to decides during downtrend. We have so many things had learned but the good side that we have to do is learned to have patience. Because this way you can come up the challenges in bitcoin.

[gaurav@zup]

The greatest thing to learn is that not a single market is Risk free ... you can only enjoy the Roller coaster ride if you have rise and falls well balanced as it keeps the adrenaline rush as high as it should be. ( Positive thing to say will be that I am the survivor of the crypto blood bath )

[arseaboy]

The moment when bitcoin had over correction of price many of us the users getting too emotions on what to decides during downtrend. We have so many things had learned but the good side that we have to do is learned to have patience. Because this way you can come up the challenges in bitcoin.

What is important is we accept that mistake and for future reference we will be able to avoid same thing to happen with our investment, we should learn from this past crash that bouncing back is always there for crypto projects, bitcoin together with all those real alts project have something to offer we just needed to be well aware of this, trusting the project that we support is very important so we an wait patiently until it will rise to the moon.

[qiman]

I have learned that we need to take more rational decisions in this most volatile of markets. I need to aim for certain exit points and stick to them in order to make some small gains on the way up and place buy orders for coins that I like in all the dips and retracements. Unfortunately I do not do this as often as I should so wll start doing that now so I do not lose out anymore like I used to in the past. I could have been a six or seven figure earner by now if I did not do the big mistakes I made in the past so I am trying now hard to learn from them and hopefully in 2018 do much better than last year or the years before that.

[minhnguyen]

For me i dont know when it rise or fall, and i dont trust on technical analyst so i wait for dump season and buy.
I dont know whether the price will go up but sure it will and gain profit

[aishyoo17]

I have learned to be more patient and I don't need to check on my portfolios every time because that leads to emotions you don't understand and makes you think you'll just sell your coins with losses because you panicked. I also realized and learned that in this kind of drastic crash, it is better to trade for long term too.

[Kelvinid]

I have learned to be more patient and I don't need to check on my portfolios every time because that leads to emotions you don't understand and makes you think you'll just sell your coins with losses because you panicked. I also realized and learned that in this kind of drastic crash, it is better to trade for long term too.

Holding is still the best and effective way to gain profit in times like this even for a long term investment.Panic selling will just add to the dumps so learn to be more patient and study first the market before making some actions so you won't have regrets in the end.

[redsun114]

What do you feel you have learned from the crash (if anything)? I think the market has gained a little bit more stability now, and therefore it is nice to look back on your own thoughts and the decisions you made when experiencing such a crash.
Personally, I learned that I need to continuously, as markets grow, 'take off some risk' and allocate some profits from alt into ethereum and bitcoin.
In the same regards, I will also begin to allocate small percentages into $ so that I can gain more on crashes like this one.
Lastly, I once again got confirmed, that in crypto we see huge volatility and that is just something we have to live with - for now at least. Never panic sell in corrections!!!

I'd say for me personally because this crash was more severe when it comes to alt coins its better to buy on confirmed reversal instead of trying to catch the falling knife.. I underestimated how far some coins would fall and could have made more profit waiting for that trend to break..also need to cover the bottom better with my positions.. need to ladder more sells as they go up after the crash to cover the bottom if it crashes again.. didn't get out of enough positions to effectively min/max the market.. paired with my falling knife bad decisions I probably only cleared about 12-15% profit where as it could have been 35-40%... next time I wll be more prepared and patient.. and really give the maximum time for things to fall as they do and bleed out on the ground

Catching a falling knife is one thing that most people have always done and they always end up not liking the effect. The good thing about cryptocurrencies however, is that there is always that second chance for everyone as the market always recover in a better way as time goes on, thereby giving those who can be patient enough to benefit from their waiting period even though it can be tiring and boring sometimes.

[pureclckr]

I have learned to change the strategy according to the market, now only holding is not that beneficial as it was before because market has become too much volatile as compared to past.
To invest in some leading alts will be good if you can stay connected with the market and can take quick and wise decisions with respect to the variations of the market.

The Hodl train isn't that much active as it were before. The days where everyone were shouting about holding tokens for long term appears to be gone; at least for now. Holding is good but sometimes one needs to take a completely new strategy in order to stay afloat since the crypto market is constantly evolving. Great experience so far

Yeah, holding is good, but learning how to trade and taking advantage of the fluctuations and swings is better. However, it takes a lot to be able to do this and without great knowledge it would be better holding than trying to trade as you may even lose a lot more than if you have just stick to holding. However, with trading and doing it well, there is no doubt that you will always make the best from your holding as long as you are smart and know how to enter your positions rightly.

[zeaderza]

This is entirely true, you should NEVER SELL on the dip because you should take care of what you have started. For example, you bought at the dip, and it rose so high, and dips again. Don't sell, you got a good position on the trade.

Anyone who sells at dip, most especially when everyone has finished selling will only have themselves to blame in the long run and know how stupid they must have been to do that.

In the long run, bitcoin will still always do well in value and even despite all that has happened in the past, and the rate at which bitcoin has recovered, we should know better by now that bitcoin still have a long way to go and only those who hold on to it, will always benefit more except you are a pro trader.

[TheUltraElite]

I have learned to be more patient and I don't need to check on my portfolios every time because that leads to emotions you don't understand and makes you think you'll just sell your coins with losses because you panicked. I also realized and learned that in this kind of drastic crash, it is better to trade for long term too.

Holding is still the best and effective way to gain profit in times like this even for a long term investment.Panic selling will just add to the dumps so learn to be more patient and study first the market before making some actions so you won't have regrets in the end.

Not everybody is as good in trading as you and I are. They are humans and they are prone to acting as per their emotions when they see their money go down the drain. After all it is their money and though people advice others not to invest more that what they can afford to lose, some over-enthusiastic people may end up going "all in" on any crypto.

These are the people who panic at crash - the only advice I would give them is to have patience and not get a heart attack from the crash because the cycle will repeat.

[enhu]

I don't usually go along and dump right when the price reach its peak after all I'm not that good to learn whether the price is the peak unless I target to dump at a certain price. And this is the reason why I still hold a stash of token even when most coins are all getting dumped and redish.

[poplolnman]

I became more aware about selling in the correction period. Never sell at the price lower than you`ve bought. when the coin is gaining profits, don`t believe that it will be infinite, you need to cash out the profits.

Sometimes your decision to hold for little longer cost you a deep regret, yeah especially when you hold an altcoin that has no clear future function, so just becareful a crash could be a continuous crash leading to a real loss. Don't follow the bearish, against the trends are too risky for anyone who think aren't skillful enough.

[kripto para]

What I learned was that I really need to learn TA. I've missed on so much profit because of this... TA gives you entry and exit points which are very helpful.

[dutchkay]

The current crash have really thought me alot. To have spare BTC and ETH, never go all in alts. Keep FIAT as backup incase of dippest of dip. Invest in good alts and avoid investing huge in useless alts. No matter what have an escape route, it will always come in handy.

[Svelto]

From the previous crashes, I learn to standby some fiat and buy in dips. There is no way I can get such good prices other than in crashes.

[Nylelyn]

For me the market is still not too stable, there is still chances that it going to have correction, from this crash I learned that I need  to prepare the exit strategy, need to set the bottom price to sell the alt coin and need to spend more time to pay attention to alt, most of my alt are stuck and I will need extra patience to make profit this time since the price of alt is falling too deep

I do agree that the market flow is still unstable, few times it was find but most often it is slow motion moving so what I learn is to always keep some in case there is a sudden opportunity to to buy at the unexpectedly lowest price. It is useful also to set limitations on your buy and sell to be able to put margin on your profit. I like the fact that panic selling will not make the situation in general better but to patiently hold and wait.

[gabmen]

For me the market is still not too stable, there is still chances that it going to have correction, from this crash I learned that I need  to prepare the exit strategy, need to set the bottom price to sell the alt coin and need to spend more time to pay attention to alt, most of my alt are stuck and I will need extra patience to make profit this time since the price of alt is falling too deep

I do agree that the market flow is still unstable, few times it was find but most often it is slow motion moving so what I learn is to always keep some in case there is a sudden opportunity to to buy at the unexpectedly lowest price. It is useful also to set limitations on your buy and sell to be able to put margin on your profit. I like the fact that panic selling will not make the situation in general better but to patiently hold and wait.

Well there wouldn't be much profit as well if it would stabilize too much right? One takeaway i think is that we have to learn how to take advantage of any situation this market throws at us. Many people are already keen in doing it and they've profited a lot during the crash.