How not to lose money after a dump

[timerland]

I think that first mistake that people make when invest in Bitcoin is that they expect only profit and they are very disappointed when the situation turns out different.
There is no investment that only brings profit. So from the start you have to have the strategy what to do when price starts falling and how will you deal with losses.
You have to know clearly what will you do on long term and short term strategy.
Always diversify your investment, don't expect miracles to happen and count with losses.

They think that if you invested in bitcoin you will earn a profit easily after you invested, Investing in bitcoin is not easy you need alot of skill and patience to become successful and you need to control your emotions on every situations like this.
You need to study trading before entering this game but your hardwork is worth because you can earn alot of profits here when you're already professional trader, That's the reason why other saying that bitcoin are shit due to lack of patience and lack of knowledges about crypto.

I don't get why you say we need to be professional.

If you aim at scalping/daytrading then yes, that's for pros.

But HODLERS can be even kids and they make profits in this era.
Look at how much the BTC price grew up year after year.

If a kid bought $500 worth of BTC one year ago without selling, he would be having fun now.
It's that easy: buy and hold for 1-2 years.

The cryptomania has just begun and has a long way to go.
It's stupid to sell now, you need to learn to hodl at least 1 year

It is indeed stupid to sell now, when bitcoin price has already went down around 50% from its all time high levels.

But is it really wise to say that every time this happens, just hold and wait for 1-2 years and you'll be able to reach new highs? If it's really that simple then the entire bitcoin network would just be a goldmine. While there are distinctions between bitcoin and the tulip mania, the psychological side of things are the same when it comes to FOMO.

How not to lose money during a dump? Either sell as soon as you see a trend reversal and take your existing profits, or if you are holding bitcoin for the long term, do exactly that. But holding for 1-2 years expecting a profit isn't going to always work as i said. It could take a decade to crypto to pick up its hype again and it's not always viable for people to do so, especially if they are buying BTC on credit(margin trading).

[1715138979]

1715138979

[1715138979]

1715138979

[1715138979]

1715138979

[1715138979]

1715138979

[1715138979]

1715138979

[1715138979]

1715138979

[Lionel]

I think that first mistake that people make when invest in Bitcoin is that they expect only profit and they are very disappointed when the situation turns out different.
There is no investment that only brings profit. So from the start you have to have the strategy what to do when price starts falling and how will you deal with losses.
You have to know clearly what will you do on long term and short term strategy.
Always diversify your investment, don't expect miracles to happen and count with losses.

They think that if you invested in bitcoin you will earn a profit easily after you invested, Investing in bitcoin is not easy you need alot of skill and patience to become successful and you need to control your emotions on every situations like this.
You need to study trading before entering this game but your hardwork is worth because you can earn alot of profits here when you're already professional trader, That's the reason why other saying that bitcoin are shit due to lack of patience and lack of knowledges about crypto.

I don't get why you say we need to be professional.

If you aim at scalping/daytrading then yes, that's for pros.

But HODLERS can be even kids and they make profits in this era.
Look at how much the BTC price grew up year after year.

If a kid bought $500 worth of BTC one year ago without selling, he would be having fun now.
It's that easy: buy and hold for 1-2 years.

The cryptomania has just begun and has a long way to go.
It's stupid to sell now, you need to learn to hodl at least 1 year

It is indeed stupid to sell now, when bitcoin price has already went down around 50% from its all time high levels.

But is it really wise to say that every time this happens, just hold and wait for 1-2 years and you'll be able to reach new highs? If it's really that simple then the entire bitcoin network would just be a goldmine. While there are distinctions between bitcoin and the tulip mania, the psychological side of things are the same when it comes to FOMO.

How not to lose money during a dump? Either sell as soon as you see a trend reversal and take your existing profits, or if you are holding bitcoin for the long term, do exactly that. But holding for 1-2 years expecting a profit isn't going to always work as i said. It could take a decade to crypto to pick up its hype again and it's not always viable for people to do so, especially if they are buying BTC on credit(margin trading).

Who cares if it may not work.
In all cases you should spend only what you afford to lose, not your life savings!


Example. Your life savings are $5k
Buy just $1k or $2k worth of BTC

So even if BTC price in the 2020 will be still $10k or less, who cares, keep hodling.
If you even lose that $1k you can keep living, and if you sell your Btc at that point, you earn nothing.

 So you better hodl and wait for the big pump to come

"If it's really that simple then the entire bitcoin network would just be a goldmine"
If we can educate more people to stop trying the scalping game and learn the hodler game, yes, it will become a goldmine : )
So let's spread the word and teach the Hodl trading style to the emotional sheep

[Silberman]

I think that first mistake that people make when invest in Bitcoin is that they expect only profit and they are very disappointed when the situation turns out different.
There is no investment that only brings profit. So from the start you have to have the strategy what to do when price starts falling and how will you deal with losses.
You have to know clearly what will you do on long term and short term strategy.
Always diversify your investment, don't expect miracles to happen and count with losses.

They think that if you invested in bitcoin you will earn a profit easily after you invested, Investing in bitcoin is not easy you need alot of skill and patience to become successful and you need to control your emotions on every situations like this.
You need to study trading before entering this game but your hardwork is worth because you can earn alot of profits here when you're already professional trader, That's the reason why other saying that bitcoin are shit due to lack of patience and lack of knowledges about crypto.

I don't get why you say we need to be professional.

If you aim at scalping/daytrading then yes, that's for pros.

But HODLERS can be even kids and they make profits in this era.
Look at how much the BTC price grew up year after year.

If a kid bought $500 worth of BTC one year ago without selling, he would be having fun now.
It's that easy: buy and hold for 1-2 years.

The cryptomania has just begun and has a long way to go.
It's stupid to sell now, you need to learn to hodl at least 1 year

Even holding is harder than what you may think, what about those that bought at 20k and lost more than half of their investment? Only a few very dedicated individuals will be able to hold until they get profits and if they had such a strong will then we need to ask ourselves why they did not wait for a better price? Holding is a good strategy and I believe in the potential of bitcoin but you make it seem as if it is the easiest thing to do in the world and that is not true.

[Choii]

How not to lose money after a dump

It's very simple, HOLD and wait for the time that the price or value increase again but before that, it takes time before it will happen so be patient if you want not to lose your money for that dump. And holding the token is a good strategy when it comes to gain more profit.

[cipher-x_09]

Simple really if you are a long-term investor then you could just simply wait and hold never get the opinion or the movement of bitcoin today affects you because you're looking at a bigger picture. OP just need to set the target price he want to achieved but that target must be reasonable based on opinion and analysis.

[yonjitsu]

I can only think of HODLing my bitcoin for a long term and never mind much about crisis where cryptocurrencies got into the eye of the storm. Just HODL strong and if you can survive, surely good things awaits you after the storm.

[Warren Buffert]

Hold or average down if you can afford it.

[Ararbermas]

There's a big pump&dump every year, we have seen this story to repeat every year since BTC was born.

When it pumps, it pumps more than it did the previous year.
So when it dumps hard i just HODL and don't care.
Even if it drops to $1k today.

Now, is this a good strategy?
Why many get scared and sell?

Yes holding your profits while bitcoin is dumping is a good strategy, because if you sell while the price is dumping is a big loss for you.   If i were you dont mind those who panic selling when the price volatility occur to prevent regrets just keep fighting for the sake of you're profits make some technical analysis instead.,  and read some news everyday and control your emotions , in fact bitcoin News is the best strategy to control your self to sell.

[iv4n]

There's a big pump&dump every year, we have seen this story to repeat every year since BTC was born.

When it pumps, it pumps more than it did the previous year.
So when it dumps hard i just HODL and don't care.
Even if it drops to $1k today.

Now, is this a good strategy?
Why many get scared and sell?

Yes holding your profits while bitcoin is dumping is a good strategy, because if you sell while the price is dumping is a big loss for you.   If i were you dont mind those who panic selling when the price volatility occur to prevent regrets just keep fighting for the sake of you're profits make some technical analysis instead.,  and read some news everyday and control your emotions , in fact bitcoin News is the best strategy to control your self to sell.

News can be disturbing too, people panic because they read to many bad news, they come to forum read some fud comments and they make stupid reaction. News are the probably worst thing for all the holders, you read what WB or JP said, then you read some idiotic analyse from some central bank, or investment company. People get scared because they don't believe in outcome, they think that traditional can win over new age. World is advancing, many people can be stubborn and to hold to old valurs, but that is going down. Cutting loses isn't good strategy, but I presume for that knowledge we need to have experience and time spent here, let's call it a newbies mistake, I doubt that some experienced crypto person fall in that trap.

[Don Pedro Dinero]

I agree bitcoin has nothing to do with the tulip bubble, and the former has fundamentals whereas the latter was an “asset” without fundamentals. Anyway, people should learn not to buy high and sell low, that’s the opposite of what people who make money do. For people to become holders they should learn a lot about the asset they are buying and then to buy them because they believe in its fundamentals.

But there is always a risk that the asset you have bought goes to zero, so in a few cases it is justified to sell.

[Lionel]

I agree bitcoin has nothing to do with the tulip bubble, and the former has fundamentals whereas the latter was an “asset” without fundamentals. Anyway, people should learn not to buy high and sell low, that’s the opposite of what people who make money do. For people to become holders they should learn a lot about the asset they are buying and then to buy them because they believe in its fundamentals.

But there is always a risk that the asset you have bought goes to zero, so in a few cases it is justified to sell.

I don't see a justification at all , as in any case you have only invested the money you afford to lose ( i hope... )

The risk you talk about is low, so it's stupid to sell because you are just recovering money you could afford to lose after all.
You still can live without that money, so recovering it is not useful.

But at the same time you are missing the probable big pumps of the years to come, the earning potential is 300x or way more for some altcoins, and you are missing it if you sell.

[Don Pedro Dinero]

I agree bitcoin has nothing to do with the tulip bubble, and the former has fundamentals whereas the latter was an “asset” without fundamentals. Anyway, people should learn not to buy high and sell low, that’s the opposite of what people who make money do. For people to become holders they should learn a lot about the asset they are buying and then to buy them because they believe in its fundamentals.

But there is always a risk that the asset you have bought goes to zero, so in a few cases it is justified to sell.

I don't see a justification at all , as in any case you have only invested the money you afford to lose ( i hope... )

The risk you talk about is low, so it's stupid to sell because you are just recovering money you could afford to lose after all.
You still can live without that money, so recovering it is not useful.

But at the same time you are missing the probable big pumps of the years to come, the earning potential is 300x or way more for some altcoins, and you are missing it if you sell.

Yes you have invested only the money you can afford to lose but to hold your investment if you have compelling reasons to believe it’s going to go to zero is quite stupid.

How do you measure the risk? Have you got a thermometer or something? Bitcoin is a risky investment.

I agree that if the risk is low and the potential earnings very high you have to hold your investment (that’s what I do) but in some cases it is justified to sell.

[slaman29]

I believe you have a fair point, and I would think a year is enough for things to recover in crypto but the climate must have changed now because crypto is really entering mainstream in terms of trading. Previously, whales and traders were the ones who made sells and buys, so when they went to sleep, the market slowly rose to new demand. But now, a lot of people are daily speculating and so are ICO token holders. Might wake up next year and find the market went on the bull run and retraced back again.

[PalindromemordnilaP]

Just HODL your crypto assets in times of a dump because it eventually go back. I have experienced that with my crypto assets as its market value went down when bitcoin was down too in the first couple of weeks to start this year. I went on HODLing strong and i never visited any cryptomarkets for a while and just realized that bitcoin has climbed back already.

Sometimes, not seeing your portfolio in times of crashes/corrections can help you not to push the "Panic Sell" button.

[usam_coiner]

Just HODL your crypto assets in times of a dump because it eventually go back. I have experienced that with my crypto assets as its market value went down when bitcoin was down too in the first couple of weeks to start this year. I went on HODLing strong and i never visited any cryptomarkets for a while and just realized that bitcoin has climbed back already.

Sometimes, not seeing your portfolio in times of crashes/corrections can help you not to push the "Panic Sell" button.

there are many people who regret after selling panic and they are saying that panic is very bad same i recommend to other that don't get panicked dump will not stay forever these kind of time often come in bitcoin but the true believer passes the test and meet to the higher profits,

[Silberman]

I have come to learn too that it is all about HODLing, it is the best compares to trading. Most people think that trading is where they might get the value of their bitcoin but what they didn't know is that it lies with holding. It was hard for me when I started out because I usually trade but as times goes on, I got use to it. I am even planning to hold for two years to see where I end up. But as a hold, I brought out some amount of bitcoin for my gambling purpose..for I love to gamble with bitcoin sometimes. 

Trading has its merits and for those that have really master it the profits can be better than holding this is why you see so many people wanting to be traders but the problem is that very few are able to get those kind of profits for the rest the best option will be to just hold for the long term but that is not something many want to do since that means being invested in a coin for years before seeing any kind of big profits.

[helen28]

I have come to learn too that it is all about HODLing, it is the best compares to trading. Most people think that trading is where they might get the value of their bitcoin but what they didn't know is that it lies with holding. It was hard for me when I started out because I usually trade but as times goes on, I got use to it. I am even planning to hold for two years to see where I end up. But as a hold, I brought out some amount of bitcoin for my gambling purpose..for I love to gamble with bitcoin sometimes. 

Trading has its merits and for those that have really master it the profits can be better than holding this is why you see so many people wanting to be traders but the problem is that very few are able to get those kind of profits for the rest the best option will be to just hold for the long term but that is not something many want to do since that means being invested in a coin for years before seeing any kind of big profits.

Analyzing what's your next step should be consider, don't just be too lazy or get frustrated whenever we lost at first to second try it is just like solving a Math problem so complicated but when we all have the data and possible solution then we will come up with a right decision.