How to know before the Dump?

[sujonali1819]

I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.

I also feel like you sometime. and I found that more study and more experience can help you to take the profit from your investment when price up and down. Try to study more and be a large-hearted man not like an emotional person. Try to collect information from some news site where published regularly crypto related news.And I want to say from my experience that only news is enough for dump and pump. So be more alert about news and when you feel price can be dump sell your holding and wait for re-buy.

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[kakaalbie]

We can see it from more badnews,  Technical analysist.  I think so

[raven7886]

Study some technical analysis and use support, resistance and trendline break on higher timeframes like Daily (D) or Weekly. This timeframe is good for longtime hodlers like you. Sell if the chart is about to go down and buy at the bottom. Follow your plan 100% and dont get emotional.

Yeah, apparently, there is no one who can tell the exact time when a market will decide to change trend, but for someone who is a trader and knowledgeable, playing with those swings makes a lot of sense. However, it is not everyone who can actually trade, which is why it is important to at least learn how to do some analysis most especially for long term trade, as that helps a lot to take advantage of those swings.

As long as you are holding, just keep holding. One way or the other, your balance will always keep increasing and unless you are trading, you should not bother yourself with what is happening with the value of your holdings. You have said it yourself, you started with $5000 and now even with the whole dump, and you still have like $20k. What else do you want? Market is always volatile, and there is nothing you can do.

[Fazlurkhan.kz]

The only thing you can do to protect yourself from loss is that after investing, have fixed profit percentage after which you will sell that coin when the coin pumps to a particular value. And if you're investing for a long term then you must consider the tops cryptos like bitcoin an ethereum. Because all these new coins which have their ICOs are not as promising as the others whih are already in the market. Risk factor is high in ICOs.

[Jaya912]

Suck it up. Cryprocurrency is a very volatile market, so always expect those kinds of violent price swings; we don't expect prices to go up forever. If you're expecting a crash, sell your crypto for fiat. That way, you don't lose value out of your investments, and you can buy back at a lower price.

Exchange to fiat and ready to buy back on crash is one of good trading strategy.
However this strategy sometime make people regret by selling their asset early. I know sometime people get profit when they sell their coin but when the price goes higher then they will be regret. For me, i will not be regret because before selling i set the goal or plan first

[vv181]

So i want to know is there any strategy to protect your balance before the dump?

There is no perfect technical analysis to predict the upcoming dump. The only best solution is to put a stop-losses order on a strong significant supports. If a coin breaks their support level, its tend to do dip lower.

[iqlimasyadiqa]

I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.

What I'm thinking is we have to make decisions quickly when there's a chance. I believe that sometimes opportunities never come a second time. So when we have earned a profit margin then the step we have to do is to directly sell the coin we have.

Do not ever be selfish to want more profit, I think the profit has made us feel comfortable and not worry the price will decrease. You seem to be someone who hopes to get more results, but believe that the world of digital currency requires you to take action quickly and appropriately

[Rahar02]

Whenever bitcoin price rises significantly in a short time, the dump (crash) will happen in the near future for sure.
We have seen it after bitcoin reach the peak at $20,000 and currently struggle to hold its position above $10K.
Yeah, it sucks to see your balance suddenly drop, most of the holders experience it.
However, you can avoid it by secure fiat money whenever bitcoin reach a high price and buy back in the dip.
How to predict it? Read some news regarding bitcoin development and acceptance in big countries such as Japan, the US, Europe, and so on. Then, check bitcoin trading volume on some exchanges, bitcoin price tend to drop if bitcoin volume in exchanges suddenly rises due to people prepare it to cash out immediately if a dump sign occurs.

[gabmen]

I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.

Well you have to keep track every now and then. And use stop loss tightly. That is if you can afford to spend more time woth your trades. But in general, you have to be steady and prepared to see your investments go up and down. Anyways 12k from 5k is still a lot of profit

[emulsifryer]

Yes Please, Any good guidance.

For me i think there`s no way to know before the coins is going to dump, but you can actually used example for us traders you should better have blockfolio in order for us to know if the coins are pumping or getting dump.

[phucngungoc]

I wouldn't recommend you being part of the group as you might be a victim yourself as you can still be left out. So the best way to avoid dumps is only buying Altcoin who are good in terms of projects as it will grow in the long term.No regret at all once you made the decision, so we can't take that back again. That's a normal thing on dumping a coins asset which you're holding for so long, no one can really predict that after a year or two price will substancially increase

[pissyas]

I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.

You can see that the current market is dump very strong, when bitcoin price is from $ 10400 and the momentum of the price is discharged to $ 9600 at the current time and broke the trend up. I think that to be able to know when to increase or decrease the price, you need to constantly monitor and monitor all information related to the project you invest.

[xitrum]

I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.

I think that in order to know when a project is dump, you need to constantly monitor and monitor the market, the information directly related to the project. You need to track all the information channels related to the project to be able to update the information as quickly as possible from which to make judgments and business plans for themselves.

[Awan Awan]

Study some technical analysis and use support, resistance and trendline break on higher timeframes like Daily (D) or Weekly. This timeframe is good for longtime hodlers like you. Sell if the chart is about to go down and buy at the bottom. Follow your plan 100% and dont get emotional.

This can make different between plan and reality in the market.
Following plan is a must for trader who want to be success but sometime many traders are not discipline so they can kill their hope become successfull because they are not discipline.

[SailorCoin]

There are some old and simple rules for trades and stock market. So if any stock rise up so fast like bitcoin last year, its normal that it will come a correction and the price will fall. Last year everybody who has experience in financial, told this. The bullrun of bitcoin was to extreme and they know it that it cant hold this value at twenty thousand. So sometimes its good to listen to some people who have some experience at the financial area.

[xitrum]

If anyone here can give you a serious answer to your question, they wouldn't even be on the forum. They'd have mortgaged everything they own, maxed their credit cards, borrowed every last time they could, and shorted bitcoin with everything they have. Of course that is a ludicrous thing to do to be that confident in predicting the future, equally as ludicrous as your question. If you ever find out the answer to your question, you Sir would be a billionaire, no pun.

We can see that the price of bitcoins in recent days is very complicated. Today, just after touching the $ 10400 mark, bitcoin prices have fallen sharply and now only $ 9600. According to my analysis, the bitcoin price will continue to decrease in the future, so it is time for you to trade and buy bitcoin at the most reasonable price.

[blckhawk]

Cryptocurrency is volatile and that what makes bitcoin unpredictable. It is tough to predict on what will happen on bitcoin whether to pump or dump. You can determine if bitcoin will rise up or fall down through market table however, there's a low chance for it to happen. Furthermore, there are some old ways to predict this phenomenon for example, after the huge pump expect that there will be a correction.

[skorupi17]

If you would be keen at observing  the price movement of the coins you bought in the market, you may have a hint of how it will go in the future but this is not a solid strategy that you can rely on. You will still have to trust your gut feeling in making your decisions regarding your cryptos as it is very hard to predict the price movement of coins in the market.

[rickadone]

Study some technical analysis and use support, resistance and trendline break on higher timeframes like Daily (D) or Weekly. This timeframe is good for longtime hodlers like you. Sell if the chart is about to go down and buy at the bottom. Follow your plan 100% and dont get emotional.

This might help but not  accurate , it will give you some basis whether to follow the pattern as it will give more ideas what would be the next outcome, but with your questions OP, it's really hard to say or predict when the dump will happen as crypto industry is full of speculations and because of that, emotion needs to be controlled properly to avoid wrong decisions, just aim for long term hold if you are in an investment type person.

Yeah, a very good one. Daily chart most especially is the best for long term holders and adding to what rommelzkie have said, I would consider the OP or anyone in his shoes, learning how to make use of the moving averages, bollinger and then reading the candles to be able to make some decisions when holding for long term.

There are plenty resources online and they can easily direct someone into learning how to do all of that. Trend following is a pattern every long term holder uses, and that should be of great help.

[ipbitrung01]

I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.

I know that you need to keep track of the information and find out about the project you are pursuing, I am confident that you will be able to know when the time to buy and sell is reasonable. Currently bitcoin is at a very good level so you can buy in due to the bad news repeatedly encountered. This is the most authentic example.