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Author Topic: How to handle tough times in cryptocurrency?  (Read 3151 times)
InvestICO2L
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July 01, 2018, 04:18:17 AM
 #221

We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.

If you’re at the losing position what is the best thing to do?



First you should not be in the position if you have a stop loss but since you are already there switching your strategy  to investing will be an okay strategy because sooner or later the market will recover. As of now you only have paper loss and you will only lose real money when you click that sell button.

Me personally I have coins for trading and coins that are for investing, You can try to just put in a little more money and buy new coins that you could trade and make sure you will follow your strategy and keep the other coins for investing.
You’d better to keep your head right now and keep away from negatives news. I believe that not only you but also many others are stuck in this tough time. Thus you shouldn’t get panic too much, let spend your time using all your knowledge to find a good strategy. I’ve heard some people said that waiting is the best choice right now, and I think it also kind of rational decision. But I’m prone to buy some coins, because definitely the market will be never in dip forever, it will have a recovery. Therefore if buying now, the chance for reaping fruits is higher.
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July 01, 2018, 07:19:28 AM
 #222

We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.

If you’re at the losing position what is the best thing to do?



First you should not be in the position if you have a stop loss but since you are already there switching your strategy  to investing will be an okay strategy because sooner or later the market will recover. As of now you only have paper loss and you will only lose real money when you click that sell button.

Me personally I have coins for trading and coins that are for investing, You can try to just put in a little more money and buy new coins that you could trade and make sure you will follow your strategy and keep the other coins for investing.
You’d better to keep your head right now and keep away from negatives news. I believe that not only you but also many others are stuck in this tough time. Thus you shouldn’t get panic too much, let spend your time using all your knowledge to find a good strategy. I’ve heard some people said that waiting is the best choice right now, and I think it also kind of rational decision. But I’m prone to buy some coins, because definitely the market will be never in dip forever, it will have a recovery. Therefore if buying now, the chance for reaping fruits is higher.
The market is very uncertain and unpredictable, so better hold and wait for the market to recover. It takes a lot of patience and strategies to survive from the situation. Keep calm to be able to decide productively. Nothing is permanent, so believe that these tough situations will turn out to be smooth for the better. Stay positive, and never stop learning.
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July 02, 2018, 07:07:00 AM
 #223

My suggestion is to try not to look on the price alone,  but also study some things about your favourite projects this would help you to feel more confident about them, than if you would look only on the price of a token.
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July 04, 2018, 07:09:33 AM
 #224

We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.

If you’re at the losing position what is the best thing to do?

The fine element to do in tough times in cryptocurrency is live calm, compose and don't panic. so that you can suppose genuinely. and you'll not cause a decision that you will remorse within the destiny.

Even if it is about the remaining crypto, I would follow the same strategy of not selling. For Bitcoin, we should understand that the market will rise again because the technology is wide spread and people around the world have been using it for so many purposes that it looks inevitable to disagree to the statement that the market will not recover. I hope we will have a boom in the near future.
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July 04, 2018, 08:25:09 AM
 #225

My suggestion is to try not to look on the price alone,  but also study some things about your favourite projects this would help you to feel more confident about them, than if you would look only on the price of a token.

It can be the least that a trader can do because believing in a project you invested can motivate you to keep holding. Or if someone is still not used from volatility, he should be just take a break so he won't panic when he see the price. Just have a break from cryptos and come back when everything is fine.

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July 04, 2018, 08:29:05 AM
 #226

We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.

If you’re at the losing position what is the best thing to do?

Well, to me I think we should focus on the other benefits of blockchain and cryptocurrencies apart from seeing it as investments. There are other impacts that we can use to make the world better but we all focus much on the huge profits return and that's killing us. If we see huge profits as an additional benefits and not the sole benefits, we'll feel better somehow
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July 04, 2018, 09:17:34 AM
 #227

Shut down your computer(s), turn on a silent mode on your telephone(s), and get some sleep. Wink That'll do you good. Don't forget to get something to eat when you wake up before turning your communication devices on  Cool
Seriously, though, I believe you should never invest more than you can afford to lose. An old truth that happens to work.
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July 04, 2018, 09:31:53 AM
 #228

Is this times when the ambition is very important but not always big enough to motivate you to move forward, you should also not be too focused with the rise and fall in prices that will make you weak, and it's good you to do research and learn anything that can be useful to the business you.Whenever I am seeing that my investment is losing. whenever I am losing hope of feeling down I am just staring at my family and seeing what I would love to see in their face after many years.

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July 04, 2018, 09:43:22 AM
 #229

We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.

If you’re at the losing position what is the best thing to do?


well, for sure the situation in crypto world isn't bright at all, but I think we'll see it's improvement by the end of the year. Despite the fact that capitalization has decreased from 300$ dollars to 250$ dollars within just a month, the amount of money involved in crypto is still huge. Don't panic. I think holding is the best strategy at the moment.
Tough time will require your knowledge of trading and market rules and guiding principles, if you are aware and have knowledge of these things then you can face any tough situations. On the other hand without having the basic knowledge of the market one can not survive in the market of cryptocurrency and will trap in problems which will result in huge loss or simply loss.
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July 04, 2018, 10:20:48 PM
 #230

Investing Crypto is a long term game and you cannot expect something to rise all the time. Long term, it is moving up but there will always be challenging times that you have to be prepared on. If you are confident with Your investment based on research and studying the market you will know what to do when tough times come .
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July 04, 2018, 10:21:14 PM
 #231

wait...........
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July 05, 2018, 08:04:27 AM
 #232

If you are always worrying about the market prices then the best thing to do is just read different positive speculations in order to determine what will happen in the prices for the next few months.

It's kind of depressing when we are already down and we read more negative news so the best way to counter the tough times in crypto is to zoom out those charts and have a point of view for the long term because even if we are more than half down from the all time high, there are still people who believe in cryptocurrency and these are people who already made a name in the industry. You just need to watch and read the opinion of those positive people so that you can be inspired too and believe that this is just a temporary hiccup.
Keep calm and trust that things will turn out to be on our favorable side at the course of time. It can be challenging yet if we get to remind ourselves of what our purpose is then it can lessen the disappointments and can make us decide wisely to take on new challenges. It's not going to be easy, but it's important to face the situation bravely, learn from it, grow from it, and serve it as a motivation to be stronger and be more determined.

If you're having problems with the negative news that's surrounding btc, then avoid reading. Unsubscribe from social media pages and lessen the times you peek at your wallet. We can't do anything if the price is declining and it's hard to stay positive when you see your assets go down si better to disconnect from time to time
In order to face with difficulties and problems we must be learning about the market rules and principles because you can not make proper and well decisions you are with little knowledge or not enough knowledge. It means that you are not in the position to trade so it will be good for you not to trade now and to learn and experience first. Just stay calm and never take tension because we know the market will increase once again after this downfall.
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July 05, 2018, 06:09:16 PM
 #233

We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.

If you’re at the losing position what is the best thing to do?

First of all I would say - do not put your identity here, do not relly on cryptocurrencies with all of your heart, because everything in this world can let you down, so this is my suggestion to handle.
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July 05, 2018, 06:29:16 PM
 #234

If you are always worrying about the market prices then the best thing to do is just read different positive speculations in order to determine what will happen in the prices for the next few months.

It's kind of depressing when we are already down and we read more negative news so the best way to counter the tough times in crypto is to zoom out those charts and have a point of view for the long term because even if we are more than half down from the all time high, there are still people who believe in cryptocurrency and these are people who already made a name in the industry. You just need to watch and read the opinion of those positive people so that you can be inspired too and believe that this is just a temporary hiccup.
Keep calm and trust that things will turn out to be on our favorable side at the course of time. It can be challenging yet if we get to remind ourselves of what our purpose is then it can lessen the disappointments and can make us decide wisely to take on new challenges. It's not going to be easy, but it's important to face the situation bravely, learn from it, grow from it, and serve it as a motivation to be stronger and be more determined.

If you're having problems with the negative news that's surrounding btc, then avoid reading. Unsubscribe from social media pages and lessen the times you peek at your wallet. We can't do anything if the price is declining and it's hard to stay positive when you see your assets go down si better to disconnect from time to time
In order to face with difficulties and problems we must be learning about the market rules and principles because you can not make proper and well decisions you are with little knowledge or not enough knowledge. It means that you are not in the position to trade so it will be good for you not to trade now and to learn and experience first. Just stay calm and never take tension because we know the market will increase once again after this downfall.
Besides that I am not expecting more that anything, I am still thankful no matter what the price it has become so far, thankful that we all have this kind of opportunity that has a potential to grow in the future and will eventually change our life.
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July 05, 2018, 08:36:23 PM
 #235

We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.

If you’re at the losing position what is the best thing to do?


Holding is the best way to do it, because if you are going to sell your coins at its lowest price then you will just lose a huge amount of profit in the future or try to read positive speculations to boost up your confidence..
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July 05, 2018, 09:08:43 PM
 #236

I try not to dwell too much on though. My best advice is to forget all youtube channels you watch- as most just give total paid hype BS, don't look at delta folio and don't check trading view and coin market cap every day. I have done this and focused on researching projects and writing articles on them promoting my own work, TBH I cant even tell you the price of BTC at the moment as it does not matter to me. I believe in the tech enough to not care about short-term price action. I hope this comforts you somehow.

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July 05, 2018, 09:20:13 PM
 #237

We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.

If you’re at the losing position what is the best thing to do?


Well, for me, I just take a step back and look at the bigger picture. I try to actually see what'st the best move I can do and follow through that. In this market, there is no sense actually sobbing how the market is doing because that's just how it works. The market and many of its coins maybe down for a while, but anytime, you can see it rise and recover. You just have to be ready to seize those opportunities because that's the best thing to do. Also, avoid doing silly actions like panic selling.

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July 06, 2018, 08:05:14 AM
 #238

If you are always worrying about the market prices then the best thing to do is just read different positive speculations in order to determine what will happen in the prices for the next few months.

It's kind of depressing when we are already down and we read more negative news so the best way to counter the tough times in crypto is to zoom out those charts and have a point of view for the long term because even if we are more than half down from the all time high, there are still people who believe in cryptocurrency and these are people who already made a name in the industry. You just need to watch and read the opinion of those positive people so that you can be inspired too and believe that this is just a temporary hiccup.
Keep calm and trust that things will turn out to be on our favorable side at the course of time. It can be challenging yet if we get to remind ourselves of what our purpose is then it can lessen the disappointments and can make us decide wisely to take on new challenges. It's not going to be easy, but it's important to face the situation bravely, learn from it, grow from it, and serve it as a motivation to be stronger and be more determined.

If you're having problems with the negative news that's surrounding btc, then avoid reading. Unsubscribe from social media pages and lessen the times you peek at your wallet. We can't do anything if the price is declining and it's hard to stay positive when you see your assets go down si better to disconnect from time to time
In order to face with difficulties and problems we must be learning about the market rules and principles because you can not make proper and well decisions you are with little knowledge or not enough knowledge. It means that you are not in the position to trade so it will be good for you not to trade now and to learn and experience first. Just stay calm and never take tension because we know the market will increase once again after this downfall.
Yes I am agreeing with you we should deal with the tough time with help of our positive thinking and our wise despair. I am also there but I never sell my coin at panic because selling in hard time will give me more and more lose only, I try o buy some bitcoin when I see the market is getting red and price of bitcoin is falling down, because I know this time is just for the temporary and soon I will get goof profit for holding it.
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July 09, 2018, 10:45:50 AM
 #239

Depends on your economical situation. If you need the money, well first of all you shouldn't have gotten into crypto with money you needed, than you can cash it out and leave because there is nothing you can do. If however you do not need the money, than you would have to wait it out.

I mean what are the other options, if markets go down and you need the money than you will have to cash out because you need the money, otherwise don't be silly and wait until the prices go back up and you can profit again.
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July 09, 2018, 11:38:49 AM
 #240

If I think at such times we do not get carried away in a panic situation, because it can hurt us ourselves, trading is full of risks we can lose all capital because of this risk, but behind the risk there is a big advantage we have. to make the right decision for ourselves because every step we take. So we do not follow the emotion to sell in a state of loss.
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