How to handle tough times in cryptocurrency?

[wayaneka]

I did not see result of my investment in short times but in long term, and i still keep positif about the market. Cryptocurrency market will continue to growing in long term, and this down trend will be finish and continue change to uptrend. And to minimize the risk some of my portfolio should be for day trading because now bad times for long term hold.

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[katarin2030]

It happens in the crypto don't be panic or distracted if you face bad times while you handling crypto, tough time is not permanent handle those situations cautiously think in a different manner wait for the good times, very important thing is patience. 

[Wilsonong222]

It happens in the crypto don't be panic or distracted if you face bad times while you handling crypto, tough time is not permanent handle those situations cautiously think in a different manner wait for the good times, very important thing is patience. 

At the moment the price of BTC is 8,900 USD and forecasted to go down up to 6,500 USD. I’m still contemplating to hold even though I almost lost 20% of portfolio’s value. Technically speaking if I will continue to hold until it will go to 6,500 USD the total loss I will incur is 42%. I’m really confused if I will sell to day to cut my lost or believe in the popular HOLD strategy.

[Hemady17]

It happens in the crypto don't be panic or distracted if you face bad times while you handling crypto, tough time is not permanent handle those situations cautiously think in a different manner wait for the good times, very important thing is patience. 

At the moment the price of BTC is 8,900 USD and forecasted to go down up to 6,500 USD. I’m still contemplating to hold even though I almost lost 20% of portfolio’s value. Technically speaking if I will continue to hold until it will go to 6,500 USD the total loss I will incur is 42%. I’m really confused if I will sell to day to cut my lost or believe in the popular HOLD strategy.

During these tough times you can rely on the present tools available to you which are the technical and fundamental analysis. Trading plan also plays major roles in executing your decisions. Based on my own analysis the BTC price will continue to dip same as your analysis. You need to follow your gut instinct in these moments.

[Bessta]

Tough times in cryptocurrencies should be handled with caution, one should not be in panic ans must stay calm as possible. Always remember that you know how risky and unpredictable cryptos are snd yet you still get into them. So face tough crypto times with a braveheart. Being cool and focused would help a lot in being able to make intelligent decisions.

[Wonder_woman]

The best thing to do now is to "WAIT" we can't do anything but to wait. That's the only way to survive this crisis in market we need to wait patiently. In order to survive we must encourage our seves to have vacations and trip and forget about bitcoin, forget about crypto for now.

[GelsoAM]

When  just liquidated or burnt a part of my portfolio i usually do is just relax and don't look and trade for a few days to recharge and not think about the loss because one of your worst enemy in trading will be your emotions because you will be greedy.

[GREATLOVE]

Well, we need to forget about crypto currencies for now. We need to forget about what we hold instead we need to do something that we can forget about it.

[kolega]

In such a situation as now in the cryptocurrency market, you need to be out of the market, the cryptocurrency should be sold already. Wait for the growing trend and buy.
If you have not had time to sell, just wait. The market will not fall forever.

[smyslov]

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?

You can sell right away to avoid losing more and get out of the stressful situation, or if you are a straight trader then you choose to hold and hope everything will be fine along the way and recover or even gain in the future, it's really very unstable right now.

[bitcoinmasterlord]

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?

If you can believe cryptocurrency then no worry about this correction this is common, actually a real trader can use this opertunity and make money in future. I am just holding my coins and also buying new altcoins for a cheap price. i was waiting for this movement to buy my fav coins for a cheap price.

[fabioganga]

When volatility is high definitely try not to panic.

I am still holding all my positions for two main reasons:

a) I have faith in cryptocurrencies and how they will become more and more popular.

a) the market is still on an UPTREND. Look at the market change in the past six months here:

https://www.bitscreener.com/screener

virtually every coin in the past six months has been on an uptrend, so we should look at it from a much wider perspective and not focus on the day to day charts.

That's why I am holding and I am confident.

[putrisa]

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?

I used to handle the time and know when the right time just by looking at market conditions and new news, and currently bitcoin prices are down drastically down to less than $ 10 then all you can do is just wait for the price back up do not you sell and do not easily despair . the price will definitely go back up you need to do just wait for time only.

[bitcoinking11]

I think the best way to handle tough time is to have patient. Don't sell your coins, just hold whatever coins you have got and concentrate on other work you have.

[DBronze98]

The market continues to go downhill, Bitcoin continues to go down and wears at under $ 10,000, but I still feel I should trust it and do not worry too much that it will get worse. For sure it will soon come back.

[gawer33]

This is actually the best time to study charting, and technical analysis on a bull run everything works, only in bear market you will experience on how to manage your trading strategies it help you in future trading

[dothebeats]

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?

If I find myself on such a difficult scenario, I won't panic and try to see if the investment I have has the tendency to bounce back no matter how bad the price is at the current times. Next is I'd take a risk to try and average down my investment to see whether I'd make it out even or I can still make a profit. It's a huge risk, but again if the asset I'm holding at right now has a high tendency to bounce back, then it's a risk worth taking. You can always sell at a loss, though I think only impatient people do that to their money, lol.

[v0rtecxz]

be patient and wait no need to hurry, at such a time do not get carried away the atmosphere becomes panic, because it can harm your own, the trade is full of risks, you can lose all the capital because of these risks, but behind the risk there is a big advantage, you must make the right decision for yourself because every step you take will determine the outcome whether it is profit or loss

[Primuscoin]

Not only in Cryptocurrency. In Stocks too

[Chypssach]

Trying to time the market is pointless, so even if you are a hard believer in crypto, whenever you feel like the bubble is going to burst, as happened with BTC on December, it is good to sell some and re-buy at lower prices. What you cannot do is sell and buy higher if the price continues to go up, just be patient and wait for it to drop.

For example, if you sold at 13-14k, which was when BTC was going vertically up with a very unsustainable growth, you would have been able to buy and trade the swings with that FIAT money, making some nice profits during a bearish market, until the market turns bullish once again.

In my opinion a good combination is 85% BTC when the market is bullish and 50% BTC when the bubble feels unsustainable.