How to handle tough times in cryptocurrency?

[entrepmind23]

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

I am in a losing position and I believe majority of us are so what I do is just hold on to my coins because I cannot sell it now when its value has plunge that much. I am also thinking of another strategy that will let me trade even if it goes down. I know that shorting is one of the strategies but I am not that confident yet with myself doing shorting because I don't have enough funds to cover it in case the trade goes wrong.

Most of my income is from cryptocurrencies and I need to pay some bills so I need to convert some to fiat and nowadays it is not really the best time to convert as the equivalent value is small so I need to convert more coins. I am thinking of a more effective strategy to earn more coins by taking some jobs which would give me more coins and at least would break-even my losing position.

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[L00n3y]

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?

Just be calm and be patient to avoid unnecessary move that you will regret later on. Prices fluctuates from time to time but who knows a month or two prices will go up and would surpass the previous high from late last year.

[BlockEye]

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

I am in a losing position and I believe majority of us are so what I do is just hold on to my coins because I cannot sell it now when its value has to plunge that much. I am also thinking of another strategy that will let me trade even if it goes down. I know that shorting is one of the strategies but I am not that confident yet with myself doing shorting because I don't have enough funds to cover it in case the trade goes wrong.

Most of my income is from cryptocurrencies and I need to pay some bills so I need to convert some to fiat and nowadays it is not really the best time to convert as the equivalent value is small so I need to convert more coins. I am thinking of a more effective strategy to earn more coins by taking some jobs which would give me more coins and at least would break-even my losing position.

Converting to fiat is not really a good decision now especially if those coins are brought from an actual job or from investment, try to do bounty for your monthly expenses if you don't have a job, find some legit project that will pay you according to your works.

[Victorycoin]

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 best thing to do is to sell your bitcoin when its price is decreasing then if its price starts to increase , buy and invest those money that you got from selling your btc.

That would be a terrible mistake to make and you would most likely end up shooting yourself in the leg, because price is always decreasing and rising. I guess you were going to say, selling at peak prices and buying back at bottom prices is one of the best trading decisions any trader can make.

However, when already in a losing position, you wouldn't want to make things worst by selling and foreclosing the chances of a recovery. At this stage, a systematic buy back, popularly known as averaging have been proven to be effective for such a situation.

If you cant afford losing, my opinion is to hold and wait for a big pump

When you're HODLing and price is down, you don't say, you're losing, rather it's price that is against you and that is exactly why you're holding onto your Bitcoin until whenever price improves to your satisfaction.

[spyerf]

If you still have unsold coins and you do not have a backup capital, you also have to be patient and wait until the coins are worth to sell. or for a while you get out of the market, just forget about crypto currency and concentrate more on the work you have, so you do not follow the emotions to sell in a state of loss.

[macchiato]

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?

When it comes to known cryptocurrencies like Bitcoin and Ethereum, I think it is okay to keep holding because these two coins already have strong market influence. Do not let the market correction affect you. It is normal and a coin as volatile as those two, especially bitcoin, fluctuations in price are not peculiar.

[Borisb52]

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?

Now we just need to wait. The market is still bearish. But after every fall in prices, growth always begins. You just have to wait for this growth. Therefore, in this situation, we just need to be patient. How long should I wait? No one can answer this question accurately. So just wait.

[nieninja53]

Yes it is good question in tough condition the emotion will be counted and the best thing is in this condition is control your emotions and keep waiting the market situation and wait the time when market will become in good condition again then sell the coins instead of panic selling in tough time.

[thelma987]

Tough times will always come in any but you have to try as much as possible to take the pains of Endurance, be very patient, don't back out no matter what, because you will rise again

[tbalazs]

Just dont panic, keep those positions that you really believe will benefit you on the long run and maybe loose those that are riskier in your opinion. Or the risky ones - write down the loss, forget them and look at those in a year from now and only care about the ones you like

[sujonali1819]

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?

Yea it is so difficult to handle when coming the tough times in cryptocurrency. And this time is that time. I think to handle this time we should control emotion. we should wait until price up again. And it is a good decision that doesn't invest more money in cryptocurrency. And always we need stock some usdt for buying in the deep. I think this time [means price dumping hard] is the best time for buying all crypto in very cheap. So take the time as a chance to buy again and don't thinking about your holding.

[hurriebra49]

The crypto market is working with too much ups and downs when the market goes up there is a too much high profit margin in between them and when the market goes down then may be it down their 10x and the situation is totally different to handle in term of too much profit and too much loss if you are involve in such coin that is up or down according to this market condition then the tough time for you in case of market or your currency down trend so for the understanding the good thing is the market high price trend you don’t forget and wait until the market goes up again and don’t feel panic.

[MinerHQ]

Just dont panic, keep those positions that you really believe will benefit you on the long run and maybe loose those that are riskier in your opinion. Or the risky ones - write down the loss, forget them and look at those in a year from now and only care about the ones you like

That is the reason I usually don't invest in those shit coins even though they go up every day. I will buy only those coins which I like their project and believe in the future of those coins. So if they go down then I will consider to buy more to average those prices. Until now I didn't sell any of my coins yet and waiting for the market to go up.

[gaurav@zup]

losing position is the position where you feel that i cannot take any more losses and in that scenario one must sell immediately so that you can buy when the market plums down further. But if the losses are already beyond measures and if it is not your credit money then HOLD as what is there to loose more than that you have already lost and wait for next pump.

[Misshi]

Keep calm and worry not. Everything is normal. Do not panic because when you do that you will do things that you'll regret in the end. What I am doing right now is I am reading more and looking for another promising coins that I can invest in.

[hatun]

... don't move.

Don't be panic at all. Avoid emotion and be rational. Keep eyes on crypto news as well as discussion of this group.Hold your current coins firmly based on the insights of crypto market as well as coin. Buy more to average or sell to stop loss if negative news is prevailing.

[LSt56]

If you still have unsold coins and you do not have a backup capital, you also have to be patient and wait until the coins are worth to sell. or for a while you get out of the market, just forget about crypto currency and concentrate more on the work you have, so you do not follow the emotions to sell in a state of loss.

it is me, I am one of those people who are experiencing tension because all the funds I have today have been throwing away very much and I feel very sad. currently I can only wait and be patient until the market price will return to normal.

[danherbias07]

You have the answer already. HODL.
Best position you can get and nothing more. You cannot sell due to the fact that you will lose a lot of money.
Buying is one option but I doubt they will buy since it is in bearish mode. Only those who can shake the price like whales will have that courage to buy because they know profit will come later on.
Well for me, bitcoin should be a long term investment. Keep it until its usage is widen all over the world.

[mega]

Tough time is also a test of skills and emotions. Cryptocurrency is the big market and need time to understand the complexity of the market,Patience and turn short term strategy to long term will secure from losses and panic.Here need to control the emotions and handle with care and patiently.

[GoldenLad]

I don't seriously think we are at the losing position or anything like that. The price of bitcoin may seems discouraging now but in months to come all those whom have been holding will probably be sing praises I guess. Some people bought at a very high price and Its really tough for them cause it may look as if all hope is gone. We never can tell, the market might be promising in the next week.