|
Victorycoin
|
 |
October 14, 2018, 09:56:27 PM |
|
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
Depends on the underlying asset. If it's one of the well capitalized coins/tokens and with huge daily volume, 20% drop in price is no cause for alarm. I have seen -58% myself and simply let it be, because of the more likelihood that it won't stay down for so long. |
|
|
|
|
atrocityx
Member
 Offline
Activity: 336
Merit: 71
|
|
October 14, 2018, 10:17:11 PM |
|
Its just apart of it really, you avoid the parts of the market that are obvious for correction, then you wait out the bottom if the dagger cuts a bit and cost average on your entry. I'm definitely not feeling confident with most alts right now.. I think we could fall even 20-30% further even with BTC staying above 6k.. The pain will help you trade better next time, I promise you.
|
|
|
|
|
elliuut
Newbie
Offline
Activity: 42
Merit: 0
|
|
October 15, 2018, 04:04:07 AM |
|
How much is a reasonable amount to start with? Is there such things as a minimum amount or could you possibly start with under a hundred?
|
|
|
|
|
enhu
Legendary
Offline
Activity: 2492
Merit: 1018
|
|
October 15, 2018, 04:10:00 AM |
|
I don't stomach all those dip, I just work harder to forget about it and move one. If the price rise later on in 2 to 5 years, I may be able to get my money back and more if not then I guess I'd just take it. ETh has definitely lost my faith, $80k is seriously a big loss for me. Too late because I moved my tokens to a private wallet and not in the exchange it it was in the exchange I would have dumped it easily. Luckily I got my back up plan still and am working on projects right now, I'd just forget the investment and will have to move on.
|
|
|
|
best ever
Member
Offline
Activity: 266
Merit: 10
|
|
October 15, 2018, 03:27:10 PM |
|
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
Many newbies in crypto trading might be selling their coins in panic on that kind of price drop but if they are already experienced traders or investors, they would going to hold their coins and wait for another round of price uptrend. Holding is still the best strategy to recover your investments and I've been doing it since I started to invest in cryptocurrencies. The last thing you should have to do during the next dip is to sell your BTC and tokens. You will lose everything. Just relax and think over another business. At the same time, hodl the crypto. |
|
|
|
|
|
rumexx
|
|
October 15, 2018, 03:46:36 PM |
|
This situation in the market is so pitiable and has reduced a lot of traders in incapacitated. I do not buy or sell top and buy bottom because i do not have the money. I am only holding and waiting for the market to moon so that i can get out from my holding position. The best option would have been to buy the bottom and wait to sell when there is a little markup but you must have money which you can afford to lose.
|
|
|
|
|
|
josephdd1
|
|
October 15, 2018, 04:54:50 PM |
|
The dips are the most important points in remembering to HODL to your coins because as we have seen many times before these are usually as part of a normal market volatility/correction.
|
|
|
|
|
|
drachman
|
|
October 18, 2018, 08:04:43 PM |
|
From the time you created this thread, the cryptocurrency market has dropped more than you expected. It drops more than 50% since December 2017. The market hasn't recover since then and actually it is still on the decline. But, you just need to hold on because these situations will surely pass.
Holding is the right choice but when the coins you are holding lose 60% or more of its value in a matter of weeks and months then we need to admit that it is hard to do, holding is very easy when you are making profits but when your losses are so massive, holding your coins can be one of the most difficult things to do in the world and I understand all of those that have sold their coins even if that was the wrong choice. |
|
|
|
|
minairia3
Sr. Member
Offline
Activity: 1638
Merit: 326
Vave.com - Crypto Casino
|
|
October 18, 2018, 09:18:37 PM |
|
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
Even plan your trade and trade your plan sometimes couldn't make the cut. Literally could not make it to your cutloss plan when it's really fast trades and also if you got attacked by technical issues or other factors you couldn't control. The only thing that you can do is to really set your expectations really low. Like you're expecting to get out by 10% but double to lower that worse case. |
|
|
|
rodskee
Full Member
Offline
Activity: 2548
Merit: 205
yahoo62278
|
|
October 18, 2018, 10:31:08 PM |
|
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
Analysts and visualized the history of crypto I don't like the idea of selling coins with have loses Is better to hold and wait the price jumps than to sell it I still believe long term holds the best time will comes in the right timing |
|
|
|
Expert3
Jr. Member
Offline
Activity: 230
Merit: 4
|
|
October 19, 2018, 07:00:49 AM |
|
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
If my assets was on loss, I would sell some and just hodl the rest. My tokens/coins are coming from bounties so I losing some USD value of those could be hard but it's the payment for my service so I consider it "they paying me less" LOL |
|
|
|
|
sublime5447
Legendary
Offline
Activity: 966
Merit: 1000
|
|
October 20, 2018, 01:18:44 AM |
|
The crypto prices have been falling very far from the prices at the end of 2017, where many people panicked and sold coins when the prices were low because they weren’t sure the prices would rise again. So if you want to make a profit you have to be sure of your strategy and be patient, believe that the price decrease will pass and rise again in the futur e. |
|
|
|
|
|
otundebis
|
|
October 20, 2018, 01:42:48 AM |
|
It depends on the outlook I have on my trade, if all I want is to short and get the tiniest margin possible, I will sell any opportunity. If I am holding and planning for bigger return, 80% loss will not move me!
|
|
|
|
|
gorodi
|
|
October 20, 2018, 09:24:59 AM |
|
I don't stomach all those dip, I just work harder to forget about it and move one. If the price rise later on in 2 to 5 years, I may be able to get my money back and more if not then I guess I'd just take it. ETh has definitely lost my faith, $80k is seriously a big loss for me. Too late because I moved my tokens to a private wallet and not in the exchange it it was in the exchange I would have dumped it easily. Luckily I got my back up plan still and am working on projects right now, I'd just forget the investment and will have to move on.
All of these dips are the part of the crypto life. If you work with these cryptocurrencies, you have to be ready to lose. Yes, you will earn finally, but the black strips will be met as well. |
|
|
|
|
|
drachman
|
|
October 31, 2018, 03:48:34 AM |
|
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
If my assets was on loss, I would sell some and just hodl the rest. My tokens/coins are coming from bounties so I losing some USD value of those could be hard but it's the payment for my service so I consider it "they paying me less" LOL The problem with holding such tokens for a long time is that the amount of time that an ico remains alive is getting shorter and most of the time you are going to lose money if you hold your coins for so long, so if what you are mostly holding are coins like that then you need to sell them at the first sign that something is wrong with your coins or you risk losing everything. |
|
|
|
|
|
junglist.massive
|
|
November 29, 2018, 09:27:54 PM |
|
If you sell at a low price then you will lose the profits th an what you have planned. But if you buy at a low price maybe you will be able to avoid losses by holding for a longer time. Nothing wrong if you staying at a low price because the price will rise again. Be patient and follow your plan so you will earn a profit. |
|
|
|
|
GoodAltcoin
Newbie
Offline
Activity: 40
Merit: 0
|
|
November 29, 2018, 10:00:56 PM |
|
I agree. If you haven't taken short by now, hold your horses. The predicted reverse already started and there is no point into being desperate now. Truth to be told, I do not know how much did you start with but if you survived price of 3700$, everything will go better from now on. Take the chance it invests or just stay on the side and wait for the price to rise enough for it to make sense again.
|
|
|
|
|
gembirdprivate
Jr. Member
Offline
Activity: 196
Merit: 1
|
|
November 29, 2018, 10:40:53 PM |
|
I try to sell my savings as soon as their price reaches the top.
|
|
|
|
|
nydiacaskey01
Legendary
Offline
Activity: 1834
Merit: 1036
|
|
November 29, 2018, 10:55:56 PM |
|
Instead of looking at those dips negatively, look at it on a positive way. I remember reading somewhere that if see the price of Bitcoin dropped, buy more, if you the price of Bitcoin dropped some more, then buy more. Look at what happened last Monday and Tuesday, price of BTC dropped 16% but recovers after 48 hours. Think positive and don't panic.
|
|
|
|
|
|
kotajikikox
|
|
November 29, 2018, 11:37:26 PM |
|
How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?
Hodl hodl that's is my strategy it's better to sacrifice my stomach than to sell my coins in a lower value, 20% loses aren't small amount of loses specially the amount of coin are huge. |
|
|
|
|
