How do you stomach the dips?

[CarltonWyatt]

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?

[1715544300]

1715544300

[diouf67]

Generally I hold because it's so difficult to see when the dips are going to come and once you've missed them it's risky to sell in the hope they'll continue to dip.

As for how to stomach it - it gets easier every time, I find solace in a few bottles of beer and some good music. Everyone probably has their own way, I watch the price a lot less when things are on a downturn than an upturn so that I can have some mental peace for a while.

Hopefully one day (if not now) you'll be in a position where even after a large 20% or more dip you'll still be in a profit and that's always a nice thing to fall back on.

[mk4]

After my 2 years in the cryptocurrency space, after all the panics at the beginning(first few months) of my investment journey, you simply kinda just get used to it. A huge factor is also that even though I invested a significant amount, if ever my crypto investments go to zero(even if it's kinda almost impossible), I would still have a place to live in and have enough money for food and to start over.

A bull market right now would be really nice, though..

[LFC_Bitcoin]

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 & try not to worry about it, you’re only losing money if you’re selling at a loss. Besides i’m massively up on what I’ve invested.

[littlebill16]

Unlike the rest of the guys in the thread I am currently down on my overall investment and I'd be lying if I said it was easy to deal with the dips but it's made all that much easier by being sensible in the first place. While it would hurt if I lost what I have invested, I did not invest more than I was willing to lose. One thing I like to do is go and read about bitcoin and cryptocurrency, use this time to become better educated and understand the benefits of what you're invested in, that can help you to have much more confidence in it

[tora]

I traded shares for almost 40 years so I am used to peaks and troughs of investments. Try not to be consumed with daily movements. If you want to trade then try selling on the upward and buy back on the downward but if you sell it may not go below that level for buying back.

[Drunkenhorse]

Very easy, I have very stable character and if something bad happens, I always find a solution.

[LFC_Bitcoin]

I traded shares for almost 40 years so I am used to peaks and troughs of investments. Try not to be consumed with daily movements. If you want to trade then try selling on the upward and buy back on the downward but if you sell it may not go below that level for buying back.

That’s where most people go wrong & it’s why you see accounts around here trolling, posting FUD. Lots of butthurt people who sold & didn’t manage to get back in before a violent upwards swing.

Don’t be that guy.

[vintages]

Though some people do this, according to them, there are few gains in it and it prevents them from loss. But I seriously don't think it worth it and neither is it a right decision to make. When I started out dealing with cryptocurrency, I previously make the mistake of selling and I must confess, I loss quite a lot. I wish I could turn back then hand of clock, I would have steadfastly hold my coins.

[Mometaskers]

Simple, I don't think about it. Or I just think that when I first came in here it was just around $500. Pretty neat huh? When you think of lows like that, even plunges to down $5k don't look so bad.

[faatipoke]

Firstly 20% plus decrease is not much for cryptocurrencies. People can make %5000 profits in short times, so decreasing and losing money is normal for crypto trading. I think you must not be afraid of selling with loss, because most of the times bearish trend decreasing to 90% is normal. you can buy when it is really cheap

[Dreaming]

I don't anymore. Sick of the market this year. I went ahead and sold everything.

[solarion]

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 is the key to manage the price dump. Whenever we see the bitcoin and other alt currencies dumped in the market. Initially we need not panic about the amount go to sell it.
With in some weeks all the amount will settle back to decent value in the chart.
This weeks dip definitely you might noticed via the news which says about mt gox, crypto regulations on trading cryptos.

[1 currency now]

I don't anymore. Sick of the market this year. I went ahead and sold everything.

Are you going to purchase any when the price goes up? I suggest that you have some money to spend on that.

[WARM SOMBRERO KISSES]

I traded shares for almost 40 years so I am used to peaks and troughs of investments. Try not to be consumed with daily movements. If you want to trade then try selling on the upward and buy back on the downward but if you sell it may not go below that level for buying back.

Well put

[pereira4]

I traded shares for almost 40 years so I am used to peaks and troughs of investments. Try not to be consumed with daily movements. If you want to trade then try selling on the upward and buy back on the downward but if you sell it may not go below that level for buying back.

Im relatively new to markets. Before Bitcoin I had no idea about most things economy wise, but since I have been in Bitcoin for a while, I have had a training program in the form of the MtGox crash, where I saw it go from $1200 to near $100... this was the biggest crash of all times in Bitcoin, which is why all these guys screaming doom about any further crashes seem like a joke to me.

Once you've saw it drop 90%, then recover to go almost x20 of it's current ATH... how the hell can people fear Bitcoin failing? it has shown how it can recover from death itself. It's a matter of having a strong hand.

[w5pn73]

I traded shares for almost 40 years so I am used to peaks and troughs of investments. Try not to be consumed with daily movements. If you want to trade then try selling on the upward and buy back on the downward but if you sell it may not go below that level for buying back.

Im relatively new to markets. Before Bitcoin I had no idea about most things economy wise, but since I have been in Bitcoin for a while, I have had a training program in the form of the MtGox crash, where I saw it go from $1200 to near $100... this was the biggest crash of all times in Bitcoin, which is why all these guys screaming doom about any further crashes seem like a joke to me.

Once you've saw it drop 90%, then recover to go almost x20 of it's current ATH... how the hell can people fear Bitcoin failing? it has shown how it can recover from death itself. It's a matter of having a strong hand.

You know why they fear? Because they have bought at the top

[-Sinner-]

Wich stomach? I already sold my stomach for buy more btc at the dip.. Unfortunately the dip of yesterday was the high of today..
Kidding apart, is always risky to short bitcoin, i always buy/enlarge my position at every dip.

[buytheeffinD]

I hodl because I am not a good trader and I don't want to have to be near my computer at all times of the day to do trading. I have believe that the markets will go up and I am not greedy, thus hodl approach works good for my circumstances.

[shailkumari]

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?

Such drops can be hard to digest for new investors. They start investing with the hope that their money will only increase after the investment. Personally, I have become used to these price falls. On the current local exchange I am using frequently I see drops of $200-$300 in minutes but it still does not makes me panic. I know that this is common as we keep getting mixed news related to bitcoins from all over the world. If the prices are not volatile, we will not be able to see those amazing spikes as well.