How do you stomach the dips?

[jpespa]

When I was new in bitcoin the price was just around $570 then just few months have passed it blew up to $10000+ . Now I am still working with bitcoin and don't feel too much about the price going down because the price is actually still high for someone like me who work more to earn it than investing large sum of money. In my case my profit may be reduced a bit but still I am earning.

[Washball]

These are different times, now it's not just investors buying and selling what makes the price rise or drop. Now the threat comes from banks and governments. They will come with worldwide regulations and that could do serious harm to cryptocurrencies. Governments will not just tax, they'll, worst of all, centralize. This is causing the price drop of the last few days.

[BelieveInBTC]

I don't really mind them. When I was starting with cryptocurrencies I was always scared that Bitcoin might collapse but after some time I learned that these things happen and we can't avoid them. In fact they are even healthy because they are a proper time to sell your BTC and buy when the price goes even lower. What a shame that many people panic always when a correction starts. Later they blame Bitcoin for their loss even though they were aware of what they were doing.

[felipe04]

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?

There's no need in this question in the topic better to think what to do in this situation

If the price in all coins drops so low better to do is just hold because first you already take the risk so you already prepare to lose that

I think also if the coins drops i'm sure it will be back soon by their current high price

[bitChipper]

You can try and short to buy back in lower but if you dont have some strong technical analysis to back it up its likely you will trade poorly.

Been stomaching this shit for years, when you understand that most of these coins have a FIXED supply but increasing DEMAND it makes it alot easier to just hold and wait.

If you cant treat the money you put into crypto like a savings account then your in for a stressful time. Good luck

[Anti-Cen]

During Tulip Mania they had dips until one day they didn't and I sold on the dip when Bitcoin was last at $18,000
because it was obvious that the miners where holding a knife to our throats at the doors of the casino by charging
a $55 fee and calling it a donation.

No one trusts the development team and some of us know that the lightning network is nothing more than a system
of banking hubs but if you want off-chain block-chain then keep hanging around and ignoring the obvious news.
https://www.youtube.com/watch?v=UYHFrf5ci_g

We can always blame Kim for north Korea if it goes to zero right 

[Akash1243]

I generally just hold them when during dips as I think that it's better to wait and analyse the situation than making rash discussion of selling bitcoins at loss which you can regret later when prices are back to normal or has increased even more.Bitcoins are good for long term investment and with patience and calmness during dips can be profitable at long run.

[Anti-Cen]

rash discussion of selling bitcoins at loss

Wow you mean you actually brought in at over $10,000 because your the first one here to ever admit it.

I pulled out at $18,000 because the fees hit $55 per transaction so I made a killing myself but really i was helping
those that wanted to "Buy on the dip" because for every buyer you know, you have to have a seller but hopefully I can
help the miners out and buy up some of them 1080 GPU's graphic cards they might be forced to sell being such a nice
dude myself 

[btcluisdiki]

With the current situation, this price dips would somehow be temporary and for those who still have the capital, it would be best time for buying btc at a price where btc is cheaper. Long term investment should be considered when investing bitcoin and just wait more time for btc to regain it's growth.

[Ultegra134]

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?

I've stopped caring actually, I have my BTC stacked aside, not being into any use, just holding and hoping for the best. Moreover, after continuous observation on the price charts the last 2-3 months, I am seriously considering getting into trading to broader my horizons and bear the fruits of dips and pumps.

[forumsehat]

I really like to buy bitcoin whose price is down and sell it when it's expensive and will wait to get back to buy when the price goes down again, it will be very profitable.

[jayhawk1]

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?

Whenever crypto market drops, I just make sure to hold all the coins until the rise again and I also keep buying in all the dips part by part so as to make sure that my losses are covered even earlier and I make more profit. There is no meaning in selling crypto currencies in loss. People usually tend to panic during falls and sell their crypto. Unless you convert your coins into fiat money, you are never in loss cause it might take a bit, but the coins shall recover surely after the market correction is over.

[kiver]

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..

i have to say it's nice  that you don't care if you lost some of your investment but also we have to ask our selves why crypto market is so volatile and unstable that's the biggest disadvantages of crypto cuurencies and we also have to figure out way to stabilize the market i hope if anyone has an idea about reducing the market volatility would share it here so we can enhance cryptocurrency market

[neonshium]

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.

True. One cannot predict the entry and the exit point while investing or withdrawing money from crypto currency. So its better to hold if the crypto has already dropped cause you never know at what point it might again start to rise or till what price it shall fall. Better is to keep holding the coins you have and also to keep on buying side by side in all dips part by part.

Same applies while selling, during pumps keep selling your coins part by part so that you are secure even if it starts to dump hard, as you already would have removed the investment along with some profit.

[A Feeder]

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?

I ignore them because until now, I still dont have any tokens or coins earned. You guys are lucky because you have your coins to talk about and I dont. But, if I am in that situation, I will still hodl my coins for future use.

[Kotone]

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?

I can stomach the dips because I think that given a few days or a few time that the price of the bitcoin will stabilize and it will enable me to become much more successful if I would just wait. I like to imagine it like this is a time for reflection and opportunity where you can buy low and then wait again for it to go up and then you can make a profit out of bitcoin trading that for me is my way of going theough this dips that has been plaguing bitcoin and cryptocurrency as a whole

[Crypto Girl]

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?

Since i am not new in this field, i get to used with this drops and panic and now i am calm and at ease during the drop. I am HODLING and even buy more during the dipping for it is the great time to get more after the dip. So buy more and HODL then wait for the right timing to sell and get your profit.

[brontosaurus]

Ups and downs are the common feature of the crypto market. And being in this space for so many years, I've become used to it. In fact it's not only me, who has become used to all this, it's for everyone who has spend a considerable time in this bitcoin community. Trading definitely teaches us so many things and patience is one of the most important teachings of the crypto trading. So a situation, the kind, you are talking about is what I've been through a number of times!! So I preferably HOLD in such a situation. Of course, the responses may vary depending on the intensity of the situations. And one most important thing in such situations is that one should stay calm and composed instead of getting panicked and anxious.

[Mystica101]

I just rolled my eyes and didn't bother to open my holdings within the day then I'll come back and check it for the next day to see if there's a changes again but it didn't stop me for believing to hold it as long as I can this is like a normal routine for me to witnessed ups and downs and I'm kinda enjoying the ride that what is crypto is making me experience right now.

[Harlot]

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.

True. One cannot predict the entry and the exit point while investing or withdrawing money from crypto currency. So its better to hold if the crypto has already dropped cause you never know at what point it might again start to rise or till what price it shall fall. Better is to keep holding the coins you have and also to keep on buying side by side in all dips part by part.

Same applies while selling, during pumps keep selling your coins part by part so that you are secure even if it starts to dump hard, as you already would have removed the investment along with some profit.

It's not that all risky. If you are seeing the volume and at the same time the price is decreasing you know that the market is dominated by the sellers, when it is dipping it is more dangerous in buying compared to selling. People who are late in selling at a profit can still participate at selling right now hoping for it to dip more. Even this is risky and I may lose a lot of Bitcoin in the process, the chance of holding your Bitcoin at loss is really not a good option as you don't know when it will really rise back up again.