joeperry
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Bons.io Telegram Casino
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May 10, 2018, 08:39:32 PM |
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I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?
In the time of crisis, the worst decision will be panic selling the coins. One should be patient in such time and try to hold as many coins as we can and wait for a pump. You can even earn profits by buying the coins in cheap prices at the time of crises as there are many panic sellers out there in the market how will sell their coins and you can buy those and earn huge profits when the price pump up again and also not lose your investment. |
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jamesclark
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May 11, 2018, 12:18:37 PM |
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Anyways, crisis time is completely an awkward situation, where most of cryptotraders lose their control over "what we should do right now"
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krankNL
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May 11, 2018, 03:33:55 PM |
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I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?
In the time of crisis, the worst decision will be panic selling the coins. One should be patient in such time and try to hold as many coins as we can and wait for a pump. You can even earn profits by buying the coins in cheap prices at the time of crises as there are many panic sellers out there in the market how will sell their coins and you can buy those and earn huge profits when the price pump up again and also not lose your investment. Crisis is a wide term here, it represents a serious situation, more serious than market price corrections and market crashes. We didn't see a serious crisis for the coins so far. Only ones were market price corrections. |
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ArkiCrypto
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May 11, 2018, 03:37:44 PM |
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Well if you do have a behaviour like thin in Cryptocurrency Trading I suggest that you should stop and get out of trading instantly. Trading requires a technical analysis, strategies, etc. and the emotions of people can't do anything in trading.
A trader must have a peace of mind, he/she should know his/her consequences when he/she invest into cryptocurrency trading. Also a trader should have enough knowledge about strategies, reading graphs and has a backup plans. For example:
• If I buy low price coin and continues to drop, what should I do?
• If I buy low price and it increases, When do I sell it?
• What strategy should I use?
Some people are happy to see reds in market and some are not, well it depends on the perspective of the person but if you let your emotion controls you in trading I would suggest that: Just go to sleep and don't mind your coins and just wait for 6 months to 1 year and withdraw it. If you can't really handle the market it is called (Long term Investment)
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Omega Weapon
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May 11, 2018, 10:40:34 PM |
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stop watching my ballance is one of my way to survive from crisis
coz whenever i saw my ballance i feel frustated
we can't do anything except watch and wait
Keep HODL
This may seem to go against logic but this is the right call, there are many people that got bitcoin when it was very cheap and then they forgot about it and then one day many years later they remember that they had some bitcoin and became millionaires, if you are very worried about what's happening in the market the best thing is to forget about it especially if you invested in a coin like bitcoin. |
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jamesclark
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May 14, 2018, 08:59:33 AM |
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Personally for me, I think the most important thing to do is to control my nerves, then try to do a full research of the market and altcoins
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dilandanmilea
Jr. Member
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Activity: 283
Merit: 1
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May 14, 2018, 09:11:45 AM |
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I'll be quiet and choose to take a short break in trading while waiting for things to improve. It would be better if I hunt bounty, at least I will try to cover up losses in trading with bounty hunting.
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Chronos_angel
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May 14, 2018, 03:57:16 PM |
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I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?
Time of crisis is the most severe time to trade if you do not have enough knowledge and experience in trading using some other professional traders, this is actually the best time for them to gather good coins at a lower price than typical. Attempt to stay focused on what you prefer the the majority of, read and keep track of the news for possible explanations why the market is straight down and I'm certain you will be fine. |
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Sinecoin
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May 14, 2018, 04:02:28 PM |
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I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?
The most important thing to remember while trading is to keep emotions out of your decisions. This rule especially applies to these crisis times where things do not go as planned and you begin to lose money. If you want to minimize losses you must learn to either hold and try to trade the swings but never panic sell because prices will recover. |
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GawirZZ
Newbie
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Activity: 168
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May 14, 2018, 04:08:34 PM |
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if the market does not allow me to always seek capital by following the bounty program because it really helps me in finding trading capital.
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deppil
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May 14, 2018, 04:39:58 PM |
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Anyways, crisis time is completely an awkward situation, where most of cryptotraders lose their control over "what we should do right now"
actually this situation happened in the past and happened in a period of few months. yeah you're right it makes us feel confused what to do? because the market situation is more likely to decline while we need the active income from trading. it really makes skill and intelligence desperately needed... |
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deppil
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May 14, 2018, 04:50:06 PM |
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Anyways, crisis time is completely an awkward situation, where most of cryptotraders lose their control over "what we should do right now"
actually this situation happened in the past and happened in a period of few months. yeah you're right it makes us feel confused what to do? because the market situation is more likely to decline while we need the active income from trading. it really makes skill and intelligence desperately needed... |
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dev9t9ok
Newbie
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May 14, 2018, 05:30:16 PM |
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In crisis time it should to close all opened positions, turn off PC and go somewhere where you feel good because it needs some time to get quiet and figure out a situation. Alcohol, girls, sea are what you need and of course to forget about finances for some time.
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jamesclark
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May 15, 2018, 12:35:07 PM |
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If you are know how to make a good profits than big swings are good opportunity to make some quick bucks
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Omega Weapon
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May 15, 2018, 10:03:39 PM |
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If you have bought into a decent project with active development just stop looking at the price for a few months. Most traders are idiots and panic sell at low prices while whales and smart traders accumulate cheap alts at the bottom. A loss is only temporary until you have made the trade.
Correct, there is no need to look at the price of the coin in which invested if you are completely sure that the coin is any good, even good coins have really bad times but if the developers are working hard eventually the coin is going to be recognized by the community and when that happens all your efforts will be rewarded immensely. |
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beverly788113
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May 15, 2018, 10:30:23 PM |
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If you have bought into a decent project with active development just stop looking at the price for a few months. Most traders are idiots and panic sell at low prices while whales and smart traders accumulate cheap alts at the bottom. A loss is only temporary until you have made the trade.
Correct, there is no need to look at the price of the coin in which invested if you are completely sure that the coin is any good, even good coins have really bad times but if the developers are working hard eventually the coin is going to be recognized by the community and when that happens all your efforts will be rewarded immensely. You can see that the market in recent days is fluctuating continuously and very hard to guess, bitcoin and altcoin prices are constantly decreasing and there was a time bitcoin price reached $ 6000. This shows that the market is in a crisis, with a total of around $ 400 billion in evaporation, evaporating more than half the bitcoin price at $ 800 billion. That's why I think you should stay out of the market and wait for it to start trading again. |
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dunfida
Legendary
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Activity: 3080
Merit: 1131
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May 15, 2018, 10:41:20 PM |
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If you have bought into a decent project with active development just stop looking at the price for a few months. Most traders are idiots and panic sell at low prices while whales and smart traders accumulate cheap alts at the bottom. A loss is only temporary until you have made the trade.
Correct, there is no need to look at the price of the coin in which invested if you are completely sure that the coin is any good, even good coins have really bad times but if the developers are working hard eventually the coin is going to be recognized by the community and when that happens all your efforts will be rewarded immensely. If you go for long term then this thing would really be a basic stuff when you just simply hold up since you are going for long term but if you are doing active trades then it would be an another story. Every price movement do really counts.Sounds easy to make active trades but would really be hard to execute. Crisis is normal and we would really face this stuffs along the way where you would able to feel stressful times due to price movement which will really oppose on what you expect. |
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MiningSensei
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May 15, 2018, 10:58:06 PM |
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You can easily get frustrated if you start to loe a lot of money while you are trading (well, it happened to me before a lot of times) but no, there is nothing that you can do to avoid it.
Just relax, and forget about it for a while
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Hello
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jamesclark
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May 16, 2018, 11:45:25 AM |
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All knows that if you're abd at analyzing market during huge swings better to just stop trading and keep holding your coins
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Traslavin
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May 16, 2018, 12:31:48 PM |
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You can easily get frustrated if you start to loe a lot of money while you are trading (well, it happened to me before a lot of times) but no, there is nothing that you can do to avoid it.
Just relax, and forget about it for a while
Yes you can only get frustrated when you're going to overthink about the crisis that was happening in the trading right now. The only thing that you can do is just sit back and relax and let the crisis happen if it is was meant to happen because you can't do anything to change it aside from waiting to end this crisis. |
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