Basic Bitcoins Strategies during downtrend?

[gabmen]

My own strategy is to forget the wallet, I don't visit my wallet untill the downtrend is over to avoid having psychological trauma.

Well there's not much to it anyways but to do the same as you dude or better yet, to take it to your advantage and buy the dip. There's no better time to accumulate coins than when the market is down though not many people see it that way

[Ctn]

Yeah mostly people follow this strategy no matter what they do this in the panic attack also. So its no wonder that altcoins go down in the downtrend period along with the bitcoin too. For time being it is also noticed that many times selling altcoins in such downtrend could lead to more loss as they might just recover faster than the bitcoin due to their low rate per coin and smaller market cap. Thus, its also thinkable that which coin you have got and whether it is worth selling it or not. I mean just for example, you have XRP in your wallet but you know that it will be far easier for the XRP to double itself in value than the BTC then its not worth selling it.

[BrewMaster]

My own strategy is to forget the wallet, I don't visit my wallet untill the downtrend is over to avoid having psychological trauma.

Well there's not much to it anyways but to do the same as you dude or better yet, to take it to your advantage and buy the dip. There's no better time to accumulate coins than when the market is down though not many people see it that way

not all the dips are good for accumulation. for example the initial dip after the ATH was the worst time to buy in specially if you weren't planning on day trading.
but when we are already at the bottom and price pushes a little lower to test the buy support then it is the best time to start buying because it is THE bottom of the bottoms!
and as always it is the matter of believing in the future of what you are investing in. if you know bitcoin is going to do well then buying is the best option.

[daarul50]

As long as the market conditions are downtren I do not think to take profit instead I think to buy in stages until found the base price of the decline that occurred. That way, I will benefit because I can get more bitcoin and just wait for healing to happen.

[tunapa]

Its important to know that there will be always be reduction in prices in an unstable market, we should be prepared for cases like this by converting our coins to fiat or usdt. Sell all your coins ,convert the money to fiat and wait to see how far the reduction will go then you can buy back the dip. A good trader will always prepare some funds to buy the dip. You should only sell if you are converting to fiat or buying another coin that you think will rise and and bring more gains.

[snaper14]

I used to use tether when btc hit the support or resistance level in order to secure the fluctuations in market but unfortunately I didn`t do it when it was in the top price

[juiceannabel]

If bitcoin market is on the downtrend, it means it is the best time to buy more coins. Not only for bitcoin, but other cryptocurrency as well.
What you must not do is selling your coins. It is no use if you sell your btc at down market. Later you will regret and buy back with higher price

[Pursuer]

If bitcoin market is on the downtrend, it means it is the best time to buy more coins. Not only for bitcoin, but other cryptocurrency as well.
What you must not do is selling your coins. It is no use if you sell your btc at down market. Later you will regret and buy back with higher price

I disagree on both accounts.
first of all when bitcoin drops everyone knows that altcoins will get dumped. but the thing is when altcoins are dumped it can cause a much bigger dump in them which means they won't survive long and they may continue going down even after everything else goes back to normal.
secondly when talking about selling your bitcoin during a drop you should always consider the time and reason of it. for example when it is a much needed correction and at the start of the drop, the best option is to sell. but when it is already at the bottom of the drop that is the time that you should not sell.

[Thecryptocurrency09]

Share your personal bitcoin strategies during unstable market conditions, on how you were able to minimize your losses or even made gains maybe we can share other personal strategies here on how you maintain your porfolio's balance in a good scale. I'm not a TA person so my personal experience is all based on fundamentals.

1. I sold all my shit coins and convert them to btc.
2. I do a daily or weekly trades based on fundamentals and news on my alts holdings.
3. I joined more bounty campaigns and sold 100% most of them and convert to bitcoins then fiat.
4. Everytime bitcoin drops ( again my personal strategy) i used all the fiat from my bounties to buy bitcoin then sold them once it hits  (10%) gain.
5. I keep on repeating this strategy and noticed that i really survive the downtrend even i didn't not sold my initial btc balance to fiat.

I know there are lots of very technical guys here who managed to survive by selling their bitcoins to fiat and eventually buying during lows. I shared this just to inspired those newbies who are not comfortable in converting their btc to fiat ( as sometimes makes us to loss more ). There are lots of good strategies to maintain our porfolio's balance which does not required extra money from our pocket but only requires more effort. I look forward to learn more good strategies here by sharing your own, Thanks in advance and Godbless to all of us!!!

It is a good thing to know that there are sort of first aid or even a prevention in times of bitcoin phenominal calamity or its downfall. Although there are some problems that may probably encountered. Therefore it is a fine thing to lost down tgis possible aid in such scenario. As far as we all know bitcoin is s vulnerable that is why this is a big help for us.

[PG13]

Share your personal bitcoin strategies during unstable market conditions, on how you were able to minimize your losses or even made gains maybe we can share other personal strategies here on how you maintain your porfolio's balance in a good scale. I'm not a TA person so my personal experience is all based on fundamentals.

1. I sold all my shit coins and convert them to btc.
2. I do a daily or weekly trades based on fundamentals and news on my alts holdings.
3. I joined more bounty campaigns and sold 100% most of them and convert to bitcoins then fiat.
4. Everytime bitcoin drops ( again my personal strategy) i used all the fiat from my bounties to buy bitcoin then sold them once it hits  (10%) gain.
5. I keep on repeating this strategy and noticed that i really survive the downtrend even i didn't not sold my initial btc balance to fiat.

I know there are lots of very technical guys here who managed to survive by selling their bitcoins to fiat and eventually buying during lows. I shared this just to inspired those newbies who are not comfortable in converting their btc to fiat ( as sometimes makes us to loss more ). There are lots of good strategies to maintain our porfolio's balance which does not required extra money from our pocket but only requires more effort. I look forward to learn more good strategies here by sharing your own, Thanks in advance and Godbless to all of us!!!

I sell all my tokens from bounties and convert it to bitcoin. Once I feel that the price or the market will undergo correction I will sell my bitcoin into fiat and wait for the bottom price to buy back again and sell when I get 15-25% profits. In this strategy my bitcoin will increase.

[zhuiyongliang8]

Share your personal bitcoin strategies during unstable market conditions, on how you were able to minimize your losses or even made gains maybe we can share other personal strategies here on how you maintain your porfolio's balance in a good scale. I'm not a TA person so my personal experience is all based on fundamentals.

1. I sold all my shit coins and convert them to btc.
2. I do a daily or weekly trades based on fundamentals and news on my alts holdings.
3. I joined more bounty campaigns and sold 100% most of them and convert to bitcoins then fiat.
4. Everytime bitcoin drops ( again my personal strategy) i used all the fiat from my bounties to buy bitcoin then sold them once it hits  (10%) gain.
5. I keep on repeating this strategy and noticed that i really survive the downtrend even i didn't not sold my initial btc balance to fiat.

I know there are lots of very technical guys here who managed to survive by selling their bitcoins to fiat and eventually buying during lows. I shared this just to inspired those newbies who are not comfortable in converting their btc to fiat ( as sometimes makes us to loss more ). There are lots of good strategies to maintain our porfolio's balance which does not required extra money from our pocket but only requires more effort. I look forward to learn more good strategies here by sharing your own, Thanks in advance and Godbless to all of us!!!

For me, my strategy is to forget it when the market falls.

Wait for the market to recover and sell it at a price higher than the purchase price.

[ethereumhunter]

Share your personal bitcoin strategies during unstable market conditions, on how you were able to minimize your losses or even made gains maybe we can share other personal strategies here on how you maintain your porfolio's balance in a good scale. I'm not a TA person so my personal experience is all based on fundamentals.

1. I sold all my shit coins and convert them to btc.
2. I do a daily or weekly trades based on fundamentals and news on my alts holdings.
3. I joined more bounty campaigns and sold 100% most of them and convert to bitcoins then fiat.
4. Everytime bitcoin drops ( again my personal strategy) i used all the fiat from my bounties to buy bitcoin then sold them once it hits  (10%) gain.
5. I keep on repeating this strategy and noticed that i really survive the downtrend even i didn't not sold my initial btc balance to fiat.

I know there are lots of very technical guys here who managed to survive by selling their bitcoins to fiat and eventually buying during lows. I shared this just to inspired those newbies who are not comfortable in converting their btc to fiat ( as sometimes makes us to loss more ). There are lots of good strategies to maintain our porfolio's balance which does not required extra money from our pocket but only requires more effort. I look forward to learn more good strategies here by sharing your own, Thanks in advance and Godbless to all of us!!!

I think and believe that the common strategy is hodl during downtrends and see it as an opportunity to buy more coins and sell when prices goes up.

yes, we are only could hold during the downtrends because if we are sell or make stop loss, it means we are ready to lose some of the money and I don't think that every trader will do this. hold and watch the price goes is a good thing that we can do and if we know where the price wants to go, then we can make another plan to buy or still wait for a while.

[boksoon]

Share your personal bitcoin strategies during unstable market conditions, on how you were able to minimize your losses or even made gains maybe we can share other personal strategies here on how you maintain your porfolio's balance in a good scale. I'm not a TA person so my personal experience is all based on fundamentals.

1. I sold all my shit coins and convert them to btc.
2. I do a daily or weekly trades based on fundamentals and news on my alts holdings.
3. I joined more bounty campaigns and sold 100% most of them and convert to bitcoins then fiat.
4. Everytime bitcoin drops ( again my personal strategy) i used all the fiat from my bounties to buy bitcoin then sold them once it hits  (10%) gain.
5. I keep on repeating this strategy and noticed that i really survive the downtrend even i didn't not sold my initial btc balance to fiat.

I know there are lots of very technical guys here who managed to survive by selling their bitcoins to fiat and eventually buying during lows. I shared this just to inspired those newbies who are not comfortable in converting their btc to fiat ( as sometimes makes us to loss more ). There are lots of good strategies to maintain our porfolio's balance which does not required extra money from our pocket but only requires more effort. I look forward to learn more good strategies here by sharing your own, Thanks in advance and Godbless to all of us!!!

All strategy you shared are really helpfull not only for newbie but in general. That's exactly what's strategies needed for all this time because like the price of Bitcoin is almost stable  successive for almost 4 months so all investor are experienced for not enough getting profit until now. If you think what's the best solution and alternative option for getting profit so just do it.

[Dudeperfect]

Even though the great investor has different views regarding cryptocurrencies, I believe that his investment strategies are valid in the crypto market too and hence I follow his principles. He says, "Be greedy when others are fearful and Be fearful when others are greedy". When the market is falling, I try to buy Bitcoin with a systematic investment plan which emphasizes on buying in a smaller number of units at a higher frequency of time when the market is falling and selling in units with the reverse order when the market hits high levels. Even though I am focused on investing rather than trading, this strategy works in most of the cases.

[Redhead5]

Share your personal bitcoin strategies during unstable market conditions, on how you were able to minimize your losses or even made gains maybe we can share other personal strategies here on how you maintain your porfolio's balance in a good scale. I'm not a TA person so my personal experience is all based on fundamentals.

1. I sold all my shit coins and convert them to btc.
2. I do a daily or weekly trades based on fundamentals and news on my alts holdings.
3. I joined more bounty campaigns and sold 100% most of them and convert to bitcoins then fiat.
4. Everytime bitcoin drops ( again my personal strategy) i used all the fiat from my bounties to buy bitcoin then sold them once it hits  (10%) gain.
5. I keep on repeating this strategy and noticed that i really survive the downtrend even i didn't not sold my initial btc balance to fiat.

I know there are lots of very technical guys here who managed to survive by selling their bitcoins to fiat and eventually buying during lows. I shared this just to inspired those newbies who are not comfortable in converting their btc to fiat ( as sometimes makes us to loss more ). There are lots of good strategies to maintain our porfolio's balance which does not required extra money from our pocket but only requires more effort. I look forward to learn more good strategies here by sharing your own, Thanks in advance and Godbless to all of us!!!

For me, my strategy is to forget it when the market falls.

Wait for the market to recover and sell it at a price higher than the purchase price.

My idea when bitcoin is on downtrend I will hold it to my cold wallet and forget it, until such time when the market recovered the downfall, I will sell it and invest another potential altcoins that may gives great profit in the future.

[commanderbitcoin]

Nothing new with my strategy when there is a downtrend. I sell all my altcoins and convert it to bitcoin because I believe that if there is a survivor in cryptocurreny, it will always be Bitcoin. I buy back my favorite altcoins when it is already uptrend, that way I survive during red market.