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Kim Ji Won (OP)
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April 05, 2018, 01:57:09 AM |
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We thought that the slight recovery of the market in the past few days is the start of another bull run for most of the coins but here we are again with another unseemingly dip in which we will see again a lot of FUDs that will only make things worse. Feels like we are given another chance to do something in this bearish market and take advantage of it. So how can we take advantage of this current situation?
It all comes down to these kinds of situation in which our trading skills are put to the test, anyone can make an easy money in the bull market but bear markets are where our skills are developed and our ability to make future profits is carved.
In a bear market, all coins are at its cheapest so it is a good chance to take some money out in the bank and invest it in a good coin but just because a coin is cheap doesn't mean it has value. DYOR on projects that are undervalued and has a potential to go ten folds or higher in the future when the market rebounds. Amidst the low quality or value of coins, analyzing one that has dropped a huge percentage from their ATH is a key.
This happens when most traders are impatient and the community has lost interest in the project even if their platform is still under development. They just want quick returns. So try and think about what you're doing so far and maybe you will realize that you are one of them and start avoiding doing these things in your crypto career.
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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Raffy11
Member
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Activity: 102
Merit: 14
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April 05, 2018, 11:59:43 PM |
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We thought that the slight recovery of the market in the past few days is the start of another bull run for most of the coins but here we are again with another unseemingly dip in which we will see again a lot of FUDs that will only make things worse. Feels like we are given another chance to do something in this bearish market and take advantage of it. So how can we take advantage of this current situation?
It all comes down to these kinds of situation in which our trading skills are put to the test, anyone can make an easy money in the bull market but bear markets are where our skills are developed and our ability to make future profits is carved.
In a bear market, all coins are at its cheapest so it is a good chance to take some money out in the bank and invest it in a good coin but just because a coin is cheap doesn't mean it has value. DYOR on projects that are undervalued and has a potential to go ten folds or higher in the future when the market rebounds. Amidst the low quality or value of coins, analyzing one that has dropped a huge percentage from their ATH is a key.
This happens when most traders are impatient and the community has lost interest in the project even if their platform is still under development. They just want quick returns. So try and think about what you're doing so far and maybe you will realize that you are one of them and start avoiding doing these things in your crypto career.
Well it's because of the coins that has low quality and value that there is no chance of gaining high value at all even if they hold it for some years. Traders with non potential coins will dump it for sure to get their money another factor is because of some bounty hunters that don't has patience and not holding their earned coins they just dumped it because they never used a single penny to get it that's one of the main reason why some coins becomes low quality. |
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croptodic
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April 07, 2018, 01:24:20 PM |
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Good write-up. We have pretty little in this Bearish situation. Avoid FUD, Don’t panic, hold your coins, buy some coin as the price is low and keep patience – these are the basic things to do right now. Thanks for sharing your thought.
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emmmmm
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Merit: 10
The Experience Layer of the Decentralized Internet
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April 07, 2018, 01:26:29 PM |
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We don't have to do anything, we just have to do it.
Long-term holding is the best way to make money.
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gabmen
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April 07, 2018, 03:03:24 PM |
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Good write-up. We have pretty little in this Bearish situation. Avoid FUD, Don’t panic, hold your coins, buy some coin as the price is low and keep patience – these are the basic things to do right now. Thanks for sharing your thought.
You can't really avoid fuds unless you completely separate yourself from anything crypto. It's everywhere in social media and the news. You probably have to learn how to live with all these and keep yourself composed. That's basically the best thing to do. Take your hands off first from crypto until the market recovers |
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nutildah
Legendary
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Activity: 2982
Merit: 7974
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April 07, 2018, 03:13:53 PM |
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Do what the insiders would do on Wall Street: short sell.
I try to avoid recommending Poloniex usually but their leveraging and short selling features are admittedly pretty nifty.
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happypencil
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April 07, 2018, 03:17:11 PM |
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buy more cheap coin and hold them in bear market , waiting the market recover then you can sell you coin at high price ,earn you profit ,
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MOProgress
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April 07, 2018, 03:20:47 PM |
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The best thing to do now that the market is like this is to buy and hold, if you panic sell, you may sell at loss but if you hold, that may earn you a huge profit in the nearest month.
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icalical
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April 07, 2018, 03:21:04 PM |
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First of all do not panic sell, you will make market worse and even you will get more loss. If you think you can find a good entry point, you can sell and buyback at dip. But for the market now, I don't see any crystal clear dip, the bearish may continue till the end of April, for now better to bold any position we have.
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rehydrogenated
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April 07, 2018, 03:27:33 PM |
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Without a doubt we are in a strong bear market for altcoins, especially tokens. I even see coins with airdrops where no one is even bothering to dump. That is such a huge change from just a few months ago. All the 2017 ICOs are hurting pretty bad. I think they will have a very hard time making their investors happen until the market turns around. Even news about exchange listing that used to pop coins 30% or more are having almost no effect, with prices returning downward within a day or two.
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regexlove
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April 07, 2018, 03:29:16 PM |
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I think it's necessary not to panic, and use this opportunity, because even if you invested in a coin that falls every day, you can trade for a slide and earn  |
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cryptogeek101
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April 07, 2018, 03:30:11 PM |
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The situation we are facing right now in the crypto market is a very big litmus test for crypto players. This is the period in which we know those crypto players who are persistent with the internet crypto space. If you are a strong believer you would pull out funds from the banks and buy more coins from the market for keep, waiting for the boom days to come so that you to sell them. I know it's not an easy task to carry out in the present situation where money is hard to find.
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gerjiss
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April 07, 2018, 03:32:37 PM |
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I think many people lack patience. That is why the situation that we are witnessing is being created. The only way out for me personally from this situation is investing for a long time. I think if you buy coins now, then after 2 years their price will be multiplied several times.
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mktcoin
Copper Member
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Activity: 108
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April 07, 2018, 03:33:45 PM |
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The main thing is to play on your and not on others and never to panic. HODL until it becomes profitable for you.
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nutildah
Legendary
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Activity: 2982
Merit: 7974
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April 07, 2018, 03:39:57 PM |
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i just told you exactly what to do to make money in a down market and my reply got bowled over by a bunch of noobs desperate for merit.
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fxcryptotrader
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April 07, 2018, 03:42:17 PM |
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Money management is first and foremost factor in trading.If any trader doesn't pay attention to money management ,he/she will have to face severe consequences.Its necessary to keep im mind the risk reward ratio and trades must be opened accordingly.Only that risk must be taken that can be recovered easily.
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epidose
Member
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Activity: 98
Merit: 10
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April 07, 2018, 03:51:44 PM |
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We thought that the slight recovery of the market in the past few days is the start of another bull run for most of the coins but here we are again with another unseemingly dip in which we will see again a lot of FUDs that will only make things worse. Feels like we are given another chance to do something in this bearish market and take advantage of it. So how can we take advantage of this current situation?
It all comes down to these kinds of situation in which our trading skills are put to the test, anyone can make an easy money in the bull market but bear markets are where our skills are developed and our ability to make future profits is carved.
In a bear market, all coins are at its cheapest so it is a good chance to take some money out in the bank and invest it in a good coin but just because a coin is cheap doesn't mean it has value. DYOR on projects that are undervalued and has a potential to go ten folds or higher in the future when the market rebounds. Amidst the low quality or value of coins, analyzing one that has dropped a huge percentage from their ATH is a key.
This happens when most traders are impatient and the community has lost interest in the project even if their platform is still under development. They just want quick returns. So try and think about what you're doing so far and maybe you will realize that you are one of them and start avoiding doing these things in your crypto career.
Thanks for the quality input and question, nice to see for a change  I've been on a hold pattern for my coins/portfolio - but I have a fairly low risk portfolio, all things considered, and almost everything is still "up" from initial investment. Given the bear market, I think I agree with your 3rd paragraph, in that it's a solid time to re-invest some extra money into your portfolio, particularly if there's a certain coin or two that you have been continuing to follow that you think still has a lot of potential. For me, that's enjin. I invested in at 2c, and it's still hovering around 10c. Not only that, but I continue to see partnerships forming and further establishing of the coin and use-case scenarios. That's a real positive for me, that even in the face of the bearish market, the developers and team are still progressing forward. Like you said, once the market starts to rebound, a lot of coins are going to rebound very strongly. I think the strongest coins will be the ones that found application even throughout the dips and drops of the market in its current state. Again, thanks for the quality post! If I may ask, are you specifically doing in this market? What's been your strategy? |
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muhdatha
Member
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Betrium 🎾 Worldwide Betting Exchange
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April 07, 2018, 04:03:23 PM |
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We should understand prices might be never come back to December level. But the worst thing - day by day investors lose interest to ICO and crypto  |
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qazgroup
Member
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Activity: 1022
Merit: 20
RiveMont
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April 07, 2018, 04:06:09 PM |
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I have read quite a few articles and expert opinions that are claiming that super bullish market will be back in may and june, i do not know the basis for this may be some institutional money will be coming into crypto, if this will be the case we need to wait and hold for good times. Till then just enjoy your favorite sports and do not watch prices every hour.
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Afrizky R
Newbie
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Activity: 180
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April 07, 2018, 04:06:40 PM |
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We thought that the slight recovery of the market in the past few days is the start of another bull run for most of the coins but here we are again with another unseemingly dip in which we will see again a lot of FUDs that will only make things worse. Feels like we are given another chance to do something in this bearish market and take advantage of it. So how can we take advantage of this current situation?
It all comes down to these kinds of situation in which our trading skills are put to the test, anyone can make an easy money in the bull market but bear markets are where our skills are developed and our ability to make future profits is carved.
In a bear market, all coins are at its cheapest so it is a good chance to take some money out in the bank and invest it in a good coin but just because a coin is cheap doesn't mean it has value. DYOR on projects that are undervalued and has a potential to go ten folds or higher in the future when the market rebounds. Amidst the low quality or value of coins, analyzing one that has dropped a huge percentage from their ATH is a key.
This happens when most traders are impatient and the community has lost interest in the project even if their platform is still under development. They just want quick returns. So try and think about what you're doing so far and maybe you will realize that you are one of them and start avoiding doing these things in your crypto career.
indeed there is currently a bearish market, it is a natural thing because it will be necessary to move up the price If you are buying money that currently exists, then it will be more money and funds you have with the money management that you create the next step you can hold the coin for some time until the price matches the profit you expect see the market conditions and news that happen very important things in helping analyze the market |
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