Hello traders

[charlotte04]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

Yep, you should cut your losses quickly and don't hold those coins that are dying. You shouldn't always hold those coins because you may never know if they are going to go back up again.

[Akiko]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

Trading without good knowledge is the riskiest way of working with cryptocurrencies. Now you haven't many choices, you are in fact forced to wait until the prices of these coins increase a bit so you can sell them without losing, but it will take time most likely.

It is really risky if you are entering in trading that don't have knowledge because there's a big possibility that your money will loss. Hold is better than selling but if you are afraid there's a choices and you may cut the loss.

[passivebesiege]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

Yep, you should cut your losses quickly and don't hold those coins that are dying. You shouldn't always hold those coins because you may never know if they are going to go back up again.

Did you know on what kind of coins  the op hold? What if it have a great potential, I'm sure you will regret if it's going pump. All coins are fall and the best thing to do for now is hold your crypto. And it is up to you if you want to cut your losses.

[diedvw96]

I operate with the rule "Buy in red, sell in green" - that's like a guide word for me. Like already stated. You had made the mistake to buy in bearish time. Now it is for you to keep holding if you don't want to sell in loss. If this is good coin you bought, it will get back up in price and you can then sell. Always gain some knowledge before you venture into trading.

[mast3rm1nd]

we are still bearish my dear friend. you bought way too early in my opinion, hold on to your guns though this is going to be a very long trade for you. and you don't need to study TA in my opinion too.

[gamalzour]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

If the price is still in a less promising condition stop in investing including appropriate measures to avoid the occurrence of losses because if a trader still insists on continuing investments it is likely that panic will continue to emerge and make them more difficult to earn profits.

After reading your comment I just make an assumption is that never ever be a part of that panic selling. That is tough time, we can understand when you have put your hard money in the field and prices start losing down. You must be reacting different, that is natural. But don’t let your mind control you and don’t make such dumpy decisions to sell at panic. Rather relax and be patient.

[dadabosade67]

Don't sell, buy more. You will be surprised by the profit you will take in the near future. The whales just want to scare weak hands so don't be a fool

[CryptoCrayze]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

Patience is a virtue, i'd wait coz i cant imagine things not recovering, the price is already extremely low, irrespective of how much lower it falls.
That said, only invest what you're willing to lose in my mind.

Oh and btw, remember, amaetuers panic sell in dips, and the whales are always happy to prey on your fear.

[dungthuy]

if you don't loss to much,you can cutloss and wait the market is better you can buy again,have money-have chance but not have money-no any chance to fix your mistake but now you loss too much,i don;t know but If I as you i will hold all and wait the market recovery again,maybe it need 6month-1 years... but i will wait

[lolehiM92]

Are you a trader? If you are a trader, then we are the ones who want the value of bitcoin to be as we expect it to be. You can talk about crypto questions hello traders nice to meet you.

[Visbay]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

If the price is still in a less promising condition stop in investing including appropriate measures to avoid the occurrence of losses because if a trader still insists on continuing investments it is likely that panic will continue to emerge and make them more difficult to earn profits.

No trader is silly enough to sell right now, price now a day is not sold worthy so people are holding they are not going to sell at any cost, I think we should also help people to understand the holding benefits specially to the traders as this way they will be able to earn more profit than any other investment, panic selling can cause a lot of problems for us, to have high rise in price.

[nl247]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

You already said you have long working hours, and that simply shows to be able to cut any loss, you will need proper monitoring of the market and that could work only if you have an app where you can set an alarm to know when you should be getting out, but without technical analysis knowledge, how on earth do you want to know exactly where you should be stopping loss? Best in your case is to wait for the dip, buy and hold irrespective.

However, if you really want to go the normal trading way, I feel you are doing it wrongly by catching falling knives, and if you can find a little time to at least wait for the dip or know how to use some indicators to detect accumulation period with divergence, for long term, it would really be of help. Otherwise, take note of support and try to always wait for a retest and price action before making any move.

[sisjow]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

will be better just hold it, at least until the market going up again. actually, if you sell them it will just make you lose you money.

[Ridwan Fauzi]

There is no other way than hold, if you do not want to lose. It does not depend on what coin you have, all cryptocurrency products are experiencing a drastic decline recently. Almost all altcoin and bitcoin have decreased by a few percent. Cut lost is not the last way to save your money, but patience and belief in cryptocurrency will make you lucky.

[Fatunad]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

Studying technical analysis doesnt really require too much time yet those things are definitely can be found by just simply google search.If you believe on buying on the dip but the price gets deeper then you dont have any choice but to hold up and dont risk to panic sell. Price will eventually recover on a particular time but if you do always mind that thing you are just stressing yourself out.

[billknight]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

My most frequently used method is to buy when the market is starting to rise and when prices fall I will move all of Bitcoin's assets into USDT and wait for prices to rise.

[bitlind]

This is not the worst decision after all, you done it just the easier way. No whole deal is waiting and hoping that the price would go up, while all of us are anticipating the great bull market next year...

[ordeath]

I operate with the rule ""Buy in red, sell in green"" - that's like a guide word for me. Like already stated. You had made the mistake to buy in bearish time. Now it is for you to keep holding if you don't want to sell in loss. If this is good coin you bought, it will get back up in price and you can then sell. Always gain some knowledge before you venture into trading.

That sounds really simple but as for my experience that I had it's not that easy that it seems to be. You need to be really sensitive and flexible in order to cash those green and red moments on the market. Then if you just lose a day it could be significant.

[VitKoyn]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

You shouldn't really always rely your trades on those technical analysis. Buying during bearish market is not a good idea since we don't know when will it hit the support level or what is the support level, so the tendency is if you bought during the bearish market, you will also lose your trade and your money will get stuck and if you will sell then you will not gain anything and lose some of your investment. A good move is to just hold what you have or sell if you think a bear market will happen, then just invest again if the market is starting to recover or if it hits the support level.

[b3llsf1l3s]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

stop to throw away the money you probably invested from your hard work, for now it's better HOLD coin you buy to the most profit level. it is difficult to analyze whether the market will remain bearish or bullish. even if we rely on technical analysis it remains undetectable