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Author Topic: Should I stop trading in this bear market?  (Read 3871 times)
feelingfroggy
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September 15, 2018, 01:36:49 PM
 #181

Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?

You need to have the ability to short this market.  The issue now is prices are so low shorting has become very dangerous.  Coins will pump 30% on the slightest uptick in Bitcoin.  I really feel it's better to simply hold and stockpile quality right now.  The time for selling and shorting has passed. 

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trako
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September 15, 2018, 01:41:08 PM
 #182

if you get a good opportunity do not give up trading. but it's a better idea to wait. it is not the right time to make purchases and to take risks.
if you have good investments just wait and see.
Wait for the bitcoin to reach a minimum of $ 7,500.
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September 15, 2018, 03:13:13 PM
 #183

I think it's better if you check the other coins because many coins right now have been raising its price.
Look at this list of gainers https://coinmarketcap.com/gainers-losers/
So, don't focus on a single coin because not all coins are always the same price movement. Since bitcoin is supported and has strong resistance at $6k price that I think it's a good opportunity to buy bitcoin and wait for bitcoin price to rise again to make a profit.
Don't focus to USD-BTC or USD-Altcoin try to multiple gains by BTC/altcoin or Altcoin to BTC to maximize your profit.
This is a very good strategy and I guess everyone must be following the positive market rather than negative one because that one will bring only thoughts which are not worth anything. We can trade in the bear market too. Recently I have read a great article on the forum only where I came to know different mistakes that people do and how that can be overcome with our own techniques and thus make things look better. This article states that in the bear market also you can have the same swing trades as you would in the bull market because in any of those you always get to see little ups and downs.

If everybody quits trading, the market will fall critically. A lot of guys who deal with altcoins and Bitcoin manage to earn the money now. The simply know well the mechanisms of the day trading and use them.

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September 15, 2018, 03:21:34 PM
 #184

the best option is to wait. in your case nothing more to do remains. but you can also change your coins that have made a profit, on those coins that have fallen dramatically.

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September 15, 2018, 03:27:30 PM
 #185

20k can be basically in case you inquire us along with I do think you can create a lot of cash using this sort of portions. You must genuinely entire spend the idea throughout they bitcoin you can create earnings definitely. I do think while using halving inward and purchasing appropriate anyone can create quite a bit involving earnings.
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September 15, 2018, 03:33:27 PM
 #186

If you had a goal to fix the profit, then there would be no question, it seems you have a goal designed for the long term, so you can only wait

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September 15, 2018, 03:43:00 PM
 #187

If you think you lose more than you earn then you can stop and wait at least until the market is more stable but fyi this kind is situation is also fun for trading because if you take advantage of the bounce then it's a good profit with short time frame, you just need to identify the support and resistance zone.

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September 15, 2018, 03:57:10 PM
 #188

The bearish nature of the market does not mean that one should stop trading. The market is a dynamic one and therefore, has the tendency to fall at some points. Even with the bearishness, some skilled trader are still making money off trading. The thing here, is to get your trading strategy right.

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September 15, 2018, 04:22:53 PM
 #189

 I do not expect you to follow the advice but would suggest you wait before you buy, we have not hit the bottom by a long way. I think you will half your capital from now till we actually hit the bottom. Good luck.

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September 15, 2018, 04:33:03 PM
 #190

Yes, it is very good to stay away from the market when the coin price is kept decreasing which we don't know where the coin price will stop. So it is good to stay away from the market because you might lose your value if you sell them for low prices.
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September 15, 2018, 07:41:41 PM
 #191

I had began trading long ago and faced huge losses within the starting of my buying and selling adventure. I failed to what to do and so determined to take a damage from trading. I analysed the market and once I felt i was confident sufficient to start buying and selling again simplest then I started out again. You could take a destroy as nicely until the marketplace conditions emerge as all right otherwise you find the bottom of the market to buy in. I think you are tired and you have to take some rest. 
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September 15, 2018, 08:01:13 PM
 #192

Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?


I believe yes. You better just start buying more but you should stay away from the market. Trading during this kind of situation might just result in uncertain losses so it is better if we'll buy and hold rather than selling.

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September 15, 2018, 11:19:18 PM
 #193

If you think you lose more than you earn then you can stop and wait at least until the market is more stable but fyi this kind is situation is also fun for trading because if you take advantage of the bounce then it's a good profit with short time frame, you just need to identify the support and resistance zone.
You better hold it until it came into bull run.
Though the dumps we have now seems to be unusual as what we have last year which also be the reason why people started to worried and never knew what they'll do next. And it happens that they just sell their coins in low price.

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September 15, 2018, 11:37:19 PM
 #194

It is up to you! If you are making the profit then you will not stop trading, right? And if you keep losing in trade then you have to break for some time! Though The crypto market is now in a bad condition, but traders are making a good profit from the trade! So, the decision is in your hands.

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September 16, 2018, 12:04:23 AM
 #195

I've actually traded before in bear markets and let me tell you, even if you are a bear, you will still have a hard time making money.

Bear markets, especially very long bear markets are never good for the markets. Even trading in 2008 stocks was very difficult for alot of people. Alot of scared money, losing liquidity, margin calls, etc.


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September 16, 2018, 03:22:28 AM
 #196

Make the right decision in this situation, because if you make a wrong decision, you will be able to lose all your assets.
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September 16, 2018, 04:53:38 AM
 #197

If you have no success in short trading then just focus on long term trading.
In this bear market, you will see a cheap price and that would give you the advantage to accumulate as this market will rise again.

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September 17, 2018, 12:11:37 PM
 #198

The problem is we dont know when this bearish trend will end,  more than 8 month crypto market on bearish, and with this long periode should be already any sign this down trend finish and change to bullish. Although in bearish market,  many altcoin was going up in big gainer like 1 to 3 times just a few days. So keep continue to trade with smaller balance is good idea to make some profit.
It depends on your well and the situations you are facing. If you think it is better to quit trading then you should leave this field but if you suspicious about the coming days about the price of bitcoin then you should continue because it is cryptocurrency world and anything is possible in this world. So don’t be panic and be strong to make your decisions about trading.
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September 17, 2018, 12:46:22 PM
 #199

take profit in bull, buy cheap in bear..keep doing that.

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September 17, 2018, 12:51:27 PM
 #200

if you don't have trading skills and if you can't control the patience you have then you should not have to trade when a bear market is happening, but if you still have capital and you can use trading and have courage then you can trade and make the best use of price movements.


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