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Author Topic: Should I stop trading in this bear market?  (Read 1128 times)
harizen
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August 17, 2018, 08:51:36 PM
 #41

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?

If you think you can't handle the current market trend then better refrain from doing trades for now and hodl what you currently have. Besides BTC and ETH are worth to put a shot on hold no matter how risky it is. Continuing will just lead you into more losses because you are out of strategy due to being worried and can't think properly what things to be done.

There are lots of traders who are still in action even with the trend like this today because they know what they are doing. If your purpose is to hold for long then disregard the price but instead add some quantities on your stash. If no more ammos then patiently wait. Again, if you can't handle the pressure, sit back and relax for now while waiting for your expected target price.

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August 17, 2018, 09:03:14 PM
 #42

You should momentarily stop trading because market prices are not going well. It will only give you more losses. You can take advantage of this current downtrend by buying more promising coins and hold on to it for a longer time until it gains profit before selling it.
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August 17, 2018, 09:51:44 PM
 #43

I think this is the market situation where you have a great chance to maximize your profits by the strategy which you buy good coins from current market and almost all these coins you can buy at the good price and when market get stable and put your investment in to profits than you have a good amount where you can pick and get good money back into your money accounts,

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August 17, 2018, 10:06:41 PM
 #44

There are several options. For myself, I see only two.
1. Continue to trade. But it will require a lot of strength and nerves. Trade in the current situation is difficult. If there is an opportunity to sell coins with a small profit, then you need to sell them and buy  bitcoin and ether (or immediately transfer coins to bitcoin and ether) and leave them in hold.
2. Stop trading at all. Let all the coins remain in the hold. While the market is recovering, you can do something else. For example, devote time to self-development and training in trade or just to relax.


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August 17, 2018, 10:10:59 PM
 #45

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 may find that trading in bear markets is very difficult and risky, you may find that in recent months bitcoin and altcoin prices have been falling sharply, despite a slight recovery but only one thing. A slight reduction in bitcoin prices may also result in a dramatic drop in altcoin prices. So I believe you should only invest in the short term at this point.

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August 17, 2018, 11:42:54 PM
 #46

If you think you can't handle the current market trend then better refrain from doing trades for now and hodl what you currently have. Besides BTC and ETH are worth to put a shot on hold no matter how risky it is. Continuing will just lead you into more losses because you are out of strategy due to being worried and can't think properly what things to be done.

There are lots of traders who are still in action even with the trend like this today because they know what they are doing. If your purpose is to hold for long then disregard the price but instead add some quantities on your stash. If no more ammos then patiently wait. Again, if you can't handle the pressure, sit back and relax for now while waiting for your expected target price.

The crypto exchange markets looks nice today. Almost all the altcoins are green and their prices are growing +20%. It seems the bulls have come and the bears have gone. Some of the top altcoins soared up even to +35%. I think that there is no need to stop trading in the bear market and sit back and relax without any activity. Make your bid/ask orders even if all the prices are red. The negative trend can change any time, thus you can buy the crypto currencies for a cheap price. Try to catch the wave and buy the dip.

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August 17, 2018, 11:43:35 PM
 #47

I'd go for a stop for now.

There is no direction to where it is going.
You might become a holder instead, waiting for that bull market to come.

I still prefer that fluctuation up and down even with just a minimum amount instead of this.
The bloodbath came before and now another came. There will be a lot of loss from hereon if it continous.

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August 18, 2018, 04:17:18 AM
 #48

First it depend on the type of trader you are and what your objectives are. With a good trading psychology, you can make money trading in this bear market. Secondly, you can trade crypto pairs in forex and in that case you don't have to worry about bullish or bearish markets but will only be on the look out for the direction and you can make money either ways.
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August 18, 2018, 04:27:43 AM
 #49

There has nothing to do anything if you are in lose mode. There is no choice without holding. So we should hold it up to recover the total cap. Yes, there have one opportunity that if you have good money then you can rebuy some good coin like as wan, eos, neo, and also btc, eth. Now it's your personal matter what you will do.

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August 18, 2018, 04:33:53 AM
 #50

There has nothing to do anything if you are in lose mode. There is no choice without holding. So we should hold it up to recover the total cap. Yes, there have one opportunity that if you have good money then you can rebuy some good coin like as wan, eos, neo, and also btc, eth. Now it's your personal matter what you will do.
We do have those opportunities if we can filter those project that still moving good even in this down market, if we already have some coins where we are still at loss don't sell it out but continue to hold, if you still got spare money or you are still willing to take the risk,buy those coins that can generate extra profits while holding coins like NEO for generating gas and some like project so holding even in a long term process will give some extra assets.

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August 18, 2018, 04:49:53 AM
 #51

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?

It seems like you are a newbie when it comes to trading. A real trader is very happy everytime the market is bearish. It is an opportunity for us to get the coins on a cheaper price which can give us higher profit in the future. You need to play the market. You can hold your coins or choose to do day trading.


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August 18, 2018, 05:40:16 AM
 #52

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 you should not continue to deliver when the bear market. You can see that bear market is very risky when trading, bitcoin prices are constantly adjusting and still in a strong downtrend despite a slight recovery, altcoin prices are down sharply. So I believe it is very difficult to make a profit at this time.

Exactly, along with the Bitcoin price, we cannot able to make profits because Bitcoin price is kept adjusting which we cannot able to predict the prices of altcoin movement. Sometime this will make us loose the value by buying them at the higher value.

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August 18, 2018, 05:41:07 AM
 #53

The main aim about trading is to make profit, if you can't make profit then don't trade at all, what for you sacrifice your time and your energy to search news and reading chart but still lose money, in this bear market the most suitable action is to buy and hold potential coin

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August 18, 2018, 06:16:16 AM
 #54

The main aim about trading is to make profit, if you can't make profit then don't trade at all, what for you sacrifice your time and your energy to search news and reading chart but still lose money, in this bear market the most suitable action is to buy and hold potential coin

Well, for me this bearish is an opportunity to look for bargain. If I may not profit right now, I see to it that sooner I will gain a profit when market recovers. Also if I get bored in trading, I do some activities that I may enjoy like playing with my pet dog, having a new haircut, go fishing etc. Get a life also  and have a break in trading whenever a market is not favorable and if you feel burn out.

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August 18, 2018, 06:18:51 AM
 #55

There are some good benefits of trading while bear market. But it is so risky and much advisable is just to short trade only. Don't be greedy and always put stop loss. I really admire those traders while bear market.

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August 18, 2018, 06:23:32 AM
 #56

There are trading strategies that apply to any market situation, bearish or bullish.
Arbitrage trading (taking advantage of difference in currency value over different exchanges) can force profit out of any market.
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August 18, 2018, 06:44:50 AM
 #57

During this bearish market, it is actually wise to stop day trading or any kind of short term trading because eventually you will not be able to cope up with the price fall and will end up with huge losses on your back. The best thing to do during bearish trend is to "invest" for long term and maximize your profit. Just chip in some of your investment on bitcoin. Sit back and hold tight while your investment starts to grow along with the recovery of bitcoin price.


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Mr.grin
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August 18, 2018, 07:04:08 AM
 #58

There are trading strategies that apply to any market situation, bearish or bullish.
Arbitrage trading (taking advantage of difference in currency value over different exchanges) can force profit out of any market.
your condition is that you are the only one who understands, so when you feel not good enough to trade, it's better to get out is the best way. but it all depends on what you feel. well, now the price is also down, maybe stopping is not a problem.

supine
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August 18, 2018, 07:05:43 AM
 #59

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?


If you've got the skills and knowledge about trading then there is no reason for you to quite or to give up on what you are doing. However, if you think that the market situation isn't good for you to trade because you might face uncertain losses, then you better stop for a while.

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pobeditelvezde
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August 18, 2018, 07:03:21 PM
 #60

I think you would better to suspend your trading until a new bullish market. It is not just my stance about the current market state. Many of prominent investors suggest newbies to wait until this bearish market will be over. Unfortunately I do not know when market will become bullish again. I watch market quotes every day trying to find something interesting what I can buy. Currently I have been attracted by ethereum it seems for me that ethereum can grow up to 500$ in next couple of months. I have bought ethereum and I hope my investment will be successful 
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