Dreamace7 (OP)
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August 17, 2018, 07:19:51 AM |
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The market is currently experiencing a heavy downward trend. With currencies touching supports it hasn't gotten to in a long time.
And most investors are left scratching their heads at to how best to make profits.
Here are a few tips which might be helpful ;
- Firstly, the primary goal in situations like this is not maximising profits, but rather PROTECTING YOUR CAPITAL.
- Avoid panic sales. Do not cut your loses, especially when you are holding a solid currency with good long-term potential. Not all currencies would survive this market, the ones that would, will experience a good uptrend in a more favorable market. (As an investor you'd should only have invested in solid projects with long-term potential, if you find yourself hodling shitcoins, maybe you should refer back, and properly educate yourself on the basics of trading)
- Avoid ICOs. With the current market situation, I would keep my investments to a minimum, and only put my money on projects I deem to have ernormous potential. I would instead invest a major percentage of my capital on established currencies, preferably those in the top 50 by market capitalization (as published on coinmarketcap.com)
- Be informed. Information is power in any sphere of life, and in crypto it is doubly important. Always be up to date on who is doing what, when, how and why. Timing is key in making profits, so to avoid missing opportunities, endeavour to get up to the minute updates.
- With the volatility in the market now, as so many factors are influencing the price, you might want to try your hands in day trading or arbitrage trading. It is a viable way of forcing profits out of thearket regardless the current trend. Endeavour to acquire the basic knowledge and skills before trying your hands in it.
GOOD LUCK!
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Godparticles
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August 17, 2018, 07:22:11 AM |
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I think that when the market is going down, if you have already made a profit, you can sell the cryptocurrency in your hands. When their prices are stable, you can spend less money to buy them and wait until the bull market comes.
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lunaelucemauram
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August 17, 2018, 07:28:47 AM |
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I would say that ib a bearish market one should always find ways to maximize ones profits by investing in altcoins that are already been established in the market or if you feel like you can be lucky then go for the new altcoins or ICOs, but if you do not have any additional capital then protecting your current assets is the right thing to do and sometime doing nothing is the best course of action to avoid losing your capital.
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bitcoinpeople1
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August 19, 2018, 09:23:36 PM |
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When the market is down, for some that bought when it was really low, and must have already made some profits, they might want to consider selling off their coins, and gather whatever profits they can from them, or maybe sell a part, just in case. For some others who have maybe not gained anything and maybe bought when the prices were really high, it would be a good time to hodl their coins and maybe even buy more coins at a cheaper rate.
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AndrewBrown
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August 21, 2018, 01:46:59 PM |
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The best way to go about the a bearish market, especially if you are trying to maximize the opportunity that it is, is to buy more coins. A bear in the market means that coins are currently cheaper than they used to be, and it is an opportunity to buy more of your most preferred coins and that coin you have always wanted to buy, but was a little too expensive for you.
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cryptogeek101
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August 21, 2018, 01:54:06 PM |
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The market is currently experiencing a heavy downward trend. With currencies touching supports it hasn't gotten to in a long time.
And most investors are left scratching their heads at to how best to make profits.
Here are a few tips which might be helpful ;
- Firstly, the primary goal in situations like this is not maximising profits, but rather PROTECTING YOUR CAPITAL.
- Avoid panic sales. Do not cut your loses, especially when you are holding a solid currency with good long-term potential. Not all currencies would survive this market, the ones that would, will experience a good uptrend in a more favorable market. (As an investor you'd should only have invested in solid projects with long-term potential, if you find yourself hodling shitcoins, maybe you should refer back, and properly educate yourself on the basics of trading)
- Avoid ICOs. With the current market situation, I would keep my investments to a minimum, and only put my money on projects I deem to have ernormous potential. I would instead invest a major percentage of my capital on established currencies, preferably those in the top 50 by market capitalization (as published on coinmarketcap.com)
- Be informed. Information is power in any sphere of life, and in crypto it is doubly important. Always be up to date on who is doing what, when, how and why. Timing is key in making profits, so to avoid missing opportunities, endeavour to get up to the minute updates.
- With the volatility in the market now, as so many factors are influencing the price, you might want to try your hands in day trading or arbitrage trading. It is a viable way of forcing profits out of thearket regardless the current trend. Endeavour to acquire the basic knowledge and skills before trying your hands in it.
GOOD LUCK!
Thank you very much for this wonderful information about the present bearish market situation, it takes patience and energy to go along with this down trend market period, I strongly believe every thing will soon turn around soon, however take time to carry out a due diligent search to ascertain the validity of any ICO project you are investing in. Thanks
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ityandsyn
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August 21, 2018, 02:22:39 PM |
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The market is currently experiencing a heavy downward trend. With currencies touching supports it hasn't gotten to in a long time.
And most investors are left scratching their heads at to how best to make profits.
Here are a few tips which might be helpful ;
- Firstly, the primary goal in situations like this is not maximising profits, but rather PROTECTING YOUR CAPITAL.
- Avoid panic sales. Do not cut your loses, especially when you are holding a solid currency with good long-term potential. Not all currencies would survive this market, the ones that would, will experience a good uptrend in a more favorable market. (As an investor you'd should only have invested in solid projects with long-term potential, if you find yourself hodling shitcoins, maybe you should refer back, and properly educate yourself on the basics of trading)
- Avoid ICOs. With the current market situation, I would keep my investments to a minimum, and only put my money on projects I deem to have ernormous potential. I would instead invest a major percentage of my capital on established currencies, preferably those in the top 50 by market capitalization (as published on coinmarketcap.com)
- Be informed. Information is power in any sphere of life, and in crypto it is doubly important. Always be up to date on who is doing what, when, how and why. Timing is key in making profits, so to avoid missing opportunities, endeavour to get up to the minute updates.
- With the volatility in the market now, as so many factors are influencing the price, you might want to try your hands in day trading or arbitrage trading. It is a viable way of forcing profits out of thearket regardless the current trend. Endeavour to acquire the basic knowledge and skills before trying your hands in it.
GOOD LUCK!
Well, I will say is just dance to the music, that is means if the price of Bitcoin is down to $6000, then it is the right time to buy but if price of BTC will increase up to $8000 to $9000 then it's time to start selling 40 percent of your investment since you have already gain about 30 to 40 percent of your investment.
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gabmen
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August 21, 2018, 02:34:44 PM |
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Or you can simply stay safe with your current holdings and wait until this market lifts. I think it will require tremendous amount of experience and skill to be efficient in trading during times like these.
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smartcrypto
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August 21, 2018, 02:37:15 PM |
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Don't sell 8/21: too late to sell now. I have been holding most of my coins (only altcoins atm no bitcoins) and I have lost a bit of it. But I feel that at this moment its pointless to sell. I am going to keep holding unless a major news occurs.
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tsaroz
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August 21, 2018, 02:47:07 PM |
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Ongoing ICOs that were pegged to cryptos. eg. 1ETH=xxx tokens would be beneficial to be bought when the prices are lower for ethereum or any base currency as such. If you are quite sure of a falling streak, you can exchange some portion of your coins to USD equivalent like Tether and immediately place a buy order for lower price to make profit.
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hasmukh_rawal
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August 21, 2018, 03:38:50 PM |
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Well its true that we should never do panic sell since it often leads to bigger losses. Although traders are afraid of bearish market it doesn't mean that it always result in losses. Well experienced traders can still make good amount of profits in a bearish trend as they plan their strategy well and execute trades accordingly. It never happens that a price of a coin always keeps falling in a bearish market. There are minor ups with greater downs in the charts in this trend and it is the minor ups that get us good gains. So plan your trades well before carrying it out and never panic sell as the market always recovers.
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matchi2011
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Buy $BGL before it's too late!
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August 21, 2018, 04:13:44 PM |
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Well its true that we should never do panic sell since it often leads to bigger losses. Although traders are afraid of bearish market it doesn't mean that it always result in losses. Well experienced traders can still make good amount of profits in a bearish trend as they plan their strategy well and execute trades accordingly. It never happens that a price of a coin always keeps falling in a bearish market. There are minor ups with greater downs in the charts in this trend and it is the minor ups that get us good gains. So plan your trades well before carrying it out and never panic sell as the market always recovers.
Yes they can, because of experience they able to manage placing their stop and loss to cut the possibility of losing a lot, they just study the market behavior and buy back if they seen potentials or they will try some other coins to recover their loses, previous trend and movements can give us great basis in order to still cope up and survive just don't lose hope and continue learning from each time we deal with our assets.
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IgorShumilo
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August 21, 2018, 05:08:24 PM |
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My best tactic is not doing anything. Why trade in a bear market? It can bring a lot of tears and sorrows. If you are not an experienced trader, then just forget about it. Keep your bitkoins on a cold purse and read books, this will help you to keep your capital. If you really want to trade, then separate 10 percent of your capital and after you lose it, you'll understand that it's better to read books!
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Febo
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August 21, 2018, 06:33:11 PM |
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- Avoid ICOs. With the current market situation, I would keep my investments to a minimum, and only put my money on projects I deem to have ernormous potential. I would instead invest a major percentage of my capital on established currencies, preferably those in the top 50 by market capitalization (as published on coinmarketcap.com)
ICOs are sort of long term investment. They found their project with money they gather thru ICO. Yes it is always a gamble if it will be worth way less then BTC you spend for that ICO. Mostly is that way. But that is just because value of Bitcoin increase that much over longer period of time. What is most important advice is to keep your coins safe.
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bartusv
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August 21, 2018, 11:26:09 PM |
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ICOs could be still good investments even on the bearish market but they need more time to be profitable than on a bullish market.
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Menced1937
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August 22, 2018, 07:38:48 PM |
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This discussion will help the beginners understand what to do. It is right the market is facing bearish but also it is needed for the market stability. Some people will have a chance to buy coins in this market from third parties and feared people.
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malekbaba
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August 22, 2018, 07:45:27 PM |
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There is no assurance of anything in crypto. Tomorrow BTC may go up or go down. Your alts may go up or down, no one can say. I can say in case of mine, I tried many ways to maximize my profit or to minimize the loss. If you are already in loss, do not sell. Just hold and go on a leave. You are not a loser until you quit, I mean you sell. May be you are just in the base of price, may be the price will start to climb up from here, no one knows. But if you are certain about further fall of price and you are already in profit, you may sell to buy back at cheap later. But again no one can see the future.
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promyx
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August 22, 2018, 08:24:38 PM |
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You said right, here's a lot of information and the information will help to change the status of cryptocurrency and crypto market. I hope that those who are investor will reduce their risk by following the informations. Because all the suggestions are very important.
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kabir ullah
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August 22, 2018, 08:49:06 PM |
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I hope that investors can be able to reduce their risk by following the informations. Because all the suggestions you have given are very important. Hope we will success in Cryptocurrency.
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SweetSin
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August 23, 2018, 09:59:12 AM |
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You suggest a lot of important information that will help investors to reduce the risk. Because your suggestions are very important. I hope every investors will follow those suggestion for their betterment and as well as for the betterment of cryptoworld.
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