Best Thing To Do When Cryptocurrencies Price Dumps!

[Rebisco]

I prefer to you to do day trading, but day trading is not easy as you think. There are many dumps that still happening in the market so you need a lot of information before you enter day trading.

[emberbekas]

If all the crypto coins decline like today I would better look at the daily chart to observe, I don't want to be fooled by buying in a hurry but it turns out there is still a deeper decline

Yes, makes some observations and wait for the right time to buy while cheap will be the best and not in hurry to make some buy orders. I have a feeling that the bottom price will be around $2k and if it is reached then I will consider to buy without the need to wait for further decline.

[kidoseagle0312]

Well, in my case when the market is down or get dumps, what I usually did was holding my coins or just applied being a bullish so that I don't have any reason to think about the risk and through this things I can also maximize the possible risk too. Then, try to look other crypto that are cheaper and has a potentials to rise up again in the near future, in short take the chance to buy them then hold.

[AshleyFurious]

When the price dumps, you need to stick to the chosen strategy if you have one. Don't fall in the trap of misbelieving created by people that don't know the history of btc. You can either buy more or try to trade and increase the number of coins at stake.

[carlisle1]

your best choice is to cash out and stay out for as long as the cryptocurrency dumps are going on. specifically if you are in altcoin market because the dumps there are always big and they last a long time.

actually, not all coins in the altcoin market are having a hard time to recover its price back to what level it was and all the time backing out from cryptocurrency after a huge dump is the best option because there's still a chance to recover your loss it is indeed that the cryptocurrency market is very volatile and there's a very high risk and that's stop loss or cut loss is included to my trading plan.

for example buying altcoins now is foolish unless you are buying altcoins that are currently getting pumped in the current market situation.

sometimes buying an altcoin during its pump is also a wrong move because you could be one of those people who will experience the Fear of missing out and it has a high possibility to lose a huge amount of money as most of the time many traders who bought earlier are going to sell during the pump.

[pinky]

Best thing is to compare price charts of cryptocurrencies while all markets are down. Noone can predict the future or outcome but we can act with enthuasism

[Gotumoot]

Let's look at the price moves. When we see that the price falls, we will cut back and wait for the bottom of it. In this way we can buy a lot of tokens and when the price rises it is here that we will have a bigger profit.

[gabmen]

Best thing is to compare price charts of cryptocurrencies while all markets are down. Noone can predict the future or outcome but we can act with enthuasism

What does comparing price charts do anyways? The market moves on it's own and like what's happening now, it's moving quite randomly. I didn't notice a lot of experts predict that the price could go this low especially during the last quarter where we usually finish strong.

[davit putra]

I prefer to be patient for now, for me to hold is the best choice, and I am not in a hurry to buy or sell, because the market today is very difficult to predict.

[nebiki]

When the price dumps, you need to stick to the chosen strategy if you have one. Don't fall in the trap of misbelieving created by people that don't know the history of btc. You can either buy more or try to trade and increase the number of coins at stake.

yes we have to be careful about the advice of others because it could be plunging into things that are harmful, it is better to believe in yourself and with your own plans. I think buying more and holding it back will be much better than the current trade.

[leetcoiner]

Cryptographic forms of money experience a progression of market changes, "with a large portion of the ongoing variances winding up in a sorry situation". In such occasions, individuals do get frightened and befuddled. That is on the grounds that they consider it to be a misfortune. However, for me, I don't see it that way. Rather, I consider it to be an extraordinary open door for MASSIVE speculations with HUGE benefits. How? It's simple! At the point when the estimation of the Cryptocurrency dumps, it makes purchasing considerably more reasonable. With this, I 'Purchase In Bulk', watch the market changes, and clearly, when advertise values hit their pinnacle, I Sell! Making an 'Immense' heap of benefit. what's your take? just my opinion.

Best Reguards

JellaChrist.......

You have that there is a speculation of news regarding the cryptocurrency from people buying it in bulk? It is possible, and moreover, most likely it is. Just imagine what resources owned by people in whose hands revolve such a huge amount of money! This is a great responsibility and great opportunities in regulating the flow of news in one direction or another.

[EXtremeAEX]

Your acts sounds ok for you and for others , but for me while the bitcoin still dumping I cannot determine where the prices area would be ! because everything is churning and cryptic people is panic, so I sold mine tokens and change it USDT and set back watch if there will be a pump soon or not.

If you evaluate your coins, you decided that this is the best solution for you, then I am very happy for you. After all, the main thing is to find what is right for you.
In fact, the OP says that now there is a great opportunity to buy currencies at low prices. If you have to sell your currencies now, in order to buy them at lower prices, then this is your right.

[basyang]

As per my experience its always a lose to sell when market price dumps ,the best thing to do when dumps occurs is to keep cool and wait ,cryptocurrency is like weather seasons ,it will always change,all I can do is keep gathering more coins and tokens till bull arrives

 I also do that thing. I just let it happened to drop the bitcoin price then I keep busy in other things so I can not think that the price is drop and I can not be depressed to over think it. While the price is dropping down still I want to earn more bitcoin because I believe when the price recover and rise again my coins become more profitable and I have to be positive thinker to become successful.

[zoeylee]

I think the best thing is to hold and grab the opportunity to buy while it is in the lowest price and hold for the price will pump it will earn more profit.

[Aramazdi]

When it dumps badly, I will only be interested in market with high liquidity. Otherwise, is just another way to end up in  a more dip when there seems not to a strong support. Currently am just chatting with friends and reading funny crypto news across the globe. As I write, it seems the market may be heading North in the short term.

if the price is chaotic, we better get out first, if we are too brave to take risks because uncontrolled prices make the perpetrators often forget themselves, so it's better to look safe by making more careful observations, indeed buying and selling on the money market must act fast, because crypto currencies are very risky, so extraordinary understanding is needed.

[TheKeyLongThumbI]

Avoid looking at your portfolio. I know that everyone would not admit to others but they know it personally just like me that it hurts to see your assets losing more than 100% right now so it's good for all us traders and investors to shift our attention to something like other stuff. My escape for this crash is stock trading and so far it is doing good.

[Soots]

Avoid looking at your portfolio. I know that everyone would not admit to others but they know it personally just like me that it hurts to see your assets losing more than 100% right now so it's good for all us traders and investors to shift our attention to something like other stuff. My escape for this crash is stock trading and so far it is doing good.

That's one of the factors to consider whenever price fluctuates. On the other hand, I believe it's best if you know how to control your emotions. Staying calm can greatly help you think and decide creatively. Panicking can never help, it can only worsen the situation. Stay focus, be patient, and believe that Bitcoin can potentially recover.

[john_nautica]

the best thing to do is to buy the bitcoin at a low price and this can be the best moment because we can get a low price and can wait when the price is high and sell it

[axxo]

Cryptographic forms of money experience a progression of market changes, "with a large portion of the ongoing variances winding up in a sorry situation". In such occasions, individuals do get frightened and befuddled. That is on the grounds that they consider it to be a misfortune. However, for me, I don't see it that way. Rather, I consider it to be an extraordinary open door for MASSIVE speculations with HUGE benefits. How? It's simple! At the point when the estimation of the Cryptocurrency dumps, it makes purchasing considerably more reasonable. With this, I 'Purchase In Bulk', watch the market changes, and clearly, when advertise values hit their pinnacle, I Sell! Making an 'Immense' heap of benefit. what's your take? just my opinion.

Best Reguards

JellaChrist.......

For me the best thing to do is analyze really the flow of the market and continue to hold the crypto currencies thay has a great potential and sell the ones that has no future in the market. Patience is the main key.

[maksimukr1989]

the best thing to do is to buy the bitcoin at a low price and this can be the best moment because we can get a low price and can wait when the price is high and sell it

Apparently the market recession will last for a very long time. Therefore, if you buy Bitcoin, then with the expectation that it will grow in price not very soon.