2girls
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Tontogether | Save Smart & Win Big
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December 30, 2018, 04:44:15 PM |
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As you see, bitcoin's price felt from 6500 to 3700. From the very first day, there was panic and fall was very intense. In situations like this one, how do you act? Do you sell bitcoins, wait a little for more fall and then buy more with same cash? Or so you fully support bitcoin and hold it?
I ask this because want to know what community here does in such situations, do you do good for bitcoin or worsen situation?
Because Rejection is When at that price, people still buying. That touch to 3260 last less than a minute, meaning people were taking profit. No matter what the price, there is always profit for the people to get. |
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budiarmed
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December 30, 2018, 05:10:57 PM |
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What is needed is calm, falling prices are reasonable because crypto itself is not stable. Calm down and be patient, because crypto will recover from its decline.
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jikurpa
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December 31, 2018, 08:11:38 AM |
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before starting an investment we should have understood and understood all the risks that we will get in investing if prices decline I think we will have confidence and patience in investing and we must be smart in utilizing every opportunity we will get in investing
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hawkins
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December 31, 2018, 09:28:02 AM |
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before starting an investment we should have understood and understood all the risks that we will get in investing if prices decline I think we will have confidence and patience in investing and we must be smart in utilizing every opportunity we will get in investing
you are right. besides, we must continue to pay attention to the coins that we have, when the development continues, I don't think it's a problem to hold it back for a long time. however, if you feel no, you might be able to sell it. |
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wuvdoll
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December 31, 2018, 01:56:06 PM |
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I actually didn't know what to do for a long time. Back when price went low in 2014 I was a bit shocked and I wasn't prepared and I had a decent chunk of bitcoin that worth even more right now but when it dropped I didn't actually saw bitcoin as an investment to be honest with you, I saw it like an experiment at the time and I wasn't aware of dropping and bear market and all that so I wasn't really keeping up with what the meta was for those times.
In 2017 my most amazing choice was cashing out as much as I want (still keeping a bit in crypto) because price went mad, so you do not do something when the price falls, you prepare for a fall when the price is high. In order for the price to fall, there needs to be an up first, prepare for the fall when you are high and you won't get hurt that much.
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andrei56
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January 02, 2019, 10:47:31 PM |
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As you see, bitcoin's price felt from 6500 to 3700. From the very first day, there was panic and fall was very intense. In situations like this one, how do you act? Do you sell bitcoins, wait a little for more fall and then buy more with same cash? Or so you fully support bitcoin and hold it?
I ask this because want to know what community here does in such situations, do you do good for bitcoin or worsen situation?
I have held my coins for a long time and I'm not going to sell them just because the price went down even more, the money that I invested in bitcoin is money that I really do not mind losing and if that happens I can accept it but I'm not going to sell my bitcoin for a bad price and then regret that decision for the rest of my life when I see bitcoin skyrocketing again. |
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Shiversnow
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January 03, 2019, 03:33:09 PM |
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waiting for the price to rise again, still the hodl doesn't cut loss. while waiting for that, I searched for some airdrop which could be used as passive income while the market was falling like this.
Doing holding while you do not cut your losses will help you to regain all your losses from falling price. Indeed, you can't call airdrop as a passive income because it takes time to wait to receive the token and sometime the token is not yet listed in exchange. I think try to look for more passive income but I think airdrop is not belong to passive income. |
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Dikarama7
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January 05, 2019, 06:09:12 PM |
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Holding when the market goes down, I will wait for market conditions and if it gets lower then I will buy at a much cheaper price, and in the future I can make a profit.
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congresowoman
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January 07, 2019, 04:48:54 AM |
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In this time, it will beneficial for everyone to set a stop loss so that potential losses and damages may be controlled. It was really intense how bitcoin dive into the $3000ish range in just a couple of months after being hailed as one of the alpha coins with so much growth and stood out at $19000 last quarter of 2017. It is just so nerve wrecking for investors that now bitcoin is at a very low value. What we can do in this is to just pick up where we landed. make the most of the coins that we have and be wise in selling and buying coins.
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el kaka22
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January 07, 2019, 03:52:22 PM |
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Stop loss is definitely the wisest thing anyone can do. Plus, having a buy order ready afterwards could be really beneficial as well. Lets say having a stop loss of $3900 while having a buy order at 4300 would be ideal. The price has been going down to 3600 and less for a while and it keeps going up to $4200 all the time, this means if it drops to $3900 right now than the price could drop as much as $3600 which you can sell at $3900 and rebuy at $3600 later.
Plus if it goes above $4200 to $4300 that means we might be on a bull trend and price could go who knows where and that is why its above the trend. If you set your buy and sell orders at levels that you think are according to the trend of what happened in the past 2 months than it is less risky. Of course, there are still chances you fail and lose but at least this makes it less riskier.
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Akoldi_ibk
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January 07, 2019, 08:43:39 PM |
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Selling when price falls is of no use. The only profitable thing to do when price falls is to buy more if there is capital. In case there is short of funds, just hodl. Trading during the period is okay but must be done wisely.
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n0ne
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January 07, 2019, 09:44:59 PM |
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When there is continuous loss in price I'll try to sell and buy it back at a lower price. Here the risk is high, because the nature of cryptocurrency is unexpected growth. When we have sold to buy at lower price the price pumps. When this happens automatically the user will face a loss. This will not affect the large volume holders, but for small scale holders it is a loss. So, always the best choice is to hold without moving over here and there.
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drachman
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January 08, 2019, 10:54:54 PM |
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I would like to say that I do something really smart that makes make money under those circumstances but that is not the truth, I am not the best trader and I am not going to risk my small amount of bitcoin in something that I am not sure if it is going to benefit me or not so despite the crashes I prefer to hold my bitcoin since I know the price sooner or late will recover.
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Oceat
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January 08, 2019, 11:34:32 PM |
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When the price falls, just simply accumulate as much as you can and wait for the bounce back of the market then sell. That is what traders do if they see an opportunity they grab it. They don't just buy something that is out from the trash they buy something that has a worth while holding it for a couple of months or years.
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3996
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drachman
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January 22, 2019, 09:57:21 PM |
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When the price falls, just simply accumulate as much as you can and wait for the bounce back of the market then sell. That is what traders do if they see an opportunity they grab it. They don't just buy something that is out from the trash they buy something that has a worth while holding it for a couple of months or years.
But for that you need to be confident in your abilities as a trader and for that you need to have accumulated profits over the years which allow you to take those kind of risky decisions but such a tactic is something many cannot do because they lack the confidence, skill and patience to pull off something like that and they need to find some other strategy that gives them those profits. |
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sunanbonang
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January 22, 2019, 11:37:52 PM |
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when the price falls I can only expect prices to recover and try to find out the cause of falling prices, I am very difficult to determine the lowest price, so I don't buy when the price falls.
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Barbut
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January 23, 2019, 08:25:37 AM |
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when the price falls I can only expect prices to recover and try to find out the cause of falling prices, I am very difficult to determine the lowest price, so I don't buy when the price falls.
Its what most of us expect when prices are going down, to recover one day. Main thing is to not panic in this times, and if you have some money to buy more. Diversifying is a good thing, I do that with my investments, but when prices are going down I don`t sell for any other coin, run away in this times are stable coins. Stable coins are safe haven in times of falls and like that I keep my money and I buy again when price goes down more. |
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yugo23
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January 23, 2019, 09:24:25 AM |
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Ok so there are two important things here for me. First one is that the OP reminds you that the sudden crash is finished. As it said it went from 6500 to 3700 and now it stopped moving. We're at 3580 right now and it has nearly no variation. So current price is rather stable at the moment at least. Second one is: where are we in the BTC cycle? Well we're a year and a half from the next halving... And price is stable? Doesn't it look like all the previous cycles? With a tremendeous rise waiting for us? Halving means less inflation, less inflation means more stable price. So... Just wait. Next halving can't come without a huge rise. It's accumulation phase baby  |
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gilangIDR
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January 23, 2019, 09:37:37 AM |
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As you see, bitcoin's price felt from 6500 to 3700. From the very first day, there was panic and fall was very intense. In situations like this one, how do you act? Do you sell bitcoins, wait a little for more fall and then buy more with same cash? Or so you fully support bitcoin and hold it?
I ask this because want to know what community here does in such situations, do you do good for bitcoin or worsen situation?
I will calm down and also wait for the situation to improve. The most important thing is that we must be able to avoid panic, because panic will only make us feel uncomfortable. Trading requires calm, without calm, then we will suffer losses. |
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iv4n
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January 23, 2019, 10:42:16 AM |
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I do simply holding when i come to know that the market is going to down or market fall starts i just simply watch the market and when ever if there is a chance of buying more then i do buy more bitcoin and some potential altcoins but i have never done any decision is quick time i first make a mind set for the new change and outcomes and then i go for that.
Exactly that, buying when price is going down and watching closely that to be on bottom. Touching the bottom is buying periodically, buy some and watch what will happen, if price stops and change direction you will have some profit, if price continue to surge down again waiting for a good chance to buy when price stops is what we should do. It's trading, you need to have some kind of support if you wish to be profitable in the long run. |
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