What to do when price is dump??

[ukon]

Each and everyone have their own decision some might buy while the price is low.
Other's would panic and sell their coins and for sure there are some who would just ignore it and keep on holding what they have.
And I am one of those who would just ignore it and wait for it to recover since I don't have enough money to buy some right now even if I want to.

The good thing to do is to wait until its recovering and have patience because theres a time you can encounter a long time o wit before it rise again. Also take that oppotunity to buy some coins if you have extra money when the price is dump because it can give you more profit then sell it when the price is rising. For now since the coins are dumping we should do nothing and keep waiting.

It is better to secure assets to USDT, it is better to wait for the market correction again I think this dump will continue in the next few days so I better wait for a conducive situation, indeed if there is cold money then it is better to buy at a time like this and test your guts how to buy at a low price like this I think this needs to be done because the risk of loss will be small and the price is very low in my opinion.

[ife2020]

The basic solution in times as this for traders is to Hold their/your capital in fiat or stable coin then wait patiently, then you get into the trade after there has been few more rekts or tokens has reached the bottom.


What do you think? Is it a smart move at this time?

To be honest, this present dip situation where all prices got low has taught me that, as an investor planning and waiting to buy the bottom of top crypto currency tokens, you need to have in store lots of tusd or usdt or stable coin to achieve that.

The rate at which to buy bitcoin from local fiat notes increased immensely during this dip, making it hard to buy btc or eth.
Who else noticed such occurrences?

Do you think, holding up stable coins as the proper way to prepare for an investment schedule??

I saw your last post and this that i attached and i have to admit that, you have learned a great deal of knowledge and trade skills in just few hours.

Your top post made mention of hodling your fiats to trade, and then you witness a conversion surge in buying crypto tokens.Then you made a quick switch to stable coins.

To emphasize on your points, the safest way is stable coin, you can send it out of exchange, and send back seamlessly in the equal and right proportion.
As long as its your investment kits, then hodling USDT is the best for investors that love to buy low

[barumbado]

What to do when price is dump?Best thing to do is secure your assets.But personally by my own experience,thats left me with no choice but to hold it and wait patiently until price pump.

[fortunecrypto]

The basic solution in times as this for traders is to Hold their/your capital in fiat or stable coin then wait patiently, then you get into the trade after there has been few more rekts or tokens has reached the bottom.


What do you think? Is it a smart move at this time?

It's a good move while watching the movement of the bottom but don't convert your coins to fiat or you will miss the recovering or correction period it's much better to trade it on stable coin, because that is the main purpose of the those stable coins to so keep our funds in case something unusual happen in the market, but the market always recover it's been proven so many times.

[Sterbens]

At this time, it is advisable to either hold your fiat or convert to USDT... In some other cases, you can hold and wait for the pump season to come. This is not a period to invest in stock market or cryptocurrency market. Tho this whole time will pass, but who knows when? All we can do is wait and be patient for the good season to come back to the cryptocurrency space and stock exchange market.

Of course holding USDT will give you a sense of security at this time but it is certainly difficult for you to stay calm as a lot of coins are cheap. However, today the price of Bitcoin has dropped to $3800 and there is no guarantee the coin will recover in the next few months.

I think you should currently use only 30% or half of your assets to invest and should wait patiently until the market recovers.

When did bitcoin go down to $ 3800? as I know bitcoin has only reached $ 5100 the base price and now has gone up a little $ 5600 with a 7% decrease I think it will be hard to grow back to see something like this, still far from the $ 10,000 figure in the near future.

It's better to be safe first than to invest in a few coins because it's decreasing I'm still vulnerable to going down even deeper.

[fuer44]

apparently this situation still persisted, I also think that the significant increase that had occurred in February was a good start for a bull run, but instead returned to the dump. and this is the worst this year where bitcoin is under $ 8,000 and etherum is under $ 150. I don't think it's a good step for investment right now, and I always refer to the charts and this trend is the influence on the corona virus that makes people panic. maybe if you buy now, the increase will also be long because the presentation between buying and selling will definitely sell more.

[vermigerous]

Definitely it's necessary to trade your assets into fiat at the times of this market situation where cryptocurrencies continues to drop prices. As for some investors, they also want this current market because they can buy some more of the coins for a low cost to use it for future investments.

[alexsandria]

Basically you already know what to do when the price is dumping and the right thing to do is to just hold and have a long patience in order to survive on this current situation of the market this probably the first roller coaster of the investors that if first time are here in cryptocurrency but for us who are more than a years spending here in cryptocurrency already know that what to do in terms of this kind of situation and which it is just hold and have a patience in order to not suffer a huge loss from the future.

[mu_enrico]

If your only solution is to hodling in this situation, then you are doing it wrong. When the price dump, it is a buying opportunity for investors who have spare cash. Remember that cash is king (in finance). It means that you will miss investment opportunities if you don't have enough cash.

That said, when BTC ever touch 3-4K level, smart investors will be ready to buy from dumb investors.

[safem]

I am of the opinion that when the price dump in the market, it is a good time to invest in coins. Although to so many people, it may not be a good time particularly to traders but for investors, it is a great opportunity to invest. We should try and look away from the demerits that the dip in market price might have brought and look into the advantages that can be derived from it. So many coins with valuable rate which initially may not be affordable by investors could now be accessed at cheaper price. Coins that are being purchased cheaply at this period of dump can be held for as long as possible until the market price appreciates again.

[tabas]

What to do when price is dump?Best thing to do is secure your assets.But personally by my own experience,thats left me with no choice but to hold it and wait patiently until price pump.

How to secure then? what kind of security you are telling the people? keeping to a hardware wallet or securing by not losing through converting into stable coins?
I don't find it as a choice for me. Holding is the greatest option so far.

[vvu351]

What to do when price is dump?Best thing to do is secure your assets.But personally by my own experience,thats left me with no choice but to hold it and wait patiently until price pump.

How to secure then? what kind of security you are telling the people? keeping to a hardware wallet or securing by not losing through converting into stable coins?
I don't find it as a choice for me. Holding is the greatest option so far.

I think that we should understand how psychology has a positive effect on trade. Now there is a very strong panic in the cryptocurrency market. I think everything is just beginning the fun.

[Mianae]

What to do is wait for a trend reversal to ensure the dump is over. If you hold coins before the dump do not panic sell hold for good sell point. If you haven't bought any token yet, by after the market dumps.

[tabas]

What to do when price is dump?Best thing to do is secure your assets.But personally by my own experience,thats left me with no choice but to hold it and wait patiently until price pump.

How to secure then? what kind of security you are telling the people? keeping to a hardware wallet or securing by not losing through converting into stable coins?
I don't find it as a choice for me. Holding is the greatest option so far.

I think that we should understand how psychology has a positive effect on trade. Now there is a very strong panic in the cryptocurrency market. I think everything is just beginning the fun.

Fun to those that see this time as buying time and optimistic about the situation. But in general, all the markets are panicking and many sources of living are affected heavily.
No need to put pressure on myself, I'm holding.

[boltz]

I would say not panic but we all know this and yet no one act like it. For now it would be wise just to watch the markets and see what is coming next as this small bounce back in price won't last longer in my opinion.

All you can do is have patience and don't get panic.

[minairia3]

The basic solution in times as this for traders is to Hold their/your capital in fiat or stable coin then wait patiently, then you get into the trade after there has been few more rekts or tokens has reached the bottom.


What do you think? Is it a smart move at this time?

If your funds is on btc eth or any major coins, I suggest you wait for a little bit and hold it. There is no benefit you will have when you sell, cause no one will be happy selling at a loss. Most of the users got rekt due to selling and fear to lose value of their asset and thats where some whales earning a lot from us. While you are suffering Im sure they are now smiling for the very cheap btc or altcoins they purchase. They will drive it to peak again soon and you will be enticed again to buy when everything is increasing.

[Reid]

Rest. Accumulate more while resting.

You cannot do anything about it. You will just lose more when you force everything at your own will.
There are times when you just need to sit down and look at the market.
If you see there is no profit to make then calm down and think about the next move when the market have a good flow again.

More errors are being done by those who want profit even with the bad market.

[Iyanu14]

Extra patience is just needed at this time around. You can hold what you have especially stable coins or invest more in good coins.  I was blaming myself that why didn't I buy a few ETH or btc when they were $97 and $3000 and sell when they reach $290 and $10000 respectively recently. To me, I'm not panic at all, volatility is one of the strong attributes of crypto market. It's going to pick up again. I just see this time as an opportunity to invest more in stable coins. Everything is all about risk.

[kaneki007]

I think that is one of the right steps for traders, but if you have lost a lot of money it might be better to hold it until the market starts to improve again. It is unfortunate if someone buys btc when the price is still 8k and yesterday the dump price is up to 40% convert to fiat or stable coin. And if have spare money, it's better to be safe first until everything gets better.

[trauchot]

As soon as the cryptocurrency begins to fall, you urgently need to convert all your cryptocurrencies to USDT and wait till that time when the cryptocurrency will start to grow again and convert USDT to cryptocurrencies again, you can also invest in cryptocurrencies again when the market falls, but here everyone decides whether to do it.