What to do when price is dump??

[Ifemini]

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?

[Furious 7]

At times like this I think it's better to secure your assets or convert to a more stable USDT compared to holding it in crypto form because it's still hard to guess, just look at the market decline so badly that even to buy we have to do more research for fear of decline deeper

[Mulann2]

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?

The smartest thing to do at this time is to hold your money in stable coin or fiat i.e if you are able to detect that the market will go low and sell to usdt or any stable coin to buy back below, otherwise, just hold and wait for market to recover, it is often said that you only loss when you sell, if you don't sell you haven't loss anything,
for me convert to stable coin is best option because it will give me the opportunity to quickly buy back, imagine bnb and many other good coin price is very low and affordable now.

[Yogee]

That is easier said than done.

It's also possible that by the time you converted your asset into fiat or stable coin, the price suddenly bounced and you are left with the option of either buying back at a higher price or wait for another dump.

Another scenario is that you bought back thinking it already reached the bottom, but the price fell even more a few hours later.

[samcrypto]

Wait for the price to dump more and be ready for the possible dip price, this is not end yet and we should remain calm and stay positive. I don’t sell and trade for now because its very volatile and no buyers yet. The virus is soon to end, the market should retrace from that time, stay patience and never to panic selling.

[passwordnow]

It might work for you but I'll just hold if it's bitcoin and will add more of it as much as I can. It's the best and perfect time to add more pile on your stash because we're bleeding. The famous quotation from Warren Buffett shall be applied in these times because we're all experiencing it and on his perspective although he's a known bitcoin basher but applying his thought, this is a perfect opportunity to start buying.

[Wintersoldier]

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?

The best thing to do when the price of cryptocurrency is dump is to hold until the bear market stops or until all of your cryptos have increased it's price, so that you would not have any regrets when you are about to sell all of your cryptocurrencies. Selling all of your cryptocurrencies is not a solution today because you could lose a lot money if the market suddenly goes up.

[rdluffy]

In my position I only have to hold, because I lost the moment when cryptos starts to fall, so it's a dumb thing to do if I sell now
If you sold at the right time, congrutulations, you just have to wait for some signal of uptrend to buy again

I think most of us are stuck now, only holding, there´s no reason to sell now and I can´t believe people are selling now

[20kevin20]

At times like this I think it's better to secure your assets or convert to a more stable USDT compared to holding it in crypto form because it's still hard to guess, just look at the market decline so badly that even to buy we have to do more research for fear of decline deeper

What if tomorrow everyone decides cryptocurrencies are safe haven assets and will pump all their money in them? There's always a possibility. All my alts -> USDT moves turned out to be a very bad decision during hard times.

I still go for the idea that this is a time to sit back and relax. Just look at the path the market takes. This is a period in which today we have a 25% dump and tomorrow we might witness a 50% pump. Taking decisions right now may turn into regret soon enough. Unless you have critical information and have an advantage over the other traders, this is a bad move..

But comparing what's going on in the crypto world with what's going on with the stocks is pointless. So is thinking that any critical information you have will make you take good choices in the cryptocurrency markets. The crypto market is too unpredictable.

[Akiko]

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?

smart move however you need to know there are still bottom or this is the last botton if you failed to calculate anything instead of buying you will stock on that price and will hard for you to buy back again.
The better things to do is sell it before the dump happen not when its already started.

[bonyaserg]

Yes, the situation on the cryptocurrency market is not very comforting. And now everyone is starting to panic. But in this situation, I act as follows. I carry out a thorough analysis of the market and become in a position of expectation as sooner or later the market will go up and then everything will continue. And all holders of large coins will receive their profit.

[Ridwan Fauzi]

Depend on someone's situation, I mean at this time you will choose to hold because you choose the safe (although not guaranteed) way and you don't want to take more risk or it means you have bought bitcoin at the high price with the current price.

But for those who knows (base on their prediction) that the price will fall then I think when they sold their coins it will be fine, maybe they will buy back when the price is low so they will have more chance to gain profit.

When you are investing you should know and take the opportunity as much as possible. And the opportunity will come when you know the price movement and some strategy related to it. There is stable coin which can use as a safe place to store your asset when the crash come so you don't need to store your money into money fiat directly.

[casperBGD]

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?

at moments like this, if you miss the opportunity to sell at the beginning of the fall, then it is a smartest move to buy more when the price is falling down, but wait a bit for a market to calm down, or buy several time to have better average, since this is shake-out and will not be permanent
of course, this is not a financial advise and prior to decision, you should make your own analysis

[2tang]

right, be patient and keep holding your coins until the price goes back up.  I myself still hold BTC because I bought it at a cheap price a few minutes ago. If you buy at high prices continue to hold back until your capital returns, I hope traders do not panic in situations like this.

[shinratensei_]

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 i was getting a loss and in this situation, i late to short the market and the only best thing that i can do just try to hodl my token in my wallet. Honestly, i have already prepared by converted a lot of my portfolios into the USDT and i have taken the correct decision in the past. If you were too late converting your token into the stable coin and you would not do that and that will only bring you to the lost.
Hodl is the best thing to do when you are too late dumping your token for the fiat token

[bgaf]

At times like this I think it's better to secure your assets or convert to a more stable USDT compared to holding it in crypto form because it's still hard to guess, just look at the market decline so badly that even to buy we have to do more research for fear of decline deeper

Even at huge loss? I am not sure and even I can bet it all for a loss. This will be a huge and regretting mistake once we convert our asset like that. Im not optimistic but I think I can wait until the situation goes lightly. Of course you cant easily turn down your asset like that. Im already beyond a tragic loss and minimizing it thru cashing out is not one of my choice. Yes market can be harsh but I still believe it will be okay. I will hold and relax for now.

[Pffrt]

It depends on which token/coin you are talking about. For example, if you are talking about coin like ETH, I would say hold and buy more when price goes dip. On the other hand, if you are talking about some shitcoins out there, I would suggest get rid of that. In such an bearish economy, it's possible to project get disappeared and you will be left 0 balance.

[Asuspawer09]

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?

More of an option, when the market is dumped the only option is to hold your cryptocurrency since it is going to be a big loss if you are going to sell your holding if you buy that cryptocurrency at a higher price than when the market is at the dump. My suggestion is to invest more when the market is dumped but I think this could only work in bitcoin or other popular altcoins in the market like Ethereum, XRP, Bitcoin Cash, etc. because somehow they have volatility in the market can recover market price easily as time passes, comparing it to the other altcoins in the market which could go dump for eternity or simply just a dead coin.

[Yudhisthir]

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?

But when you keep holding your coin expecting a bounce in the price and the price goes on decreasing furthermore, you would have no options left.
I bought bitcoins at 8.5K, didn't sold them when they reached over 10K and now they are down to 6K. What use would be to sell them for stable now.
I'd rather love to see them get a value of zero than selling them for a loss.

[Ifemini]

right, be patient and keep holding your coins until the price goes back up.  I myself still hold BTC because I bought it at a cheap price a few minutes ago. If you buy at high prices continue to hold back until your capital returns, I hope traders do not panic in situations like this.

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?

But when you keep holding your coin expecting a bounce in the price and the price goes on decreasing furthermore, you would have no options left.
I bought bitcoins at 8.5K, didn't sold them when they reached over 10K and now they are down to 6K. What use would be to sell them for stable now.
I'd rather love to see them get a value of zero than selling them for a loss.

You have got a beautiful investment skill
But do you know that if you had sold bitcoin at 10k and bought back now
You would be 50% richer??

One of the core attributes of trader is knowing when to back off a trade and when to get in