What to do when price is dump??

[gensol]

Waking up to such price crash this morning is not worth it. What to do in such times is to forget you actually dis invest that's why stop loss some times is the best friend of every trader or investor. Btc lost over 50% value today.

[InwardContour]

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?

Very nice suggestion here, and that is what I did today. I converted everything to USDT at around 7500$ because from the chart, the dump was imminent. I'll buy back when I think it's right, for now I'm still in USDT. I might decide to ride the leveraged tokens for max profit, but not with all my capital, just 10%. Knowing the right time to enter the market after converting to stable coin is important.

[SaidNurs]

I think the attitude I took when that happened was to always be positive and still be grateful because prices only went down rather than lost portfolios. Next I take action to double-check the original plan / strategy, this serves to optimize profits and reduce the risk of losing money. Next I don't think it's against the market because it's very risky.

[Rosilito]

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?

Well, probably a one of the good ideas out there. IMO, if you're confident enough with the market or you do not have anything else to do with your holding then probably your idea might suit you best, on the other hand if you are not the typical type of person which I mention, in which you have bag of responsibilities with the crypto you are holding with, then converting it with stable coins might be the best idea that suits you. Regardless with these ideology, there were some other tips unmentioned here, but for whatever it is, as long as it don't impact you negatively then it could be a smart one, and you could take advantage with the market in this time not just by holding on your assets.

[Blackdeath]

Having a patience to wait and to hold your cryptocurrencies is the best solution while the price of all cryptocurrency is dump because not waiting and selling your cryptocurrencies in a low price will only give you regrets, when the market suddenly increases it's price in the next few months.

[Utoy101]

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 major problem is how to know when the dip will be over, most Atimes when bear sets in like this, the dip always gets deeper. The best thing do is to stay in your position and be hopeful the market picks back some traces as soon as possible or you tether and protect what you're having left. The downtrend is not being peculiar to just crypto market this time around but even other investments options.. I really hope some bull sets in any time soon

[Perfect35]

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?

This might be a good idea, but I do not work that way at all times. Yes, I agree with the fact that you should hold in Stablecoin, but when to get in again is what gives investors more tough time.
In my personal opinion, yes, the market might be ging downtrend, you do not just jump in because it has really gone down. No matter how much havoc has been caused, no matter how much the market has dumped, you should always look for stability.
most times, before any pump or dump, I have noticed that there would have been a stable point. Although it is not the perfect way of knowing when to move in, I have found it to work.

[strunberg]

I think if you are true supporter of the tech and your coin then you should always buy the crashes like happened today this will help support the price but as a result you would have accumulated more coins and your average entry price would also improve so it is a win win for community members.

continuesly buying  when market crashes was very dangerous if suddenly market have no confidence again and crypto market back to the beginning which is all price still in cents. we must wise when using our money to buying coins even it is bitcoin. no one give us guarantee that price will rebound and we get profit.

[zenhu]

Yeah, it will better if we save our asset into stable coin like USDT. We don't know how long this dump will exist. With this situation, we can learn how to not be greedy in the market, we don't know when storm will come to us, better if we use money that we already to lose them.

[swivel1983@gmail.com]

Yes, you should always have some money in Fiat so that you can buy the coins you need at any time. This is a good move, this scheme is followed by many traders.

[lienfaye]

Holding your capital in fiat is a good decision because you dont have to worry for the fluctuation and you can return back if the market is turning better again.

But for me I chose to hold and forget for a while the current happening in the market. Its sad seeing the coins consistently declining but its the reality that we have to face. In time, the virus will pass and the market will recover again.

[Ebukaslim@outlook.com]

I woke up to see a substantial dump in the value of my holdings, the best move is to be patient because one may not have the enabling mindset to make the right decision. It's wise to suspend everything and strategize on how to go about the issue.

[metenjean]

Buy back when bitcoin and altcoin dump because is the best chance and bigger opportunity to get much profit, but if keep waiting for bitcoin growing up you miss chance to get much profit with bitcoin and altcoin.

[joshua123]

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.

Yeah for traders but cutting loss isnt that easy especially if your down with above 60 to 70 percent already. Some are thinking quitting after a huge tragedy here. I know a friend who loss more than 4k USD and still holding. But that loss can make you quit already if it was me. Anyway the better solution is just hold, there is no loss until you sell it.

[JeotQ]

The problem is I don't know how to read crypto chart, I never thought that Bitcoin could go down like this if not I would have kept my stable coin instead of buying back BTC at higher price, I fucked up real big, anyway you don't lose until you sell

[xvids]

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.

[Google+]

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.

indeed some people have differences of opinion when looking at market conditions that are burning like this, there are some new traders who panic when they see the condition of the price many are collapsing but for experienced traders they will use this to be able to buy coins at low prices because it is difficult to be able to find good opportunities like this.

[criket]

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.

indeed some people have differences of opinion when looking at market conditions that are burning like this, there are some new traders who panic when they see the condition of the price many are collapsing but for experienced traders they will use this to be able to buy coins at low prices because it is difficult to be able to find good opportunities like this.

do not rush to buy. the market is still unstable and moving fast enough. the possibility to go down is greater I think it can still happen. I don't think this decline will happen seeing a few months the market looks strong and then collapses at this time.

[Mumbeeptind1963]

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.

[leea-1334]

Very nice suggestion here, and that is what I did today. I converted everything to USDT at around 7500$ because from the chart, the dump was imminent. I'll buy back when I think it's right, for now I'm still in USDT. I might decide to ride the leveraged tokens for max profit, but not with all my capital, just 10%. Knowing the right time to enter the market after converting to stable coin is important.

Well you got lucky,,, lot of people usually make the big moves and then find that the market went directly against them. Also, it could be that everyone thought like you and sold their bitcoin and everything,,, which then cause others to do the same when they saw the orderbooks just pile up with sells. Big calls were made!