What to do when price is dump??

[Jateng]

Whenever this kind of situation happens it creates so much panic and confusion for traders and holders that's why mostly people like to convert their crypto into stable coins because this is the only option which they find safe and suitable at the moment. I think It's a kind of strategy which can be helpful to grow the crypto portfolio.

In the time like this, many holders will not panic if they are confident with the downtrend. I know that they predict this already, they have sold their coins already and just waiting for the signal to buy. They create their specific plans what will they do and how they will make money in the situation like this. Dump event like this will surely make a right turn to the market, and hoping that everything will be back to it's proper place.

[Ezravdb]

yes if indeed you have prepared it before the decline occurred this is the right time to buy.
The point is you have to prepare capital for circumstances like this.
I only did a little preparation because I didn't have enough capital so I took advantage of the current ups and downs, short term.

When the price is discarded, it can be said that we must be prepared under any circumstances, for example there is spare money to accumulate at the lowest price. But sometimes the financial situation does not support in these circumstances we can only hope that the market situation will recover quickly so that our capital can return.

[suryapro]

I agree with your way. the thing we have to do now is to change the coins we have into fiat currencies. while continuing to look at market conditions and waiting for the right moment for us, whether to decide to buy or hold our fiat currency for a while.

[boltz]

Don't panic , this is the 1st thing you must do when a dump is catching you holding cryptocurrencies. If you don't panic and you hold long term you will be fine and if you have some cash to invest , do it as this prices will not be seeing again as soon as the global economy starts to recover.

Personally, I'm still waiting for Bitcoin to go under 5k$ and then I will start investing...but it's a risk I take without knowing where Bitcoin is heading too.

[pacman7331]

Well we have different strategy you can hold your cryptos or convert stable coin. For me it's better to convert stable coin because we don't know if the market is dumping again because the corona virus still spreading in some countries and the rate of infected of the virus is increasing.

Yes, converting into stable coin would be a great idea before the dump! Right now people are predicting that crypto will have another sudden massive dump, so, it's better to convert cryptocurrency into stable coins, otherwise, people will get panic again and will get huge loss by selling at low price!

[mamesso]

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

For now looking for a safe point is a good solution, but I am more interesting to do a challenge when the price of coins in the market is declining. In my opinion, a fall in the price of coins in the market is an opportunity to make a profit, indeed the market price is very difficult to guess, it could be a few days later the price of coins decreases, or it could even increase again. But rest assured, every decrease there must be an increase.

[Kersh768]

The ideal thing to do whenever the price is low, is to simply invest because that would be a huge advantage especially if there will be an uprise eventually. That is only ideal because not all people do have the money to invest in an instant, or money to put it at risk- for not earning easy profit because it would be a waiting game. In line with the risk, not all people could afford 'losing' money from an investment. The market price of cryptos do moves a lot which makes it a bit risky to the eyes of the new ones.

when price is dump dont sale your coins. just hold and wait for market upward. keep your money in good coins. when virus is finished then market go up and make a good profit deal. stay positive and wait. i do not sell any coins in this situation.

Keeping an eye with your holdings is a must thing to do. Letting go indeed is not the right thing to do. Some people do panic selling because they are afraid of 'losing' more money whenever there is a downward direction for the market prices. They though doing such thing would cut down their losses but it won't be a good solution. Selling is simply losing the opportunity to earn profit in the future.

[ufaiz50]

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?

A little word from me, it would be better to hold. We know that cryptocurrency is almost not financially related, in fact, many say that if there is a global economic crisis then bitcoin will become a place of much interest.

But after this does bitcoin go up ?? bitcoin actually went down. So I think we are in market manipulation, and today bitcoin is starting to improve. The market is often manipulated so just follow the whales to act.

[cytpoway121]

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!

I agree with you, and i think it is a risk on everyones path when its time to convert to usdt or stable coins to secure your funds.
Sometimes, the market dumps after we enter usdt and we get to buy low
and sometimes, the market pumps after we enter usdt and we groan.

The best scenario is to ensure you have a proper research plan that guides your decision.

[Fesatmas]

It is a really smart move. You convert your coins to USDT then you will use it to buy more coins at the bottom.
But the issue now is to ascertain the bottom. Sometimes  When you think it is the bottom, it drops further. But it is a smart move if you can get the bottom right.

But now it seems that coins have started to move upwards and it is not impossible that the USDT is still the best way to be held when the pandemic conditions continue to occur, so I think there is still hope to buy more bitcoin before the real bullrun comes.
Bitcoin is now widely believed to be the best investment because of its love of bitcoin.

[Dr.Osh]

It is a really smart move. You convert your coins to USDT then you will use it to buy more coins at the bottom.
But the issue now is to ascertain the bottom. Sometimes  When you think it is the bottom, it drops further. But it is a smart move if you can get the bottom right.

it was indeed a smart move when he chose the right altcoin. however, if the altcoin he bought had a large potential to go down, that could be a bad idea. however, staying on assets is a good thing. it only happens when the price suddenly drops. but, if you can use it before the price is really dumped, it will be a good step.

[shadowdio]

When the price is dump you should convert your coins into stable coins right away so you will not losing more money. Wait until the price is stabilize then you can buy cheap coins because high chances to increase again.

[Malam90]

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?

Patience is the main weapon to protect dump in the bad situation like at present. In the last few days of dump, i have purchased few coins and hold my coins. Now i am recovering my losses that i purchased before as the new purchase reduced my average cost of buy. I believe panic sellers mainly dump and whales take this circumstances' facilities.

[Emilyearl]

When price of stocks or cryptocurrency dumps, what to do to mitigate our losses is to buy such stock back at its low price and wait for a recovery to sell the bought stocks. Do not rush to sell your holdings as a result of price dump in the market.

[Jateng]

it was indeed a smart move when he chose the right altcoin. however, if the altcoin he bought had a large potential to go down, that could be a bad idea. however, staying on assets is a good thing. it only happens when the price suddenly drops. but, if you can use it before the price is really dumped, it will be a good step.

Not all alt coin after we brought will have huge potential to go down directly. Bitcoin continue to recover as well as alt coins and it's a matter of what alt coin we're going to invest with. Choose the best alt coin as possible. If their expert with the market, I think they can still manage to get profit even in hard time. Securing some assets is a good move, it's allow us to cut our losses for this situation.

[mamesso]

When price of stocks or cryptocurrency dumps, what to do to mitigate our losses is to buy such stock back at its low price and wait for a recovery to sell the bought stocks. Do not rush to sell your holdings as a result of price dump in the market.

Panic sell will increasingly make us lose, when the price of coins falls on the market, we must rack our brains to regain what has been lost in our hands. I really agree with you, repurchasing when prices are downed in the market is a good solution, with notes, we must choose a coin that has good potential, we must choose the top 10 coins in coinmarketcap.

[gaston castano]

yes, maybe people think that and sell coins and then buy again when the price is at its lowest position.
people who sell that drive prices down.and the others are ready to buy in the lowest position.
that a good advice for this situation.

[Smitty Werben Man Jensen]

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 you are a trader, when the market experiences a dump you already know the strategy, yes, that is putting a stop lose, but it's a different story if you are an investor, the investor only sees the price going down and is certain that the coin can make him profit, then he is not worried

[ScamViruS]

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 depends on which coin you purchased. If you buy top coins or strong project coins, then holding is good. If the price is less then buy more. But if you buy any useless shitcoin coins then here is the problem. Such coins can be dump huge . In this case, the sell the coin or use stoploss to avoid major losses.

[doctor877]

The main problem will be how to determine the bottom especially in dip period because it happens serially majorly on a long dip. It's better to watch trend and buy but keep enough Fiat to add to your positions so you can recover and make enough profit.