What to do when price is dump??

[radjie]

During tough times when seeing your coins in a dump stage we could hold it. Since the market is volatile we cannot predict when it will be at a higher price. Actually numerous advice on what to do when the price is a dump, it is still on your own conclusions will follow. Just balance the situations on what's best on the coin we have.

when market conditions are uncertain when a dump price occurs in crypto, maybe most people prefer to secure their assets by holding them rather than having to throw them away. but many also shift their investment assets to stable types of coins such as Usdt, because they doubt that the increase in crypto or the coins they hold will take a long time to increase in value again.

[BobBct]

It's recommend that you secure your funds. For instance, You can try selling the your shares until the market becomes stable again. Or most people do is they turn this situation around. Even when the market is at it's "dumping" time you can still earn a profit, You can sell the coins for low and buy again for high.

[wozzek23]

Holding until it recovers is the second best thing you could do when the price drops, the best thing you could do is buy even more so that your average would drop down. I have always said that the best way to get into trading is when it is low and when you see the price going down you know that it is the best possible time to buy into it.

Unfortunately there are too many people who see it going down so they sell it before they "lose even more when it drops" but that is definitely wrong, the price is definitely not going to go down even more and make you lose even more if you just wait a bit. Definitely it could drop further in the short term but all drops have a recovery and we should focus on that recovery in the future to be patient about the drop that is happening at that moment.

I hope everyone listens to people here who says holding because that is the only way to make a profit.

[Annamike]

Have learnt to always set a stop loss for every trading coin that am holding and at such avoid inevitable loss. I see most people saying hodl and not panic sell but that should only be applicable when you hold the likes of BTC, ETH, Xlm and other good coins. I will also advise to convert to USDT also