Crash in Trading

[Kongxx]

When we sell altcoins on trading, we may sell in many separate orders. When there are large amount of the altcoin, it is really necessary to do so.
Sometimes the price of an altcoin may plumb so rapidly and suddenly crash. Certainly we want to sell off the altcoin to gain profits before the crash.

But then I discover the difficulty that might be faced when selling large amount.

Did anybody lose because you could not sell off all the coins in time before the crash?

Are people really willing to buy from you when the price of the altcoin plumbs so rapidly that people may see the risk of crash and that you fail to sell off your coins and finally have a large amount of stagnant coins in your acc?

[Jawhead999]

It's really common on Altcoin (a bubble, pump and dump).

The altcoin market is unpredictable since the volume transaction aren't high and don't have strong fundamental (which is can be manipulated).

Which exchange do you trade? It would be better if you use stop loss to prevent from huge crash.

[mk4]

That's what the stop-loss function of exchanges are for: as so you can automatically dump your coins when it drops a certain percentage. It's pretty nifty function to use especially when you're going afk.

https://www.investopedia.com/articles/stocks/09/use-stop-loss.asp

[boyptc]

Are people really willing to buy from you when the price of the altcoin plumbs so rapidly that people may see the risk of crash and that you fail to sell off your coins and finally have a large amount of stagnant coins in your acc?

You're in the world of trading and everyone has their own reason why they're buying at the bottom and at the peak. It's not our business if they'll buy before or during or after the crash.

This happens on every trading market, stocks, forex and crypto.

[YOSHIE]

Are people really willing to buy from you when the price of the altcoin plumbs so rapidly that people may see the risk of crash and that you fail to sell off your coins and finally have a large amount of stagnant coins in your acc?

depending on what type of altcoin you sell, if the Altcoin is really needed in the market I think you can easily sell it and with a large capacity before the time of destruction comes.
However, if you have an Altcoin that many people don't like, then it can be said to be a scam, you will have difficulty selling on the exchange/market.
Many cases like you, have Altcoins that are worthless and hard to sell, for example SSC used to be yes, now you have to throw it in the trash.

[Sterbens]

Are people really willing to buy from you when the price of the altcoin plumbs so rapidly that people may see the risk of crash and that you fail to sell off your coins and finally have a large amount of stagnant coins in your acc?

yes I experienced it and until now it's still stored in the portfolio. bought it in the middle of 2020 and at the moment I haven't sold it because the price has dropped.
never mind, this is a lesson that in altcoin that is the risk that I am ready to bear.
If I'm not mistaken in July, this is a picture of my buying position. Even though it had gone up again, but at that time I was not in the market.

[AicecreaME]

When we sell altcoins on trading, we may sell in many separate orders. When there are large amount of the altcoin, it is really necessary to do so.
Sometimes the price of an altcoin may plumb so rapidly and suddenly crash. Certainly we want to sell off the altcoin to gain profits before the crash.

But then I discover the difficulty that might be faced when selling large amount.

Did anybody lose because you could not sell off all the coins in time before the crash?

Are people really willing to buy from you when the price of the altcoin plumbs so rapidly that people may see the risk of crash and that you fail to sell off your coins and finally have a large amount of stagnant coins in your acc?

If you're just purely trading blind, then I guess what you have mentioned was the common thing you do and expect others to do as well to gain friend in FUD, that's why you always lose profits. Buying Altcoins should be plan, do your research first so you'll not lose any profits in the long run. Buying random coins on the market will just eat your capital in pump and dump because most of them has no future.

Buying potential altcoins is a smart move, because technical analysis could be easily applied to tokens that has great price chart and has a potential to run for a long time.

[Kelvinid]

Loss and gain are what we usually experienced here in trading. That makes sense to study the market first or on a coin that you have a plan to invest with. If we are aware of the stop-loss strategy, this will give you the help of not losing a lot. I actually did this more often because I have a job and to leave my trade safe.

But to make to simple, never buy coins when it was at hype especially for altcoins. A closer chance that you will lose after. Make a choice to wait for the market dump or find a coin that potentially grows.

[el kaka22]

I usually do this using the spread and it allows me to keep inside the profitable zone most of the time. If you think it is going to crash, instead of just selling it all on the market price and get out right away, just put some of it inside the spread, between the sellers and buyers, and it will be bought very quickly, because people think spread is the right place to buy, and that way you are neither crashing the price nor you are not waiting too much neither.

If it is a bad altcoin, even at spread people could undermine your price and sell lower, in that case you are already too late and price is going down, in which case you are not doing that well at all. That is at least what I think it means. So I would suggest trying to put between the spread and wait, you will either sell them or you will see if you are too late anyway for the crash.

[hugeblack]

The problem of many altcoins is that they are traded on central or decentralized platforms with low programming, and therefore there are no stop-trading orders.
Some platforms manipulate prices and thus you will not be able to catch or execute correct orders when there is a significant change in the price.
Also, keeping those coins/tokens in wallets is useless.

The best solution is to buy those currencies from popular central platforms, and sell them using the buy and sell order. And remember, not all increases in altcoins are real, especially the lesser known ones

[Thanos01]

That's generally happening in exchanges with low liquidity where you cant sell with the current buy price because the orders in the pair are not enough to fill your sell order and as an example, I will mention yobit exchange.
but in big exchanges like Binance where the volume is so high i think you won't have any problem selling your currency either by market price or by putting an order, just make sure to stay away from pumps and dump currencies because when the coin dump, I believe you won't be fast to sell without a loss.

[stomachgrowls]

When we sell altcoins on trading, we may sell in many separate orders. When there are large amount of the altcoin, it is really necessary to do so.
Sometimes the price of an altcoin may plumb so rapidly and suddenly crash. Certainly we want to sell off the altcoin to gain profits before the crash.

But then I discover the difficulty that might be faced when selling large amount.

Did anybody lose because you could not sell off all the coins in time before the crash?

Are people really willing to buy from you when the price of the altcoin plumbs so rapidly that people may see the risk of crash and that you fail to sell off your coins and finally have a large amount of stagnant coins in your acc?

Youre basically talking into altcoins that you are tending to sell with less orders or volume into a specific price point.You would really be seeing that all of those buy orders wont able to compensate nor equaled on what you are tending to sell.

Therefore, you cant really sell all of those coins in one go but you would need to wait for someone to fill it out unless if you do change it up from time to time.

When you do sell then expect that price will really vary because not all orders will really be that huge to cover it all in one go. Its up to you though if you
would sell to other price or would wait for people to fill it.

[monatana]

that's the point of stop loss in trading, because if you are sleeping but the market is experiencing bearsih you can still save assets for saving usdt

[Coin_trader]

You can use market order if the selling pressure was too strong just what you are describing. You can't place a successful limit order on a rapid sell-off since no one will gonna buy your order. Your best chance is too hit the order available by market maker and other afk trader  using the market order to easily escape the sell-off. It's better to lose some money on market order rather than completely leave your money on a dying asset. Atleast you save some of your asset.

But always take in consideration the liquidity volume of the said coin if its sufficient to fill your bags.

[maydna]

If you can see there is a big demand for buying the altcoin, you can place your order sell for all of your altcoins if you want to sell it at once. That is what I will do if I want to sell all of the amounts, but if I think the price can increase higher, I will split it into a few orders.

Perhaps, you can sell some amount of the coin that you think will give you a chance to get your money back.

For example, you bought the coin 1000 at 0.0000010 btc and you use 0.001 btc. After a few hours, the price jump to 0.0000020 btc, so your profit will be 0.002 btc. But you only sell for 500, and you get your initial money back for 0.001 btc while you still have 500 which you want to sell at the next high price.

And if the price suddenly down to 0.00000070 btc, that will be your profit because you already sell some amount to get your initial money to buy that coin.

People want to buy the coin that down faster because they have expectations to make a profit from the coin, so they will buy the coin at a lower price.

But you can use a stop-loss order to anticipate the crash of the price, so your losses will not too big while you can get your money back although you still lose.

[crazy-pilot]

I came across this several times. This is especially infuriating when you interact with an unfamiliar coin and have not really studied its worthiness.
Falls are so fast that you simply do not have time to react. Therefore, I try to look for coins with a particularly good level of liquidity.

[South Park]

When we sell altcoins on trading, we may sell in many separate orders. When there are large amount of the altcoin, it is really necessary to do so.
Sometimes the price of an altcoin may plumb so rapidly and suddenly crash. Certainly we want to sell off the altcoin to gain profits before the crash.

But then I discover the difficulty that might be faced when selling large amount.

Did anybody lose because you could not sell off all the coins in time before the crash?

Are people really willing to buy from you when the price of the altcoin plumbs so rapidly that people may see the risk of crash and that you fail to sell off your coins and finally have a large amount of stagnant coins in your acc?

This is yet one more of the reasons we can enumerate of why it is a bad idea to trade low market cap altcoins, if you have a large position there getting out of it in time before a crash is almost impossible, and since there is such a small volume believe me you do not need a fortune to be considered a whale and have almost no way to get out, in many of those coins even having just a few hundred dollars can be enough to consider you a whale and most likely you will lose your money at that point.

[LUCKMCFLY]

I think that many at the moment what they want is to sell what they have in Alts to buy Bitcoin, because the price can really go up much more, and nobody wants to miss the movement, they want to have Bitcoin because it is safer, besides that when Bitcoin rises the alts go down for that reason, it may be that in the correction some investors buy alts to diversify.

[BIT-BENDER]

I think that many at the moment what they want is to sell what they have in Alts to buy Bitcoin, because the price can really go up much more, and nobody wants to miss the movement, they want to have Bitcoin because it is safer, besides that when Bitcoin rises the alts go down for that reason, it may be that in the correction some investors buy alts to diversify.

If they think Bitcoin is safer than I don't know, what ever they are holding why just seeing it, at this exciting time, and how much do they have in Alt, I think is not an example of much. Alts-coin like ETH has been hanging side by side in the exciting rise in crypto-currency, well I would be happy for them if they understand and their believe in Bitcoin is genuine, And not hopeful-Lambo dreams alone.

[JooBra]

I think that many at the moment what they want is to sell what they have in Alts to buy Bitcoin, because the price can really go up much more, and nobody wants to miss the movement, they want to have Bitcoin because it is safer, besides that when Bitcoin rises the alts go down for that reason, it may be that in the correction some investors buy alts to diversify.

If they think Bitcoin is safer than I don't know, what ever they are holding why just seeing it, at this exciting time, and how much do they have in Alt, I think is not an example of much. Alts-coin like ETH has been hanging side by side in the exciting rise in crypto-currency, well I would be happy for them if they understand and their believe in Bitcoin is genuine, And not hopeful-Lambo dreams alone.

Bitcoin is more like digital gold at the moment. It will keep the price. Now if you wana be more risky and try to earn x10 or more you will pick some altcoin that you think will do good.