Big Dump

[TinaK]

I started selling. I was confused is it good to exit and buy low later.


My buying price was also good and investment  not much.


I was in a loss of around 300$ almost


It started gaining i stopped. Selling and decided to wait for it to come back. I am in 300$ loss currently  Total  investment  was 689$ all in spots currently.



What do you all say?

The current market is not bleeding so you never loss your money on next target, But if you have good knowledge you can manage all the issues. The current situation if you panic to stop your investment you loose more money in crypto platform. Because this week many coins are growing well in the market so fix the schedule and plan the target is important in trading.

[1714678283]

1714678283

[SirLancelot]

I started selling. I was confused is it good to exit and buy low later.

My buying price was also good and investment  not much.

I was in a loss of around 300$ almost

It started gaining i stopped. Selling and decided to wait for it to come back. I am in 300$ loss currently  Total  investment  was 689$ all in spots currently.

I believe that if you wait for a big fall and buy later, you will probably make a good amount of profit. Of course it is a long wait, and it is going to cause you to not be in profit too much for a long time, but when you do that and you wait for a long time, you are going to end up with a good profit years later.

Of course it is not a great situation to be in, nobody would want that, everyone would want to be in profit right away and not wait for years, but that is the best way to profit I know.

Price is at 50k+? Just wait for it to drop under 30k, even 20k if it goes there, and buy it there, and wait for few years, and it will be 100k+ eventually, that would turn your 700 bucks into 2k+ dollars for sure. Now of course there are riskier and better things but it is not really that common and I do not think that you should take risks when you do not have too much money.

[stomachgrowls]

I started selling. I was confused is it good to exit and buy low later.
My buying price was also good and investment  not much.
I was in a loss of around 300$ almost
It started gaining i stopped. Selling and decided to wait for it to come back. I am in 300$ loss currently  Total  investment  was 689$ all in spots currently.
What do you all say?

It doesnt matter on when you would exit and when you would buy as long you do able to see some progress towards your trades then keep going and just continue.

Even if you are still at lost and as you mentioned you are started to gain then that already countes.Losing is inevitable thats why you should really be wise and careful towards your actions.

Dont try to chase your losing trades but rather be careful on when you would buy when bitcoins price tends to correct or have some decrease.Yes, its hard but its manageable.

You arent the only ones having a problem in dealing volatility,We are all on the same foot when it comes to that manner.

[agustina2]

It started gaining i stopped. Selling and decided to wait for it to come back. I am in 300$ loss currently  Total  investment  was 689$ all in spots currently.

What do you all say?

I don't see anything wrong with your plan, win or lose.

No one knows if it will be a success. Just focus on your strategy on that plan and try to make some adjustments if needed.

I like your trading behavior since you are testing strategies by yourself compare to copying to others. You will be used to doing that until you can now face any scenario or a certain trend.

[teosanru]

I started selling. I was confused is it good to exit and buy low later.


My buying price was also good and investment  not much.


I was in a loss of around 300$ almost


It started gaining i stopped. Selling and decided to wait for it to come back. I am in 300$ loss currently  Total  investment  was 689$ all in spots currently.



What do you all say?

So another person caught in the FUD. I have seen this back in 2018 too. People who made fortunes during the bull run eventually lost of all of it when it ended. There were two sets of people one who believed that bitcoin can never go down even if it does it will come back stronger, even though these people were right they couldn't hold their holdings until bitcoin came back stronger and ended at a realized loss. Others were the ones who thought that every correction is a crash. They brought at 12K and the moment btc went to 11K they would sell everything thinking market has crashed and the moment they would sell market would correct itself and move to 13k and then they would regret not buying in time and buy IN FOMO and then this cycle keeps on repeating.

Advise to you: Learn technical analysis ASAP or just throw your money in and forget that you even know what a bitcoin is come back in 2024 and you will find your money 10-20x at least.

[JooBra]

People need to learn that correction in price is a good thing in market. If the prices would have gone only up then it would be really bad in long run. With those corrections we are making side movements and new support for coins.

[ReiMomo]

If OP invested in bitcoin, I dont see a reason that OP loss almost 300$, Op will I guess invested in the pump and dump altcoin like DOGECOIN and XRP.

However, this is a part of a trading journey, there will be a loss or if you got lucky you will be gained. Those traders who will; surrender in the middle of the battle, will most likely a loser forever, once you have sold all your coins at a losing point, it means you accept your loss. This is not a smart decision as a trader, this is the dumbest decision. Think it over and over before making such a decision.

Well, good luck to you and I hope with all comments above you will I guess enlighten most.

[Sebas.tian]

I started selling. I was confused is it good to exit and buy low later.


My buying price was also good and investment  not much.


I was in a loss of around 300$ almost


It started gaining i stopped. Selling and decided to wait for it to come back. I am in 300$ loss currently  Total  investment  was 689$ all in spots currently.



What do you all say?

It is not over yet because the market can still change at anytime, for such investor to realize that the price of bitcoin is unpredictable. According to some researcher bitcoin price is about to pump as never before because many customers are waiting for the price to dump before they can buy. Never give up to the stage you are now because bitcoin price is about to increase to 50$ to enable many customers to make a good profit from their business.

[goinmerry]

I started selling. I was confused is it good to exit and buy low later.

Don't be confused as you already did some selling.

Go on your next plan without hesitation if you think you are on a good track.

We are really coming to the point that we need to do some tests and trials for us to see if it will be successful. You are not new in trading I guess so I know you can handle it properly.

[Congyang]

do not panic sell to sell brother, a 5% decline btc is now just a correction. You have to look at the market situation in more detail so you can try to understand whether to sell or be patient to wait for the price to rise. because this is not a big dump, but a correction.

[SlimShadyMmp]

I think you bought so many altcoins at the same time Likely maybe you bought 5 or 6 asset and lets say ALPHA is among them that got hacked so -30% there and then the rest dump like 10 or 25% percent Sure you can lose lots by doing that My advice will be buy less asset Maybe just two or one and when there is a pull back You can manage your portfolio but then again we all know that greed wont let you do that Like me we buy all the coins and during the dumps I travel to sorrow land to play witch of Fuck Crypto

[maxreish]

300 usd deficit is kinda huge. Perhaps you did not set up stop loss on your trading so it went down like that. You should learn how tos et it up everytime you trade, since immediate and sudden dump occurs normally in crypto market, you should also do not have to wait if thw technical analysis showed continuous drop then your 680 usd will gonna be liquidated.

You might learn different tools in trading. Not just by simply buying los and selling high buy also readingband learning some tools might help you in a situation like this.

[FanEagle]

300 usd deficit is kinda huge. Perhaps you did not set up stop loss on your trading so it went down like that. You should learn how tos et it up everytime you trade, since immediate and sudden dump occurs normally in crypto market, you should also do not have to wait if thw technical analysis showed continuous drop then your 680 usd will gonna be liquidated.

You might learn different tools in trading. Not just by simply buying los and selling high buy also readingband learning some tools might help you in a situation like this.

It is not really "huge" in crypto world, it could be earned back very easily if you happen to hit right on the head with a few trades and could be made back in a day. He has 690 dollars which means if he makes 50% profit that would make him richer and will be in profit, and making 50% in crypto is not really that crazy and unheard of, especially when you have small amounts and can get into smaller investments.

For example, if you have a million dollars and want to make 50% profit there is a limited amount of coins you can get into because some other coins would be basically pumped and dumped when you buy and sell with a million dollars, their volume is too little. But, when you have only 690 dollars you can get into a lot more coins without disturbing its market and can get out with 50% profit.

[blockman]

do not panic sell to sell brother, a 5% decline btc is now just a correction. You have to look at the market situation in more detail so you can try to understand whether to sell or be patient to wait for the price to rise. because this is not a big dump, but a correction.

I agree. A 5% decrease is becoming the correction that we're expecting to be that low because before when we see a correction, it's too much in the market.
It is unwise to sell at losses. But if someone wants to get out of the bitcoin market, let them be.

[Oceat]

Just like what everyone's talking, do not panic during this time especially when Bitcoin is in a massive bull run right now.
You don't have to dump everything in order to gain more because the market is still in a bullish trend.
Why not sell everytime there's a 5% increase in the market then buy when there's a 10% or more decline in the market?
That's a good way to make some profit if you know how to adjust your stop-loss order.

[businessgirl]

If you lost some of your investment to the coins you invested you must try to other way prevent losing some money.
Dump is normal and it is part of process to rise the value of the coins and I think the coin you buy is not potential because the potential coin are rising the value now so they got a lot of money not losing it because now market is doing great.

Yes i bought some new tokens with remaining investment and hope this will recover my loss.
Now i know that  Dips and upgrades will always affect the market. It calls market meganism or market correction. I will take coin on longer term for less volatility CS Credits for example. They are building a scalable produts. the fastest blockchain

[adzino]

I started selling. I was confused is it good to exit and buy low later.


My buying price was also good and investment  not much.


I was in a loss of around 300$ almost


It started gaining i stopped. Selling and decided to wait for it to come back. I am in 300$ loss currently  Total  investment  was 689$ all in spots currently.



What do you all say?

Why did you sell at the first place when you saw that you will be losing $300? Again, I am bit confused over here. What do you mean by "your buying price was good"? Did you mean you bought it when the price was very low? But then the price started dropping and you sold? If that is the case, then you should have known better. You know that the price is volatile and panic selling won't get you anywhere. Remember, as long as you don't sell, no matter how much the price drops, you don't make any loss.

I would say, if you are "able" to invest, then go ahead. When the price drops, keep holding. As long as you have spare money that you won't need even during you financial "crisis", then go ahead, invest!

[Mpamaegbu]

Might've been shitcoins. Come to think of it, almost every single decent altcoin is just going up(slightly in BTC, mostly in USD) that it would need to take spectacularly bad picks to lose money in this bull market lol. Heck, even the crappiest BSV is up in USD since the past month.

I believe OP was talking about Bitcoin. It's obvious that he panic sold his share when he felt Bitcoin was dumping.

OP, do yourself a great favour — Go and learn the set skills for trading. Just as people learn how to fly planes and become pilots, so also people learn how to trade and become traders. Knowing that won't make you panic at every market correction and call it a dump. Trading isn't gambling. Don't just dabble into it. Be sure it's where you want to be.

[gazilla]

It is hard to say...as even I do see signs of dumping of certain coins, then getting back up for a little bit only to come down some more

[Fatunad]

It is really difficult to give advice to anyone about his coins. Because it is very difficult to predict in which direction the market will go in the coming days. Now if you sell your coins at a loss and if the next day the market is pumped again, then it will be very frustrating.

So I always leave the responsibility on the investor to make his own decision, if you are too hesitant to make a decision then you will not be able to make the right decision.

Yes, it is really hard to suggest on what they should gonna do yet even ourselves do also have a hard time on determining if its already the right time to sell for profits.

We cant really just ignore the possibility that there might be some further increase and as a human being then its just normal for us to have those insights or hunch that

it may go further which would really be resulting into hesitance or making up decision.Correction or price dumps are inevitable thats why we should really be smart.