Many got REKT :(

[andthereyou]

Who did an exit strategy before the worst dip?

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[JeromeTash]

Fortunately for my I trade futures strictly. Whenever I notice a change in the trend or a slow-down in the uptrend. I switch from trading Inverse perpetual futures contracts to USDT perpetual futures contracts.

So no matter how deep the market goes, my initial margin never gets affected whether I am shorting or not. I also usually use reasonably tight stop losses

[DoublerHunter]

Fortunately for my I trade futures strictly. Whenever I notice a change in the trend or a slow-down in the uptrend. I switch from trading Inverse perpetual futures contracts to USDT perpetual futures contracts.

So no matter how deep the market goes, my initial margin never gets affected whether I am shorting or not. I also usually use reasonably tight stop losses

^ That is a good decision but it is tough to execute because you will never know the market price movement.
Diversification of asset in crypto while the market experiencing a sudden dip is a wise move, in this case, you can buy more when it is too much dumping of the BTC prie or buyback when you think there is a good news pop up and you think BTC price will probably rise again. However, I will never think of having an exit strategy because I can able to hold a much longer time because I know right after this sudden dip there will always opposite reaction and will probably make the price of BTC grew up.

[JeromeTash]

^ That is a good decision but it is tough to execute because you will never know the market price movement.
Diversification of asset in crypto while the market experiencing a sudden dip is a wise move, in this case, you can buy more when it is too much dumping of the BTC prie or buyback when you think there is a good news pop up and you think BTC price will probably rise again. However, I will never think of having an exit strategy because I can able to hold a much longer time because I know right after this sudden dip there will always opposite reaction and will probably make the price of BTC grew up.

The strategy you are talking about is mostly for spot traders. Though trading futures is more risky, Futures traders don't care about the direction of price movement as they can make money in both directions by longing or shorting while for spot you only make money during an uptrend and wait for the dip. Stop loss is always important in all aspects.

Diversification also works much better in spot trading. This is not necessary when trading futures.

[Lanatsa]

^ That is a good decision but it is tough to execute because you will never know the market price movement.
Diversification of asset in crypto while the market experiencing a sudden dip is a wise move, in this case, you can buy more when it is too much dumping of the BTC prie or buyback when you think there is a good news pop up and you think BTC price will probably rise again. However, I will never think of having an exit strategy because I can able to hold a much longer time because I know right after this sudden dip there will always opposite reaction and will probably make the price of BTC grew up.

The strategy you are talking about is mostly for spot traders. Though trading futures is more risky, Futures traders don't care about the direction of price movement as they can make money in both directions by longing or shorting while for spot you only make money during an uptrend and wait for the dip. Stop loss is always important in all aspects.

Diversification also works much better in spot trading. This is not necessary when trading futures.

Its another story if we do talk about futures and its true that you can make out money despite on whats the direction it is taking and this is what I see the advantage but we know on how risky future is
and this isn't something that anyone could possibly deal with even with having some experience, even myself cant able to handle out the risk in this area.

So answering on the question if I do able to pull myself before the crash then I can say yes because of some mix of intuition and guts. Even the technicals been showing some uptrend patterns
but I do still doubted that one.

Plus those ruckuses that happening specially with those tweets and other similar sentiments which do give me those doubts and make out appropriate move.

[boyptc]

Worst?

Not that worst though. As you can see the market is still $1.5B in market capitalization which is still quite high. $500B got out and that's a lot to be considered though.

I don't have any exit plan. I'll keep holding until I see bitcoin reaches the sky.

[janggernaut]

Who did an exit strategy before the worst dip?

https://www.google.com/amp/s/btcmanager.com/crypto-whale-3k-btc-58k-3521-btc-market-dip/amp/%3futm_source=onesignal&utm_medium=push&utm_campaign=push%2525notification

That whale did.

Actually we can predict the dump will gonna happen as since dec'20 until Apr'21, bitcoin price always going up. Then we just need to spare some of our money to BUY more when the crash/dip comes like many days ago when bitcoin at $30,000. Many sure got rekt, but others even laughed because they are waiting for this moment to buy some promising coin with cheaper price

[danherbias07]

Unlucky. It was expected to dip but that was too fast and too deep. Many are affected, that's for sure but many will also recover as you won't even try to sell now. The new focus will be when the next pump will be.
We need some big event or big news that will turn the tides around. Forget about Elon Musk, he won't even try to boost the price thru his tweet anymore and he is also losing followers because of what he did. Merchants should be the next target. If some big company starts spreading news about accepting cryptocurrencies as a payment option then it could pump it back.

[adaseb]

Worst?

Not that worst though. As you can see the market is still $1.5B in market capitalization which is still quite high. $500B got out and that's a lot to be considered though.

I don't have any exit plan. I'll keep holding until I see bitcoin reaches the sky.

There was like $8B or so in liquidations which was about 750,000 different liquidations. So assuming most people only had 1 position, that is almost a million investors which got liquidated. Some maybe didn't have enough margin in their account at the time to refill and for others they probably ended up losing everything.

Then there are those that bought BTC back at $33K earlier when it was rallying and most likely they never took profit because they were expecting at least $100K bitcoin and they set their stop loss at break-even. Or they got scared when they saw $30K and basically got out at break-even because they don't want a repeat of 2017 where it goes from $20K all the way to $3K.

[boyptc]

Worst?

Not that worst though. As you can see the market is still $1.5B in market capitalization which is still quite high. $500B got out and that's a lot to be considered though.

I don't have any exit plan. I'll keep holding until I see bitcoin reaches the sky.

There was like $8B or so in liquidations which was about 750,000 different liquidations. So assuming most people only had 1 position, that is almost a million investors which got liquidated. Some maybe didn't have enough margin in their account at the time to refill and for others they probably ended up losing everything.

Then there are those that bought BTC back at $33K earlier when it was rallying and most likely they never took profit because they were expecting at least $100K bitcoin and they set their stop loss at break-even. Or they got scared when they saw $30K and basically got out at break-even because they don't want a repeat of 2017 where it goes from $20K all the way to $3K.

I have taken a profit earlier than this bull run has peaked and I have thought of the same as theirs.

Just learning the past will really make us do those decisions but to OP as saying this is the worst. I really think that it isn't.

[LordMiguel]

I am yet to learn my lesson. Maybe because i am not a full time trader.i got liquidated of my 4bnb i bought the token at 450. i got affected but i don't think i am affected heavily because most of the coins i hold has been there for long and i planed not to sell even if the market is seen crashing and crashing. rather, i am thinking of getting more.

[xSkylarx]

Many didn't expect the crash few days ago, confident traders didn't set their stop loss even if the liquidation price is far. I don't think many secured their funds with the crash because $2b were liquidated from that based on the news. This should serve as a lesson to all traders especially to those who are doing leverage trading to always set their stop-loss. No matter how good the market is going, if a fud will show one after another this will surely make the market dump hard. I only trade on spot so I should just hodl for now and accumulate more if possible.

[leea-1334]

I do not have an exit strategy that says I should sell this year or even next year. I sell when I need to have money,,, which is every now and then in addition to my salary. I just accumulate and hodl.

This is making people afraid? Good. Leave crypto and let it grow naturally:)

[Wexnident]

Didn't really lose much. I invest in Bitcoin every month for a small amount (manageable with my salary anw), and the recent crash only hits hard with the times I bought when Bitcoin was pretty high. That was what, at most 3,4 monthly investments, didn't really bother leaving since I swore not to touch my wallet unless I'm selling ALL of them. Me panicking back then with short dumps always went back to me quite painfully, so I made a rule just for that. Still in an overall positive though, so I guess that's that.

[Sirait]

Who did an exit strategy before the worst dip?

^ crypto market is falling badly, those who are losing must be quite a lot, I do not use an exit strategy to face this market, hold is the best decision to take in order not to lose in a bear market.

[Ararbermas]

Who did an exit strategy before the worst dip?

Im lucky that i already dump mine before the market getting worse. Because i know that elon can influence again some big investors to decline bitcoin and etc.. Next time we should not fall on this kind of game from that guy.. Its always too good to be true than expecting a good improvement in the market after all the good news especially from him.. See what happen? Lesson learned.

[GreatArkansas]

To be honest, traders who are in leveraged long lately were the most devastated here.
Here is the liquidation on all exchanges for a particular cryptocurrency, but this is much lesser compared to the first dump a few days ago which we able to dump below $30,000 and bounced back above $38,000.

These dumps were really unexpected and I hope those who were lost a lot will be able to make it all back.

[eaLiTy]

Who did an exit strategy before the worst dip?

I did book my profit when the rally was on full swing but i am not planning to take any steps when the market is consolidating as i am looking for the long term and i might get back the coins if the market falls further and that is the advantage you get when you clearly know that the average valuation of the coins i hold is impossible to reach .

So no matter how deep the market goes, my initial margin never gets affected whether I am shorting or not. I also usually use reasonably tight stop losses

What is the percentage you use to calculate when using stop loss, i am curious because in normal traditional market my calculation will be around 5% but what is the tight calculation in your opinion you use in a highly volatile market like this  .

[Strongkored]

Who did an exit strategy before the worst dip?

I have sold coins that were still in a profit position when the market started to down but unfortunately the decline was deep and it still made my portfolio drop quite sharply, currently just waiting for the price to bounce back

[gabbie2010]

I trade with a stop loss once my trade hits a stop loss I will be on a sideline to watch and monitor the market whether it is changing from bullish to bearish sentiment or vice-versa once I confirmed the change in the market sentiment I begin to place short trades in bearish market and long trade in a bullish, crypto market always trends  bullish most of the time more than bearish trending however in the present market scenario hodlers without any knowledge of trading will get rekt, while the knowledgeable ones will quickly exchange their cryptos to a stable coin eg USDT, BUSD and wait for a change in the market trend.