From trader become holder because the market is crashing

[Fivestar4everMVP]

Yeah, this post made me remember back in the days when I was still into trading the market every day, there were times when I have to hold a coin for atleast a month to see if I could even be able to at least sell them at my buying price, but most times, I still end up with a loss, but it's always good to hold bitcoin and other major coins if at all after buying, the price drops, there's a kind of guarantee that the price will definitely come up again if only one can be patient.

[Hypnosis00]

Yeah, this post made me remember back in the days when I was still into trading the market every day, there were times when I have to hold a coin for atleast a month to see if I could even be able to at least sell them at my buying price, but most times, I still end up with a loss, but it's always good to hold bitcoin and other major coins if at all after buying, the price drops, there's a kind of guarantee that the price will definitely come up again if only one can be patient.

That is the biggest challenge when we do the buying during the bull season and then the market just dumps while we still have an active trade. To hate to say but no chance it filled which leads us to do holding rather than to do stop-loss. This is the risk in trading as we never know what will happen next and sometimes we just put trading as a gamble. Anyway, I think OP had chosen the best option. In fact, we can continue trading using another coin while holding that particular coin while waiting for its price to recover.

[andriarto]

many people are trapped in that situation, they think when buying is the lowest price, but it turns out that the market says something else, and the price continues to decline, until the value of our assets may decrease by 25%. at this time many people love to take it off but for me we have to be firm to take action, discipline is required by a trader, if it has broken its work area, it is mandatory to cut losses

[sumant]

In the previous bull run many people has taken entry. Some has booked their profit. Those who don't sell should hold their coin. Nothing in our hand in this market crash point. In this crash market you can accumulate more coin to minimize the loss and be in a profit as soon as possible. Holding power is great assets in crypto market.

[globalpain]

many people are trapped in that situation, they think when buying is the lowest price, but it turns out that the market says something else, and the price continues to decline, until the value of our assets may decrease by 25%. at this time many people love to take it off but for me we have to be firm to take action, discipline is required by a trader, if it has broken its work area, it is mandatory to cut losses

I think that is one example of a decision that can be said to be reckless and very unfortunate of course,
that is why we must be able to read market movements even though it is difficult but if we learn we will definitely be able to,
at least that experience makes us learn and in the future can make the right decisions

[jrrsparkles]

When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.

If you are an actual trader then you got features to save yourself from such crashes like stop loss so you can leave the market with small loss instead of losing half of your capital. And if you missed to exit in that way then you have two choices, whether you can hold until the price increases or accept your loss and start focusing on making the profits with current market movements.

[Questat]

When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.

If you are an actual trader then you got features to save yourself from such crashes like stop loss so you can leave the market with small loss instead of losing half of your capital. And if you missed to exit in that way then you have two choices, whether you can hold until the price increases or accept your loss and start focusing on making the profits with current market movements.

Most probably, traders will take the cut loss option rather than to get stuck and waste their time waiting for the recovery. Because in their minds that if they don't move, if they don't sacrifice those few losses, the more chances that they got paralyze, and most likely they will not call themselves as a trader.
But I was to assume that OP isn't a pro-trader, he just knows about trading but in a situation like this, he prepared to become a holder, not being a trader anymore. Well, there is no wrong with that.

[kawetsriyanto]

When the BTC price dropped for the first time to that rate, yeah, I personally become a holder. Not using the CL feature at that time so it was so late for us if willing to use CL. ANd the best decision is to hold the coin.
And Panic? of course it is normal. But never make that for panic sell because you will really lose everything if you sell. And your portfolio is actually still the same there if we don't sell our coins. Risky? Of course, it is very risky because we don't know whether the market will be better soon or not. But exactly, really hope that the market will be back at least in this year.
And maybe it needs some funds again to check the market and buy some coins for scalping or daily trading.

[Fatunad]

When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.

If you are an actual trader then you got features to save yourself from such crashes like stop loss so you can leave the market with small loss instead of losing half of your capital. And if you missed to exit in that way then you have two choices, whether you can hold until the price increases or accept your loss and start focusing on making the profits with current market movements.

Most probably, traders will take the cut loss option rather than to get stuck and waste their time waiting for the recovery. Because in their minds that if they don't move, if they don't sacrifice those few losses, the more chances that they got paralyze, and most likely they will not call themselves as a trader.
But I was to assume that OP isn't a pro-trader, he just knows about trading but in a situation like this, he prepared to become a holder, not being a trader anymore. Well, there is no wrong with that.

I dont think that would be their option because they can always choose to hold than on cut loss unless if they had put up stop loss then that would surely be considered as lost totally
but if they do have the chance to break even then they would really be choosing up to hold and use up their back up funds to continue their position or dealing with volatility.
There are really instances or situations where you dont have any choice but to do it even though its not meant to be hold but due to situation then you wouldnt have any choice.
Is there something wrong with this? I dont think it can really be avoided aside if you had been liquidated.

[Raihan.arh]

Yeahhh thats true.  Same thing happened 2017-18 season. But it bounce back in next year. So i believe that a tight hold for a year it will give a great profit.

[Xinarae*]

You need to take risks to invest in the crypto market it is not possible to invest without risk. Even if the market crashes you have to keep investing the right time to buy when the price of currencies falls a trader is facing stiff competition because there are already hundreds of competitors in the market already starting the same business. Although the risk factor is low because he walks a path that has already been tested by competitors so the chances of failure are relatively low so you have to wait until the price goes up the reason for going down is that it will go up again.

[Dr.Osh]

many people feel that way. I also want to sell the coins that I have, it's just that, the price of bitcoin went down, and it affected that, so I still hold the coins that I have until now. however, many people get stuck at this price and expect the price to rebound and be above the $ 50k price tag. Personally, I'm waiting for another $ 60k price tag.

[greenslope]

...

They are called bag holders /f.

[wxa7115]

Yep. It's useless to cutloss now since the market already bounce back from the massive dip. Setting up stoploss is the key to prevent this kind losses. It will recover slowly again over a months if this side ways continue without further more dip. Holders will win on this market.

Doesn't really agree with Holders winning this market. Expert traders who knows the 2018 bitcoin crash that use stop losses still won as they analyze the market well and where to buy back on the dip. Imagine two scenarios: having your position on 54K and you cut at 50K then bought back at 31K, and Holding your bags from 49K, who's the real winner? Holding is definitely fine especially if your day to day profit making isn't trading alone. BUT, Holding should still has its limits. Why? Yes, Bitcoin price and even any cryptos that were affected by the crash is still going up regardless of the dip, but the time you wasted holding such coin instead of buying it back more in the dip still is a bigger loss than cutting it loss every time you set a position.

A wise trader knows when to cutloss. But a wise investor or holder knows that crashes are common. Nonetheless, where are we when the March 2020 crash came? Have we considered holding any coins from that crash? I guess many of us not. We're just mere traders who needs to learn more to use stoplosses at any trend of the market.

The problem is the next, we know that the best trader around the world should outmatch the best holder of the world regardless of any asset and time frame, but the issue is how difficult it is the become reasonably good on any of those two disciplines.

And becoming a good holder is easy and can be done by almost anyone as long as they are willing to do so, but becoming a good trader is incredibly difficult and very few achieve any meaningful results which means that many times it is better to take the safest path and become a holder.

[Asuspawer09]

When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.

Luckily I sold at the right time and able to get out some of my investment and convert it to USDT and most of it is invested in NFT's because I think it's the way to avoid dumping the market.

I've just bought back bitcoin around 30k$ market price and to be honest at this time for sure the pump will surely gonna reach higher, what I mean is bitcoin is gonna surpass 100k$ the next time the market is gonna pump so probably I'm not gonna sell any of my investment unless it reaches that market price of even more.

Crashing is always a part of the market so as soon as possible I always take profit, It is going to recover soon and probably faster than you think since the community is a lot bigger than before.

[Luqman]

Actually, we can still be a trader if we are brave to cut loss a few coins. But I will also think multiple times to dot his because it is too late to cut loss. Well, personally I also become a holder because of this dip market. However, I always check whether there are some coins that have reached a little but increase and not too deep to sell. ANd then use the funds to trade again during this dip.

[molsewid]

You need to take risks to invest in the crypto market it is not possible to invest without risk. Even if the market crashes you have to keep investing the right time to buy when the price of currencies falls a trader is facing stiff competition because there are already hundreds of competitors in the market already starting the same business. Although the risk factor is low because he walks a path that has already been tested by competitors so the chances of failure are relatively low so you have to wait until the price goes up the reason for going down is that it will go up again.

You can't earn a profit from trading or even investing in cryptocurrency if you will not going to take risk, it is so impossible for a crypto market to being not risky because it is so impossible. I am also a trader and yeah from a trader become a hodler as of now because of the recent crypto market crashed. I just don't do any panic selling every market crashed, i just learned to wait for another good time to trade since I just see that crypto market are now slowly but surely recovering already.

[rhodelmabanal]

Well i think it is optional you can still trade at loss or hold till the price rise back and earn. It is really risky if we invest in crypto because it is high on volatiliy but it is all about time and patience when we saw market is down we can feel sad but when the price goes up we can be happy that was greed sometimes we loss because we are greedy or lack of patience the best option is hold but because of greed holding is really hard.

[VanDeinsberg12]

I mean, there is nothing wrong with that, you can scalp and make recovery to make up for your losses (risky i know)

but i'm myself as a former trader gonna start accumulating on the way to bottom and trust me, history has shown the winner is the people who bag hold so hard they turned their losses into massive profit.
IMO trading in crypto usually have less profit but higher risk from my point of view, holding is a lot worth it, free you from the stress a little bit and let u enjoy your life more.

[jaberwock]

I mean, there is nothing wrong with that, you can scalp and make recovery to make up for your losses (risky i know)

but i'm myself as a former trader gonna start accumulating on the way to bottom and trust me, history has shown the winner is the people who bag hold so hard they turned their losses into massive profit.
IMO trading in crypto usually have less profit but higher risk from my point of view, holding is a lot worth it, free you from the stress a little bit and let u enjoy your life more.

I have to advice that if you haven't scalp before and made those quick tiny moves for arranging your price lower, that could be a very risky stuff and could take a while, I would prefer if we did not do that at all. I think the best way to do something like this would be to make a profit by holding, and just keep holding, becoming a holder is still a great thing if you trust that crypto will go up once again.

I am not a trader but I am doing the same thing as you do, I am just getting more and more because I trust bitcoin to go up so there is nothing to worry about here, the transaction fee is a bit of a problem, every time you want to buy you put in some fiat and buy bitcoin and put it on wallet, that takes like nearly 50 bucks for me when all said and done, this is with bank charging me for sending, then exchange charging me commissions, then transaction fee as the highest. Aside from that cost, I am quite happy with the current situation.