From trader become holder because the market is crashing

[sayaya17]

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.

[1715058231]

1715058231

[Coin_trader]

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.

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.

[nelson4lov]

It's unfortunate but true. The same thing happened after the peak of 2017-2018 bull market and ico bubble bursted. I know for a fact that most traders during those times became the biggest bagholders and were only able to offline some of those ico bags that managed to do well in this bull run. I agree same thing would happen when this bull market eventually reaches its peak. The recent market downturn has shown us a sneak peak of what's to come. It's a good reminder especially to the new traders in crypto that the market doesn't only go up.  There would be a lot more bagholders than the last bull run.

[electronicash]

holding is an option this bear market if you are a full time trader. there are still few options to profit that you may consider doing. margin traders are like leechers in the market who constantly earn whichever the trend goes so if you are going to play the risk, trade on margin.  gamblng still is an option or try the binary option.

[MusaMohamed]

When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high.

I can sympathize with Bitcoin investors but I can not with altcoin investors. Especially with meme token investors, I laugh at their greed investment. I know there are people get rich with meme tokens but for investors who participated in very late, they deserve what they have lost.

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.

It is true for bitcoin but can not for altcoins. It can be true for very few altcoins and top coins have more probability to recover. Shit coins can not.

[mk4]

We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply.

Very amateur mistake. Even by just taking a quick look at Bitcoin's price chart for a few minutes, you'd immediately realize that drops of this size have ALWAYS been possible.

Also, if you don't want to get stuck with holding coins that have dropped by huge amounts, use stop-losses.

[cryptoaddictchie]

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.

Thats normal, if you are in loss of more than 30 to 40% cutting losses will kick in and a huge failure as a trader. There is no shame in losing but its actually not a loss until you sell all the asset. Paper losses are just there, relax and wait for it, we all knew that market can recover easily and just surrounded by Fud. China loves to fud and we all knew it.

[leea-1334]

It is not a disaster at all. It is very highly unlikely you bought at 62k,,, so you are still very much in a comfortable zone losing 50% of your Bitcoin worth. I have lost over 95% of worth of my coins and still held for sure you can do the same as this is Bitcoin, not just any other coin but the very best and most mature of crypto.

[Twinscoin2017]

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.

This was a good strategy if we already loss at price then hold it and we need to wait for the next rising of the bitcoin price to avoid losing of our capital. I believe also that bitcoin will rise back to 60k$ and some altcoin like BNB will also rise back after the correction of the bitcoin price. So i think there is no need to worry price is still high it is now 36k$ maybe when it drop to 10k$ then that time we began to cry.

[Kittygalore]

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.

It will be useless only if you are aiming for long-term but if you are on the short-term side then cutting losses is a pretty good decision because they will never know how low will it go so ejecting while it is still on a one digit loss is a win for them and they can buy back if the prices did go lower.

[Maslate]

Well, not often but sometimes it really be going to happen and I have that the same experience in the past.

Because in trading, it is not all about buying and selling, HOLDing is a part of it. And why we have to hold? Just like you have said, you can't sell your crypto at a low price, yeah, it is to find ridiculous if you will sell it since you know that you will lose. So, the last option is to hold and but of course, you will need to check the market if that still has the possibility to recover otherwise, you are will wait until the next Bullrun.

[GreatArkansas]

A trader without stop-loss seems not a "trader".
To be honest, this is one of the most problems of current traders these days. If you do a trade or open a trade position, why don't put your stop loss/price target?
Cutting your loss will help you to preserve your capital.

[Renampun]

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.

Don't easily cut-loss your asset especially when market conditions are like this time...

just hold on because there will definitely be a moment to go back up, I learned from the market bearish experience in 2018, and now I have more confidence in the price of Bitcoin will go up again.

[cheezcarls]

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.

Being a day trader during the bearish market is actually risky (unless you know how to short in futures or margin trading). It’s better to be a long term holder in these promising coins like Bitcoin, Ethereum, Cardano, BNB, etc. Diamond hands win! I believe that we are going to be back on the bull run in the near future because we’ve been in this situation before, so hang on guys!

[joniboini]

It's like 2018 all over again. Not surprised to see a lot of people get fucked up since whales and big players are starting to play their game and short everything to get a better position on making money for the next leg up. It sucks of course. My portfolio just gets crushed on the last dump but that is within expectations.

Honestly, I think the decision to cut loss or not depends on what coins you trade. If they are some garbage coins then holding is a no-no for me. If it were me, I'd sell all of those garbage coins and rebalance my portfolio to focus on the top 10 coins that will rebound faster when the time comes.

[Rexler]

As your topic implies trader becomes holder! To be sincere that's my state right now. When the market was in a good condition I got good spot bags which was actually doing very fine, and also got an account for trading as well, got positions which where already in profit and also got good equity to sustain my account if the trade turns out to incure lost, so I got busy with stuff offline, later coming back to see the disaster which has already happened, I saw my trading account gone because the coins I had as collateral has been slashed into three and the trades got to incure more losses which led to my account being liquidated and my spot bags looking so Lin, I had no choice but to hold on to my spot bags till the market retrace to the top.

[samcrypto]

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.

Real traders have their own Cut loss and they'll execute it no matter what, not unless you are not prepared to lose money then you tend to become a hodler. Traders will always play by the rule, we are not buying on a overbought market, we always wait for its to correct and now is the right time for that. Imaging you cut loss at the level of $40k and buy back at the price of $30k, you made a good profit in just a 2 days after doing that, this should how the traders think, always focus on your strategies no matter what's the market condition, you have to find ways to keep on winning.

[udidrone]

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 me, i will hold. Because i think hold is one of many strategies that we use in trading activity. And one basic thing in trading which is not use all money in same time, can help us to trade other coins to recover our loss while wait coins that we hold to increased again. Cut lose is used if there are no other way that we can use when we lose.

[wxa7115]

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.

For holders in the market of cryptocurrencies losses like that are completely acceptable and should not be a cause of concern but if you are really a trader losses like that are going to be enough to eventually bankrupt you.

Most books about trading recommend to only risk at most 2% of your capital on a single trade, anyone losing more than that is taking a risk so high that only a handful of trades are necessary for him to go bust, and no matter how good your system really is sooner or later this is going to happen to you.

[ven7net]

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.

You are right, now is not the best time to trade or sell your cryptocurrency. The fact is that the fall in prices for cryptocurrencies was earlier, and as a result, prices returned to their positions and even went higher. If you are panicking now, then it is better not to enter the market, but just wait out a few days. In such critical moments, it is really better to become a holder than a trader.