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Author Topic: What are you buying in this market downturn?  (Read 1318 times)
Kodok Bencot
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December 09, 2021, 11:05:04 AM
 #61

My strategy when the red market is to immediately transfer large assets to USDT or other stable coins, by switching to stable coins then I can avoid bigger losses, as we know that top coins like bitcoin and ethereum are very influential on the market, if both are red then we can be sure the majority of cryptocurrencies will be red.
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December 09, 2021, 12:21:35 PM
 #62

Good opportunity when looking at the market down because can get a cheap price, I invested about $ 400 to buy Pancakes (CAKE) when the price was around $10 and $11, and was happy for 2 days the CAKE price was always above $12.

Surprised at the end of the year to have such a shocking decline like this, I've lost quite a bit so far and it looks like it's going down even more. Everything is almost a mess but one has to have a higher level of patience to keep seeing it.

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December 09, 2021, 01:12:17 PM
 #63

Hi, the market has dropped dramatically recently, and we have the opportunity to buy cool projects at a good price, for example, it was possible to buy Solana, NEAR, Avalanche, Cordana much cheaper than they were a week ago.  have you bought something, and if so, what have you bought?
I better wait. maybe the current price looks good because it's cheaper than yesterday. but buying is not a good choice, because we don't know yet where this correction will end. for now waiting is the best choice, maybe until there is a sign for a rebound we should not buy yet.
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December 09, 2021, 01:51:33 PM
 #64

I didn't buy any, I just hold my assets for the meantime. Maybe the market doesn't look good now but I save my fate for the last. And the reason why I'd rather just hold than accumulate more was that I didn't use everything I have in crypto. I've put some money in crypto and that seems enough for now since I don't sell them during the Bullrun. And I was optimistic that it will able to recover before the end of this year, and that might be the time to sell and restart again.
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December 09, 2021, 09:02:17 PM
 #65

When the price goes down, you must use the trend. Experienced investors usually increase their Bitcoin portfolio during this period. The trick is to buy more coins when the price is low, and sell it once they reach the top of the trend.
I think when price of coins go down bagging only bitcoin isn't enough, whenever the entire market is in dip what I do is just to start buying dips of gold alts the likes of ltx, Iotex, sol and near, although I usually bag more of Near since it quickly goes back up after the dump even if bitcoin is still in red just like it pumped massively yesterday, so whenever there's a dip just bag some bitcoin and more of good alts like the ones I mentioned.

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December 09, 2021, 09:23:41 PM
 #66

I'm trying to hold on to the assets that I have to let go, and try to buy Solana because of the low operating costs and also the increasing market conditions to invest in Solana, the reason I like that is because many projects have switched to Solana...
A wise choice to make, never let go when the price is like this unless you still have an advantage there.
for SOL is also a pretty careful choice that you make because SOL is now still the prima donna after the crazy increase a few weeks ago.
You are on the right track, it's just a matter of how you maintain your current coins. Don't falter my friend, stay on the path
With reference to SOL/USD weekly timeframe it has dipped well into a strong resistance which I believe the price can't break, obviously there is going to be a rejection of the price, thus I strongly agreed that buying SOL now is the right choice, historically all the previous dips by the price recovered and trended upward, a valid indication of a huge or massive profits awaits investors of the SOL who bought at dip, even now that there are a lot of diversion of lot of projects to SOL network.

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December 09, 2021, 10:17:45 PM
 #67

Still, I made my decision to collect some BTC, ETH, and BNB. I'm also looking forward to having some luck with Solana as it was one of the hot coins in the market. I believe that I was in a good choice (apparently yes), as we know that these coins are really profiting and growing projects. I'm in my way searching for NFT projects, however, I feel that it wasn't a good time for them as their prime time has been done (just for me). So, I'd rather stick to what the majority are now buying.

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December 09, 2021, 10:24:23 PM
 #68

Hi, the market has dropped dramatically recently, and we have the opportunity to buy cool projects at a good price, for example, it was possible to buy Solana, NEAR, Avalanche, Cordana much cheaper than they were a week ago.  have you bought something, and if so, what have you bought?

ETH and on the way to buy BNB, especially ETH because the resistance is very strong I guess it's hard to break below $4000k price. For others I'm not that interested right now because the bear market really test our mentality about patience and I don't want to stuck for a long period to regain my losses back.

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December 09, 2021, 11:49:13 PM
 #69

Hi, the market has dropped dramatically recently, and we have the opportunity to buy cool projects at a good price, for example, it was possible to buy Solana, NEAR, Avalanche, Cordana much cheaper than they were a week ago.  have you bought something, and if so, what have you bought?

ETH and on the way to buy BNB, especially ETH because the resistance is very strong I guess it's hard to break below $4000k price. For others I'm not that interested right now because the bear market really test our mentality about patience and I don't want to stuck for a long period to regain my losses back.

I can't afford to wait and hold for another season, so I'm embracing this great opportunity while downturn is currently happening. Once I got a money from other sources of income, I would love to add bitcoin holdings ang accumulate it for good as an additional to future plans. But for now, low volume coins that belongs to binance chain was the hidden gems which am about to foresee some good potentials next year that's why I'm also buying them while red days was present.

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December 10, 2021, 04:24:50 AM
 #70

the project what u say is all good top 10 marketplace have good roadmap also, currently i invest on coin that have smart contract on it like solana does

and buy on metaverse project and play to earn since i love game and currently the project on hyped mode

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December 10, 2021, 05:04:58 AM
 #71

Hi, the market has dropped dramatically recently, and we have the opportunity to buy cool projects at a good price, for example, it was possible to buy Solana, NEAR, Avalanche, Cordana much cheaper than they were a week ago.  have you bought something, and if so, what have you bought?
Only one coin that i added in my Folio and that is Cardano , ADA is the most promising coin for me and as i am willing to hold long term so i will trust this one for at least 2-5 years the most.

added to my 5 currency that stays in my folio for more than 2 years now .

Godwinpaul
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December 10, 2021, 05:34:16 AM
 #72

My challenge is that each time the market drops, I'll be sceptical of buying because of the possibility of the value dumping much more. This has been a recurring issue and before I know it, the market is back up. Buying when the value is low is a wise move and that could give one much more profit.
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December 10, 2021, 06:59:01 AM
 #73

The red trend is not over yet and since december my crypto assets have fallen by more than 10%, I think this is a good opportunity to buy again and I recommend buying MATIC and Solana because 2 platforms are shining soon so it's worth buying when the market is red and we can get a lower price.


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bounceback
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December 10, 2021, 08:07:50 AM
 #74

Hi, the market has dropped dramatically recently, and we have the opportunity to buy cool projects at a good price, for example, it was possible to buy Solana, NEAR, Avalanche, Cordana much cheaper than they were a week ago.  have you bought something, and if so, what have you bought?

The current decline is certainly a good momentum for us to buy some potentially strong altcoins so that these coins are able to give us a big return when there is a recovery in market prices, now I have bought AVAX, MATIC, SOL, FTM, CIFI all these coins I think was able to have a higher price when the bitcoin price bounced back to the $66k price.

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December 10, 2021, 08:12:45 AM
 #75

And in the crypt now there is a uniquely similar situation with the dot-coms of the 90s-2000s. So to some extent it is correct, we just consider bitcoin and the entire crypt as a single whole
I don't understand what you mean, because so far Bitcoin has a very unique and very strong unity so there is not the slightest reason that makes anyone hesitate to believe in him.

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December 10, 2021, 01:13:31 PM
 #76

yep i bought some altcoin but i sold most of my altcoin 1 week before when bitcoin just broke 55k support.
and now bitcoin is still consolidation. i think i will buy more altcoin when bitcoin break 55k maybe

And in the crypt now there is a uniquely similar situation with the dot-coms of the 90s-2000s. So to some extent it is correct, we just consider bitcoin and the entire crypt as a single whole
maybe it will happen just like dotcom bubble.
but the most importain question is when?

after bitcoin reach 1M$? Grin Grin we never know till it's happen
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December 10, 2021, 01:40:57 PM
 #77

on such days, I try to redirect the entire deposit to stablecoins, but it doesn't always work out, because you don't know 100% where the market will go. Or I buy coins from the top 3 CMC, it seems to me they will always be in price, even when there is a deep correction.
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December 10, 2021, 01:42:30 PM
 #78

yep i bought some altcoin but i sold most of my altcoin 1 week before when bitcoin just broke 55k support.
and now bitcoin is still consolidation. i think i will buy more altcoin when bitcoin break 55k maybe
It's just part of a strategy that you create yourself and as long as it can be very good for you, it won't be wrong for you to do it even though everyone has a different plan in this regard and also in terms of executing it at any given period.

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December 10, 2021, 01:55:51 PM
 #79

Solana is very hype, whereas Cardano I observe is more like a stablecoin. If it goes down in the near future or later, it's normal or vice versa, it goes up (bullish) for correction/retest of the audience.

If I had to choose, I would choose Solana for a fee. Some airdrop projects can be for the long term, for Kardano to hold it is pretty good, that's what I observed.

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December 10, 2021, 02:04:04 PM
 #80

Hi, the market has dropped dramatically recently, and we have the opportunity to buy cool projects at a good price, for example, it was possible to buy Solana, NEAR, Avalanche, Cordana much cheaper than they were a week ago.  have you bought something, and if so, what have you bought?
right now I only buy a few types of coins that I have seen for a long time and follow the development of prices for ETH, BNB and ADA.
I think that everyone has their own favorite coin where the price is always seen before deciding to buy it.

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