Are you ready to spend crypto when market is down

[blockman]

Most people will tend to sell their currency out of fear during a market downturn. If you are holding altcoins, you should stop the loss in time to reduce the risk. It is better to lose a small amount than to lose all your funds. Be patient when holding Bitcoin, trusting that the market will rebound and the gains will continue to be reaped.

That's the thing with most altcoins holders, they tend to think that holding altcoins is significant but if you look at what they're holding then it's too late for them to keep on holding it.
What's wrong is when they've found it out too late and then they start to think of cutting loss. Well, 5%, 10% or 20% are still good but if it goes like more than that then it's really quite late for them to sell at losses. But I still see some few success stories that they've made the decision to sell at losses even it's too late already but then recovers with the coin that they've bought.

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[wmaurik]

Most people will tend to sell their currency out of fear during a market downturn. If you are holding altcoins, you should stop the loss in time to reduce the risk. It is better to lose a small amount than to lose all your funds. Be patient when holding Bitcoin, trusting that the market will rebound and the gains will continue to be reaped.

The problem of falling prices does not only occur in altcoins, but has also occurred in Bitcoin so that the problem of being patient actually has the same size for each asset being held. Altcoins can be very cheap when Bitcoin goes down, but altcoins can also recover slowly when Bitcoin starts to slowly rise again in the market. You can see at the moment that some of the altcoins are increasing in price even though the percentages are still looking a bit low.

[Smartprofit]

Most people will tend to sell their currency out of fear during a market downturn. If you are holding altcoins, you should stop the loss in time to reduce the risk. It is better to lose a small amount than to lose all your funds. Be patient when holding Bitcoin, trusting that the market will rebound and the gains will continue to be reaped.

In my opinion, the main problem is not that people are afraid of the bitcoin bear market and therefore panic selling their coins…

The problem is that the global economy is currently in a recession.  Many countries have very high inflation rates.  Goods, works and services are constantly becoming more expensive. 

To maintain the previous standard of living, people spend their savings.  So people sell their bitcoins (well aware that the price of bitcoin will only rise in the future).

[xSkylarx]

Most people will tend to sell their currency out of fear during a market downturn. If you are holding altcoins, you should stop the loss in time to reduce the risk. It is better to lose a small amount than to lose all your funds. Be patient when holding Bitcoin, trusting that the market will rebound and the gains will continue to be reaped.

You are kind of thinking that it is the end of the life of altcoin. Not all have fear over this; others will take this as an opportunity to purchase more and gain more assets. You won't be losing your funds if you are smart, like if you know the cause of the downtrend and predict that it will be up again, since it will also be your loss if you sell it and after a few months the price goes high.

[Dickiy]

Hello Everyone,

I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token.  Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?

If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?

The average person uses Cryptocurrency as an alternative investment instrument or income diversification considering that in my country it is still prohibited in its original utility as currency in the real world.
But I have been in this bad market several times and spent my crypto with products in the Crypto world such as NFTs and other transactions p2p and hidden , but it is still relatively rare, mostly I use crypto as an investment instrument and hedge against inflation.

[Fredomago]

Most people will tend to sell their currency out of fear during a market downturn. If you are holding altcoins, you should stop the loss in time to reduce the risk. It is better to lose a small amount than to lose all your funds. Be patient when holding Bitcoin, trusting that the market will rebound and the gains will continue to be reaped.

That's the thing with most altcoins holders, they tend to think that holding altcoins is significant but if you look at what they're holding then it's too late for them to keep on holding it.
What's wrong is when they've found it out too late and then they start to think of cutting loss. Well, 5%, 10% or 20% are still good but if it goes like more than that then it's really quite late for them to sell at losses. But I still see some few success stories that they've made the decision to sell at losses even it's too late already but then recovers with the coin that they've bought.

It's no longer good if the lost is more than 50% but they don't have any chance since holding alts is really a risk that investors and traders needs to understand, before taking any action or participating with any alt investment make sure that you are mentality and financially prepared with what you expectand how will you react in each market movements.

Not easy but instead of spending your hold asset, if you think chance of bounce back is possible, then try to keep holding till you see the market bounce back in your favor.

[blockman]

That's the thing with most altcoins holders, they tend to think that holding altcoins is significant but if you look at what they're holding then it's too late for them to keep on holding it.
What's wrong is when they've found it out too late and then they start to think of cutting loss. Well, 5%, 10% or 20% are still good but if it goes like more than that then it's really quite late for them to sell at losses. But I still see some few success stories that they've made the decision to sell at losses even it's too late already but then recovers with the coin that they've bought.

It's no longer good if the lost is more than 50% but they don't have any chance since holding alts is really a risk that investors and traders needs to understand, before taking any action or participating with any alt investment make sure that you are mentality and financially prepared with what you expectand how will you react in each market movements.

Not easy but instead of spending your hold asset, if you think chance of bounce back is possible, then try to keep holding till you see the market bounce back in your favor.

It's risky and they cannot revert when the loss is already too much. And those that are in deep losses, they have no choice but to hold it until there's nothing to no hope left anymore on them.
They've just accepted their losses in there and think that it's a lesson that they should learn upon investing in altcoins. It ain't easy but learning into those experiences is a must.

[Solokan]

spending crypto when the market is down,, is a strange thing, because when the market is down it should be a time to buy not sell.

[Roggeredek]

Better decision to hold than spend crypto when the market is down if the market is down, it will go up again. The cryptocurrency sector is still in its infancy and the crypto asset market is in a state of extreme volatility, which is accompanied by price volatility. When prices rise investors are attracted to the sector and enter again and face huge losses as the market crashes. But some there are specific strategies that experienced investors use to make money from cryptocurrencies.

[Mate2237]

Hello Everyone,

I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token.  Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?

If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?

Of course yes. You have to spend to meet up your daily expenses. As for I buy Cryptocurrencies from different exchange platforms, and I spend it every week, but it is only bitcoin I am not spending but I buy and store it for long periods of time. Real bitcoiners does not think of the bear and bull market, they spend at anytime whenever the need arises. Holdling it, is the best approach but if you hungry and you need funds, won't you spend the cryptocurrency that have in the wallet? I can't killed myself because I want hold for the bull market and if in the process I died who will use the fund? Therefore I have to use them to survive first before we think of what to do.

[ginsan]

spending crypto when the market is down,, is a strange thing, because when the market is down it should be a time to buy not sell.

lol. I don't know how weak-handed people feel who dumped BTC in the $16k and $17k price area and they saw today's price where BTC was trading at $21k.

that's why we shouldn't have a higher fear ratio when we see the market is red as this can trigger a bad decision to sell.

I agree with you that when the market is down, it is a great opportunity to make an ideal entry.

even if looking at today's btc price of course btc has broken a resistance point and i think we'll continue to see big pump to come.

[wmaurik]

spending crypto when the market is down,, is a strange thing, because when the market is down it should be a time to buy not sell.

Sounds like you've got some really good ideas on this, it's not like they're weird about selling their crypto when the market is down. But it could be that those who are selling are because they still see profits so they sell immediately before they experience a loss in a downtrend.

Better decision to hold than spend crypto when the market is down if the market is down, it will go up again. The cryptocurrency sector is still in its infancy and the crypto asset market is in a state of extreme volatility, which is accompanied by price volatility. When prices rise investors are attracted to the sector and enter again and face huge losses as the market crashes. But some there are specific strategies that experienced investors use to make money from cryptocurrencies.

Do you know the strategies used by experienced investors to make money in cryptocurrencies? Because I don't see them telling anyone about their strategy for taking profits in cryptocurrency, except for ordinary investors who when experiencing direct losses say bad things for cryptocurrency, even though it is the fault of every individual who must understand the risks before investing anywhere.

[stomachgrowls]

Hello Everyone,

I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token.  Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?

If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?

Of course yes. You have to spend to meet up your daily expenses. As for I buy Cryptocurrencies from different exchange platforms, and I spend it every week, but it is only bitcoin I am not spending but I buy and store it for long periods of time. Real bitcoiners does not think of the bear and bull market, they spend at anytime whenever the need arises. Holdling it, is the best approach but if you hungry and you need funds, won't you spend the cryptocurrency that have in the wallet? I can't killed myself because I want hold for the bull market and if in the process I died who will use the fund? Therefore I have to use them to survive first before we think of what to do.

We do all have that expenses but in speaking about investment then it would really be totally divided on which i dont really tend to make use of those coins to be converted just because i do have something needs to buy

because you are really just basically wasting up your opportunity on making some profits if you do tend to sell off on your current position.Its not ideal and you shouldnt have made out investment since from the start
if ever you do have this kind of behavior.

Plus if the market is down then who the hell would really be interested on converting their coins at loss? For panic sellers then it would be common but for daily
spending or expenses then it do raises up some question.

[lienfaye]

spending crypto when the market is down,, is a strange thing, because when the market is down it should be a time to buy not sell.

There's a reason for some of us on why they're spending/selling their crypto even the market is down. For some, it's not just an investment because it can be use as currency when you purchase, hence there are people who mainly use it as currency regardless of the price. While some investors are selling for being weak resulting to lose their trust and patience. It's understandable though, as we have our own reasons on why we engage ourselves in crypto. Anyhow, a down market is still a good time to accumulate because the prices of coins are cheaper.

[xSkylarx]

spending crypto when the market is down,, is a strange thing, because when the market is down it should be a time to buy not sell.

The reason mostly they need it or they just don't trust bitcoin and they would sell their bitcoin even if they are losing because they think that bitcoin will lose value lol, but behind it, some people cant control their emotions which is why they tend to sell. Mostly when red days is the best time to buy as the price was cheap but when people are really in need of money that time then we do have no choice. Sometimes I only spend my crypto when I need it

[gunhell16]

In my few years here in the crypto space, I have observed several times that when bitcoin increases its price in the market most altcoins that are not included in the top listed in the market fall in its value, and only top cryptos only those who follow the rise of bitcoin can do this like Ethereum, Binance, Matic, and others.

So when the value of bitcoin fell, the value of ETH, BNB, Matic, SOL, and other well-known cryptocurrencies in the market also fell.

[MarjorieZimmermanGinger]

Hello Everyone,

I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token.  Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?

Despite what anyone says, the function of investing is to seek profit, which means picking potential coins is the best way to keep the money circulating in the right places. Talking about potential, everyone will definitely choose bitcoin because it has been proven to be the best investment, but talking about crypto is still quite general and has several criteria that we must pay attention to when starting an investment.

If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?

Buying when the price is good, in my opinion, is not a security instrument, but a pattern and strategy for entering the market, while an instrument is a tool for making research before entering the market and buying what you want. Security also covers some of the potential coins you want to invest. If you choose a non-potential coin, then the chance of a risk is far greater than bitcoin.

For these reasons, investing requires a special analysis of time, potential coins and understanding the coin's journey correctly, so that when making decisions we have careful consideration.

[kapalmabur]

In my few years here in the crypto space, I have observed several times that when bitcoin increases its price in the market most altcoins that are not included in the top listed in the market fall in its value, and only top cryptos only those who follow the rise of bitcoin can do this like Ethereum, Binance, Matic, and others.

So when the value of bitcoin fell, the value of ETH, BNB, Matic, SOL, and other well-known cryptocurrencies in the market also fell.

Yes, that's how it is with cycles and we can see it in the last days when the price of Bitcoin in the market starts to go up it is also followed by other top coins as you mentioned,
so great influence from Bitcoin and that's why Bitcoin is called the king of crypto,
We'll see what the next development will be like.

[Fara Chan]

Better decision to hold than spend crypto when the market is down if the market is down, it will go up again. The cryptocurrency sector is still in its infancy and the crypto asset market is in a state of extreme volatility, which is accompanied by price volatility. When prices rise investors are attracted to the sector and enter again and face huge losses as the market crashes. But some there are specific strategies that experienced investors use to make money from cryptocurrencies.

This mistake often happens to ordinary people/investors where they lack knowledge in the field of good and proper investing, but this mistake can occur because of a fear of loss and they think that this strategy should be changed and sold even though they don't think about it. the negative impact that arises, even though the real attraction is that this action is not necessary, brands just have to hold back, in fact all those who invest know the risks in investing, but it's just that sometimes brands are not so ready for all the risks of investing in Bitcoin.

Actually selling during a declining market trend is not very effective, we recommend holding it, and maybe at this point we all know that the market trend is gradually becoming bullish, although this is a small stronghold you can use it well to sell, and want to invest. for holding assets going forward.

[Cryptmuster]

If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?

If bitcoin is seen as an investment, then it's clear that spending it when the price is down is not the smartest way to go. When the price reaches its peak values again, or at least is close to the previous ATH, then in this case, you can spend some part of the bitcoin as a reward for a good result. When the price is down it is necessary to buy and not to sell.