How do people gain profit when crypto is dropping?

[Mpamaegbu]

I feel you. That lost, confused feeling when markets tank and nothing makes sense - we’ve all been there. But most won’t admit it...

Truth is, trading isn’t for everyone. And that’s okay. You don’t need to become a trader to survive or even thrive in this space. But if you do want to walk that path, start with humility. Accept that it’s going to take time, pain, and a lot of learning before you stop losing.

Your advice to OP is apt and straight to the point. You're right about many traders not being truthful of their trading conditions and state of finance. While a lot of newbies feel trading is a shortcut to riches, it's not and that's why they come in and get the shock of their life with unending losses until they learn the hard way.

~

I'm going to take advantage of this very comment...

You should do! Don't dillydally on it. Made haste and you won't regret doing that a few years from now. Go and study TA (Technical Analysis) and spend time on finding strategies that work for you. Trading may be hard to learn but it's the easiest way of making money once you begin to get it right.

[Zackz5000]

Please is long I'm trying to learn about crypto generally but I don't seem to understand most things as if am left out. I leant that even though crypto market is going against you can still make gain out of the situation because to me am only experiencing lost and depression. Please what do I do whenever the market is experiencing deepening? Is there a way to reverse your trade or investment at that point that will make you gain instead of lost?

Since you are not specific about the particular crypto investment you are involve into i may not know what to advise, well if it's shitcoins you are into i will advise you entirely stay away from it or you can invest with just 10% of what you can let go.
But if you to have rest of mind you should start investing into Bitcoin, Bitcoin is the right coin for you as long as you will be willing to accumulate and hodl, even if the price of Bitcoin is dropping you won't still have to panic because it will increase again currently Bitcoin has risen to another ATH those that has been accumulating Bitcoin will be excited with the price of bitcoin now. So mate shun shitcoins and embrace Bitcoin.

[Pablo-wood]

To gain profits when crypto is dropping is very simple and common as well, i have two patterns in which we can use to determine for this.

1. You can be profitable as the market is falling and then you're taking advantage of buying the dip and investing, then you hold for the time being before it start to rise.

2. You can also be profitable when the market is falling by being a trader, whereby all you do is in taking short positions, but you must have seen it that the market is with all indication to be going down than rising.

Lets be sincere here the two patterns you mentioned here are not simple at all. holding a volatile asset requires a lot of discipline and commitment. Something that is learnt the same way we learn other skills and the same goes for trading. If professional traders record losses how much more a beginner. Trading requires training too, even if we choose to trade with bots we still need to understand the basics so we can detect/spot error in any setup made by the bot. Nothing is really simple if we must tell ourselves the truth.

[Joeboy]

Please is long I'm trying to learn about crypto generally but I don't seem to understand most things as if am left out. I leant that even though crypto market is going against you can still make gain out of the situation because to me am only experiencing lost and depression. Please what do I do whenever the market is experiencing deepening? Is there a way to reverse your trade or investment at that point that will make you gain instead of lost?

Note this OP- Due to the market's volatility, losses are part of the crypto journey. So you should not feel bad or get weighed down by this loses but rather learn from your loses, then practice risk management and move on.
‎
‎Now back to the question you asked. Am no psychologist, but based on how you sounded in your post here is what I advise you as a friend to do for now.......
‎
1). Take a break for now be it one month, two month or so, just any one that will work for you. The reason for this is that the market isn't going anywhere, and remember your mental health is more valuable than any coin  whatsoevoever.

2). After taking the break, try to refuel your understanding of cryptocurrency you can start from the beginning if possible,  you can get a demo account, and practice trading, you can even learn from YouTube if possible or buy courses, just ensure that your knowledge is properly reignited before entering back into the space. In addition to this have a trading mentor one who you can freely speak to or ask any questions where necessary.
N.B: After implementing the first and second step just know that you are be ready to continue you crypto journey.

3). Before entering into any project, try and learn about the basics of the project. Every project has its whitepers and in most cases a community so make use of them to better understand a token and the problem it aims to solve. Don't be in a rush, take your time to learn.

4) Focus on Bitcoin accumulation course it's very promising rather than day-tading or short-term trading. One thing about short term trading or day time trading is that it requires experience and emotional control which many beginners may not have.

‎5). Make use of  Dollar Cost Averaging (DCA) Strategy. This means that you should focus on investing a fixed amount regularly instead of going all in at once. It helps reduce the impact of volatility as well as the anxiety during market downturn.

‎With this you are good to go, just know that we are here to help out in case you have any other issues along the way. Better days ahead.

[pawanjain]

Please is long I'm trying to learn about crypto generally but I don't seem to understand most things as if am left out. I leant that even though crypto market is going against you can still make gain out of the situation because to me am only experiencing lost and depression. Please what do I do whenever the market is experiencing deepening? Is there a way to reverse your trade or investment at that point that will make you gain instead of lost?

Ideally there are two ways to do it

1. Short the coin when you think that coin will go downside.
You will have to register on a centralized exchange to do that though which is not really recommended.

2. If you already have coins then sell at the top and then wait for price to decreased and buy at cheaper price again.
You can do this on a decentralized exchange as well which is more recommended since you will be holding your private keys to your wallet.

So you have decide based on your preference. If you are a newbie, you can opt for first option and then learn more slowly and then transition to the second option.

[OcTradism]

1. Short the coin when you think that coin will go downside.
You will have to register on a centralized exchange to do that though which is not really recommended.

Short is means you are in margin trading or futures trading which is dangerous and you must avoid it.

You can long or short and get profit in short term but in long term, you will lose a lot of all money with market long squeeze or short squeeze.

2. If you already have coins then sell at the top and then wait for price to decreased and buy at cheaper price again.
You can do this on a decentralized exchange as well which is more recommended since you will be holding your private keys to your wallet.

Always use stop loss order for some main reasons: protecting your initial trading capital; and also having chance to buy back for coins in amount and get profit with market bounce. At least you will have more coins in number and even if you can not get profit in bounce, you will still have less loss than other people who simply hold their coins in downtrend.

[Trêvoid]

Please is long I'm trying to learn about crypto generally but I don't seem to understand most things as if am left out. I leant that even though crypto market is going against you can still make gain out of the situation because to me am only experiencing lost and depression. Please what do I do whenever the market is experiencing deepening? Is there a way to reverse your trade or investment at that point that will make you gain instead of lost?

 sometimes the best move during a downturn is to study, avoid panic selling, and consider long-term strategies

[lizarder]

Please is long I'm trying to learn about crypto generally but I don't seem to understand most things as if am left out. I leant that even though crypto market is going against you can still make gain out of the situation because to me am only experiencing lost and depression. Please what do I do whenever the market is experiencing deepening? Is there a way to reverse your trade or investment at that point that will make you gain instead of lost?

A little confusion in understanding how you convey the problem and in market conditions experiencing a sharp decline can be profitable for some people who understand how to trade futures and the right trading position when taking a sell position. What you need to do is improve your trading skills and understand several methods of trading correctly, because without that knowledge, it's impossible to generate consistent profits.

You need to learn to understand various types of trading because each type carries different risks, and I'm sure you don't understand how to trade properly. If your trading skills are poor, you should learn to investments because not everyone is successful in trading especially futures trading.

[Onyeeze]

Please is long I'm trying to learn about crypto generally but I don't seem to understand most things as if am left out. I leant that even though crypto market is going against you can still make gain out of the situation because to me am only experiencing lost and depression. Please what do I do whenever the market is experiencing deepening? Is there a way to reverse your trade or investment at that point that will make you gain instead of lost?

You don't need to be depressed because of the price of Bitcoin dropped in the market, that's the reason why people doesn't like to panic whenever they invest because the price of Bitcoin most definitely increases, for me when investing in cryptocurrencies or any other investment you have to invest with your spare money because if you don't invest with your spare money in bitcoin it will really affect you any time you invest, we have to understand that investment in bitcoin is supposed be with a money that you didn't plan for, because bitcoin investment it need a patient, if you dont exercise patient in bitcoin you will be depressed when the market falls but someone who had the experience before will not bother

[LogitechMouse]

Please is long I'm trying to learn about crypto generally but I don't seem to understand most things as if am left out. I leant that even though crypto market is going against you can still make gain out of the situation because to me am only experiencing lost and depression. Please what do I do whenever the market is experiencing deepening? Is there a way to reverse your trade or investment at that point that will make you gain instead of lost?

The only thing that comes to my mind when it comes to "making gains despite the market going down", is shorting the market and that is trading. I don't recommend you doing it if you're a newbie, and with having that kind of feeling where you're lost and depressed, it's better that you don't trade at all.

Being lost and depressed in investing into crypto is becoming a common norm already, and it isn't only you that's experiencing that because as much as we see many making money, there are many out there losing money silently. Sometimes, not doing anything is better than doing something especially when the market is going down. I would suggest converting your assets into stablecoins though if you see the market going down significantly already.

As for your question, there might be a chance, but that requires capital, and timing as well. Reversing your investment from lost to gains will need some time for that to happen. Dollar-cost averaging might be one solution, but take note, it will take time.

[pawanjain]

1. Short the coin when you think that coin will go downside.
You will have to register on a centralized exchange to do that though which is not really recommended.

Short is means you are in margin trading or futures trading which is dangerous and you must avoid it.

You can long or short and get profit in short term but in long term, you will lose a lot of all money with market long squeeze or short squeeze.

2. If you already have coins then sell at the top and then wait for price to decreased and buy at cheaper price again.
You can do this on a decentralized exchange as well which is more recommended since you will be holding your private keys to your wallet.

Always use stop loss order for some main reasons: protecting your initial trading capital; and also having chance to buy back for coins in amount and get profit with market bounce. At least you will have more coins in number and even if you can not get profit in bounce, you will still have less loss than other people who simply hold their coins in downtrend.

That is true. Shorting trades is only possible through futures trading which is indeed risky but that's how we make money in downtrends.
We need not necessarily take leverage. We can simple opt for 1x trades as well.
Coming to the stoploss point, it's not directly related to what I have mentioned as a way to make money in downtrends but yeah, having stoploss is mandatory for every trade.

[Gost ms]

It depends on the people who you asking, if you are a trader, this can be very stressful specially if you are just starting, and learning for experience, but if you have been into the trading for a long time, a small dip or even a dip will not worry since you know that its normal, this is from a coins that has been to the market for a long time, not on meme coins that you read on a telegram group promising, to be like bitcoin, so situation and experience really matter during bear market.

Yes, if you want to trade, you can often take advantage of the decline. For example, during the decline, you bought Bitcoin at a low price and when the price of Bitcoin increases, you can sell it. If you want to become a trader, you have to learn a lot, which may take you about 2 to 3 years to learn. There is a lot of risk in trading. Very few people have been successful in trading, and the risk of losing your money in trading is very high.

If you want, you can invest. For example, investing is long-term, such as keeping your investment period between 5 and 10 years. First, you need to find a source of discretionary income and invest the amount of money you want to invest from your discretionary income. You do not need much to start investing. If you have basic knowledge about Bitcoin and if you have faith in Bitcoin, you can invest. The risk of losing money in long-term investment is much less than in short-term investment.

[Catenaccio]

Yes, if you want to trade, you can often take advantage of the decline. For example, during the decline, you bought Bitcoin at a low price and when the price of Bitcoin increases, you can sell it. If you want to become a trader, you have to learn a lot, which may take you about 2 to 3 years to learn. There is a lot of risk in trading. Very few people have been successful in trading, and the risk of losing your money in trading is very high.

Price can bounce or recover after a fall but it can fall deeper and this makes trading is very dangerous for traders. People can lose money by buy high, sell low with FOMO but they can also lose money by buying in dips and panic sell in deeper falls.

Traders need not only money but some others like knowledge, experience, discipline and very strong mentality to make sure they know what they are doing in the market, and how they control their emotion, decisions for entries and exits, buying and selling. They must prepare their finance very well, and make sure they don't have pressure of always being active in trading for earning money in order to use it for spendings in life.

[Issa56]

Wow, this sounds amazing, so I can actually benefit using this format and more likely if the trade is future trade, because I Really want to learn more about having long term trade. Maybe is because I was so quick to make gains  or even make profits where am totally out of investment ideas of BTC

You should know it’s not as easy as you think, and future trading is so risky, if you are a newbie, don’t even go close to future trading, because their is high chances of losing money, people might be talking about future trading, and you will think it’s so easy, but if I will be honest future trading is not easy, if you are planning to trade as a newbie, it’s just better you trade on spot, and avoid futures.

If you are trading futures, you might end up getting liquidated, and everything you have will be gone, but if you are trading on spot, as long as you are not trading all this shit coins, then you won’t  be losing all your money in a trade, you can just lose some percentage, and you will still be left with some money that you can continue trading with, but when it comes to future, immediately you get to liquidation zone, all the money which you used in entering the trade will be gone.

[Asiska02]

Wow, this sounds amazing, so I can actually benefit using this format and more likely if the trade is future trade, because I Really want to learn more about having long term trade. Maybe is because I was so quick to make gains  or even make profits where am totally out of investment ideas of BTC

Don’t be so confident that if you jump into futures trading you’ll never lose your money you’ve invested into it. Just like how spot trading you’re familiar with has its ups and downs, so it futures trading and in this case, futures trading is very risky to engage into than the spot trading you’re already familiar with. In futures trading, you’re either getting your predictions right and winning more money or you get the prediction wrong and your money is going until it gets liquidated all.

This is unlike spot trading, where it’s only the value of your bitcoin that reduces, but the actual bitcoin still remains and the value will increase back when the market begins to appreciate. Spot the difference between them and only take actions on them base on what you’re able to risk and be comfortable with losing it in futures trading. While also using only money you can afford to spare into spot trading because if you did not sell, you’ll still get your money back when the market appreciates again.

[kawetsriyanto]

Price can bounce or recover after a fall but it can fall deeper and this makes trading is very dangerous for traders. People can lose money by buy high, sell low with FOMO but they can also lose money by buying in dips and panic sell in deeper falls.

There will be always 2 possible directions. It will drop more or it can bounce back after the drop. Professional traders can analyze the factors that can lead to the 2 possible directions. If it looks like to bounce back, we can start buying to prepare the next pump. Meanwhile if it is likely to drop more, we need to wait for the lower price for buying.

Anyway, we can avoid following FOMO if we master technical and fundamental analysis. It is because we can do it alone, why we must follow FOMO? That's why knowledge is important in this matter.

Traders need not only money but some others like knowledge, experience, discipline and very strong mentality to make sure they know what they are doing in the market, and how they control their emotion, decisions for entries and exits, buying and selling.

Of course. We must have sufficient knowledge, strong mentality, disciplined and have enough experience to trader properly. These things actually the factors that can lead the success in trading. The big amount of capital won't guarantee anything. If we have lack of the capabilities, we may only waste money in trading. Well, controlling emotion is a must. It is a part of strong mentality. If we still get difficulty to deal with our emotion, it means we have weak mentality.

[tabas]

To gain profits when crypto is dropping is very simple and common as well, i have two patterns in which we can use to determine for this.

1. You can be profitable as the market is falling and then you're taking advantage of buying the dip and investing, then you hold for the time being before it start to rise.

2. You can also be profitable when the market is falling by being a trader, whereby all you do is in taking short positions, but you must have seen it that the market is with all indication to be going down than rising.

And for both of this, in my experience. It's more profitable to become an investor in these times when the market is falling. The accumulation in the falling times is great because that gives the better stack when cheap price of Bitcoin is there. We don't see it at most times when the price aren't that much. This time, we're seeing all time highs and this is what most of the people like to buy, when the price are moving at the top and no idea when it's going to be in the peak. But when the price are dipping, they don't wanna do it because they're demotivated for the price is going down and they think that BTC is going down forever. It's an emotional battle per individual.

[Mario0]

You don't need to be depressed because of the price of Bitcoin dropped in the market, that's the reason why people doesn't like to panic whenever they invest because the price of Bitcoin most definitely increases, for me when investing in cryptocurrencies or any other investment you have to invest with your spare money because if you don't invest with your spare money in bitcoin it will really affect you any time you invest, we have to understand that investment in bitcoin is supposed be with a money that you didn't plan for, because bitcoin investment it need a patient, if you dont exercise patient in bitcoin you will be depressed when the market falls but someone who had the experience before will not bother

I don't see anything that is depressing about the price of Bitcoin coming down because even you are holding I don't think there is anything wrong if it comes down and the best thing anyone can do when the price comes down  to buy more and the more you buy you are gradually gathering more asset and this how people with focus behave.

And not complain or even fall into depression because there is no way the price will not go up so the best thing will be for everyone to hold for a long time and that is the only way that it's going to be beneficial because when you hold for a long time there will also be drastic change in the price so this is more reason why i will suggest people should hold for a long time.

[tech30338]

You don't need to be depressed because of the price of Bitcoin dropped in the market, that's the reason why people doesn't like to panic whenever they invest because the price of Bitcoin most definitely increases, for me when investing in cryptocurrencies or any other investment you have to invest with your spare money because if you don't invest with your spare money in bitcoin it will really affect you any time you invest, we have to understand that investment in bitcoin is supposed be with a money that you didn't plan for, because bitcoin investment it need a patient, if you dont exercise patient in bitcoin you will be depressed when the market falls but someone who had the experience before will not bother

I don't see anything that is depressing about the price of Bitcoin coming down because even you are holding I don't think there is anything wrong if it comes down and the best thing anyone can do when the price comes down  to buy more and the more you buy you are gradually gathering more asset and this how people with focus behave.

And not complain or even fall into depression because there is no way the price will not go up so the best thing will be for everyone to hold for a long time and that is the only way that it's going to be beneficial because when you hold for a long time there will also be drastic change in the price so this is more reason why i will suggest people should hold for a long time.

bitcoin proves time and time again that its the best investment you'll ever made, you can do futures if you want to get profit when bitcoin is down, or like what you said buy bitcoin when the price goes down adding more, but if you are just trading and want to profit with less budget that will be very hard unless you do other trades aside from bitcoin,
again budget is needed, there are really times where bitcoin dips and if you can't control your emotion then it will be a loss.

[AYOBA]

Please is long I'm trying to learn about crypto generally but I don't seem to understand most things as if am left out. I leant that even though crypto market is going against you can still make gain out of the situation because to me am only experiencing lost and depression. Please what do I do whenever the market is experiencing deepening? Is there a way to reverse your trade or investment at that point that will make you gain instead of lost?

As long as you've joined this fantastic forum, you'll learn everything there you like to know about crypto, including how the cryptocurrency market operates. However, keep in mind that crypto needs a lot of attention and respect from the crypto market, as well as education. Nothing will ever go as planned if you don’t have background knowledge of cryptocurrency.

That is why knowledge and patience are so vital with cryptocurrencies. I don't think there's a way for people to earn profits when the price of crypto lowers, because every coin can lose value when the market crashes; nonetheless, people profit by accumulating their coins as the crypto market drops.