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Author Topic: Should I stop trading in this bear market?  (Read 11224 times)

Offline yousufatik

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Should I stop trading in this bear market?
« on: December 06, 2018, 11:02:26 AM »
Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 4k USD, ETH is now 110 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?

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Should I stop trading in this bear market?
« on: December 06, 2018, 11:02:26 AM »

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Offline b-day38

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Re: Should I stop trading in this bear market?
« Reply #1 on: December 06, 2018, 11:39:15 AM »
Yes and its the best thing that we should do is stop and wait for the market to recover because if we force to involve in trading today we might be losing some of our investment capital due to continuously drop of crypto currency market today.
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Offline dragononcrypto

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Re: Should I stop trading in this bear market?
« Reply #2 on: December 06, 2018, 11:41:50 AM »
Unless you're shorting the market, you're almost certainly going to lose money. Trading long is for bull market, trading short is for bear markets, at least based on probability of success, this is how you should trade markets based on their conditions. That said, if you can catch an oversold bounce from Bitcoin in the near future, it could be worth 50%+ profit to the upside. This is what I'm waiting patiently for, hopefully from the 200 Week MA level at $3k.

Offline zilzylian

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Re: Should I stop trading in this bear market?
« Reply #3 on: December 06, 2018, 11:46:43 AM »
It's hard to make a profit when the crypto price is down.
Trading when the market went down made me panic.
Retaining coins is a good idea, but I have to keep looking at the price of the coins that I hold and always see the market volume.

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Re: Should I stop trading in this bear market?
« Reply #4 on: December 06, 2018, 01:37:01 PM »
I think, it's up to you, because with the current market conditions it will be very risky to trade, if you don't have good knowledge and experience then you will lose

Offline TripleVodka

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Re: Should I stop trading in this bear market?
« Reply #5 on: December 06, 2018, 03:16:49 PM »
Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 4k USD, ETH is now 110 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?
If you still confused with this market's situations, I'm really suggest you stop it in some time untill you thinking if that is the best market fo ryou.
If you still continue this trading activity, I believe you will be stress and lost a lot of money. I hope this situation will be better and all crypto lovers will be feel more happy.

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Re: Should I stop trading in this bear market?
« Reply #6 on: December 06, 2018, 03:36:31 PM »
It depends on how you can see the chance to gain profits. If you think you have no chance to earn profits in this time, so it is better to stop. But some people still gain profits by taking advantage of the big price gap during bear market.
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Re: Should I stop trading in this bear market?
« Reply #6 on: December 06, 2018, 03:36:31 PM »


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Re: Should I stop trading in this bear market?
« Reply #7 on: December 06, 2018, 04:09:46 PM »
Those who bought before, despite the fall of the market is now in the black.They do not care how much the market has fallen now,which can not be said about those investors who bought at the beginning of the year.
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Re: Should I stop trading in this bear market?
« Reply #8 on: December 06, 2018, 04:17:45 PM »
Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 4k USD, ETH is now 110 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?

If you are only a trader and not a bounty hunter, go for a break, stay away from crypto this period until the market gets off this current situation. After this period, you can come back. But if you are also a hunter, remain with the hunting before the recovery takes place.

Offline Hamza Pawel

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Re: Should I stop trading in this bear market?
« Reply #9 on: December 06, 2018, 04:19:44 PM »
if for now I'm still trading on the market even though the price has gone down very far but I'm still excited, if you have great determination in trading, I suggest don't stop. The simplest trick in trading if you want to profit is to be patient and buy when the price is cheap then sell at a high price.

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Offline Arybes

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Re: Should I stop trading in this bear market?
« Reply #10 on: December 06, 2018, 04:42:34 PM »
In my opinion,
If you are only a trader and not a bounty hunter, go for a break, stay away from crypto this period until the market gets out of the current situation. After this period, you can return. But if you are also a hunter, stick with hunting before the recovery takes place.

Offline khufuking

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Re: Should I stop trading in this bear market?
« Reply #11 on: December 06, 2018, 04:46:21 PM »
Short-term trading can be done whether the market is bearish or no bullish it doesn't really matter, there is a lot of money still to be made if you are just trading, also to be honest even with long-term trading is profitable with this prices, ya the prices might still get dip more but prices are already 80%- down so who really cares if it dipped a little more the bounce from this huge dip gonna be huge mark my words.
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Offline kenning

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Re: Should I stop trading in this bear market?
« Reply #12 on: December 06, 2018, 04:49:50 PM »
Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 4k USD, ETH is now 110 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?

From what i think either you cash out everything to fiat and leave crypto market or shift your focus to long term which is at least 2-3 years and i strongly believe the market will recover by then.

Offline zgrdyg

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Re: Should I stop trading in this bear market?
« Reply #13 on: December 06, 2018, 04:58:54 PM »
I think in this market only thing to do (if you are cold blooded) is to keep trading, thats the only action can make you earn some money. Or wait for the storm to pass for indefinite time.
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Offline saprakib

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Re: Should I stop trading in this bear market?
« Reply #14 on: December 06, 2018, 05:46:58 PM »
I think its time to realize the market well. Just keep n touch with market and make experience from that .It will help in the future to do good trade.
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