Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MUGNIA on July 04, 2022, 12:56:17 AM
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
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We still do not know for sure what is the bottom price of Bitcoin and other top alts in the market...for sure we are in the middle of the crypto winter though in terms of adoption there are many good news on the horizon. During winter time, I am usually doing nothing...certainly am not buying anything because in many cases an hour after I bought something the price will be declining more and it can be so frustrating and of course the best way to make our money evaporate. So I just pretend that nothing is happening while wishing that we can all get over this period...which we know is not something new on this industry as this has already become like a big cycle.
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the market goes down I don't do much in buying and also in selling I hold when it goes down because it's only the value of the asset that goes down not the number of coins
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Just hold and wait what happens.
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Stay put with what you have invested.
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Even when the crypto markets are falling, there are opportunities if you know where to look. Where others see a dark and cold crypto winter, keen investors see a new window of opportunity to get their favorite assets at a discount and turn a profit.
· “Buying the dip” is a popular way for traders who felt priced out of previous gains to get into the market or increase their positions.
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Even when the crypto markets are falling, there are opportunities if you know where to look. Where others see a dark and cold crypto winter, keen investors see a new window of opportunity to get their favorite assets at a discount and turn a profit.
· “Buying the dip” is a popular way for traders who felt priced out of previous gains to get into the market or increase their positions.
Of course, at this current market, buying.the.dip and starting to hold is the best way to do.
I think It's good way to gain big profit for the next year when the market will bullish again.
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I avoid watching the market regularly because I do not want to take tension because I know after some days market will recover and just hold my coins patiently. If you are a trader you can make money by trading if you are good at analyzing the market moves.
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Sometimes it pays to stay calm and do nothing. Fluctuations are natural in the crypto market because of its high volatile nature so the downtrend really doesn’t bother me anyway.
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When the market is down, I just simply hold on to my Bitcoin. I have done DCA with Bitcoin since May 2022 and I have no plans to sell at a loss because I am building for long-term, something that I didn't do before when it was still very cheap.
On top of that, I simply am hungry in getting more side gigs from various crypto opportunities to make up for my losses and to continue me afloat and stable.
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Market down is not new again. In this bearish market era, we are better to stay patient, not panic, and with certain consideration. DCA is one of the good ways to do this during this market down because we don't know exactly when is the dip. COllecting more Bitcoin or top trusted altcoins may be helpful for long term holding until the next bullishera may be coming.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
Trading is still profitable, a beginner who doesn't understand how to analyze when trading will be confused because they always see a red chart every 2 hours or minutes, traders who already have a lot of experience will place orders according to the entries they want and they will choose a lot of coins to trade.
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You can trace these trends back to 2017. Bitcoin rose to new heights with FOMO and increased adoption rates being the driving factors. But after touching new heights in 2017, it settled down and slid to low levels. Though nothing similar can be claimed for this rally, speculations are there that the patterns will repeat.
Whatever might be the trends going forward, one thing to note is: Bitcoin has always pulled through and made new benchmarks after hitting low levels in the past.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
Just hold and If you have free money you can buy and hold.
I think It's good way to during the market downs.
We must have good idea and also good analysis to do.
Because It's more risky
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When market is down the best practice would be to watch the markets!!
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Your words are true. At this time every member of crypto is at a heavy loss. Because the crypto market used torecession. But this time this recession is going on for a long time. That's why everyone is upset. And surprised. Due to the economic slowdown, people are selling their currencies cheaply. I have to say to all. Have some patience. In this recession, you can deposit as much top currency as you can. Do it The boom of the crypto market is certain. Whenever the market rises. You can compensate for your losses by selling your currencies.
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Crypto market will recover again, But It will happen until the next year 2023.
When the market downs, I think buy more and hold is good to do.
I agree with this opinion.
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When the market is down, I look for coins which seem to be profitable in the future. Does the coin hold a chance of recovering and making a better price after the crash? I check the security of the coin’s network, and do a thorough research on every required aspect. Then, if I find it suitable I increase the holdings of my coin, or buy a new coin.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
If you know what you are doing and consider yourself a good trader, yes, there are still people in the crypto market that are trading and making profits from a bear market. The problem is that some of us think you have made profits only when it is huge but in trading/Scalping, even a 3% profit is good if you can continue to do this daily or a couple of days a week.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
Crypto market seems recovering again now, I think crypto will have bullish on at August this year.
No matter , when market downs, because it's bearish season.
It will continue until 2024.
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The first lesson when trading or investing in cryptocurrency:
Never only expect high profits.
There will be always risks to crypto investment.
One of them is this, the declined market situation.
But, if you are calmer and patient enough, believe that someday you will meet the bullish era where everything is increasing significantly.
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The first lesson when trading or investing in cryptocurrency:
Never only expect high profits.
There will be always risks to crypto investment.
One of them is this, the declined market situation.
But, if you are calmer and patient enough, believe that someday you will meet the bullish era where everything is increasing significantly.
Additional advice, it would be nice to start by choosing coins that are already popular, and try to buy gradually. Now because of the current bear market conditions, this can be said to be the right step for the buying stage. Of course the intended goal is for the long term. And the last one is always updating the news and researching the type in action.
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Of course, many traders experience losses during bear markets but there are some who take advantage of situations like this to be able to buy crypto at a low price to use as a long-term investment. This cycle has happened several times and experienced people will be more careful when investing in a bear market
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When the market goes down, I put my coins on hold and trade them with short term investments and focus on maintaining my wallet.
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When the market goes down, I put my coins on hold and trade them with short term investments and focus on maintaining my wallet.
I think trade in short term is good way to do when the market goes down.
But we must be careful, because at bearish the crypto market is high volatile.
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For holders when the market is down they can only hold the coins patiently if they can otherwise we know loss is inevitable. Most of investors took the benefit when the market is down they bought the good coins on the dip and sell it later when they rise but for that, you must have some spare money otherwise a holder can wait only for the bull market and trading is more profitable in the bull market because in the bull most of the coins move whether you can say shit coin or good coin but in the bear market, good coins also decline.
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Good products and coins also fall, but it tends to bounce back quickly...some even show impressive growth in the bear market.
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Sometimes affected and a little bit worried for the coming days to provide all my needs. Crypto is one of the source of my daily living. Once the market is down worries would be mine. For staying in crypto I noticed that after bearish pump is the next exciting part. Surely pump will happen at the right place and right time. Chill and calm while do more investment if possible.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
Even though the price of coins in the market is not moving well today, each individual trader can still make a profit depending on their ability and strategy that they have here. But if you are lacking in knowledge, there is a high possibility that you will lose or lose when trading in cryptocurrency. That's why as a trader you must be ready to face the risk that you can lose when you least expect it. Just be strategic and understand the dynamics of this industry.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
No one also didn't know how low the price of bitcoin, exactly when and where the bottom of bitcoin and altcoin during bearish season.
But I think It's good time to add our coun collection.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
When the market down, I think It's good time to buy
That's right
Buy when low and sell when high is the basic way to invest in crypto currency, But we must do at the right time.
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Holding is the best way at the time of bearish market. We should avoid panic sell and I believe that panic sell is the reason to lose our valuable money. Strong hold can bear good profit. So, we should hold patiently until market is starting to rise again.
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Doing DCA and analyzing the market is a good thing to do and it is proven to be very profitable if both are done during a bear market. in addition to selecting potential coins and maintaining money management
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If it's bearish you can go short in futures like what I did until now. No one is harmed if you can analyze the market. I do not recommend trading in futures. Only spot if you want to be safer
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A declining market is a necessary condition for continued growth in the new cycle. It also gives investors the opportunity to buy good cryptos at very cheap prices, like BTC, ETH, BNB, FTT. Just stay away from junk tokens, investors can achieve profits after 3-4 years.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
Maybe you will encounter a lot of losses if you lack knowledge in crypto trading, because if the veterans in this industry are struggling to make a profit, how much more if you lack ideas about this matter, right?
But if the market is down, I don't do anything else but look at the price of the top listed coins on coinmarketcap because it's sure that the previous high value is now very low, and that's when I'll decide to buy for sure like BNB, ETH, XRP, Matic and others.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
When the market down, I think It's good time to buy
That's right
Buy when low and sell when high is the basic way to invest in crypto currency, But we must do at the right time.
where there is currently a decline,there is clearly an opportunity for all to be able to buy and hold it for a certain period of time so that when the changes start to come back then all those who have been patiently holding back will enjoy the best time to make profits.
buying top-ranked coins is the best option, BTC, ETH, BNB, that can be done right now.
It must also be remembered that usually drastic changes will come after the halving period because this is the character so far, and it will happen again.
it is not easy to be able to buy and hold for quite a long time, because the funds absorbed there will settle by itself.
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Buying bitcoin and Ethereum is a great opportunity to save your savings and even multiply over a long distance. But I wouldn't rely too much on altcoins that have a centralized issuer.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
What I do when market down, I think we can do short trading and buy more for hold.
Yeah, of course hold for long term investment, but it depends on your fund.
Because hold is always need more free money
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Crypto market is always up and down trend because crypto is high volatile and always depends on bitcoin trend.
As we know current market is bearish, It will continue until the next year.
I think It's good time to buy.
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Many projects have now lost 95-98% of their value, a good time to buy. Long-term investors don't care if AUG is up or down. in which i had seen that most people on the market had expected for it to be a good one but it do goes on opposite direction on what we are anticipate but well its a very common.
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It depends on the trader how he behaves in this market. Many traders make good money when others get loss. And it also depends on a coin in which he has Invested. If it's fundamental is good then he don't has to be worried.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
keep hold and wait when the market is down.
I think It's the best way to do.
I also buy several potential top coins for hold, because I think crypto will recover again soon.
At bearish, always good to buy more and hold.
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Every trader has a skill that they have had for several years, maybe we see the price of Bitcoin go down, but if we see the price increase, in 1 day Bitcoin goes up more than $1k usd, that's a big profit.
Every trader will choose multiple portfolios because they prefer short trading over long term.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
When the crypto market downs, I think we can do short term or medium term investment, to gain profit to fulfill our needs.
But If we have free money, maybe we can buy and hold for long term BTC, ETH, BNB, ADA, SOL and other.
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None of us know the exact truth what will happen. Me? I’m in this for the long run. I’ve got a fair few coins to be told. I believe in the technology and what the future holds.
Go back to the 80’s when the Internet started???? You had the lovers and haters back then.
“It will never work”
“What the hell do we want that for”
“ bloody waste of time”
“ internet? Whatever!!!!”
Look at it now. We couldn’t live without it.
I believe that hard currency (dollar/pound) etc will be gone in the future and we will all be living with a digital currency. Just my opinion.
All we can do is hold and see what the future brings.
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I think pump and dump will always in crypto market because crypto currency is unstable and always Hugh volatile.
When market dumps, I think we should be patient and wait.
Because crypto will recover again soon.
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I think pump and dump will always in crypto market because crypto currency is unstable and always Hugh volatile.
When market dumps, I think we should be patient and wait.
Because crypto will recover again soon.
Agreed, we always see pump and dump.
Even at bearish season, we will see long dump.
But that's just circulation and will bounce back after bitcoin halving.
Keep patience.
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the market is down I'm just making observations, not buying and selling first, if the market feels stable I'll take some coins to invest and do some research first
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the market is down I'm just making observations, not buying and selling first, if the market feels stable I'll take some coins to invest and do some research first
At bearish season , better to buy more and collect the potential coins or tokens mate.
But it depend on your analysis.
If you just making observation and wait, up to you.
But I still buy and sell at the right time.
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When the market goes down, I reduce trading and be patient. When the market goes down continuously, then his portfolio also gets reduced and he also has to save. Because no one knows what the market will handle, only speculations are made.
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Cryptocurrencies are so uncertain that it is difficult to predict what will happen. If its future was known in advance then people would not have faced huge losses. It is not known when the market will be like but if something very bad happens there is a direct impact on the market.
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When the market falls, I try not to do anything, but always have a stock of stable coins in case of purchase at attractive prices.
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the market goes down I don't do much in buying and also in selling I hold when it goes down because it's only the value of the asset that goes down not the number of coins
The very same thing is done by me. The fact is you need to understand the market very well and act accordingly. Never go for some words being said by someone who do not know anything about cryptos. Do not go for the hype.
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I don't usually listen to anyone. No one sees the future and it is difficult to predict the market- which is not even regulated
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Someone is lucky. ;D
One of the most popular crypto platforms in Australia, Crypto.com, accidentally transferred 105,000 more funds to the client than it was obliged to - the error was found after seven months
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When the market is down, the best policy is to hold onto the coins. The market is quite volatile, which is why it is a wise move to stay calm during a bear market.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
Yes this is a fact but the only solution of this is taking profits regularly to maintain your dollar and second is (dollar cost averaging strategy) DCA it says don't buy all the currency at once but buy in parts and so you can service in the bear market .
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When the market is down it gives several opportunities to those who have extra funds to invest and can make a profit by them later even some traders make money in a down market also. When BTC stars drop small traders avoid taking risks by investing. Most of the traders wait for a stable market and in a down market can do partial buying. If one has no extra funds for buying then he/she can wait patiently to recover the market.
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Talking about profit and loss when the market goes down is of course very relative. day trading investors who have expert expertise can of course still see the potential profits that exist. they know when they will start trading. the coin may drop a few tens of percent, the market will then rise again, even though it was below the previous ath price. overall the coin is experiencing a decline in price, but trading profits is another matter.
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When the market falls, most investors invest in projects to increase profits for a long-term investment. There is a situation in the market now when you need to invest in the market for a long-term investment.
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Just hold your coins. We do n’t know how much the prices will go up. If you feel, you can’t bear further losses. You can sell them.
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Just hold your coins. We do n’t know how much the prices will go up. If you feel, you can’t bear further losses. You can sell them.
Selling is not the best idea right now. Just many manipulators want weak hands to unload in order to gain a large position and continue to grow.
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Yes, it's true. That at the moment, the market is going down. But I think That it is not a matter of concern. Because in any market, volatility is a common thing. This is the time to be patient and invest. Because in no time, the market will reach the peak level. And shine like stars.
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in such cases, it is necessary to have steel endurance and just wait for better times, but you can still try to trade futures, but this requires experience... in any uncomfortable situation, a good trader will find a way out of the situation.
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Selling is not the best idea right now. Just many manipulators want weak hands to unload in order to gain a large position and continue to grow.
Selling for loss shouldn't be done, it is better to hold. But if selling for profits, I think it is no problem. Sure many manipulators are trying to dump and pump the prices of crypto coins. It is hard to avoid them because what they do sometimes really bring significant impacts. So, we must be ready to deal with dump-pump caused by manipulators.
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Of course I will hold and stake on a trusted platform, many of my friends trade Futures but some of them lose, some are profitable, for now I am waiting for a lot of news from the SEC, about the interest rates they will report, it's better to wait rather than loss or loss when selling.
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What you can do when the market starts to fall, of course buying coins is the most profitable solution, if the market continues to fall, double the first purchase and so on. This is all done in order to cover losses, these investments are for a long-term investment.
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if the market is constantly falling and you are buying more in an attempt to average-you may run out of funds before the market stops.
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What you can do when the market starts to fall, of course buying coins is the most profitable solution, if the market continues to fall, double the first purchase and so on. This is all done in order to cover losses, these investments are for a long-term investment.
Obviously this method requires quite a lot of funds because the down market situation will last a long time and it is likely that it will last until the next halving period. it's better to buy when the market is saturated and reach the lowest point in your opinion and not to continue to make purchases if the funds you have are insufficient.
always be able to properly respond to the current situation because it will happen for quite a while.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
I think the best option hold your cryptocurrency and also wait when the market condition is good. When market situation is better then hold cryptocurrency convert into profit. Hold is Gold (DYOR)
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It is difficult to guess when the market will stop and this will be its extreme point of the report on the increase, it is better to start buying now and increase your purchases if you fall.
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When the market is down I convert most of my portfolio to stablecoins and invest the rest. Because the time of dip is the best time to enter the market. At this time we can buy top coins if we want. Because they are more likely to be pumped and more likely to profit from them than other coins.
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When the market is down - i'm normally looking for new projects with incentivized testnets or any activity, From last was Amulet Protocol with their Amunation Programm. Hope when bullish - they show many X and profit ;)
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During the period of market decline, it is unnecessary to rush to invest in new coins that have just entered the markets, it is best to invest in old projects that are already well-known to everyone. Since this will bring you a stable profit.
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During the downturn of the crypto market, it is better not to rush to invest at all, but to observe and have free funds to start buying in the event of a market reversal...which is very difficult to determine.
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I don't think it's a good idea when the market is falling, of course it's unnecessary to rush to invest, but in such a market that is falling and has greatly reduced the price of projects, you need to buy.
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then when the market goes into bear and all the altcoins drop in value we need to keep our earnings and temporarily exit stablecoin waiting for the market to improve, obviously bitcoin must be kept regardless of market conditions
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Watching the market from a distance is the best option in the bear market: Any wrong move can be destructive. It took me several years to be patient and maintain a proper psychology. I have learned that the market cannot remain the same, it’s ever changing. Some days can be in favour and some days might not work for you. In such situations you have to simply focus on holding rather than panicking.
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Extremely red market condition and negative sentiments among enthusiasts in the space? That's a perfect time to play games, watch movies series and visit friends and relatives if I'm opportune to do so. Sometimes I just focus on learning to code in red market condition.
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The best I do when the market is red, is to wait and have fun with my family. You know that all works without play makes man very weak. Again, I also check on the market frequently to see some quick bounce that I may do some scalping. The market some times bring some surprises, a bounce and then, the dump. I take advantage of the market dip to also buy, and sell at little relieve pump.
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The best I do when the market is red, is to wait and have fun with my family. You know that all works without play makes man very weak. Again, I also check on the market frequently to see some quick bounce that I may do some scalping. The market some times bring some surprises, a bounce and then, the dump. I take advantage of the market dip to also buy, and sell at little relieve pump.
Trading by scalping is indeed very good and precise, but it should be noted that coin price movements do not always go up and sometimes they can collapse instantly, so when doing scalping it is necessary to monitor and not stay with other activities.
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Agreed the market is not friendly, so your best bet is to get busy with farming and degen yielding. Unfortunately my wallets were hacked so I cannot do much of a farming these days
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There's nothing difficult to find entertainment when the market is down, let's dance guys!
When the market is down I do it by looking for a real job, and that is my best way to find funds so that my life is fulfilled.
I can't stay in the cryptocurrency space if the market continues to fall and can't be conditioned because I'm also sure that the funds are not just cryptocurrencies.
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as we know, the market conditions are not friendly, the decline in the price of bitcoin that never stops. I don't know how low it is.
What I want to ask is whether traders can still make a profit, are traders currently experiencing a lot of losses?
In my experience, the best thing I do now to wait for the market condition good. There is too risky for investors who will be trader. The market is red and also I think continue this year. If I get profit from this bear market to hold good altcoins when market situation is better than I will take profit from holding (DYOR)
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In such a market , sometimes the best strategy is the absence of a large number of transactions . Being out of the market and having a cache is also right)
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When the market is down, the best thing to do is to stay calm and not panic. Many people sell their crypto when the market is down, but this is usually not a good idea. The market will always go up and down, and if you sell when it's down, you'll miss out on the rebound.
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Watching the market and doing nothing is sometimes the best strategy at a certain moment
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When the market is down, the best thing to do is to stay calm and not panic. Many people sell their crypto when the market is down, but this is usually not a good idea. The market will always go up and down, and if you sell when it's down, you'll miss out on the rebound.
Keep calm and don't be panic, I agree with this.
I think it's good way to do during crypto market downs.
I always monitor and focus on research and buy several potential altcoins.
We know buy no when bearish and hold are the best way to do.
Crypto will always be have bearish and bullish season.
So Do investing at the be right time.
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When the market is down, we should think about how to keep our assets safe without thinking about our profit. When the market is down, one should not invest again, but if someone wants to invest for long term, they can. I convert my assets to stablecoins in the time of dump. But you can't panic at this time because if you panic you can make wrong decisions. Because the market is pumped after the dump.
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When the market is down, we should think about how to keep our assets safe without thinking about our profit. When the market is down, one should not invest again, but if someone wants to invest for long term, they can. I convert my assets to stablecoins in the time of dump. But you can't panic at this time because if you panic you can make wrong decisions. Because the market is pumped after the dump.
how simple everything is in your advice, everyone should follow them and be rich)... but everything is much more complicated in reality.
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For example, I invest in HIGH RISK defi products that bring me a return of 1.5% - 2.5% daily. Of course, I only invest small sums and only what I don't really need.
I mean, 2.5% per day with monthly compounding turns even $100 into a fortune of about $80,000 in one year!!
Incredible, isn't it?
I invest in several such projects, if only one stays alive by 2023 I will have doubled my investment.
Anyone interested can send me a DM.
Don't forget, HIGH RISK, but also High profit!!
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For example, I invest in HIGH RISK defi products that bring me a return of 1.5% - 2.5% daily. Of course, I only invest small sums and only what I don't really need.
I mean, 2.5% per day with monthly compounding turns even $100 into a fortune of about $80,000 in one year!!
Incredible, isn't it?
I invest in several such projects, if only one stays alive by 2023 I will have doubled my investment.
Anyone interested can send me a DM.
Don't forget, HIGH RISK, but also High profit!!
It's great and you're right that you need to invest in something that will not affect your financial condition at all in case of loss...but it is important to understand that this is comparable to trading futures with leverage, only in the case of futures you either lose or earn a lot at once, in the case of staking it is stretched for a year or more in case of an unfavorable outcome...you can multiply your fortune several times in the first year and then lose everything in an instant.
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For example, I invest in HIGH RISK defi products that bring me a return of 1.5% - 2.5% daily. Of course, I only invest small sums and only what I don't really need.
I mean, 2.5% per day with monthly compounding turns even $100 into a fortune of about $80,000 in one year!!
Incredible, isn't it?
I invest in several such projects, if only one stays alive by 2023 I will have doubled my investment.
Anyone interested can send me a DM.
Don't forget, HIGH RISK, but also High profit!!
It's great and you're right that you need to invest in something that will not affect your financial condition at all in case of loss...but it is important to understand that this is comparable to trading futures with leverage, only in the case of futures you either lose or earn a lot at once, in the case of staking it is stretched for a year or more in case of an unfavorable outcome...you can multiply your fortune several times in the first year and then lose everything in an instant.
Sure, it's comparable, but my actual work on this is maybe 1x per day, spending 5 minutes at most compounding the rewards. Depending on how long I've been doing this and what my strategy is, I can also take the rewards as passive income. And that's exactly the goal of the whole thing, to earn passive income.
Everyone is responsible for themselves what they do with all the money, I will continue to invest in the individual altcoins so that I am prepared for the next bull run by the end of 2024
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then when the market goes into bear and all the altcoins drop in value we need to keep our earnings and temporarily exit stablecoin waiting for the market to improve, obviously bitcoin must be kept regardless of market conditions
I am the one who saw other crypto traders move their assets to stablecoins if they know they have a profit, and others do day trading or scalping, in addition to that, others if they have money over their budget is buying cheap coins or tokens whose price has fallen in the market and then they hold it for a long time or even years from others, it just depends on them.
So with the style, I'm doing, I think it's good to do day trading anyway because I get a decent income from it and there are a lot of people doing this method here in the crypto space.
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then when the market goes into bear and all the altcoins drop in value we need to keep our earnings and temporarily exit stablecoin waiting for the market to improve, obviously bitcoin must be kept regardless of market conditions
I am the one who saw other crypto traders move their assets to stablecoins if they know they have a profit, and others do day trading or scalping, in addition to that, others if they have money over their budget is buying cheap coins or tokens whose price has fallen in the market and then they hold it for a long time or even years from others, it just depends on them.
So with the style, I'm doing, I think it's good to do day trading anyway because I get a decent income from it and there are a lot of people doing this method here in the crypto space.
And there are those who participate in ambassador programs, testnets and put nodes.This is also a kind of activity
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Of course, it is the right decision to transfer to stable coins in order to then invest at low prices when the market falls even lower. And one more thing you need to know is you can't rush to sell when the market is falling.
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When the market keeps dropping one should not do panic selling. I don't panic when the market drops because experience teaches me to remain patient because there is no use in panicking it will only cause you loss if you sell in the dropping market. Experienced traders don't trade all the time they also check the market condition before taking any trade.
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Intraday traders trade constantly and in any market.Another thing is investing-it can be said a kind of trading, but with different goals, risk / money management and planning horizon.
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If I still believe in the project then I buy up more at discount pricing!
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HODL if I trust the coin, avoid panic selling, use it as an opportunity to buy in. Trading on a shorter time frame can also work if one wants profits in the foreseeable future.
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When the market is down, I do four things:
1. Review my portfolio and make sure my investments are still in line with my goals.
2. Take a step back and look at the bigger picture. What's going on in the world that could be affecting the market?
3. I look for opportunities. When the market is down, there are usually some good deals to be found.
4. Stay calm and remember that this is just a temporary dip. The market will eventually recover.
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When the market is down, is given another opportunity to buy, because the price is still cheap at that point in time, while given advantage for a stable coins holders to make an a new entry points as the case may be for a scalp traders.
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When Terra Luna fell, many people also bought and averaged. As a result, they were left with nothing. A similar thing is happening with FTT and it is unclear until the end whether it will be able to fully recover.