Things To Do When The Market Is RED

[TomPluz]

I am sure that all of us had been newbies too and there are smilar emotions that many newbies may feel when the market is very RED just like now in the month of August. Back to the time when I was just new to crypto, I used to be clicking the site of CMC and search for my portfolio to see if the price was going up or down. On those days, it can be easy to panick as we know that the market is very volatile...in a matter of seconds and hours the market's direction can either go south or north.

So what can bew your best advice to newbies during the time of red waves? Hear are some of my opinions:

1, Don't panic as the market will eventually correct itself...so do not sell your portfolio instead be brave and add some more as the price is lower than before.

2. Don't listen a lot to FUD but stick to your goals and plans...never be distracted by any bad news on the market because days after those news will be changing.

3. Just sleep and take some time off...eventually things will go green and it is beyond our power to control the market...only whales can do that and we are just small fishes in the big ocean.

[Charles-Tim]

If the market has fallen and you have sold your coins, you can start to DCA. If the market fall but you still have some coins, you can continue to DCA. But that is if you have money to spare for it.

Another thing to take note of are altcoins. I warned a lot of people recently that they should be careful if these altcoins. See what that happened.

[Aanuoluwatofunmi]

If the market is red, we are not expected to sell at this moment, but instead we can either choose to invest into the market or hold our asset if we have already invested, some of the sentiments seen may not last longer before seeing that they have changed and if care is not taken, we may rush into making a hasty decision which may leads to lose on our crypto investment assets at such period.

[Sim_card]

Being patient with the market is very important and that is why everyone is advised to invest in bitcoin and hodli for long with an amount that you don't need to use because it is an asset that needs patient. This is the best time to add more bitcoin to your portfolio in discount price and not a time to panic and sell. You didn't sell when your portfolio had profit, why will you sell now when your portfolio is reducing in size. It is a norm to see such dips and that is why when you are investing in bitcoin expect the unexpected in the market.

[Z-tight]

If you are holding BTC's and the market tanks, i believe it is the time to accumulate more if you have the funds. I admit that doing this is easier for people who have spent longer time in the network and have seen price corrections happen so many times. For weak hands and newbies, it may be difficult to do, but at least, just hold.

[Lucius]

If you are holding BTC's and the market tanks, i believe it is the time to accumulate more if you have the funds. I admit that doing this is easier for people who have spent longer time in the network and have seen price corrections happen so many times. For weak hands and newbies, it may be difficult to do, but at least, just hold.

People panic when they see that their investment has lost only 5%, what just happens in their heads when they see that they "lost" 15% or more in just 24 hours? We should always keep in mind that it is only an "unrealized loss" because until we sell the coins we are not actually in a real loss considering that sooner or later the market recovers when it comes to Bitcoin and most altcoins.

Someone who was watching the price of BTC just a few hours ago was wondering if it would drop below $50 000 again, and now it's almost $55 000 - in other words, people need to learn the extreme volatility that the crypto market has and then it will be much easier for them to bear such events.

[Gurujebs]

1, Don't panic as the market will eventually correct itself...so do not sell your portfolio instead be brave and add some more as the price is lower than before.

2. Don't listen a lot to FUD but stick to your goals and plans...never be distracted by any bad news on the market because days after those news will be changing.

3. Just sleep and take some time off...eventually things will go green and it is beyond our power to control the market...only whales can do that and we are just small fishes in the big ocean.

You did try with the list but I think this are solutions for people that are long term coin holders, people that are diamond hands and are looking upto many years holding coins with the market, there is nothing that should prepare you for the market with the list you have made. In addition to your list, they should buy more if there is extra funds they can afford to lose.

However, people that are short term holder, they can sell when they see the signal of correction. I was having conception about Bitcoin dropping to level of $50k but it wasn't so soon and then this happened quickly. If I'm a short term holder, I would have exited at the top and buy here again, I will be having more Bitcoin with with more usd value.

[Yamane_Keto]

If you have enough time so that you can sell after several weeks or months, then such corrections will not affect you, but if you are forced to sell within less than 3 months or a few weeks or days, then you should carefully choose the cryptocurrency you want to invest in and the date of entering the deals, as keeping cash is better than starting a losing deal.

[Stompix]

Pretty simple:

1) Go here:
https://www.subway.com/en-us/careers
2) if not successful go here:
https://www.kfc.com/careers
3) If still unlucky:
https://careers.mcdonalds.com/

If even Mcdonald's is not hiring then the economy is well beyond f****** so nothing you can do but wait for the end.

[Crwth]

I also believe that you should do stuff that would be productive for you—not focusing much on the market and making sure that it has a different headspace in you. The best way is always to manage your risks and practice keeping money and not losing it.

[bitmover]

I think these are the times when good investment choices count. Holding good assets is somewhat comforting now.

I have 99% of good coins and good assets in my portfolio. Bitcoin is OK at 52k usd I think. I don't feel bleeding

But that 1% of shitcoins are basically dead.
Some of them lost -50% or more!!!

This is the time to buy good stuff.

[JoyMarsha]

If you are holding BTC's and the market tanks, i believe it is the time to accumulate more if you have the funds. I admit that doing this is easier for people who have spent longer time in the network and have seen price corrections happen so many times. For weak hands and newbies, it may be difficult to do, but at least, just hold.

That's the correct and kind advice to give at this time the market is on the downside. Although it will look difficult to do, for those newbies who have invested with their emergency money, hoping for quick gains out of their bitcoin investment.

All over the internet, there are complains and bitterness coming people who have invested in bitcoin for short term profits because of the bull run. For them to wake up to this "correction stage" looks strange to them, as they are giving up on the whole market to cash out their invested money in bitcoin before it goes zeroes

[Z-tight]

That's the correct and kind advice to give at this time the market is on the downside. Although it will look difficult to do, for those newbies who have invested with their emergency money, hoping for quick gains out of their bitcoin investment.

It is on them, it is on anybody who decides to buy BTC with money that they would be needing anytime soon, there is no way to predict the market, so you cannot be sure to buy and quickly move out after small gains, what if it dumps and you have to wait or sell at a loss. If there are people caught in this, then it is a good lesson for them.

[bitterguy28]

So what can bew your best advice to newbies during the time of red waves?

adding to what you have already said, it’s important to always look at a bigger picture here try to not focus on only the little part of the market and instead expand the way you see the market

try to also remove all kinds of emotions when dealing with any market being too emotional can lead you to making all kinds of decisions that may negatively affect your investment

[Hridoy7788]

I used to obsessively check CoinMarketCap when I was new to crypto, and seeing everything in the red was super stressful. What helped me was diversifying my holdings to spread out the risk and sticking to my long-term goals instead of getting caught up in every piece of bad news. Also, taking breaks from the screen to clear my head made a big difference. The market’s volatile, but staying calm and focused on your plan can really help.