Things To Do When The Market Is RED

[Rruchi man]

So what can be your best advice to newbies during the time of red waves? Here are some of my opinions.

When the market is red, avoid people who may want to contribute to how discouraged or disappointed you may feel.

When the market is red, consult the charts so you can get some consolation and an idea of the market movement, from the charts, you will be able to see that every market movement is temporary.

[taufik123]

-snip-
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

When a Bearish market is deep enough, people are afraid to enter and choose to stay silent and not see the potential entry on the DIP price.
But when the market is very bullish one is also afraid to take profits and tends to be greedy, even those who have not entered at all seem to be more FOMO to buy at high prices.

Every market condition will put pressure on whether the decision taken can be right or not, but when the dump is deep enough it is a good opportunity to start entering, but do a DCA and see if the decline will continue or not.

[Sim_card]

So what can be your best advice to newbies during the time of red waves? Here are some of my opinions.

When the market is red, avoid people who may want to contribute to how discouraged or disappointed you may feel.

When the market is red, consult the charts so you can get some consolation and an idea of the market movement, from the charts, you will be able to see that every market movement is temporary.

There is no need for them to consult the chart because new investors don't know how to read charts and they will be the ones to panic first because the price of bitcoin might have dipped below their entry point. The best thing for them to do is to just hodli or buy more if they can and relax because the price will definitely recover. In our investment that is not crypto, it is a norm for ups and down, so will you sell off your investment if it is facing some temporary challenges.

[Z-tight]

When the market is red, avoid people who may want to contribute to how discouraged or disappointed you may feel.

There would always be people all over the internet complaining when the market is down, sometimes it is unavoidable not to see such complaints. So it is up to us to ignore it and understand that BTC will rise again, newbies and weak hands panic so much when the market is red and it can make them sell at a loss and later regret it.

[nakamura12]

If you have the money to spend then you should accumulate more crypto assets to hold waiting until it is the right time to sell it for profit. We can't help if other people will complain about the market being red but to be honest, it is a good chance to buy more if you have extra money to spend and to avoid other people spreading FUD that may cause panic selling.

[target]

If you have the money to spend then you should accumulate more crypto assets to hold waiting until it is the right time to sell it for profit. We can't help if other people will complain about the market being red but to be honest, it is a good chance to buy more if you have extra money to spend and to avoid other people spreading FUD that may cause panic selling.

This should have been the next move for those who wants to invest more. There have been written posts about how to take advantage when the market is red or before the market turns red.

Some traders just have the eagle eye in focusing when the dumps will happen. And before it hapens they already have done some dumping themselves. Unfortunately, they don't sharenthe information to all.

Vitalik sold memetokens sent to him before the crash, that must have been a signal.

[nakamura12]

This should have been the next move for those who wants to invest more. There have been written posts about how to take advantage when the market is red or before the market turns red.

Some traders just have the eagle eye in focusing when the dumps will happen. And before it hapens they already have done some dumping themselves. Unfortunately, they don't sharenthe information to all.

Vitalik sold memetokens sent to him before the crash, that must have been a signal.

If you can analyse the gathered data then you can perhaps take advantage of the situation to invest more in crypto like bitcoin or memecoins if you prefer investing in such coins. As what I can say, it's all about the person who's investing decided what to do either take advantage of it or don't take the risk. We can't force someone to share their data since it's their effort in gathering all the data.

[joniboini]

We can't force someone to share their data since it's their effort in gathering all the data.

Yeah I guess that's fair. As they always said, there's no free lunch, especially when it is related to making millions from dumping tokens. I think retail will always have a disadvantage when it comes to data gathering, but they definitely can try to follow whales movement with tools like trading bot, wallet address monitor, etc. At the end of the day, nothing is stopping us from making our own data gathering tool other than our skill.

[Z-tight]

Vitalik sold memetokens sent to him before the crash, that must have been a signal.

Yeah, i saw that news, i really don't know why a project thought it was a good idea to airdrop 4% of their total supply to him, which he later dumped for Ethereum, and it caused a huge dump in the coin's (NEIRO) value. Though the value has risen still then, but this is just a reason why it is risky to invest in coins like this, they can easily be manipulated for a few people's benefit.

[Doan9269]

For those that have been used to the crypto market, they will understand better that whenever the market dip, it's a a challenge for they to hold and be linient till such stage passes and the market pumps as expected, if they sell during that time, it will be on losses because the market isn't favourable as at then, buying could be advised at this point for those willing and interested to buy or invest on Bitcoin, all these are why we should take serious with how we make speculations in other to understand the market trends more better for making  an investment or selling it.

[Faisal2202]

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.

These are some good tips and I also try to do the same, I got to know that the market is red I really don't care but this time I need to withdraw some BTC for personal expenses and my 3-week payments from signature was $30 in loss so I waited for the market to recover, I withdrew that money today. The point is when you need that money which is stuck in a downtrend you observe the market again and again for the price to take an exit.

My father is not into crypto he only joined online earning apps but crypto ones I know all are fake but he still joins, he asked me 2 days ago when I heard the market is down and how much loss you are making. Then I get the idea that those who have not stepped fully into the market are also influenced by the downtrend. Newbies can't save themselves from this hype and pressure of a downtrend. But still some can if they are very careful.

[vegasus]

What often happens when the market suddenly crashes is: PANIC

and this is very normal. But what we have to do is stop panicking and understand what is happening in the market. And you are right, there is no need to panic anymore because it cannot be prevented.

Then what we have to do is really understand the situation and keep holding coins as our assets.

If you have money, of course, holding coins is one of the things that should be done, especially when it is red, it means the price has really plummeted and that is the perfect time to accumulate at a low price.

[Dzwaafu11]

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.

On a normal note, if the market turns upside down, there are only two options for any investor who wants to make money out of the crypto investment, and these options are either you continue hodling or you buy more to your wallet. For anybody that sells in this period, I'm sure he will lose the money he invested without even profit because some people may panic and even sell their investment, which is not supposed to be like that. It is a wrong decision in this period if you cannot buy more, then hodl the one you have, don't sell.

[bounceback]

If you have the money to spend then you should accumulate more crypto assets to hold waiting until it is the right time to sell it for profit. We can't help if other people will complain about the market being red but to be honest, it is a good chance to buy more if you have extra money to spend and to avoid other people spreading FUD that may cause panic selling.

Important keep half or defend your recovery fund prepare for market is red and accumulate as much possibility with your fund left, but many trader looks greedy if have capital around $10k keep all in for trading without spent left few percent anticipation when market downtrend or red. I think easily take much profitable when market red or crashing like last several days ago, without few days easily take profit more than 20% to 50% with top altcoin and bitcoin currently increasing up to 20%.

Don't avoid with FUD because its big opportunity for us take recovery and earn much profitable in short time, I think many whales get benefit when sharing bad news to buy back.

[Z-tight]

Then what we have to do is really understand the situation and keep holding coins as our assets.

This is a good recommendation if you are holding a good coin that has value, a coin with value will rise back up whenever it falls, but a coin that is only surviving on hype can dump and never pump again. So if you are holding new coins and the market is red, maybe you should sell some of them, but if it is BTC and good altcoins, then continue holding and accumulating.