Quote from: Similificator on February 11, 2018, 12:18:55 PM

Quote from: Kakmakr on February 04, 2018, 07:43:32 AM

The most common answer to this question will be to hoard and to wait for the correction to reduce or elimate your potential losses.

My suggestion to reduce potential losses, might sound a bit controversial, but it might just work in the current environment.

What I have noticed lately, is that the price is dropping within a $500 margin daily and then recovers.

So in theory, If you were one of the people who bought coins at say $18 000, and IF you sold now at say $9000, you would have lost more or less $9000.

My suggestion : Use these daily crashes to your advantage. Buy more coins when the price falls with $500 and sell when the price goes up with $500 again. After trading fees, your profit will be anywhere between $450 to $490 per coin/day.

Take the profit, put it aside and repeat this strategy until you have chipped away at the potential loss that you would have made.

Day 1 - $9000
Day 2 - $8550
Day 3 - $8100
Day 4 - $7650
Day 5 - $7200
Day 6 - $6750
Day 7 - $6300
Day 8 - $5850
Day 9 - $5400
Day 10 - $4950
Day 11 - $4500
Day 12 - $4050
Day 13 - $3600
Day 14 - $3150
Day 15 - $2700
Day 16 - $2250
Day 17 - $1800
Day 18 - $1350
Day 19 - $ 900
Day 20 - $ 450
Day 21 - $ 0

In 3 weeks, you can eliminate any possible losses, if you follow this example. This is definately not a guaranteed recipe for success, but given the current situation, this might just work. Cheesy

You know what man, I really do appreciate your efforts on researching and any other necessary things just to be able to share this idea of yours(strategy) to all of your co-members here in this forum. But the thing is that in my honest opinion, I think that posting this is actually doing more harm than good to our fellow members that are still new to the crypto world. The reason as to why is because obviously, crypto prices are not as easy to predict as what you are saying since it has proven itself already to be very volatile specially bitcoin. Now if some newbie who lost a lot already sees this and believes on this strategy, that newbie might even lose more than what he has already lost already. So my advice is that holding for the mean time is still the best choice for now. specially for newbies. just sayin'

This strategy is not fully false because there is still people doing this because they are an expert and active traders mean while like you said if newbie doing this of course they will turn out to lose more than just his coin. That is why this is not recommended for any newbie who start trading

But I can say this strategy is really work because in crypto world, there is too much volatile which is we can get our profit back in no time. And if you do not want to sell it back then you should do some more deposit equal to what your loss and do trading as well and you will get on both profit