Quote from: kotajikikox on February 12, 2018, 05:07:20 PM

Number 4 to 8 are not good idea for because in time of crisis people need to minimized the expenses.

That is absolutely true. However, I meant a crisis in crypto world, not overall crisis. And, just for the sake of possible future economic discussions please keep in mind that while for the individual person it is a good strategy to save money during the crisis, for a society it is the worst strategy as only a good cash flow can bring back the investments and push the economics towards the upward trend. That is one of the basic economic phenomena that for some reason most of those in position to do something about it don't seem to comprehend.

Quote from: Erza on February 12, 2018, 04:46:27 PM

Somehow it is like gambling addicted, I do not called it is strategy, this is just some normal mindset that you need to do in emergency

I like how you called it "a mindset", and not "a strategy" as that was precisely my point. It is funny how most of the people took it literally.

Quote from: iv4n on February 12, 2018, 02:41:03 PM

This doesn't have any logic:
1. I invested 100 dollars.
2. OK price is x2 and I pulled out my initial investment of 100 dollars.
3. Extra profit in time when price is rising, but what if price is going down? But let's say price go 3 time higher.
4. Prices for tropical country for whole family is minimum 2000 dollars.
5. To activate my 500 dollars crisis fund, I'm best case that much?!
6. Where we can go with 500 dollars.
7. Come back from holiday and you are in big dept.
8. To repeat what when I returned all the money?

Your strategy will work if you invest thousands of dollars, and who can afford to lose that much? Your strategy doesn't work much if you invested in wrong time! Read about people who bought at 19000 dollars, where are they now, and where is their profit?
Your strategy will work just if circumstances are perfect.
Don't fool yourself that this will work, I don't know what other people comment.

1. Your investment is rather small, but it is a good start, or better said a perfect start if that is all you can afford to lose without caring deeply about it.
2. I would have waited a little bit more actually, but OK, a safe approach is a good approach.
3. By my experience with cryptos, if you have a portfolio it will always rise in a long term. If you invest only in one coin you are playing with your luck. If the price goes down, you have to be patient. So far the long-term trend was always upwards. Patience is a key here as you could have invested just before the crash which would comprehend longer waiting.....
4. Yeah, that was basically a joke, what is important is a mindset. Take 10 USD from the crisis funds and by an ice-cream, I don't know, whatever you like.
5.-8. Kind of self-explanatory after you understand 1-4.

Quote from: ngacengan on February 12, 2018, 03:38:43 PM

the strategy you mentioned is true but sometimes I still get scared when I'm stuck at high prices again, so to overcome it I should just wait for normal kembabli prices by closing the existing market.

We all get scared, that is normal. The key lies in minimizing the anxiety.

Quote from: pawanjain on February 12, 2018, 03:55:54 PM

This doesn't look like a strategy to me at all. It is more like a future story to me Grin

.
My best strategy during the time of crisis would be something like
1) Find out why the prices are dropping.
2) Analyse the charts and predict if the price will drop further.
3) Sell your coins and buy back at a lower price to gain an increase in capital.
4) Enjoy more profit when the price increases
For anybody who finds it tough to do the above should just hold on to what they have. Never panic. Chill out and stay away until the crash is over.

Absolutely, that is the purpose of a technical analysis. You should always strive to do one. Your strategy can easily be incorporated into mine. Nothing clashing here.

Quote from: Trofo on February 12, 2018, 01:01:02 PM

Quote from: dado7 on February 07, 2018, 02:51:29 PM

If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.

1. Invest only the amount you can afford to lose without even sweating about it.
Very important part. There is nothing worse than having to cash out and market is deep in the red. You will sweat no matter the amount

2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
I am doing something similar, cashing out in parts as my coin is growing. I have different exit strategies for each coin but usually I cash out first 30% on x3. I would like to point out that you haven't earned anything on coin that has gone up 1000x until you cash out. It can crash the next day. Remember: Lock in your profits.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
I actually have "crisis fund" and "reinvestment fund"
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
Maybe most important one. Don't check every few minutes. You will just get stressed.
8. Repeat steps 3-8.
Unfortunately, real life doesn't let me do steps 4-8, but I use the times when market is in red to add some cash from reinvestment fund into projects I believe in. Effectively buying them at 50% or more discount. Of course it is difficult to judge the exact bottom of the crash. I have for instance added to my bitcoin position at 10k because I thought it would not go any lower.

Good advice, i have taken the liberty to add my take on your steps in green color inside the quote.

Bravo Trofo. Many can learn from you, myself included.