Post
Topic
Board Altcoin Discussion
Re: What to do when price is dump??
by
Blue_oxen
on 24/06/2020, 06:15:24 UTC
The basic solution in times as this for traders is to Hold their/your capital in fiat or stable coin then wait patiently, then you get into the trade after there has been few more rekts or tokens has reached the bottom.


What do you think? Is it a smart move at this time?
As my experience, this question will be an entry in my first advice. If you don't invest in a huge bullrun then you don't need to worry about the price drop. Every coin has some demand in cryptocurrency, we need to wait until the fill this demand. We don't what will be the last correction price but wait for the exchange listed or volume on exchange.
My advice is to hold those coins that you have! Don't be panic and sell in lost otherwise you'll be regret afterward! Consider this market right now, there's nothing to be afraid of, keep holding! I believe that the bullish season will come up soon enough! However, if things aren't in the right track, then you'll need to cut loss immediately to avoid being burned out!