HOW TO PROFIT FROM BITCOIN CRASH?

in #money7 years ago

BUY DURING FALL TO RISE (CAUTION: BE AN OPTIMIST!)

Getting involved in this process may produce impressive gains. It is very important for the crypto-buyer to take care of the timing and observe the daily market effectively as it is apprehended a remarkable challenge for the experts in market.

Don’t get panicked because of plunging of prices. It must allure you for making the move instead. Buying bitcoin during the plunge is an easy way of profit generation in the world of cryptocurrency trading. Ensure that overthinking will take you nowhere. And keep in mind that tracking market and predicting things by timing is not possible. However, if any negative news or information isn’t the reason behind the price drop, one must stay optimistic (as I have written in the title of this topic) as the prices are certain to go up again.

GO BACK TO FIAT

It is an alternative approach with a full suggestion from crypto asset managers and traders. It involves exiting to other fiat currencies. However, before resolving to other cryptocurrencies, it is vital to understand how to time the market both during exit and return.

According to experts, A clever way is keeping aside the amount of money you are willing to risk and keep an eye on the market fluctuations, the moment you see rise, make profit.

Out of any assumption and fear, one must not lose the opportunity to make investment in Bitcoin. On the other hand, if bitcoin crashes suddenly in the future ahead, for making profitable gains performing above mentioned approaches can be deployed. Considering the adoption of Blockchain technology in the market, a gradual rise in it is still expected.

FOCUS ON ALTCOINS

I totally agree that Bitcoin is the pioneer in crypto space, but there is always a scope for increasing your gains by obtaining knowledge about other cryptocoins. You must consider finding promising cryptocoins as a crypto-buyer & investor. Situations have happened in history in which price of a famous cryptocoin has fallen because of existence of another new cryptocoin entering that market having same or nearly same features making people feel that it’s wiser option to go for as a buyer. But ascertain that you do background verification of the organization backing the cryptocoins or ICOs you’re putting your money into.

DO HODL RATHER THAN SOLD (I DO THIS! AND RECOMMEND THIS!)

Before you get confused, HODL is the term used in the world of crypto for holding on to your cryptocoins when the price falls till the price goes high again. Even after the price of crypto you are holding plunges drastically even below the price at which you bought it, remain patient and keep holding the cryptocoins until their value rises again (above your buy point) in market. The most difficult thing here is whenever a crash happens it is not always mandatory for you to take any step. So you should always keep in mind that holding the cryptocoins is the best thing you can do. Because sometimes, doing nothing is the best thing to do for the survival in this highly unpredictable crypto-market. Cryptocurrency trading experts(including me, I am not much into trading yet!) suggest that holding the cryptocoins with large market capita is considered as a wise decision and safe as well as you decide whether to kill the investment or save it for the good times and keep waiting.

BITCOIN 4 SALE

If you are uncertain about the price rise or future of the cryptocurrency you have invested in, sell off your lot.It Is always fine to make less profit than going into loss afterwards as a bitcoin investor. Because a huge price drop in the prices may lead to heavy losses which could be unbearable.

BITCOIN SHORTING OR SHORT-SELL

It is a peculiar way of profit generation in which The thing is involved if there is any probability of the cryptocurrency to plunge in the market. The Bitcoins are first borrowed and then sold at the current high prices as per the betting done. After making the sale successfully, replacement of borrowed coins can be done by buying new Bitcoins which are more in number.

More the Bitcoin price declines, more the profit you make.

Basically, short selling of Bitcoin means selling the bitcoins borrowed from someone and buying it again so you can return it to the same person who gave you those Bitcoins. You can make impressive profits if the Bitcoin prices fall.

So the conclusion is, almost every strategy involves certain amount of risk. however, you are the one to choose the most appropriate way of profit generation during the Bitcoin crash based on the knowledge you have and the amount of risk you are willing to take.

Source: http://techcryptoguru.com/how-to-profit-from-bitcoin-crash/

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