Did you fall for the current dip and sell off

2tang

sr. member

Activity: 1414

Merit: 259

Undeads.com - P2E Runner Game

Quote from: MauJohn21 on June 09, 2021, 07:26:18 PM

I think Divi masternodes are a good option because they passively increase the probability of winning despite the complex outlook.

The name of the possibility is still half-assed or not certain to win,
so it still has to be watched out and also investigated further even though the choice category is indeed good.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: reza7777 on June 08, 2021, 03:44:28 PM

Falling for the current price drop had a big impact on my portfolio but at times like this I don't sell everything, I'm not person who easily believes in FUD, I'm selling only because of some needs

That's the right attitude and good to see people believing despite so much FUD being created around cryptos on social media. Almost everyone is talking about the wastage of energy caused by crypto and it baffles me to see so many guys suddenly talking about it because crypto exists for a decade and more so why suddenly all this talk about wastage of energy when we are actually moving towards PoS in general.

Quote from: HyunBin on June 09, 2021, 02:45:00 AM

Dealing with crypto the most important attitude and aspect that you must possess is being calm and patient every time that you see a dip because its normal to see a retracement and correction in the market so always keep in mind that don't panic sell when there is dip but instead accumulate more to get more profit once the market pumps and recovers again.

Another thing we must remember is that panic sell does nothing but creates a bigger dip than it was initially. If everyone panics and starts selling the market will break and that's what the rich guys who are planning this bear run want. Have some confidence guys and hold tight, good days are coming soon.

barbara44

hero member

Activity: 2534

Merit: 605

It is not really a shocking reveal that some people sold, price went lower because some people sold and that was always the case in any drop. However if we could realize that selling doesn't mean giving up, we are going to get much better in the future.

Definitely there could be some people who lost money during this period and some of them probably gave up, that is understandable but the reality is that there are tons of people who didn't give up and who still believes in the future of bitcoin and crypto. That is the most important part, if you believe in crypto then it doesn't matter if you sold right now, as long as you can recover and make it back in the future and you are still interested in the space then it is fine, I am fine with a drop, because it means this drop is just a temporary one.

wheelz1200

legendary

Activity: 3752

Merit: 1415

Quote from: LordMiguel on June 02, 2021, 05:25:46 PM

Honestly wanted to ask and to discovered the newbies among us. i though of creating a vote but it is not Necessary. i really wanted to ask if there are members of this community that sold off during the last dip thinking that the market has crashed. alot of friends kept complaining that bitcoin and alts will go deep down and it will take months before coming back.

Really wanted to find out people that lost their grip and sold off. what really was your main reason for NOT holding...

There plenty of reasons for not holding. Risk aversion, profit taking, etc. Not saying we are going to go full bear but what's to say that wasn't the first dip. Easily can. Crypto has had its share of bears throughout the last 12 years, it isn't a linear line straight up the chart.

Asuspawer09

sr. member

Activity: 1638

Merit: 425

Quote from: LordMiguel on June 02, 2021, 05:25:46 PM

Honestly wanted to ask and to discovered the newbies among us. i though of creating a vote but it is not Necessary. i really wanted to ask if there are members of this community that sold off during the last dip thinking that the market has crashed. alot of friends kept complaining that bitcoin and alts will go deep down and it will take months before coming back.

Really wanted to find out people that lost their grip and sold off. what really was your main reason for NOT holding...

Obviously, there are a lot of investors who sold their investment and a lot of newbies or newcomers sold as wells since the market continues to drop up to 30k$ there are a lot who panic sell.

At times where the market is bullish, we could already expect that the drop is gonna happened soon, the market can just go to the moon with just pumping and pumping, investors are surely gonna take profit at some point but Elon Musk surely trigger that to happen because of his tweets and the Tesla news about bitcoin.

Not all of us are expecting that but hearing news like that could surely affect the market and make a deep forcing a correction to happen, I always sell and take a profit when the market is high so I have no problem holding at this point when the market is on low, already buy a few and plan to buy more because this is gonna be a big profit when the market explodes again.

lixer

hero member

Activity: 2660

Merit: 587

Quote from: fahmimajannat on June 09, 2021, 12:33:15 PM

Yes tried.
But dip after dip coming. So in the end bought at a higher price.
But not worrying about it cause market will recover soon inshah allah.
Let see what happens next.

It hurts to buy considering the market will go bullish but it continues to go bearish but I like your thinking and positive perspective. It is about the time when we might see BTC hitting $55k or $0k soon although it might take longer than what most people are expecting.

When you buy Bitcoins and market falls down just remember that the same coin was being traded at $55k and more, some time ago, and if there were buyers at 55k there will surely be buyers again for the same price and just need to come out of this down market.

Looking at the larger picture it is quite obvious that the price should only go higher from such a low.

letyouearn

legendary

Activity: 1722

Merit: 1014

I think only new crypto investors are selling now. Those who managed to survive 2018-2019 frenzy are calm and ready for everything. Fresh meat is coming from Tik-Tok now Grin

Rakeshten

member

Activity: 280

Merit: 11

I have not sell my altcoins In this dip, because I have a rule that never sell your Crypto in loss. So I will hold it until get targeted profit. I know market is in bad condition because of BTC, but I have hope that soon we will see altcoins on their original positions.

laredo7mm

hero member

Activity: 1498

Merit: 537

I sell half of it and take reentry several times. That's why I have increased my holding alts by not spending a single dollar. The market took correction and there could be another big one before it going to renounce again. So why don't we took the initiative and increase our portfolio? I know many falls for the trap and sell off but I think BTC won't touch the 20k mark again any time soon.

feelideb

full member

Activity: 770

Merit: 101

fLibero.financial

The market dip may happened because of so many reasons, bearish sentiment could cause a lots of harm to the prices of cryptos! And if the sudden dip is because of negative setiment, that should not be enough reason to sell off your coin/ token! The dip in price will definately stop at some point and the bounce from such dip could be astronomical!

harapan

sr. member

Activity: 1736

Merit: 306

The current dip would have probably alot of noobs get rekt, cause most of them bought their coins at the top and now prices have gone half, some would have sold off in losses while some will become the new hodlers like the ones we had in 2017, but as for me I'm still holding my bags and selling at a low price right now is never an option, the bullrun isnt over yet bitcoin can still pump to $60k+ before November.

gabbie2010

sr. member

Activity: 2590

Merit: 322

Vave.com - Crypto Casino

Quote from: Fredomago on June 08, 2021, 02:13:25 PM

Quote from: conected on June 08, 2021, 01:27:10 PM

Quote from: Luqman on June 06, 2021, 06:14:43 PM

Most people experience the same, the value of the assets drop so much more than 50% maybe. As what I am also facing right now. But, what's for selling off these coins right now? Selling them right now only means we are losing our money at all. I am still holding and prefer to hold them at least until the basic funds are back and try another trading again to get profits. Never panic sell when the market dips and when you are not using CL at the right time, you may be better to hold them.

- Agree, the past is the time when we sow a lot of hope so that the market can strengthen stronger, especially focusing on the projects we want but when the price increase is too stable, we have been less proactive in taking profits and being more greedy besides this market, the subjective situation has caused damage and turned our positions upside down, no longer profitable, all are back to the negative mark. The sell-off is only useful for early adoption, projects are overrated and foolish to invest in, it could be a big failure and we need to deal with it, top altcoins have more respawn conditions but quite a crisis

greed will conquer everything inside your mind if you don't have preparations, it's sad to say that it's true instead of taking profits from the last time peak most of those who are trap now are victims of greediness, thinking that the market will continue to grow.

Each time you place your entry you needed to have sets of targets, both ends should set up correctly, in certain point, if you pinpoint your earn and loss target goals you'll avoid being trapped,

Time to think for better ways to continue your journey, never to rush your decision as most of the time it leads you to lose your money.

The past experience in the crashing of the market had taught me a bitter lesson not to be too greedy in a bullish season i.e to always set target and take profit and not to wait for any further pump, crypto market is unpredictable its better to utilizes any opportunity that avails itself during a bullish run and not to wait until the market started correction, meanwhile at dip the opportunity to buy again will also be avail thus the cycle continues bearing in mind that price movement is not a one way traffic.

tsaroz

legendary

Activity: 3094

Merit: 1069

Vave.com - Crypto Casino

Yes I did. The current bull trend 2020-21 had been worthless for me as I already lost as much as I earned for holding the coins. I have just a few thousands dollars left in stablecoins and is planning to buy some coins when the market further corrects. The market is making lower lows and a dip below 30K is what I'm looking for in bitcoin. This time, I'm going to have a very specific formula for buying and selling.

hitsnorth

jr. member

Activity: 145

Merit: 1

Nope, i didn't sell anything. Instead i've bought some BTC and LTC. HODL.

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

Quote from: henmark on June 10, 2021, 07:56:47 AM

Quote from: DevFile90 on June 08, 2021, 11:49:53 AM

Quote from: jamkesmas on June 06, 2021, 10:43:57 AM

when the price collapses very deep and I sell it out of panic then it will only make me regret it even more the next day when the price has recovered and rose to be very expensive, so I prefer to wait for the price to rise and be patient.

I don't understand what people are doing when doge coin was over 0.5$ it seems to be pure greed if you ask me, doge coin is the most profitable coin this bull season because it was dirty cheap in 2020 with even few thousands pieces of doge you are already in money

That's right and a lot of exchanges with foul intention closed accounts that were inactive with balances in Dogecoins once they realize that the price has ballooned too high and it is time to turn scam.

I had accounts on multiple exchanges since a long time and now as I try to login, most of them are asking for my identity verification because I have some balance and they never asked me for KYC in past. Hitbtc is asking for ID verification and I had some balance in there and similarly, there are other exchanges like bleutrade who are asking for selfies and all shits because I have a few hundred doge coins on there.

I also have a balance on hitbtc, and because it has been inactive for a long time, I was asked to kyc. but i do kyc for more than 2 months and always get rejected, until i'm kind of desperate for this. By reading this post, I came to know that I'm not the only one experiencing the same thing. I tried kyc when the bitcoin price peaked, and it was very difficult until now to verify

tyz

legendary

Activity: 3360

Merit: 1533

Quote from: LordMiguel on June 02, 2021, 05:25:46 PM

Really wanted to find out people that lost their grip and sold off. what really was your main reason for NOT holding...

According to GlassNode - which is by the way a great site - a lot of new hodlers sold while long-term hodlers did not and which used to low prices to buy. So the losses must have been realized by short-term holders, mostly people who bought at $50-60k and panicked while the price dropped.

Here are some good graphics which underline this:

Source: https://twitter.com/WClementeIII/status/1402336221205078017?s=20

Gayong88

member

Activity: 1540

Merit: 22

Trading is one way to read a person's character, psychology, and control in trading, if he succeeds he becomes a winner, especially during the repeated market correction moments in recent weeks.

henmark

sr. member

Activity: 808

Merit: 271

Quote from: DevFile90 on June 08, 2021, 11:49:53 AM

Quote from: jamkesmas on June 06, 2021, 10:43:57 AM

when the price collapses very deep and I sell it out of panic then it will only make me regret it even more the next day when the price has recovered and rose to be very expensive, so I prefer to wait for the price to rise and be patient.

I don't understand what people are doing when doge coin was over 0.5$ it seems to be pure greed if you ask me, doge coin is the most profitable coin this bull season because it was dirty cheap in 2020 with even few thousands pieces of doge you are already in money

That's right and a lot of exchanges with foul intention closed accounts that were inactive with balances in Dogecoins once they realize that the price has ballooned too high and it is time to turn scam.

I had accounts on multiple exchanges since a long time and now as I try to login, most of them are asking for my identity verification because I have some balance and they never asked me for KYC in past. Hitbtc is asking for ID verification and I had some balance in there and similarly, there are other exchanges like bleutrade who are asking for selfies and all shits because I have a few hundred doge coins on there.

zayika570

newbie

Activity: 156

Merit: 0

Quote from: Lunafox on June 09, 2021, 12:36:56 PM

Quote from: Bertyda on June 04, 2021, 08:37:00 AM

Crowd very often panic and it increase the fall of the market. It is very important to continue to develop a project even inspite of the fall of the market. In such case all kinds of promotion is good such as https://twitter.com/CryptoArenaSDEX/status/1398027493190164482

It is very important to share the information in social networks with the users to have more trust.

Cryptocurrency exchanges are actively developing and a new techologies appear. Cryptocurrency exchanges always popular even when market falls people continue to trade.

I am glad that cryptocurrency exchanges developing very quickly and allows traders to trade more simple. A new cryptocurrency exchanges appear. Also traders can make money even on fall of the market.

lexkiee28

full member

Activity: 368

Merit: 101

Quote from: LordMiguel on June 02, 2021, 05:25:46 PM

Honestly wanted to ask and to discovered the newbies among us. i though of creating a vote but it is not Necessary. i really wanted to ask if there are members of this community that sold off during the last dip thinking that the market has crashed. alot of friends kept complaining that bitcoin and alts will go deep down and it will take months before coming back.

Really wanted to find out people that lost their grip and sold off. what really was your main reason for NOT holding...

Seeing the dip lately this past weeks I don't do panic sell and I stay calm because I know that its just normal in the crypto market seeing that there is a correction and retracement what I did is I instead buy more because for me for many of us seeing a dip is the best opportunity to get and accumulate more.

Topic: Did you fall for the current dip and sell off (Read 1020 times)