Did you fall for the current dip and sell off - page 3.

CaptainCrapper

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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...

Yes very helpful post.we have to wait for getting New change or new chance.becuse now trends is bear market.I think bear market is not good for sale.so we have to wait.

speedy963

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Looking at the price today, I am pretty glad that I sold most of the coins in my portfolio while on the others, I took the capital and let the profits sit there in the exchange spot. Had I not sold majority of my coins, I would've lost a lot. And right now, the only thing I am doing is watching for some significant news or price movents on big exchanges. Only when I get positive news and movements of price will I start rebuying my favorite coins again. I may even choose not to buy some of the coins I had in my portfolio last time anymore depending on their performance.

cryptoserega

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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.

As I understand CryptoArena is a hybrid exchange that combines CEX and DEX exchanges. I think that idea to create exchanges that combines the advantages of CEX and DEX exchanges are very useful. Cryptocurrency exchanges developing and becomes better.

Luqman

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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.

flagpara

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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...

I didn't do any of your guess. I took the opportunity to take the current dip. Unfortunately, I didn't make the highest profit after the Cartesi trade. Although this isn't a good decision because next time I could lose all of my Cartesi with a low profit. When you realize that your holding altcoins have already pumped unexpected limits, then you can sell them. I won't trade with my holding altcoins.

iTradeChips

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Well, for the purpose of the OPs personal enjoyment of taking note of other peoples unfortunate decisions in life, I will not answer this question. But rather ponder upon the answers of those who went before me. I mean as a day trader I base my decisions on what profits I can make for today, and that is already different from say, the investor standpoint who wants to earn so much but sold his asset with a loss after a crash. So for traders, a little loss is ok. Because we can be sure that we can strategize again to get profit from our trades the following day.

Ziskinberg

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Quote from: Yatsan on June 06, 2021, 05:38:30 PM

It's been off when the season is into the declination stage and that is the time when many soft hands mostly those newbies in the market are selling out their cryptocurrency coin holdings due to panic and also fear of getting left out and suffer from loss due to the dip. Other factors may also include the guts of having a lost potential of the coin making some to sell those out because it will no longer be good for the long run. Also it might be the case that shortage of funds is the reason making them to sell for the sake of funding themselves out for the reason of putting them into better sake.

Definitely, it was a feeling when you still don't trust the market and the coin that you are invested in. But I respect them as they have the reason and just wanted to keep safe of their funds that is why I don't have the right to call them weak hands as not all noobs are like that. It finds to be normal, selling off is a common thing and anyone can do this. In fact, I did this very often when the market dumps and reinvests again. I think, this is an investment cycle, buy, hold, and sell.

Yatsan

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It's been off when the season is into the declination stage and that is the time when many soft hands mostly those newbies in the market are selling out their cryptocurrency coin holdings due to panic and also fear of getting left out and suffer from loss due to the dip. Other factors may also include the guts of having a lost potential of the coin making some to sell those out because it will no longer be good for the long run. Also it might be the case that shortage of funds is the reason making them to sell for the sake of funding themselves out for the reason of putting them into better sake.

Kehindem

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Though as at the current dip, don't really have much coin on the fallable coin, so I did not have course to venture into panic sales at any point in time, but I believe it will rise again in no time.

BIT-BENDER

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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 reasons should be
+ Fear, panic
+ Needs
+ News
+ Target -sell of when it goes lower than _ or above _
+ Period
And more.
Newbies or non newbies many sold of at this time, not only selling off some may never buy crypto-currency again, because the think it's pressure it exert on them is to much, I didn't even think of the market dropping, I only saw to buy more crypto-currency.

AzamNurWahid

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during current dip I didn't lose too much so I still decided to keep holding until the market stabilized, indeed sometimes this is something bad for beginners because most do panic sell, but believe if market will back soon

Fredomago

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Quote from: ?? on ??

Quote from: Cvetik56 on June 06, 2021, 07:45:25 AM

Absolutely not. I'm actually bought some more LTC, BCH and BTC. Who know when are we gonna get this chance to buy crypto on so low price.

Indeed no one can guess when you can get big profits from what you already have. You can look at the Doge example, if you had millions of Doge coins last year and you still have them now. what do you imagine? There are charts that you have to understand and there is luck that comes when you make that decision.

Indicators plus luck that leads you to make very decent profits from your chosen investment, though it's not for everyone but you
can always have information that can assist you to look upon in any venue of opportunities, instead of panicking it's better to check
and balance your funds,

There's always up and down make sure to know where to place your mindset, aim for better outcome and never to fall with your emotions
it leads you up to make a huge mistake and lose your money during the dip.

DeathAngel

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I certainly did not panic & sell on the current dip. I’ve been round the block more than a few times & am experienced enough to never sell when we’re going down.

Ghondronk

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Once you start to get more experience in the crypto market, you will realize that the dips are a normal phenomenon which can happen at anytime. A negative news, corrections, dumped by whales, and even "tweets" can cause a dip in the market. If you analyze the market trend carefully, even during the weekends you may see a dip which is quite significant. Hence, do not panic. Book your profit. Set stop limits, if necessary. Expect and be ready for a dip at any moment.

jamkesmas

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$CYBERCASH METAVERSE

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.

sulendra12

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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...

Don't generalize people that everyone have same kind of minset.

They are probably:
1. Afraid of losing more money, because there is a thing called cut-loss so they wouldn't want to suffer for more loses by just holding the dipped coins.
2. They need a quick money, who knows they need quick money for their urgent needs when the price is dipped.
3. They have set up their goals. Maybe they are in profit?

Cvetik56

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Absolutely not. I'm actually bought some more LTC, BCH and BTC. Who know when are we gonna get this chance to buy crypto on so low price.

Handsome Boy

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Quote from: tabas on June 02, 2021, 06:53:06 PM

I didn't sold during the last dip, I only sell if I really have to. Just ignore your friends that are pushing you to sell as they've done. Focus on your goal.
If your main goal is to hold, then don't be moved by them and remain focused on your goal of holding. The coins you hold will determine a part of your future.

I agree with you, panic sell will only make you lose your money, but if you hold and don't sell it when the price go down, then of course the money you invest can still grow when the price of coin that you invest increases very high, therefore it is better to hold and wait until the price increases again rather than you do a panic sell.

SDKmaster

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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.

For me the most important that the project will continue its development even inspite of the fall of the market. So it very important to check everything including the team of the project and their former projects.

tvplus006

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Quote from: Sendi blackspade team on June 06, 2021, 06:49:51 AM

Quote from: ?? on ??

Honestly speaking, I was shocked at the market dip and at once I thought of selling all the altcoins except bitccoin but then I realized to hold them, and honestly speaking I did right, because I have made one rule of the crypto trading that " Dont sell at loss" and it means patience = profit. Roll Eyes

just stay consistent with what you already believe. but for me, looking for profit is something for sure. and I will not waste my time waiting for the market to return to pick up my already declining capital.
I will sell and pick them up below. I've done that in several downs that happened in 2018 and 2019.

Now there is no certainty in the cryptocurrency market, so it is not known in which direction the next movement will be. Accordingly, those who sold at a low price may have a good opportunity to buy coins at a lower price in the future. In the near future, we will see whose strategy in the market turned out to be correct.

Topic: Did you fall for the current dip and sell off - page 3. (Read 1020 times)