Topic: Do not panic sell when there is dump (Read 3095 times)
Cryptocurrency bear market is always an offset for newbie, because must time newbie don't know what exactly is the cause of the dump, so in regards to that, newbie panic and emotions will come and play its role, at this point patience is really needed if not newbie will sell at the dump thinking he is loosing his entire money and it will never come back again. But that's not the reality, the reality is that even with the dump, our assets is still there all we need is time so that it will recover and then we calculate profit.
Listen to the hodlers. Everytime you panic and sell, you will lose in the long term. You might get lucky and hit a lucky streak where you guess the right false-bottom and the true bottom but in the end it all depends on luck. And seeing as the crypto market has proven itself resilient and deflationary, I think betting in the opposite direction of that is a foolish move for any trader, no matter how experienced they are...
Panic is a bad thing, when we panic we cannot think logically so emotional control is needed when we invest or trade cryptocurrencies, the most important thing is that we must understand that cryptocurrencies need time to profit so when the market dumps, waiting and being patient is the best thing .
It's tough seeing that the value of your assets are falling, without the right attitude emotion will surely push your to sell and follow the trend, that's why many experienced traders always advise not to invest with the money that you are not willing to lose, the logic is you can't hold longer time frame if you are not ready to forget about the amount that you invested.
It's much easier for trader to leave the exchange when dumped is ongoing to prevent rushing their decision if they belive that it will bounce back,.
I really feel sad for the new crypto investment who would always come in when there is a hype and crypto currency and the market pumps but soon as the market that dipping they dont know what to do and start selling to at least get some of there money back…. Make your research when investing in a project and know that its never too late to invest in crypto
Panic is a bad thing, when we panic we cannot think logically so emotional control is needed when we invest or trade cryptocurrencies, the most important thing is that we must understand that cryptocurrencies need time to profit so when the market dumps, waiting and being patient is the best thing .
Sometimes when a coin pumps hard and starts to dump, novice will panic sell due to fear or other reasons, while the whales will buy up the dump and mop it all and then pump it even harder.... So don't always panic sell, be in control of your emotions, although it isn't easy, but with practice you will perfect and master it.......Every new trade is a journey and a new destination......
Well here we are again, in dumping season in which the market is Redding again and i really hate seeing this kind of momentum . since this is what manipulators wanted to happen , to shaken the market and react those Weak hands and panicking and then "Welcome Money Bag" .While i keep my funds inside my wallet yet i have no spare amount to re invest while the market is in this discounted position.
The decision to sell during a price dump isn't as simple as a panic and sell. A lot is dependent what price you bought your coins at, when price it is before the dump started and also what price it is at presently.
but why Panic and sell when you make it Panic and Buy? instead of joining the panicking why not help the market stays in position by not contributing to the domino effect?Quote
If you are able to get it at a great lower price, then there is nothing wrong with selling part of your cryptocurrency holdings if you fear that a dump is about to happen or is happening, it is wrong however to hold unto coins you bug at a ridiculously high price due to FOMO because you want to recoup tge prices that you paid for such coins
That is a far different idea, because if you are a HOLDER then you will not be concern if how much is the price now or tomorrow but what is the price in your scheduled selling . Sometimes when a coin pumps hard and starts to dump, novice will panic sell due to fear or other reasons, while the whales will buy up the dump and mop it all and then pump it even harder.... So don't always panic sell, be in control of your emotions, although it isn't easy, but with practice you will perfect and master it.......Every new trade is a journey and a new destination...... Always dyor
What do you think about this circumstance ? am i overthinking this ? share your views.
What do you think about this circumstance ? am i overthinking this ? share your views.
The panic caused to beginners will continue to be used by PAUS in buying, so that when the recovery is complete, he will continue to benefit, for beginners if a dump occurs they will panic even more, due to lack of knowledge and experience in investing, it is necessary to control emotions and practice must remain improved, so that in the future they will master every problem that is caused, so that finding a way out is not so difficult.
I think people who panic in trading are people who have just started it and those who don't make their trading strategies. i think someone who has made their trading strategy then no panic hit them. therefore it is better before making a trade by throwing large funds then making a trading strategy is the most important step that must be done.
Strategy is the most important thing in every trade, but there is something more important than that is how to understand trading very well and also how to understand market conditions optimally, because it is much more important than a strategy because strategies can be asked or learned from people experienced ones, while that way of understanding it would be much more difficult for anyone to explainbecause seeing the market in a bad state is a test for a trader and investor in dealing with their psychology to hold assets or carry out the most appropriate tactics.
Understanding trading well & understanding market conditions optimally will usually automatically be obtained in a strategy that has been made by a trader, without a strategy one will not know how to trade and market conditions. I think strategy is the most important thing in trading.
for a trader who has a good strategy, if the market conditions are bad then it doesn't become a barrier in his trade
The decision to sell during a price dump isn't as simple as a panic and sell. A lot is dependent what price you bought your coins at, when price it is before the dump started and also what price it is at presently.
If you are able to get it at a great lower price, then there is nothing wrong with selling part of your cryptocurrency holdings if you fear that a dump is about to happen or is happening, it is wrong however to hold unto coins you bug at a ridiculously high price due to FOMO because you want to recoup tge prices that you paid for such coins
If you are able to get it at a great lower price, then there is nothing wrong with selling part of your cryptocurrency holdings if you fear that a dump is about to happen or is happening, it is wrong however to hold unto coins you bug at a ridiculously high price due to FOMO because you want to recoup tge prices that you paid for such coins
Sometimes when a coin pumps hard and starts to dump, novice will panic sell due to fear or other reasons, while the whales will buy up the dump and mop it all and then pump it even harder.... So don't always panic sell, be in control of your emotions, although it isn't easy, but with practice you will perfect and master it.......Every new trade is a journey and a new destination...... Always dyor
What do you think about this circumstance ? am i overthinking this ? share your views.
What do you think about this circumstance ? am i overthinking this ? share your views.
In the crypto space, bull and bear are two seasons which one cannot run or hide from, and where bull run is easier as people can create and benefit from good portfolio, bear tends to challenge your stand on coins you trust, thus the reason why a lot of people always dump at loss when the market is down. Also, currently, there are lots of good projects out there, and most people who failed to buy their desired coins and tokens at a good price, while leverage the bear market to build a nice portfolio of good projects.
In the same way, it is sometimes hard to advice someone to hold during a market dump, as such person seeking advice about holding or not might not have done his research on good coins and tokens prior to the market dump.
Thus lastly, holding good coins is very good as it will give the holder some sort of assurance that what the team are working on, is capable of making the coin in question to last long term hence with this, no panic selling during a market dump.
In trading activities, we risk our money and once we enter a transaction, we are like riding a roller coaster of emotions.
That's why a trader must also learn about trading psychology in order to control his emotions when trading.
A trader who cannot control his emotions, nor can manage his money
Success in trading is the result of a combination of strategy and well-controlled emotions.
That's why a trader must also learn about trading psychology in order to control his emotions when trading.
A trader who cannot control his emotions, nor can manage his money
Success in trading is the result of a combination of strategy and well-controlled emotions.
It's good to think about this, meaning that you focus and don't rush to see dump conditions and pump harder on existing coins, basically this kind of thing happens almost often in crypto, even worse than what is happening now, for beginners things this becomes a big problem if a dump occurs, even though almost every time this happens in the crypto space, if panic cannot be handled properly, then the investment opportunities made will meet with poor results, because investment is actually a pattern of seeking maximum profit.
Newbies don't have the mentality when seeing drastic dumps in the crypto market so they decide to cut losses to avoid higher losses, actually we don't need to rush to respond to market crashes because volatile markets don't cause prices to stabilize all the time, sometimes markets need to break to achieve even higher improvements in the future.
It's good to think about this, meaning that you focus and don't rush to see dump conditions and pump harder on existing coins, basically this kind of thing happens almost often in crypto, even worse than what is happening now, for beginners things this becomes a big problem if a dump occurs, even though almost every time this happens in the crypto space, if panic cannot be handled properly, then the investment opportunities made will meet with poor results, because investment is actually a pattern of seeking maximum profit.
Newbies don't have the mentality when seeing drastic dumps in the crypto market so they decide to cut losses to avoid higher losses, actually we don't need to rush to respond to market crashes because volatile markets don't cause prices to stabilize all the time, sometimes markets need to break to achieve even higher improvements in the future.then its normal that you would really be panicking specially if you dont have sufficient knowledge but once you do have this and able to aware on things in the market then you would
know on what are the things that you should do on at least lessening the risk that you could really able to experience.
But you have to stay composed, this is a risky game, if you lose that composure, you will panic and will make a bad decision. This is the moment where some investors do panic selling, so I guess the right way to counter it in a positive way is to do panic buying as well.
It's good to think about this, meaning that you focus and don't rush to see dump conditions and pump harder on existing coins, basically this kind of thing happens almost often in crypto, even worse than what is happening now, for beginners things this becomes a big problem if a dump occurs, even though almost every time this happens in the crypto space, if panic cannot be handled properly, then the investment opportunities made will meet with poor results, because investment is actually a pattern of seeking maximum profit.
Newbies don't have the mentality when seeing drastic dumps in the crypto market so they decide to cut losses to avoid higher losses, actually we don't need to rush to respond to market crashes because volatile markets don't cause prices to stabilize all the time, sometimes markets need to break to achieve even higher improvements in the future.then its normal that you would really be panicking specially if you dont have sufficient knowledge but once you do have this and able to aware on things in the market then you would
know on what are the things that you should do on at least lessening the risk that you could really able to experience.
It's good to think about this, meaning that you focus and don't rush to see dump conditions and pump harder on existing coins, basically this kind of thing happens almost often in crypto, even worse than what is happening now, for beginners things this becomes a big problem if a dump occurs, even though almost every time this happens in the crypto space, if panic cannot be handled properly, then the investment opportunities made will meet with poor results, because investment is actually a pattern of seeking maximum profit.
Newbies don't have the mentality when seeing drastic dumps in the crypto market so they decide to cut losses to avoid higher losses, actually we don't need to rush to respond to market crashes because volatile markets don't cause prices to stabilize all the time, sometimes markets need to break to achieve even higher improvements in the future.
For someone who is a professional knows how crypto works, dumps and pumps are commonplace because the crypto market cycle works properly like bullish, bearish and sideways.
experienced traders understand the benefits of this market cycles, they are always looking for opportunities and they are not rushingin observing every possible entry and exit point to have some decent profits.
Quote
we just need to set the right way of choosing the right time to enter the market and when to exit the market.
Very possible if you first understand how the market works, as you'll be able to predict the next market movements.Quote
if there is a panic sell there is no need to worry we just need to wait for the right moment for the pump trend to return. this is a way to control our psychology
Best to practice to always keeps your emotions away, make sure to analyze if there're potentials and if the market already dips better tobuy and wait for the bounce to collect good profits.
What is been briefed on the opening post is the process by which whales acquire the holdings of the small volume holders. This is in practice long ago itself. In the past when there is bear trend in the market the whales once again add some negative news to it. This will cause the market dump further and the whales make use of the opportunity and lets them hold more at a much lower cost.
Compared to the past now the people and the cryptocurrency investors are well mature. Very few are into panic about the market whereas majority just keep hold and tries to make use of the dump market by adding more cryptocurrencies to the portfolio.
Compared to the past now the people and the cryptocurrency investors are well mature. Very few are into panic about the market whereas majority just keep hold and tries to make use of the dump market by adding more cryptocurrencies to the portfolio.
For someone who is a professional knows how crypto works, dumps and pumps are commonplace because the crypto market cycle works properly like bullish, bearish and sideways. we just need to set the right way of choosing the right time to enter the market and when to exit the market. if there is a panic sell there is no need to worry we just need to wait for the right moment for the pump trend to return. this is a way to control our psychology
Sometimes a coin pumps hard and starts dumping it's volatility in the flow of cryptocurrencies, to attract attention and more people interested in investing.
When participating in investing in any field, the most important thing you need to do is learn about it, control your emotions and accept everything that happens, don't always listen to rumors. "bubble" news and panic.
For experienced investors they will not panic sell once they have bought the currency they are familiar with.
That is why it is always said that whenever we are about to enter the crypto world, we must be ready to take risks, manage risks and emotions well, and fund our capital.
When participating in investing in any field, the most important thing you need to do is learn about it, control your emotions and accept everything that happens, don't always listen to rumors. "bubble" news and panic.
For experienced investors they will not panic sell once they have bought the currency they are familiar with.
That is why it is always said that whenever we are about to enter the crypto world, we must be ready to take risks, manage risks and emotions well, and fund our capital.
I think people who panic in trading are people who have just started it and those who don't make their trading strategies. i think someone who has made their trading strategy then no panic hit them. therefore it is better before making a trade by throwing large funds then making a trading strategy is the most important step that must be done.
Strategy is the most important thing in every trade, but there is something more important than that is how to understand trading very well and also how to understand market conditions optimally, because it is much more important than a strategy because strategies can be asked or learned from people experienced ones, while that way of understanding it would be much more difficult for anyone to explainbecause seeing the market in a bad state is a test for a trader and investor in dealing with their psychology to hold assets or carry out the most appropriate tactics.
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