I don't panic at all even though the price drop more than 10% in overnight because it just pure correction. The reason why i don't panic because i know what project i invested in, so i don't need to be worry when the price drop drastically in overnight.
this is an important point. If you are investing in a good project, there is no need to panic, unless you are investing in a new project that is still doubtful, it can usually cause panic when prices drop. 
Topic: Do not panic sell when there is dump - page 10. (Read 3080 times)
If you don't know when to sell and get panic when you see a dip, the best thing to do is setting stop-losses to minimize the loss which may occur. If you do it correctly, you might be able to make profits by buying them back from the dip. Else, you have to keep calm and not making any panic trades during the dump and wait till the market becomes normal.
Obviously this is not easy for newcomers to this market, when they will by default make a profit from it and don't care what it is. I firmly believe that if it's just an investment, you won't be patient with this market correction, it's too volatile and if everyone is ready to get x2 x3 x4 profits, be prepared to lose all money out 
I don't panic at all even though the price drop more than 10% in overnight because it just pure correction. The reason why i don't panic because i know what project i invested in, so i don't need to be worry when the price drop drastically in overnight.
yes I agree, we shouldn't panic sell, because panic sell only makes us lose, therefore I always recommend investing with money that is set aside for investment and investing in altcoin that do have a good product, so that if the price dump then we don't need to sell it, because we do use the money that is set aside for investment (not the main money) and of course by investing in altcoin that have a good product, then we don't need to be afraid, because the price will definitely increase again and of course give you a profit.
Sorry but this advice don't necessarily work on some situations, this is one of the reason stop loss was created on good exchanges to minimise lost.
Learn to minimise otherwise your hands will burn and when they do, you will find it difficult to amend.
Its better to have a stop loss and enter back into the market and gain some profit than live everything and watch the market die down kn red candle.
Stay safe.
Learn to minimise otherwise your hands will burn and when they do, you will find it difficult to amend.
Its better to have a stop loss and enter back into the market and gain some profit than live everything and watch the market die down kn red candle.
Stay safe.
It is easy to say these things than practice them. It is not everybody that has the emotion ability to see there investment going down in value then do nothing about it, most people would want to cut their losses. That's why I tell people to always take profit and move on before the market turn on them.
Very true. the purpose of investing is to get profit, sometimes people will wait and serve their greed, and of course that is very bad, especially in investing in crypto with very high fluctuations. selling is not a wrong thing to get a profit, so prioritize profit first
it is common for pump and dump to happen all the time. only people with strong mentality and emotions will win when that storm occurs. usually those who often panic are newcomers who do not have experience and knowledge of the world of cypto.
It is easy to say these things than practice them. It is not everybody that has the emotion ability to see there investment going down in value then do nothing about it, most people would want to cut their losses. That's why I tell people to always take profit and move on before the market turn on them.
No you're not, OP.
Actually it is common bad habit actually whenever their "hyped" coins or like whale dumps, they will do a panic sell along with everyone, but then whales would just hunt their sold coins turning it into their favor for future purposes.
Small time hodlers can't stand a chance from whales if they wanted to dump the price and increase it later on to earn profit because those who have a weaker hand or mind will get along with the whale selling their own crypto too and later on regretting not holding their own crypto. Actually it is common bad habit actually whenever their "hyped" coins or like whale dumps, they will do a panic sell along with everyone, but then whales would just hunt their sold coins turning it into their favor for future purposes.
I know its a true fact that no one should panic sell but bitcoin has been on a fall for days now…. I now we have been enjoying the historical rise in the past few months but for me actually i was actually expecting it to happening sooner… i just didn’t believe jeff would be the cause for this much dip in the crypto world… I thought individuals couldn’t or shouldn’t dictate crypto currency prices…. I just wonder what’s going to happen next
When investing or trading, the most essential thing is to have an entrance and exit plan; if you adhere to it, you'll be alright. When a coin pumps, something in you tells you that it's going to go up even higher, so set aside a tiny percentage for this. But if you think a currency is overvalued, sell and go since the dump is usually a huge dump, and you might lose everything.
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.
Trading with altcoins with high hype is a high risk if you are late in buying and continue to insist you will get a loss due to the dump of these altcoins. now I myself am more selective not to buy carelessly especially with the fluctuating market like today. you better choose another altcoin that can be analyzed with technical analysis.What do you think about this circumstance ? am i overthinking this ? share your views.
I am not a friend of technical analysis in this market. Often times the pojects are highly speculative and news have so much influence. How do you use technical analysis when an unexpected event happens? That is less often the case in the stock market.
Panic selling is an attitude mostly of newbies in cryptos because they get shock and get FUD due to a big dump and dip but I think its totally wrong attitude because I see plenty of old timer crypto enthusiasts saying that when there is a dip its goods to buy and accumulate another hodlings and they dont panic.
There are always some panic sellers in every coin, even top coins such Bitcoin or Ethereum too.
When dump happening, we should not follow to panic selling, we can find out what is the cause of the dump.
Remember, in top coins, there are always whale who ready to eat the dip if we panic sell the coin.
in my opinion it depends on how the method is played in trading, if the method that is often played is long term then don't panic too much when the price starts to surge, but if the method used in trading is short term then it shouldn't hold coins that already have the advantage of this price increase. in my view like that.
Long-term trading is more time-oriented, he doesn't think much about getting quick profits, so if dumping occurs they will only observe, it is different from short-term trading, more oriented to the profits that can be generated in a short time, and must have a target minimum profit that must be obtained
yes ,, it must all be in accordance with the basic method. if someone often uses the short term method then the increase is an opportunity for them. but if the method used is long-term, of course, you have to be patient according to the time and price that has been previously targeted.
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 problem is, we don't know if the dump is really dump market or it is just the whale's trap to buying back more later.
I think if we know the project is solid and good, then we should ignore the dump because it is likely only the whale's trying to manipulate the market.
they are investors who take advantage of market conditions. as today investors with large capital can manipulate trades in the market. they deliberately sell their assets in large amounts which makes a correction and they are ready to buy again when more and more smallholders panic sell their assets.
we are already seeing a lot of corrections and huge dumps taking place in the market. we don't have to panic to see it because we know the market will always improve when it finishes passing the moment.
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.
Yes it is not easy. As novice, determining low and high is already difficult. When I start in crypto last 2017, BTC price was already high for me then I am talking to my cousin on the other day asking about how to trade. He saw BTC price around $50K. He told me that it is very expensive. I have seen myself on him because during the time that he checked BTC, it was down compare on the previous days/weeks.
Another, I think it is more effective when your coin is really a good coin. I have alts before that become worthless. I kept holding it assuming that it will pump on the next weeks or months but it does not happen.
Controlling my emotions is the most difficult part of hodling cryptocurrencies, the fear of losing when there is a massive dumping is absolutely difficult to control, a lot of thoughts will overshadows my mind, with these questions when is this correction going to end? will it last for weeks or month? should I dump my coins to minimize losses or keep hodling hopefully there might be a turn around, these are some issues that keep on bothering my mind, however I believed I have overcome it now.
Panic selling is an attitude mostly of newbies in cryptos because they get shock and get FUD due to a big dump and dip but I think its totally wrong attitude because I see plenty of old timer crypto enthusiasts saying that when there is a dip its goods to buy and accumulate another hodlings and they dont panic.
Not all selling when there is a price correction called "panic selling". Sometimes we misinterpret it and I don't know why? Because the truth is that, everyone has entitled to sell their crypto at any time, we don't act like we don't do this. Think that buying at $20k and you never sell it even though the price is already at $50k because you are afraid that someone calls you a panic seller? No, it's not. Because if you are a smart investor, you will take every opportunity that arrives for you. Because IRL, people are not coming just to keep buying and buying crypto, but they are here for a reason to make a profit and that is why they sell their Bitcoin and altcoins.
Panic selling is an attitude mostly of newbies in cryptos because they get shock and get FUD due to a big dump and dip but I think its totally wrong attitude because I see plenty of old timer crypto enthusiasts saying that when there is a dip its goods to buy and accumulate another hodlings and they dont panic.
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