Do not panic sell when there is dump - page 11.

SistaFista

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Quote from: Lorokan on April 17, 2021, 02:08:18 PM

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.

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.

Dexion

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Quote from: mulia sabee on April 24, 2021, 02:36:36 PM

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

mulia sabee

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Quote from: Lorokan on April 17, 2021, 02:08:18 PM

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.

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.

fahmimajannat

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Yes its a very common mistakes among the new traders.
They invest but can't hold. You have to understand that you can't take entry in the bottom. Because none can spend time 24 hours in trading. So after you buying the price may drop. Its doesn’t mean that it will never up again. So stop selling in panic.

Yamifoud

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Quote from: cyriljundos on April 24, 2021, 04:33:09 AM

It actually depends on the situation, if you have big amount of investment in a specific altcoin it is very hard not to panic in the dump times. But im trying to be calm and do some plan to overcome those losses and be effecient in trading. I think you must do your plan B if your coin got dump .

Don't let your emotion fool you, may it be in bull run or bear run, you always have to make the right decision. It's normal in the market ot see a bull run and a bear run but it's not right if we don't see an opportunity on two different situation.

cyriljundos

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It actually depends on the situation, if you have big amount of investment in a specific altcoin it is very hard not to panic in the dump times. But im trying to be calm and do some plan to overcome those losses and be effecient in trading. I think you must do your plan B if your coin got dump .

llecrf

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It is not easy to overcome the level of panic when the price of the coins we have is falling and losing hundreds of dollars in a few days, therefore every investor who enters the crypto space already knows that it will happen, then when the crypto market starts to turn red and all price of the coin will drop, they already know what to do, sell at a slight loss or wait for the market to recover

carlisle1

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Quote from: awakpane on April 23, 2021, 11:09:44 AM

Quote from: Lorokan on April 17, 2021, 02:08:18 PM

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.

In my view, this could be good depending on the conditions and the coin which has strong fundamentals. Sometimes other people throw coins for a million logical reasons and have analyzed them. therefore keep gathering good information and researching the coins so you can make the right decisions

Keep doing your good research and make sure to follow all the channels where you can gathered deeper
information about the coin that you are supporting.

If there's no further development expect that during the correction your asset may also experienced reducing it's value,
very normal since most of the traders and investors are trying to sort it up or some might cutting their losses.

During this event, if you have good amount of extra savings and you are willing to take another risk,
adding more to your assets may bring you much decent benefits.

Btc_1856

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Quote from: rajakulam on April 23, 2021, 04:26:34 AM

In Crypto investing, experience is the top priority, because with experience we are smarter in taking action when it's time to buy or when it's time to sell our crypto assets, because I personally often panic when I first invest especially when my coins suddenly dump.
[/quote

Panic is a most things everyone will experience when the market is dropping, without experience, we cannot learn, others live experience will guide to us but it cannot give a complete idea about the market. So after investing we might experience and it will help to protect our investment later.

carrie_white

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panic sell happens to anyone, especially new investors in the world of crypto. Sometimes the coins that we invest have dropped in price, not because of a problem with the coin itself, but indeed the crypto market conditions have experienced a disaster, so it's only natural that our coins go down, sometimes the market also experiences market correction, so don't panic first

Vaculin

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Quote from: slaman29 on April 23, 2021, 06:58:09 AM

Quote from: Anonylz on April 23, 2021, 06:35:38 AM

Unfortunately, panic sellers already doing what they know how to do best, panic seller for cheap price and buy back later at high price when the market recovers, this is usually the case with most people, they can't bare to see the market dip a bit before they panic and sell off their assets, experience should be the best teacher but some people are still not use to dip i guess

You say unfortunately I say fortunately. If sellers don't panic and nobody budges than we never get Bitcoin at dips and there are less and less new owners (since new owners may be unwilling to buy without seeing 20/30% dips happen in a few days.

The more these socalled sellers let go now and let go early, the better we have people getting in long term willing to keep buying it up.

Long-term investors are willing to take care of them. If these weak hands or panic sellers will dump their Bitcoin, someone will also buy their Bitcoin.
No matter what we say, "just keep calm, don't panic", the truth is that we are wasting our time giving that advice coz they just simply ignore that and do what makes them happy. But the question is, are they? Regrets just come next, and then they will show up asking why?

awakpane

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Quote from: Lorokan on April 17, 2021, 02:08:18 PM

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.

In my view, this could be good depending on the conditions and the coin which has strong fundamentals. Sometimes other people throw coins for a million logical reasons and have analyzed them. therefore keep gathering good information and researching the coins so you can make the right decisions

stvhnks

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I think it is normal for newcomers in cryptocurrency to experience panic selling whenever there is a dump. But there is a difference if you're going to sell the asset emotionally or rationally.

max6575

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slaman29

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Quote from: Anonylz on April 23, 2021, 06:35:38 AM

Unfortunately, panic sellers already doing what they know how to do best, panic seller for cheap price and buy back later at high price when the market recovers, this is usually the case with most people, they can't bare to see the market dip a bit before they panic and sell off their assets, experience should be the best teacher but some people are still not use to dip i guess

You say unfortunately I say fortunately. If sellers don't panic and nobody budges than we never get Bitcoin at dips and there are less and less new owners (since new owners may be unwilling to buy without seeing 20/30% dips happen in a few days.

The more these socalled sellers let go now and let go early, the better we have people getting in long term willing to keep buying it up.

Questat

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Quote from: Anonylz on April 23, 2021, 06:35:38 AM

Unfortunately, panic sellers already doing what they know how to do best, panic seller for cheap price and buy back later at high price when the market recovers, this is usually the case with most people, they can't bare to see the market dip a bit before they panic and sell off their assets, experience should be the best teacher but some people are still not use to dip i guess

That's right, that's why they'll never succeed in the long run as they easily panic, both panic selling and panic buying which they are taken advantage by the smart traders. Just like what happen now, bitcoin dumped below $50k and altcoins experienced worst, and it will not happen if people did not panic.

Anonylz

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Unfortunately, panic sellers already doing what they know how to do best, panic seller for cheap price and buy back later at high price when the market recovers, this is usually the case with most people, they can't bare to see the market dip a bit before they panic and sell off their assets, experience should be the best teacher but some people are still not use to dip i guess

cryptobull27

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this looks good time to buy more and more. this DIP really looks juicy to me.. yumm very very juicy

DeathAngel

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The entire cryptomarket is a bloodbath at the moment, no need to worry. Bitcoin is still in the middle of a bull market, corrections like this are normal. When bitcoin begins to recover alts will follow.

Do not panic sell.

Lizzylove1

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Christ The King

Sometimes, it's equally good to panic sell, as the crash may just be a continuous one, it's good we first know what is causing the quick dump, if it's an integrity issue or a major technical bridge, one needs to sell off and wait for the waves to be calm. If the projects are established ones already solving complex problem, one can just hold.

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