Do not panic sell when there is dump - page 13.

nicecrypto

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Quote from: Lorokan on April 17, 2021, 01:08:18 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.

True and I most confess that I have been a victim of this but like you said, every new trade is a journey and I have certainly learn a few over the years of crypto trading. Even when you think you enter the market at the right time, it might starts to dip immediately after and if you are not in control of your emotions, you might end up losing more than you bargained for. I really believe knowing the market and being in control of your emotions helps in crypto trading.

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Quote from: Lorokan on April 17, 2021, 01:08:18 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.

This is the real problem of every newbies entering the world of crypto, they tend to panic sell every time they see a massive dump which I think is wrong characteristic of a crypto enthusiasts. As a newbie, you need to think on the other way that every time that there is a dip its a good time to buy more and hodl more because once that it pumps once again it will definitely profitable in your part.

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Quote from: Lorokan on April 17, 2021, 01:08:18 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.

There are times the dumping going straight down and no support from whales. All I can say is before making the trade it should be planned, knowing your entry and exit point. And always set a stop loss if there are sudden price dumps to avoid big losses. When the trade is planned you know what to do, when there is no plan you will really hesitate and you don’t know what to do.

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Quote from: Lorokan on April 17, 2021, 01:08:18 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.

Look at the brighter side every time that there is a dump, think that it is the opportunity to buy, accumulate and increase your hodlings because I always believed that after experience a dump, massive pump follows.

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Quote from: Lorokan on April 17, 2021, 01:08:18 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.

Do not let your emotion drive you. Instead of panic selling, thinking of the posibilities that can happen after the big dump. Make a clear judgement so that even when you lose your money, you still realize something. Panic selling only cause more pain to what's already happen. Cool

Just hold your coin. Do not sell it. Only accumulate

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a price jump puts a person's emotions out of control, as they are forced to make quick decisions so as not to lose even more assets. In fact, if someone experiences panic sell and repeats it at least 3 times, he will get valuable experience and certainly will not repeat the mistake again because he understands that the price will return to normal in some time to come.
some greedy people take advantage of bloody market moments as a way to get more coins because of the discounts offered.

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Quote from: kawetsriyanto on April 21, 2021, 06:38:28 PM

Pump and dump are always happening. If a person is already a long time in crypto and learns well how the crypto market works, he mustn't be panic once there is a dump. We are still in the bullish season, there is a lot of chance of the crypto prices to increase again. Why we must be panic? What we should do is to keep holding and don't be affected by FUDs.

and one way to avoid panicking and being affected by fud is to have sufficient knowledge related to market analysis. without having a basic market analysis, we will just be carried away, easily affected by fud so it's easy to panic buy or sell. at least, by having a basic analysis we can determine the timing and predict the direction of market movements.

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Pump and dump are always happening. If a person is already a long time in crypto and learns well how the crypto market works, he mustn't be panic once there is a dump. We are still in the bullish season, there is a lot of chance of the crypto prices to increase again. Why we must be panic? What we should do is to keep holding and don't be affected by FUDs.

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Panicking when the prjce alof a coin or token goes down is born from poor understanding of how price moves in the financial markets.
The FX or commodities markets for example sees this occasional positive and negative swings in price action from time to time and no one really panics when this happens.
A price dump is just as normal as the pump and to be a successful investor, you need to be comfortable with taking the drawdowns

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that's right, we shouldn't panic sell, because it is a natural thing if the market is experiencing a correction, so of course if the price is going down, then we just need to hold and buy more, because if the price starts to increase very high again (bull run), then of course we will get a big profit, therefore we must continue to hold and never do panic sell when the price is going down.

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The main thing when investing or trading is to have good stop loss and take profit technique, when you adhere to this you will be fine, at time a coin pump and there is something in you revealing to you that it is likely it goes up more so leave a little part for this segment. But when you have a feeling that a coin is overvalued simply sell and run on the grounds that the dump is consistently super dump and you can lose every one of your profit.

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Maybe for people who are accustomed to crypto when there is dumping will not panic and rush to sell existing assets before the losses get worse, even though in the pace of the crypto market this is a common thing, it would be nice to keep your emotions in check and watch the market, if indeed it is not possible to get up, just sell half of the assets while monitoring who knows, there will be another pumping of the assets you have.

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Quote from: albon on April 21, 2021, 04:15:08 PM

Quote from: amihada on April 21, 2021, 02:23:30 AM

I have experienced the same thing, I sold tokens at a low price because the tokens I was holding fell drastically at that time I thought the price would not go up again but after I sold the token prices went up drastically and I regretted doing so. from there my lesson is no longer careless because I got a big loss.

It is good that you learn from your mistakes so that you do not commit them again, as for the dump of the currencies that you hold, this is expected due to a volatile crypto market, you must hold your coins until the market pump again, I advise you to buy when you find the market is dumping.

It is really good to learn from our mistakes, it is not necessary to make any mistake, that is why everybody here is making some mistake, however as l said it is more important to learn something from it. Nowadays BTC has decreased to 55k, and it affects also the price of other currencies. However, it will change in the near future, because BTC has reached 45k and after two weeks BTC reached 60k. No doubt the history will repeat, we should not sell our currencies in this situation.

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Quote from: bittick on April 19, 2021, 05:02:12 AM

Quote from: martina14 on April 18, 2021, 04:50:27 PM

I noticed that most of the time novice was the prime victim of Fomo, why? Because, newbies obviously are zero knowledge here in cryptocurrency,so the result of course , they always loss their assets. In which is not supposed to be happen to them if they begin with study to feed themselves everything here in this type of business anyway.

Well to be fair most of newbies have literally zero experience in term of going against the market manipulation that could hugely affect our psychology hence why they're called newbie and even if someone read so many books they gonna have a hard time to trade in real market because it's just so many moving parts that contributes to the price. They need to alteast experience before hand that they could be easily manipulated and become victim of the market and that's also exactly how I've learned from my experience. Those books and those quotes that people keep saying everyday won't do anything if someone hasn't experienced it yet.

There are tons of manipulators in the world, that is not a secret, they have tons of money and they do everything in their power to make sure that they never lose money, even if they end up at the wrong side for a while, they will use their money to find a way to bring that price back to where they want.

If they said btc will fall and it went up, they will use all their power to bring it down, if they said it will go up, they will use all their money to bring it back up. So at the end of the day these people do exist and that is not a lie or a secret. However one thing is for sure, we are talking about crypto here and in crypto world we combined have as much power as they do, we can get our voices heard as well, with all of us acting together we have a bigger voice than just one whale.

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Quote from: amihada on April 21, 2021, 02:23:30 AM

I have experienced the same thing, I sold tokens at a low price because the tokens I was holding fell drastically at that time I thought the price would not go up again but after I sold the token prices went up drastically and I regretted doing so. from there my lesson is no longer careless because I got a big loss.

Everyone has this kind of experience that we have regretted to sold at a very early time. If we can just take back the time, I'm sure that most of us would be patient enough and won't sell even at the saddest days of the market that shows a lot of drop from time to time.
Because we have realized and experienced that it's not going to be down forever and there's always a recovery trend.

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Quote from: amihada on April 21, 2021, 02:23:30 AM

I have experienced the same thing, I sold tokens at a low price because the tokens I was holding fell drastically at that time I thought the price would not go up again but after I sold the token prices went up drastically and I regretted doing so. from there my lesson is no longer careless because I got a big loss.

It is good that you learn from your mistakes so that you do not commit them again, as for the dump of the currencies that you hold, this is expected due to a volatile crypto market, you must hold your coins until the market pump again, I advise you to buy when you find the market is dumping.

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Quote from: Lorokan on April 17, 2021, 01:08:18 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.

Sometimes whales dump the coin to the market so the price can be lowered to buyback later, in other words, it is a bear trap.
It is the opposite of bull trap, the purpose is to buyback with more amount of coin because the price become more dump.
So, we should not fall into the whales trap by following to sell the coin when the dump happen.

shoreno

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why will they panic sell , didnt they sold thier coins during the pump ? then they are really going to panic because they are unprepared but thier noobness cause this . theres still a chance that they will rework this if they will take this business seriously . whales dont only buy at the dip but whales can also sell at the pump .

Quote from: Lorokan on April 17, 2021, 01:08:18 PM

Every new trade is a journey and a new destination......

indeed . they shouldnt hung up in one trade but they should have a goal for it and then proceed/move on to the next . they shouldnt beat thier selves in the past but instead improve thier game next time

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I have experienced the same thing, I sold tokens at a low price because the tokens I was holding fell drastically at that time I thought the price would not go up again but after I sold the token prices went up drastically and I regretted doing so. from there my lesson is no longer careless because I got a big loss.

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Quote from: Luffygroove on April 21, 2021, 02:09:11 AM

Back in 2017, I felt the same. I used to be a panicky one. I can feel cold sweat all over my body whenever I faced the dump. I did panic sell and then I regret it cause eventually the price was increased after that. It's really frustrating. Probably because it was my first time and I didn't know the trait of cryptocurrencies at that time.

If you are talking about bitcoins then that might be on 2018 and not in 2017 as we were into stronger bull run in 2017 (I agree there were some months in red even in 2017 but overall that year must be a good year for this crypto space and very rarely people might have got panic).

Quote from: Luffygroove on April 21, 2021, 02:09:11 AM

Along the way, I started to learn that whenever bear season comes, then after that bull season will arrive. Bear season is just a moment when whales accumulate their assets and then sell it when bull season comes, so yeah many times I hold my tokens or accumulate it too when the price dumped.

Yes, when you are learning out of your experience then definitely you will get good control over your emotions. We must need to understand the cycle of market fluctuations because it is definitely happening on some pattern; only for the people who never find time to understand that kind of pattern will definitely go emotionally failed.

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