It depends on which cryptocurrencies it is associated with, because if this happens with top cryptocurrencies, then of course, as we know, if the top cryptocurrencies fall very much in price, then same these top cryptocurrencies will rise in price again after a while, but with new cryptocurrencies, the opposite is true, because most of the new cryptocurrencies after a while will simply disappear by various reasons and therefore investing in new cryptocurrencies is always a huge risk.
Topic: Do not panic sell when there is dump - page 15. (Read 3041 times)
This is the plain truth, I totally agree with the op, but just like some other guy already said here, it's easier said than done, I have been a victim of this circumstances many times I can't remember, but my last experience taught me a bitter lesson, now, I've learnt the hard way, I've always sold all my holdings at a little pump cus of fear that the market might start dumping, I sold all my 28 Ethereum last year at the price of $450 usd each, till today, am still regretting that decision, I've promised myself that I will never make such a mistake out of fear again, now, am determined to always hold until my target price is reached even if it will take 2 or 3 years, I no longer care.
Yeah, this kind of thing that affects our psychology only best learnt from our own experience by making stupid decision and regret it, I personally have missed the opportunity to sell high many times just because I was too early at thinking of dumping, I was also holding so many doges back then and sell it for some measly amount just because I thought the coin has no promising future somewhat turns out I was wrong but such thing definitely out of my control so regretting just gonna adds the pressure and stress lol. Now I become more chill though, dumping and pump usually I don't really care as long as the coin is good and promising enough for long term.
I think only newbies would actually panic sell at this point which i think is a learning curve for them because we all passed through it and i think its a good way of learning for everyone... in some days time we all know bitcoin and ethereum are going to have a new all time high and in my own opinion i think bitcoin is going for $100,000 but who am i to predict.... just Hold you crypto asset and wait out the storm
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This is the plain truth, I totally agree with the op, but just like some other guy already said here, it's easier said than done, I have been a victim of this circumstances many times I can't remember, but my last experience taught me a bitter lesson, now, I've learnt the hard way, I've always sold all my holdings at a little pump cus of fear that the market might start dumping, I sold all my 28 Ethereum last year at the price of $450 usd each, till today, am still regretting that decision, I've promised myself that I will never make such a mistake out of fear again, now, am determined to always hold until my target price is reached even if it will take 2 or 3 years, I no longer care.
Yeah, this kind of thing that affects our psychology only best learnt from our own experience by making stupid decision and regret it, I personally have missed the opportunity to sell high many times just because I was too early at thinking of dumping, I was also holding so many doges back then and sell it for some measly amount just because I thought the coin has no promising future somewhat turns out I was wrong but such thing definitely out of my control so regretting just gonna adds the pressure and stress lol. Now I become more chill though, dumping and pump usually I don't really care as long as the coin is good and promising enough for long term. 
a first step to be able to read the movement of tokens that will plunge free from the hope of wanting to release all but that there must be a calculation of whether the development of these tokens can be relied on or not, for example, just a pump or a game in the market, we have to be patient so we don'tthere is the next disappointment..
If you bought a coin at the highest price and after that it doesn't go up again, I think panic selling is a natural thing. cuttoss is the best thing to reduce losses, you better wait for a cheap price and buy it back in order to get the maximum profit.
Crypto investing is indeed very risky, in accordance with the words high risk high return, sometimes the market dump is also a challenge in investing, and we must be able to decide that we must continue to believe not to sell or cut losses and accept losses, my advice is that you have to learn more deeply about crypto world before making a decision
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 no longer either strange, especially for those new to fomo following this market, when people get a little bit of profit, people have more confidence but when there is a strong correction, the psychology of panic. Worry that bitcoin will fall down really hard. I have always believed and thought that the current trend is general, and looking at the long term direction I think the point of the market boom could be the beginning of Q3 in 2021. What do you think about this circumstance ? am i overthinking this ? share your views.
New to crypto will surely have a lot to learn especially controlling their feelings when there is a massive corrections in the market because for sure they are scared of their investment turned to zero that's why they intended of losing than having profit of panic selling.
this stage in everyone's life must happen sooner or later. Those who entered recently and received the first negative will force them to reconsider their attitude to trading. Here not only trade is a plus - this is life.Learning by experiencing
Otherwise you don't really get used to the temporary pain, you really have to experience it. It is annoying but an important part of the learning process if you ask me. 
When prices are dropping, there's always the tendency that one would like to sell out, Inorder to avoid running into losses, but it's best to plan your trade and set stop losses. With this you're not thrown off balance where you may find it difficult to make logical decisions. Trading requires a great deal of wit and following the crowd may not be the best move.
Stop loss makes sense, anyone who bought at 64k and put a stop loss to 60k would have been in profit if they bought at around 53k or so back again. However many people still do not how to put a stop loss and that is why they are losing money as well. There are too many newbies in the crypto world, that is just a fact, because we have increased so much this year, that caused people to get into bitcoin a lot and that is why we are in a situation where a lot of newbies helping us go higher, but those same newbies that helped us to go up also causes us to go low as well when they do something noobish.This is why I do not know if it is good to have this many new people or not right now. However those newbie people will gain experience and become a great crypto person, none of us started being a crypto expert, which is why it is good in the long term.
The initiative of newbies in the industry who still not basically know how the market works, is to sell when they see a sudden dump on the prices of the cryptocurrencies they have invested their money with whether it is on Bitcoin or Altcoins. They have the fear of getting the experience of having loss for they think that it will continue to work on that and that they might never have the chance to regain that loss. Well in some cases things work like that but still it depends on the crypto you are investing with. But if you are confident with it, instead of complaining on the dump, you will see it as an opportunity to grab on buying more and hold it for a while until such time that the price pumps.
The market has gotten stronger and it's easy to see how Bitcoin's price quickly recovered from the price drops.We are no longer seeing discounts like 2017, 2018 or 2019. My guess is that the market has a larger amount of stablecoins, and that helps Bitcoin hold its value. There is more than $ 48 billion, 8 times more than a year ago.
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.
That is one of the common mistake investors usually does whenever they sense great feelings of fear. It is not really necessary to sell when there's a dump but still there are circumstances where it is needed to be done in order for you to save some of your holdings as much as possible. When it comes to bitcoin, I think it is not really necessary to do that specially right now. You should see it as a great advantage already that you are currently holding a bitcoin and you should not let it slip away just because you are scared it may keep on going down. Be wise, read some legit news about crypto, observe and be smart when you finally decide.What do you think about this circumstance ? am i overthinking this ? share your views.
I agree. There is no need to be feared when there is a dump happening because it is just a short term dump. Overall, when you look at the charts, they show a remarkable sign of a stable uptrend. Therefore, a big correction like this is necessary for not just bitcoin but also the altcoins to grow and become stronger
That is why I always tell my friends that money management is very important. If you have a reserve fund for an emergency situation like this, you would have chances to buy cheap coins and tokens. But if you are not able to do so because you do not have enough money, just hold.
Holding when others are panic selling is really hard and challenging because you'll never know what will be the next dump price. Otherwise you may also sell your coins because of fear of losing. But i've learned my lesson and that is never be fool on your own emotions. Dump season will never last long and after that, the price will recover eventually.That is why I always tell my friends that money management is very important. If you have a reserve fund for an emergency situation like this, you would have chances to buy cheap coins and tokens. But if you are not able to do so because you do not have enough money, just hold.
if you do have spare money, instead of following the dumped better to buy more while continue holding your assets,
there are many instances that the bounce happen right away.
You'll compensate more in case you bought while others are dumping, it's tough but if you are willing to take the
and you have the right knowledge about the project that you'll going to hold.
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 are responsible for that sudden market dump because of the reason to have a panic selling from the small-scale hodlers and like what you've said, the whales will buy those that little dumps and will add it to their holdings. Most of the time small scale hodlers are the one who's affected by this especially if they are newbie and novice in trading/market and that is how the whales controlling and manipulating the market. What do you think about this circumstance ? am i overthinking this ? share your views.
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.
That is one of the common mistake investors usually does whenever they sense great feelings of fear. It is not really necessary to sell when there's a dump but still there are circumstances where it is needed to be done in order for you to save some of your holdings as much as possible. When it comes to bitcoin, I think it is not really necessary to do that specially right now. You should see it as a great advantage already that you are currently holding a bitcoin and you should not let it slip away just because you are scared it may keep on going down. Be wise, read some legit news about crypto, observe and be smart when you finally decide. What do you think about this circumstance ? am i overthinking this ? share your views.
When prices are dropping, there's always the tendency that one would like to sell out, Inorder to avoid running into losses, but it's best to plan your trade and set stop losses. With this you're not thrown off balance where you may find it difficult to make logical decisions. Trading requires a great deal of wit and following the crowd may not be the best move.
The market is not stable as expected and no doubt the price is changing every day. Sometimes we can face price dropping and it can happen so suddenly. Some people prefer selling their coins at this time, however, it is not right for me. Firstly we should make logical decisions as you said, that is why everything is possible here, maybe after this dumping the coin which you hold will get up from next day. You should not make any decision in panic. I agree. There is no need to be feared when there is a dump happening because it is just a short term dump. Overall, when you look at the charts, they show a remarkable sign of a stable uptrend. Therefore, a big correction like this is necessary for not just bitcoin but also the altcoins to grow and become stronger
That is why I always tell my friends that money management is very important. If you have a reserve fund for an emergency situation like this, you would have chances to buy cheap coins and tokens. But if you are not able to do so because you do not have enough money, just hold.
Holding when others are panic selling is really hard and challenging because you'll never know what will be the next dump price. Otherwise you may also sell your coins because of fear of losing. But i've learned my lesson and that is never be fool on your own emotions. Dump season will never last long and after that, the price will recover eventually. That is why I always tell my friends that money management is very important. If you have a reserve fund for an emergency situation like this, you would have chances to buy cheap coins and tokens. But if you are not able to do so because you do not have enough money, just hold.
It does not only apply to beginners, even almost everyone will panic when they see a sudden market crash, like what happened yesterday, more than 10% of the market cap fell, from 2.3 trillion $ to 2 trillion $ the difference is when the dump happens people who have already accustomed to or have cash deposits will be ready for these conditions and will make a buy back, while beginners might consider cutlose
I think investor confidence is also still strong because we've seen how the correction occurred several times in the long rally this season.investor confidence is still in price recovery which ultimately makes many investors not secure their money but hold their assets.
but the situation would change if what happened was a big dump. it will make everyone panic and quickly shift to stable assets.
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.
It's a well know strategy of whales. They manipulate the market by dumping it then pump it a little bit then dump it again. Many new panic traders sell their holding fear of missing their book profits. I have learned very good things in all these years and that does not panic when the market is dumping and always book some profits to make a reentry.
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