Guys, be honest, who has dumped their precious bitcoins last weekend when bitcoin price dropped?
I see that people only write that this is temporarily, bitcoin will recover, I have resist to all dumps and etc. We are a huge community. At least someone should have sold his assets. I'm just curious how did you set the minimum price that after crossing it you will start selling?
Topic: Do not panic sell when there is dump - page 16. (Read 3080 times)
I didn't panic when the dump was fast because I would have already considered the money management that I would do. now I have been trading by following the analysis pattern and also using the money management that I have made. of course, if we analyze and do not have money management, we will get losses from the trades that are carried out. many new traders are making a loss from trading
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.
Well, it is easier to say than to be done. I mean when circumstance like this appears in front of our face like showing a huge dump you will definitely have a second thought of selling your coins in which a total response but just like you what you have been said practice you would be the key, as you encounter a lot of this kind of situation you will eventually learn to control your emotion. But yeah I think that is what you supposed to do, to not panic when these circumstances appear like in this current correction. Do in mind as well, that make an analysis for yourself so you could plan your next move when this happens.
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.
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.
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.
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.
I always see this correction as a way for us to expand our assets to more coins. when the dump price of coins is low we can buy large quantities and hold. For holders, I think to get rid of that fear and don't panic, because this is a temporary correction there will definitely be an increase. because dump is a natural cycle that is in the movement of crypto market charts What do you think about this circumstance ? am i overthinking this ? share your views.
For me, too, personal experience played an important role in the sale of tokens. Because he was always afraid of losing his tokens and panicked. Now that I have a lot of experience in selling tokens, I am absolutely calm and always sell with a good profit. So experience goes a long way in trading on exchanges.
I am also thinking the same way you think but some traders or holders need money badly they can not hold for long so they have no choice to sell it. We must learn the art of patience when the market drops. We should avoid panicking and should not dump our valuable coins in panic. In the past three years, I have learned patience is the most important thing in the crypto market. If we see BTC, ETH, and BNB price of 1 year back these all were dirt cheap, and at that time those who trust these high potential coins and hold them still are in huge profit so patience pays off. I believe the only thing we need to learn is patience and patience and avoid panicking if one wants to earn from this market. This market is not for impatient traders.
I don't blame those who existed the market once the almighty dump begins lol, there was no assurance that the market will recover until today, to say the truth I was in panic mood myself, it isn't easy to lose your hard-earned money just like that
I never recovered my assets, I lost 18%, but I see the market but recover a little, but my losses are not covered, I see many tokens have grown, but fate punishes me and my token does not grow but stands still)))
I don't blame those who existed the market once the almighty dump begins lol, there was no assurance that the market will recover until today, to say the truth I was in panic mood myself, it isn't easy to lose your hard-earned money just like that
~snip_
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.And, to say that learning from the past is not enough for a person to change but this is all about how that particular person really have the commitment to change their life.
but somehow gaining up those past experiences will really be molding you up as a better trader which it would really be different to those who are just starting up.
It is really easy to say that we shouldnt panic out but when you are in the actual situation then its really hard to resist on not to do so specially if you are
actively checking out market prices everynow and then.
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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.
Ever since I made my first investment in cryptocurrency in 2012, I have invested in more than 50 different altcoins. And based on this experience, I would say that in 99% of the cases when there is a dump with an altcoin which is outside the top-20 list, the chances are that it will never make a recovery. If possible, keep an eye on the promoters. If they are selling their tokens and making the exit, then it is a very bad sign.
I just can't understand why coinbase employees quickly sold their shares. I don't think they just did it. And we'll see the price tag below shortly.The volatility on this market is very high, we can lose everything if you didn't analyze the market, and of course if you're panicking you might miss making strategies and you might end losing everything as well. Panicking is not good, I feel sorry for those who are panicking every time they see a dump market.
~snip_
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.And, to say that learning from the past is not enough for a person to change but this is all about how that particular person really have the commitment to change their life.
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.
Certainly it is not overthinking! This is one of the most important rules and one of the most common mistakes, which is caused by fear, panic, lack of experience, etc. When prices fall - buy. When prices go up, sell / or hold!!! Not the other way around.
Quote
but with practice you will perfect and master it....
Once you lose all your money on the stock/crypto market, you may gain a similar experience, but it is better to do it without risking everything you have. Many people do this - they enter the trade without knowing the basics and then wonder why they lost all their money and/or some of them even their homes so quickly.
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. 
Ever since I made my first investment in cryptocurrency in 2012, I have invested in more than 50 different altcoins. And based on this experience, I would say that in 99% of the cases when there is a dump with an altcoin which is outside the top-20 list, the chances are that it will never make a recovery. If possible, keep an eye on the promoters. If they are selling their tokens and making the exit, then it is a very bad sign.
I just can't understand why coinbase employees quickly sold their shares. I don't think they just did it. And we'll see the price tag below shortly.It's just that the Coinbase management knows something that others don't know at the moment. Or they follow the old principle of listing, when after the pump the price starts to decline and since they know it well, they sold their shares at high. It is possible that in the future they will buy their stake at a reduced price.
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.
Indeed, experience and knowledge will make someone relax when facing a market that is experiencing a decline. Most of the people nowadays panic when prices experience a big drop. see the movement of bitcoin that goes up so fast. In analyzing it should also understand that dumps can occur too quickly too. people must be able to analyze the market Ever since I made my first investment in cryptocurrency in 2012, I have invested in more than 50 different altcoins. And based on this experience, I would say that in 99% of the cases when there is a dump with an altcoin which is outside the top-20 list, the chances are that it will never make a recovery. If possible, keep an eye on the promoters. If they are selling their tokens and making the exit, then it is a very bad sign.
I just can't understand why coinbase employees quickly sold their shares. I don't think they just did it. And we'll see the price tag below shortly. Definitely, we have to think about it wisely, decision-making can't be made too quick and easy, it is much better to widen our market understanding for a better decision. I use to think it twice and ask from others opinion but not so often, we have to follow our instinct sometimes which I think it is somewhat effective.
People who have often followed the flow of ups and downs in the crypto market, instinctively they have the instinct that this is really a decline or will rise again, the mindset and calm in making decisions must also be different, there's nothing wrong with asking other people's opinions but the final decision is yours. itself as the ultimate control over your assets, whether to sell it or hold it until the price starts to improve.
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