After Bitcoin corrected below $ 60k, all the altcoins were dumped. And I see many traders who are panic sell, it is something to be avoided i
n my opinion. If we do the analysis well, we will understand that the decline in altcoins prices is normal. It doesn't mean that we have entered
a bearish trend, so we don't need to panic seeing current market conditions. I believe we should see a lot of coins that have been corrected,
it shouldn't be panic selling but it should be panic buying. Because I believe in the next few days the market will recover. So take advantage of
the current situation to buy again coins that are potential.
Topic: Do not panic sell when there is dump - page 17. (Read 3080 times)
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 the opposite of what you describe will happen ,whether in stocks or cryptocurrency market. Because it happens to me and many of my colleague before. 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.
What do you think about this circumstance ? am i overthinking this ? share your views.
Today's dip was a great opportunity to put your tip into practice OP
. I can imagine, that a lot of people panic sold their holdings when ETH was below 2100$ and Bitcoin was below 54000. Now it seems that the drop has ended for now and the prices seem to stabilise and even recovered a little bit already. It was a pretty hard dip though i mean from 60k$ to 53,5k in 30 mins is a pretty sharp decrease in price and therefore it is not that surprising that some people sold their stuff weil the dip was still ongoing because who can never know when the dump ends. I don't think this is the peak of this bull market right now. Therefore, if you want to sell cryptocurrency, you must do it carefully. I think the market will continue to grow.
Nothing will change, but Bitcoin correction time isn't a new way to take opportunities. Only a few altcoins couldn't touch the top price after this price correction. For a panic sell we could lose our profit, although today BTC's last dump price was 49K USD. This correction could be the last correction of the next bullrun. By selling coins, I won't lose my opportunities for profit. It is very natural for new investors to panic when the market correction, especially this year so many stock investors have fled to cryptocurrency, so that many will be surprised by the correction that has occurred in bitcoin,
It is a normal feeling for a human being, not just only for new investors, but I don't think about the bots.Quote
In my opinion, panic and cut loss are not the right way to respond to a sudden correction market, it's better to learn the pattern, because every market has a pattern that is exactly the same as its history, for example, bitcoin is not much different from the year 2017.
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. 
It is very natural for new investors to panic when the market correction, especially this year so many stock investors have fled to cryptocurrency, so that many will be surprised by the correction that has occurred in bitcoin,
In my opinion, panic and cut loss are not the right way to respond to a sudden correction market, it's better to learn the pattern, because every market has a pattern that is exactly the same as its history, for example, bitcoin is not much different from the year 2017.
In my opinion, panic and cut loss are not the right way to respond to a sudden correction market, it's better to learn the pattern, because every market has a pattern that is exactly the same as its history, for example, bitcoin is not much different from the year 2017.
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.
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 understand, this have happened to me 4 times already in this bull season since I don't want to see my portfolio losing 50% of it's value, right now bitcoin fell from 60k+ to 51k, I'd say that's massive dump in price, I don't know if it's over for bull season or this is just market correctionWhat do you think about this circumstance ? am i overthinking this ? share your views.
After such a dump, everyone decides to use a stop loss in the future. This dump brought $ 10 billion in liquidations and the fear of investing in cryptocurrency. But this is what distinguishes a beginner from an experienced trader, that when the first one sells, the second one buys.
Another thing is that these dumps are the opportunity to buy, but most people get panic in these situations and they sell which is not right. If you believe in crypto currencies, then you will always buy these dips. You should accumulate more bitcoin and good altcoins when you see such dumps in the market.
Panic is a natural thing because beginners definitely want instant things with as much profit as possible, beginners often just follow the trends and hype that exist, without doing research on the ins and outs of what they are going to do, when the dump occurs, they are afraid of getting a loss so they sell it as soon as possible to reduce the existing losses. This is the importance of patience in investing, it needs careful calculations and is ready for all the consequences that may occur.
Its a very common mistake from a beginner trader.
You should not panic sell while market is dumping. Cause you will be helping the dump as well.
So be wise and tight hold when market is dumping so that extra supply don’t be created and the market get the support to pump again.
Being emotional and do panic selling in this time of dump could not be totally avoided because even old traders do that particularly if he's not so sure with his coins. But this will only contribute to a more dump in the market so if possible, never be carried by our own emotions because it will only put us into a losing end. Keep holding our coins and be more motivated not to sell,otherwise we will end up in regrets. You should not panic sell while market is dumping. Cause you will be helping the dump as well.
So be wise and tight hold when market is dumping so that extra supply don’t be created and the market get the support to pump again.
I don't think this is the peak of this bull market right now. Therefore, if you want to sell cryptocurrency, you must do it carefully. I think the market will continue to grow.
Its a very common mistake from a beginner trader.
You should not panic sell while market is dumping. Cause you will be helping the dump as well.
So be wise and tight hold when market is dumping so that extra supply don’t be created and the market get the support to pump again.
You should not panic sell while market is dumping. Cause you will be helping the dump as well.
So be wise and tight hold when market is dumping so that extra supply don’t be created and the market get the support to pump again.
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 is mostly what is happening here why the market keeps on going down but I mean it's a kinda good thing because I have a lot of stable coin to invest that came from other altcoins profits.
I mean this happened most of the time in the market and its pretty normal i think because a lot of people are already bullish in different altcoins and as we know bitcoin and ethereum is skyrocketing in the market.
So it was just normal to see a lot of people sell and make a profit from the pump because if they just continue to pump it, someone will dump it on you so its just like a game.
If you already have a trading technique, I don't think traders will panic when the market crashes. In fact, many are waiting for this momentum to be able to benefit because the market is experiencing price discounts. what needs to be considered is the way you trade, how to analyze and also manage money management. because of course when the market crashes, if you have both, you won't panic
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.
Well FOMO is the most common trait that every novice and newbie will experience along the process of trading and investing. DYOR is still the best way to be confident with the coins you have. If you have enough knowledge of the current status of your holdings, then you must know its market trend and behavior. Also, some tip for newbies, don't jump into the market/trading without enough knowledge on how everything works, from the circulating supply, market cap, tokenomics, chart and trend prediction methods, etc. 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.
I understand, this have happened to me 4 times already in this bull season since I don't want to see my portfolio losing 50% of it's value, right now bitcoin fell from 60k+ to 51k, I'd say that's massive dump in price, I don't know if it's over for bull season or this is just market correctionWhat do you think about this circumstance ? am i overthinking this ? share your views.
After such a dump, everyone decides to use a stop loss in the future. This dump brought $ 10 billion in liquidations and the fear of investing in cryptocurrency. But this is what distinguishes a beginner from an experienced trader, that when the first one sells, the second one buys.
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.
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.
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.
It's easier said than done OP, I have my own limit on how much I can lose when holding a coin, I'm holding Ethereum right now and if price goes way down than 21**+ I will definitely take my loss because that's a lot already, I got in at 2450$ thinking we will be hitting 2600$ soon but I was wrong
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