Topic: Do not panic sell when there is dump - page 18. (Read 3080 times)
I agree with this so much. There was a huge dump in the last 24 hours. I wonder whether panic sellers will do their thing again and cause the price to drop down to lower levels. But I guess they won't be able to be as affective as companies. If companies start selling their investment then things could be much worse for the price.
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.
Altcoins, if we get them for free from airdrop, if you want to sell them, in my opinion, is the right thing. immediately if we are able to sell and profitable, it is better to sell. especially with bullish market conditions. if the market changes its trend and drops significantly there will be a lot of waste in altcoins. periodic dumps will render many altcoins worthless. However, if you are trading, of course you must have a target and also good financial management to avoid greater losses What do you think about this circumstance ? am i overthinking this ? share your views.
I wish noobs will understand the theory of the market and not panic dump each time there's a massive correction in prices of coins, cause it's just a correction nothing more the price will still pump back up, dips are the best time to even buy more cryptocurrencies and accumulate them cause that's what whale do, they buy the dips and hold until it pumps again, selling during a dump isnt a wise choice honestly.
Panic selling means you will be selling the bottom. Also buying when it starts to drop is difficult, and dollar cost average may be a solution, but not always as one day the trend ill turn to become bearish again.
For what matters, panic is the worst advisor. And usually when we buy it will start going down again as we missed the bottom.
Trading is a game where a few only win. With the limited knowledge of trading most of us have we fall victims to our feelings and mindset that lead us to losses.
For what matters, panic is the worst advisor. And usually when we buy it will start going down again as we missed the bottom.
Trading is a game where a few only win. With the limited knowledge of trading most of us have we fall victims to our feelings and mindset that lead us to losses.
True. But we can't force anyone to start panicking whenever red candles are showing. It is inevitable specially to those with little experience in crypto to panic sell just to avoid short loss.
We may all be put to the test very soon in regards to the title of this topic. If a massive correction occurs, some may get wrecked. Buying Bitcoin at $60,000 is not that easy to be honest.
Maybe just a minor correction happens and the train continues to go forward.
Maybe just a minor correction happens and the train continues to go forward.
My fault of fear is almost nonexistent when I have lost everything and have nothing left to lose then we have nothing to fear anymore 
Maybe we will see many people will no longer become scared once the market plummets.
Maybe we will see many people will no longer become scared once the market plummets.
What you say are totally right, i think most of us understand this theory, but say easy, do hard. Especially when you see that big red needle down down down..., fear arises, and we were made wrong decision at this time.
No, it is actually true and there the saying “Be fearful when others are greedy" and that's also exactly how those long term holders that buying in the dip could make such tremendous profit but unfortunately each human psychology works kinda differently that the obvious clue of how to make profit in the market is disregarded and instead many peolpe buy high sell low. But, you also need to remember what's the real reason of the dump? if the dump caused by something that could potentially make the project fall then it's better to cut loss but if it's because usual panic selling or baseless fud then it's better to start buying instead but that's just my own preference of strategy.
It's the emotion that most of the time becomes the culprit in traders making very poor decision.
It's the emotion that most of the time becomes the culprit in traders making very poor decision.
If you believe in the asset, then you should just HODL and be happy with it. Imagine staying strong the past few years with the previous long-time ATH by BTC, and you would still be so much profitable today. It's a matter of shaking those who have weak hands and those who believe that BTC is the future of financing or substitute to Gold.
It's a great opportunity now to buy more when it's at a discount. Imagine it's a "SALE" like what you see in supermarkets and malls. It's just like that.
It's a great opportunity now to buy more when it's at a discount. Imagine it's a "SALE" like what you see in supermarkets and malls. It's just like that.
I agreed with you, but it is not easy to keep a claim when saw the price drop, they just want to earn their profit, are not want to invest for the long term profit, including me, if they can hold the DOGE in the lower price, now all is the millionaire. 
it will be easy to hold assets when you don't have many assets in your wallet. however, it is different if you have many assets. Well, I think some people have freaked out at this point of seeing bitcoin prices below $ 60k and created some altcoin price dumps. however, the experience will keep you afloat when a dump occurs. the most important key, in this case, is calm.doge is a good parable. however, I didn't even realize the potential could be as big as it is now.
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.
I think this depends on what kind of coins is being dumped. If the one that is being dumped is the one with promising projects then it is no brainer to stay calm and at least put a buy wall to accumulate more worthy token but if the one dumping is a token that is really a pump and dump then we should at least act fast to sell our holdings in order to lessen our possible losses.
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 correction 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.
This is actually natural because the crypto strategy is throwing away and buying. but what we need to know we should not panic with any situation because it is temporary. reasonable correction occurs to balance prices so that they are always consistent in the marketWhat do you think about this circumstance ? am i overthinking this ? share your views.
If that would happened, no need to panic because it is a normal thing in crypto. It sometimes goes up or sometimes goes down where decision making is important to do. Buying and selling is both good thing to do because you can get profit in there. It depends on your contentment in having the right amount you get.
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.
Price increasing and dumping is the character of all Crypto currencies. Most of the new trader or investors do the panic sell when a coin price strat dumping. Thay think lost some money is better than lost all. But they need to be patient and wait for the price rising. Their panic sell also the reason of more dumping. 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.
This is actually natural because the crypto strategy is throwing away and buying. but what we need to know we should not panic with any situation because it is temporary. reasonable correction occurs to balance prices so that they are always consistent in the market What do you think about this circumstance ? am i overthinking this ? share your views.
The most important thing when investing or trading is to have entry and exit strategy, once you stick to this you will be fine, at time a coin pump and there is something in you telling you that it is likely it goes up more so leave a small portion for this portion. But when you have a sense that a coin is overvalued just sell and run because the dump is always mega dump and you can lose all your gains
Agree because planning a trade is really necessary before entering a trade. Because traders with no plan it is difficult for them to decide because the emotions dominate but if there is a plan we already knew what to do, we have already entry point and exit point. You are not overthinking because that's correct.
But, can you really hold yourself when you are at that moment?
It's not an easy task when it's your hard-earned money that's on the line. Of course, you always want to save it first before it goes deep.
Questions like "what if it goes lower in the next few days?". You want to save it and buy it back at a lower price or just cash it out with ROI and a small profit.
Those emotions cannot be easily prevented. It happens.
But, can you really hold yourself when you are at that moment?
It's not an easy task when it's your hard-earned money that's on the line. Of course, you always want to save it first before it goes deep.
Questions like "what if it goes lower in the next few days?". You want to save it and buy it back at a lower price or just cash it out with ROI and a small profit.
Those emotions cannot be easily prevented. It happens.
It's a matter on how you practice what you say and deal with it when situation already in front of you.
Most of the time, traders who can control such emotions and manage well each time this kind of market sideways hit them up are the people who can perform and earn in the long run, you needed to work on your own judegment, it's tough but more practice, more chances that you'll be able to overcome fears.
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.
Yes, I have encountered many such projects, but have to look back to the problem when you FOMO follow the coins that are being pumped. If you are wise and knowledgeable and knowledgeable, I think we can make a big profit from this market, and dumping will not affect you much when you buy and keep very low price. What do you think about this circumstance ? am i overthinking this ? share your views.
I agreed with you, but it is not easy to keep a claim when saw the price drop, they just want to earn their profit, are not want to invest for the long term profit, including me, if they can hold the DOGE in the lower price, now all is the millionaire.
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