Do not panic sell when there is dump - page 19.

umbara ardian

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Quote from: Lorokan on April 17, 2021, 02:08:18 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 inevitable for those who have no experience in this field, and then after going through such times people will learn their own lessons.

SacriFries11

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Quote from: kaseygriffin on April 17, 2021, 10:12:34 PM

Actually, after going through a few corrections from the market, I no longer feel fear when the price goes down. Because I firmly believe it will soon recover and increase again. This time there are also many new people entering the market so confidence about it will grow again.

Yes, I think due to the current state of the market and most of altcoins today are uptrend making us to feel confident that the price will go higher after few corrections. It's a great time for us to do trade at high potential because the uptrend around the market. A lot of adoptions going on and newcomers try to do investment in cryptocurrency.
I agree too not to sell when the price dumps, that's one thing we can't avoid it when we are new to crypto. We are thinking that we will lose our money, but the fact is once we sell we already lose at and it's difficult to gain and easy to lose.

Reid

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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.

asriloni

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Quote from: ?? on ??

Panic sell when the dump happen is only for noobs, this market will probably goes up again in the next month. We are not finish yet. We still at the very bullish phase and maybe we will see 3 trillion dollar marketcap soon.

Dude, there will always be a winner and loser. You will never see someone that got profit from the market when there is no others who have been loosing in the market.
Usually panic sells will occur caused by user didn't have a good mentality. Those noobs are new users and they didn't have enough knowledge about crypto and market.
Sometimes even the expert trader can get the panic sell as well. It can happen with anyone.

kaseygriffin

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Actually, after going through a few corrections from the market, I no longer feel fear when the price goes down. Because I firmly believe it will soon recover and increase again. This time there are also many new people entering the market so confidence about it will grow again.

MadeMen

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Panicking could happen to anyone in this space because there isn't certainty in the market movement. Its possible to do your research and the market goes a different route. I feel the best is to avoid buying when a coin is pumping because you really can't tell when the market correction will come and that could lead to the fear of the unknown.

AmoreJaz

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Quote from: Hamphser on April 17, 2021, 07:54:57 PM

Quote from: Lorokan on April 17, 2021, 02:08:18 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.

Easy to say but it really hard to be followed even if you are an old trader or does have experience.These panic situations are common and sometimes cant be resisted

even if you are already experienced thats why molding yourself to be emotionless into this market does really take a long time and it wont be an easy journey.

Sometimes panic selling does have its pro's too on where it do save up yourself into further losses which might result into a long term hodling incase you've decided to hold.

one thing that will help you in this journey is to know the background/foundation of the coin you are following with. because if you are just blindly trading, the chance of losing it all is really high.
if you know what is going on with the coin, you can assess whether to sell off or not, or just wait for the better timing. one warning signal though is if the devs are just quiet and seems not doing anything.

midaslordes

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Quote from: Lorokan on April 17, 2021, 02:08:18 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 a great attitude of whale investors, they dont panic when they saw a price dump but instead they buy and accumulate another number of their hodlings to increase it. Just a tip for newbies when you see that the market is in red days that is the time to add on your hodlings and always keep in mind to do not panic sell because always remember whenever you the value of your hodling goes down as long as you do not sell it, it will always the same amount of your token hodlings.

Hamphser

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Quote from: Lorokan on April 17, 2021, 02:08:18 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.

Easy to say but it really hard to be followed even if you are an old trader or does have experience.These panic situations are common and sometimes cant be resisted

even if you are already experienced thats why molding yourself to be emotionless into this market does really take a long time and it wont be an easy journey.

Sometimes panic selling does have its pro's too on where it do save up yourself into further losses which might result into a long term hodling incase you've decided to hold.

Cadaver20

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Most of we are panic when we see dump of a coin after pump. We have no idea how much dump can be. As a result, we quickly sell our coins. Once sold we see that after a while the price of the coin has almost doubled. As long as there is a bullish trend, there is less chance of huge dumping of coins. We are losing profits just because we can't control our nerves.

Ziskinberg

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Quote from: ?? on ??

Panic sell when the dump happen is only for noobs, this market will probably goes up again in the next month. We are not finish yet. We still at the very bullish phase and maybe we will see 3 trillion dollar marketcap soon.

If we think that panic selling mostly happens to noobs then I could say that we are all noobs. We simply can't deny this, we sell for a reason, we sell because we are worried that the price dumps and it is just likely the same from panic selling.
I don't think that would be the appropriate name for this, we eventually did this, kinda a habit that everyone takes action. We can't hold our crypto for a lifetime and we can sell it anytime if we want.

Ridwan Fauzi

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Each investors will certainly have their own strategy, we don't know the exact whales strategy as you have mentioned. When some retail investor is punic buying then the whales will try to pump and otherwise when whales is selling the coin then retail investor will start buying. And I guess that situation is not always right because pump and dump will be based on the situation.

I mean, whales will pump a coin when there is something good (good information) come to the coin itself. So as they will confident to buy the coin in order to make many profit. Take a look when the bearish season come, how many altcoin that getting pump? I guess there is nothing altcoin that getting pump.

Little Mouse

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Well, this is true and I would only agree with this statement in a bear market. See for example, last year when BTC dumped to $3800 or so, people had panic sale but they are the loser now.
On the other hand, look at DOGE. It has pumped to $0.45 or higher, now it’s getting dumped. It's very possible that we soon will have the end of the bull cycle. Don't you think DOGE will not recover till the next bull market?
That's why I think panic sell is so bad for bear market but in a bull market, if you are in good profit, sell and enjoy the profit.

asriloni

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A good mentality can be built when someone was facing so many problems and in crypto case, someone will have a very good mentality when he already faced so many difficult situations.
That circumstances are always happening in crypto. So many old - pro traders were also starting from the newbies and this newbie was getting so many experienced and started to be professional traders or even whales.
It's always started from nothing to something. You are not overthinking about that and don't worry

Rengga Jati

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A newbie, may not know how to get the right choice and decision because mostly, they only follow what their friends or public figures that they are following.
Buying a coin without any DYOR, moreover at the top price will always make someone new in the crypto world to be panic once that price is going down. although it is actually a very usual condition in the market where the price will be a market correction after the pump, for them, they may be not ready.
That is why it is always said that whenever we are going to enter the crypto world, we must be ready for the risks, have good management of risks and emotions, also funds.

crzy

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This is how volatile the cryptomarket is, in just one snap all the pump will fade a way and we’ll back into a big pullback, now its happening and I’m sure even if we tell not to panic people will still do the things that is out of their plan because of their week emotion.

I just want to put DOGE as my example, after hitting its new all time high the price went back for almost 50% dump, and I saw a lot of people on social media panicking which is not good at all simple because they don’t have any stop loss price and they are just joining the hype, we tend to panic if we don’t have a plan at all.

jahepahit

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its not so easy especially when the profit is kind of huge to the eye. the thought that comes to your mind is to cut lose and not lose it all because it can keep on going down which will be more painful. but with determination and believe in the project you are holding, you will always find reasons to hold even if there is dump at any point.

7788bitcoin

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Quote from: Lorokan on April 17, 2021, 02:08:18 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

It depends upon multiple situation, the coin you invested expecting a pump and if you invested to ride the pump then you need to get out as soon as possible as it will be hard to predict when the next pump would be and you do not want your assets to be stuck for a long time, you can always book your profit or level your capital and wait for the bottom and then plan on reinvesting again.

S4VV4S

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it's a tough thing in an emotional trading system always rely on shouldn't be careless in buying or selling tokens because it can make us hesitate, most beginners they see coins that are going up then buy them once the price goes down they sell back my view can hold a token or coins that have good potential continue to hold when the price drops in this situation, we can adjust the chart in trading on each token that we trade patiently that's the key

Dewi Aries

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Quote from: Lorokan on April 17, 2021, 02:08:18 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.

Actually you're right, but maybe for some people it is hard to resist panic or fomo when we see a coin pumped/dumped hard. I until now still can't control my emotion although trade in spot trading which make us can hold the coin as long as we can and no liquid or margin call, etc like in other style of trading.

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