Entering 2021, The trend of investing and trading crypto assets continues to increase. The positive trend of rising crypto assets is evidence of increasing public confidence in crypto assets as one of the promising investment instruments. For this reason, there are a lot of novice investors who want to try to make a profit in cryptocurrency, although they have not fully studied the strategy of trading in cryptocurrencies properly, they still want to start investing in crypto asset trading without thinking about the risk of loss if they choose the wrong coin.
As a novice trader in cryptocurrency, proper planning and execution is required in order to gain profit. And they should know that buying and selling crypto assets can be said to be more difficult, because of the high volatility and risk involved.
Having a detailed trading plan before making a trade is very important, because it can help traders avoid psychological factors such as emotions or logical errors that can affect trading performance. If the novice trader already understands the important methods before jumping into the market, they will never panic sell because they already know when is the right time to buy and when to sell.
Topic: Do not panic sell when there is dump - page 2. (Read 3095 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....
But, you have to think about the other possibilities such as cut losses or even it's just a bait to buy on dip. Sometimes it's better to do cut losses when occasionally the price at the end keep dumping because some stuff occurs during that time. There is no exact absolute way to trade when the dump thing happens, it' depends on the situations.
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....
But, you have to think about the other possibilities such as cut losses or even it's just a bait to buy on dip. Sometimes it's better to do cut losses when occasionally the price at the end keep dumping because some stuff occurs during that time. There is no exact absolute way to trade when the dump thing happens, it' depends on the situations. 
Actually Pump and Dump will always happen and that's because of the actions of big traders who buy coins in large quantities to increase prices so that coins soar, and things like that will cause panic and compete to buy coins so as not to miss or fomo, and after that the big traders dump (Dump) so the market goes down.
Incidents like this are very detrimental to small owners, as they can't sell coins as high as they bought them, and it usually happens to newbies like me when I was just starting out in the crypto world.
and things like that will be a lesson because what happened in the market and the crypto world that has happened will happen again and everything will be a valuable lesson so that in the future it doesn't happen again because it will learn from experience.
Incidents like this are very detrimental to small owners, as they can't sell coins as high as they bought them, and it usually happens to newbies like me when I was just starting out in the crypto world.
and things like that will be a lesson because what happened in the market and the crypto world that has happened will happen again and everything will be a valuable lesson so that in the future it doesn't happen again because it will learn from experience.
I get your point. Supply and demand keep the market works. Investors are the ones who create the movement.
Just like how you state your personal experienced in which big buyers create fomos and once they decided to sell fuds follows.
Not safe for newcomers and those who don't have any concrete knowledge of how things really working inside the market.
Experienced gives you opportunities if you really take things deeper and understand the possibilities of this industry.
right now, I pretty much believe that some people holding bitcoin or other altcoins are freaking out. Judging from tradingview, within 24 hours, the price of bitcoin decreased by around $2331. this causes them to panic a little, and most likely sell their assets in part or in whole.
In addition, according to Cointelegraph analysis today, focusing on the bitcoin price, the bitcoin price could drop to the $42451 range if the decline continues.
however, I think this is one of the forms of correction that occurs. I feel that at the end of this month, the price of bitcoin will probably decrease a bit, before the price rises again. I believe that the bitcoin price will return to the $50k range. selling it right now is a bad decision. In addition, according to an analysis from Cointelegraph as well, if there is a recovery the price of bitcoin can return to the range of $48k and I believe that will happen.
In addition, according to Cointelegraph analysis today, focusing on the bitcoin price, the bitcoin price could drop to the $42451 range if the decline continues.
however, I think this is one of the forms of correction that occurs. I feel that at the end of this month, the price of bitcoin will probably decrease a bit, before the price rises again. I believe that the bitcoin price will return to the $50k range. selling it right now is a bad decision. In addition, according to an analysis from Cointelegraph as well, if there is a recovery the price of bitcoin can return to the range of $48k and I believe that will happen.
I think people who panic in trading are people who have just started it and those who don't make their trading strategies. i think someone who has made their trading strategy then no panic hit them. therefore it is better before making a trade by throwing large funds then making a trading strategy is the most important step that must be done.
The most important thing in the investment world is when investing or trading is to have a good analytical strategy pattern, experienced traders will not panic sell if they buy coins that are the forerunner of the weighty value we know and so they are able to control emotions and be consistent with what we invest when it goes down or down. increase the coin, so there is no error when releasing or the opportunity to take profit
It actually depends on the situation, if you have big amount of investment in a specific altcoin it is very hard not to panic in the dump times. But im trying to be calm and do some plan to overcome those losses and be effecient in trading. I think you must do your plan B if your coin got dump .
Actually Pump and Dump will always happen and that's because of the actions of big traders who buy coins in large quantities to increase prices so that coins soar, and things like that will cause panic and compete to buy coins so as not to miss or fomo, and after that the big traders dump (Dump) so the market goes down.
Incidents like this are very detrimental to small owners, as they can't sell coins as high as they bought them, and it usually happens to newbies like me when I was just starting out in the crypto world.
and things like that will be a lesson because what happened in the market and the crypto world that has happened will happen again and everything will be a valuable lesson so that in the future it doesn't happen again because it will learn from experience.
Incidents like this are very detrimental to small owners, as they can't sell coins as high as they bought them, and it usually happens to newbies like me when I was just starting out in the crypto world.
and things like that will be a lesson because what happened in the market and the crypto world that has happened will happen again and everything will be a valuable lesson so that in the future it doesn't happen again because it will learn from experience.
Panic sell or buy is big problem for every trade and they always trade depend with other information, when some one make fud or fomo never allowed your self control by them. Keep on with your confidence and never give us them chance to make you panic, basicly you need to control everything when price dump keep hold it if you buy good and potential altcoin, but never heard with something big or anything if you got the coin have pump almost 60% until 100% to buy because very risk and you will loss your money when coin raise all time high but keep to buy.
I never depend on other people's information when I start my trading, because now it's very easy to get every information needed if the problem is only about trading, but if the problem is only because of panic, it also depends on how to control and react wisely when there is new information whose truth is still not accurate or proven, so panicking is clearly pointless. 
Usually the news presented by the media makes people panic, moreover it is related to cryptocurrency regulation usually the impact on prices is so drastic. The most important thing is to be sure that crypto is the investment of the future. Because by believing in our assets it will make us profit in the future.
You dont have to worry. Of course there is a wise way to deal with stock conditions that have fallen drastically.
It is very common for the stock market to go down when negative sentiment circulates. The condition that often occurs is panic selling. Even if the stocks drop below their usual price, be careful in sliding. Do not buy when the stock price is falling, you should be patient to wait until the panic is over and the stock price is stable. Panic in the market will always have an end. When the market starts to reverse from red to green, you can start to look at interesting stocks to collect at discounted prices.
Another way you can do this is to keep the shares you already own. Especially if you already have large market cap stocks with good fundamentals.
It is very common for the stock market to go down when negative sentiment circulates. The condition that often occurs is panic selling. Even if the stocks drop below their usual price, be careful in sliding. Do not buy when the stock price is falling, you should be patient to wait until the panic is over and the stock price is stable. Panic in the market will always have an end. When the market starts to reverse from red to green, you can start to look at interesting stocks to collect at discounted prices.
Another way you can do this is to keep the shares you already own. Especially if you already have large market cap stocks with good fundamentals.
I would love to support the OP, but unfortunately different strategies need to be devised for different coins. There may be occasions where it is better to get rid of the coins when the prices are going down. An example is where it is known that a project is a scam and the developers have vanished without a trace. What is the point in holding such a token? Such projects have virtually zero chances of making a comeback. During my early days in the cryptocurrency sector, I made the mistake of investing in a few such projects.
For me, for tokens that are experiencing a pump, I will immediately exit the market, because I fear that after that a dump will occur and it will eventually be difficult to get back up again. many examples of such tokens, different for top coins like bitcoin, I guess by always holding it is not a problem. Therefore, for new tokens, it is better to take advantage and set aside some if we are still sure the price will continue to rise 
I would love to support the OP, but unfortunately different strategies need to be devised for different coins. There may be occasions where it is better to get rid of the coins when the prices are going down. An example is where it is known that a project is a scam and the developers have vanished without a trace. What is the point in holding such a token? Such projects have virtually zero chances of making a comeback. During my early days in the cryptocurrency sector, I made the mistake of investing in a few such projects.
This sometimes has to be done if we invest with coins whose fundamentals are less qualified or just hype. When it goes up, we have to sell it immediately. Otherwise, the price will become dregs. Unlike coins with good fundamentals and high volume , this can be maintained .
Coins with high fundamentals will be able to regain the initial price when we start buying a coin after the dump, and that has happened to some big coins in the crypto market, the problem is for beginners to consider the coin that is being talked about as a coin. which is good because of their lack of knowledge, if they do research it will also be difficult considering their mental state is still unstable in facing a very volatile crypto market, maybe the best and easiest advice we can give is to buy coins with a top 10 rating, because logically a coin which does not have strong fundamentals and does not have good potential to grow in the future is unlikely to achieve this rating.
This sometimes has to be done if we invest with coins whose fundamentals are less qualified or just hype. When it goes up, we have to sell it immediately. Otherwise, the price will become dregs. Unlike coins with good fundamentals and high volume , this can be maintained .
You won't be rich, if you sell that's the motto CZ keep telling everyone and panic sellers are always be losers in the end though. Panic selling will always be disaster to all newbie in this industry and always be a victim when market is down because they lack focus and commitment on something of to hold on to it. This will be a lesson to all that new in this industry that having a strong hands will always be declared a winner.
When I first entered the crypto world, I always panicked when prices fell but this is normal. When crypto prices go down, it's best not to panic and don't check the value of the investment constantly.
One of the things he does during market turmoil is avoid checking his own investments. Because this can trigger the emergence of momentary emotions that lead to making wrong decisions. Always remember that volatility will always be there, especially considering that crypto currencies are indeed high risk. As long as the decline doesn't hinder other financial goals and the portion is no more than 5% of the overall portfolio, you can sit back and wait for the price to rebound.
One of the things he does during market turmoil is avoid checking his own investments. Because this can trigger the emergence of momentary emotions that lead to making wrong decisions. Always remember that volatility will always be there, especially considering that crypto currencies are indeed high risk. As long as the decline doesn't hinder other financial goals and the portion is no more than 5% of the overall portfolio, you can sit back and wait for the price to rebound.
I totally agree with the idea. Especially new people in this market are doing this a lot. There is no reason to panic when you witness a big dump. You should be already knowing that these things are totally normal in a volatile market like this. You should have a plan B for these cases. And if you invested into top cryptocurrencies, then you shouldn't worry at all in my opinion. Because sooner or later, the price will start recovering.
You can't just say that to those that are in big loss. They're most likely new to the market and when they see big dumps, they're in panic because it's really a psychological game for many of us.When I was still new, it's really hard to bear with it because when you see those dumps, there's no other thing that you can't think of but about the losing of money and being negative.
I agree with you. Don't make a rash decision to sell coins when you dump because you're panicking. This may be difficult so you have to practice to control your emotions well. If a dump occurs and you already buy coins at a high price, choosing to hold is much better. later you will actually get a profit when the market is stable and pumps back.In addition, you also have to see and learn the mistakes you have made as a benchmark.
Jump to: