Topic: Do not panic sell when there is dump - page 3. (Read 3038 times)
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.
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.
In my own view about this thing mate, perhaps, we cannot put out this thing into their mind every time there dumping happening in the market. Though, we shouldn't be panic at all that's true anyway. The reason of being panic is that their knowledge is that deep or mature enough so they are not yet fully in control in terms of their emotional feelings.
Panic is a bad move in investing, usually panic will make people wrong in making decisions, the habit of the coin will keep pumping at a certain time, but not forever the coin will be in that position, I don't think there is need to panic in this situation, need to prepare steps steps if this happens, so that at some point we don't panic and have a way to get out of the problem.
Panic is actually not a problem, because it can still be completely eliminated when a person experiences it suddenly, because panic appears by itself when every condition starts to change for the worse in the market and the person is still in the investment stage. 
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 absolutely agree with you. We shouldn't panic but follow our strategy and try to cope with our emotions.When there is a dump we don’t have to worry about mainstream currencies, but anyway it is better to sell off shit coins if you are not sure if they are likely to survive the dip. Of course whales are in a better position, as we sometimes really need our money and if this need arises during a bear market, we will sell for low prices.
You are not overreacting,all traders feel the same way. It's true we should not get FUD when there is a dump. This is only a strategy in which they will hire FUDers to do
panic fake news spreading to deceive us into selling and in which they will buy it immediately to raise the prices.
panic fake news spreading to deceive us into selling and in which they will buy it immediately to raise the prices.
It is very vulnerable to happen in general, especially when the correction and bitcoin go down, strange news appears, if you read it will be affected by the cutloss. Calm and relaxed whose name is the ups and downs market is normal, don't panic cutloss because it is affected by money. it is recommended to always use money management, don't go all-in in 1 coin/token, if crypto is slammed -50% can panic stress and can't be dragged down and that means if you already know the crypto fundamentals, focus on the long term and HODL becomes easy after crypto becomes yours is the default worldview.
For one you are not overthinking it. It is really true that many of the old timers here, have been giving out small tips to newbies when it comes to investing in crypto, and one of these tips is really not to use your emotion when making a decision that would make you earn more or lose more of your money. Do not panic when there is a correction, it is normal for corrections to happen and it is normal for prices to go down after it went exceedingly up. You will be able to make better decisions if you are calm.
for people who have seen dump prices many times, most likely won't panic, and know what they need to do. however, for beginners, it seems quite difficult for them to "not think about" the correction that occurred, especially if it is their first investment, or they are going all-in.it would be great if they could indeed keep their cool when prices were down, but there was very little that could be done. when the price dumps, there are some moments that make them think like "if they don't sell now, the price can get even lower" and that makes them compelled to sell their assets.
If someone can control themselves, and not panic when prices are moderate, I think they will make the right decisions for their long-term investment, such as increasing the amount of assets because prices are discounting, and trying to take advantage of the situation. if they can't control it, I think they will sell the asset without waiting.
In gambling they say winners know when to stop and In the world of trading they say use a stop loss to cut your losses same thing can be applied to a crashing market, you can choose to sell and when it hits its low that should be a good time to buy the dump and make money and recover your losses and also make a profit while the market recovers to get back were it was before.
Btw am not against the idea of holding in a crashing market but if your beliefs aren't aligned in strongly believing in crypto its okay to sell, just my 2cents.
Btw am not against the idea of holding in a crashing market but if your beliefs aren't aligned in strongly believing in crypto its okay to sell, just my 2cents.
There are traders who are good at rinsing this way. They managed to cut their losses and wait for another good opportunity to buy back.
It's riskier though since it's tough to determine whether the dip already done or there are more incomings
that will only cause you more losses. You need to work harder if you plan to use this strategy.
Good nerve and experienced with the kind of market actions will help you to survive. Panic is a common reaction
but you can control with the right sets of knowledge within the venue of business that you are working.
True Most of the time when you dump it does get right back so maybe just stick with fundamentals and see how that goes because anything can happen with a coin that have some serious development and developers backing So basically fundamentals really works out well for coin Also make sure you are following what coin you are interested
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.
Panic is a bad move in investing, usually panic will make people wrong in making decisions, the habit of the coin will keep pumping at a certain time, but not forever the coin will be in that position, I don't think there is need to panic in this situation, need to prepare steps steps if this happens, so that at some point we don't panic and have a way to get out of the problem.
When a person is in a panic mood, he can make those decisions that will lead to a loss of profit. Many newcomers to the cryptocurrency market are very panicked and this does not allow them to control the situation with the coin they have chosen for investment. You should never panic, it is much better to think everything through very carefully and only then make the right decision.
In gambling they say winners know when to stop and In the world of trading they say use a stop loss to cut your losses same thing can be applied to a crashing market, you can choose to sell and when it hits its low that should be a good time to buy the dump and make money and recover your losses and also make a profit while the market recovers to get back were it was before.
Btw am not against the idea of holding in a crashing market but if your beliefs aren't aligned in strongly believing in crypto its okay to sell, just my 2cents.
Btw am not against the idea of holding in a crashing market but if your beliefs aren't aligned in strongly believing in crypto its okay to sell, just my 2cents.
That's why there is no single investment strategy that can be adopted universally for profits, everyone has its own. Mostly people sell when market crashes, latest such instances is BTC crash from 50k to 32k after musk tweeted against BTC.
One of Warren Buffett's most famous investment sayings is "Be fearful when others are greedy. Be greedy when others are fearful."
Whales follow this strategy thats why they are called whales.
In gambling they say winners know when to stop and In the world of trading they say use a stop loss to cut your losses same thing can be applied to a crashing market, you can choose to sell and when it hits its low that should be a good time to buy the dump and make money and recover your losses and also make a profit while the market recovers to get back were it was before.
Btw am not against the idea of holding in a crashing market but if your beliefs aren't aligned in strongly believing in crypto its okay to sell, just my 2cents.
Btw am not against the idea of holding in a crashing market but if your beliefs aren't aligned in strongly believing in crypto its okay to sell, just my 2cents.
for a beginner I see the dump as a big loss, and scary. but for a professional dump can be interpreted as an impressive moment because it can add to the collection at a low price and wait until the price is high. this must be educated to beginners so they are not afraid of dumps
You mentioned a very good point. But even after so much caution, some people will panic sell their assets. Because fear, emotion are very difficult to control. But most of the time those who can control are the gainers. There is a lot to learn from the discussion of this topic for new traders. I hope they will learn these well. 
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.
This situation will all be felt by beginners, even I myself also felt as you said when I just joined this community.
but what I can say now to avoid panic is not to open the market too often when the market conditions dump. doing analysis and research before taking any further action is a smart choice made by many experienced investors.
For one you are not overthinking it. It is really true that many of the old timers here, have been giving out small tips to newbies when it comes to investing in crypto, and one of these tips is really not to use your emotion when making a decision that would make you earn more or lose more of your money. Do not panic when there is a correction, it is normal for corrections to happen and it is normal for prices to go down after it went exceedingly up. You will be able to make better decisions if you are calm.
Sometimes saying that to a beginner does not match the expected expectations, but this will be a panic for beginners if a dump occurs.The most important thing is that beginners must be trained with habits like this because it will be a valuable experience later, I also used to experience the same thing and panicked too much when a dump occurred but over time I have understood how to control my emotions and anxiety, so now it's a bit calm down and a correction or some other kind of decline will remain safe for the long term.
It's no fit cause even you'll informed them about this matter they will simply react from how the market moves.
Most of the time, beginners are afraid they are not ready to risk their money, with huge fall, they will simply go with the flow and
Accept that they lose. Not a good practice, but if they'll take this mistake as a good learning ground, on their next attempt.
it will be more stable and not the same as the previous outcome.
For one you are not overthinking it. It is really true that many of the old timers here, have been giving out small tips to newbies when it comes to investing in crypto, and one of these tips is really not to use your emotion when making a decision that would make you earn more or lose more of your money. Do not panic when there is a correction, it is normal for corrections to happen and it is normal for prices to go down after it went exceedingly up. You will be able to make better decisions if you are calm.
Sometimes saying that to a beginner does not match the expected expectations, but this will be a panic for beginners if a dump occurs.The most important thing is that beginners must be trained with habits like this because it will be a valuable experience later, I also used to experience the same thing and panicked too much when a dump occurred but over time I have understood how to control my emotions and anxiety, so now it's a bit calm down and a correction or some other kind of decline will remain safe for the long term.
For one you are not overthinking it. It is really true that many of the old timers here, have been giving out small tips to newbies when it comes to investing in crypto, and one of these tips is really not to use your emotion when making a decision that would make you earn more or lose more of your money. Do not panic when there is a correction, it is normal for corrections to happen and it is normal for prices to go down after it went exceedingly up. You will be able to make better decisions if you are calm.
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 a lot of people want to try all sorts and kinds of strange ways to predict the future market direction, but thats just wishful thinking. Daytrading is fun but when you are in a dump, you do not sell for less than you bought it for. I would think it's smarter to leave it as a long term investment. From a mathematical standpoint, your wallets keep shrinking in the daytrading game...
...In any case, don't put all your eggs in one basket and moving the eggs back and forth will end you up with several cracked eggs.
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.
for a beginner I see the dump as a big loss, and scary. but for a professional dump can be interpreted as an impressive moment because it can add to the collection at a low price and wait until the price is high. this must be educated to beginners so they are not afraid of dumps 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.
It is necessary to think about situations like this, so as not to panic when the coins start to be pumped hard, initially all coins will be pumped but at a certain time it will stabilize by itself, if we don't have a view of this incident, panic will spread, so the coins we buy will be released quickly. the price is cheap, so there is no benefit from buying the coin, therefore it is necessary to study every decision we take, so as not to experience losses in the future.
Whales are very hard to work with, they are killjoy and they are selfish. It's tough to play catch and ride as they can easily manipulate the directions. If you panic under some circumstances, then you will lose your chance. The best practice is to keep your eyes open and make sure that your guard is always up.
Set your target according to your understanding, both buy and sell position needs to come from your research. Failure to do the process will lead you to lose your money when artificial dumped takes place and the selling pressures are stronger than the buy support from the market.
Jump to: