Topic: Do not panic sell when there is dump - page 4. (Read 3080 times)
We always make a lot of sense when we advise others. When you arrive, you will forget all your experiences. When we find that the price is falling, we may choose to wait and see. But when the price continues to drop, we will panic and sell our coins. One of the reasons we sell coins is because we don't trust this coin.
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.
In the world of crypto and investing it is very important when investing or trading we must have a special strategy and stand firm, sufficient knowledge and experience in keeping the market cheap and releasing at the right time, and what often happens to beginners when coins fall in price, they panic and sell all of this even though it was just a temporary habit for the sake of the crypto market being lively, and when it started to rise again beyond what he expected so he was tempted to buy it again, then we need to remind again for beginners to be good at reading market conditions so as not to panic in controlling the coins that have it in order to survive the panicked coin-holding whale
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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.
Well we cannot really say that we don't have fear specially when we are newbie and there are still a lot of strategy that we need to know, that is why we need to ask the expert to get some idea of what we are going to do with some unexpected situation, panic selling is the number one problem of some newbie but you guys can study the market, with proper knowledge you can take advantage of any situation the market gives, because not everytime the suggestion or prediction of an expert is right. So self study is always needed to avoid losing on panic selling.
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.
Considering the current situation, we can say we are on the right side. Yes, we are still in a bear market. Everything is glowing red everywhere I set my eyes on. But I'm glad I didn't lose my temper and I didn't panic sell. I simply hodled and amassed a fair amount of my fave altcoins for my portfolio. My current holdings include ETH, ADA, LTC, BNB, XRP, and this hidden gem XSN. I strongly believe these coins will generate massive profits on the next bull run. 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.
Considering the current situation, we can say we are on the right side. Yes, we are still in a bear market. Everything is glowing red everywhere I set my eyes on. But I'm glad I didn't lose my temper and I didn't panic sell. I simply hodled and amassed a fair amount of my fave altcoins for my portfolio. My current holdings include ETH, ADA, LTC, BNB, XRP, and this hidden gem XSN. I strongly believe these coins will generate massive profits on the next bull run. What do you think about this circumstance ? am i overthinking this ? share your views.
Panic can attack anyone, especially in certain situations and to be honest, not everyone can easily control it,
Panic for me is normal, it's just a matter of how we deal with it or at least we can control it
I personally can only be patient when market conditions change for the worse or change as I do not want, although sometimes panic can haunt me suddenly, but I am always more patient in dealing with it and ignore every word from other people. Panic for me is normal, it's just a matter of how we deal with it or at least we can control it
This is a blanket advice for noobs! You need to tell them to buy bitcoin and learn how blockchain technology works and how it relate to bitcoin and Cryptocurrency in general. Investors can they hold from the position of knowledge. Hodl is such an important activities in Cryptocurrency. It help the Cryptocurrency and reward hodler!
This I think is what the new players should always have as an advise in crypto. We always have to be sure that our emotions will not be ahead of us and we will be able to control our emotions when a dip happens. It is tempting to just put it back to fiat when a dip happens but no. Be able to control it and be able to make it work to your advantage. As many have implied here, being patient actually helps.
Reinvest is a good decision, but make sure you only do it with the cold funds, because ifs not, it will just add more panic when the price keep going down.
That investment should always use free money or money that we don't spend elsewhere, because it can be a little relaxing for any trader to go through when market conditions change suddenly, but don't panic to sell it right away.Ideally it should be use that kind of money, but many of people who seeing only profit over the investment activity somehow use fund that not appropriate to use for investment, like daily needs or even tuition fee, thats must bring poeple very stressful when the dumps come.
You're not overthinking as this is what is happening especially to the novice who just got introduced into the system. I just hope this little piece of advice from you would help them in setting in.
However, we also need to consider panic selling when the whales have started tossing the coins because it will take a very long time to hold the coins, especially if the coins very rarely have major updates, then to pump back the coins rely only on the increase in the price of BTC even then it won't pump high, maybe that's what I experienced while I was trading in the market.
I agree with you, this is the common thing that happened in the market whenever there is a hyped coin, there would always be a panic selling especially for those small investors and newbies, that's why that coin stopped pumping but we cannot blame those people because it is a natural thing and it will always happen because of so many people with different things needed and different thinking about their investment.
This often happens with day traders and to those who are new to trading. Yes, I have my own experience in it. I remember, when I invested around $2k and awaited for a return to close off my commitments, I had to closely watch to see if I can get some profits. So what happened is, there were sudden market manipulation. Sudden dip and sudden hike as well. I had to change my decision to either sell off at loss and buy other coin which is at its spike. I ended up losing 50% of money i invested. So never fall into panic sells when market is manipulated.
In fact, panic from dumping is a state of psychological struggle that does not necessarily occur when newcomers are not aware enough to trust the level of development of bitcoin and crypto. Most of the factors are woven by the community with FUD in favor of their short positions or whales looking for more profitable levels. Sudden reversal patterns often point to a degree of adjustment from "panic".
I guess the psychology of someone new to the crypto market is still not strong. unless they are people who are accustomed to trading the stock market or other trading markets. of course, they are better prepared and not panicked to see the rapid movement of asset prices decline.to master it, of course, every new person must have good knowledge and skills before entering the crypto market.
because most of those who panic are those who just enter the market without a knowledge of the crypto market first.
In fact, panic from dumping is a state of psychological struggle that does not necessarily occur when newcomers are not aware enough to trust the level of development of bitcoin and crypto. Most of the factors are woven by the community with FUD in favor of their short positions or whales looking for more profitable levels. Sudden reversal patterns often point to a degree of adjustment from "panic".
What do you think about this circumstance ? am i overthinking this ? share your views.
Controlling a trade is a very difficult thing, just like controlling emotions. for me it is something that is common in trading because not all traders have a lot of money and only use money for daily needs. so that when they buy coins and experience a decrease in price, they will surely panic and sell it immediately with the reason that they are afraid of losing their money because they use money for their daily needsAnd it should not be treated that way, most of those who lose their money are those who have this kind of attitude.
Fear leads them and with not enough understanding they suffer a lot, before jumping to this business make sure to anticipate both
risk and potential profits, doing your DYOR saves you a lot, money is very important but knowledge and skills will allow you to take profits,
rise and fall is part of this market make use of it to favor your investment.
Reinvest is a good decision, but make sure you only do it with the cold funds, because ifs not, it will just add more panic when the price keep going down.
That investment should always use free money or money that we don't spend elsewhere, because it can be a little relaxing for any trader to go through when market conditions change suddenly, but don't panic to sell it right away. 
It's natural for beginners to panic because they don't have any experience in trading. But I totally agree with the review you gave and this is a must read for beginners
Not only for newbies, although on the whole they are newbies who often panic because of it, but it also cannot be denied by those who are experienced because sometimes they also feel panic about it, where it appears automatically when conditions are different.Panic for me is normal, it's just a matter of how we deal with it or at least we can control it
Why there are some losers in the space, that's because they easily panic and most of them are newbies.
What do you think about this circumstance ? am i overthinking this ? share your views.
Controlling a trade is a very difficult thing, just like controlling emotions. for me it is something that is common in trading because not all traders have a lot of money and only use money for daily needs. so that when they buy coins and experience a decrease in price, they will surely panic and sell it immediately with the reason that they are afraid of losing their money because they use money for their daily needs 
It's natural for beginners to panic because they don't have any experience in trading. But I totally agree with the review you gave and this is a must read for beginners
Not only for newbies, although on the whole they are newbies who often panic because of it, but it also cannot be denied by those who are experienced because sometimes they also feel panic about it, where it appears automatically when conditions are different.Panic for me is normal, it's just a matter of how we deal with it or at least we can control it
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