Panic selling can be both a good and a bad thing, i know some people that hodl their BTC when it started to dump from 19k+ in early 2018 and they only had regrets in the end because Bitcoin did not recover that price again for almost 3 Years.
So in a generally bearish market condition, it helps to minimize your exposure to loss, sell some portion of your portfolio yo avoid making a bigger loss if the market doesn't recover
Topic: Do not panic sell when there is dump - page 7. (Read 3080 times)
I'd rather do the panic buying when there is a dump rather than panic selling. Panic selling will only give you regrets and tears of pain and anger because of losing your capital, funds and assets. Always equip yourself with enough trading skills, knowledge, reference, basis and resources.
certainly the dump was brutal and terrible, certainly i will not sell at a loss but perhaps i need to change strategy and diversify my investments as much as possible (more coins, more sectors) so as not to be caught unprepared by another similar event
That's right, but always bet bigger on bitcoin as eventually, bitcoin will be dominant again, because in the long run altcoins will struggle. What we have witnessed today is proof that anytime the market could turn into bearish from bullish, so don't get too hype with the FOMO. 
Yeah. Or else, whales are just laughing at you because you did what they really want you to do and fall to their traps of manipulating the market price. Always remember that market dump, correction and consolidation is part of how the crypto market is working. Basic concept of trading is to buy at red, sell at green.
That's right, and what you are saying is the concept of general economic law, so that people who really understand will always buy in red, and sell in green because that is the basic concept for making a profit.
A strong coin still has strong bearish potential, history has shown us Bitcoin or any altcoin in a bear market.
A trader who has a plan and understands technical analysis knows when to panic because he or she knows when the market is really down.
A trader who has a plan and understands technical analysis knows when to panic because he or she knows when the market is really down.
Oh yeah. This one is for the newbies and people scared of making loss. The more you panic the high chance you stand to make loss.
Because with the fear and unstable mindset you'll go on and do what you're not supposed to do, maybe selling at the dip and making much loss. It's normal for the market to fall in price its stated in the law of gravity that anything that goes up must come down so its the same here the price do fluctuate unlike stable coin. Sorry even stable coins do fluctuate. So its better you keep calm till another bull if you're in a hurry you'll sell your loss and move.
Because with the fear and unstable mindset you'll go on and do what you're not supposed to do, maybe selling at the dip and making much loss. It's normal for the market to fall in price its stated in the law of gravity that anything that goes up must come down so its the same here the price do fluctuate unlike stable coin. Sorry even stable coins do fluctuate. So its better you keep calm till another bull if you're in a hurry you'll sell your loss and move.
Yeah. Or else, whales are just laughing at you because you did what they really want you to do and fall to their traps of manipulating the market price. Always remember that market dump, correction and consolidation is part of how the crypto market is working. Basic concept of trading is to buy at red, sell at green.
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!
Acting like this is very hard friends. Most of the crypto players do not have secure funds in their wallets. They are more interested in buying coins in an all-inclusive way, this is a condition that makes panic, instead of wanting to get big profits. 
Good advice which not everyone will take this advice, especially for those newbies who have just bought top coins like Bitcoin, Ethereum and BNB.
I once made a mistake related to very bloody market conditions, where 95% of my assets were sold due to my emotions that could no longer stand to see the estimated value of total digital assets drop continuously. I sold Bitcoin when in 2017 when 1 Bitcoin was $ 18k, and regrets came 4 years later, namely this year, where 1 Bitcoin could be priced up to over $ 50k some time ago.
I don't want to go wrong a second time and will still believe in the determination I have.
You should be one of those happiest person who sold their bitcoin during the bull run in 2017 before the crash. I am sure you made a lot of profit selling it at $17,000. Then why regret? Imagine how others that had to sell at a loss feel. The only mistake you made was (or not a mistake. You just didn't want to) not buying any more when the price dropped. Or at least buy something with your profit and keep holding it. It's not too late. You still have a chance now. I once made a mistake related to very bloody market conditions, where 95% of my assets were sold due to my emotions that could no longer stand to see the estimated value of total digital assets drop continuously. I sold Bitcoin when in 2017 when 1 Bitcoin was $ 18k, and regrets came 4 years later, namely this year, where 1 Bitcoin could be priced up to over $ 50k some time ago.
I don't want to go wrong a second time and will still believe in the determination I have.
Price corrections is an integral part of market structure and price movement and it is not everytime that there is a dip in price that it is actually a dump, sometimes its just a period of Retracement before price continues its move in the desired market direction.
So it is not everyone that you see a drop in price that you should panic and sell, unless you're making a conscious decision to sell and buy back at lower prices
Depends on how long you've been doing this. Some people truly around here putting money in projects they don’t believe in just because of quick money. If you are a newbie panic sell suite to you. If you are an old hand buy low and sell high. It's shift individual to individual. You don't lose anything if you don’t sell. Hold on to it, the patient consistently wins. Eventually that will be the new low. Keep buying the dips. So it is not everyone that you see a drop in price that you should panic and sell, unless you're making a conscious decision to sell and buy back at lower prices
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Good advice which not everyone will take this advice, especially for those newbies who have just bought top coins like Bitcoin, Ethereum and BNB.
I once made a mistake related to very bloody market conditions, where 95% of my assets were sold due to my emotions that could no longer stand to see the estimated value of total digital assets drop continuously. I sold Bitcoin when in 2017 when 1 Bitcoin was $ 18k, and regrets came 4 years later, namely this year, where 1 Bitcoin could be priced up to over $ 50k some time ago.
I don't want to go wrong a second time and will still believe in the determination I have.
I once made a mistake related to very bloody market conditions, where 95% of my assets were sold due to my emotions that could no longer stand to see the estimated value of total digital assets drop continuously. I sold Bitcoin when in 2017 when 1 Bitcoin was $ 18k, and regrets came 4 years later, namely this year, where 1 Bitcoin could be priced up to over $ 50k some time ago.
I don't want to go wrong a second time and will still believe in the determination I have.
I think it's normal for those people who scared when their investment drop so drastically, not everyone has a diamond hand. Especially for people who are just entering into this crypto investment.
For beginners it is normal but if people are old I don't think they learn from experience,in investing in cryptocurrency, of course things like that have become like daily food,
and when things drop drastically we need to stay calm and continue to analyze them
By experienced most understand that before doing anything theres always a need of researching for any specific
information on why the market is fallen or if the market is moving upwards, it's not healthy to rush things out as
most of the time it will only leads you to lose your investment. Do your DYOR and it will surely benefits you.
Price corrections is an integral part of market structure and price movement and it is not everytime that there is a dip in price that it is actually a dump, sometimes its just a period of Retracement before price continues its move in the desired market direction.
So it is not everyone that you see a drop in price that you should panic and sell, unless you're making a conscious decision to sell and buy back at lower prices
So it is not everyone that you see a drop in price that you should panic and sell, unless you're making a conscious decision to sell and buy back at lower prices
not always selling is the main reason someone panics there are some people maybe who understand market conditions and they take the option of selling in order to avoid more and longer losses, so they wait until the market drops to the end then buy at that time.
this is where you need to realize that taking profit is necessary, I'm sure that all those who sold their coins already have a big profit, but since there will be greediness that is attached to everyone they intend to wait, for their desired price, so when dump happen they lost the opportunity to earn a profit, instead, they lost, what you should think is if you take profit today, if the coin pumps, you still have a profit, but if the coin drops, that is an opportunity for you to buy at a lower price and takes profit when it comes back, if you do things like this no matter what happens, you still gain every time, a gain that is small ios still a gain for a trader.
We all learn from our mistakes its easy to said avoid panicking but it is natural when the market keeps dropping and weak hand lose hope and sell it and sooner they also realize patience is the most important thing in the crypto market if you learn to remain patient you will get success in this market. So by panic selling don't give chance to the whales to take all the profit that you deserve to have. Be sensible, control your emotions and be patient always believe in your coins.
Unfortunately, panic sellers already doing what they know how to do best, panic seller for cheap price and buy back later at high price when the market recovers, this is usually the case with most people, they can't bare to see the market dip a bit before they panic and sell off their assets, experience should be the best teacher but some people are still not use to dip i guess 
And one thing that we always have to remember. That for each panic seller, is an opportunity for us holders and traders. We are flushing the weak hands and we are making sure that we can buy more in the dip so that we can profit more in the next ATH. These panic sellers cannot bear to think twice or think thrice about moving forward with their investment, they will cash out as soon as they see the dip and will accept a little loss of their money. So I would say let them panic. Only those who have endured dips will prevail in the next ATH.
There will come a time where not selling will be your greatest regret in this space, everyone seem brainwashed right now that crypto bulls will be here everytime but little do they know that crypto space works seasonally, bears and bulls will forever be here
Hey. I totally agree with you. I don't seem to understand why Investors cannot understand that you cannot hodl forever. I like to hodl and that is for a period I have projected and depending on when I invested in the project. If you were supposed to take profit and you didn't think the downward trend is a correction for the moment and turns out to be the real bear market for the next 4-5 years, well, don't suppose I can say anything else. What do you think about this circumstance ? am i overthinking this ? share your views.
Every newbie in crypto space experience the feeling of panic selling, let's admit that some or most of us also did that. Experiencing that helped us a lot to have strong hands when the market dumps hard because of fuds. Controlling our emotion is really not easy, if you are easily affected when the market goes down that you always panic sell or cutloss but don't know what price to buy at dip then you are not fit for this type of market. Crypto is very volatile, every newbie in crypto should be prepared by that especially when a long bear season happens.
Jump to: