Do not panic sell when there is dump - page 8.

ancafe

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Quote from: bakasabo on May 18, 2021, 03:37:10 AM

Quote from: Gorosden on May 18, 2021, 03:20:07 AM

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

Regret comes only after not selling altcoins of a not popular projects, or bounty rewards. In my experience, almost everything that drops price, with time recovers and gained even more.

I will never regret how I have bought waves for $3, became its holder for 1.5 years and was happy to sell last summer when the price was around $4. And look at waves price now.

And I have numerous cases when bounty tokens became worthless after holding or buying altcoins that turned to be just a short-time hype.

however, the benefits will come to those who are patient and choose the right thing. to be honest, I did that too. Didn't panic when Ethereum prices fell a few years ago, it's just that I sold it when the price wasn't as high as it is today. well, at least I got a pretty big profit. however, in these circumstances, it's best to hold assets, or accumulate as much as possible, because I'm pretty sure the price of a good coin will definitely go up.

Golftech

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Quote from: ningrum on May 18, 2021, 05:31:47 AM

Quote from: v3liana on May 18, 2021, 04:00:41 AM

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.

ningrum

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The OGz Club

Quote from: v3liana on May 18, 2021, 04:00:41 AM

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

secretgirl

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BabelFish - FISH Token Sale at Sovryn

I realize that everything you say is good advice for everyone. but everyone has a different way of thinking about trading. each person's capacity for patience and urgent need also varies. I think people who can't survive, not just because they panic or lack patience, maybe they sell out of necessity. it is also possible that they sell because they have another speculation, which is more profitable than hold. and all that is a difficult for traders.

v3liana

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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.

bakasabo

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Quote from: Gorosden on May 18, 2021, 03:20:07 AM

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

Regret comes only after not selling altcoins of a not popular projects, or bounty rewards. In my experience, almost everything that drops price, with time recovers and gained even more.

I will never regret how I have bought waves for $3, became its holder for 1.5 years and was happy to sell last summer when the price was around $4. And look at waves price now.

And I have numerous cases when bounty tokens became worthless after holding or buying altcoins that turned to be just a short-time hype.

Gorosden

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Activity: 518

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$CYBERCASH METAVERSE

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

Gayong88

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Everyone feels, especially beginners, the most common thing is that it involves a high purchase price, but there is a good lesson here that a person's mentality is illustrated whether he is able to maintain price estimates and control his emotions.

wayaneka

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When any bad news the price of crypto can be dump above 20%, so If we full times trader, for the better use stop loss and trailling stop to minimize the loss, and when the price bounce back we can buy at cheaper price and we get more quantity of coin. Full times trader should be have more knowledge about technical analysis and latest news about crypto. But for the holder who buy crypto for long term investment, for the better have more knowledge about how strong the team, what the purpose of the project and what problem they want to solve.

Cappex

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I hope you haven't sold your bitcoins to Elon? remember that your strategy has remained the same and no one told you it was going to be easy.

Hobo66

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Yes Don't be Panic.its btc Correction and alt season will not end. Al coins will dump again after btc long term beasrish same as happened in 2017....so when agian happen in this year so at that time you purchase it for long term.....now just intra trade better. Take good entry amd make portfolio strong

Jaered

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I believe it is better said than done. Some markets dump real hard, so much one has to sell to recoup any form of profit. So its not a blanket rule

ene1980

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Quote from: ?? on ??

for those who are trading for the first time or buying crypto assets it is natural, not everyone will understand and are not familiar with these conditions unless they study or have friends who know market conditions and they will say to be patient and not sell them.
but if you are alone it will be hard believe me.

Have you heard about the charts, literally you can get the monthly charts for the past several years from the day the Bitcoin market started and anyone who is entering the market should go and look at those charts and you can clearly see how the market would behave and how big the market will fluctuate in a short period of time. So you do not need any prior experience when you are in the market, just spend some time looking at how the market will perform. Tongue

terrorJR

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the reality that happens will be very difficult to do when seeing things like this. We certainly have to know first when the coin is pumped? Is the fundamentals good or not? and how will it be in the future. because not all the coins that are pumped have good fundamentals, some of which end up being shitcoin.
before we start to hold and not sell we must first be skillful in choosing coins because this could be a blunder for us.
but if the coins will be good in the future why don't we try to be patient and enjoy a little because hodlers are real winners

Argoo

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Quote from: Joca97 on April 17, 2021, 03:23:09 PM

Sometimes you should sell.If you have seen it in last few months for example ETH it jumps and dumps and then jumps again
Many times i could have bought the dip and earned more.But i was scared of not dumping on highs.I earned overall profit.But selling and buying could have earned me a lot more

Yes, the whole problem is that the cryptocurrency market is very unpredictable and it is quite difficult to determine when to sell and when to buy a top cryptocurrency in order to make a profit, given that it should also grow in price in the long and even medium term. For example, ethereum should grow well in price in the next six months or a year even with the usual retention. This coin recently rose in price above $ 4500, and now its price has dropped to $ 3300. If you sell at the peak and buy at the current price, there would be a good profit. However, we hoped for further growth and therefore did not sell, although the profit from the hold was secured. Not everything is so simple in this market.

fortune1002

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Your view is right for those coins which have great fundamentals and can pump after dump.
But if you are trading hype coins then panic sell is right. Because there is no guarantee that the coin will pump again. So I think we should sell our coins when we see dump after big pump.

monineklutak

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Quote from: Atang Sulaeman on May 17, 2021, 07:09:32 AM

for all beginners with a situation like this must be very panicked, for fear of an even greater loss, and all that fear will disappear if someone is already very aware of the situation, and it is the experience that makes a person mentally very hard.

It is a natural thing for beginners and of course they need a lot of experience to be able to overcome that panic.
I'm sure if later beginners will understand and it's only a matter of time,
the most important thing is to keep learning

iTradeChips

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Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Sometimes "Panic" give you a sudden losses and it will also lose your strategy. So, much better to hold your emotion and be patient. Dump and pump is always present in cryptocurrency. As long as you invest or trade a good coin in a good project then, there's nothing to worry about if it suddenly fall because it will bounce back again.

No, no, panic is not good. It give you a sudden urge to decide to do things and most of the time the decisions are somewhat not thought of and also fatal. Make a mistake and you will not be able to recover from it or if you can recover it may take a long time. You have to be patient, and you have to have the mental capability not to feel disheartened and worry a lot when these kinds of things happen to your account and you are losing your coins big time. For me crypto is high risk, and anything can happen. You just have to prepare for it.

chanler

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mulierum.com

it's true that when the prices are down we shouldn't panic, there are been many cases of people experiencing losses because they do panic sell when the market price is down. therefore it's important for us to learn to analyze the crypto market so that when the market is down we don't panic. the important point is don't panic and don't rush into making a decision in order to avoid losses.

Review Master

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Quote from: larus on May 17, 2021, 03:25:12 AM

No one could be completly sure that this is just a dip and not the end of bull market

Some would think that it's the end of bull run as they're on panic mode because of Elon's tweet which is ridiculous. Also, real hodlers would say, we're in dip to buy more as bitcoin would rebound along with altcoins because bullish divergance is created on RSI indicator. Meanwhile, potential alts will pump because of the trend of IDO and AMM/DEX. So, risk takers with well researching will win in this condition and make sure to take the right decision. Grin

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