Do not panic sell when there is dump - page 9.

Anonylz

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Quote from: Atang Sulaeman on May 17, 2021, 08:09:32 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.

This dump is not done by beginners only, almost all weak hands are dumping right now, some dump in the hope to buy back even lower if the price will go lower, Elon and his trolls are not exactly newbie or beginners but there attitude is creating chaos and making people to panic sell, unfortunately it is hard to convince people not to sell because we don't know how low the market will go.

Atang Sulaeman

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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.

fileo

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No point to worry and panic every time the market struggling from decline. Since cryptocurrencies ecosystem is volatile and unstable flow of hype. There is always a possibility to experience the market uptrend and down trend as we know correction and fluctuations are real in cryptocurrencies. Be strong and have faith, the market will be okay again in due time.

Viscore

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Quote from: larus on May 17, 2021, 04:25:12 AM

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

Of course, because no one sees the future. However, we have to make a judgement based on what we are seeing now, will we still wait until bitcoin or the market will dump further before we jump ship? of course, we should not as it's a bad idea, we have to jump out and just wait until bitcoin reaches a very low price before we will start accumulating.

We've seen this many times as bitcoin is very volatile, hence the entire altcoins follow bitcoin's movement, with our experience, we shouldd know better.

Benefactor

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The correct approach is obtain as much quality data in the most limited measure of time conceivable to make a respectable judgment. Coins can crash for awesome reasons. The accomplished dealers will not frenzy sell on the off chance that they've purchased a coin that they truly know about. Furthermore, some unacceptable system that they're purchasing at the siphon ought to likewise be changed however you can't underestimate them since that is the means by which they began.

larus

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

Mauser

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Quote from: Lorokan on April 17, 2021, 02:08:18 PM

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.

I agree with you, this is exactly what we are seeing right now. Too many people are dumping their BTC and will probably have to just rebuy them at higher levels in the future. Panic selling is a serious issue, it happened to me a few times myself. On top of the sell price we also need to take into consideration the fees of selling the coins quickly, and then again another set of fees when we are buying again.

leea-1334

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Quote from: Ghondronk on May 16, 2021, 02:31:13 PM

If you don't know when to sell and get panic when you see a dip, the best thing to do is setting stop-losses to minimize the loss which may occur. If you do it correctly, you might be able to make profits by buying them back from the dip. Else, you have to keep calm and not making any panic trades during the dump and wait till the market becomes normal.

Stop losses is something anyone should do,,, not just those susceptible to panic/fomo,,, it is the basic qualifications for any trader who just wants to do something properly.

It really is not something to consider optional, unless of course you are swapping on DEX where you cannot put limit orders on the market.

iTradeChips

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Quote from: ?? on ??

actually, right now I'm panicking.
however, I still hold my assets and hope that bitcoin and altcoin will come back up again. however, current prices have continued to decline considerably, from $ 59k to $ 45k for now. well, it did make quite a lot of changes to the altcoin price.

If you need the money to be doubled and you are impatient, then of course it is understandable why you panic. Here is what you are going to do. Stop reading anything about your coin, any news item, any tweet, any social group dedicated to that coin, stop reading and move on with other things. Then after a year visit the coin, if you are not satisfied with its performance, give a few more years, then at the right time, your coin must have already multiplied your profits twenty-fold. And you might be a gazillionaire by then. Provided of course your invest is a big one.

Xinarae*

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Quote from: rahmathidayat93 on May 16, 2021, 09:59:49 PM

Quote from: sukmo on May 16, 2021, 07:55:36 PM

I agree with you, indeed we must carefully determine the right time to sell our coins, so that we do not feel disappointed and can make a great profit for the coins we hold.
Always keeping up with the development of the coins we hold is one way that we do not get lost.

That is clear, because whatever coins we have held, it is clear that we must always follow the news on their media channels or on their services, because all things related to coins that we have owned for a long time are very important.

For investing in crypto we must wait patiently if you sell in panic then if the price goes up, you have to fall into a loss. No matter which currency we invest in even if it is dumped we have to move forward with faith the reason for the dump is that the coins will rise again. You need to choose the right currency by doing a market analysis.

Ekyfitri

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Quote from: sumant on May 17, 2021, 12:40:25 AM

We can say that most of traders lost their money in panic sell when a big deep comes. Trading is name of a patient with good mind. if your mind goes from point to Point of a trade you can not get success. Buy coin at low points and then hold for some times. In this holding time never mind the price of that coin because one good news about particular coin will come and you will get almost double profit.

in a market situation like now, the maturity of a crypto trader and investor is very important. the feeling of panic can sometimes make a fortune but can also lead to loss.
Those who are prone to panic means not having a good analysis of the investments they are making. without good planning, the investment made will be very easily influenced by market movements.

Dr.Osh

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Quote from: CaVO32 on May 16, 2021, 07:13:58 PM

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.

For sure, when the market is red like this, a lot are already panicking, especially those who have short-term plans for their funds. As we have seen this situation a lot already, what we can do is be patient, don't lose hope that this will be the end of your investments. Bitcoin had been in a much worst situation than now, we are still in the 45k level, and there are so many big players in this market. So going down is not forever, we will bounce back again.

so far, holding back is our only option. however, a lot of people are panicking right now, because almost all the markets are turning red. however, I still hold most of the assets I have accumulated to date. I believe that after this, there will be a bounce back, or even things that can make the price go higher.

sumant

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We can say that most of traders lost their money in panic sell when a big deep comes. Trading is name of a patient with good mind. if your mind goes from point to Point of a trade you can not get success. Buy coin at low points and then hold for some times. In this holding time never mind the price of that coin because one good news about particular coin will come and you will get almost double profit.

nebuch

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I always remember the motto of "buy low and sell high." I guess this motto is always appropriate every now and then particularly when the market turning to red or green. When the market is green, good to wait for the exact target and sell. When the market is red, good time to buy the tokens dream while in dump. Do not panic is necessary to avoid reckless action.

Pamadar

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Quote from: nurilham on May 16, 2021, 07:31:26 PM

Quote from: revilo on April 17, 2021, 02:46:14 PM

This is easier said than done.

Indeed. It is easy to suggest people not panic about the dump, but I believe even OP will be worried to see a huge decrease in BTC price. Grin

Most people are aware that the dump isn't the end of their assets, they know it probably increase again someday. However, there is no exact time for it, and no guarantee for the next pump. This makes most people are worried, I think it is normal. To avoid it or if you are difficult to avoid panic, it is better not to invest a long time, just buy and sell daily-weekly-monthly.

Most people will, but those who have deeper pocket, instead of selling they'll keep on adding.

It's tough to see that your investment value is falling but if you have trust and you really support this market, you'll wait and not to
add more pressure to the market, keep on buying if you still have good spare money is also an strategy by some big holders, they
knew that the market have that capabilities to bounce back.

iTradeChips

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We all have to admit that he had our mistakes in the past. And that these mistakes we need to control ourselves so that we learn from this and eventually be more better traders after our mistake. We just saw that the ATH of bitcoin in 2017 can be surpassed with the other ATH that happened in 2021 and we now know from this that Bitcoin and the Alts will have a good chance of getting higher and higher as time and demand goes higher also. So please don't sell during a dip, you actually buy more and you will not regret it when the new ATH comes.

rahmathidayat93

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Quote from: sukmo on May 16, 2021, 07:55:36 PM

I agree with you, indeed we must carefully determine the right time to sell our coins, so that we do not feel disappointed and can make a great profit for the coins we hold.
Always keeping up with the development of the coins we hold is one way that we do not get lost.

That is clear, because whatever coins we have held, it is clear that we must always follow the news on their media channels or on their services, because all things related to coins that we have owned for a long time are very important.

sukmo

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Quote from: Lorokan on April 17, 2021, 02:08:18 PM

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.

I agree with you, indeed we must carefully determine the right time to sell our coins, so that we do not feel disappointed and can make a great profit for the coins we hold.
Always keeping up with the development of the coins we hold is one way that we do not get lost.

nurilham

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duelbits.com

Quote from: revilo on April 17, 2021, 02:46:14 PM

This is easier said than done.

Indeed. It is easy to suggest people not panic about the dump, but I believe even OP will be worried to see a huge decrease in BTC price. Grin

Most people are aware that the dump isn't the end of their assets, they know it probably increase again someday. However, there is no exact time for it, and no guarantee for the next pump. This makes most people are worried, I think it is normal. To avoid it or if you are difficult to avoid panic, it is better not to invest a long time, just buy and sell daily-weekly-monthly.

CaVO32

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Activity: 1848

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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.

For sure, when the market is red like this, a lot are already panicking, especially those who have short-term plans for their funds. As we have seen this situation a lot already, what we can do is be patient, don't lose hope that this will be the end of your investments. Bitcoin had been in a much worst situation than now, we are still in the 45k level, and there are so many big players in this market. So going down is not forever, we will bounce back again.

Topic: Do not panic sell when there is dump - page 9. (Read 3038 times)