Bitcoin Forum

Honestly wanted to ask and to discovered the newbies among us. i though of creating a vote but it is not Necessary.  i really wanted to ask if there are members of this community that sold off during the last dip thinking that the market has crashed. alot of friends kept complaining that bitcoin and alts will go deep down and it will take months before coming back.

Really wanted to find out people that lost their grip and sold off. what really was your main reason for NOT holding...

There are a lot of reasons why a particular holder tends to sell off their bitcoin from the recent dip;

-sudden need of money
-panic emotions
-influenced by fuds
-buying other coins

And other has personal reasons about that. But when you are a long time crypto holder like me, there is no room for a panic emotions as I have experienced this kind of scene before and the best thing to di is to keep on holding until I reach again my goal profit.

Honestly I won't sell at the dip.Because the dip is the new chance to inverse your money.Mostly people do trade and make a buy option all the time.If you brought some coin and hold for a period of one month is enough.Because one month is enough to get a good profit from your investment.

I agree holding would always be the best option in time of dips but for some important and inevitable reasons, other people force to sell their coins rather than hold them.

I personally don't fall in this current dip and resort to panic selling. I know my goal and i'm determined to follow it. Holding might be quite hard especially if the price keeps on dropping and you see all your investments are falling too but if you are patient enough and you believe in the potentials of the coins you are holding, you will never gonna sell off because you know big profits might be waiting in the long run.

Honestly, I sold some a few days after seeing the market just turn red. I'm not saying I was in panic and worried about the incoming situation but what I'm trying to do is to secure my capital and it is a sort of market anticipation. We never know what will happen next in the first place and I remember that last 2017 Bullrun that I miss, and that simply reminds me that I don't do it anymore. I still hold some but only those potential coins left.
And I never think that I was wrong...I hope so.

I didn’t fall for the current dip and sell off because it is obviously the bearish market when I saw most of the good coins go down so it would be best to be patient and wait for the time that the bullish market comes. If you have a lot of friends or saw other trader who panic sell, there maybe a reason for that like needs or newbies in trading.

Everyone experienced the current dip but for a strong holder, he must keep holding their coins, except for a very urgent need of money. FUDs are always spreading every time, I think we all know it very well. As I realize it is about market manipulation, I never sold any single of my coins during the current dip. I am optimistic that the crypto market will recover and the prices of crypto coins to increase again soon. Be patient!

I didn't sold during the last dip, I only sell if I really have to. Just ignore your friends that are pushing you to sell as they've done. Focus on your goal.
If your main goal is to hold, then don't be moved by them and remain focused on your goal of holding. The coins you hold will determine a part of your future.

some of my friend did exactly that, they thought the when the dip happened the price just gonna straight go down to zero and not gonna get back up again meanwhile we who are experienced enough know that the dip gonna open opportunity for buying and then recover back.
Real sign of a newbie in crypto is when they think of crypto as a market that could fall within a day I guess thus making them weak handed.

I will not sell when the market is down or unstable and will not sell at a loss, and for whatever reason I will only sell in favorable conditions or in the price situation when I first owned it.
Another reason is that I make purchases with extra cash and have other savings for immediate needs without sacrificing crypto under any circumstances, and I always use the long term method, so before hitting the target under no circumstances would I sell it.

All my coins crashed about 50% but I still holding it, because from my personal analysis, the price of my coins will bounce back and soar again to new level high. I learned how history of altcoin when bullish season that happened in 2017. To go to new high, can be take in 3 to 4 months.

It's not a lie that crypto market will crash at one point and the fact is you can't expect the whole market to crash instantly, it's a gradual procedure that can take weeks or months, it's just the same way bull market start getting stronger and stronger every month since 2020

I do not sell my coin during this last dip because that will not give me much profit.
I can hold for more because I expected to make a profit from the increase in the price.
You should hold your coin like other people because if you want to make a big profit, you need to do.
This moment is a good time to buy more at a low price so when the price starts to increase, you will see your profit will be bigger.

Nope but almost because of some doubts even though i know its not the end.. That's why i'm very thankful that despite of the situation of the market i can still control my emotions and now i have chance as well to regain all those losses during the massive dip.. Just imagine 60k to 30k above seems a little bit scary. Lol reason those who can't hold their emotions immediately sell off..

Before you believe anyone in this industry, try and find out their technical ability and pedigree in cryptos. Don't just take the word of anyone claiming to be a veteran hook line and sinker without verifying it. On the general view, the market is bullish. At least this is likely to go into the last quarters of this year. Any dip now should be viewed as a correction for price to gain support and then spring back to rally. Again, all hope isn't lost. All you can buy back those tokens you prematurely sold. All you have to do now is get a nice entry position during a dip and go in back again.

i still hold some altcoins, if the price of the coin i hold goes down then i have to be patient when the price goes up i have to sell it, i believe the coin i hold now will only determine a part of my future

Sold some bits of my BTC when it was back in $60k.
I sold some tiny amounts when it was around 40k. The reason I sold? I need some quick money. You would not hold still if you're needing the money for emergencies right? :)

If you aren't financial stable holding coins is a bad idea for you because you will eventually go back and sell those coins you are holding for long term,y advice is make sure you are getting passive income to stay alive and do other things before stacking money some where hoping it brings you fortune in future

Some obviously fell for it at least to some degree, otherwise a sell off can't happen! ;) Unless it was only the big players who unloaded their bags which were created by pumping the market while also selling into it.

I sold most of my coins and tokens as soon as ethereum hit 4000$, I knew the market won't be able to keep up after that, it's just a hunch though because I was here in 2018 and I still remember what happend at that time, no matter how many people are buying and buying if bears determined to march in nothing can stand in their way

The dip in Cryptocurrency market was real and the ATH has been reached severally in the last six months!  It only natural to sell when prices are falling but in Cryptocurrency,  holder usually win!  So I am holding my quality altcoin and bitcoin as well!

 ;D ;D ;D Because I was able to make more profits and increase my volume by sell-off somewhere at the top while the dip started and I was also able to buy back now even though I did also take profits from my initial sales.
I have always seen people claiming it is the newbies that sold during times like this but we truly know that is not the fact, Is it not also wise to sell when Bitcoin was like $60k or maybe even $55k and buyback around even $30k-$35k?
If you believe that the market was correcting and that wasn't the end then you know that this was an opportunity you have to increase your position.  

I really can't believe this. I sold all my crypto assets at a very wrong time. I am sadly watching the market right now. Frankly, I was expecting a price of $29000 for Bitcoin. I sold it for this when it was $33000. Now I hope I can see a back dump again  :(

It is irrational to sell your virtual currency now，The market is slowly recovering, and the bull market may be coming soon.
Waiting until the market becomes better, then sell your coins.

You've done a good thing to sell most of your coins at a high peak. Not many of us did that because many of us think that the price can increase more, but they do not think like you. Yes, the market will not stay at a high price for a long time, and there will be a time for the price to make a correction, which is happening now. People who do not yet sell their coins can wait for more and patients because the market will increase back.

Prior to the Dip, I was expecting Ethereum to $5K but it reverse drastically and it fails my planning. I was thinking to get some extra profit if Ethereum hits $5K but it did not happen and I have some liability to pay my debts so I sold my little part of the Ethereum @2500$ and today Ethereum is over $2800 even I have no plan to sell at that rate. I am a long-term holder and apart from this I hold my all coins and did not sell.

actually we as actors in participating in a campaign we shouldn't complain, because that's bitcoin because we ourselves don't know the circumstances and conditions of bitcoin in the future market world, so for me we should remain committed in every condition even though the current situation bitcoin goes down and sometimes bitcoin will soar, so just enjoy it all without having to surrender to the current state of bitcoin 8) ;) ;)

I didn't sell it off actually it's been liquidated after sometime I found out that the futures is much profitable rather than spot trading but of course the multiplier is both for profit and loss and with the current dip most of my positions were liquidated. So to answer your question yes I do fall for the current dip but I didn't sell it off it was automatically liquidated.

Some of my friends made that action and i can't blame them because they need to earn shorttime and not like me that willing to keep holding and risk my money.

I use to do that short term investment but since i am busy at work now and personal life , i choose to just add small amount of Bitcoin or other crypto each payday so i can have multiple investment that i don't need to be afraid of losing or need to check from time to time.

I am rooting for at least 3 years minimum holding before deciding what to do.

the longest holding record of mine is 2 years so i want to break this time and will make it 4 years straight.

meaning up to the next halving i will be on it.

I both doing the same, selling and holding.
I may not call myself being a panic seller but the purpose of selling is to secure my capital which is think was very important rather than to lose everything we have because of that word HOLD. To be honest, I'm no fan of holding for long, I definitely have to sell if there is a chance. Because I was been trick by such a word HOLD before, yeah, I do hold for many years but nothing happens. So I don't want to make it happen again.

There are investors (mostly newbies) who sell their coins during this dip for some reasons, the most common is because of fud. When the market is moving downward, its quite common to think of bad scenarios that can happen. But for new investors who are not familiar on the market or didnt see this coming, panic is hitting them that lead to selling off. While some of us are already in need of money especially this time of pandemic and has no choice but to sell at loss.

In my case I didnt sell because I used to see the market turning ups and down. Its the advantage of investors who already been here for years to experience different situations. Thats why its a must to know what you're getting into before investing your hard earned money.

I already convert to usdt when I smell something wrong with the trends starting with what they call shitcoins starting to go up rapidly in the price with a just tweet and people posting about it, before the downtrend starts I immediately switch to usdt, and after a few days it really happens I did not know it will happen but, with my experience in 2017, the same thing happens, with that, I earn some by buying it at the lowest price.

It is no longer strange that panic is a natural trait experienced by all traders. except for those who really understand that the crypto trading cycle is just the way it is. those who sell because they are carried away by FUD which destroys the future. selling at a risk which will be a regret later on.

I'm sure there will be people selling when the dip happens. many panicked people ended up selling some or all of their assets. In fact, some people have already made threads and talked about their losses. however, the principle that I hold is still quite strong, I don't sell when the price is high, and when the price goes down, I have to be strong to hold it

Good thing is that I still keep holding, I am already trusted bitcoin and once it goes down, I will still hold and it and will not hesitate of selling it, I know that bitcoin can reach the new ATH again within this year, despite of many FUDS, bitcoin is still strong and keeps on reaching for about $35000, do no sell while in dip, you will literally lose your money from that, just keep holding it and buy more.

honestly i am sold some of my assets, but i use it to rebuy again so i could accumulate my coins amount no matter its value in dollar decrease alot. i am believe this is the whales scenario to get cheap price,and if i could hold it as long as roadmap planned well everything will be okay. previous bloody market at 2017 i met it so history will repeat it self.

Yes there are many traders who sell their assets in panic when prices fall but it is foolish in the crypto market the price of currencies goes down but later the price doubles. Therefore it should be held without selling I sold half of it and left half so that I would not have to regret it if the price went up later.

I hope you were right but I not sure that there is another ATH happening this year. Whether you believe me or not, but we are done already with the ATH. What we got now is a huge correction and if ever there is a recovery (where we just hope to commence), I'm not going to say that it leads to a new ATH.

I'm not going to say that holding is the best thing we have to do now, but we have to consider your current situation coz if it seems that you in profit now, I suggest doing the selling. Not all holding gives positive results, many were also suffering losses. And might possibly happen to you.

You should sell at the right time to make profit, then you will be able to collect it from the dip. Everyone has a solid reason, but I work for more. In the past years, while everyone was waiting $100k, btc price fell to the bottom at the end of the year. Since I thought the same scene will experience this year, I have exchanged half of portfolio to usdt from the good price. Prices have reached unexpected peaks, but now it is time to come down a little bit.

Everything happen under the sun if you begin to trade the cryptos, yes it always happen, that's why the whales are so happy by buying the cheap coin coming from the weak hand,

Well, personally, i used to be one of those many that will sell off my coins when I noticed the market is dipping, but now, I've gone passed that stage, and to be sincere to the question asked by the OP, yes, I did sell a little amount of Ethereum coin I had yesterday, but this wasn't because of panic due to the market down turn, I sold it for usdt because I want to invest the money in another coin, though to be sincere, if I had waited and sold my Ethereum today, I would have gotten more usdt and the amount of tokens I bought yesterday would have been much more today, but this is not how I see this things, cus it could have been the other way round.
So I believe anyone who sold some or all their coins during the dip has their own reason why they did what they did and shouldn't be blamed, allow them to blame their selves if they actually panic sold.

Each one of us have different reasons on selling or holding of coins.
One is that they sell off there coin to diversify into other good coin or else they can't control their emotion which result to bad decision making.
One thing that we can do with the coin that is lossing its value upon purchasing when market goes bloodbath is stick to plan until it bounce back in time.

It is actually quite confusing on learning what's best to do in this kind of situation. There are many people who surely considered hodl instead of selling due to what they experienced before during the last bear market we experienced on 2018. They now have higher faith that no matter how long it will take, they will believe that the market will soon recover again. On the other hand, some people just doesn't have enough faith on crypto that's why they sell off and other circumstances might have pushed them to do so.

I am not from panic sellers. I am a long term holder. I will hold my altcoins until my target profit. I don't know why people sell their alts In dip. Don't they know that after big dip there will be good pump in Market.

Nope!
I added to my bags of ADA, ALGO, VET and added a new token to my portfolio; FLUR.
FLUR is similar to Safemoon. FLUR is a community-driven, fairly launched Defi Token. Three simple functions occur during each trade: Reflection, LP Acquisition, & Burn. 5% redistributed to holders and 5% to locked liquidity every transaction. This project is about two weeks old and reached a market cap of 4 million at its peak. Currently about 2M.
The owner behind is soon making a complete website re-design + Whitepaper + Road map.
The creator is: @ Flurbnb on twitter. He has over 200k followers across all his accounts.
He his a massive influencer in the giveaway space.

Most of the new investors lost their faith because of the manipulation. A group created FUD and many people sold their coins by being panicked. Some people also sold their crypto to buy again at lower price. But I believe, most of the old crypto holder still holding their coins. I haven't sold anything from my holding wallet. Though I have bought and sold crypto from my secondary wallet. The amount is small and I did it for my necessity, not for the price change.

Sadly, many had panicked sold and that's why it is important not to ruin your emotions when you're investing to cryptocurrencies. You don't fall when the market falls.
You must be stronger than the market because you'll literally incur losses if you cannot manage it. I think most of us did experienced panic selling due to lack of experience.

I certainly did not panic sell, I’m long past falling for that now. You have to think like a winner to be a winner. Buy low & sell high, don’t trade with your emotions, it’s the perfect recipe for disaster.

I actually sold some of my ETH at last ATH at around $4.4k.
Pretty good move on my behalf, if i do say so myself, as i basically bought back at around $2k and doubled my ETH portfolio

Why people panic when market go down? Do they not know that there is always dump month after a pump month so I think market will soon recover and stable. I am Strong holder. I am 35% in loss. But have not sold a penny in loss.

I kept holding but I do not know how many people are going to actually admit that they sold their coins, after all this is a bitcoin forum in which one of the favorite strategies is to hold no matter what, why risk facing criticism by selling when you could just say nothing?

Also the reason why anyone sold their coins are obvious, people got scared about what was happening and they decided to sell their coins and recover some of the capital they had not understanding that even if they bought at the ATH bitcoin will eventually recover and they could turn a profit during the next months and at worst during the next years.

The last month of the cryptocurrency crash wasn't manipulated by Elon Musk. Only USDT was the safe place from these market bleeding. After so many candle marketcap needed a good correction, but I didn't realize that dip. Altcoins price fell up to 3-4 times, when Bitcoin only 35 to 45 percent. There was a good opportunity only for traders.

Not only that, some have intentionally sell their coins because they needed fiat this time. And others are also selling their coins because they think they have made profits already. And that's the essence of investing, use your profits and buy another back those potential coins with their affordable prices.

But for those early adopters of crypto, selling in dip is not advisable. If you understand how the market moves and because you know this thing happens again and again and the market will turn green after this, then you'll consider that holding will be the best thing to do in times of dip.

The last bear market way back 2018 taught me the biggest lesson and that is to learn to hold a token let's say even the 50% of your token left and not selling out of what you have. It taught me trust the crypto especially bitcoin and to have a patience to hodl though holding at that time really needs to have a long patience coz the market started to recover in the earlier or middle of the year 2020. But at some point we have also some personal reasons why we think that selling off your token was the best thing to do in a sudden current dip. We also have our own needs, our own level of necessities in life that needs to meet.

I'm not a follower of the crowd and that's one of the reasons why I make decisions in life. I started making money with this market and have faith in it many years ago and with the current movements of the market I also understand the feeling of new entrants, and I find that what everyone the one who is always lacking is knowledge, and that knowledge will be exchanged with people's time or money.

No, I managed to get take my profit before it happened. I noticed that the bearish market will still continue after a couple of immediately recover and now my analysis is correct. Now, I will wait until Sunday or Monday and see what is the status of the market if it’s a sign of recover or bullish trend and buy again. If I know that it’s not advisable to sell when the price goes down, I didn’t sell and just wait for the market to recover. I think it’s too late to sell if its too deep unless if the price goes deeper but we don’t now exactly what will going to happen next.

Yes, if the Bullish market continues then it is still very good to hold the good coins and buy some other coins when the price declines, because the double profits will always come when the market starts to move up in the year.

if I were you, then I would stay HOLD and not sell during a decline, because you will lose your money, therefore I always recommend to investing using money that will not be used in the near future, so if the price of cryptocurrency that you invest is down, then you will not worry and can HOLD until the price increases again, so you can get profit again without having to panic sell (lose your money).

It can also simply be a timing problem. If you don't expect the market to fail and you want to shift some of your crypto assets into another crypto asset, say Bitcoin to Cadano, and you do it and out of a sudden the market drops you are kind of stuck.

I think that nobody is completely emotionless. Neither when your wealth goes up or down unless you are billionaire. Then it doesn't matter if you have 7.5 bn USD or 5.8 bn USD. FUD shouldn't influence you, that is right. Unless it is a sneaky organized mass attack with media and crypto whales.

Crowd very often panic and it increase the fall of the market. It is very important to continue to develop a project even inspite of the fall of the market. In such case all kinds of promotion is good such as https://twitter.com/CryptoArenaSDEX/status/1398027493190164482

It is very important to share the information in social networks with the users to have more trust.

I sold most of the cryptocurrencies at the peak of the growth of the cryptocurrency market, but I also sold some cryptocurrencies when the correction of the cryptocurrency market began and it was not in vain that I did it, since many of these cryptocurrencies that I sold now have dropped very much in price, and the most important thing is that I got a good profit from the sale of various cryptocurrencies and now I am waiting for the right moment to reinvest in various cryptocurrencies.

It's just a method that should be followed by everyone who wants to invest, because by using money that is not used for other things, it will always be free from the burden of thoughts when a price decline in the market occurs, only some people who dare will not care about this.

This kind of situation has happened before and luckily, I learned from that already. I'm glad that I have sold my holdings during the bull run and I was able to buy and accumulate more again when the price strikes down. It's just a matter of perfect timing and setting a target goal would be a big help. Panic selling during the dip would only result in losses in the future.

Well for me i believe that market will be recover. So i never consider to sold my assets. For me, it is better for you to hold your assets because market will no go down more than nowadys.

No i did not sell off my cryptos during the dip and i pity everyone who did that. I am just not that kind of person that is so easily to upset by falling courses. I mean of course it was and it is still very annoying to look at my portfolio now that it has only 1/5th of its value in comparison to the beginning of may, but selling off now would just be completely wrong in my opinion except you invested money into crypto that you need for living and you are afraid that the prices are dropping even more and you want to avoid a even bigger or total loss. If you did that you already made a mistake because you should only invest money into crypto that you can easily afford to lose.

I think under these conditions we can only make short-term trades. This kind of trading will reduce the losses incurred. If you wait until Bitcoin and alt are at their peak, it will take a long time. Reduce your losses with short term trades.

Almost all of us fell in the current dip, but only a few people were sold off. I know this information because I don't stay away from the Total coinmarketcap. Although the market fell from 2.5T to 1.4T. I lost almost 3k USD because I didn't sell off my holding tokens. I won't sell off in the next dio but switch to another altcoins.

I think this is a trade where not everyone will benefit and the success of what has been analyzed not only newcomers, old players are also not spared, this is because it can be possible; due to lack of knowledge, experience and most importantly the traders' emotional questions

Alot of noobs would have probably sold off their crypto bags in losses during the last dip, same with those people who buy whatever Elon Musk shills, In my case I think it's pointless selling off in losses, so instead I will be holding into my bags till the market recovers from the last crash, which as you said will take a months, cause there isn't any bullish news about bitcoin these days, starting to feel like the bull run has ended already, I just hope am wrong.

there is no way except holding our assets, if we sell it now ofcourse alot of money will losses. wait till all crypto currency back to normal price is wish decision for us . just remember this year predicted as best  year , there are alot interest from institution for making investment in this market. looks like they waiting for best price before entry.

Because if you just come in here without any knowledge about crypto, you are making yourselves just like a testing machine.

A lot of people succeeded in crypto investment because they actually know what they gonna do. But also, it was unfortunate that many were lose their money because of its ignorance. I could blame myself at once but after suffering a big loss before, I realize the importance of how to control our emotions and must have to think wisely.

I sold it, And keep everything to USDT, because at the moment the crypto market has not recovered and it took months to become altcoin season or the market is back bullish, I hope it happens again in order to be able to trade and restore my current losses.

I regularly sell a fraction of the bitcoins I own and without thinking about whether the bitcoin price is in an up or down situation, because I have to meet my needs regularly and only in small amounts.
and for now I will be more assertive and thrifty in selling as little as possible and do it when I need it most, because the decline that occurs is already in a loss position if I often sell it even if only a little

Yes that's right, here's the trade risk, but I think it's pretty good this year than the previous year, this year we had a pretty long bull run of about 6 months over, and now we're entering a big correction. It's also an opportunity to buy below.

I don't care much about it, but don't blame the crowd because we are just players on the control of the larger forces. And of course, if we are smart enough, we still have the opportunity to protect our own assets.

The only reason for me to sell all of my investment is when i reached my goal or maybe i need to buy something in real life so i need to sell my investment. And my goal is to see ETH price reach $10k++.

I understand some people were in panic mode because there were tons of people who joined with money they need, and that's the root of the problem. I have seen people who joined with their savings and when they panic it is useless because if they wait eventually they would profit more and that is a much better situation, however I have seen people join with their salaries, I have seen people join by taking out loans and those people of course were in panic mode and I understand that, and I was one of those people, I seriously considered taking out a loan because it was a great market period and I still think there is good money to be made as well.

I wasn't going to do something crazy, just get cake-bnb LP and farm it, that would give me both profit for farming which would be higher profit then the loan repayment amount, but I would also try to make a profit from increasing price of Cake and BNB as well. That is what I imagined would help out a lot.

In my early days when i started trading, i used to get panic on such negative news and market dump and sold my coins in loss & panic. But soon after i sold my holding i realized that the market starts to recover again. Now i never sell my coins, rather i know that when market is dumping, this is the best buying times.

Honestly, I sold off my bounty rewards before this current dip, but unfortunately I switched back to Bitcoin. My bad that I couldn't take these current dip opportunities. I sold my DIA and YOUC at a good price. I didn't know about this current dip, but I sold off to buy another altcoins. Before investing I wait, let's see if my prediction is right or wrong.

The whole situation on the market is a downer, but! If you know you know
It's time to buy dip
I bought CRPT https://coinmarketcap.com/currencies/crpt/
Might be a dark horse
Their wallet is great https://crypterium.com/

I have friend, and he sold and cash out some his coin because he need money for urgent. But iam still holding strong, keep waiting for another 6 month or 1 year, this is short times for me, because i been waiting for more than 3 years since 2018 for bullish season, and I dont want missing another bullish season. I believe Bullish season 2 will coming in next afew month, and alot of coin will going to new ATH.

Yes sir i am facing  1st 2 thing but i didn't sell anything my wallet has only 10 tk means $0.08 since last 5 days and im my mobile wallet has 300tk = $3.9 thats why i am in home last 5 days. Still i didn't think about selling a 50% loss. I am ready to wait more time but i know this is future and it will finished my all money problem in future. Well i can bear this all because of i am student and i donot Have to think about family expenses though my family needs money support but i told my mom all thing so my mom support me and told me do whatever you think good for you. Though i have time thats why i can bear this panic time.  But we also have to thought about future too.

to be honest until now I really want to sell the assets that I have. it's just that considering that crypto is currently being watched closely, I think the price will be back up again soon. however, for now I'm just being patient, and holding on. I'm pretty sure that among us, there are many people who sell their assets at cheap prices, even if it is a loss for them.

just stay consistent with what you already believe. but for me, looking for profit is something for sure. and I will not waste my time waiting for the market to return to pick up my already declining capital.
I will sell and pick them up below. I've done that in several downs that happened in 2018 and 2019.

Now there is no certainty in the cryptocurrency market, so it is not known in which direction the next movement will be. Accordingly, those who sold at a low price may have a good opportunity to buy coins at a lower price in the future. In the near future, we will see whose strategy in the market turned out to be correct.

For me the most important that the project will continue its development even inspite of the fall of the market. So it very important to check everything including the team of the project and their former projects.

I agree with you, panic sell will only make you lose your money, but if you hold and don't sell it when the price go down, then of course the money you invest can still grow when the price of coin that you invest increases very high, therefore it is better to hold and wait until the price increases again rather than you do a panic sell.

Absolutely not. I'm actually bought some more LTC, BCH and BTC. Who know when are we gonna get this chance to buy crypto on so low price.

Don't generalize people that everyone have same kind of minset.

They are probably:
1. Afraid of losing more money, because there is a thing called cut-loss so they wouldn't want to suffer for more loses by just holding the dipped coins.
2. They need a quick money, who knows they need quick money for their urgent needs when the price is dipped.
3. They have set up their goals. Maybe they are in profit?

when the price collapses very deep and I sell it out of panic then it will only make me regret it even more the next day when the price has recovered and rose to be very expensive, so I prefer to wait for the price to rise and be patient.

Once you start to get more experience in the crypto market, you will realize that the dips are a normal phenomenon which can happen at anytime. A negative news, corrections, dumped by whales, and even "tweets" can cause a dip in the market. If you analyze the market trend carefully, even during the weekends you may see a dip which is quite significant. Hence, do not panic. Book your profit. Set stop limits, if necessary. Expect and be ready for a dip at any moment.

I certainly did not panic & sell on the current dip. I’ve been round the block more than a few times & am experienced enough to never sell when we’re going down.

Indicators plus luck that leads you to make very decent profits from your chosen investment, though it's not for everyone but you
can always have information that can assist you to look upon in any venue of opportunities, instead of panicking it's better to check
and balance your funds,

There's always up and down make sure to know where to place your mindset, aim for better outcome and never to fall with your emotions
it leads you up to make a huge mistake and lose your money during the dip.

during current dip I didn't lose too much so I still decided to keep holding until the market stabilized, indeed sometimes this is something bad for beginners because most do panic sell, but believe if market will back soon

There reasons should be
+ Fear, panic
+ Needs
+ News
+ Target -sell of when it goes lower than _ or above _
+ Period
And more.
Newbies or non newbies many sold of at this time, not only selling off some may never buy crypto-currency again, because the think it's pressure it exert on them is to much, I didn't even think of the market dropping, I only saw to buy more crypto-currency.

Though as at the current dip, don't really have much coin on the fallable coin, so I did not have course to venture into panic sales at any point in time, but I believe it will rise again in no time.

It's been off when the season is into the declination stage and that is the time when many soft hands mostly those newbies in the market are selling out their cryptocurrency coin holdings due to panic and also fear of getting left out and suffer from loss due to the dip. Other factors may also include the guts of having a lost potential of the coin making some to sell those out because it will no longer be good for the long run. Also it might be the case that shortage of funds is the reason making them to sell for the sake of funding themselves out for the reason of putting them into better sake.

Definitely, it was a feeling when you still don't trust the market and the coin that you are invested in. But I respect them as they have the reason and just wanted to keep safe of their funds that is why I don't have the right to call them weak hands as not all noobs are like that. It finds to be normal, selling off is a common thing and anyone can do this. In fact, I did this very often when the market dumps and reinvests again. I think, this is an investment cycle, buy, hold, and sell.

Well, for the purpose of the OPs personal enjoyment of taking note of other peoples unfortunate decisions in life, I will not answer this question. But rather ponder upon the answers of those who went before me. I mean as a day trader I base my decisions on what profits I can make for today, and that is already different from say, the investor standpoint who wants to earn so much but sold his asset with a loss after a crash. So for traders, a little loss is ok. Because we can be sure that we can strategize again to get profit from our trades the following day.

I didn't do any of your guess. I took the opportunity to take the current dip. Unfortunately, I didn't make the highest profit after the Cartesi trade. Although this isn't a good decision because next time I could lose all of my Cartesi with a low profit. When you realize that your holding altcoins have already pumped unexpected limits, then you can sell them. I won't trade with my holding altcoins.

Most people experience the same, the value of the assets drop so much more than 50% maybe. As what I am also facing right now. But, what's for selling off these coins right now? Selling them right now only means we are losing our money at all. I am still holding and prefer to hold them at least until the basic funds are back and try another trading again to get profits. Never panic sell when the market dips and when you are not using CL at the right time, you may be better to hold them.

As I understand CryptoArena is a hybrid exchange that combines CEX and DEX exchanges. I think that idea to create exchanges that combines the advantages of CEX and DEX exchanges are very useful. Cryptocurrency exchanges developing and becomes better.

Looking at the price today, I am pretty glad that I sold most of the coins in my portfolio while on the others, I took the capital and let the profits sit there in the exchange spot. Had I not sold majority of my coins, I would've lost a lot. And right now, the only thing I am doing is watching for some significant news or price movents on big exchanges. Only when I get positive news and movements of price will I start rebuying my favorite coins again. I may even choose not to buy some of the coins I had in my portfolio last time anymore depending on their performance.

Yes very helpful post.we have to wait for getting New change or new chance.becuse now trends is bear market.I think bear market is not good for sale.so we have to wait.

Now there is a big demand in Exchanges and they are very popular. But CEX and DEX have their own shortages. It will be good if appear an exchange that will not have have the shortages of CEX or DEX.

I am not, although see news or maybe some of my friends said, "dump", "rekt", etc, i only holding small amount, really small amount and maybe if i mention it people will say that i am not really holder. But it's all that i have for now and i think holding it for a longer time is not a problem for me.

I don't understand what people are doing when doge coin was over 0.5$ it seems to be pure greed if you ask me, doge coin is the most profitable coin this bull season because it was dirty cheap in 2020 with even few thousands pieces of doge you are already in money

- Agree, the past is the time when we sow a lot of hope so that the market can strengthen stronger, especially focusing on the projects we want but when the price increase is too stable, we have been less proactive in taking profits and being more greedy besides this market, the subjective situation has caused damage and turned our positions upside down, no longer profitable, all are back to the negative mark. The sell-off is only useful for early adoption, projects are overrated and foolish to invest in, it could be a big failure and we need to deal with it, top altcoins have more respawn conditions but quite a crisis

the decision to sell wasn't a mistake, it could be an anticipation of a deeper decline, and it doesn't mean those who are selling are weak. but please note that the decision to buy and sell must be based on analysis, if you panic buy because of the hype, it will be easy to panic sell when the price slowly falls, we must have a basic analysis in order to have a stand and not be easily carried away by very volatile market currents.

if the market is in a bad trend, there are two options: first, sell immediately before your asset is minus or cut loss, second, choose to hold on as hard as possible until there is a recovery. don't regret whatever the decision is, then my advice is to use free funds so you don't worry too much about this.

you've done your best, you have a stand, that's good. and I know you certainly understand the risks, big or small are just nominal...

greed will conquer everything inside your mind if you don't have preparations, it's sad to say that it's true  instead of taking profits from the last time peak most of those who are trap now are victims of greediness, thinking that the market will continue to grow.

Each time you place your entry you needed to have sets of targets, both ends should  set up correctly, in certain point, if you pinpoint your earn and loss target goals you'll  avoid being trapped,

Time to think for better ways to continue your journey, never to rush your decision as most of the time it leads you to lose your money.

Actually it affected the the other way. I bought some BNB at what I thought was the dip. But it turns out there was a deeper dip. So I'm stuck ruing my move

There is no need to regret the steps you have made, because there are many people who are also buying at a higher price than you so they have to be patient waiting for the market to go up as they want, because this is all thanks to Bitcoin's ongoing decline.

To be on the safer side, I always make sure that I listen to my self when I felt something is wrong. Just before bitcoin fell below $40k, there were lots of YouTubers and influencers calling back bitcoin to $50k but then I change all my holdings to Usdt for safety. Not long before market fell to $30k and I was happy I did the right thing.
Always take profit when you can, don't expect bitcoin to make a straight movement to $100k when we don't expect money to be printed purposely for cryptocurrency.

Falling for the current price drop had a big impact on my portfolio but at times like this I don't sell everything, I'm not person who easily believes in FUD, I'm selling only because of some needs

There is not a good thing to cut loss or sell off our assets when the market is still down. I know there is a Cut Loss strategy. But personally, I am not doing it because this is too risky and the drop has been very dipping, I lose more than 50% of my total asset value if I am selling them right now. That is why I will prefer to hold it whatever happens. Although maybe when I really need money cash to my life,I probably will prefer to loan with my family  :D

Selling when the market is dipping is not the best choice to make, and I won't expect anyone to sell when coins is dipping because we have seen Stablecoins dipping several times but they will surely rise above the previous value. So instead of sell while not invest money and buy more coins and if you are scared of putting more money is better to just hold and wait till the coin rise before you sell.

I've been engaged in the crypto world since 2017 but have a hiatus for 3 years and being active again in 2021 so probably I'm still considered myself as a newbie. I've faced some panic selling back in 2017 when I bought it went more down but when I sold it went up and it's really frustrating. Learn from that experience, I didn't too rush to sell my baggage on this bear market, I hold instead. I don't have the bravery to surf the waves, so I just hold and wait for the bull market to come. So to answer your question, no I didn't fall for the current dip and I'm not selling off my baggage but I'm sorry for those who did it I hope they're fine and that's the best decision for them.

Dealing with crypto the most important attitude and aspect that you must possess is being calm and patient every time that you see a dip because its normal to see a retracement and correction in the market so always keep in mind that don't panic sell when there is dip but instead accumulate more to get more profit once the market pumps and recovers again.

Keep calm and patient definitely give us power to stay strong in this industry. Change won't come just in over night, it takes some time. When BTC price goes down, everything goes down. But, alt market needs some extra time to go up but BTC should stays up. Panic sold only leads more downtrend of your portfolio. This is life lesson and everyone should go through with it.

I am one of the many persons who has been sold some of my assets when the market suddenly crashes and it is in the very dip when I sold the reason behind this is fear which although I am pretty old in this kind of situation I've still had the fear that the market will go deeper and deeper and another thing is that I've badly need money so decided to sell off my assets just to sustain my needs.

Yes tried.
But dip after dip coming. So in the end bought at a higher price.
But not worrying about it cause market will recover soon inshah allah.
Let see what happens next.

Cryptocurrency exchanges are actively developing and a new techologies appear. Cryptocurrency exchanges always popular even when market falls people continue to trade.

I didn't sell off of course. There is no meaning in doing it as I will be in a bigger loss in time. I like to HODL and have bought more in this period due to the recent big dump in the market. I also set price goals for myself to sell some when I reach them.

I think Divi masternodes are a good option because they passively increase the probability of winning despite the complex outlook.

Seeing the dip lately this past weeks I don't do panic sell and I stay calm because I know that its just normal in the crypto market seeing that there is a correction and retracement what I did is I instead buy more because for me for many of us seeing a dip is the best opportunity to get and accumulate more.

I am glad that cryptocurrency exchanges developing very quickly and allows traders to trade more simple. A new cryptocurrency exchanges appear. Also traders can make money even on fall of the market.

That's right and a lot of exchanges with foul intention closed accounts that were inactive with balances in Dogecoins once they realize that the price has ballooned too high and it is time to turn scam.

I had accounts on multiple exchanges since a long time and now as I try to login, most of them are asking for my identity verification because I have some balance and they never asked me for KYC in past. Hitbtc is asking for ID verification and I had some balance in there and similarly, there are other exchanges like bleutrade who are asking for selfies and all shits because I have a few hundred doge coins on there.

Trading is one way to read a person's character, psychology, and control in trading, if he succeeds he becomes a winner, especially during the repeated market correction moments in recent weeks.

According to GlassNode - which is by the way a great site - a lot of new hodlers sold while long-term hodlers did not and which used to low prices to buy. So the losses must have been realized by short-term holders, mostly people who bought at $50-60k and panicked while the price dropped.

Here are some good graphics which underline this:

https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FtmXfV7C.jpg&t=626&c=Hmp6CzzTfjvRxg

https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FTxptFjW.jpg&t=626&c=X_xr6AJ5-hcYIw

Source: https://twitter.com/WClementeIII/status/1402336221205078017?s=20

I also have a balance on hitbtc, and because it has been inactive for a long time, I was asked to kyc. but i do kyc for more than 2 months and always get rejected, until i'm kind of desperate for this. By reading this post, I came to know that I'm not the only one experiencing the same thing. I tried kyc when the bitcoin price peaked, and it was very difficult until now to verify

Nope, i didn't sell anything. Instead i've bought some BTC and LTC. HODL.

Yes I did. The current bull trend 2020-21 had been worthless for me as I already lost as much as I earned for holding the coins. I have just a few thousands dollars left in stablecoins and is planning to buy some coins when the market further corrects. The market is making lower lows and a dip below 30K is what I'm looking for in bitcoin. This time, I'm going to have a very specific formula for buying and selling.

The past experience in the crashing of the market had taught me a bitter lesson not to be too greedy in a bullish season i.e to always set target and take profit  and not to wait for any further pump, crypto market is unpredictable its better to utilizes any opportunity that avails itself during a bullish run and not to wait until the market started correction, meanwhile at dip the opportunity to buy again will also be avail thus the cycle continues bearing in mind that price movement is not a one way traffic.

The current dip would have probably alot of noobs get rekt, cause most of them bought their coins at the top and now prices have gone half, some would have sold off in losses while some will become the new hodlers like the ones we had in 2017, but as for me I'm still holding my bags and selling at a low price right now is never an option, the bullrun isnt over yet bitcoin can still pump to $60k+ before November.

The market dip may happened because of so many reasons, bearish sentiment could cause a lots of harm to the prices of cryptos!  And if the sudden dip is because of negative setiment, that should not be enough reason to sell off your coin/ token! The dip in price will definately stop at some  point and the bounce from such dip could be astronomical!

I sell half of it and take reentry several times. That's why I have increased my holding alts by not spending a single dollar. The market took correction and there could be another big one before it going to renounce again. So why don't we took the initiative and increase our portfolio? I know many falls for the trap and sell off but I think BTC won't touch the 20k mark again any time soon.

I have not sell my altcoins In this dip, because I have a rule that never sell your Crypto in loss. So I will hold it until get targeted profit. I know market is in bad condition because of BTC, but I have hope that soon we will see altcoins on their original positions.

I think only new crypto investors are selling now. Those who managed to survive 2018-2019 frenzy are calm and ready for everything. Fresh meat is coming from Tik-Tok now  ;D

It hurts to buy considering the market will go bullish but it continues to go bearish but I like your thinking and positive perspective. It is about the time when we might see BTC hitting $55k or $0k soon although it might take longer than what most people are expecting.

When you buy Bitcoins and market falls down just remember that the same coin was being traded at $55k and more, some time ago, and if there were buyers at 55k there will surely be buyers again for the same price and just need to come out of this down market.

Looking at the larger picture it is quite obvious that the price should only go higher from such a low.

Obviously, there are a lot of investors who sold their investment and a lot of newbies or newcomers sold as wells since the market continues to drop up to 30k$ there are a lot who panic sell.

At times where the market is bullish, we could already expect that the drop is gonna happened soon, the market can just go to the moon with just pumping and pumping, investors are surely gonna take profit at some point but Elon Musk surely trigger that to happen because of his tweets and the Tesla news about bitcoin.

Not all of us are expecting that but hearing news like that could surely affect the market and make a deep forcing a correction to happen, I always sell and take a profit when the market is high so I have no problem holding at this point when the market is on low, already buy a few and plan to buy more because this is gonna be a big profit when the market explodes again.

There plenty of reasons for not holding. Risk aversion, profit taking, etc.  Not saying we are going to go full bear but what's to say that wasn't the first dip.  Easily can.  Crypto has had its share of bears throughout the last 12 years, it isn't a linear line straight up the chart.

It is not really a shocking reveal that some people sold, price went lower because some people sold and that was always the case in any drop. However if we could realize that selling doesn't mean giving up, we are going to get much better in the future.

Definitely there could be some people who lost money during this period and some of them probably gave up, that is understandable but the reality is that there are tons of people who didn't give up and who still believes in the future of bitcoin and crypto. That is the most important part, if you believe in crypto then it doesn't matter if you sold right now, as long as you can recover and make it back in the future and you are still interested in the space then it is fine, I am fine with a drop, because it means this drop is just a temporary one.

That's the right attitude and good to see people believing despite so much FUD being created around cryptos on social media. Almost everyone is talking about the wastage of energy caused by crypto and it baffles me to see so many guys suddenly talking about it because crypto exists for a decade and more so why suddenly all this talk about wastage of energy when we are actually moving towards PoS in general.

Another thing we must remember is that panic sell does nothing but creates a bigger dip than it was initially. If everyone panics and starts selling the market will break and that's what the rich guys who are planning this bear run want. Have some confidence guys and hold tight, good days are coming soon.