Reasons you should avoid selling out of panic

[supahlovah]

Emotions are not the best friend in any investments and people who make such decisions under panic pressure usually lose more than others

[bit-freedom]

I believe some people sell in panic because of emotion but some seems to sell because they are waiting to buy back at a lower price. IMO, both are risky. We won’t know when the price start to go up again.

[Siegtal81]

One of the peculiar attributes of most crypto enthusiasts is selling out of panic. Whenever this happens, it is accompanied by some flaws and setbacks. Reasons why you should avoid selling out of panic are:

1. Dump in price - Sometimes, it does not affect the price of the coin you are dumping alone, it can also affect the general market prices coins, most especially when there is massive dump of prominent coins such as, bitcoin, ethereum and so on.

2. Loss of Investment - you are likely going to loose your investment, because most times, when you panic sell, you sell at lower prices than required. Your profit might be affected, so also your invested capital.

3. Attack on blockchain technology - it might call on attacks on blockchain technology from different quarters. You begin to see people spread more negative news about blockchain and cryptocurrency. For instance, people may begin to talk of crash, scam and so on.

4. Emotional Imbalance: panic alongside the accompanying losses might lead to emotional imbalance in some investors and afterwards the resulting effect on health, such as hypertension and other health implications.

Some people attribute FUDs and perhaps regulations to most of these flaws, which are not. Even though there are FUDs being spread, if we do not panic, the crypto space will be a safe haven for investment.
How many proposed regulations these days have really been implemented? So, why are we bothering ourselves? Some countries such as China, that even succeeded in some of their regulations, does not seem to avoid the crypto world in entirety.

Those who cause panic mainly know that most people cannot control it. Which is why those who take advantage of it, use it as a weapon in the crypto space for their gains.

Note:
I am not telling you not to sell whenever you notice there is going to be bearish market, but take your time to relax and think about it, make your calculations and if you are sure there will be bearish market, sell and buy back when you are also sure it is low enough.

I think there are a lot of them besides the ones you mentioned. In any case, it seems to me that in fact the main reason is the loss of faith in cryptocurrencies at the first fall

[stomerliren]

Should I sell a crypto now?

[MegaPost]

People just lose faith in what they've always done. I very much hope that all - will understand as far as they are wrong and will start working normally. Only if people understand the whole technology they will start earning on cryptocurrencies and not sell at the first drop

[Dimm_bounty13]

I totally agree with you on this write up. It's sadden to see the way and rate at which people sell out their altcoins out of panic, all in the name of fall in market price. This won't  help the market situation a bit.
Well, it depends on individual's mind set.

It's not sad unless you start to sell your coins in a panic. Until you're holding your portfolio, your losses are "in theory". Moreover, it's better to do the opposite: to buy when people are selling.

[elenka n]

You just do not have to go on about emotions, because in this case, the investor will only wait for a loss!

[ujinice]

The cryptocurrency market is very young and the big players are just starting to earn money on it, it makes no sense for them to destroy the place where they can earn money for a very long time, so I am sure that cryptocurrency capitalization will growing and I keep my coins.

[Deallove9]

I have come to realise that market work in a dynamic way which need to be understand and if it is clear understand then there is no need for panic sell or buy at top and sell low, this is why I will depend solely on TA no matter the FA the TA must have lead to a great level .

[edmundo]

The truth is, no matter how you make people understand that panic selling will online cause them damages in the long run, the more people tend to take this easy way out. This has to do with emotions, emotions will always play a huge part in rash decision making. This factor cannot be taken out, it has affected even seasoned professionals but once this aspect is controlled, then one can learn to put faith in the technical analysis and learn to become better traders. Panic selling has to do with uncontrolled emotions. However, it does a whole lot of damage as it tends to wipe our bankrolls or portfolios easily.

[QueenCryptomarket]

Yes, panic is the cause of bad trading. Panic is very unfriendly for small investors. When the market starts to panic, retail investors lose the most. Of course, many of them are actually simple traders and do not know anything about the risks of the crypto market. Such investors should acquire knowledge about the crypto market and significantly reduce losses due to panic.

[dedocry]

because the price now is very very low. Do you really want save your deposit? or make small profit?

[jacafbiz]

There is no sin in having a threshold, we need to know how much loss we can stomach, a lot of people have lost fortune to this HODL phylosophy of some people, but what we see is that those preaching HODL are doing opposite of this and are selling to buy dip. What I would advice people is to see what people are doing and not just sit don look

[JuanPaulo]

Emotions are not the best friend in any investments and people who make such decisions under panic pressure usually lose more than others

Only fools make financial decisions under the influence of emotions. Want to make money - do everything with a cool head. Want to lose everything - go in the wake of emotions.

[Crypt0BHunter]

True but one of mistake or inappropriate management of investment fund is when all the fund ended till the bear market reach the bottom and you have no other funds to average your buy price

[GatotKaca]

One of the peculiar attributes of most crypto enthusiasts is selling out of panic. Whenever this happens, it is accompanied by some flaws and setbacks. Reasons why you should avoid selling out of panic are:

1. Dump in price - Sometimes, it does not affect the price of the coin you are dumping alone, it can also affect the general market prices coins, most especially when there is massive dump of prominent coins such as, bitcoin, ethereum and so on.

2. Loss of Investment - you are likely going to loose your investment, because most times, when you panic sell, you sell at lower prices than required. Your profit might be affected, so also your invested capital.

3. Attack on blockchain technology - it might call on attacks on blockchain technology from different quarters. You begin to see people spread more negative news about blockchain and cryptocurrency. For instance, people may begin to talk of crash, scam and so on.

4. Emotional Imbalance: panic alongside the accompanying losses might lead to emotional imbalance in some investors and afterwards the resulting effect on health, such as hypertension and other health implications.

Some people attribute FUDs and perhaps regulations to most of these flaws, which are not. Even though there are FUDs being spread, if we do not panic, the crypto space will be a safe haven for investment.
How many proposed regulations these days have really been implemented? So, why are we bothering ourselves? Some countries such as China, that even succeeded in some of their regulations, does not seem to avoid the crypto world in entirety.

Those who cause panic mainly know that most people cannot control it. Which is why those who take advantage of it, use it as a weapon in the crypto space for their gains.

Note:
I am not telling you not to sell whenever you notice there is going to be bearish market, but take your time to relax and think about it, make your calculations and if you are sure there will be bearish market, sell and buy back when you are also sure it is low enough.

Many people experience failure in their investment because when they see the market fall and fall back they will start to be confused and panicked, afraid that they will get a bigger loss so they choose to sell it. But, I think before making a better decision to observe the market for some time and analyze whether holding it will benefit later or it's better to sell it.

[Kseniya17]

I think that newcomers mostly panic, because they do not have enough money to hold coins for a long time, so if a coin goes to the stock exchange, many will immediately change it to Fiat.

[VPScreator]

I think the best thing to do now is just to wait for the moment when the market starts to grow again. Selling now is not the best solution and I think it is better to buy now.

[Anna Borisovna]

panic is bad, cryptocurrency almost always needs a “cold head”
but if I succumbed to the wave of my panic this spring and sold everything, for example, in True Usd, my portfolio would now be more than 4 times)

[fbastage]

I've seen some mathematical calculations here recently where you lose more if you don't sell when you fall. Look, it's quite an interesting article.