Do not panic sell when there is dump

[khiholangkang]

I have bought the BCN in 2 years ago, when the price is dumping, I hold it, and I want to tell you this is the stupid decision if I know the price almost zero today, why not dump it before?

Of course, because what you hold is a shit token. You need to do some research before determining whether your token is worth to hold.

[1714691499]

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[1714691499]

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[billy.ryoko]

I have bought the BCN in 2 years ago, when the price is dumping, I hold it, and I want to tell you this is the stupid decision if I know the price almost zero today, why not dump it before?

Of course, because what you hold is a shit token. You need to do some research before determining whether your token is worth to hold.

Yes, this is a good lesson for me, I remember this shit coin listing in the Binance and have a huge trading volume every day, who knows it will be delisted within 1 month? This is the good reason why the people want to panic dump when the price drop.

[matchi2011]

You can't blame those newbies who are afraid to lose some profit with the dump. I admire your advice but sometimes it is quite unsure if the price would ever go up again or would it dip even lower.

Yes, I am agreed with you, but not only the newbies, who know the dumping when will be stopped, you only can make the choice, cut loss or hold it for the price rise again, I have bought the BCN in 2 years ago, when the price is dumping, I hold it, and I want to tell you this is the stupid decision if I know the price almost zero today, why not dump it before?

Awts! this really and awful decision but who knows what will happened after right? time to move on and find other project
to invest your money.

You can't do anything now as the chance of those developers behind is no longer intereted to continue this project, a very
chance that they already run the funds.

[Ten98]

Lessons bitterly learnt in the past. Not gonna be making this same mistake again. I'd rather device dip as the best time to buy coins

A bitter lesson will always be valuable for each person personally to determine the next steps so that they will not repeat the same mistakes again in the present, so that time will always be valuable if the utilization can be very clear.

[Bay_Harbour_Butcher]

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.

panic sell always happens and is common in the investment world, especially in the crypto world, so it's only natural that beginners who are new to the world of crypto experience panic sell, in my experience, I also experience the same thing, but what distinguishes me from the past and my present is a matter of experience. make your panic sell experience an important lesson so you don't repeat the same mistakes

[Gayong88]

A classic story that is always experienced by all traders, especially for beginners. I've felt it too. one conclusion that I get always keeps the estimate and doesn't panic too quickly. it means that fluctuations in the price of a token/coin are normal.

[ardentvolcanoes]

A classic story that is always experienced by all traders, especially for beginners. I've felt it too. one conclusion that I get always keeps the estimate and doesn't panic too quickly. it means that fluctuations in the price of a token/coin are normal.

Inside this market where volatility is really huge, you need to carefully assess every move that you'll going to take. It will lead you to lessen the
chance of losing your money, panicking when the market is falling most of the time ends up regretting your actions.
The chance of recovering back is very high, instead of rushing things out add some patience and wait for some time, observe and decide when
you really see where the market is proceeding.

[Bonenx14]

A classic story that is always experienced by all traders, especially for beginners. I've felt it too. one conclusion that I get always keeps the estimate and doesn't panic too quickly. it means that fluctuations in the price of a token/coin are normal.

Inside this market where volatility is really huge, you need to carefully assess every move that you'll going to take. It will lead you to lessen the
chance of losing your money, panicking when the market is falling most of the time ends up regretting your actions.
The chance of recovering back is very high, instead of rushing things out add some patience and wait for some time, observe and decide when
you really see where the market is proceeding.

I believe when market dump then the recovery will abck again, the dump occurs to find support and this is real. In the experience that has been gained, it seems that in the bullrun there is no need to panic, it would be better if you still have capital and buy back. but for traders it would be better to cutlose if needed, but for investors I think the price movement is still early

[acener]

It is easy to say than done we couldn't avoid selling when there is a huge dump.
We would tend to cutloss than to continue watching our folio drop lower than it is at the moment of the dump.
That is why cutloss is there to lessen the loss that we could experience.
For me it is better to cutloss and buy back when the market starts to recover than just holding your crypto it could give you more profit or save you to loss more than you would.

[rajakulam]

In Crypto investing, experience is the top priority, because with experience we are smarter in taking action when it's time to buy or when it's time to sell our crypto assets, because I personally often panic when I first invest especially when my coins suddenly dump.

[ancafe]

at this time, the price reduction happened so fast. Maybe by this time a fair number of people are panicking and selling the assets they have been holding. for now, I still hold onto my assets. I believe the price can return to normal. after all, the end of the month is always marked by a decrease or increase in prices. the decline in prices that occurred was probably caused by a lot of panic people.

[Lizzylove1]

Sometimes, it's equally good to panic sell, as the crash may just be a continuous one, it's good we first know what is causing the quick dump, if it's an integrity issue or a major technical bridge, one needs to sell off and wait for the waves to be calm. If the projects are established ones already solving complex problem, one can just hold.

[DeathAngel]

The entire cryptomarket is a bloodbath at the moment, no need to worry. Bitcoin is still in the middle of a bull market, corrections like this are normal. When bitcoin begins to recover alts will follow.

Do not panic sell.

[cryptobull27]

this looks good time to buy more and more. this DIP really looks juicy to me.. yumm very very juicy

[Anonylz]

Unfortunately, panic sellers already doing what they know how to do best, panic seller for cheap price and buy back later at high price when the market recovers, this is usually the case with most people, they can't bare to see the market dip a bit before they panic and sell off their assets, experience should be the best teacher but some people are still not use to dip i guess 

[Questat]

Unfortunately, panic sellers already doing what they know how to do best, panic seller for cheap price and buy back later at high price when the market recovers, this is usually the case with most people, they can't bare to see the market dip a bit before they panic and sell off their assets, experience should be the best teacher but some people are still not use to dip i guess 

That's right, that's why they'll never succeed in the long run as they easily panic, both panic selling and panic buying which they are taken advantage by the smart traders. Just like what happen now, bitcoin dumped below $50k and altcoins experienced worst, and it will not happen if people did not panic.

[slaman29]

Unfortunately, panic sellers already doing what they know how to do best, panic seller for cheap price and buy back later at high price when the market recovers, this is usually the case with most people, they can't bare to see the market dip a bit before they panic and sell off their assets, experience should be the best teacher but some people are still not use to dip i guess 

You say unfortunately I say fortunately. If sellers don't panic and nobody budges than we never get Bitcoin at dips and there are less and less new owners (since new owners may be unwilling to buy without seeing 20/30% dips happen in a few days.

The more these socalled sellers let go now and let go early, the better we have people getting in long term willing to keep buying it up.

[max6575]

with use of supports of confirmation as trader works on tasks with evaluation, the decision on trade have with strength on convergence as might trader gains with returns of consideration, on appealing use with study on different aspects of related customs on collateral position.

[stvhnks]

I think it is normal for newcomers in cryptocurrency to experience panic selling whenever there is a dump. But there is a difference if you're going to sell the asset emotionally or rationally.

[awakpane]

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.

In my view, this could be good depending on the conditions and the coin which has strong fundamentals. Sometimes other people throw coins for a million logical reasons and have analyzed them. therefore keep gathering good information and researching the coins so you can make the right decisions