Do not panic sell when there is dump

[tomisinade]

I know its a true fact that no one should panic sell but bitcoin has been on a fall for days now…. I now we have been enjoying the historical rise in the past few months but for me actually i was actually expecting it to happening sooner… i just didn’t believe jeff would be the cause for this much dip in the crypto world… I thought individuals couldn’t or shouldn’t dictate crypto currency prices…. I just wonder what’s going to happen next

[1714702714]

1714702714

[1714702714]

1714702714

[1714702714]

1714702714

[nakamura12]

No you're not, OP.
Actually it is common bad habit actually whenever their "hyped" coins or like whale dumps, they will do a panic sell along with everyone, but then whales would just hunt their sold coins turning it into their favor for future purposes.

Small time hodlers can't stand a chance from whales if they wanted to dump the price and increase it later on to earn profit because those who have a weaker hand or mind will get along with the whale selling their own crypto too and later on regretting not holding their own crypto.

[odukoyaewatomi27]

It is easy to say these things than practice them. It is not everybody that has the emotion ability to see there investment going down in value then do nothing about it, most people would want to cut their losses. That's why I tell people to always take profit and move on before the market turn on them.

[Princeofpoetry]

it is common for pump and dump to happen all the time. only people with strong mentality and emotions will win when that storm occurs. usually those who often panic are newcomers who do not have experience and knowledge of the world of cypto.

[nrvasquez]

It is easy to say these things than practice them. It is not everybody that has the emotion ability to see there investment going down in value then do nothing about it, most people would want to cut their losses. That's why I tell people to always take profit and move on before the market turn on them.

Very true. the purpose of investing is to get profit, sometimes people will wait and serve their greed, and of course that is very bad, especially in investing in crypto with very high fluctuations. selling is not a wrong thing to get a profit, so prioritize profit first

[Princejebs]

Sorry but this advice don't necessarily work on some situations, this is one of the reason stop loss was created on good exchanges to minimise lost.
Learn to minimise otherwise your hands will burn and when they do, you will find it difficult to amend.
Its better to have a stop loss and enter back into the market and gain some profit than live everything and watch the market die down kn red candle.
Stay safe.

[Boomber]

yes I agree, we shouldn't panic sell, because panic sell only makes us lose, therefore I always recommend investing with money that is set aside for investment and investing in altcoin that do have a good product, so that if the price dump then we don't need to sell it, because we do use the money that is set aside for investment (not the main money) and of course by investing in altcoin that have a good product, then we don't need to be afraid, because the price will definitely increase again and of course give you a profit.

[BaeSuzy]

I don't panic at all even though the price drop more than 10% in overnight because it just pure correction. The reason why i don't panic because i know what project i invested in, so i don't need to be worry when the price drop drastically in overnight.

[bluebit25]

Obviously this is not easy for newcomers to this market, when they will by default make a profit from it and don't care what it is. I firmly believe that if it's just an investment, you won't be patient with this market correction, it's too volatile and if everyone is ready to get x2 x3 x4 profits, be prepared to lose all money out

[Ghondronk]

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.

[Princeofpoetry]

I don't panic at all even though the price drop more than 10% in overnight because it just pure correction. The reason why i don't panic because i know what project i invested in, so i don't need to be worry when the price drop drastically in overnight.

this is an important point. If you are investing in a good project, there is no need to panic, unless you are investing in a new project that is still doubtful, it can usually cause panic when prices drop.

[CaVO32]

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.

[nurilham]

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.  
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.

[sukmo]

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.

[rahmathidayat93]

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.

[iTradeChips]

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.

[Pamadar]

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.  
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.

[nebuch]

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.

[sumant]

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.

[Dr.Osh]

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.