Do not panic sell when there is dump

[Ekyfitri]

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.

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[Xinarae*]

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.

[iTradeChips]

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.

[leea-1334]

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.

[Mauser]

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.

[larus]

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

[Benefactor]

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.

[Viscore]

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.

[fileo]

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.

[Atang Sulaeman]

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.

[Anonylz]

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.

[Review Master]

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

Some would think that it's the end of bull run as they're on panic mode because of Elon's tweet which is ridiculous. Also, real hodlers would say, we're in dip to buy more as bitcoin would rebound along with altcoins because bullish divergance is created on RSI indicator. Meanwhile, potential alts will pump because of the trend of IDO and AMM/DEX. So, risk takers with well researching will win in this condition and make sure to take the right decision. 

[chanler]

it's true that when the prices are down we shouldn't panic, there are been many cases of people experiencing losses because they do panic sell when the market price is down. therefore it's important for us to learn to analyze the crypto market so that when the market is down we don't panic. the important point is don't panic and don't rush into making a decision in order to avoid losses.

[iTradeChips]

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.

No, no, panic is not good. It give you a sudden urge to decide to do things and most of the time the decisions are somewhat not thought of and also fatal. Make a mistake and you will not be able to recover from it or if you can recover it may take a long time. You have to be patient, and you have to have the mental capability not to feel disheartened and worry a lot when these kinds of things happen to your account and you are losing your coins big time. For me crypto is high risk, and anything can happen. You just have to prepare for it.

[monineklutak]

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.

It is a natural thing for beginners and of course they need a lot of experience to be able to overcome that panic.
I'm sure if later beginners will understand and it's only a matter of time,
the most important thing is to keep learning

[fortune1002]

Your view is right for those coins which have great fundamentals and can pump after dump.
But if you are trading hype coins then panic sell is right. Because there is no guarantee that the coin will pump again. So I think we should sell our coins when we see dump after big pump.

[Argoo]

Sometimes you should sell.If you have seen it in last few months for example ETH it jumps and dumps and then jumps again
Many times i could have bought the dip and earned more.But i was scared of not dumping on highs.I earned overall profit.But selling and buying could have earned me a lot more

Yes, the whole problem is that the cryptocurrency market is very unpredictable and it is quite difficult to determine when to sell and when to buy a top cryptocurrency in order to make a profit, given that it should also grow in price in the long and even medium term. For example, ethereum should grow well in price in the next six months or a year even with the usual retention. This coin recently rose in price above $ 4500, and now its price has dropped to $ 3300. If you sell at the peak and buy at the current price, there would be a good profit. However, we hoped for further growth and therefore did not sell, although the profit from the hold was secured. Not everything is so simple in this market.

[terrorJR]

the reality that happens will be very difficult to do when seeing things like this. We certainly have to know first when the coin is pumped? Is the fundamentals good or not? and how will it be in the future. because not all the coins that are pumped have good fundamentals, some of which end up being shitcoin.
before we start to hold and not sell we must first be skillful in choosing coins because this could be a blunder for us.
but if the coins will be good in the future why don't we try to be patient and enjoy a little because hodlers are real winners

[ene1980]

for those who are trading for the first time or buying crypto assets it is natural, not everyone will understand and are not familiar with these conditions unless they study or have friends who know market conditions and they will say to be patient and not sell them.
but if you are alone it will be hard believe me.

Have you heard about the charts, literally you can get the monthly charts for the past several years from the day the Bitcoin market started and anyone who is entering the market should go and look at those charts and you can clearly see how the market would behave and how big the market will fluctuate in a short period of time. So you do not need any prior experience when you are in the market, just spend some time looking at how the market will perform.

[Jaered]

I believe it is better said than done. Some markets dump real hard, so much one has to sell to recoup any form of profit. So its not a blanket rule