Do not panic sell when there is dump

[Bollexz1]

You're not overthinking as this is what is happening especially to the novice who just got introduced into the system. I just hope this little piece of advice from you would help them in setting in.

[1714672277]

1714672277

[speedforce]

Reinvest is a good decision, but make sure you only do it with the cold funds, because ifs not, it will just add more panic when the price keep going down.

That investment should always use free money or money that we don't spend elsewhere, because it can be a little relaxing for any trader to go through when market conditions change suddenly, but don't panic to sell it right away.

Ideally it should be use that kind of money, but many of people who seeing only profit over the investment activity somehow use fund that not appropriate to use for investment, like daily needs or even tuition fee, thats must bring poeple very stressful when the dumps come.

[iTradeChips]

This is a blanket advice for noobs! You need to tell them to buy bitcoin and learn how blockchain technology works and how it relate to bitcoin and Cryptocurrency in general. Investors can they hold from the position of knowledge. Hodl is such an important activities in Cryptocurrency.  It help the Cryptocurrency and reward hodler!

This I think is what the new players should always have as an advise in crypto. We always have to be sure that our emotions will not be ahead of us and we will be able to control our emotions when a dip happens. It is tempting to just put it back to fiat when a dip happens but no. Be able to control it and be able to make it work to your advantage. As many have implied here, being patient actually helps.

[Lantind]

Panic can attack anyone, especially in certain situations and to be honest, not everyone can easily control it,
Panic for me is normal, it's just a matter of how we deal with it or at least we can control it

I personally can only be patient when market conditions change for the worse or change as I do not want, although sometimes panic can haunt me suddenly, but I am always more patient in dealing with it and ignore every word from other people.

[Matteorsini]

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.

Considering the current situation, we can say we are on the right side. Yes, we are still in a bear market. Everything is glowing red everywhere I set my eyes on. But I'm glad I didn't lose my temper and I didn't panic sell. I simply hodled and amassed a fair amount of my fave altcoins for my portfolio. My current holdings include ETH, ADA, LTC, BNB, XRP, and this hidden gem XSN. I strongly believe these coins will generate massive profits on the next bull run.

[Matteorsini]

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.

Considering the current situation, we can say we are on the right side. Yes, we are still in a bear market. Everything is glowing red everywhere I set my eyes on. But I'm glad I didn't lose my temper and I didn't panic sell. I simply hodled and amassed a fair amount of my fave altcoins for my portfolio. My current holdings include ETH, ADA, LTC, BNB, XRP, and this hidden gem XSN. I strongly believe these coins will generate massive profits on the next bull run.

[Twinscoin2017]

Well we cannot really say that we don't have fear specially when we are newbie and there are still a lot of strategy that we need to know, that is why we need to ask the expert to get some idea of what we are going to do with some unexpected situation, panic selling is the number one problem of some newbie but you guys can study the market, with proper knowledge you can take advantage of any situation the market gives, because not everytime the suggestion or prediction of an expert is right. So self study is always needed to avoid losing on panic selling.

[MarjorieZimmermanGinger]

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.

It is necessary to think about situations like this, so as not to panic when the coins start to be pumped hard, initially all coins will be pumped but at a certain time it will stabilize by itself, if we don't have a view of this incident, panic will spread, so the coins we buy will be released quickly. the price is cheap, so there is no benefit from buying the coin, therefore it is necessary to study every decision we take, so as not to experience losses in the future.

[rika0223]

In the world of crypto and investing it is very important when investing or trading we must have a special strategy and stand firm, sufficient knowledge and experience in keeping the market cheap and releasing at the right time, and what often happens to beginners when coins fall in price, they panic and sell all of this even though it was just a temporary habit for the sake of the crypto market being lively, and when it started to rise again beyond what he expected so he was tempted to buy it again, then we need to remind again for beginners to be good at reading market conditions so as not to panic in controlling the coins that have it in order to survive the panicked coin-holding whale

[mumang siat]

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 is a bad move in investing, usually panic will make people wrong in making decisions, the habit of the coin will keep pumping at a certain time, but not forever the coin will be in that position, I don't think there is need to panic in this situation, need to prepare steps steps if this happens, so that at some point we don't panic and have a way to get out of the problem.

[LyJones]

We always make a lot of sense when we advise others. When you arrive, you will forget all your experiences. When we find that the price is falling, we may choose to wait and see. But when the price continues to drop, we will panic and sell our coins. One of the reasons we sell coins is because we don't trust this coin.

[Pamadar]

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.

It is necessary to think about situations like this, so as not to panic when the coins start to be pumped hard, initially all coins will be pumped but at a certain time it will stabilize by itself, if we don't have a view of this incident, panic will spread, so the coins we buy will be released quickly. the price is cheap, so there is no benefit from buying the coin, therefore it is necessary to study every decision we take, so as not to experience losses in the future.

Whales are very hard to work with, they are killjoy and they are selfish. It's tough to play catch and ride as they can easily manipulate the directions. If you panic under some circumstances, then you will lose your chance. The best practice is to keep your eyes open and make sure that your guard is always up.

Set your target according to your understanding, both buy and sell position needs to come from your research. Failure to do the process will lead you to lose your money when artificial dumped takes place and the selling pressures are stronger than the buy support from the market.

[Pom_bensin]

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.

for a beginner I see the dump as a big loss, and scary. but for a professional dump can be interpreted as an impressive moment because it can add to the collection at a low price and wait until the price is high. this must be educated to beginners so they are not afraid of dumps

[goldkingcoiner]

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 think a lot of people want to try all sorts and kinds of strange ways to predict the future market direction, but thats just wishful thinking. Daytrading is fun but when you are in a dump, you do not sell for less than you bought it for. I would think it's smarter to leave it as a long term investment. From a mathematical standpoint, your wallets keep shrinking in the daytrading game...

...In any case, don't put all your eggs in one basket and moving the eggs back and forth will end you up with several cracked eggs.

[iTradeChips]

For one you are not overthinking it. It is really true that many of the old timers here, have been giving out small tips to newbies when it comes to investing in crypto, and one of these tips is really not to use your emotion when making a decision that would make you earn more or lose more of your money. Do not panic when there is a correction, it is normal for corrections to happen and it is normal for prices to go down after it went exceedingly up. You will be able to make better decisions if you are calm.

[Raflesia]

For one you are not overthinking it. It is really true that many of the old timers here, have been giving out small tips to newbies when it comes to investing in crypto, and one of these tips is really not to use your emotion when making a decision that would make you earn more or lose more of your money. Do not panic when there is a correction, it is normal for corrections to happen and it is normal for prices to go down after it went exceedingly up. You will be able to make better decisions if you are calm.

Sometimes saying that to a beginner does not match the expected expectations, but this will be a panic for beginners if a dump occurs.
The most important thing is that beginners must be trained with habits like this because it will be a valuable experience later, I also used to experience the same thing and panicked too much when a dump occurred but over time I have understood how to control my emotions and anxiety, so now it's a bit calm down and a correction or some other kind of decline will remain safe for the long term.

[matchi2011]

For one you are not overthinking it. It is really true that many of the old timers here, have been giving out small tips to newbies when it comes to investing in crypto, and one of these tips is really not to use your emotion when making a decision that would make you earn more or lose more of your money. Do not panic when there is a correction, it is normal for corrections to happen and it is normal for prices to go down after it went exceedingly up. You will be able to make better decisions if you are calm.

Sometimes saying that to a beginner does not match the expected expectations, but this will be a panic for beginners if a dump occurs.
The most important thing is that beginners must be trained with habits like this because it will be a valuable experience later, I also used to experience the same thing and panicked too much when a dump occurred but over time I have understood how to control my emotions and anxiety, so now it's a bit calm down and a correction or some other kind of decline will remain safe for the long term.

It's no fit cause even you'll informed them about this matter they will simply react from how the market moves.
Most of the time, beginners are afraid they are not ready to risk their money, with huge fall, they will simply go with the flow and
Accept that they lose. Not a good practice, but if they'll take this mistake as a good learning ground, on their next attempt.
it will be more stable and not the same as the previous outcome.

[cafee_orange]

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.

This situation will all be felt by beginners, even I myself also felt as you said when I just joined this community.
  but what I can say now to avoid panic is not to open the market too often when the market conditions dump. doing analysis and research before taking any further action is a smart choice made by many experienced investors.

[ZaraCB]

for a beginner I see the dump as a big loss, and scary. but for a professional dump can be interpreted as an impressive moment because it can add to the collection at a low price and wait until the price is high. this must be educated to beginners so they are not afraid of dumps

You mentioned a very good point.  But even after so much caution, some people will panic sell their assets. Because fear, emotion are very difficult to control. But most of the time those who can control are the gainers. There is a lot to learn from the discussion of this topic for new traders. I hope they will learn these well.

[Woodie]

In gambling they say winners know when to stop and In the world of trading they say use a stop loss to cut your losses same thing can be applied to a crashing market, you can choose to sell and when it hits its low that should be a good time to buy the dump and make money and recover your losses and also make a profit while the market recovers to get back were it was before.

Btw am not against the idea of holding in a crashing market but if your beliefs aren't aligned in strongly believing in crypto its okay to sell, just my 2cents.