Theones
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September 18, 2021, 06:44:36 PM |
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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.
That's why there is no single investment strategy that can be adopted universally for profits, everyone has its own. Mostly people sell when market crashes, latest such instances is BTC crash from 50k to 32k after musk tweeted against BTC. One of Warren Buffett's most famous investment sayings is "Be fearful when others are greedy. Be greedy when others are fearful." Whales follow this strategy thats why they are called whales.
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Slon55koz
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www.fintropy.io
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September 18, 2021, 07:38:24 PM |
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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. When a person is in a panic mood, he can make those decisions that will lead to a loss of profit. Many newcomers to the cryptocurrency market are very panicked and this does not allow them to control the situation with the coin they have chosen for investment. You should never panic, it is much better to think everything through very carefully and only then make the right decision.
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SlimShadyMmp
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COMBO 2.0
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September 18, 2021, 09:42:25 PM |
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True Most of the time when you dump it does get right back so maybe just stick with fundamentals and see how that goes because anything can happen with a coin that have some serious development and developers backing So basically fundamentals really works out well for coin Also make sure you are following what coin you are interested
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carlisle1
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September 19, 2021, 02:59:59 AM |
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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.
There are traders who are good at rinsing this way. They managed to cut their losses and wait for another good opportunity to buy back. It's riskier though since it's tough to determine whether the dip already done or there are more incomings that will only cause you more losses. You need to work harder if you plan to use this strategy. Good nerve and experienced with the kind of market actions will help you to survive. Panic is a common reaction but you can control with the right sets of knowledge within the venue of business that you are working.
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OrangeII
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September 19, 2021, 03:09:44 AM |
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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.
for people who have seen dump prices many times, most likely won't panic, and know what they need to do. however, for beginners, it seems quite difficult for them to "not think about" the correction that occurred, especially if it is their first investment, or they are going all-in. it would be great if they could indeed keep their cool when prices were down, but there was very little that could be done. when the price dumps, there are some moments that make them think like "if they don't sell now, the price can get even lower" and that makes them compelled to sell their assets. If someone can control themselves, and not panic when prices are moderate, I think they will make the right decisions for their long-term investment, such as increasing the amount of assets because prices are discounting, and trying to take advantage of the situation. if they can't control it, I think they will sell the asset without waiting.
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Gayong88
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September 19, 2021, 03:31:42 AM |
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It is very vulnerable to happen in general, especially when the correction and bitcoin go down, strange news appears, if you read it will be affected by the cutloss. Calm and relaxed whose name is the ups and downs market is normal, don't panic cutloss because it is affected by money. it is recommended to always use money management, don't go all-in in 1 coin/token, if crypto is slammed -50% can panic stress and can't be dragged down and that means if you already know the crypto fundamentals, focus on the long term and HODL becomes easy after crypto becomes yours is the default worldview.
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hidingyou
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September 19, 2021, 03:51:56 AM |
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You are not overreacting,all traders feel the same way. It's true we should not get FUD when there is a dump. This is only a strategy in which they will hire FUDers to do panic fake news spreading to deceive us into selling and in which they will buy it immediately to raise the prices.
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magnum1010
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September 19, 2021, 04:55:03 AM |
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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 absolutely agree with you. We shouldn't panic but follow our strategy and try to cope with our emotions.When there is a dump we don’t have to worry about mainstream currencies, but anyway it is better to sell off shit coins if you are not sure if they are likely to survive the dip. Of course whales are in a better position, as we sometimes really need our money and if this need arises during a bear market, we will sell for low prices.
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Lantind
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September 19, 2021, 05:43:13 AM |
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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.
Panic is actually not a problem, because it can still be completely eliminated when a person experiences it suddenly, because panic appears by itself when every condition starts to change for the worse in the market and the person is still in the investment stage.
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martina14
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September 19, 2021, 10:15:11 AM |
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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 own view about this thing mate, perhaps, we cannot put out this thing into their mind every time there dumping happening in the market. Though, we shouldn't be panic at all that's true anyway. The reason of being panic is that their knowledge is that deep or mature enough so they are not yet fully in control in terms of their emotional feelings.
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Kusman
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September 19, 2021, 10:20:16 AM |
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I totally agree with the idea. Especially new people in this market are doing this a lot. There is no reason to panic when you witness a big dump. You should be already knowing that these things are totally normal in a volatile market like this. You should have a plan B for these cases. And if you invested into top cryptocurrencies, then you shouldn't worry at all in my opinion. Because sooner or later, the price will start recovering.
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carrigan
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September 19, 2021, 11:10:07 AM |
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I agree with you. Don't make a rash decision to sell coins when you dump because you're panicking. This may be difficult so you have to practice to control your emotions well. If a dump occurs and you already buy coins at a high price, choosing to hold is much better. later you will actually get a profit when the market is stable and pumps back.In addition, you also have to see and learn the mistakes you have made as a benchmark.
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tabas
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September 19, 2021, 11:35:45 AM |
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I totally agree with the idea. Especially new people in this market are doing this a lot. There is no reason to panic when you witness a big dump. You should be already knowing that these things are totally normal in a volatile market like this. You should have a plan B for these cases. And if you invested into top cryptocurrencies, then you shouldn't worry at all in my opinion. Because sooner or later, the price will start recovering.
You can't just say that to those that are in big loss. They're most likely new to the market and when they see big dumps, they're in panic because it's really a psychological game for many of us. When I was still new, it's really hard to bear with it because when you see those dumps, there's no other thing that you can't think of but about the losing of money and being negative.
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nemey
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Catena X
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September 19, 2021, 12:54:29 PM |
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When I first entered the crypto world, I always panicked when prices fell but this is normal. When crypto prices go down, it's best not to panic and don't check the value of the investment constantly. One of the things he does during market turmoil is avoid checking his own investments. Because this can trigger the emergence of momentary emotions that lead to making wrong decisions. Always remember that volatility will always be there, especially considering that crypto currencies are indeed high risk. As long as the decline doesn't hinder other financial goals and the portion is no more than 5% of the overall portfolio, you can sit back and wait for the price to rebound.
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raidarksword
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September 19, 2021, 12:59:26 PM |
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You won't be rich, if you sell that's the motto CZ keep telling everyone and panic sellers are always be losers in the end though. Panic selling will always be disaster to all newbie in this industry and always be a victim when market is down because they lack focus and commitment on something of to hold on to it. This will be a lesson to all that new in this industry that having a strong hands will always be declared a winner.
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riso2015
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Trphy.io
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September 19, 2021, 01:11:36 PM |
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This sometimes has to be done if we invest with coins whose fundamentals are less qualified or just hype. When it goes up, we have to sell it immediately. Otherwise, the price will become dregs. Unlike coins with good fundamentals and high volume , this can be maintained .
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bison
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SmartFi - EARN, LEND & TRADE
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September 19, 2021, 01:24:56 PM |
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This sometimes has to be done if we invest with coins whose fundamentals are less qualified or just hype. When it goes up, we have to sell it immediately. Otherwise, the price will become dregs. Unlike coins with good fundamentals and high volume , this can be maintained .
Coins with high fundamentals will be able to regain the initial price when we start buying a coin after the dump, and that has happened to some big coins in the crypto market, the problem is for beginners to consider the coin that is being talked about as a coin. which is good because of their lack of knowledge, if they do research it will also be difficult considering their mental state is still unstable in facing a very volatile crypto market, maybe the best and easiest advice we can give is to buy coins with a top 10 rating, because logically a coin which does not have strong fundamentals and does not have good potential to grow in the future is unlikely to achieve this rating.
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Vishnu.Reang
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September 19, 2021, 01:35:44 PM |
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I would love to support the OP, but unfortunately different strategies need to be devised for different coins. There may be occasions where it is better to get rid of the coins when the prices are going down. An example is where it is known that a project is a scam and the developers have vanished without a trace. What is the point in holding such a token? Such projects have virtually zero chances of making a comeback. During my early days in the cryptocurrency sector, I made the mistake of investing in a few such projects.
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nur rochid
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September 19, 2021, 01:50:55 PM |
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I would love to support the OP, but unfortunately different strategies need to be devised for different coins. There may be occasions where it is better to get rid of the coins when the prices are going down. An example is where it is known that a project is a scam and the developers have vanished without a trace. What is the point in holding such a token? Such projects have virtually zero chances of making a comeback. During my early days in the cryptocurrency sector, I made the mistake of investing in a few such projects.
For me, for tokens that are experiencing a pump, I will immediately exit the market, because I fear that after that a dump will occur and it will eventually be difficult to get back up again. many examples of such tokens, different for top coins like bitcoin, I guess by always holding it is not a problem. Therefore, for new tokens, it is better to take advantage and set aside some if we are still sure the price will continue to rise
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uneps
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September 20, 2021, 12:03:13 AM |
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You dont have to worry. Of course there is a wise way to deal with stock conditions that have fallen drastically.
It is very common for the stock market to go down when negative sentiment circulates. The condition that often occurs is panic selling. Even if the stocks drop below their usual price, be careful in sliding. Do not buy when the stock price is falling, you should be patient to wait until the panic is over and the stock price is stable. Panic in the market will always have an end. When the market starts to reverse from red to green, you can start to look at interesting stocks to collect at discounted prices.
Another way you can do this is to keep the shares you already own. Especially if you already have large market cap stocks with good fundamentals.
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