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......
Well here we are again, in dumping season in which the market is Redding again and i really hate seeing this kind of momentum . since this is what manipulators wanted to happen , to shaken the market and react those Weak hands and panicking and then "Welcome Money Bag" .
While i keep my funds inside my wallet yet i have no spare amount to re invest while the market is in this discounted position.
The decision to sell during a price dump isn't as simple as a panic and sell. A lot is dependent what price you bought your coins at, when price it is before the dump started and also what price it is at presently.
but why Panic and sell when you make it Panic and Buy? instead of joining the panicking why not help the market stays in position by not contributing to the domino effect?
If you are able to get it at a great lower price, then there is nothing wrong with selling part of your cryptocurrency holdings if you fear that a dump is about to happen or is happening, it is wrong however to hold unto coins you bug at a ridiculously high price due to FOMO because you want to recoup tge prices that you paid for such coins
That is a far different idea, because if you are a HOLDER then you will not be concern if how much is the price now or tomorrow but what is the price in your scheduled selling .