Do not panic sell when there is dump

[Farma]

I agreed with you, but it is not easy to keep a claim when saw the price drop, they just want to earn their profit, are not want to invest for the long term profit, including me, if they can hold the DOGE in the lower price, now all is the millionaire. 

it will be easy to hold assets when you don't have many assets in your wallet. however, it is different if you have many assets. Well, I think some people have freaked out at this point of seeing bitcoin prices below $ 60k and created some altcoin price dumps. however, the experience will keep you afloat when a dump occurs. the most important key, in this case, is calm.

doge is a good parable. however, I didn't even realize the potential could be as big as it is now.

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[crwth]

If you believe in the asset, then you should just HODL and be happy with it. Imagine staying strong the past few years with the previous long-time ATH by BTC, and you would still be so much profitable today. It's a matter of shaking those who have weak hands and those who believe that BTC is the future of financing or substitute to Gold.

It's a great opportunity now to buy more when it's at a discount. Imagine it's a "SALE" like what you see in supermarkets and malls. It's just like that.

[bittick]

No, it is actually true and there the saying “Be fearful when others are greedy" and that's also exactly how those long term holders that buying in the dip could make such tremendous profit but unfortunately each human psychology works kinda differently that the obvious clue of how to make profit in the market is disregarded and instead many peolpe buy high sell low. But, you also need to remember what's the real reason of the dump? if the dump caused by something that could potentially make the project fall then it's better to cut loss but if it's because usual panic selling or baseless fud then it's better to start buying instead but that's just my own preference of strategy.
It's the emotion that most of the time becomes the culprit in traders making very poor decision.

[lxiaoh]

What you say are totally right, i think most of us understand this theory, but say easy, do hard. Especially when you see that big red needle down down down..., fear arises, and we were made wrong decision at this time.

[FrozenBit]

My fault of fear is almost nonexistent when I have lost everything and have nothing left to lose then we have nothing to fear anymore
Maybe we will see many people will no longer become scared once the market plummets.

[revilo]

We may all be put to the test very soon in regards to the title of this topic. If a massive correction occurs, some may get wrecked. Buying Bitcoin at $60,000 is not that easy to be honest.

Maybe just a minor correction happens and the train continues to go forward.

[Koro-Sensei]

True. But we can't force anyone to start panicking whenever red candles are showing. It is inevitable specially to those with little experience in crypto to panic sell just to avoid short loss.

[Altcoinsintel]

Panic selling means you will be selling the bottom. Also buying when it starts to drop is difficult, and dollar cost average may be a solution, but not always as one day the trend ill turn to become bearish again.
For what matters, panic is the worst advisor. And usually when we buy it will start going down again as we missed the bottom.
Trading is a game where a few only win. With the limited knowledge of trading most of us have we fall victims to our feelings and mindset that lead us to losses.

[harapan]

I wish noobs will understand the theory of the market and not panic dump each time there's a massive correction in prices of coins, cause  it's just a correction nothing more the price will still pump back up, dips are the best time to even buy more cryptocurrencies and accumulate them cause that's what whale do, they buy the dips and hold until it pumps again, selling during a dump isnt a wise choice honestly.

[poldanmig]

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.

Altcoins, if we get them for free from airdrop, if you want to sell them, in my opinion, is the right thing. immediately if we are able to sell and profitable, it is better to sell. especially with bullish market conditions. if the market changes its trend and drops significantly there will be a lot of waste in altcoins. periodic dumps will render many altcoins worthless. However, if you are trading, of course you must have a target and also good financial management to avoid greater losses

[ILuckyGuyI]

I agree with this so much. There was a huge dump in the last 24 hours. I wonder whether panic sellers will do their thing again and cause the price to drop down to lower levels. But I guess they won't be able to be as affective as companies. If companies start selling their investment then things could be much worse for the price.

[Bravehash]

It's easier said than done OP, I have my own limit on how much I can lose when holding a coin, I'm holding Ethereum right now and if price goes way down than 21**+ I will definitely take my loss because that's a lot already, I got in at 2450$ thinking we will be hitting 2600$ soon but I was wrong

[raidarksword]

New to crypto will surely have a lot to learn especially controlling their feelings when there is a massive corrections in the market because for sure they are scared of their investment turned to zero that's why they intended of losing than having profit of panic selling.

[triat]

New to crypto will surely have a lot to learn especially controlling their feelings when there is a massive corrections in the market because for sure they are scared of their investment turned to zero that's why they intended of losing than having profit of panic selling.

this stage in everyone's life must happen sooner or later. Those who entered recently and received the first negative will force them to reconsider their attitude to trading. Here not only trade is a plus - this is life.

[bryant.coleman]

Ever since I made my first investment in cryptocurrency in 2012, I have invested in more than 50 different altcoins. And based on this experience, I would say that in 99% of the cases when there is a dump with an altcoin which is outside the top-20 list, the chances are that it will never make a recovery. If possible, keep an eye on the promoters. If they are selling their tokens and making the exit, then it is a very bad sign.

[tvplus006]

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 understand, this have happened to me 4 times already in this bull season since I don't want to see my portfolio losing 50% of it's value, right now bitcoin fell from 60k+ to 51k, I'd say that's massive dump in price, I don't know if it's over for bull season or this is just market correction

After such a dump, everyone decides to use a stop loss in the future. This dump brought $ 10 billion in liquidations and the fear of investing in cryptocurrency. But this is what distinguishes a beginner from an experienced trader, that when the first one sells, the second one buys.

[NorvsGanda]

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.

Well FOMO is the most common trait that every novice and newbie will experience along the process of trading and investing. DYOR is still the best way to be confident with the coins you have. If you have enough knowledge of the current status of your holdings, then you must know its market trend and behavior. Also, some tip for newbies, don't jump into the market/trading without enough knowledge on how everything works, from the circulating supply, market cap, tokenomics, chart and trend prediction methods, etc.

[poldanmig]

If you already have a trading technique, I don't think traders will panic when the market crashes. In fact, many are waiting for this momentum to be able to benefit because the market is experiencing price discounts. what needs to be considered is the way you trade, how to analyze and also manage money management. because of course when the market crashes, if you have both, you won't panic

[Asuspawer09]

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 mostly what is happening here why the market keeps on going down but I mean it's a kinda good thing because I have a lot of stable coin to invest that came from other altcoins profits.

I mean this happened most of the time in the market and its pretty normal i think because a lot of people are already bullish in different altcoins and as we know bitcoin and ethereum is skyrocketing in the market.

So it was just normal to see a lot of people sell and make a profit from the pump because if they just continue to pump it, someone will dump it on you so its just like a game.

[fahmimajannat]

Its  a very common mistake from a beginner trader.
You should not panic sell while market is dumping. Cause you will be helping the dump as well.
So be wise and tight hold when market is dumping so that extra supply don’t be created and the market get the support to pump again.