Do not panic sell when there is dump

[dunfida]

~snip_

Well to be fair most of newbies have literally zero experience in term of going against the market manipulation that could hugely affect our psychology hence why they're called newbie and even if someone read so many books they gonna have a hard time to trade in real market because it's just so many moving parts that contributes to the price. They need to alteast experience before hand that they could be easily manipulated and become victim of the market and that's also exactly how I've learned from my experience. Those books and those quotes that people keep saying everyday won't do anything if someone hasn't experienced it yet.

Experience is the best teacher but still wondering why a lot of traders still is losing despite the learning they've got from their past. Meaning that no matter what they, even though they remember their past bad experience but if they don't change their attitude and behavior the results still the same. And they can tell themselves an expert of losses.

And, to say that learning from the past is not enough for a person to change but this is all about how that particular person really have the commitment to change their life.

You've learned something in the past but doesnt mean that you would be exempted on committing the same mistakes all over again.There's no such thing about being a perfect trader
but somehow gaining up those past experiences will really be molding you up as a better trader which it would really be different to those who are just starting up.
It is really easy to say that we shouldnt panic out but when you are in the actual situation then its really hard to resist on not to do so specially if you are
actively checking out market prices everynow and then.

[1714693973]

1714693973

[Refrumatrix]

I don't blame those who existed the market once the almighty dump begins lol, there was no assurance that the market will recover until today, to say the truth I was in panic mood myself, it isn't easy to lose your hard-earned money just like that

[MishaSER]

I don't blame those who existed the market once the almighty dump begins lol, there was no assurance that the market will recover until today, to say the truth I was in panic mood myself, it isn't easy to lose your hard-earned money just like that

I never recovered my assets, I lost 18%, but I see the market but recover a little, but my losses are not covered, I see many tokens have grown, but fate punishes me and my token does not grow but stands still)))

[gurunanakji777]

I am also thinking the same way you think but some traders or holders need money badly they can not hold for long so they have no choice to sell it. We must learn the art of patience when the market drops. We should avoid panicking and should not dump our valuable coins in panic. In the past three years, I have learned patience is the most important thing in the crypto market. If we see BTC, ETH, and BNB price of 1 year back these all were dirt cheap, and at that time those who trust these high potential coins and hold them still are in huge profit so patience pays off. I believe the only thing we need to learn is patience and patience and avoid panicking if one wants to earn from this market. This market is not for impatient traders.

[bonyaserg]

For me, too, personal experience played an important role in the sale of tokens. Because he was always afraid of losing his tokens and panicked. Now that I have a lot of experience in selling tokens, I am absolutely calm and always sell with a good profit. So experience goes a long way in trading on exchanges.

[velive08]

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 always see this correction as a way for us to expand our assets to more coins. when the dump price of coins is low we can buy large quantities and hold. For holders, I think to get rid of that fear and don't panic, because this is a temporary correction there will definitely be an increase. because dump is a natural cycle that is in the movement of crypto market charts

[MadeMen]

When prices are dropping, there's always the tendency that one would like to sell out, Inorder to avoid running into losses, but it's best to plan your trade and set stop losses. With this you're not thrown off balance where you may find it difficult to make logical decisions. Trading requires a great deal of wit and following the crowd may not be the best move.

[concept2]

I agree. There is no need to be feared when there is a dump happening because it is just a short term dump. Overall, when you look at the charts, they show a remarkable sign of a stable uptrend. Therefore, a big correction like this is necessary for not just bitcoin but also the altcoins to grow and become stronger

That is why I always tell my friends that money management is very important. If you have a reserve fund for an emergency situation like this, you would have chances to buy cheap coins and tokens. But if you are not able to do so because you do not have enough money, just hold.

[blckhawk]

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, it is easier to say than to be done. I mean when circumstance like this appears in front of our face like showing a huge dump you will definitely have a second thought of selling your coins in which a total response but just like you what you have been said practice you would be the key, as you encounter a lot of this kind of situation you will eventually learn to control your emotion. But yeah I think that is what you supposed to do, to not panic when these circumstances appear like in this current correction. Do in mind as well, that make an analysis for yourself so you could plan your next move when this happens.

[arifteguhr]

I didn't panic when the dump was fast because I would have already considered the money management that I would do. now I have been trading by following the analysis pattern and also using the money management that I have made. of course, if we analyze and do not have money management, we will get losses from the trades that are carried out. many new traders are making a loss from trading

[TopTort777]

Guys, be honest, who has dumped their precious bitcoins last weekend when bitcoin price dropped?
I see that people only write that this is temporarily, bitcoin will recover, I have resist to all dumps and etc. We are a huge community. At least someone should have sold his assets. I'm just curious how did you set the minimum price that after crossing it you will start selling?

[laredo7mm]

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's a well know strategy of whales. They manipulate the market by dumping it then pump it a little bit then dump it again. Many new panic traders sell their holding fear of missing their book profits. I have learned very good things in all these years and that does not panic when the market is dumping and always book some profits to make a reentry.

[sadewa69]

It does not only apply to beginners, even almost everyone will panic when they see a sudden market crash, like what happened yesterday, more than 10% of the market cap fell, from 2.3 trillion $ to 2 trillion $ the difference is when the dump happens people who have already accustomed to or have cash deposits will be ready for these conditions and will make a buy back, while beginners might consider cutlose

I think investor confidence is also still strong because we've seen how the correction occurred several times in the long rally this season.
investor confidence is still in price recovery which ultimately makes many investors not secure their money but hold their assets.
but the situation would change if what happened was a big dump. it will make everyone panic and quickly shift to stable assets.

[Kasabus]

I agree. There is no need to be feared when there is a dump happening because it is just a short term dump. Overall, when you look at the charts, they show a remarkable sign of a stable uptrend. Therefore, a big correction like this is necessary for not just bitcoin but also the altcoins to grow and  become stronger

That is why I always tell my friends that money management is very important. If you have a reserve fund for an emergency situation like this, you would have chances to buy cheap coins and tokens. But if you are not able to do so because you do not have enough money, just hold.

Holding when others are panic selling is really hard and challenging because you'll never know what will be the next dump price. Otherwise you may also sell your coins because of fear of losing. But i've learned my lesson and that is never be fool on your own emotions. Dump season will never last long and after that, the price will recover eventually.

[Danslip]

When prices are dropping, there's always the tendency that one would like to sell out, Inorder to avoid running into losses, but it's best to plan your trade and set stop losses. With this you're not thrown off balance where you may find it difficult to make logical decisions. Trading requires a great deal of wit and following the crowd may not be the best move.

The market is not stable as expected and no doubt the price is changing every day. Sometimes we can face price dropping and it can happen so suddenly. Some people prefer selling their coins at this time, however, it is not right for me. Firstly we should make logical decisions as you said, that is why everything is possible here, maybe after this dumping the coin which you hold will get up from next day. You should not make any decision in panic.

[sapnu]

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.

That is one of the common mistake investors usually does whenever they sense great feelings of fear. It is not really necessary to sell when there's a dump but still there are circumstances where it is needed to be done in order for you to save some of your holdings as much as possible. When it comes to bitcoin, I think it is not really necessary to do that specially right now. You should see it as a great advantage already that you are currently holding a bitcoin and you should not let it slip away just because you are scared it may keep on going down. Be wise, read some legit news about crypto, observe and be smart when you finally decide.

[Papsie]

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.

Sometimes, whales are responsible for that sudden market dump because of the reason to have a panic selling from the small-scale hodlers and like what you've said, the whales will buy those that little dumps and will add it to their holdings. Most of the time small scale hodlers are the one who's affected by this especially if they are newbie and novice in trading/market and that is how the whales controlling and manipulating the market.

[matchi2011]

I agree. There is no need to be feared when there is a dump happening because it is just a short term dump. Overall, when you look at the charts, they show a remarkable sign of a stable uptrend. Therefore, a big correction like this is necessary for not just bitcoin but also the altcoins to grow and  become stronger

That is why I always tell my friends that money management is very important. If you have a reserve fund for an emergency situation like this, you would have chances to buy cheap coins and tokens. But if you are not able to do so because you do not have enough money, just hold.

Holding when others are panic selling is really hard and challenging because you'll never know what will be the next dump price. Otherwise you may also sell your coins because of fear of losing. But i've learned my lesson and that is never be fool on your own emotions. Dump season will never last long and after that, the price will recover eventually.

if you do have spare money, instead of following the dumped better to buy more while continue holding your assets,
there are many instances that the bounce happen right away.

You'll compensate more in case you bought while others are dumping, it's tough but if you are willing to take the
and you have the right knowledge about the project that you'll going to hold.

[Argoo]

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.

That is one of the common mistake investors usually does whenever they sense great feelings of fear. It is not really necessary to sell when there's a dump but still there are circumstances where it is needed to be done in order for you to save some of your holdings as much as possible. When it comes to bitcoin, I think it is not really necessary to do that specially right now. You should see it as a great advantage already that you are currently holding a bitcoin and you should not let it slip away just because you are scared it may keep on going down. Be wise, read some legit news about crypto, observe and be smart when you finally decide.

No matter what we say now, a certain part of the cryptocurrency holders will always sell their tokens or coins when they drop sharply in price. Such actions first of all indicate that they do not know and do not possess the completeness of information about the project and its cryptocurrency, and are not sure about its prospects. If nothing significant has happened to the cryptocurrency, then it makes no sense to sell it after its price drop. Especially if such a drop occurs along with a general drop in the entire cryptocurrency market. You should always take into account that this market develops cyclically and after a fall, after a while there will be an increase.

[wack slacker]

The market has gotten stronger and it's easy to see how Bitcoin's price quickly recovered from the price drops.We are no longer seeing discounts like 2017, 2018 or 2019. My guess is that the market has a larger amount of stablecoins, and that helps Bitcoin hold its value. There is more than $ 48 billion, 8 times more than a year ago.