Ziskinberg
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April 17, 2021, 11:30:23 PM |
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Panic sell when the dump happen is only for noobs, this market will probably goes up again in the next month. We are not finish yet. We still at the very bullish phase and maybe we will see 3 trillion dollar marketcap soon.
If we think that panic selling mostly happens to noobs then I could say that we are all noobs. We simply can't deny this, we sell for a reason, we sell because we are worried that the price dumps and it is just likely the same from panic selling. I don't think that would be the appropriate name for this, we eventually did this, kinda a habit that everyone takes action. We can't hold our crypto for a lifetime and we can sell it anytime if we want.
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Cadaver20
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April 17, 2021, 11:47:37 PM |
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Most of we are panic when we see dump of a coin after pump. We have no idea how much dump can be. As a result, we quickly sell our coins. Once sold we see that after a while the price of the coin has almost doubled. As long as there is a bullish trend, there is less chance of huge dumping of coins. We are losing profits just because we can't control our nerves.
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Hamphser
Sr. Member
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April 17, 2021, 11:54:57 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.
Easy to say but it really hard to be followed even if you are an old trader or does have experience.These panic situations are common and sometimes cant be resisted even if you are already experienced thats why molding yourself to be emotionless into this market does really take a long time and it wont be an easy journey. Sometimes panic selling does have its pro's too on where it do save up yourself into further losses which might result into a long term hodling incase you've decided to hold.
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midaslordes
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April 17, 2021, 11:57:23 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.
This is a great attitude of whale investors, they dont panic when they saw a price dump but instead they buy and accumulate another number of their hodlings to increase it. Just a tip for newbies when you see that the market is in red days that is the time to add on your hodlings and always keep in mind to do not panic sell because always remember whenever you the value of your hodling goes down as long as you do not sell it, it will always the same amount of your token hodlings.
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AmoreJaz
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April 17, 2021, 11:58:46 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.
Easy to say but it really hard to be followed even if you are an old trader or does have experience.These panic situations are common and sometimes cant be resisted even if you are already experienced thats why molding yourself to be emotionless into this market does really take a long time and it wont be an easy journey. Sometimes panic selling does have its pro's too on where it do save up yourself into further losses which might result into a long term hodling incase you've decided to hold. one thing that will help you in this journey is to know the background/foundation of the coin you are following with. because if you are just blindly trading, the chance of losing it all is really high. if you know what is going on with the coin, you can assess whether to sell off or not, or just wait for the better timing. one warning signal though is if the devs are just quiet and seems not doing anything.
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MadeMen
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April 18, 2021, 01:29:28 AM |
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Panicking could happen to anyone in this space because there isn't certainty in the market movement. Its possible to do your research and the market goes a different route. I feel the best is to avoid buying when a coin is pumping because you really can't tell when the market correction will come and that could lead to the fear of the unknown.
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kaseygriffin
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April 18, 2021, 02:12:34 AM |
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Actually, after going through a few corrections from the market, I no longer feel fear when the price goes down. Because I firmly believe it will soon recover and increase again. This time there are also many new people entering the market so confidence about it will grow again.
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asriloni
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April 18, 2021, 02:48:48 AM |
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Panic sell when the dump happen is only for noobs, this market will probably goes up again in the next month. We are not finish yet. We still at the very bullish phase and maybe we will see 3 trillion dollar marketcap soon.
Dude, there will always be a winner and loser. You will never see someone that got profit from the market when there is no others who have been loosing in the market. Usually panic sells will occur caused by user didn't have a good mentality. Those noobs are new users and they didn't have enough knowledge about crypto and market. Sometimes even the expert trader can get the panic sell as well. It can happen with anyone.
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Reid
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April 18, 2021, 02:57:21 AM |
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You are not overthinking because that's correct. But, can you really hold yourself when you are at that moment?
It's not an easy task when it's your hard-earned money that's on the line. Of course, you always want to save it first before it goes deep. Questions like "what if it goes lower in the next few days?". You want to save it and buy it back at a lower price or just cash it out with ROI and a small profit. Those emotions cannot be easily prevented. It happens.
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SacriFries11
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April 18, 2021, 03:05:12 AM |
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Actually, after going through a few corrections from the market, I no longer feel fear when the price goes down. Because I firmly believe it will soon recover and increase again. This time there are also many new people entering the market so confidence about it will grow again.
Yes, I think due to the current state of the market and most of altcoins today are uptrend making us to feel confident that the price will go higher after few corrections. It's a great time for us to do trade at high potential because the uptrend around the market. A lot of adoptions going on and newcomers try to do investment in cryptocurrency. I agree too not to sell when the price dumps, that's one thing we can't avoid it when we are new to crypto. We are thinking that we will lose our money, but the fact is once we sell we already lose at and it's difficult to gain and easy to lose.
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umbara ardian
Sr. Member
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April 18, 2021, 03:11:50 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.
This is inevitable for those who have no experience in this field, and then after going through such times people will learn their own lessons.
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billy.ryoko
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April 18, 2021, 03:27:40 AM |
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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. ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif)
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litepool.ru
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April 18, 2021, 03:50:37 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.
Yes, I have encountered many such projects, but have to look back to the problem when you FOMO follow the coins that are being pumped. If you are wise and knowledgeable and knowledgeable, I think we can make a big profit from this market, and dumping will not affect you much when you buy and keep very low price.
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Pamadar
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April 18, 2021, 04:04:40 AM |
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You are not overthinking because that's correct. But, can you really hold yourself when you are at that moment?
It's not an easy task when it's your hard-earned money that's on the line. Of course, you always want to save it first before it goes deep. Questions like "what if it goes lower in the next few days?". You want to save it and buy it back at a lower price or just cash it out with ROI and a small profit. Those emotions cannot be easily prevented. It happens.
It's a matter on how you practice what you say and deal with it when situation already in front of you. Most of the time, traders who can control such emotions and manage well each time this kind of market sideways hit them up are the people who can perform and earn in the long run, you needed to work on your own judegment, it's tough but more practice, more chances that you'll be able to overcome fears.
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Adreman23
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April 18, 2021, 04:10:23 AM |
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The most important thing when investing or trading is to have entry and exit strategy, once you stick to this you will be fine, at time a coin pump and there is something in you telling you that it is likely it goes up more so leave a small portion for this portion. But when you have a sense that a coin is overvalued just sell and run because the dump is always mega dump and you can lose all your gains
Agree because planning a trade is really necessary before entering a trade. Because traders with no plan it is difficult for them to decide because the emotions dominate but if there is a plan we already knew what to do, we have already entry point and exit point.
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Pom_bensin
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April 18, 2021, 04:10:38 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.
This is actually natural because the crypto strategy is throwing away and buying. but what we need to know we should not panic with any situation because it is temporary. reasonable correction occurs to balance prices so that they are always consistent in the market
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Ibrahim60
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The OGz Club
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April 18, 2021, 04:35:27 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.
Price increasing and dumping is the character of all Crypto currencies. Most of the new trader or investors do the panic sell when a coin price strat dumping. Thay think lost some money is better than lost all. But they need to be patient and wait for the price rising. Their panic sell also the reason of more dumping.
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senyorito123
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April 18, 2021, 04:43:27 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.
This is actually natural because the crypto strategy is throwing away and buying. but what we need to know we should not panic with any situation because it is temporary. reasonable correction occurs to balance prices so that they are always consistent in the market If that would happened, no need to panic because it is a normal thing in crypto. It sometimes goes up or sometimes goes down where decision making is important to do. Buying and selling is both good thing to do because you can get profit in there. It depends on your contentment in having the right amount you get.
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CryptoATM
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April 18, 2021, 05:47:08 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 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
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BitcoinPanther
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April 18, 2021, 06:02:40 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 think this depends on what kind of coins is being dumped. If the one that is being dumped is the one with promising projects then it is no brainer to stay calm and at least put a buy wall to accumulate more worthy token but if the one dumping is a token that is really a pump and dump then we should at least act fast to sell our holdings in order to lessen our possible losses.
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