Do not panic sell when there is dump

[BenjaminFranklingwould]

I don't think this is the peak of this bull market right now. Therefore, if you want to sell cryptocurrency, you must do it carefully. I think the market will continue to grow.

[Distinctin]

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.

Being emotional and do panic selling in this time of dump could not be totally avoided because even old traders do that particularly if he's not so sure with his coins. But this will only contribute to a more dump in the market so if possible, never be carried by our own emotions because it will only put us into a losing end. Keep holding our coins and be more motivated not to sell,otherwise we will end up in regrets.

[Dexion]

Panic is a natural thing because beginners definitely want instant things with as much profit as possible, beginners often just follow the trends and hype that exist, without doing research on the ins and outs of what they are going to do, when the dump occurs, they are afraid of getting a loss so they sell it as soon as possible to reduce the existing losses. This is the importance of patience in investing, it needs careful calculations and is ready for all the consequences that may occur.

[noormcs5]

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.

Another thing is that these dumps are the opportunity to buy, but most people get panic in these situations and they sell which is not right. If you believe in crypto currencies, then you will always buy these dips.  You should accumulate more bitcoin and good altcoins when you see such dumps in the market.

[martina14]

I noticed that most of the time novice was the prime victim of Fomo, why? Because, newbies obviously are zero knowledge here in cryptocurrency,so the result of course , they always loss their assets. In which is not supposed to be happen to them if they begin with study to feed themselves everything here in this type of business anyway.

[btc-facebook]

It is very natural for new investors to panic when the market correction, especially this year so many stock investors have fled to cryptocurrency, so that many will be surprised by the correction that has occurred in bitcoin,
In my opinion, panic and cut loss are not the right way to respond to a sudden correction market, it's better to learn the pattern, because every market has a pattern that is exactly the same as its history, for example, bitcoin is not much different from the year 2017.

[Yamifoud]

It is very natural for new investors to panic when the market correction, especially this year so many stock investors have fled to cryptocurrency, so that many will be surprised by the correction that has occurred in bitcoin,

It is a normal feeling for a human being, not just only for new investors, but I don't think about the bots.

In my opinion, panic and cut loss are not the right way to respond to a sudden correction market, it's better to learn the pattern, because every market has a pattern that is exactly the same as its history, for example, bitcoin is not much different from the year 2017.

Definitely, we have to think about it wisely, decision-making can't be made too quick and easy, it is much better to widen our market understanding for a better decision. I use to think it twice and ask from others opinion but not so often, we have to follow our instinct sometimes which I think it is somewhat effective.

[leatutz]

I don't think this is the peak of this bull market right now. Therefore, if you want to sell cryptocurrency, you must do it carefully. I think the market will continue to grow.

Nothing will change, but Bitcoin correction time isn't a new way to take opportunities. Only a few altcoins couldn't touch the top price after this price correction. For a panic sell we could lose our profit, although today BTC's last dump price was 49K USD. This correction could be the last correction of the next bullrun. By selling coins, I won't lose my opportunities for profit.

[Jackl87]

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.

Today's dip was a great opportunity to put your tip into practice OP  . I can imagine, that a lot of people panic sold their holdings when ETH was below 2100$ and Bitcoin was below 54000. Now it seems that the drop has ended for now and the prices seem to stabilise and even recovered a little bit already. It was a pretty hard dip though i mean from 60k$ to 53,5k in 30 mins is a pretty sharp decrease in price and therefore it is not that surprising that some people sold their stuff weil the dip was still ongoing because who can never know when the dump ends.

[andthereyou]

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 the opposite of what you describe will happen ,whether in stocks or cryptocurrency market. Because it happens to me and many of my colleague before.

[Shasha80]

After Bitcoin corrected below $ 60k, all the altcoins were dumped. And I see many traders who are panic sell, it is something to be avoided i
n my opinion. If we do the analysis well, we will understand that the decline in altcoins prices is normal. It doesn't mean that we have entered
a bearish trend, so we don't need to panic seeing current market conditions. I believe we should see a lot of coins that have been corrected,
it shouldn't be panic selling but it should be panic buying. Because I believe in the next few days the market will recover. So take advantage of
the current situation to buy again coins that are potential.

[Sendi blackspade team]

Definitely, we have to think about it wisely, decision-making can't be made too quick and easy, it is much better to widen our market understanding for a better decision. I use to think it twice and ask from others opinion but not so often, we have to follow our instinct sometimes which I think it is somewhat effective.

People who have often followed the flow of ups and downs in the crypto market, instinctively they have the instinct that this is really a decline or will rise again, the mindset and calm in making decisions must also be different, there's nothing wrong with asking other people's opinions but the final decision is yours. itself as the ultimate control over your assets, whether to sell it or hold it until the price starts to improve.

[triat]

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.

I just can't understand why coinbase employees quickly sold their shares. I don't think they just did it. And we'll see the price tag below shortly.

[MonaLeeTracy]

I noticed that most of the time novice was the prime victim of Fomo, why? Because, newbies obviously are zero knowledge here in cryptocurrency,so the result of course , they always loss their assets. In which is not supposed to be happen to them if they begin with study to feed themselves everything here in this type of business anyway.

Indeed, experience and knowledge will make someone relax when facing a market that is experiencing a decline. Most of the people nowadays panic when prices experience a big drop. see the movement of bitcoin that goes up so fast. In analyzing it should also understand that dumps can occur too quickly too. people must be able to analyze the market

[tvplus006]

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.

I just can't understand why coinbase employees quickly sold their shares. I don't think they just did it. And we'll see the price tag below shortly.

It's just that the Coinbase management knows something that others don't know at the moment. Or they follow the old principle of listing, when after the pump the price starts to decline and since they know it well, they sold their shares at high. It is possible that in the future they will buy their stake at a reduced price.

[bittick]

I noticed that most of the time novice was the prime victim of Fomo, why? Because, newbies obviously are zero knowledge here in cryptocurrency,so the result of course , they always loss their assets. In which is not supposed to be happen to them if they begin with study to feed themselves everything here in this type of business anyway.

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.

[jjdub7]

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.

Certainly it is not overthinking! This is one of the most important rules and one of the most common mistakes, which is caused by fear, panic, lack of experience, etc. When prices fall - buy. When prices go up, sell / or hold!!! Not the other way around.

but with practice you will perfect and master it....

Once you lose all your money on the stock/crypto market, you may gain a similar experience, but it is better to do it without risking everything you have. Many people do this - they enter the trade without knowing the basics and then wonder why they lost all their money and/or some of them even their homes so quickly.

[Kelvinid]

~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.

[Scripture]

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.

I just can't understand why coinbase employees quickly sold their shares. I don't think they just did it. And we'll see the price tag below shortly.

Probably they are not happy with Coinbase anymore and that's why they sold their holdings, or they just want to take profit and buy later on.
The volatility on this market is very high, we can lose everything if you didn't analyze the market, and of course if you're panicking you might miss making strategies and you might end losing everything as well. Panicking is not good, I feel sorry for those who are panicking every time they see a dump market.

[Fivestar4everMVP]

This is the plain truth, I totally agree with the op, but just like some other guy already said here, it's easier said than done, I have been a victim of this circumstances many times I can't remember, but my last experience taught me a bitter lesson, now, I've learnt the hard way, I've always sold all my holdings at a little pump cus of fear that the market might start dumping, I sold all my 28 Ethereum last year at the price of $450 usd each, till today, am still regretting that decision, I've promised myself that I will never make such a mistake out of fear again, now, am determined to always hold until my target price is reached even if it will take 2 or 3 years, I no longer care.