Do not panic sell when there is dump

[Yatsan]

The initiative of newbies in the industry who still not basically know how the market works, is to sell when they see a sudden dump on the prices of the cryptocurrencies they have invested their money with whether it is on Bitcoin or Altcoins. They have the fear of getting the experience of having loss for they think that it will continue to work on that and that they might never have the chance to regain that loss. Well in some cases things work like that but still it depends on the crypto you are investing with. But if you are confident with it, instead of complaining on the dump, you will see it as an opportunity to grab on buying more and hold it for a while until such time that the price pumps.

[lixer]

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.

Stop loss makes sense, anyone who bought at 64k and put a stop loss to 60k would have been in profit if they bought at around 53k or so back again. However many people still do not how to put a stop loss and that is why they are losing money as well. There are too many newbies in the crypto world, that is just a fact, because we have increased so much this year, that caused people to get into bitcoin a lot and that is why we are in a situation where a lot of newbies helping us go higher, but those same newbies that helped us to go up also causes us to go low as well when they do something noobish.

This is why I do not know if it is good to have this many new people or not right now. However those newbie people will gain experience and become a great crypto person, none of us started being a crypto expert, which is why it is good in the long term.

[revilo]

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.

Learning by experiencing Otherwise you don't really get used to the temporary pain, you really have to experience it. It is annoying but an important part of the learning process if you ask me.

[bussybuddy]

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 no longer either strange, especially for those new to fomo following this market, when people get a little bit of profit, people have more confidence but when there is a strong correction, the psychology of panic. Worry that bitcoin will fall down really hard. I have always believed and thought that the current trend is general, and looking at the long term direction I think the point of the market boom could be the beginning of Q3 in 2021.

[daenarys_stormborn]

Crypto investing is indeed very risky, in accordance with the words high risk high return, sometimes the market dump is also a challenge in investing, and we must be able to decide that we must continue to believe not to sell or cut losses and accept losses, my advice is that you have to learn more deeply about crypto world before making a decision

[rahmat86]

If you bought a coin at the highest price and after that it doesn't go up again, I think panic selling is a natural thing. cuttoss is the best thing to reduce losses, you better wait for a cheap price and buy it back in order to get the maximum profit.

[oemar bakrie]

a first step to be able to read the movement of tokens that will plunge free from the hope of wanting to release all but that there must be a calculation of whether the development of these tokens can be relied on or not, for example, just a pump or a game in the market, we have to be patient so we don'tthere is the next disappointment..

[TastyChillySauce00]

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.

Yeah, this kind of thing that affects our psychology only best learnt from our own experience by making stupid decision and regret it, I personally have missed the opportunity to sell high many times just because I was too early at thinking of dumping, I was also holding so many doges back then and sell it for some measly amount just because I thought the coin has no promising future somewhat turns out I was wrong but such thing definitely out of my control so regretting just gonna adds the pressure and stress lol. Now I become more chill though, dumping and pump usually I don't really care as long as the coin is good and promising enough for long term.

[b1boy]

I think only newbies would actually panic sell at this point which i think is a learning curve for them because we all passed through it and i think its a good way of learning for everyone... in some days time we all know bitcoin and ethereum are going to have a new all time high and in my own opinion i think bitcoin is going for $100,000 but who am i to predict.... just Hold you crypto asset and wait out the storm

[abel1337]

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.

Yeah, this kind of thing that affects our psychology only best learnt from our own experience by making stupid decision and regret it, I personally have missed the opportunity to sell high many times just because I was too early at thinking of dumping, I was also holding so many doges back then and sell it for some measly amount just because I thought the coin has no promising future somewhat turns out I was wrong but such thing definitely out of my control so regretting just gonna adds the pressure and stress lol. Now I become more chill though, dumping and pump usually I don't really care as long as the coin is good and promising enough for long term.

For a coin like Doge, It is very hard to predict that it will pump on the kind of price level we are seeing today. Essentially, Doge has no promising future at all. It's just Elon musk and the community makes that meme coin pump so hard for the sake of the meme. I know it's regrettable but the decision you did before was not entirely wrong if we base on doge fundamentals, As long as you take profit back then you're good.

[trauchot]

It depends on which cryptocurrencies it is associated with, because if this happens with top cryptocurrencies, then of course, as we know, if the top cryptocurrencies fall very much in price, then same these top cryptocurrencies will rise in price again after a while, but with new cryptocurrencies, the opposite is true, because most of the new cryptocurrencies after a while will simply disappear by various reasons and therefore investing in new cryptocurrencies is always a huge risk.

[rosebrand]

Like my friends will always say red are for buying so anyone selling when there is a dump in the market is really very wrong, when there is a massive dump in the market it's seen as an opportunity to always buy but if you are already in a trade it's better to hold till the trade bounce back so you might recover the lose and also be in profit, the volatility in prices is really what makes crypto to be profitable, so know this strategy to always buy when there is a deep and sell when prices are high enough, do not buy at the top and sell at bottom, let there be a drop before you jump in.

[Midy]

Most beginners are like that, where they are very panicked when the market starts to plummet, especially if there is no mentor guiding them about the ins and outs of cryptocurrency, I also experienced the same thing when I was new to the world of cryptocurrency, where at that time I quickly sold my assets when  the price started to fall

[lienfaye]

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.

Its quite normal to have some worries when the price of our coins are dropping. But if you gain knowledge first before investing on crypto you'll know the risk and somehow aware of what to expect.

When there's a price correction always be patient. Set aside your emotion to refrain yourself from making a decision that you might regret later on especially if the coins you hold are well-established.

Just keep in mind that its a temporary situation, avoid thinking of negative things because it cant help you as an investor.

[Cling18]

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's actually one of the things that I have learned in the past. I was always doubtful about my holdings before and I always feel worried whenever there are dumps but when I learned how to do my own research, I started having patience and deal with the possible changes that could happen anytime since that's a part of crypto's volatility. Panicking could only lead us to wrong decisions so as long as we trust the coins that we're holding, we better be optimistic.

[max6575]

investors might comes with basics of personal preference as disputing funds on exchange with the token that more on entrance into the market, developer to work on beginning initial as modifying use with possession of resource that they might requires of more on terms to prepare of establishment.

[prosperoustop]

After yesterday a lot of people have panic, because BTC fall to 52K from 62K, is it mean that big correction started? how to understand?

[bitgolden]

Not everyone can hold on to their coins for so long. So in such cases, they need to sell their coins, while incurring minimum amount of loss.

Every crypto people must be having their own reason to continue their holding or to sell their stash at any point of time. But, selling our holding just because most other people are selling cannot be a properly still we cannot do anything about that as when more number of people are taking same decisions then market will move around them. I heard many people have saved their potential losses just because of panic selling and at the same time they have missed the another round of rally as well.

another factor is that the last time we had a major correction was more than one year ago (and even then the prices recovered in a few days). A lot of the users are getting overconfident due to this.

This way I believe, all the reputed coins will be having lesser volatility in coming years because when people are confident about recovery then they may not go for panic selling and they will try to make use of all available dips to increase their stash.

[Pamadar]

Most beginners are like that, where they are very panicked when the market starts to plummet, especially if there is no mentor guiding them about the ins and outs of cryptocurrency,

Most of the time this things happened. Those newbies are the victims  as without the 
right knowledge they've been easily move by ongoing fuds and news that affects the market.

I also experienced the same thing when I was new to the world of cryptocurrency, where at that time I quickly sold my assets when  the price started to fall

For sure many exeprienced the same thing, this kind of failures also made us realized how to build the right system
to work with our crypto trading journey.

[sarmrakib]

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 it will be a great idea always to hold the good coin and i suggest the panic seller don't sell your good coin on low price cause every dip is hidden story of huge pumping. No the market is always a tough place to hold the nerve plz always take your wise decision before selling the good not about shit coins.