Do not panic sell when there is dump

[akgandalf]

I have been dealing with cryptocurrencies for 4 years, but I panic whenever there is a hard fall. I've never had a panic sale so far. This last move, I think, is the shaking movement in the stock market. Altcoins will revive if Btc stays above 56k.

[1713563050]

1713563050

[agg2702]

I used to be that kind of person. when I started entering the world of crypto and did not learn before how it works I was like the people mentioned above but after dabbling in cryptocurrency and seriously learning how the real world of crypto I began to understand how and what a good way to trade.
all there is a time do not be afraid to try and do not be afraid to fail because that is where we learn
dont be a panic everyone will profit in time

[molsewid]

A lot of factors needs to be taken in to account, when we talk about panic selling. Previously, we had extended phases of correction associated with Bitcoin, which lasted for as much as 2 years. 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. And 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.

The last bear market of bitcoin really was a lesson learn to every one that despite of how dumped the crypto you have in hand especially bitcoin, we should atleast left even a small amount of crypto on our wallet, and don't let you panic selling emotion leads you to this way because if were going to look back at the bitcoin market last two years to now probably a big difference, a big profit also if you are able to save bitcoin at that time.

[doomloop]

I have been dealing with cryptocurrencies for 4 years, but I panic whenever there is a hard fall. I've never had a panic sale so far. This last move, I think, is the shaking movement in the stock market. Altcoins will revive if Btc stays above 56k.

When you are having four years in crypto space, then why you are still getting panic when market fluctuates wildly? You must make use of your experience to control your emotions. When you are too week and always obeying to your emotion failures then you must quit trading and must adopt long term planning when buying cryptos. When we talk about long term plans, it is always about ethereum/litecoin/dash and bitcoin kind of highly established ones. Choose few of them, and plan your long term holding then you never need to react market fluctuation.

[aysg76]

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 topic have been encouraged many times in the past  but everytime there is a dump or say bearish trend hit the market people panic sell their coins which cause huge loss to them and market as well.They need to sell in bull run but they do opposite of it which is their big mistake.The whales try to create FUD in the market and manipulate the prices for their own profits but new traders who have no knowledge of this highly volatile crypto market act as bait for them.

The wisest rule of the market is:when other's are selling,buy....

So just try to be in the long run game which will eventually lead you to profit houses.

[Hobo66]

The only regret i have with Crypto is that i didnt start sooner...
It doesn't really matter how much you have invested, the important part is how much time you have invested...We are alp here for gains... Be Patient, dont panic sell, buy he dips, dont over extend yourself to where you have no funds to buy the dips...
Good things are gonna continue to happen...
Blessings and gains to each and everyone

[uneng]

The only regret i have with Crypto is that i didnt start sooner...
It doesn't really matter how much you have invested, the important part is how much time you have invested...We are alp here for gains... Be Patient, dont panic sell, buy he dips, dont over extend yourself to where you have no funds to buy the dips...
Good things are gonna continue to happen...
Blessings and gains to each and everyone

I think it depends on the currency we are talking about. Some of them really worth to be held on long run, even if they dump hard, that is the case of bitcoin. But in other cases, if the currency is poorly developed and doesn't bring any new feature or advantage to investors it's better to sell all the coins before the dump gets worse, as it's very probably the crypto is going to die, without considerable recoveries later.
With so many altcoins options in this crypto universe investors must be careful and attentive on what currencies they are going to buy for holding purposes on long run. Sometimes crypto currency is a very treacherous market which may frustrate its enthusiasts.

[lixer]

A lot of factors needs to be taken in to account, when we talk about panic selling. Previously, we had extended phases of correction associated with Bitcoin, which lasted for as much as 2 years. 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. And 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.

The last bear market of bitcoin really was a lesson learn to every one that despite of how dumped the crypto you have in hand especially bitcoin, we should atleast left even a small amount of crypto on our wallet, and don't let you panic selling emotion leads you to this way because if were going to look back at the bitcoin market last two years to now probably a big difference, a big profit also if you are able to save bitcoin at that time.

I believe when people saw that we went from 2018 crash to 2020-21 skyrocket, they realized no matter what happens to bitcoin it always goes back up. Which is why they are not letting it go down anymore ironic I know because people think "if it goes down, it will go up anyway, so I should buy" and that causes it to not go down too much. But we all know that even if it goes down too much, it will go up anyway and that is going to be fine.

I do not know what people will continue to believe, maybe if we go under 40k again that will scare people and there could be like some snowball effect that causes it to keep going down more and more. But, I think it is not going to be that shocking to see these changes, it should probably be something simple. People should not panic when there is a drop, and people should not be as hyped as they were when there is an increase, both will happen all the time.

[sayaya17]

Dumping and pumping of coins occur in altcoins and bitcoins. Even when Bitcoin coughs. Altcoins become an even deep
dump correction when bitcoin price correction is deep. If the correction is just a little it is commonplace, so there is no need to panic,
let alone I feel the crypto market is still in a bullish state. Despite bitcoin correction, it will recover quickly and altcoins pump.

[onecall123]

Dumping and pumping of coins occur in altcoins and bitcoins. Even when Bitcoin coughs. Altcoins become an even deep
dump correction when bitcoin price correction is deep. If the correction is just a little it is commonplace, so there is no need to panic,

Exactly, It's how the market proceed. Keep in mind that you panic sell but rich will buy the dip. There is a FUD, always create panic selling. Be aware of that.

I feel the crypto market is still in a bullish state. Despite bitcoin correction, it will recover quickly and altcoins pump.

It seems like money is coming back into market, check it out ETH, BNB is recovering. Hope everybody still hold them, it could get higher than past.

[Luffygroove]

Back in 2017, I felt the same. I used to be a panicky one. I can feel cold sweat all over my body whenever I faced the dump. I did panic sell and then I regret it cause eventually the price was increased after that. It's really frustrating. Probably because it was my first time and I didn't know the trait of cryptocurrencies at that time. Along the way, I started to learn that whenever bear season comes, then after that bull season will arrive. Bear season is just a moment when whales accumulate their assets and then sell it when bull season comes, so yeah many times I hold my tokens or accumulate it too when the price dumped.

[wiss19]

Back in 2017, I felt the same. I used to be a panicky one. I can feel cold sweat all over my body whenever I faced the dump. I did panic sell and then I regret it cause eventually the price was increased after that. It's really frustrating. Probably because it was my first time and I didn't know the trait of cryptocurrencies at that time.

If you are talking about bitcoins then that might be on 2018 and not in 2017 as we were into stronger bull run in 2017 (I agree there were some months in red even in 2017 but overall that year must be a good year for this crypto space and very rarely people might have got panic).

Along the way, I started to learn that whenever bear season comes, then after that bull season will arrive. Bear season is just a moment when whales accumulate their assets and then sell it when bull season comes, so yeah many times I hold my tokens or accumulate it too when the price dumped.

Yes, when you are learning out of your experience then definitely you will get good control over your emotions. We must need to understand the cycle of market fluctuations because it is definitely happening on some pattern; only for the people who never find time to understand that kind of pattern will definitely go emotionally failed.

[amihada]

I have experienced the same thing, I sold tokens at a low price because the tokens I was holding fell drastically at that time I thought the price would not go up again but after I sold the token prices went up drastically and I regretted doing so. from there my lesson is no longer careless because I got a big loss.

[shoreno]

why will they panic sell , didnt they sold thier coins during the pump ? then they are really going to panic because they are unprepared but thier noobness cause this . theres still a chance that they will rework this if they will take this business seriously  . whales dont only buy at the dip but whales can also sell at the pump  .

Every new trade is a journey and a new destination......

indeed . they shouldnt hung up in one trade but they should have a goal for it and then proceed/move on to the next . they shouldnt beat thier selves in the past but instead improve thier game next time

[H1N1]

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 dump the coin to the market so the price can be lowered to buyback later, in other words, it is a bear trap.
It is the opposite of bull trap, the purpose is to buyback with more amount of coin because the price become more dump.
So, we should not fall into the whales trap by following to sell the coin when the dump happen.

[albon]

I have experienced the same thing, I sold tokens at a low price because the tokens I was holding fell drastically at that time I thought the price would not go up again but after I sold the token prices went up drastically and I regretted doing so. from there my lesson is no longer careless because I got a big loss.

It is good that you learn from your mistakes so that you do not commit them again, as for the dump of the currencies that you hold, this is expected due to a volatile crypto market, you must hold your coins until the market pump again, I advise you to buy when you find the market is dumping.

[tabas]

I have experienced the same thing, I sold tokens at a low price because the tokens I was holding fell drastically at that time I thought the price would not go up again but after I sold the token prices went up drastically and I regretted doing so. from there my lesson is no longer careless because I got a big loss.

Everyone has this kind of experience that we have regretted to sold at a very early time. If we can just take back the time, I'm sure that most of us would be patient enough and won't sell even at the saddest days of the market that shows a lot of drop from time to time.
Because we have realized and experienced that it's not going to be down forever and there's always a recovery trend.

[perfect999]

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.

There are tons of manipulators in the world, that is not a secret, they have tons of money and they do everything in their power to make sure that they never lose money, even if they end up at the wrong side for a while, they will use their money to find a way to bring that price back to where they want.

If they said btc will fall and it went up, they will use all their power to bring it down, if they said it will go up, they will use all their money to bring it back up. So at the end of the day these people do exist and that is not a lie or a secret. However one thing is for sure, we are talking about crypto here and in crypto world we combined have as much power as they do, we can get our voices heard as well, with all of us acting together we have a bigger voice than just one whale.

[Danslip]

I have experienced the same thing, I sold tokens at a low price because the tokens I was holding fell drastically at that time I thought the price would not go up again but after I sold the token prices went up drastically and I regretted doing so. from there my lesson is no longer careless because I got a big loss.

It is good that you learn from your mistakes so that you do not commit them again, as for the dump of the currencies that you hold, this is expected due to a volatile crypto market, you must hold your coins until the market pump again, I advise you to buy when you find the market is dumping.

It is really good to learn from our mistakes, it is not necessary to make any mistake, that is why everybody here is making some mistake, however as l said it is more important to learn something from it. Nowadays BTC has decreased to 55k, and it affects also the price of other currencies. However, it will change in the near future, because BTC has reached 45k and after two weeks BTC reached 60k.  No doubt the history will repeat, we should not sell our currencies in this situation.

[Dexion]

Maybe for people who are accustomed to crypto when there is dumping will not panic and rush to sell existing assets before the losses get worse, even though in the pace of the crypto market this is a common thing, it would be nice to keep your emotions in check and watch the market, if indeed it is not possible to get up, just sell half of the assets while monitoring who knows, there will be another pumping of the assets you have.