onecall123
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May 18, 2021, 03:40:54 PM |
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Price corrections is an integral part of market structure and price movement and it is not everytime that there is a dip in price that it is actually a dump, sometimes its just a period of Retracement before price continues its move in the desired market direction. So it is not everyone that you see a drop in price that you should panic and sell, unless you're making a conscious decision to sell and buy back at lower prices
Depends on how long you've been doing this. Some people truly around here putting money in projects they don’t believe in just because of quick money. If you are a newbie panic sell suite to you. If you are an old hand buy low and sell high. It's shift individual to individual. You don't lose anything if you don’t sell. Hold on to it, the patient consistently wins. Eventually that will be the new low. Keep buying the dips.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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adzino
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www.Crypto.Games: Multiple coins, multiple games
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May 18, 2021, 06:10:29 PM |
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Good advice which not everyone will take this advice, especially for those newbies who have just bought top coins like Bitcoin, Ethereum and BNB. I once made a mistake related to very bloody market conditions, where 95% of my assets were sold due to my emotions that could no longer stand to see the estimated value of total digital assets drop continuously. I sold Bitcoin when in 2017 when 1 Bitcoin was $ 18k, and regrets came 4 years later, namely this year, where 1 Bitcoin could be priced up to over $ 50k some time ago. I don't want to go wrong a second time and will still believe in the determination I have.
You should be one of those happiest person who sold their bitcoin during the bull run in 2017 before the crash. I am sure you made a lot of profit selling it at $17,000. Then why regret? Imagine how others that had to sell at a loss feel. The only mistake you made was (or not a mistake. You just didn't want to) not buying any more when the price dropped. Or at least buy something with your profit and keep holding it. It's not too late. You still have a chance now.
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cryptoknightt
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May 18, 2021, 06:51:13 PM |
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Acting like this is very hard friends. Most of the crypto players do not have secure funds in their wallets. They are more interested in buying coins in an all-inclusive way, this is a condition that makes panic, instead of wanting to get big profits.
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bamb
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May 18, 2021, 07:19:21 PM |
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This is a blanket advice for noobs! You need to tell them to buy bitcoin and learn how blockchain technology works and how it relate to bitcoin and Cryptocurrency in general. Investors can they hold from the position of knowledge. Hodl is such an important activities in Cryptocurrency. It help the Cryptocurrency and reward hodler!
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Papsie
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May 18, 2021, 07:47:33 PM |
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Yeah. Or else, whales are just laughing at you because you did what they really want you to do and fall to their traps of manipulating the market price. Always remember that market dump, correction and consolidation is part of how the crypto market is working. Basic concept of trading is to buy at red, sell at green.
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Hannahanto
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May 19, 2021, 09:45:59 AM |
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Oh yeah. This one is for the newbies and people scared of making loss. The more you panic the high chance you stand to make loss. Because with the fear and unstable mindset you'll go on and do what you're not supposed to do, maybe selling at the dip and making much loss. It's normal for the market to fall in price its stated in the law of gravity that anything that goes up must come down so its the same here the price do fluctuate unlike stable coin. Sorry even stable coins do fluctuate. So its better you keep calm till another bull if you're in a hurry you'll sell your loss and move.
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int03h
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May 19, 2021, 10:15:42 AM |
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A strong coin still has strong bearish potential, history has shown us Bitcoin or any altcoin in a bear market. A trader who has a plan and understands technical analysis knows when to panic because he or she knows when the market is really down.
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Papsie
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May 19, 2021, 05:42:34 PM |
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Yeah. Or else, whales are just laughing at you because you did what they really want you to do and fall to their traps of manipulating the market price. Always remember that market dump, correction and consolidation is part of how the crypto market is working. Basic concept of trading is to buy at red, sell at green.
That's right, and what you are saying is the concept of general economic law, so that people who really understand will always buy in red, and sell in green because that is the basic concept for making a profit. Yeah. It will just depends on how we will make technical analysis on the market so that we can maximize the pumps and dumps. I learned how to make signals and prediction when I started doing day trading and scalping. Sometimes there are mistakes on my TA but the important thing is to make profits daily.
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Questat
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May 19, 2021, 09:09:14 PM |
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certainly the dump was brutal and terrible, certainly i will not sell at a loss but perhaps i need to change strategy and diversify my investments as much as possible (more coins, more sectors) so as not to be caught unprepared by another similar event
That's right, but always bet bigger on bitcoin as eventually, bitcoin will be dominant again, because in the long run altcoins will struggle. What we have witnessed today is proof that anytime the market could turn into bearish from bullish, so don't get too hype with the FOMO.
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NorvsGanda
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May 19, 2021, 09:25:35 PM |
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I'd rather do the panic buying when there is a dump rather than panic selling. Panic selling will only give you regrets and tears of pain and anger because of losing your capital, funds and assets. Always equip yourself with enough trading skills, knowledge, reference, basis and resources.
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motun01
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May 19, 2021, 09:54:23 PM |
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Panic selling can be both a good and a bad thing, i know some people that hodl their BTC when it started to dump from 19k+ in early 2018 and they only had regrets in the end because Bitcoin did not recover that price again for almost 3 Years. So in a generally bearish market condition, it helps to minimize your exposure to loss, sell some portion of your portfolio yo avoid making a bigger loss if the market doesn't recover
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paxmao
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Do not die for Putin
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May 19, 2021, 10:24:34 PM |
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Quite a popular advice: don´t sell on the dump. The problem is that, if you take a look at what happened in the 2018 dumps, many of the coins never recovered, so keeping calm may only not be easy, but also not such a good idea. The way forward is to decide beforehand why are you buying a token, that is, having some idea of what would look like success and sell if any of the expectations are not being met. The price itself should not be the criteria to sell, if it is, it means that you haven DYR it correctly
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mamiko
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May 19, 2021, 10:32:14 PM |
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Panic sales are whales' favorite thing in this market. The investor, excited and panicked, wants to sell his coin because he does not know what to do. After making this sale, he will probably regret it. But the most important thing in this market is to be an investor who is cold-blooded, does not panic, knows what to do and has set a goal for himself. not everyone can do this. but we can learn this by trading.
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Saint-loup
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May 19, 2021, 10:58:02 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.
How do you know they are novice? Do you really think novices have enough assets to make a market crashing by selling their bags? People must do whatever they want, they don't need misleading advices. If they are convinced the price will go down, there is no reason for them to not sell, they will be able to buy back their assets at a lower price and then to make profit. And even if they don't want to buy back, they will at least avoid depreciation of the value of their funds.
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gribalenfeksiyon
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May 19, 2021, 11:27:33 PM |
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Panic selling can be something that happens to many people. you want to protect your investment. You don't want to lose your invested money. The reason for these panic sales is largely due to this. people don't want to lose their money. so it panic. but some do not panic and sell, then maybe they will regret it. because the decrease experienced may take a long time. And if you remember, the bear season lasted 3-4 years after 2017 and bitcoin did not reach its old price again. so panic sales can be considered both a good thing and a bad thing.
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Kez1817
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May 19, 2021, 11:32:57 PM |
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If you are not strong at investing in a volatile market then you will really panic sell if you see the market suddenly crash. That's why having knowledge about crypto investing is so important. You will regret if you lose a lot because of panic, it is better to learn more and try to handle your emotions. Otherwise the whales will be happy to buy your coins at the dump.
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ecnalubma
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May 19, 2021, 11:46:56 PM |
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It will be such a terrible action to only sell when the market is crashing. Some investors don’t realise how dangerous crypto market is that’s why if they witness massive dump they fear that they will lose a lot and cutting losses immediately for they believe that they made the right decision only if they’re just for long term perspective its not really necessary to panic like its the end of the world.
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nowfall03
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May 20, 2021, 03:37:52 AM |
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The correct approach is secure as much quality data in the most brief measure of time conceivable to make a respectable judgment. Coins can crash for awesome reasons. In any case, when you have a feeling that a coin is exaggerated simply sell and run in light of the fact that the landfill is consistently user dump and you can lose every one of your benefits
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TelolettOm
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May 20, 2021, 03:48:52 AM |
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The panic occurred because maybe they did not prepare for the big decline like now. those who panic selling will only regret it at a later date. as we know that the crypto market has high votality and must be able to be careful in managing money management. If you already have readiness I think people will benefit from investing. the decline like now should be momentum
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Angna27
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CRYPTOBLADES Octoblades 10.10
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May 20, 2021, 07:30:25 AM |
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Who wouldn't be? sometimes you can't help panicking because you're losing your money, your hoping for a bigger profit and then comes dumping, but then you're right when you know that it's just a strategy that others make you wouldn't give in easily. You will know what to do, while their dumping coins.. yours it hodl waiting to pump so that when the right time comes at the value is high you'll know what to do next.
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