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.
of course if investing in cryptocurrency we must avoid two rules, that is
1. never panic sell when the price dump, because you will lose your money forever, but if you hold it, then of course you still have a chance to make a profit.
2. never be a greedy, so when you invest in cryptocurrency, so you must determine the target you want and of course the target must be reasonable, then never change your target when you see the price increase very high, because possibility for the price could dump at any time.
*therefore I agree with you that we should not panic sell when the price is going down, because that is one way for us to lose our money.