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.
Panic is a bad move in investing, usually panic will make people wrong in making decisions, the habit of the coin will keep pumping at a certain time, but not forever the coin will be in that position, I don't think there is need to panic in this situation, need to prepare steps steps if this happens, so that at some point we don't panic and have a way to get out of the problem.
When a person is in a panic mood, he can make those decisions that will lead to a loss of profit. Many newcomers to the cryptocurrency market are very panicked and this does not allow them to control the situation with the coin they have chosen for investment. You should never panic, it is much better to think everything through very carefully and only then make the right decision.