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 absolutely agree with you. We shouldn't panic but follow our strategy and try to cope with our emotions.When there is a dump we don’t have to worry about mainstream currencies, but anyway it is better to sell off shit coins if you are not sure if they are likely to survive the dip. Of course whales are in a better position, as we sometimes really need our money and if this need arises during a bear market, we will sell for low prices.