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.
In the crypto space, bull and bear are two seasons which one cannot run or hide from, and where bull run is easier as people can create and benefit from good portfolio, bear tends to challenge your stand on coins you trust, thus the reason why a lot of people always dump at loss when the market is down. Also, currently, there are lots of good projects out there, and most people who failed to buy their desired coins and tokens at a good price, while leverage the bear market to build a nice portfolio of good projects.
In the same way, it is sometimes hard to advice someone to hold during a market dump, as such person seeking advice about holding or not might not have done his research on good coins and tokens prior to the market dump.
Thus lastly, holding good coins is very good as it will give the holder some sort of assurance that what the team are working on, is capable of making the coin in question to last long term hence with this, no panic selling during a market dump.