Quote from: Ndabagi01 on October 01, 2024, 09:09:53 PM

Quote from: rak012 on September 25, 2024, 05:37:10 AM

Since we are holding some crypto, we are afraid of another big dump. Sad

So my question is that What should we do at this moment as a small traders? Should we sell all the crypto and wait for dump??

No you shouldn’t allow fear and panic to cause to sell your crypto in the portfolio. When a dump happens, the best thing you should do is to look for a way to increase your holdings in your portfolio. No one can see a dump coming and when you rush to sell, it becomes very risky for you to get that amount of crypto in your holdings if a dump never happens and a pump continues from that point. Don’t trade with fear, wait for when your portfolio is mature enough to sell your holdings.

I think panic is the product of our fear. We can also panic but not that we are fearful but we are positive and we are going buy.

Fear or selling is negative and negative is usually known to be wrong but it does not always mean that all positives are right, like for example when we are so positive that the pump in price is going to continue further.

Many people are like this, up to the point that they will only miss the opportunity of selling their cryptos. He might only be a newbie, for him to get scared of dumping of the price, so it is not easy for him to buy during it but if he will keep on studying the art of investing in BTC, he will eventually build his confidence.

In investing, we have analysis here which act like a guide to possibly tell if there is a pump or dump coming, though of course there are still times that our predictions can go against us, so we must only have a plan b just it case it happens.

If we think that a dump is coming and then the price is already nice for us to profit, I think we can also choose to sell if we need the money urgently. If a dump never happens, that is actually a good thing. It is not what you called as very risky. A continuous pump can be able to help us to get to our target profit real quickly.