During Dip, Mostly Newbies are Panicking

[TomPluz]

The ongoing big dip in the cryptocurrency market is going to be a part of cryptocurrency's history but I am sure this is not the biggest one and would probably just an ordinary one if taken from a long-term perspective. While old timers are just relaxing and just waiting for the market rebound, those who are new are the ones making some panic and that means that these people entered cryptocurrency with wrong expectations and without first learning the market they are getting into.

I am always surprised to hear people get shocked of the kind of volatility that crypto is offering to all and it is because this is not shocking at all. Just a mere review of cryptocurrency history will tell us that one of the biggest landmark of crypto is its ability to go down and up at a dramatic rate.

[robert20]

Yes i also agree with you. These newbies dont have much knowledge and belief in crypto. They are here to make huge money. But they don't actually believe in the future of crypto. So they start selling when they see big red candles and get more panicked. They need some knowledge of the crypto makret before trading.

[Malam90]

Not only Newbies but also like us who are 3-4 years old in crypto. Basically, most of the small investors don't care analyzing market. They rush to the bullish market if the price goes and touches to the moon but when price starts falling, they rush to sell in panic. Small investors should be more realistic and practical in trading. Market fundamental analysis is very important, only fund spent in a coin isn't ideal for trade. Hence, proper research on coins, taking appropriate time entry and exist, store 30-50% funds with stablecoins is very important.

[nicecrypto]

I understand that even though we have OGs in this cryptocurrency space that has seen all this happen to cryptocurrency price before, some of those people would have sold too even if not panic sell. I believe it is a strategy to increase your position. I one of the telegram groups am in, people were actually praising the supposedly paper hands investors that sold earlier or that we would say panic sold because when you look at it at the end of the day, they would have been able to accumulate more if they bought back in which I believe should be a true crypto-enthusiast mission for selling.
So sometimes, selling early during dips is not actually bad if your intention is to buy back.

[Doctor]

Don't be panic, I still hold my coin and believe market will recover again.
As many people said, crypto currency is fluctuative.
So don't worry about dip.
I have invested in crypto more 3 years, I think fluctuative is nature of crypto currency.
I see market is starting to rise again, maybe we will see bitcoin at 50K USD again, beginning June.

[KryptoBull]

Whales always know how to use media to create a big sell-off event to get paper hands investors to leave the market when sell the dip. It's a pity that they have given up on crypto, they don't have the patience to enjoy the strong rally and price increase right after this correction.

[tonymillions84]

Those that sold out were the newbies that joined recently. i strongly believe that people that has been involved in crypto since 2018 will never dump their token now due to the recent dump. it is because they have weathered tru storms and heavy terrible news that nearly crash the cryptocurrency and bitcoin. when countries and top business declared bitcoin illegal and many still believe.

[Traderbtcc]

Well for sure this bull run caught a lot of people's interest, people outside crypto were seeing the massive pump and gained interest in joining and most of them didn't even read out for the risk Involved or how does the system really works. It's so bad that there are actually the ones panicking and selling at lose, this is actually  a market correction, prices will still rise to the top again.

[gurunanakji777]

Yes, I agree experience traders or holders hold their nerves during the panic. Most newbies easily become victims of panic selling that is all because of lack of experience or knowledge but after learning a bitter lesson they will also learn to remain patient. This is how this market behaves and it's better when we used to such volatility.

[trauchot]

There is nothing to be done, since newcomers have no experience in the cryptocurrency field and therefore they do not know what to do when the cryptocurrency market falls, but we were also in their place and we also did not know what to do in the moments of deep correction of the cryptocurrency market, but now we know that after the correction there will always be another growth, that's why we don't panic anymore as before.

[Senin]

Yes. it has already been noted that, during the fall in prices in the market, mainly bitcoins were sold by persons who recently bought them. This is one of the persistent mistakes newbies make. In fact, it is beginners who bring profits to experienced traders, buying cryptocurrency already on a long rise and selling to themselves at a loss when the cryptocurrency drops in price sharply. I would like to know what percentage of these newcomers, who lost their money in such price drops, return to this market again.

[Freemind]

That is due to a lack of planning on how to invest, it is due to a lack of education in the crypto ecosystem. Something good and something bad comes out of that situation. The bad thing is that most of those newbies will sell at a loss, the good thing is that others will take advantage of it. In this way the market has organic growth, no pumps or dumps without any meaning.

[vegasus]

Actually, it is not only newbies who panic about this dip market situation. It is like a beartrap. I personally also was panicked when the price suddenly dropped very drastically in only a few hours. And the asset portfolio has dropped more than 50%. But I still don't sell anything and still hold them.

[gabbie2010]

Majority of those Newbie are into crypto to get rich quick not minding the consequences of price dump once the price start to undergo correction they hurriedly dump their coins and begin to paint crypto in a bad light, of course they can't control their emotions and they are at the losing end after dumping all their coins then the price begins to pump again, however I think it is normal for every newbie to panic except old investors who are in the cryptosphere fora long period that would not bother about any dip.

[Freemind]

Actually, it is not only newbies who panic about this dip market situation. It is like a beartrap. I personally also was panicked when the price suddenly dropped very drastically in only a few hours. And the asset portfolio has dropped more than 50%. But I still don't sell anything and still hold them.

The fear you felt when you saw the value of your portfolio decrease is precisely what whales want, you have so many doubts at that moment that you want to sell everything. If that feeling guides our actions, the whales will win and we will lose. As much as possible, we should put our emotions aside and have the mental strength to continue without listening to certain external messages.