if the coin you buy suddenly goes down, what do you do?
panic sell or hold ??
Depending on the coin do you hold if it would have a potential or just a signal of totally being dumped forever and become a shitcoin.Sometimes panic sell of cut losses do help but on some cases only specially on coins which is solely made for pump and dump scheme and this is always been the risk. If you do invest on a certain coin which do have a good volume then most likely i will hold up no matter what.
If you see the coin that it has a potential definitely you can hold for a long term. Because it is normal process that coin may go down or up. Yes it depends on the coin you invest, if it is worth it dont sell and observe the market.
And this is actually the hardest part on most traders or investors because we cant easily identify which one would rise up and remain strong in matter of months or years or in future.This kind of decision would really matter on holders faith in their stash.Just like mine there are several coins who are still on hodl even though they are dumping but im risking for the possible pump.Win or lose for me.