there is no loss, there is only HODL.
Those words made me smile first. Very deep if you ask me. It appears to be a line but it is a whole story. Some people are carried away with failure only that they dont realize it is not going to last forever. Time changes and so will the situation.
If today was the day of loss, tomorrow will be definitely the day of profit. Therefore, one must not give up and hold on. That is why patience is given a great importance.
This strategy may be a good one only for a few of the cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash and a very few other. There is a large number of people who have experienced a total loss over the years now these currencies are nowhere on the lists and just vanished. I guess for a normal dip in the price people can afford to lose but if there is abnormal growth or abnormal drop then immediately go for the sale. Only dont practice it with Bitcoin because everyone know that sooner or later Bitcoin price will boost again.