Last 2 days I bought for about some cheap coins and it went down for about 5% or something and I decided to sell. And now, I am at full regret that all of those coins are now up for about 20%. My lesson for that is to be patient since the market was down for some day and it will always go back up.
LOL, man, 5% is nothing on cryptomarket. 20% is not big result too. You should make some order for fixing your profit (+25%,+50%,+100%) and forget about it.
True. 5% down is nothing if your are investing in crypto market that is the most volatile market among all other asset markets. I had invested in January month of this year 2018 and my portfolio currently is down more than 60%. Still I havent sold even a small part of my coins.
I am holding my coins past 3 months and will continue holding until I earn significant profit from them. Patience is all you need, cause you never know what you 5% loss will turn into 100% profit or even more. So just HODL.
and if 5% down, we can expect to reach more than 20% of the minimum profit if the price increase together. I am sure once every coin increase together, we can see that our profit will bigger than our lost and we can make a lot of money from the cryptocurrency. and like you said, the best thing that we can do right now is just waiting for the price is back to increase and if we still have another budget, we can buy back that coin and we can hold it until the price increase again.