Hey base on the post I read today many people are hesitating to sell and panicking because of the bitcoin downfall that is happening today so I will just make this short and helpful (note to traders and holders that will comment here about my topic, that my top ideas is just basic but remember that we still have those people who do not understand this well)
HOPE THIS WOULD HELP PEOPLE WHO ARE PANICKING AND THINKING ABOUT IT TO MUCH.
1. Do not panic when market value is decreasing
2. Do not even think of selling you bitcoin or ethereum
3. Do not think about it to much, why? because it will rise like before it got really high and for that a man got a car ,a luxury to point that out. So maybe like him you will get rich BUT in a long term situation
Edit: additional. So, I suggest you go and hold next thing you know your might get rich
FOR INVESTING OR TRADING:
4. DO not invest really high that you can lose (DON'T INVEST WHAT YOU MAY LOSE)
5. study the past history of market value ( when holding or investing and even trading)
Exactly! One thing that I did not do in the past during my early days in cryptocurrencies is that I never studied the history of their market value and the cycles where the bear and bull run are happening. Also, I admitted that there is a part of me that I am a little bit panicking when the market goes down. I would change my perspective about that and will hold it for the long-term and gotta buy more during the dip. I only invest what I could afford to lose.
Just my two satoshis.