Im new to the crypto world, I have some bad experience yet but Im being educated little-by-little, based on my experience here in crypto world. I notice that some users when they see that bitcoin and ethereum coin had a very bad drop, so does the token, they are selling almost 70% of their holdings of that token. And I have experienced that when the market goes down, so does the token doing some panic sell. May I ask, is it advisable to sell the tokens you hold, when the price of your token goes really down?
Yes perhaps its the best way to conserve your profit that way you will gain the maximum but the done side is that while you are doing it you are also helping the price decrease which is also bad because cyptic coins like bitcoin and depend on demand on supply and that's where there price are based on also the flcutuation caused by the small market affects the investors on forfeiting there investments as well. but i suggest holding on to it no matter what because long holds are beneficial we may not know that after the second you sell your coins it just burst out in price that's why in this business patience and knowledge are the keys to success knowing when to stop and when not to is essential.