We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.
If youre at the losing position what is the best thing to do?
When you are in the losing position, HODLING is the best option. You need to exercise some patience for the market to regain itself back. There is no market in the world that doesn't have challenging of up and demand because of demand and supply.
for a holder, of course taking the option to hold down when prices fall is a common choice and recommendation, but for short term traders certainly hold not a good choice, because they don't know how long prices will fall and recover. Another option for a short term trader is to find a price that is high enough for a cutlose