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?
If you invested little percentage of your net worth, you wouldnt be worrying too much about the price that is down right now. Next time if you want to invest, go with as little as 1% to 5% and not more than that, so that no matter what happens, you wouldnt feel bad about it and you will also be able to hold it for a long time till you get profit. And always have backup, keep some coins in tether and have some fiat in case
Yes it is right that we must be able to divide the portion of the investment that we have. Don't invest too much because as we know that the risk of investing in the world of cryptocurrencies has a high risk. Share some of the assets we have and make a safe limit to something with our abilities. Don't overdo it and don't be greedy, we will get satisfying results when we can make the best decisions possible.