I used to get worked up over a loss in cryptocurrency not until I realized that these losses can be mitigated using the right investment strategy.
Investing and holding a coin is not the issue here, the issue is knowing when to sell.
The most successful investors are those who know when exactly to sell.
And to do that, one need doses of patience so as not to fomo and sell at loss.
The difference between the rich and the poor is simply the ability to know the right time to sell.
Yes, the timing of buying and selling is important indeed.
Without the correct timing, you cannot sell your coins with the value higher than you buy it.
Also patience is important too. If you are impatient, you can follow the fomo when you see some coin pumped, and this is not a wise move.