Everyone who conducts crypto trading must already have principles and know about profit or loss. My principle is that I will never sell when I see the results will lose, I better hold when the coins that I have bought are decreasing in price (holding is not afraid of losses) but part of the strategy. And I will sell when I increase, although I will definitely sell a little. Never be afraid to experience a loss, because loss is one of the risks in trading. But you must have a strategy.
Okay, I got your point. You simply do,
"Buy low, sell high".Holding it when you know you will gonna be deficit and wait for the pump until you get back the loses is somehow effective....for some! Because I must tell you, last year it was the longest bear market. I bought btc at high price then and I know patiently waiting is the best rule here. I failed at that part. There are times I needed money and I've withdrawn my fund not able to wait for the pump. For I know, I have losses that time but at least I have learned what a trader must do. HOLD and keep HOLDing.
But I have a question in my mind,
"Have you ever bought some coins at peak and then you've been tired of waiting because until now it doesn't move up?"
Because I do. With EOS. LOL.
Holding can also be a losing strategy. That is, you buy at the highs and hold; the project dies, the asset price falls, then the asset is not traded on the exchanges;..
. The trouble is that it will be with many projects.