Hey 
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.
The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.
Therefore I still believe holding for the long term can actually help you .
True, you haven't lost anything, except the decline in the value of your assets, when you still hold it tight. But, most people who experience a decline in the value of their investment, usually will panic and tend not to think about the possibilities that can still occur later on. In a panic, people usually think shorter because they are afraid of losing everything.
That's probably the first thing that a person would think. Most of us doesn't know how to read the movement of the chart which will result into panic once an asset starts to decline slowly. I think a deemed lost is still a loss in profit especially in the altcoin market where most project tend to die quickly without being able to recover. There's a high possibility that you would loss the value of your asset.