Patience is the key. Keep in mind that the market behavior won't be always in favor to your likings. The market itself, in thr first place is volatilr, meaning we cannot control and avoid dumps in the market value of cryptos. There are options such as selling and holding, depending on the likeness of the investor. One could sell out early but selling it is simply cutting down the chance of earning profit once recovery occur after a downfall( which happens a lot).
The acceptance of the truth is one of important things in all the fields not just crypto trading, we have no idea what's coming next in the market but we can't deal with any situation especially when we have a multiple straregies or plans, it is certain and true that the crypto world is unpredictable but we can take the right decision when the ancident occurs.
The market is unpredictable and all those expectations of personalities, perhaps, are nothing but mere opinion with their own biases. Ofcourse they are free to do so but believing or not will dictate what will you earn. It is a matter of luck and deep market analyzation that would determine the amount of profit one could earn.
Sometime this is very painful when we are expecting a very positive, a very aggressive market but suddenly we see the whole market have crashed and all panic selling start. Here is what we need to do,
- Sell our Coins and be safe
- Wait for a little bounce back and exit
- Let it be and remain Relax
If you don't sell you aren't in loss even when value drops, patience is all you need or you will panicked and choose the wrong decision, it's always a good choice to go for popular coins so that when price loss happens you won't be in worries, recovery is certain for top coins
This is right. The market value is the one that falls a lot but the amount of holdings or investment will be the same unless you used it to something that would require you to pay. Such thing should also be looked at as opportunity to invest and earn huge profit once recovery occur in terms of its market price.