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
Remember one thing, if the price drops, you don't make any loss as long as you keep holding your coins. The price is dropping, but the number of coins you are holding is not dropping and still the same. So don't just panic when you see the price starting to drop.
1. Sell your coins when you see the price dropping but you you don't want to take any risks at all. You can buy them back when the price reaches the bottom and starts to rise back.
2. What if the "bounce back" never happens? You will be stuck with the coin forever. I would rather suggest holding the coin for long term instead of making an exit without any profit.
3. That is easy to say, but hard to do. Who is going to stay relaxed when the see the investment dropping 10%-15% per day?