I was hoping to get some advice as I am brand new to crypto and trading. So if I have bought an Altcoin or bitcoin at a higher price than it is now should I sell and buy the dip or does crypto not work like that? I am trying to find the best way to start making small profits.
Any help is appreciated.
Mate, if you sell your coins that you bought at a higher price than what it is now, I do not think you need anyone to tell you are losing with such trade. Where is the profit when you're selling a product below its cost price? There is nothing there and you will be losing.
It is best for you to just leave it there since you have already lost money, just leave it till things gets better. If you sell now the price might end up increasing and you will miss out on the opportunity to make profit. So, relax and wait. I have this same experience before and luckily I didn't sell them, because I didn't see the need to sell it. So, I continued to hold the coins until it increases.