So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
indeed in practice we will do as you say. but you need to analyze well and need patience in taking action if you want to invest in any coin. because when we come down, if we are impatient and panic, we also can't solve the problem. I agree that everything must be well planned.
Coin selection is a major factor for long-term investment or trading. for me if we are not smart to choose, we will only be trapped in the type of coin that eventually becomes trash. This is not very good and it will only make our profits decrease, so don't waste your assets on investing in coins that have no potential
actually the main point in investing is to refrain from being patient and not panicking quickly. if we can invest it, then we choose what potential coins to invest or trade. we can see the profile of each coin in the many predictions available, to help analysis before we execute what we are going to do.
Please remember that not all of our actions will always be successful, otherwise we will trigger boredom because of hopelessness in our actions.