I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.
Do we expect another deep soon?
what is your intake, please be free to drop your comments.
One this is for sure after a pump there will be a dip. Not all the times those coins will just pump and if it happens that the coin you bought dipped you don't need to sell it for a loss because it will eventually grow back or even more. You should learn to control your emotion in this kind of market because it does not work on our side. If you saw your portfolio in bloodbath then just hold it. That is why it is necessary for us to have TP or at least set a Stop loss. Besides, I think this correction is healthy for the market because this creates an opportunity for everyone to procure more and push it to set a new ATH.
You are right about not selling at the lost price but it also depends on the coin in particular and in the season we're where the market can suddenly leap to any trend, invest in centralizing and a high manipulated coin is never a good thing and I dont him selling his EOS cause the coin is among highly manipulated coin. However, it invests the amount one can afford to lose is the best investment decision whenever the market is full of doubt.