Post
Topic
Board Altcoin Discussion
Re: Is this a bad time for altcoins?
by
revilo
on 22/06/2021, 12:53:30 UTC
yes, we have to accept the current conditions, the market turned red and the majority of the coins fell. could there still be a benefit in the current state, for someone who still has money in stock, maybe they use this kind of situation to buy, and expect the market to go back up. but for the people who are already trapped, maybe they can just shut up and endure. It is also possible that they will sell their coins, because they are still afraid the market will fall even deeper.
Those who sell their coins for fear that the market will fall even further are people who do not have extra patience, because if they sell them now, they will automatically lose because they bought at a higher price.

It is not always about patience only, it could also be about necessities. Some have invested more than they can afford to lose. For them it just means calculating what kind of loss they can bear. Kind of like a mental stop loss barrier. If we reach certain points, some investors will be forced to sell no matter what.