Post
Topic
Board Altcoin Discussion
Re: I was tempted to sell off altcoin
by
Maslate
on 04/03/2022, 12:49:45 UTC

Usually only newbies who lack knowledge and do not have experience make the decision to sell their assets, when they saw their assets drop
very far. That's because they panic and fear losing all the assets they have. In fact, if we study crypto properly, there is no need to worry when
we see our asset estimates decline. Moreover, the assets we have are potential coins, so no matter how deep the market goes down, it will
definitely recover. This is why it is important to first learn about the crypto world before deciding to invest in crypto. In order to at least understand
how crypto works, so we can be more patient when we know our assets are going down.

Most at time it is very hard to endure the situation out there, seeing that your asset is going down day by day without increased or multiplications so as a holder you will be threaten to sell to secure your funds but what i did you was to trade with it and have little increase on the volume of my asset.
When there is a significant decline, beginners will usually panic and doubt whether to keep the altcoin or sell it at a low price, usually if the altcoin held continues to decline some people will definitely do a Cut Loss to avoid bigger losses and that's why choosing the right altcoin investing is the main reason we need to do before investing, doing research before investing is what we need to do to avoid altcoins that are indeed free-falling in the market without the possibility of price strengthening again.


There's was a saying that you buy when others are in panic mode, that means you have the opportunity to buy an undervalued price because the weak hands panic, and these are the people who bought during the bull run or those who bought at peak not thinking of a price correction.