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Quote from: topman21 on May 31, 2022, 07:43:01 PM

I bought and invested about 20 to 30 coins. But the market has moved to a position where as soon as I open my wallet I see that I have lost a lot of money.At the moment I can't sell any coins on my own. Because I have a lot of losses in all of them.In this situation I am living my life very badly. I can't sell anything in thousands of such situations.

This is a typical mistake of a beginner who did not sell at high and now does not want to sell at a lower price in order to fix a loss. I think that every trader has found himself in such a situation. This problem is solved only in two ways: either you continue to hold the coins, hoping that the price will return to the previous one, or you sell if you think that the market is in a bearish trend.

Those are the only options that he has, however when I read the post he mentions that he has invested in 20 to 30 different coins, which tells me that most likely he has invested mostly on shitcoins, and if this is the case then he needs to sell now as it is incredibly unlikely the majority of those coins is ever going to recover, as even if the concept was good and there were honest developers behind the projects, very few of those coins will survive and make it to the next bull market.

Doesnt really need to have lots in your portfolio because quantity would be useless if it doesnt really have that quality of those projects/coin that you are investing on thats why its a
bit useless of doing so because even if you do have hundreds but still not really that good for you to hold for long term because it doesnt really have that kind of potential and relevance
for long runs which means that it would be somewhat useless or pointless on doing such action. Invest on projects which you do seem that it would be good and not just
hurrying yourself on accumulating lots.

The current bear market makes all coins experience a drastic decline, it gives us the opportunity to buy the coins we want at low prices.
And also something positive if we decide to invest in several coins and not just invest in one coin. But it's not a good thing if we invest
too many coins, especially since most of the coins we have are shitcoins, it will only make us lose money faster. Because shitcoins are often
difficult to recover and even some shitcoins become scams because they are abandoned by the development team. The best thing is that
we invest in some altcoins that have potential and it would be better to invest in top coins. Maybe 3-5 coins is enough for me, so for now I only
invest in Bitcoin, Ethereum and BNB. And I am quite satisfied with my choice of coins, because based on the results of my analysis the three coins
can provide large profits if I hold long-term.