Base on the steady market increase early this year, some coins increases times two but now it has falling drastically.
If you compare from early this year to just a few weeks on falling then your comparison is still not enough. Sure the price is down but if you can manage to find the opening to get right time to buy the coins then on any event you could get the profit with right analysis, but if you're long-term trader then you should wait a bit to actually sell/buy for safer result, of course do it with your own research.
Being able to hold for a long time is a difficult thing to do. I understand that it is the easiest way to make money if you bought at the wrong price and you want to sell at the right time, that would be great however we all know that it is not going to be easy for either newbies nor people who got into panic very quickly.
This is why I believe that the best thing to do would be making sure that people with lack of patience doesn't just do long term, if they try to do it, then they will quit half way there and it will cause people to lose a lot of money. This means we should be focusing on what they can do instead to make some money and teach them quicker methods.
Yes. The main problem that often causes defeat is when we feel that the coins we have are constantly decreasing. We are very forced to sell it below the price when we bought it, for fear that the price will continue to decline. Even though if we understand it well, it is common for prices to fluctuate.
It's common for the coin to fluctuate that's why you really needed to make sure that before putting your money you already
done with your research and you really analyze well how the project will proceed.
Without deeper knowledge the sure thing that you will do is to sell out of panic
when the market is triggering the downfall, fear will always accompany your journey
in this market, better to take the risk than losing your money if you know that there's
always a good chance that the price will bounce and will rally back.