Quote from: Gozie51 on January 06, 2023, 04:24:43 PM

Quote from: xSkylarx on January 06, 2023, 02:51:18 AM

People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.

Some coins are really shit that the bear time becomes the end of them so for this reason , it is not wrong to dump them during the bear season so that you don't lose all. Waiting for recovery for shit projects takes time not quantifiable but for bitcoin you are right, no matter the drop in the price of bitcoin it will still rise. Bitcoin has a history from the beginning and in when it dropped to $3,500, it rose back to a new and current ATH.

That is logical if you fully believe that there's nothing to wait and the project will die along the way, if you don't see any chances for any recovery then dumping during the bear is not a bad idea, you can use the money that you can get from dumping those assets to buy a new project that may have a better chance to pump back.

Being practical is the wise thing to do during the bear season. If you can sell and try to sort for another project to support might give
You have good opportunities to recover and make some decent amount of profits.