It's true. Nowadays the market fluctuates again and many have faced losses, including me. I bought Bitcoin and some other altcoins when the prices were high and unfortunately they all dropped dramatically. The good thing is that I don't panic that much because I am confident that bull market will arrive soon, hopefully this second-half year. Of course enhancing our knowledge is a must and we should do this every single day.
We just lose if we sell them when the price drop but if we can still manage to hold them until the time it recovers, profit is not impossible. Unfortunately, it was not happening all time because most of the time we have been beaten up by our emotions and worries thinking negatively -" What if it never rises back?"
We have usually been fooled by our own judgments and decisions. To dumb to say but honestly, I experience losses as well due to emotions. And many people have been in this situation even though we know that after the corrections, there is always recovery.
Well, that can be said for those who are spot traders, but those who invest in future contracts will surely face losses if the market goes in the opposite direction from what they've chosen, the fluctuations cause a lot of liquidations for future traders and that is the reason why it's always advised that new traders should stay away from futures.
If someone buys a coin in the spot market, they got nothing to worry about since even if the price drops significantly, they will still have their coins in their wallet and they have the option to keep them until the price recovers back and gets higher than the point of buying so that they can sell.