Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?
I know newbies are always scared whenever bitcoin is dumping, whenever they are at loss, they do end up panicking and selling it, all what newbies want is immediately they enters the market, they should be in profits immediately, but they don’t know that things doesn’t work like that, sometimes you will be in profit, and sometimes you will be at loss, so when you are at loss, the best thing to do is just to hold your bitcoin patiently, with time it’s going to bounce back, you shouldn’t be in a rush to sell.
If am in your condition, and I already sold half of my investment, and bitcoin keeps on dumping, all what I will do is to reinvest the money which I sold the bitcoin, I know am getting the bitcoin at a cheap price, and I will hold till bitcoin bounces back.
We all have been into your shoes, and we are at once lose some of our future profits as well. But instead of regretting, I think this should serve as a reminder that experience will harness our knowledge and skills as well. Losses are inevitable in an investment, but if we don’t find smart ways on how to overcome it, you will keep losing even in your next investment.
My advice is never panic but keep hodling your coins patiently. Dumps are just temporary, eventually we will see another price increase later in the market.