I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.
That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?
A trader or investor must understand that there is no guarantee that the coins they hold will increase in value, even if the fundamentals of those coins are strong. The saying
"IF YOU HOLD, YOU BE RICH" is indeed encouraging, motivating holders to hold on to their coins with unwavering faith in the project team. However, some coins may disappear entirely due to the project being abandoned or the developers leaving. This is why risk management is crucial, we must have the right strategy to survive in the highly volatile crypto market today.