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?
I don't think there's too much to learn from this other then not putting more in then you are comfortable to lose, as there's no way of knowing if it's rising back or not. People who end up holding, and it goes back up will be seen as smart diamond hand investors, even though they wouldn't have known if they are losing their money or not.
And let's remember that with -95% drop, you need 1900% increase to even come back where you were. So if you really think it's going up, smarter option is dollar-cost averaging. But then again, there's a change you are wrong and you are just burning more money.
I've learned that almost anything can moon or crash, and fundamentals don't always have any part in that. And that you can't trust ANYONE knowing better, unless they are manipulating markets and benefiting that way. There's nothing wrong with cutting your losses or keeping on holding, but likely with most altcoins you are going to lose by holding.
I have also learned that TA seems to be more like mass delusion and full of crystal ball readers, then people doing actual analysis (which isn't that profitable when you try to cut risks in it).
I have experience with cryptocurrencies, and i used to watch everything very closely, but people seem to think that insight is more useful then it is. I would like it to be more useful, but i don't see how it could be.