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?
Thats altcoin for you, and that’s why I don’t encourage people to invest in altcoin, the only coin which am always confident of whenever I invest in it is bitcoin, I know no matter how bitcoin price drops, it’s going to bounce back even if it’s going to take time, but some altcoins might never bounce back after dropping, and some coins are always real which you will be confident in them that they going to bounce back even when they are dumping, but don’t be surprise that they not going to bounce back, have seen different altcoins do that before.
Whenever am holding bitcoin, and the price keeps dropping, I don’t always panic, because I know it’s going to bounce back, but if am holding a altcoin, and the price is dropping, am always cared because anything can happen to the coin, it might not bounce back.