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?
One of the cardinal rules of investing in cryptocurrency is not to have an attachment to coins or tokens, regardless of how you found them or who recommended them.
You need to understand that the market is very volatile, one moment the coin is being hype, the next hour it is being dumped. Always be prepared to dump or cut your losses.
Only Bitcoin and the coins or tokens that are in the top 10 are worth holding if it’s a new coin or a coin that is not yet fully established. Be ready to dump it when the situation arises.