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?
Facing losses are quite something common in cryptocurrency especially when you mainly invest in altcoins. The risk associated with altcoin does not make you escape losses even if you’re the best risk manager no matter how good you are at it. I have met with many losses in the past and it’s better to take small loss than big loss while giving yourself hope that the project will bounce back.
The best way to escape this is by not risking more than you can afford to lose, by doing so, even in loss and a probability of the coin pumping back, you’ll still be at ease and not want to take profit in a loss. Risk management is essential in altcoin investment, invest what you can afford to lose and when you’re in profit, it is better to take profit than hoping for a more profit when you’re already in one. Bitcoin is very unpredictable.