I’m new to the crypto world, I have some bad experience yet but I’m being educated little-by-little, based on my experience here in crypto world. I notice that some users when they see that bitcoin and ethereum coin had a very bad drop, so does the token, they are selling almost 70% of their holdings of that token. And I have experienced that when the market goes down, so does the token doing some panic sell. May I ask, is it advisable to sell the tokens you hold, when the price of your token goes really down?
If the price of the coin you bought already lose more than 20% then just hold it because once bitcoin make a sideways movement, altcoins would have their time as long as it is a coin that has a large volume and has a potential to increase in the future because it has an actual use. Altcoins have a tendency to go down in value when the major coins which are the bitcoin and ethereum goes up or down rapidly because the traders wanted to join the ride if the coin increase or want to secure their money and exchange it to fiat temporarily or tether and buy lower so that they can have a higher amount of coins. If you weren't able to sell the coin when it has a higher value then better buy more of it to average down.
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