Prefect time to invest now. I consider my self as still a newbie do you think low price would not go down at the very edge? i always panic once i see i'm losing .any advice except for being patience.tia
i would still wait a bit more to go down. practically all of my losses were just like yours - even if you go down 30%, there is no point in selling, because most of the time holders earn more than traders.
just forget about the prices and do not check them everyday. if you put too much of your money, you will start panicking, invest smaller amounts
I think the idea is that if you are not familiar with trading, technical analysis or know that you will panic, just force yourself and hold. Don't try to ride the dip or trade too frequently or you will just burn yourself. Trading is all about discipline, setting a goal and stick to it, often backed by clear understanding of the market.
But i think the whole cryptomarket is still bullish so you will be fine if you divserify. Just don't expect 1000% return or something. The market is also very volatile in nature, so even if you hold, don't leave it there and forget it. Try to review your holding every months to make sure you are still on the correct projects.
Tl,dr - invest amount that you can lose, don't be greedy, diversify your portfolio and don't trade too frequently unless you know what you are doing.