to much emotions.
If you were in it for quik profits, you should of sold everything, if you're a long term holder, you shouldn't even worry about this, go on with your life and once in a while check prices, dont worry about that shit to much.
Good advice. It's easy to get emotional, and the worst thing anyone can do is panic-sell. For long-term holders, don't worry, everything will turn green again. If you have the nerve and the ability, you can sell and re-buy lower; if you don't want to risk it, then just hold instead.
There is better to come, but always remember - the higher the prices go, the more the drops can hurt. If you had 10k and it's dropped to 5k... then if the next bull takes you to 100k, a similar % bear means a drop to 50k. The higher the ride, the stronger the grip required.
But everyone is expecting a big decline in August.
How can we know if this is just the start of a bigger fall?
We can't know. Is the Bitcoin civil war fully priced in now? I'm optimistic that SegwitX2 will prevail, and the bull will return shortly after July 21st... but this is only my uneducated guess. And what about ETH scaling? Will the price continue to fall until Casper? Or past then? Or has the recent whole-market drop relieved some of the ICO insanity and eased the pressure on ETH? We can't know for sure.
So if we can't know whether or not the decline will continue, we have a number of options:
a) no risk - cash out to fiat, forget about cryptos for a while and maybe come back later;
b) risk and reward - if you think prices will continue to fall, then sell and buy back more at a lower price, and repeat until the fall is over;
c) long-term hold - if you have faith in the long-term value of your coins, and don't want to risk short-term trading, then just hold, and stop checking the prices - dips come and go, crypto is volatile.
Personally I'm c with some b. I've increased my total coins during the drop, but not by a huge amount. I could have increased my stake more, but only if I'd taken more risks.
