I think it is stupid to sell now. You sell low, you lose your profits. Simple as that. Patience and not panicing is everything. Whales love these opportunities to buy now and are happy to sell you back your coins when the market is rising again because then your FOMO kicks in. Many people are stupid again at this point. It is literally free money for everybody who is not entirely stupid.
I also could be wrong of course. My portfolio is down about 60% over the last 2 weeks. But I didn't sell a single coin so far. I even took a small loan to buy some cheap coins which I expect to rise again after the next pump.
Who else didn't sell anything and thinks it will be the right course of action? Please elaborate.
i am sorry but this is dumb. and i disagree with most of what you said.
it may be a bad time to sell NOW, because prices already dropped a lot and some of them are recovering as we speak. but
that doesn't mean there will be any FOMO,
that doesn't mean they will rise back up to where you bought them at or to their ATH.
it simply means there is a small recovery after a big dump.
also you are making the biggest mistake of all times. you lost 60%! that is a huge amount. it is not something to be proud of, it is not even a correct decision to keep holding in a dropping market! and worst of all to borrow money to lose it!
i assure you majority of these altcoins won't see their ATH ever and for a couple of them it may take months and lots of pumping to get there again.
always sell when there is a dump starting. don't wait around and if you really believe in what you have invested in then buy back at the bottom.
as a bitcoin hodler i even sold some small amounts before the panic kicked in because i knew about the FUD and i am already setting up my buy orders.