In my opinion if the coin I still hold has not been removed from the market then I do not say it is a loss even though the price is already very low.
In my opinion, to overcome such a situation, it is better to hold on to the asset until it finds the best price later. but if you still have another balance then you should put it on a coin that has a better price potential to get a profit. i will deal with it like what i have mentioned.
That's right, when the price of the coin drops, it can't be said that we failed or lost. While I still have savings for my needs, I also never sell my assets when the price drops. If I do that then I will lose.
of course what you say is very true, then what needs to be understood in investing or buying and selling digital currency, at least in carrying out these activities we do not use money that has a need for every day or what is often mentioned Kitchen money. I think there is no defeat in this activity if we are able to manage the assets we have.
Managing your investment is he first priority that each traders must have when dealing with this business,
without the right knowledge you'll just keep seeing yourself losing.
Panic due to uncertain situation is mostly happened if the money that you are using is not planned to long
term investment, I mean if you are leaning your budget with the same capital.
You can extend your holding when you use extra money that purely intend for this venture.
People tend to create more losses than winning profits because the investment alone is not well planned. If you are planning to invest in something, make sure you have separate funds for that and not use the budget that is intended for something else. This is the reason why people panic sell because they expect quick profits in just a short time and once they see their investments prices were falling, they resorted into panic seling which will make them fall into huge losses.
If you are in an investment, prepare for its consequences. There are no guarantees when will make you profits but as long as you are knowledgeable on the investment you are doing, then i think you will be able to manage your losses with long stretch of patience too.
