The market finally came crashing down and all of your money has been washed away. Your gut is telling you that you should sell because you don’t want to lose anymore money. However, what you should be doing is accumulating more coins for the next rise or riding this wave of down trends just like you rode your new found money to the top. In the crypto world everyone is constantly trading trying to look for a new investment or quick buck. What they don’t tell you is that after a long upward trend of all coins there will be a downward trend.
These downward trends do not last forever but it sometimes feels that way if you pay attention to the price every day. The most important part of these downward trends is to never sell off. You will lose your money and your position if you sell, and this is especially true if you joined the upward trend mid-way through.
Stop looking for a quick profit when you’ve joined in on a coin with massive potential. Look for your new step and gauge where you want to sell off in the future. Every new high is the next step on your ladder to the top, and sometimes the these heights will make you want to climb back down. Hold onto your ladder and never leave your position without turning a profit.
The longer you hold onto projects with actual potential the more money you will make.