Would you rather starve than sell any of your cryptos for far less the amount it was when you bought it?
A friend of mine bought Bitcoin when the price was about $8000/1 now, Bitcoin is less than $4000/1. If it was you, would you rather sell off or starve when you don't have any other means of income.
This can be a very difficult decision and it is only if you really believe so much in Crypto that you will stay put.
If I was the one, I would sell off some of my cryptos, but I won't sell off because I believe so much in the Blockchain.
And I believe the market will get really really Green again.
This is the reason why experts advice people to invest only their spare money (money that is not needed). My advice to your friend is to go source for survival money outside of crypto, because he/she will be more bittered if after selling half, the market surges above 20k in the near future
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I think your question is a reflection of the fact that a lot of people didn't think before they jumped into the crypto investment game. These are very high risk investments, and it would be unwise — no matter how tempting — to be dependent on them for your source of income for living. What goes up so suddenly, must also come down... and if you look at a historical chart of BTC, you'll see that there were LONG "down periods" after each new spike to a high.... but I think a lot of people ignored that.
In my case, I would sell a bit at a time... and thankfully I have other works I make a living from.
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