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I don't follow it either, I have even deleted the wallet I kept it although I can still retrieve it back if the coin's future becomes bright. I've been regretting my decision on holding the coin .lolI did same with it. I don't even follow it anymore.
This is why I'm always holding only the outstanding coins. I can't just trust these other coins to survive any issues with the crypto marketBear markets cam be brutal and not all coins would survive. The best coin to hold now would be Bitcoin, Ethereum or stablecoins. Even those should have a stoploss at appropriate levels.
You're right about some coins not been able to survive the Bear season , my Reddcoin is a perfect example. Bitcoin recent fluctuation is now on another degree I don't think I can invest in it now there is a tendency of it dropping to $10kBear markets cam be brutal and not all coins would survive. The best coin to hold now would be Bitcoin, Ethereum or stablecoins. Even those should have a stoploss at appropriate levels.
What people do is to buy and hold for now and then sell later.You're right about some coins not been able to survive the Bear season , my Reddcoin is a perfect example. Bitcoin recent fluctuation is now on another degree I don't think I can invest in it now there is a tendency of it dropping to $10k
That's what most people do a lot, I still pity those who bought Bitcoin when it was around $40k , they will be regretting their decision for holding the coin then .What people do is to buy and hold for now and then sell later.
Yeah they are really losing now. You would need to be careful with crypto currency investment, it is one investment with high risk.Reddcoin looks very promising then with great potentials
That's what most people do a lot, I still pity those who bought Bitcoin when it was around $40k , they will be regretting their decision for holding the coin then .
Definitely, holding unto a crypto currency to be able to sell at a profit always need patience. People need to understand this and imbibe tye traita.That is if they are patient enough to hold on to their coin, the price margin is wide enough to discourage those investors that they will end up selling off their coins for panic sales. It Will take a great deal of Patience to hold on till the end as you've said @cherry123
Some risks are better taken while some are best left, not taken, It's good that you've decide your part. You won't have to panic whenever there is a massive Bear .I don't invest in crypto currency as I don't like to take risks nowadays.
You're right although it doesn't work in all situations.Definitely, holding unto a crypto currency to be able to sell at a profit always need patience. People need to understand this and imbibe tye traita.