Most people end up selling at a loss out of panic...FUD!!!!
What would you do if you notice a coin you invested over 2btc ($5000+ ) begins to decline in price very fast?????
Me.. I believe in the future of Crypto, sooooooooo....I'll just HODL!!!!
What would you do????
How would i react?
Easy. Stay calm. And steem-on.
This is a trail I've already passed.
Remember 2014? A clear, consistent 1 year long DOWNtrend.
Then another year of stagnation, 2015.
Did I worry? Not even one beat of my heart. Have not sold even one single satoshi. Not even tiny fraction of ETH.
Because I knew this day will come. And the charts of 2019, 2020, 2025 will come
It is all measured by your trust.
My trust, that FIAT is doomed - is absolute. It is doomed.
It is only a matter of time.
Sooner or later. Amen.
Final advice:
Invest only as much, as you can loose. Make to believe yourself - it is not your money any more. It's lost. GONE. The same moment when you hit "SENT" on the remitance to the crypto exchange. If you can do this - the rest is EASY.
Everybody's selling??
BUY! BUY! BUY!
(Unless there's something fundamentally wrong with the asset) :D
Buy low and HODL high!
I find out the reason why it went down and if it isn't a serious flaw I HODL.
Buy more.