Alright! you just fell in love with the blockchain concept, you went straight after do some research and you sat there waiting for the first dip to get in...You bought some good coins, probably more than what your risk tolerance can bear. At start your Blockfolio was showing everything green until the volatility kicked in...You start seeing blood everywhere...and you start panicking...Please Please, before you turn into a delicious panic seller for the whales, remind yourself the 10 following facts:
- Crypto is much more volatile than you can imagine
- Never sell a red position, never ever!!!! a 5 min spike can turn you back in green, been there done that
- These coins matter to you, you feel they are adding value to the real world, why sell them cheap
- Never ever keep your coins in an exchange, HW wallet my friend will help you sleep well
- Technical analysis can't help preventing the future movements, it is non sense
- No fear no greed, your SL set at -100% and your TP should be no less that 150% per coin
- Think of number of coins you have, Learn to love the dips and Hold for at least ONE year
- Keep in mind that Mass adoption is still at its infancy, lots of room to grow, I wouldn't be giving this advice in 2020
- Fat whales exist, their favorite meal is the panic seller, don't be one ;)
- you can short only if you are a fan of blackjack
There are lots of other good things to do in life, go and do them...Your crypto investments portfolio is safe as long as kept in cold storage and you back keys are well safeguarded. You will be rewarded for your patience sooner than you can imagine!!!
Good luck!!!