There's a saying in the Crypto space that you need to learn how to HODL. "HODL" was a misspelled attempt at writing HOLD by an early adopter on reddit and it just kind of stuck.
You'll no doubt see the term HODL thrown about a lot but the important part is why...
In a "normal" or more established market, the overall pie doesn't grow much. Mostly the increase in one share price is offset by other shares falling in price. In other words, the individual slices of pie grow (or shrink) but the overall pie does not generally grow rapidly at all.
In an emerging market this is not the case and with the crypto space, this is especially true.
What we're looking at here is the dawn of the new internet.
Crypto businesses will be the new Microsoft, Apple, Uber, eBay and much much more. They'll be the new Western Union, take over global remittances and still much, much more.
We're currently looking at a market that is infinitesimally small compared to what it could be in a decade (or even a few short years).
Imagine being able to buy into the tech boom before most people had even heard of the internet! That's where the crypto market is right now and that's why HODL'ing is very important.
If you've decided on an investment for the right reasons (you understand what they're trying to do and you believe it will have value to people or businesses). It probably will, and it may well be worth a lot of money someday.
But..., this is not the stock market, it's not the property market and it's not a savings account. We regularly see dips of 20% followed by spikes of 50% plus in the cryptoshpere, but one thing remains true. Good projects increase in value while bad ones end up being worthless.
My advice, pick solid projects based on actual real world use cases and for your own sake, learn to HODL
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