The cryptomarket proves so volatile within the last quarter (3 months back) and for someone that has been in the game not more than 3 years back can also confirm that.
Seeing many fresh money being pumped and and new investors pouring money into their new word of adventure I felt a strong obligation to share word or two to them.
The first question you must ask yourself is, why did I buy this very asset in the first place?
Did you buy it simply your because you believe in the techie behind the asset, or do you just believe in cryptocurrency in general? Or do you just feel like like you missed the boat on Bitcoin, and now is your time to make a fortune, or do you want to test the waters?
Answers to this questions will be in either of this format...
You believe the blockchain will succeed, or you back a specific technology relevant to your investment, that will boom in the future.
The big problem here is every day good amount of mints goes in and out good coins and good projects, and this in turn causes the fluctuations in the market.
This is where the problem begins...
People get scared when the market nosedives, the advice here is don't follow the fools or "the crowd".
Distant your self from your monitor and the graphs until when you are ready to sell. Set time frames for each coin bought, at least choose the 3 months, 6 months or 1 year. Then check back on your investments after the elapsing of your timeframe. Otherwise you may fall with the flock and sell all your asset for no reason.
This explanations is what is termed as FUD (Fear-uncertainty-Doubt) in crypto. That is, You buy a good asset after your researches and all of the sudden, the bad news comes and you FUD'ed and sell off.