@beachbuminvestor seeing RED, as profit taking WANKERS lead a panic sell.

I stacked in pretty hard when the overall market cap dropped to US$100b. At this point, I've taken about a 20% overall hit and a 6% hit on additional investments since last night (Aussie time)......or have I. No, because I haven't sold anything.

It is important to remember that the market will likely go up AND down from the point you buy or sell. It is almost impossible (unless you are Hive account@financialcritic) to pick exact tops and bottoms of any market. Over a long enough time frame you will more than likely be right and wrong.

The best piece of advice I can give to any newbie is NEVER SELL AT A LOSS. This might sound stupid, but I personally believe that holding until you hit profit is the best way to show consistent returns, and even hope for a correction so you can accumulate more coins.

So if like me, you did this week's budget a little early (no buying for me until Thursday now). Don't stress. Go for a surf, take a walk, catch up with a friend or family, do something kind for a stranger. Because market confidence will return, when I can't say, but blockchain tech is here to stay!