The bear market has been killing everyone lately, espcially if you recently bought into coins such as ARDR LSK hoping for massive gains since it has almost dropped 50% from it's ATH. We have simply been spoiled by the fact that we are too used to 100% gains. Previously I have written on my first blog about Cryptocurrency that we should all focus on taking small profits every now and then until August because of the uncertainty in the market.
Even though the market cap has fallen from 102 bil to 78 in a short period and we are looking at most alt coins falling back to where they started. For those of you who are down a lot. Try starting a new portofolio, focus on the small gains for around 10-30%. You would be amazed by how much you make by the end of the year. I mean trading is a zero sum game. You could sell your ETC at $21 and to find it reaching $24 within the next hour. Yes it is frustrating, but don't forget as long as you are earning money that is fine.
Don't be emotionally attached to these coins. Yes it shows great potential, but if you look back at the charts most people are really buying at the low and selling at the high. Look at LTC, ETH, ETC, XMR for instance. In my view they are few of the most promising coins. However every time these coins hit an ATH it seems to go back down alot.
Final tip I have for yall today is hodl if you are really down now. Things may not look great now but if you sell you are guarenteed to lose the money. But if you give it time, things could turn around.