One of the most scariest moment in cryptocurrency is during the time when the market is in downtrend and the investors are not that sure or are scared of how lower their cryptocurrency investments will dump. Some people lost their entire investments during that time and some hodl onto it no matter how dip it go. Those that sell their crypto are at loss but those that hold onto it are not yet at loss once they have not sell it.
Switching from one project to another is one of the best idea most especially when the project is showing the sign of never recover and switching is the best way to cover the losses and make a profit from the other project.
Even though hodling is the best and simple means to cope with the Crypto dump, it does not work on every crypto project because at times, holding onto some cryptocurrency for too long is like hodling onto a time bomb that can explode anytime.
Although there are some firm project like Bitcoin, Ethereum, Hive and others that hodling up pay off at the end of the day when the bull runs in. There is a possibility that this projects will do well in the upcoming bull better than the previous ones.
For the little time I've been in the crypto space, I've learn that the best and easiest means to cope with the constant dumping of the crypto market and make profit in the long run is by hodling and it is the best to stick with the project we are familiar with and believed in even when they are at there lowest and wait till they recover back and not put our money in any coin we know nothing about no matter how interesting they may look which can not yield any profit.
Thanks for visiting my blog and have a wonderful day
