I’ve lost a lot of my money in cryptocurrency market crash this week, should I exit the market and accept that I’ve lost half of my money ?
Or should I hold it and wait that it might recover ?
[*THESE FEW QUESTIONS ARISES IN YOUR HEAD FOR MOST OF YOU RIGHT NOW*]
The recent Correction (not crash) in the Crypto Market has made many of you realise one thing, that it is just getting stronger. It’s a transitioning phase where its getting transitioned from Paper Hands(Panic Sellers) to Diamond Hands (Long term HODLers).
I understand the reason for Panic, but I’d suggest to HODL it as Crypto is going nowhere and I guess if you believe in it you wouldn’t have asked this question in the first place.
So, HODL if you believe and SELL if you were just into it for Quick Profits.
You bought x amount of coins.
You still have x amount of coins.
You are not losing anything.
Your coins are just worth less.
You can now buy more of them.
They are on sale.
If you don‘t believe in them when the market is down, you don‘t deserve them when the market is up.
The information provided is not financial or legal advice. Neither THE GLUE nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. The GLUE is not liable for any damages or losses from using or relying on this content.
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