If you’re a new investor and you’ve reached this point in the market, seeing prices plummet and panic set in, it’s understandable that you’re thinking about selling everything. But before you make that rash decision, let’s talk about the truths that no one told you.
1. Cryptocurrency Market Is Cyclical
The drop you’re seeing now isn’t the end of cryptocurrencies. The market works in cycles:
Bull Market: Everyone is winning, and FOMO (fear of missing out) drives prices higher.
Bear Market: Fear dominates, prices fall, and those who don't understand the game lose out.
Remember: great investors buy on fear and sell on greed. If you are selling at the bottom, you are doing the opposite of the professionals.
2. You Only Lose When You Sell
The loss in value that appears in your portfolio isn’t a real loss until you hit the “sell” button. Cryptocurrencies have insane volatility, but data shows that over the long term, major assets like Bitcoin and Ethereum recover and reach new all-time highs.
So the question is: are you investing for the short term or for financial freedom in the future?
3. Strategy is Everything
If you don't have a plan, the market will swallow you. Before you sell everything:
Review your portfolio. Is it diversified?
Assess your time horizon. Do you need the money now? Or can you wait years?
Remind yourself of your goals. Why did you invest in cryptocurrencies?
If the answer is “because everyone was talking about it,” then perhaps the sale is an even bigger mistake.
4. Those Who Sell at the Bottom Are the Ones Who Miss Out on the Next Cycle
Look at Bitcoin's history:
In 2011, it fell from $32 to $2.
In 2018, from $20,000 to $3,000.
In 2020, from $64,000 to $28,000.
And yet, in each subsequent cycle, it broke new records.
If you sell now, what will you do when the market starts to rise again? Will you buy at a higher price? Or will you watch from the sidelines, regretting it?
Are you here for the short term or the full game? Before you sell your crypto, take a deep breath, review your strategy, and think long term. Big decisions are made in calm, not in panic.
Join the conversation in the comments. What is your strategy for the current market?