I bought Cardano, Doge and Polka for a large sum a week ago and I have been patient with them. My money has gone down and I have lost more than $5,000. The market has dropped more than 30 percent in a week. What should I do?
LIVE
SAUD BIN ALI
--
🔴 Don't get upset or rush and listen to me carefully 🔴
If you bought currencies and are currently losing due to the decline, here are some ways and tips to correct your situation:
Don't sell at a loss: If you don't need the money now, wait. The market is always fluctuating, and it may rise again in the future.
Review your situation: See if the currency you bought has a strong project and future. If its situation is good, be patient with it.
Don't add more: Don't try to support the currency by buying more now. Wait until the market starts to improve.
Learn from experience: Analyze why you entered and what mistake you made (such as entering at a high price or without a plan). So that you don't repeat the same mistake.
Think long-term: The digital currency market is volatile, but if the currency is strong, long-term investment may be better.
In short: Be patient, don't sell at a loss, and don't add new investments now, and focus on learning and planning for the future.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.