The performance of the market is sometimes good and sometimes bad, which confuses many coin friends. Some hope that the market will fall again so that they can buy at the lowest price, but it often goes against their wishes;
Coin friends with full positions hope that the market will rise quickly, but if the market does not rise for a period of time, they will be heartbroken to sell their stocks once it falls.
There are two main reasons for this anxiety:
1. Coin friends with empty positions are worried about missing the good opportunity. They are worried that once the market soars, they will miss the opportunity if they do not build a position.
2. Coin friends with full positions, especially those holding altcoins, are worried that the price of the currency will return to zero. Once the price falls, they will lose all their money.
Based on my ten years of experience in the currency circle, I give two solutions:
For coin friends with empty positions, it is recommended to use the left-side position building method: divide the funds into 5 equal parts and place orders at different support levels. Even if multiple orders are received, the average cost will not be too high, and a slight rebound will make a profit.
For coin friends with full positions, if the currency in hand has applications or large institutional investment, it is recommended to hold and lie flat to wait for time in exchange for space, and do not sell easily. If the currency you have is of low value, you can consider selling it for more valuable currency.
