While holding your coins, you should know when to sell the coins because we can not hope that the price will increase, especially in the future. There will be a time for all coins to have a correction and when the price gets a correction, that means the price will go down and many of them are drops too far. At that time, many people will panic and you must hold yourself to sell your coins at a low price because that will not profit you. It will depend on what coin you held from a long time ago and unpredicted the market itself.
When you are holding for a long period of time, like let's say 10 years at least, then the price drops do not bother you. If I decided that I will become a trader and bought at the bottom and sold at the top then I would do that, but as a long term holder the drops do not bother me. People say things like "but you could have sold at 68k and bought back at 45k and make so much profit!!" and that's true, but if I did that daily, bought at daily bottom and sold at daily peak and kept doing that, I would have made 10x and even more a year, probably closer to 100x if I hit it 365 times a year once every day.
I know I won't be able to so why would I worry about missing the big one, when so many people did, and I am not even a trader? So long term investors just focus on buying once, hopefully at a low price, and then sell once, hopefully at a huge price.
Exactly what you said. So it is about our decision to become a long-term holder or become a trader and we should know that every decision that we make will have risks behind that and we need to manage or anticipate the loss that may come after we execute. I have some coins that I held from a few months ago and I did get the very lowest price because, at that time, not many people bought those coins. With the price increases, I am not selling all at once instead sell for some amount to get my initial money back. And I can use that profit for trading if I want or withdraw the money.
Hopefully, people can learn before becoming a holder or trader and know how to minimize the risk. The market will be the same and that will depend on how we can adapt to the current situation.
