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.
