I had invested into some altcoins when bitcoin were at 6000 dollars, and since those period almost all altcoins went down, i had resisted to cut my losses and i had hold it for a while, i had ignored altcoin value and follow bitcoin, since i knew altcoins would recover once price fall a bit. But i know is very hard to control emotion when you are playing with money and you are loosing as well winning, because our greedy make us take a risk we wouldnt take if were into similiar value into loss.
Depending on the coin one is holding, it is really hard to control some emotions but it is always best to know the best decisions to make because that is what matters.
My decision was totally different from the one you made and obviously better. After studying the market and I noticed there is going to be a huge dump at the long run since it was expected, I sold at loss and waited for a very long moment for the dumps to reduce and then I bought again.
Now, I am counting my huge profits than the few losses I made and still expecting even more from the pumps. It is always good to have a strategy which would always help you to make the right decision than being emotional.
Agreed, In my opinion, controlling your emotions is just the game of your very own mind. You can do it and did is not a big deal actually.
The only thing which you need to do is to make yourself understand this thing that there is nothing fruitful which you will get in return if you are going to make decisions and that too at the when you are not having control over your emotions. This is the thing which you need to learn first before stepping into bitcoin.
