cryptos are not for holding, they are for trading
It depends on choice and skill. Some may have bought BTC at 1200$ and sold at 200$. Basically anything is possible.
i have bought and sold more waves than you will ever touch. been a very profitable coin for me. but fanboy bag holders like you can't speak that language. so stfu.
Some talk because they know, some talk because the think they know, some talk because they want the ones that don't know to do stupid things.
Since nobody knows nobody, people assume things. Usually they are wrong.
Good to hear you guys are such great traders, but keep in mind that most are not.
Some buy and hold, hoping for a good rise over years. Some buy and hold because they don't know how to do better. Some are just fanboys.
What I don't understand is.. if you guys have trade so much and earned so much.. why are you still here instead of being on your yacht enjoying your earnings...
As a person that's done both strategies. The buy and long term hold has done me far better than my best active trading with 1/10 of the stress dealing with constant fluctuations. If the facts of the project makes sense and progress is being made, there is no need to worry. I use these panic dump opportunities to buy more and average out my costs. It's also important to consider that there is a lot of manipulation that is done in order to get people to panic sell. The manipulators then drive up the price again and repeat the cycle. However, the more the trading volume increases, the less single manipulators are able to influence the price.
What's key is to understand what's driving the downtrend. Panic sell = Good opportunity to buy. Long term downtrend (Lisk is a good example of this as of the current moment)= Sell.
Consider an active trader that bought ETH at $1 and sold at a spike to $3 vs. Someone that bought at $1, saw the price decrease to 50 cents, but still kept holding till now. Who ends up winning?
