Red days like this are painful to see for almost all of us, especially newer crypto investors who just entered the space. The rest who endured last bearmarket probably are numb to this.
Many are shocked by seeing their coins falling in price and maybe start to sell their coins in order to maybe rebuy later.
It could be a good strategy if you're a very good trader, but the common joe like me am better off by holding. Why?
First, the bullrun hasnt started yet...there will be at some point.
Second: nobody can exactly sell at a local top and rebuy at the exact local bottom
Third: at some point the market will pump back hard, if one has sold at a loss to rebuy later, you might wait too long to rebuy and 'lost' the total digit amount of coins, when you decide to reenter the market
Ofc, all of this only applies to "good" coins that can recover. The way to play the crypto casino is to hold strong during bullmarkets and picking the right coins at the right time.
Sellers might see themselves rescued from a -40% loss, but they can risk a upside of +10000% pump when the market decides to come back.
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