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The plan was smart but execution failed. The recent crypto price dump cause asset value reduction and It's around 100 dollars reduction this time. It's not coin that cause the asset value reduction, it was my personal decision that cause this. Holding could be longer than usual because there is no sign of pump at this moment. Bitcoin price is again bellow $70k and Altcoins showing the dump it mostly found. No more coin switching but one thing I've learned that holding stable coin is the best and wise as dumping isn’t rare.
Right now away from trading and market observation because sell order already set and it shouldn’t be change. This is personal holding and trading strategy, it has chance to work if suddenly crypto market shows some green sign. This is not something impossible so holding patience can help recovering the reduction and past losses. This down isn’t new and expected for the coin I bought to trade or hold. Sooner or later It'll pump so giving crypto market space for it.
Next plan is sell and It'll be executed when coin price will hit the desired price value. This is not the time to get desperate because it can cause regret and loss. The crypto coin I'm holding can be useful in two ways and that's why I choose it as my coin. What are those two ways? One, I can trade it or transfer it somewhere I can invest it for more asset and two, I can trade it when market weather is following my plan. Currently aim to trade instead invest it somewhere, It's plan B, if plan A of trading not work out.
When crypto market cause anxiety, better we focus on something good and wait for the pump. The plan I made was smart but unfortunately the execution goes wrong, as a result trading goes to pause mode. 100 dollars reduction is really big and unexpected so waiting is a must. Waiting for better days in crypto market.
Thanks For Stopping By!!