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Time to hold crypto asset because it's dumping as usual after buying. Bitcoin cash price still below expectation and taking long time for a single dollar worth profit. Had aim to trade but the down price value not allowing to trade and right now selling will be a sure loss so holding is better. Always holding doesn't worth it, suppose you bought a crypto coin and it constantly dumping and you already holding it for a month but it not even hitting back the buying price value of it.
And suddenly one day you just made your mind to sell it for a dollar profit, now think! Is that one dollar profit worth waiting for a month? This happened me many times even I sold for a loss because I couldn't afford the hold that bring nothing to my funding. Long time holding isn't my thing and usually failed. Wanted to trade crypto for short time to make at least small profit but market doesn't always allow the trading plan or pattern we set.
The crypto trading update is as always, either hold or trade for small gain. Right now waiting for pump and observing coin movements. Bitcoin price was $71k plus in last 24 hours and now it's below $70k, you can imagine how Altcoins are performing. Thing that make me frustrate is, the asset value I've lost was 3x and it could take years to recover. To prevent more loss tried to hold stable coin but that's not the solution of crypto finance.
When I'm holding stable coin, I'm losing the chance of recovering when the coin will pump, but this is just a potential or probability. But sake of regular trading we need to hold some stable coin always in our wallet. Everything is required in a moderation like holding crypto coins and stable coin both are important but keep balancing them properly is the mastering over crypto trading. Smart trading makes us gainer when market hardly follow our plans. Let's see what happen with my recent investment.
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