I was reading few posts on noise.cash and noticed that a lot of people are in panic mode. They want to sell the assets and buy the FIAT. This way they think they would stay in the profit by not able to see the bottom. In reality things are different. And though the cycles that happen every now and then are often going to make many of us panic.

But is this the time to thrown in the towel and quit? Or is this the time to either buy or stay invested with whatever we have right now? Here's what I think about this.

If it's Centralized Blockchain then Think Twice

We have all seen what happened to Luna. Unlike other chains be it centralized or decentralized Luna has made a lot of progress too quickly. And they also fallen too quickly. Maybe it was a setup, maybe they did this on their own or maybe it's just what is meant to be. But people lost money nonetheless. And the thing the proved once again is the centralized coins are designed for exit scams.

Decentralized projects often have low price or consistent price which stays under the radar. And a lot of people prefer that because they don't want too much volatile movement during the market ups and downs. So it all comes down to whether you wish to take risk with centralized coins or stay with decentralized coins during the current recession.

Selling at the Right Time

We all know the equation - "buy low and sell high". And often we try to sell the stock of our crypto when the market is doing good. But there is also another psychological phase or say event that happens to people who are not whales. Like those people think my coin is in negative right now and it may turn out to zero in near future, so I should sell in these times and save myself from big loss.

This mindset in itself is going to cost a lot to many people. Because you can't time the loss, but you can time the profit, by waiting and holding. You know when market is up instead of speculating more, find the zone in which you are out to get your principal amount out of the trade. So the selling at the right time means you are in profit mindset and not the panic mindset. In short, this recession time is not the time when you sell your holdings.

How to speculate who will die?

Now crypto is unlike our stock market. Where the companies are not going to die overnight based on bunch of the market movements. Some of the companies stay low, under the radar, book low profits and move on to next year. Same happens for many crypto coins. Especially coins which are under 50 Ranks are doing good, may go sharp up and down but will stay within that rank if something overnight doesn't happen like Luna.

So we can't speculate which coin will die from here onwards. But we can see the signs. Like say some centralized coins will prepare the VCs and developers to exit when the market is going up for that chain. It is something I am learning myself slowly how a coin is often showing signs of rug pull or signs of say pure elite manipulation. But it is often an intuition than the prediction. Like NEXO and Celsius going down if this recession staying till December. But what the hell do I know? We will see.

I personally feel this is not the time to sell your top coins like - ETH, BTC, BCH, Hive etc. You should hold the top coins and then once market picks up sell or do as you please. Quitting right now is only going to add more damage to your portfolio injury.

What's your opinion this? Do you think it's time to sell crypto and quit?