Most of "sheeps" sell on red days not to lose more.. But actually by doing that, more "sheeps" follow their stupid trend..and they all lose more! The key factor of success in trading altcoins is to keep them on red days! #long term investing!
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I guess some of the sheep have had enough when it seems there's a weekly dump though. I'm holding a mixture of long term and short term coins, but many of mine haven't hit previous highs for weeks now so I'm nervous about making any profit on them for ages. When you look at those red days it does seem like it's a race to the bottom!
If you are looking at shorterm profits at this time; you will lose big! Until some months after the hardfork, nothing will return to normal!
It depends. If you're a trader and can see that the floor has been breached, getting out of the trade and purchasing again at a lower price point can be a smart decision. Otherwise, yeah, hold.
Unless if you might never see that low again..after you sold ;)