You were right as with time market is bouncing back and it was expected as well, my loss is recovering and maybe market will recover to a point where I will be able to book some profit too although I did booked some profit yesterday but still I am in loss as a whole. Overall we must no fear the downtrend now because this time is the time to eat the tasty fruit we all were waiting for.
I mean this is the time to get our profits and this time has just started so we should not do early selling in FOMO because this way we can also leave bigger profits hanging. Spending time with family is really important I am glad for you.
Some people have indeed been affected by FUD and also panic selling due to the dump market that occurred at the end of last year. Moreover, with a fairly long period and a fairly drastic decline in market prices, some people have sold their coins and experienced losses.
Although actually, if it is not urgent, we just wait and leave our portfolio. because as long as the coins are indeed potential to go up again, then the chance will be in the bullrun peak season and altcoin season. It's just that if you need income because of special days during Christmas and new years, that's a different condition, but it doesn't mean to sell everything.
Now, we have been in the new era, new year, and market is getting better and better always there will be always such drop condition, but not too much.
Of course, one has to always remember that we are dealing with investments so market instability cannot be completely ruled out. Whenever one is pulled into a dilemma then and there should be a lot of reflection before taking any actions. Every phase contains some opportunities as well, though they may not be very explicit most of the time. Deciding to wait until the conditions are more favourable is a step that may be more fruitful in the future for the simple reason that the assets that we own may still have some positive upside. Of course, needs cannot be other than immediate and decisions made based on such priorities are perfectly normal. For it is possible to declare that in the beginning of a new year there are definitely opportunities which can be essentially concentrated to remain in a strategy which fits the aims.