It is Bitcoin and other top altcoins that you will hodl, you won't feel panic about the market when it is on the downside because you truly believe that the market will bounce back in a matter of time, it is just about being patient, and trusting the process that you will recover from your losses if you refuse to sell your holdings.q
I believe before anyone goes Into investment they should understand the kind of asset they are investing on so that they wouldn't be that panicking when the market drops or changes in percentage, usually if investing in Bitcoin we should know that Bitcoin is for long term investment couples with its volatility. So someone investing in such coin should be aware of the market manipulation, volatile and sudden drop so they should be able to hold or keeps doing DCA to increase their portfolio.
I think everyone who is in investment will go through a phase where they will panic when the market is not doing well. That is a very natural thing because it is our first experience.
Yes, at least in my case, I also panic and just sold when I was early in the crypto sphere specially in Bitcoin. So I have lost a lot of potential profit but still good experience for me.
Well from there we can learn for the future where when the market is not doing well we have to maintain our own situation so as not to panic and if we are used to it then it will go away by itself, the point here is that experience will teach us a lesson.
And then after we learn not to panic, the next best thing is to really buy and DCA and then HODL. Sometimes it's really good to have this kind of experience to panic so that after that, we learn from it and then not repeating the same mistakes.