It's always hard to not see a dip in price as a loss.
Even if you planned on holding long term, you see that USD conversion go down and it feels like a loss sometimes. It's hard to see any crypto as 1 X = 1 X.
If it's something you truly are invested in long term, and you believe in the fundamentals, it's still not a loss until you sell at a loss. There have been countless opportunities to lose money on BTC for example, some of which I've taken! 🤣
"The most important thing is to keep our emotions in check and to try to put things in perspective in order not to overreact."
I completely agree haha!
It's strange that when you're invested into something, you become so sensitive to it that even the basics such as 1 = 1 are hard to hold onto. Even if you believe in all honesty that a certain coin will be a excellent long term hold, a dip can cause you to second guess yourself. Regardless of your TA or choice in coin, if you have no self control and ability to stay somewhat level headed, then you'll still end up losing money more often than not. Simply from quick decisions. The world of crypto is crazy haha!
For Hive, it's especially perplexing because more often than not I am holding less Hive than I have HP. When price dips, I don't care about my Hive Power, that's something I want to have there as a utility. But I'll sweat the details over Hive price, even though they are the same value at the end of the day.
I can't say I'm good at following this, but that's why I always try to and recommend to have a some stablecoin or fiat on the side to get in on dips when you can. Even if you're DCA'ing I feel like it's good to have some of that DCA go towards dip money if possible. Anyway, you got me on a rabbit trail of thought now haha!
Thanks for sharing!