In the crypto world, preserving your principal is essential to talk about the future. In the crypto world, preserving your principal is essential to talk about the future.
Many people end up losing not because of the market, but because of their stubbornness to hold on until the end.
💥 Once the market turns bearish, the first thought after getting stuck should not be fantasizing about breaking even, but rather: Can I still preserve my principal?
✅ Cutting losses before a crash in the crypto market may lead to a loss of 30% to 50%. It hurts, but it can still recover;
❌ Holding on until the end, waiting for the crypto market and altcoins to drop below the bottom means your principal goes down with it.
Please remember: If the principal is there, recovery is possible; if the principal is gone, everything is in vain.
A truly mature investor does not avoid losses, but knows how to cut losses and retreat.
