The more stubborn you are, the greater the loss.
Holding is not for your main money, but for an extremely significant amount. To hold, use amounts that you can wait years to recover or even lose, if that is the case.
For significant amounts, study the market moment, define the currency or currencies that seem promising to you, set a stop loss, and make a confident trade. You don’t have to be a nervous trader and run at the first negative point; remember that your stop point was already defined before your entry, so stay calm during the operation.
Forget those who say "if you didn’t sell, you didn’t lose" or "never sell your token," or even "it’s good that it has dropped to buy more to average down." This type of behavior is what leads people here to say they lost everything. RUN AWAY from the crowd of "IF YOU DIDN’T SELL, YOU DIDN’T LOSE." This conduct is only suitable for a few coins used for a gamble, never for your main capital.
Outline your strategy before positioning yourself and trade carefully. Remember that this is a market where emerging countries lead in the number of traders. Brazil, India, Iran, Russia, and South Africa are among the countries with the most investors. Don’t let some foreigners with the power to manipulate this market take your money away. Keep in mind that we are in a bear market, so ride the waves with timely buys and sells.
Even trading this way, you won’t have a guarantee of success, but IT WILL SURELY reduce the losses. And that is already quite significant.
Oh, and if the BRICS launch a currency, don’t hesitate to embrace it. An ideal behind a currency is sometimes very rare.