It's true—no one gets rich overnight. The Redstone (RED) coin suffered a major crash yesterday, and many investors, including you, faced losses. But recovery is always part of the market cycle.
As you mentioned, if many people panic sell, the price will drop further. However, when supply decreases and demand increases, the price could rise in the future. The Bitcoin 2010 scenario is a great example—back then, BTC was worth almost nothing, but limited supply and rising demand eventually drove its price up.
That said, it's important to analyze RED coin's fundamentals before making any decisions:
1. What is the RED coin project’s real utility, team, and long-term vision?
2. Is this a case of market manipulation? (e.g., whales dumping and rebuying at lower prices)
3. What does technical analysis (TA) say about support and resistance levels?
4. Should you hold long-term or trade short-term?
Taking a loss doesn’t mean giving up. Understanding market cycles and making calculated moves is key. Do you want to check the current market trend, whale activity, or upcoming events for RED coin before deciding your next step?$
