I EXPLAIN TO YOU:
What should I do when the price of cryptocurrencies falls?
Well, here is a situation that occurred a few days ago, most of the cryptocurrencies collapsed, many lost money in futures, that money is not recovered since all the losing positions were liquidated.
But what should I do if I am trading?
you have 2 options
1- sell and keep the losses.
2- keep what you already bought, save it and wait for it to stabilize, one method is to save it in the earn wallet which generates interest, nothing that makes us millionaires but it is something extra while the price rises and sell if required.
Remember to buy cryptocurrencies that have financial backing is the only thing that can assure you that they will rise again, buying assets that do not have backing is very risky since nothing and no one guarantees that the price will recover.
I leave you the bitcoin chart with candles of 1 day each so you can see that when an asset collapses it rises again.
The mistake is to get desperate and sell the loss we have when we sell but when we keep we just have to wait for it to be recovered.
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I leave you the 3 most stable cryptocurrencies to invest if you are a beginner!!!$BTC $ETH $BNB