I heard that during that last dip of bitcoin ( 7k$ ) and other alts, many bitcoin investor lost so much because of panic selling thinking that they should cut their losses. Some wants to start over again with the money they got but I heard that some became really depressed and are now emotionally unstable. ( Not all ).
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
The only suggestion is to stop "investing".
If you can't control your emotions and you panic sell or buy it's clear you're not made for trading or investing.
Not everybody is and not everybody should do it.
So unless you plan on hodling and investing only what you can afford to lose without losing your mind, don't do it.
These situations are happening in every year January to February. So close the all cryptocurrency sites for two months then go to tour for 2 months. It makes huge profits for your investment. This is the easiest way to protect our money so no one should panic in these kind of situation. After two months automatically crypto market is normal I believe this is the best idea.
Last time the drop continued through March till next January and next January.....
Just saying...