I'm sure all of you are quite invested and likely intermediates and have been trading for at least three months. Three months in cryptocurrency feels like a year doesn't it? I'm also sure a lot of you have seen your account values decrease drastically in the last couple of weeks.
Don't fall victim to FUD! If you'd like to take some profits then do it, but don't sell your entire position out of FUD. No new accounts are being allowed on a lot of exchanges after a drastic rise in volume in the last month or so, then Coinbase and other popular fiat buy in portals put ten day holds on everything purchased. This is the bloodbath we are seeing.
The interest to buy in is still there but the path to buy in has been hindered. Once that hindrance is removed, we'll be on a major bull run. We were long overdue for this bloodbath. Most of the most successful coins were way overvalued and in need of a correction. Recognize the peaks, take profits, and when it comes to your core positions - HODL!
The other thing you have to observe is where you bought in and where you are now. One of my holdings, I made a major buy in and it went up 1400%. It's now flatlining back out at 750%. FUD would have me selling out here to avoid losing any more profits but I've opted to buy more. I know it will revisit and exceed those all time highs so I'll be taking back my 1400% gains and adding 650% gain from another buy. There's always the possibility you lose everything but when you're bullish on crypto like I am, you realize that unless the government shuts it all down or you're a complete tard and going all on in on one coin or picking scam coins or just complete crap coins, you're going to go up!
Selling out is always an option, I wouldn't advise it, but would never criticize anyone for it. Eventually you'll want to and should but remember, if after taxes you made more than 15% gains, you did better than 90% of the people in the stock market. Likely you're over 300% for the last three months. Remember which investor's dick is bigger when you stand us next to people solely invested in stocks!
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."
-Aristotle