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RE: Why it is not a good idea to panic sell NXT/ARDR or any other coin that has strong fundamentals 📈 💰
People are likely just simply tired of the "arduous" nature of Ardor. It took forever to get any performance out of it and then it dropped again. At a certain point there are better options to put your money on. And if you think Litecoin is a temporary hike, you are not doing sufficient analysis of the situation. You have a lot better potential on LTC than you will ever have on Ardor. LTC is going to become the silver to BTC gold.
I never said I don't own litecoin ;) I am just telling how most people trade on an emotional basis and lose money doing that.
Of course ARDOR/NXT is stressful for impatient people. But that's one of the problems and why impatient people USUALLY (not always) make less money than the long term holder. I could beat myself up on a couple of coins I sold because there was "no movement" back then although I believed it was a promising project. But I was still new in the game and was very impatient and fearful that I could lose some money.
I could've made millions now (I am not kidding you) :D
Time is money. If something is not performing and you can identify a better alternative for making returns, then you should switch. This is not to say that you should be jumping all the time and if this is what you are referring to then I completely agree that you should hold. My point is that there are much better alternatives to put your money at this time than Ardor. LTC is a perfect example, Cloak will go through the roof, and Verge will be taking off soon as well. If there are better fundamentals with better timing then switch to these rather then just sitting on something with fundamentals but never moves.