When you look at the markets hour by hour, day to day, week to week it will drive anyone crazy.
Whenever I have doubt I zoom out on the time line, and you can easily see why it is a good investment. Thus, when in doubt zoom out.
The price charts I look at are coins at 6 months and longer. I actually have a good technique to picking out the winning coins. It works very well I would say 75% of the time.
Anyhow, when the market is down (red) I buy, buy, buy.
When the market is up (green) I hold or sell. If I really want to buy to pump a coin, then at most I will spend $100.
Any coin that I hold after a year or more, if it’s still down, and I am not happy with its progress. Then I will swap it out for a cheaper coin that I think has more potential. I do this because since it’s a loss there are no Capital gains. Plus it gives me more of the new coins.
This past year I did that. I had purchased a lot of Basic Attention Token 2 years ago, and it was not doing well. Anyway, I had purchased Cardano at .05 cents and once it doubled. I went ahead and made a move. Although the move took me an extra 48 hours (moving it out of the Coinbase vault and moving it to Uphold), and the price shot up to .35 cents when I finally did the big swap. The good news was the price kept rising. So it all worked out.
I have a big bag of Cardano now. Very happy with it.
Right now Cardano is trying to hold $1.