Decision making during the dip (Sell or Not)

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I get cryptocurrency notifications on my device from time to time (mostly just random articles) but then I saw one that was talking about the volatility of cryptocurrencies. Normally I already determine to zone out negative articles for the duration of the dip because there's just so many speculations from different angles it could literally make you go crazy.

The article was actually reinforcing the need to understand that volatility is essentially how the market moves and the different choices you make would determine the future. I actually learnt a few things from the article. It was the decision making angle that eventually got me interested particularly making decisions due to emotional inducement.

I got thinking that what if crypto was actually the only source of income an individual was dependent on, could he really make decisions that were not emotionally influenced during a dip?
Cryptocurrency adoption is fast growing amongst many nations and with growing popularity things such as Bitcoin ATMs are now a reality. But just as adoption is growing, the same way regulations from countries such as China have also been a stumbling block.

So for an Individual whose income is solely based on cryptocurrencies in one way or another, before making an emotional decision you need to also factor in certain things.
The most important one is the risk factor. To what extent are you willing to risk your investments. This will help you determine the choice to make.

Cryptocurrency trading can be a very risky venture. For an individual who totally believes that there is a lot of loss on the way, it would be best to sell your assets and wait for future opportunities.

Also another individual believes there is probability of it going either way. It would be safer to sell some of your assets and keep some while still waiting for opportunities to arise.

Lastly the individual who has great belief the market will bounce back, this individual will keep his asset and even look for ways to invest more trying to take advantage of the drop in prices.

All of these choices are dependent on how you weigh your risk.

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