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Now comes an important example.

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What if you do diligent research and you find a wonderful cryptocurrency or coin token for a cheap price

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five cents but then masses and a big audience haven't yet heard about this koan and it's dropped to

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$0.03 to three cents.

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Let's say you have put in 1000 dollars here now drops to three cents.

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You have lost already $4000.

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What should you do in this case.

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Do you now sell your coins to cut losses you lost on the 4000 but not more.

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Not 10000 not 5000.

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Or do you buy more.

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What would you do in this situation.

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I've lost four thousand dollars but now you have a good opportunity to think that this will be a coin

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for long term.

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What will you do if you're long short term trader.

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Probably cut your losses.

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But if you are a long term investor what will be our answer.

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There is a practical example of this situation.

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There is so cryptocurrency called ethos.

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Back then it was called Bitcoin's and the price of each coin was around five six seven cents.

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People didn't know about this.

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Cohen So what's the market cap was less than four and five million U.S. dollars and then it had started

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going down down down down down down down down down and it went down until around 3 cents.

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Let's say you invested $10000 in six cents.

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Now you have lost $5000.

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What would you do in this situation.

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It looks very scary.

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Nothing looks good.

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It has gone down.

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What we'll do to you how it started but quite a bit.

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Quince What would you do.

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And here is a long term chart for ETUs and we can see here we can't even see the drop any more in this

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long term.

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It was 4 cents here three cents there.

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Nowadays it's like four five six dollars.

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It has gone down a little bit from its peak for more than $10.

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But when it was here down 3 cents if you bought at three cents let's say $10000 would be a millionaire

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today.

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So this really shows the potential if you have found a coin that will have a long term value.

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There is a huge potential humongous potential and let's say that you bought it for what three cents

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for $10000 should be a millionaire.

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So that really shows the power of long term investing.

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As for our question is of course who buy more if you have found a coin with a good long term value.

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When it goes down you buy more when it costs a little bit more and you buy more.

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It goes up and then costs down you buy more.

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So that's what you do when you have found a coin with a good long term potential.

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When it crosses you plot by more time cube buys more when other people are selling buy.

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It's an opportunity for you to buy more.

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And in this example you would have bought more for three cents.

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And people find this coin and it's value to price goes up to 30 cents per quarter and then it went up

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to ten dollars per coin and you made big profits because you found it earlier than other people and

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you can clearly still keep on holding if you bought it for long term like two years five years or 10

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years.

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And now we are back on coin market cap to come and we see the current market cap of all cryptocurrency

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is around 460 billion U.S. dollars.

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It sounds like a lot but recently it was more than 7 billion U.S. dollars so it has gone down very dramatically.

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And when you look at this chart everything is under threat because one has gone down 15 percent internal

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and 22 percent triple 27 percent Bitcoin cast 20 percent.

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Everything is going down.

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So if you are a long term investor and you have found potential let's say an interim what kind of action

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should you take in this case should you sell it and hope that it will go down even more so we can buy

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cheaper.

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Should we panic or should we buy more.

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The action I took in this kind of position I put even more money.

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I took money from my bank and I put more.

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So I can get them for a cheaper price.

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It's like a discount price.

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If you go to Wal-Mart something is 50 percent cheaper of course to buy it if it's in the discount price.

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And the same here when the prices lower the opportunity is bigger were with this one.

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The point of maximum fileshare Chris is here the point of maximum financial opportunity is here when

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the market price is low then it has much more potential to go up and you can make even bigger profits

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especially if you are a long term holder.

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You buy first your optimism then it goes up you just hold hold hold when it's dropping you buy more

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here and then it goes up again.

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So you buy all this for a cheap price and you hold it for a low to.

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That's the mindset of a long term investor.