Cryptocurrency Investment - Panic and Emotions

in #cryptotrading6 years ago

In the last few weeks, we can see how many crypto investment beginners are actually active. "Is it going to crash?" What is happening with the industry?" "Should I sell everything now?" "How long until bitcoin is dead?" The thing is, cryptocurrencies, bitcoin especially, saw these cycles since its start in 2009. Moreover, there have been dips and growths so large that current changes are nothing compared to those times.


"Courtesy of CoinMarketCap"

Keep a cool head and avoid making rash decisions. If you made an order that is going into the red line, do not try to add more money into the fire. Wait for as long as possible and try to catch times when the price gets back into the track and close a portion of your dedicated funds. Count your losses and learn in the process. Don't go all out and careful with the leverages!
The market won't crash nor will it disappear all of a sudden. It is too big for that at this point! Keep being positive, cut your losses and count your blessings :)

PS: I would also suggest for beginners to read as many educational sites and articles online as possible. Especially those that are geared towards starters. From me, I can recommend this one https://www.cryptocointrade.com/.

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