Investing in Cryptocurrency and psychology

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I just want to reiterate in something because in the past few days, the market was red but we already have experienced green recently. In investing, a lot of traders and speculators in the forex and stock market are emphasizing the importance of attitude and psychology. It is a very important thing to remember that the market is constantly moving up and down, especially for cryptocurrency where the variance is so high. You have to keep your emotions in check and under control in times that the market is going down and keep in mind that when the market is going down, you only have to choices. Either you hit rock bottom or the next movement is upward. Just be patient and have the right mindset and psychology. This way, you'll be able to enjoy playing in the market while earning. It's true though that you really will lose money here. But don't let that affect your emotions because most of the time, we don't really make the best decisions when we are emotional.

Would like to hear everyone's comments and thoughts about this. Thanks!

[Andromada]

I can say that if you decide to engage in trading, then you should learn to suppress your emotions and not succumb to them. Learn the psychology of trading, it is very important

[KP Oli]

Yes, emotional trading are the prime cause of loss in cryptocurrency trading.
You should never buy or sell everything you have.
Holding blindly too is not a solution.
You should decide when to buy and when to sell.