Don't panic

[kojektea]

I often meet. Even I who have been in the cryptocurrency world for quite a long time until now can still experience panic. Looks like it's very hard to get rid of. It would be better to invest a large amount and forget about it. Let it pass a few years later and see the results.

[btc78]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

The main problem about why people losses too much funds in their investment is the idea that they tend to listen to others specially in FUD spreading , their plans changes when thy read or watch some stupid news.
instead of digging deeply ? decision making take effect sooner before they even learn the real score.
Prevent yourself from reading too much news.
and prevent yourself from listening to other people.

[gwdf1]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

Here let me give you the meaning of panic in trading of cryptocurrency such as follows:

1. Lack of knowledge
2. They are not prepared or unaware for this situation.
3. They are afraid to lose their capital
4. Possible their capital came from the loan not so sure just an options.
5. And they are impatience

These are all in my mind why they are on panic when the market is down.

So everything goes from absence of the strategy and unnecessary emotionality. To be a successful investor you have to study this market to make up a strategy and then follow it without redundant emotions. As fear is an emotion that makes you make wrong decisions and as a result lose. And when there are many people who don't have a strategy and very emotional, we see this panic on the market.