To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?
It is not easy for someone to see themselves losing money in the crypto industry and not be tempted to sell. However, it due to proper knowledge that makes some many experienced investors to believe the market will surely recover. Otherwise, many people would have sold their coins during the recent dip in the market, where the price significantly fell within just a few hours. This caused many investors to panic, as many have not experienced this kind of price dip in such a short time before. In fact, some have sold and are now regretting it, thinking there would be a further dip so they could buy later.
Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?
Lack of proper knowledge of Bitcoin can easily cause investors to take wrong decisions. Some investors have already taken the decision and it has been a regret for them now because to buy back it will not be easy them again. but for those with proper knowledge, I believe they will never think of taking that kind of decision of converting their Bitcoin to usdt and trying to buy later because they are aware that Bitcoin is something nobody can actually predict and the price can change at any time, and once you know that the price can always change at any time, why would someone panic and think of selling?
Its never been easy and you would really be having that kind of itchy feeling on the time that you would really be that seeing your portfolio is really that on huge negative or keeps on going down and down on which
the primary thing that would come up into your mind is on how you would really be that making yourself that be able to stop those loses? For sure your main priority is to cut loses and would be buying back into the bottom on which it is really that looked or sound a viable solution? No its not and you are really just that making the situation gets more worst. Profit is really that highly be affected on the time that you do make up CL.
It would really be rather better that you should have made out some DCA on the time that the market would really be crashing. Temptations on cutting loses is really that normal since we are just humans and we are emotional being but doesnt mean that you would really be not be able to control it out.
This is why you could really be able to tell for sometime that having that experience would really be something a measure on how a certain individual would really be reacting with these kind of
normal market conditions and the reactions that they are making. If you do found yourself having those issuse then you are really that prone into those bad actions or decisions to be made on.