Profit is something that no one can guess. Meanwhile, losses are something that is certain and cannot be denied, so you need patience to be able to get profits, even though it is also not certain that you will get it within a certain period of time. And because profit is something that cannot be reached precisely in terms of time, that is why everyone is highly recommended to use money that is not used on a daily basis when buying Bitcoin or when investing in Bitcoin.
there are people who couldn't swallow losses, and adding their unstable emotions they will end up having wrong decisions on trading. this is what I mostly see specially in new traders or investors. sometimes too they wanted to get fast profits which lead them to be more panicked whenever they see the market changes even a little coz they have accepted that they are risking money but they are prepared yet or their mentality isn't ready to imprint that there will be spikes on the prices and more often if you'd see.New users and those who are emotional panic sell as you said, whenever the price starts dropping from where they've bought at, their mentality is that their portfolio should stay intact or just grow and show no sign of dropping at all.
doing. One of the things that would really be putting you up on edge is on that particular condition on which you are already that knowledgeable or have the ample experience on doing such stuff. If basing up on OP's
mindset and been aware on how volatility works then he does know on what the risks involved is. All of us does really have that kind of impression about on worrying about price drops but
if we are that someone whose been that prepared about possible circumstances then it wont really be that much of an issue.
Once you do step your foot into this market then you should really be making yourself get prepared on what are the possibilities about volatility facing kind of conditions.
You cant really be that just making some careless decisions on it.
