I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.
Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low.
I am not going to make your investments for you, it is not my decision to sell or buy for you, if you want to get out right now and feel scared then you should do that, it is your money and only you can decide that.
However, if tomorrow the price starts to go up, and if the price reaches 70k in 2022, then you should remind yourself this day when the price was under 40k, and you felt fear instead of hope. Because prices always go down before it starts to go up. I can't promise that it will right away, but I am not selling, in fact, I am buying more. Focus on what can happen, and not what has happened, that way you can have some hope for the future.
There are currently many newbies in this space who don't really understand the language of the market yet, some this new guys buy for example bitcoin with the hope that it can only go up, but if they are unfortunate and price begins to go down, they panic and sell thinking the price might go down further which some times is true and some other time it's not.
One other thing we should also understand is that the set of people who fall in the category above are not real investors, they are people seeking for some quick price, a real investor buys and set a sell target price, and they can sell it below their selling target no matter how the market fluctuations is or how bad it is.
Before deciding to invest or trade crypto, first learn everything about the crypto world well. So at least understand how the crypto world works,
then we will understand that crypto prices are very volatile, so finally understand the price of crypto will not always go up. Then when the price of
crypto goes down can understand it's the right time to buy, we don't need to panic to see a market crash as long as the coins we choose are good
and potential, we have to hold the coins we have until the market goes up again. The most important thing is to be able to understand that crypto
will not make us rich instantly, so it does require patience if we really want to get rich from crypto, because sometimes we need to experience several
losses first to realize the mistakes we made when investing and trading crypto. The conclusion is that investing and trading crypto is not as easy as
we imagine, there are many processes that must be passed to become a successful investor or trader.