People easily get scare in minor things. But in a business , patience is very important. If you lose the patience in trading ,you will sell your cryptocurrency with panic. Panic always make you to lose your hard-earned money. Now the price of bitcoin and Ethereum had reduced ,so use this as opportunity to inverse in cryptocurrency instead of criticising his fall of price.
Right, patience is very important it is the key of success. Never lose patient when you joining in investment cause when it lose you never gain profit and panic it may cause to lose your assets it's better to study the market works be calm when you see the price value goes down cause this is normal in one investment.
But we can't blame those people who easily get panic with the market condition especially when those people/investors bought from a very high price at the peak of every Crypto Currency back in late 2017 and early 2018 when the price of every crypto are skyrocketing because most of the investors that participated in the party were newbies and does not know anything but to multiply their money when they invest in Bitcoin without knowing the risks of this very volatile industry and now they'll all surely learned their lessons in a very hard way.
I find it funny that most people claim that it will come back stronger, yet if we asked each of you if you sold into the crash, most would answer with a yes.
It's not a bad thing to sell if you're getting close to your entry point. By no means should you allow yourself to be on the loss, but never sell for less! So many people buy during bear market and panic sell when it keeps going down. This is a very bad idea and I can assure you that you will regret it.
The article isn't saying anything new. The market always works in waves, you just can't predict when the waves will start and how high they will take you. Another bull market could begin next month, or in 3 years. It's possible that it will reach another all time high, or that it will only take us to 10k USD.
I agree about that, People have different points of view and a different way of thinking and also different kinds of strategy but most of the people inside the crypto space who entered this kind of industry at the year 2017 are newbies who are fueled with greed with the sole intention to multiply their fiats to lots of fold but they didn't know that investing in Crypto Currencies are very risky and they are suffering now.
The article isn't saying anything new. The market always works in waves, you just can't predict when the waves will start and how high they will take you. Another bull market could begin next month, or in 3 years. It's possible that it will reach another all time high, or that it will only take us to 10k USD.
Correct mate and good explanation, There is no one in here knows what will happen next or how long will this bearish market ends but people can always predict and it is part of freedom but a prediction is either correct or not and it's like a 50/50 chance that it will happen or it will not. The best thing to do in situations like this is to stay calm all the time and be relaxed.
