The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
In investment, patience is an important factor. In an unstable market, you need to be consistent between buying and selling. Don't invest a large amount of money that you don't want it to lose, when coins fall in price. You will be emotionally manipulated and selling coins leads to capital losses. Invest some money in ability.
In my opinion, to make a big profit and to avoid unnecessary losses, we need to have a strict financial management plan. At that time, you will not need to worry about the portfolio.
Practicing emotionless trade can help you out avoiding unnecessary things to commit, if you have a well driven attitude and you are observant enough,
the volatility of this industry can help you to make a good assessment, there's figures that you need to understand things that affects why sudden rise
and falls are happening, you have to analyze it correctly and make a strong stand.
Knowing how to adjust and balance both your money and your emotions will lead you to a much safer journey inside cryptocurrency investment.