RE: 5 Practical Ways To Deal With Stressful Crypto Bloodbath!
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It's a long-term game full of twists & turns. A risky play if you keep on selling at a loss. A high degree of patience is required to go through tough times like 'RED' markets. Many people find it so hard to deal with the stress they get after looking at their 'blockfolio' every minute. One needs to form a perspective that dips are nothing but buying opportunities. If you don't have extra bucks to buy your favorite coins for cheap, then just HO-freaking-DL!
While i was on social media i saw so many cryptocurrency traders that got really scared because of the situation of the cryptocurrency market during that period of time,this led to panic and many of them started to sell their cryptos,a crypto investor must have a brave heart if they want to succeed on the crypto market...
That's true @goodindigene, without a strong mindset, one cannot play this game for long. Panic sell is a big "NO" during the bear.
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Panic selling only leads to bad decisions while the person is actually trading on the market,so to avoid bad decisions one must ensure they do not get involved in panic selling..
I agree. Panic selling or FOMO buying, both are dangerous.
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They are really dangerous because it makes the trader make bad decision
Yes, under stress, you are prone to taking shitty decisions.
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That is why we should not be a in a haste to take decisions when we are troubled emotionally
That's true. Hasty decisions are most probably too nasty.
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