Panic selling is probably the worst thing a trader could ever do with BTC. That happens because people invest and buy more then what they can afford to lose because If they didn't buy more , they simply wouldn't care , have patience and wait whatever time It takes until It raises again.
People who bought more then what they can afford to lose are always in panic and the least drop in the price could make them panic sell and that could result into losses , however If they waited , It could've go up again.
People who bought more then what they can afford to lose are always in panic and the least drop in the price could make them panic sell and that could result into losses , however If they waited , It could've go up again.
Definitely true. It happens to me. before, I set a strategy of entry and exit but due to emotions, I exited very early and got losses. This was exactly the time where I was buying altcoins with big amount of bitcoins. However, when I bought 150,000 doge at 39 satoshi per dogecoin and just forget it there in months, I never felt nerve-wracking impulse of selling it. Thanks for that cool emotion, I able to sell it at 60 satoshi per doge
