Hey base on the post I read today many people are hesitating to sell and panicking because of the bitcoin downfall that is happening today so I will just make this short and helpful (note to traders and holders that will comment here about my topic, that my top ideas is just basic but remember that we still have those people who do not understand this well)
HOPE THIS WOULD HELP PEOPLE WHO ARE PANICKING AND THINKING ABOUT IT TO MUCH.
1. Do not panic when market value is decreasing
Easily said than done. We are not robots. We are animals influenced by our emotions.
2. Do not even think of selling you bitcoin or ethereum
Bitcoin don't ever sell. Ethereum sell in the next pump. Hahaha.
3. Do not think about it to much, why? because it will rise like before it got really high and for that a man got a car ,a luxury to point that out. So maybe like him you will get rich BUT in a long term situation
Edit: additional. So, I suggest you go and hold next thing you know your might get rich
That is also easily said than done. I have been checking Bitcoin's price at an average of 3 times per hour since I started holding some. I believe I am not the only one. Haha.
FOR INVESTING OR TRADING:
4. DO not invest really high that you can lose (DON'T INVEST WHAT YOU MAY LOSE)
But invest an amount that would make enough that would matter to you.
5. study the past history of market value ( when holding or investing and even trading)
How? Is it really that simple?