The question itself is the answer PANIC.
Everyone knows cryptocurrency market is highly volatile and risky.
And most of the people do emotional trading.
They sell when it is crashing. And suffer from the loss. They panic and sell in the loss.
What is the point in selling at low?
One must wait for the market to turn green and bullish.
The way to stop the panic is to not engage in panic-inducing activities such as day trading.
It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead.
The doctor says dont put your arm overhead
If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.
Dont put all your funds in cryptocurrencies so that you can have something to pull during emergency situations other than selling your coins. Stay away from the market during dips to avoid being emotional. Stay calm and be positive about things.Everyone knows cryptocurrency market is highly volatile and risky.
And most of the people do emotional trading.
They sell when it is crashing. And suffer from the loss. They panic and sell in the loss.
What is the point in selling at low?
One must wait for the market to turn green and bullish.
The way to stop the panic is to not engage in panic-inducing activities such as day trading.
It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead.
The doctor says dont put your arm overhead
If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.