Re: Panic of traders

I believe that there is a lack of vision when it comes to the investors investing in the crypto industry, they do not rely on their research but most of them make decisions based on the sentiments of the market which is not a wise idea, in my honest opinion. That's why big whales and institutional investors take the benefit of it and try to manipulate the market in a way they want in order to make profits from it.

Mostly, panic traders loses big money because they dont believe on their own studies, they are just following the trend without hesitation, and that is why whales continues to play like this. We should not stop from making our own analysis so we cannot panic if bad things happen again in the market, dont listen to the fud.

It's like they didn't have plan or some kind of target. It seems that a lot of people are hesitant, so they follow what is decided by others. They sometimes seem to believe that prices will soon rise, but instead they do the opposite.

I have lost my entire capital multiple times in my initial days of trading just because I used to trade based on the others opinion without doing my own research and it taught me the important lesson not to blindly rely on others opinion. As the great investor Warren Buffet says, "Be fearful when others are greedy and be greedy when others are fearful", big whales and institutional investors try to spread the fear so that they can acquire the units at lower levels resulting in the potential of making high profits.

Cryptocurrency trading is new for many traders. Some people do not want to hold their coins for long time. They want quick response from their investment, therefore they star trading and when they see the hurdles in crypto trading, panic starts for them. It is not easy to make money easily in crypto trading. You will have to prepare yourself for all circumstances.