The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
Sorry for your losses but this is the crazy world of trading. You are a small fish in a pond full of sharks and whales who want nothing more than to take your money.
Its no different than trading stocks, futures, forex, bonds, etc. It looks easy on paper and when you trade on demo but if you put actual money into the markets you can see how difficult it is to make a profit.
My advice, stay out of market until the bull market is back. Its easier making money in a bull market than a bear market or sideways market.
Yes,you are right. Its best decision to stay out of the market because only pro and expert trader trade this time and newbie cannot get profit this time.I don't know when the crypto market back but i think now hold is the best suggestion to avoid loss.