Quote from: exstasie on July 21, 2019, 10:11:13 PM

Quote from: LeGaulois on July 21, 2019, 08:17:17 PM

Another weak hand who bought BTC 2 weeks ago and is already afraid because the price lost 10% in 15 days. Do you know the funny thing? A lot of them will buy bitcoins again when the price will be higher. (if OP sells now, I bet he will buy again at $15k Grin

) No sense.

There are some markets that are not for everyone. For example, the real estate needs patience, if you're not you will fall.
With Bitcoin, if you can't control your feelings you fall too

My old mentor once told me, "Markets are all about patient people taking the money away from impatient people." Bitcoin is just like any other market. Impatient people FOMO buy at the top and then sell deep into the dumps.

As a trader, I've just got to appreciate panic buyers and panic sellers. They put bread on my table.

With cryptos, it may be a little harder for some people. We use the internet every day, and we have everything at hand. In addition, it's a market that needs to be monitored quite regularly (or every day for some). It's not like if you invest in an apartment and rent it to someone, you're not going to visit it every day to see if the walls have moved. Grin

In addition, I also generally think that some markets are not for everyone. People who are not used to investing, or just 1 asset they got from their bank without knowing what they're doing with I'm not sure if markets like cryptos is a good thing.