Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
They are all the same thing. Imagine that youre doubting a good price prediction and all of a sudden there is a bull run and then you miss out from the profit you would have made if you invested at the early time, so thats what doubt have caused you.
Although the good thing is that you only missed out on a good opportunity to buy, but you didnt lose your money. Now, it gets worse when you start having fear, or like we do say FOMO. You then happen to rush in out of FOMO and boom, the price crash and you lose your money. Having too much of confidence is close to having fear, so you should try to keep yourself in check. There are people who would be having any of these and they hardly notice it.