One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?
I've been through that kind of situation specially during the 2018 pump. I was so happy that all of my holdings went so high that I ended up spending it carelessly. Little did I know, sooner the price of bitcoin will suddenly fall hard. I became too dependent on it and I thought there's a possibility it would rise once again which made me end up in huge debt. I was able to pay it off and started earning again as this new bull run occured. I think the best way to avoid going down to zero is through playing safe and smart. Analyze bitcoin's price before spending or investing so that you wouldn't have any regret in the end.