Quote from: Saisher on Today at 01:58:22 PM

Quote from: Armani123 on May 17, 2021, 03:44:54 AM

My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.

You have the wrong attitude on investing in Cryptocurrency, you have been warned to only invest what you can afford to lose, and never take a loan to invest, people who are not comfortable with their investment will show sign of anxiety, if you want that anxiety stop, then start selling, it's better to lose and have a peace of mind.

Interestingly it is neither about money you can afford to lose, nor about taking a loan, nor about anything financial, it's all about the person who trades/invests and as long as they are good, they are good. For example, I have a friend who is super super rich, and he invested over 2 million dollars into crypto and now has about 800k, all because of his own mistakes, of course that was a "small" amount for him, even for him it was a decent amount and he got upset over it, but it didn't change his life, he could afford losing that much and still live the same life.

I also had a friend who had 4k dollars when all this started, he has over 120k now thanks to all the smart decisions he made. Both of them are smart people, one of them is smart enough to have 2+ million dollars just to invest, and the other is smart to get 4k to 120k, but investing requires different mindset.