Quote from: Sayeds56 on Today at 04:45:21 PM

Quote from: kizlod on July 16, 2021, 02:31:33 PM

People are selling in panic because they are not prepared for this if they are new and often they spending money they can't afford to lose. They think about profit and don't considering the fact that price can go down.

I think people sell in panic when they used borrowed money to trade in crypto or they are new in this market and have not witnessed Market volatility. Sometimes people use high leverage in future trading up to 100X and in case market goes against their trade, they find no other option to close their trade to avoid total loss of their capital. Such type of high risks trades should never be taken in first place and if taken, stop loss must have been used.

Knowledge is a must if you choose that kind of trade, without understanding what you are doing you will just keep seeing your money being burned from tim to time. It's much wiser to keep your research before you make any decision.

The market is unpredictable better to take your time analyzing your next strategy if the first one did not work out well.