Quote from: wajik-tempe on July 29, 2021, 11:51:21 PM

Quote from: arufox on July 28, 2021, 01:35:53 PM

What often makes many people lose money in crypto is not just panic, but when they feel the profits are still lacking and always lacking. For example, when Bitcoin goes up 5%, instead of selling, they keep waiting and even buy additional Bitcoin. In fact, by selling, the profits obtained are very good. Don't let greed make you lose in the end. So, when you get news that Bitcoin is going up and your investment is already profitable, don't hesitate to take advantage.

It depends on the trading time span of the traders itself, sometimes holding for a long time for a better profit is good if the trader manage to hold their coins for a long time, as we know from the market chart history, holding for 5 years is always make a huge return. 5% profit is too small in cryptocurreny trading, so people are aiming for bigger returns.

Lack of skills when trading is one factor that you are losing money in crypto. So, much better to wait and hold long time and wait for the bigger opportunity to gain more profit and most important is don't panic just keep always on mind that crypto is volatile the ups and down is normal.