Quote from: hamba laeh on August 27, 2021, 09:15:27 PM

Quote from: mianvicky1 on July 26, 2021, 07:42:30 PM

I would like to give you some advice, Especially to those who are new in the market. Whenever there is a pump in the market, you think you should invest in ALTs And you may benefit from it. But after your investment, the market goes down. When you see the market go down, you think you are losing money, so you sell everything. Again, when you see the market go up, you invest. This way you get hurt again and again. So whenever you have to invest, invest a small portion of your portfolio. So even if the market goes down, you have your portfolio. Never trade on emotions. Calculate well and then invest in it.

Many people lose money in panic when prices are falling, because they are afraid of losing a lot of money so they sell it immediately. we should buy coins when the price is down not when the price is up, so we can sell it back when the price goes up, maybe it all takes time and requires patience not emotion. so don't buy altcoins when the price is rising because it can make you lose.

when prices are falling we are panic because the price can fall deeper, in that time we are in a tough situation to make the right decision and we actually dont know what is the best decision and as a result we can make a really bad decision because of the market is also in panic. buy low and sell high is a good advice but our emotion will not follow that advice when we are in panic even if we know the market can recover back in the future because we can lose opportunity to reduce loss when prices are falling deeper.