Quote from: kramchers on September 27, 2021, 01:22:43 PM

Quote from: akirasendo17 on July 16, 2021, 01:59:21 PM

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

Here let me give you the meaning of panic in trading of cryptocurrency such as follows:

1. Lack of knowledge
2. They are not prepared or unaware for this situation.
3. They are afraid to lose their capital
4. Possible their capital came from the loan not so sure just an options.
5. And they are impatience

These are all in my mind why they are on panic when the market is down.

So everything goes from absence of the strategy and unnecessary emotionality. To be a successful investor you have to study this market to make up a strategy and then follow it without redundant emotions. As fear is an emotion that makes you make wrong decisions and as a result lose. And when there are many people who don't have a strategy and very emotional, we see this panic on the market.