Quote from: ethereumhunter on October 08, 2021, 07:46:45 AM

Quote from: SquallLeonhart on October 07, 2021, 07:01:44 PM

Quote from: ethereumhunter on October 07, 2021, 09:34:21 AM

Indeed, I see that many of us cut loss the coin by selling at a low price when the price is down. They do not think that the price can increase anytime, so they only think that selling their coin will save them from a big loss because the situations seem to be getting drops too deep. Well, that will depend on how our analysis because as long as that is about the potential coin, I think we can still hold the coin and buyback for more when the price is down.

I think it is how we can manage our emotions related to the current situation at the market and how good we can analyze the price so we do not get the impact from the downtrend. Maybe it will need more experiences to have that control and that is worth learning about that.

Unfortunately those people are not too much involved in the crypto world, if they were involved then they would know that crypto prices crash all the time, and it will crash again in the future, many times as well. What matters is not the crash, what matters is that you should either do nothing and wait for it to go up or you could buy even more after it crashes to drop your average purchase price and then make a profit.

Long story short the best way to make profit is to never sell when you are in a loss. This doesn't work in horrible coins of course, if you are holding a horrible coin then you can sell, but if we are talking about something like bitcoin they always hold until you profit, it will eventually go up there.

That will happen many times and if we are not ready for that situation, we will not survive in the bad situation instead will leave the crypto because of disappointed with the situation. When the crash comes, we need to calm down and be patient and try to use the moment to buy more.

We need to have a strong hand to hold the coin, especially in a crash situation but that will depend on the coin itself. If the coin is worth holding, then that will be okay to still hold in the crash market.

Has anyone had experience with trading NFT games? I mean pre-sales, public sales, and then re-buying at public sales? I have seen many videos on YouTube where they do this type of practice, where with only 1 BNB that is in 500USD they can multiply it sometimes to 2000usd or more, of course knowing how to do the type of trading, but it is a trading that I think is fast, that has its great risks, but that gives high profitability.