Post
Topic
Board Altcoin Discussion
Re: Cold feet
by
Mpamaegbu
on 22/01/2022, 13:32:53 UTC
My cryptofolio is down 1/3+  Cry I officially understand the principle of not reacting emotionally. How have others kept their wits during downswings like this?
How they react? For me, there are two options here; you can make your pick. One, you can choose to avoid looking at charts and price flow as that will help you control any panic and keep your emotion in check. I know that won't be easy a thing to do, especially if you're just coming into crypto investment newly. Secondly, you can DCA (Dollar Cost Averaging) your investment at this time by leveraging on cost and getting more of those tokens you truly believe in. Get more as it dips. Apply the Warrent Buffet philosophy of, "buying when others are scared."

Side note: Crypto trading and investment isn't for those who panic at the least market fluctuation. Be courageous.