So I guess it's all about our mindset, huh? So, rather than thinking that crypto is crashed but more like they're on sale. With that being said, our mindset should be that we're ready to lose our money when we enter crypto world. Sure, our purpose is to get profit, but in the process of that said profit we're going to face a lot of ups and downs, which is why if we've come well prepared I think we're good to go. I mean like it's all going to be sunshine and rainbows and especially with ho the market condition for the past few days or months.
That would be oversimplifying things too much for my taste, however there is no denying that your mindset is very important in any market, when people begin their journey to become traders or investors they look for all kind of information regarding entry and exit strategies but they do not take the time to do some soul searching and try to tell if they have what it is necessary to obtain the profits they want out of the market. And if they did such an exercise many of them will realize they are in fact not ready to become part of the markets, but since they do not do this simple exercise they invest in the market anyway which eventually brings them disastrous consequences for them and whatever capital they invested.