Post
Topic
Board Altcoin Discussion
Re: Investment involves being realistic, doesn't it ?
by
virasisog
on 22/04/2023, 16:24:42 UTC

I have no judgement here and try to tell the truth. Personally, if I had that chance to cash for profits, I would do the same. What about you ?

Yes, investing always involves a realistic attitude and it is very important to have a clear plan of when to buy and sell your investment. This is especially relevant when compared to emotional decision making based on short term market fluctuations which can lead to bad investment decisions and losses.
It is our money mate , so who will decide ? of course this is where we can earn or lose and the attitude is the most important thing when we invest our money and when we wanted to buy or selling.
Quote
Although having a set of pre-defined criteria for buying and selling, such as a certain price point or changing market trends I also think this can help remove emotion from the decision-making process and increase the chances of making a profitable investment.
it is our side to complete , and the criteria are our own views mate and we can see those from what happened in the past and will happen in the future.

The decision to sell or to hold relies on the risks that we can take as well as our attitude toward reaching our goal. If we are firm to make a profit in long-term investment then we should know that the volatility of the market might scare us so we should be emotionally prepared because if not, the tendency of selling at the wrong time could be possible. Investing in a cryptocurrency will give us a roller coaster-like ride of emotions so if we're unable to handle our emotions then they will control us when it comes to decision-making. Those who have been through different market cycles are already aware of the fast changes in the prices of coins so they're particular about the possible results.