Post
Topic
Board Beginners & Help
Re: A Guide for Cryptocurrency Newbies for Overcoming FOMO
by
CryptoHeadlineNews
on 21/09/2023, 18:51:46 UTC
Set Clear Objectives:
Establish clear investment goals and a well-defined strategy like DCA (Doller-Cost Averaging). Determine how much you can afford to invest without impacting your financial stability like if you are able to invest 10$ to 100$ than its sound well for being in the market and set realistic profit and loss targets like what you’d like to see in your PNL. Having a plan in place will help you stay focused on your long-term objectives its sound Better when you are doing accumulation of you desired token or coin in cryptocurrency field.
Yes, I agree with you on this very statement of yours about how setting a clear objective can help make a newbie cope with the "Fear Of Missing Out" when it comes to Bitcoin investment, because with a clear objective about how much a person intends to invest in BTC over a week, month or year, you will notice that with such individual, whether the price of Bitcoin rises of fall, such individual can never get worried, simply because they have got a plan, unlike a non-experience member who might invest all his funds, and if the price of BTC starts falling again, he/she start getting panicking.