Quote from: mirakal on Today at 01:18:31 PM

Quote from: wtsimis on June 11, 2024, 05:25:43 PM

The market is only going down for the last few days. What is the reason for this ? Does the cryptomarket go down for no reason ?
If this down continues, investors are likely to lose their capital. Now some tokens are worth 4:1 since my investment time.

We only get calm if we know that we are invested in the right and high-potential coin/s. I believe there is a reason for the dump but don't get bothered too much, it recovers back just like before. I was confident enough that we were not yet in the bear season but still on a bullish market and what we have experienced was a normal dumping situation.

They lose their money if they sell but if they just hold and wait for the recovery, they'll be earning more. So, therefore, choose those coins that you think will recover, not those coins that will die, or just choose only bitcoin for assurance, not altcoins. Most especially if they are buying meme coins, this will give them losses if the market continues to dump as I am afraid it will never rise again. If we trust bitcoin then I believe we have a reason also to stay calm and optimistic.

I do believe that if people would know how to do better than it would not be all that bad, but too many people end up getting scared and make mistakes. We should realize that things aren't as simple as it looks, and when you realize that things won't get too difficult to handle.

This of course isn't something we can handle very easily, it takes time and we should probably avoid trying to make quick moves. I get that trading is something you do very quickly and most say that you should act right away, but first you need to know exactly what you are doing and why you are doing it. Many people make moves without really grasping what they are doing and more importantly they have no idea why they are doing it, they just act out of emotional reaction.