Cryptocurrency is been known for one of the largest future financial assets, many new beginner in the crypto space are buying at the price of pump and selling at the rate of dip which i do call panic fears and the disvantage of this which i will said many lead to loss and regret and aslo many lead to regret later in the future if it not been stoped 40% to 50% of newbies just feel that crypto is where you come in and dump money and walk alway given it some time to pump back and take profit that i will sand to correct it a wrong decision to make as a newbie.
What people fails to understand is that life itself is full of risk people don't want to risk the hard way and the lifestyle of a crypto preacher is full of making hard decisions in other to become wealthy taking risks is major life in the crypto space.
So it's really about understanding the psychological aspect, because getting better at trading is not just about independent research, but also the ability to control emotions and think rationally. This is all to avoid panic, by practicing self-awareness, using a planned trading strategy, and learning from experience. Then we can reduce mistakes that are influenced by emotions.
So, trading is not just about money, but also training the mind to be better at seeing the market. Again, if you invest in bitcoin, there is no need to panic because the price will definitely go up again, you just need to hold it then you will get profit, unless you invest in altcoin.
In general, the activities, we engage in trading involves the use of skills, time as well as be prepared to encounter various possibilities. It is presumptuous to rely on hope with no proper planning as this will only lead to making of undirected decisions. Knowing what to do and being patient or active is the process which should be rehearsed regularly. In cases where some conditions of the market are not favourable, the correct action is to remain calm and begin to analyse the situation again. It is always possible to speak about risks, however, if one is ready, they can be averted without much hurry. Therefore, it is important for us to view trading as a learning process in order to expand and be more confident in our decisions.