Quote from: harapan on February 28, 2025, 01:53:38 PM

I take this to be the be the beginners mindset of which they think crypto is a quick money making assets that you can generate profits in few days and they just buy and hodl for short term and sell off when they feel like, thinking they would be at loss. And this is their fears taunting at them meanwhile they are aware that crypto is a long term assets and with time you're sure to reap the harvest of your investment but I think fear of loss and impatience has captivated a while lots of this newbies in the trading sector. One thing about trading is taking risks and it's the level of your risks that quantify your outcome.

I do not deny that some beginners do consider crypto as a space where they can make money quickly, and even I myself thought so when I first got to know this crypto space. But fortunately I am not an ambitious person, meaning that usually people who are ambitious to get money quickly are the ones who end up failing and giving up. Maybe I was lucky because at that time I also knew people who had known crypto before, so indirectly there was advice that I received.

Quote from: Victorybit1 on February 28, 2025, 05:30:16 PM

One reason why a lot of traders panic during a phase where the market is going through a dip is because they don't focus on long-term investments. As a someone who understands crypto currency you should understand that the market goes through fluctuations, the dip should always be expected. If you are not a newbie you wouldn't fret when this happens. Some people panic and sell before the rise comes back and they start regretting. Bitcoin has been reducing drastically, there are people who have lost millions because of this dip but they are not worried because they know the price would go up again, that's how crypto works.

Also they are not prepared for the worst, so they will panic when they experience losses. In trading or investment, good preparation will be the key, because it will be able to direct us to things that continue to be in a good corridor. Without proper preparation, especially in finance, we will panic because we see the money we brought at the beginning is getting thinner and even it can be lost if in trading. So a good plan must be the first step for us.