In investing, the main thing we must avoid is gambling, because gambling made me make many mistakes in previous years. You cannot be calm in investing if your soul is a gambler. Peace of mind and focus in running investments are things that must be had so that we can Hold bitcoin for a long time.
Gambling in this case works hand-in-hand with greediness.Although some investors focus too much on the chart and price direction, they often fall victim to panic selling and then buy back when the price looks like it's recovering. Most times, they eventually end up buying high, thus losing some of their holdings. This can happen to anyone who focuses too much on price direction, and it's even worse if they are just starting out
.What's the easy prevention? Simply staying off the chart or price if you can handle it.
As for the greedy ones, they mostly learn the hard way when they eventually sell and all their expectations aren't met.