Final Words
The crypto market is highly unstable, that it why it is important that traders only invest what he can afford to lose. So the next time as you are about to click that “buy” button, stop and ask yourself:
"If this trades doesn't go as planned, will I still be able to sleep at night?"
If the answer is yes, then you can go ahead. But if the answer is no, then it best not to make that trade or investment.
I’d go with the word volatile rather than unstable. Bitcoin has already proven its long-term stability if you look at the big picture, you'll see it has recovered from major crashes and is now hitting new all-time highs. The volatility is part of the game, but really,
it’s us who are often unstable, not Bitcoin.I think we also need to learn how to accept losses, it makes the whole experience easier. If we can't, maybe we need to treat it like athletes do: even pros have psychologists to help them handle defeat. Same logic applies here.
Is this trade a proper setup.
If I take this business a one hundred times, will I make money. If I take this business will I make money or not. If you check the trade and you can make any money.