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Important Investing Insight

Learning to accept losses is a crucial skill for investors and traders. I often see posts from individuals encouraging others to hold onto declining cryptocurrencies, hoping for a rebound. However, it's essential to recognize that this advice is often driven by personal bias and a reluctance to acknowledge one's own losses.

The belief that "not sold means not lost" is a harmful myth. If an investment is failing and likely to continue declining, holding onto it solely to avoid realizing a loss is unwise. The market offers numerous opportunities, and clinging to a declining asset means missing out on potential gains.

Consider this analogy: if you own a property yielding 10% annually and have the chance to invest in another property yielding 30%, would you pass up the opportunity simply because you're still at a loss on the first investment? That would be counterproductive and deprive you of potential gains.

Acknowledge poor investment decisions, move forward, and seek better opportunities. This is my personal perspective, and I hope you find it helpful. If you did, please like, comment, share, and subscribe for more insights into the crypto market. Your support is greatly appreciated!

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