Why does it drop as soon as I sell? 80% of people have this mentality!
Friends who have traded cryptocurrencies understand this trick: just when you plan to sell, the price suddenly shoots up, as if the market is working against you!
This is not just bad luck; it's actually the psychological effects in cryptocurrency trading at play. Let's take a look at what’s going on:
“Fear of missing out” mentality: After you sell, you may feel relieved, but when you see the price rise again, you start to doubt yourself and regret whether you sold too early.
Focusing only on the present: You might be fixated on the recent price trends, thinking it has dropped and will continue to drop, but as soon as you sell, it rebounds.
Fear of losing money: The pain of losing money is more memorable than the joy of making money. This mentality can make you eager to sell at the slightest loss, or panic when the market seems off.
The market is too volatile: Cryptocurrency prices go up and down like a roller coaster. Sometimes just when you think the price is low and decide to sell, it rebounds.
So what should we do?
Stick to the plan: Set a strategy and don’t change it easily. Don’t let the market’s short-term fluctuations lead you astray.
Don’t focus too much on the details: Sometimes, looking less can be better. Constantly monitoring your investment can lead to impulsive decisions.
Know how much risk you can handle: The cryptocurrency market is highly volatile; that’s normal. Stay calm and don’t let fear take over.
Remember, investing in cryptocurrency is a marathon, and predicting market trends is difficult. Don’t let emotions lead you around by the nose!
In the next layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential. An expected growth of over 10 times is definitely possible. If you want to make big money in a bull market, like and leave a message, and I’ll help you plan for the entire bull market!