Control your desires and accept volatility: How to stay rational in the cryptocurrency circle
Recently, many retail investors have sold their cryptocurrencies in panic and tried to escape the market by stopping losses. However, as long as the market exists, the bull market exists, and people are still present, it is almost impossible to control your desires and completely get out of this market that you both love and hate. The power of the bull market still exists, and the price that fell today may rise at a faster rate in the future.
Many retail investors who have recently cut their losses and left the market often dare not easily re-buy if the market continues to fall. But when the market stabilizes or regains its upward trend, they are likely to re-enter the market at a higher price. This psychological misunderstanding has led many investors to make mistakes at every step.
The cryptocurrency circle is like this, a market full of fluctuations and emotional ups and downs. If you miss the opportunity, watching the profits that originally belonged to you slip away from your hands, and seeing others making a lot of money while you get nothing, the feeling of heartache is unbearable. This market is both loved and hated. We need to accept her volatility with a tolerant attitude, clearly set our investment goals, and succeed as long as we finally achieve our goals. As for the fluctuations in the process, there is no need to worry too much.
The tycoon believes that in this ever-changing market, staying rational, accepting fluctuations, setting clear goals, and sticking to one's investment strategy are the keys to success.