You cannot be emotional when investing. The most important thing is to be patient, patient, patient, and never sell at a loss.
100% is Murphy's Law... but we cannot forget the domino effect and chaos theory.
As soon as you buy, the price will start to drop. As soon as you sell, the inevitable price increase will...
As soon as you buy, the price will start to drop. As soon as you sell, the inevitable price increase will begin! Why? Could it be Murphy's Law?
In reality, such situations are often explained by psychological and market factors.
1. The crowd effect. Most people buy out of excitement and sell in panic. This leads to the market being able to correct itself precisely at times when similar decisions are made en masse.
2. Difficulty in prediction. The market, especially the cryptocurrency market, is extremely volatile and unpredictable. Even experienced analysts make mistakes when trying to guess the direction of prices.
3. Algorithms and large investors, trading bots, and hedge funds. They analyze mass behavior using complex algorithms and adjust their actions to maximize profits.
Billions of dollars are spent annually on researching financial markets, including cryptocurrencies. There are specialized organizations for this purpose.
💡 wait for the price you intend to sell. If emotions exceed the limit, do not engage or temporarily delete all cryptocurrency-related apps and do something else; this will help you think rationally and consistently in your decisions!
