Five major mental misunderstandings in the ups and downs of the cryptocurrency circle
1. Over-panic about market declines
After years of experience in the cryptocurrency circle, every time the market fluctuates sharply, such as the dark moments of 94 and 312, or the mining purge in 21 years, I fall into extreme panic, as if the end of the world is coming.
2. Blindly follow others' operations
Seeing other people's decisions, blindly follow without analysis, lacking your own judgment and opinions.
3. Fantasy of getting rich overnight
Always expect to get huge wealth in the cryptocurrency circle instantly, without paying attention to long-term accumulation and stable investment strategies.
4. Disdain small fluctuations
Disdain small gains, but do not have enough funds to seize big opportunities.
5. Anxiety and restlessness all day long
Anxiety about the fluctuations in the cryptocurrency circle all day long, unable to concentrate on doing other meaningful things.