See original
Will I lose my money?💩
Are you scared because the market is going against you and many authors are spreading doomsday scenarios? A few words to help you assess the situation a little better:
First: Have you invested money that you need to survive? Or is it money that should be working for you and just isn't at the moment? In the first case, you actually have a big problem - you are dependent on the market and not the other way around. It doesn't care about you. If you have to close/sell your positions now, then you can only see this as a lesson. Don't do it again. But keep on reading the second section-Nobody told it will dive further!
Your money was the money that's left over for investments? It can get better! You just made the mistake of getting in at the wrong time. Now for the trick: when is the wrong time? Many people who write here see only certain periods of time and not the whole picture. They make judgments based on 1h, 4h charts, while you might have said: “I have time. I expect profits in half a year”. We don't even want to talk about misjudgments here.
What does this mean for your nerves? Remember that cryptocurrency trading is risky, set a fixed stop loss that you cannot deviate from under any circumstances and just wait and see. Yes, the entry point could have been better, those who entered better have a bigger buffer and may make more profit or have to liquidate later. But no one said there would only be profits, and you knew that. You probably have "plenty of air" to go deepdive for a long time. When you come back up, the whales will have eaten krill above you and may not hunt in that area again for a long time.
Second: If you want a different and POSITIVE perspective on the market-check out my next (maybe subscribe to see the latest posts?) and last posts. Personally, I am far away from thinking that it is all over, that the market has recently run out of upside potential or that the big institutions have launched ETFs for fun and want to burn a lot of money.
Cheers crypto family!
#BinanceSquareFamily
_
DYOR. No financial advice.
Are you scared because the market is going against you and many authors are spreading doomsday scenarios? A few words to help you assess the situation a little better:
First: Have you invested money that you need to survive? Or is it money that should be working for you and just isn't at the moment? In the first case, you actually have a big problem - you are dependent on the market and not the other way around. It doesn't care about you. If you have to close/sell your positions now, then you can only see this as a lesson. Don't do it again. But keep on reading the second section-Nobody told it will dive further!
Your money was the money that's left over for investments? It can get better! You just made the mistake of getting in at the wrong time. Now for the trick: when is the wrong time? Many people who write here see only certain periods of time and not the whole picture. They make judgments based on 1h, 4h charts, while you might have said: “I have time. I expect profits in half a year”. We don't even want to talk about misjudgments here.
What does this mean for your nerves? Remember that cryptocurrency trading is risky, set a fixed stop loss that you cannot deviate from under any circumstances and just wait and see. Yes, the entry point could have been better, those who entered better have a bigger buffer and may make more profit or have to liquidate later. But no one said there would only be profits, and you knew that. You probably have "plenty of air" to go deepdive for a long time. When you come back up, the whales will have eaten krill above you and may not hunt in that area again for a long time.
Second: If you want a different and POSITIVE perspective on the market-check out my next (maybe subscribe to see the latest posts?) and last posts. Personally, I am far away from thinking that it is all over, that the market has recently run out of upside potential or that the big institutions have launched ETFs for fun and want to burn a lot of money.
Cheers crypto family!
#BinanceSquareFamily
_
DYOR. No financial advice.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
94,846.04
+1.77%
Replies 0