I think the reason why many persons are fearful and sad whenever they see a red bag, is simply because they don't really understand the difference between trading and investing.
An investment never looks at their bags. They're long term holdlers. Their Entry and Exit timeframe is the Daily timeframe, and their Position managing timeframe is the Monthly and Weekly. They're not worried weather the market fluctuates or steady. Their major focus is long term.
for example, @Crypto_rover1 on Twitter invested his whole savings into #BTC☀ 7 years ago, and it was three years ago during the 2021 bull market he became a millionaire. many crypto trader don't have the patience he has, and yet they want to be millionaires.
Warren Buffet is a multi billionaire today because he invest in the stock market and hold some of his stocks for years.
I see that the reason why many complains about the condition of their current crypto bag, is because they didn't really do any proper research on the projects they're holding. Maybe one influencer or KOL influence them to buy it, or #fomo 😂 influence them to buy and now #fud is forcing them to sell at loss... hmmm....
Do your proper research before you buy any asset. So that when the drawdowns days set out, you can have what will give you hope and strength to hold for the good days ahead.
God bless you and Many Happy Days Ahead For You!
