⛔⛔⛔ CRYPTO MARKET VOLATILITY: INSIGHTS FROM A SEASONED INVESTOR‼️⚠️🛑🛑
Experiencing market volatility is never easy. It's natural to feel uneasy when your portfolio's value plummets by 30% over three months (for spot traders) or when you're liquidated within hours (for futures traders). Since I began investing in crypto back in 2016, I've learned some crucial lessons:
1. HOLD FIRM: During market downturns, resist the temptation to sell off your assets. Staying invested through the lows can lead to significant gains when the market recovers. In spot trading, losses are only actualized when you sell, so maintain your positions and stay patient.
2. THINK INDEPENDENTLY: Be wary of "expert" advice and avoid letting it dictate your trading decisions. No one can accurately predict market fluctuations. It's important to remember that market declines are temporary and will eventually reverse.
Ultimately, the decision to hold or sell your portfolio rests with you. Exercise patience and maintain control over your emotions. While not everyone will succeed, those who remain resolute are more likely to achieve success. And importantly, take profits when the market is performing well – having cash on hand during downturns can be incredibly beneficial.
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