Imagine buying ETH, starting with 3000 US dollars, feeling happy when it rises to 3500 US dollars, even happier when it reaches 4000 US dollars, but feeling frustrated and angry when it falls back to 3500 US dollars, regretting not selling at the high to earn an additional 500 US dollars. The mindset changes with the price. In fact, the value direction of ETH has not changed; what has changed is the mentality.
An improper mindset can lead to two negative consequences: first, when the upward trend is not over, fearing a pullback, one may take profits too early and miss subsequent profit opportunities;
Second, after the upward trend ends, stubbornly waiting for the price to return to a high point before selling, resulting in a drop in coin price and no profits at all.
Therefore, investment requires a proper mindset; don’t always try to sell at the peak. Make decisions based on market expectations. If you judge that the market will continue, hold onto your coins and don’t be afraid of pullbacks;
If you judge that the market has ended, decisively sell and don’t wait for the price to return to the high point, otherwise, it is easy to fall into a passive situation.
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