LIVEDon't Panic: When the market becomes volatile, it's natural to feel anxious.
However, making hasty decisions like panic selling often leads to regret later on. Take some deep breaths and try to remain calm. Staying patient is the wisest approach right now.
Avoid Selling at a Loss: If you purchased an asset for $100 and its value drops to $80, selling it now means locking in a $20 loss. Instead, consider waiting. Prices can rebound again. By holding on, you avoid realizing any losses.
Watch for Market Manipulation: Major investors known as "whales" sometimes deliberately cause panic to trigger selloffs. If you react by panic selling, they profit at your expense. So stay strong and hold your position!
Embrace the Rollercoaster: Crypto is volatile, with dramatic ups and downs. If constant fluctuations make you uneasy, crypto may not be a good fit for you. But if you can handle the ride, there is potential for gains over time.
Don't Let Emotions Override Your Judgment: It's easy to get caught up in the hysteria. But stick to the plan you developed through research, not emotions. Remember, markets do eventually recover from downturns.
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