Fomo greed and fear always make most people lose money in investing!
When the market is down and the accumulation has a good price, we always see a lot of bad news or many people share that it will collapse deeply and split by 2/3, making most of us not dare to buy?
But when the market enters an uptrend of #Bitcoin , it increases strongly and the Altcoin season runs, we see many reasons to expect it to continue to go up, and not decrease
when everyone is in the winning mood and often has strong fomo at those times, forgetting the difficult days and storms of the present.
Because of that, most of the brothers who enter this market often get caught up in the peak and lose money, is that so? When there is profit and at the top, it is not possible to close it or at that time, greed arises and borrows money to buy recklessly.. As for new people, at that time, they see that making money is too easy, so they sell their house and go all-in or borrow a lot of debt to fomo, so most of them are chasing the top?
Because of these things, investors often cannot buy at low prices but have to buy at very high prices, buy when altcoin has not adjusted or buy when #Altcoin has run quite far..
So most people look at the past and see it as very easy to make money, but in the market, it operates very unpredictably, causing most of them to lose money. Is that so?
To manage greed, the most important thing is that you should know enough as well as know how to allocate capital reasonably, do not go all-in at any time, always leave yourself a path to be able to live and survive with the market.
