There are 12 very dangerous views on currency prices. Operating with these wrong views will only increase investment risks.
Based on the summary of investment guru Lynch.
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1. If the currency price has fallen so much, it can't possibly fall again.
2. You can always tell when a bear market has bottomed.
3. If the currency price is so high, how can it rise further?
4. What can I lose by buying low-priced coins? Bad cheap coins can be just as dangerous on the way down as bad high-priced coins.
5. Eventually the currency price will come back.
6. The time before dawn is always the darkest. But sometimes after darkness, there are darker times.
7. Sell the currency when the price rebounds.
8. What do I have to worry about? Conservative currencies will not fluctuate too much.
