Don’t Panic: When the market gets crazy, it’s easy to feel scared. But selling in a hurry can lead to regrets later. Take a deep breath and stay calm. This is the best thing to do at this moment.
Don’t Sell at a Loss: Imagine you bought something for $100, and now it’s worth $80. Selling it now means you lose $20. Instead, consider waiting. Prices can go up again. If you do not sell you do not lose.
Big Whales: Think of big players in the market as “whales.” They sometimes create panic to make people sell. If you panic-sell, they benefit. So, hold on!
Be Patient: Cryptocurrency is like a roller coaster. It goes up and down. If you can’t handle the ride, maybe crypto isn’t for you. But if you can wait, good things might happen.
Emotions can trick you. Stay strong, trust your research, and stick to your plan. Remember, markets recover over time.