Hey folks.
Well, if you are thinking of investing in crypto, let me tell you that not everyone can handle crypto considering its high volatility and especially during the bear season when emotions run high.
Investors who don't have the ability to control their emotions in times not going their way, it may be easy to get caught up and panic sell which often times make them sell on a loss.
This is why its important to have patience as its a key if you are investing, specially if it's a crypto investment.
The good thing about being patient is that if the prices go down, it might also go up which could be profitable for you.
It's human nature. They get attracted and think of investing when the market turns bullish. This is why its important to not fall into FOMO. Anyone having patience may rather focus on collecting cheap cryptos and hold it for some time rather than buying when the prices go up.
If you are someone who could easily be run by emotions, it might be good not to invest in crypto or otherwise you might lose your money.
Ups and downs of the crypto market can be alarming to new investors who have just started which could potentially involve emotions.
Being someone having a low risk tolerance are more likely to experience stress and relative losses.
This is why, one should acknowledge his emotions and manage to control them.
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