In my previous post I wrote about emotions and panic. You can see it very clearly in the chart. The red columns mean that people have sold, the green columns mean that people have bought. The people who sold BCH below $300 under the influence of emotions and panic gave their money away to those who bought BCH below $300. And if we zoom it out further, maybe it will be the same for all those who sold below $320 or even $340, it depends on how far the price will recover. It's actually so simple if you have the emotions under control.
3 comments
Emotions... as i have learned, crypto and stock market are not for the weak of heart or panic emotions will happen
For me it is a fairly simple decision to just HODL and even do a little more accumulating since crypto for me only represents 2% of my entire portfolio. I do not need the money and so I will just let it sit there and do whatever it wants.
This is the best strategy