Panic selling in CrytpoLand! Please educate yourself before even investing

"Investing in this NEW market with an enormous long term potential" this is exactly what I have been telling my friends "who came asking me for advice" over the last 4 months. But yet, they are also guilty of panic selling because the don't want to lose any money "short term".

Why do people sell?

Because they panic and don't have a clear understanding of what they have invested in. 90% of the people buy when the market goes up and 10% sells, and of course this also goes visa versa. This is exactly what happened over the last days. It's just the way the brain works and the only way to protect yourself from selling when there is "blood on the streets" is to educate yourself and understand that investing in blockchain technology comes with education and BALLS.

• Understand that we are in a very volatile market (Educate yourself)
• Don't Panic when the market comes down, you know when you make 40% in a week you can also lose 40% the next week.
• Go long term.... this is something many people don't get, they look everyday at the price and panic.
• You only take a loss if you convert your crypto's to FIAT money, So don't convert and read bullet point 1,2,3 again.
• Only invest with money that you can afford to lose.

I can summarize a complete A4 with bullet points on what not to do, but it all comes down to look yourself in the mirror and ask yourself; Did I invest in this market for the long term? If so? just relax and think about the bright future ahead.

Yours Truly,

CryptoPaul