One thing about the market is that you can never be able to accurately analyse what's going to happen next. And when you do take a guess or predict its next move, it can only be a rough sketch of what's to come, not the whole picture.
This is how many crypto experts all know crypto to be from the beginning, but for those who are just getting started, it seems that they are only about exactness. In the past I dont usually tell people to buy a certain coin because of this reason, but due to how this friend of mine has been disturbing me about what to buy now that the market is pumping I decided to give him some listening ears.
When it comes to crypto and importantly money, you have to make sure you are not the reason for someone else losing his hard-earned money.
I dont like when people lose but then if we are to be realistic there are times when you will have to lose first before you win. After getting my friend to buy his coin few weeks ago and is already in green he called back today because of how the market has been moving to ask if he is still safe to keep investing.
I assured him that his investments were safe and that the current situation of the market was merely a correction but he wasn't feeling me which made me give him two choices which are either to sell half and leave half to see what happens next or sell all.
He said it was better for him to sell all as he has bills to pay already and can't afford to lose any money at this moment he thought I said his investments were safe at first and that's why he's invested because if he knew it would be like this he wouldn't have invested at all.
Well, the market is facing a correction and I see people especially the new investors losing their shit about it. I bet many have forgotten when we were barely around $15k BTC.
But I guess that's just how people are with their emotions.
Thanks for reading
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