I know most people in crypto check prices multiple times daily. In my personal experiences, when we check prices daily we tend to lose the macro perspective and let the emotions make the most of our decision making.
A lot of people new to crypto will panic sell their holding when they see consecutive red days because they fear for the worst. I guess it's okay to be prepared for the worst-case scenario but one should make their investment decision based on their research and they must stick to their long term game plan.
We are driven by emotions far more than we like to admit, not unlike other species. It's just always fascinating to see it play out during crypto bear markets where controlling your emotions would be insanely beneficial.
I guess If you're trading then controlling emotions is extremely important. Some people accumulate more of the coins they truly believe in by selling them during bull and buying the dip. There are all sorts of people are in crypto. All I want to say is I'm writing this post to myself and trying to educate myself while sharing my perspective on things.
Even though I'm talking about controlling emotions, I also still learning and finding ways to control emotions not just crypto but also some other aspects of life.
It's not so easy to think long term. When you hear people telling you they sold Bitcoin at $20 because they failed to zoom out. And we have people who sold Hive at $0.20 in our community too.
The harsh truth is that only the strongest make the most money in crypto.
https://twitter.com/AshleyPurdy/status/1469987544414760961?s=20
- AshleyPurdy
Yeah but not everyone has had Bitcoin since 2010, I just started in September, and lost everything I gained in October, I'm not selling, hodling and buying dips, but this is very frustrating.
HODLing can be frustrating for many. We just need to find a way to see the bigger picture with crypto.
Hive: leofinance.io/@nathanmars
Twitter: Twitter.com/NathanMars7
Telegram: nathanmars7
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