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    Author Topic: Some important tips about the bitcoin market  (Read 1014 times)
    abel1337
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    January 17, 2021, 05:43:41 PM
     #21

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    6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose
    This should be applicable to both the buy and sell, attaching emotions in cryptocurrency don't usually end up in good. There was a similar case when i apply this to my bitcoin sales during the early days of the market raise during December, 2020 but got myself blamed after my sold, so, hold for a long term without panic irrespective of market volatility should be embrace. As a beginner, don't ever attach emotions during the buy and sale of bitcoin(cryptocurrencies).
    It is applicable to every aspect of life I think. It is a good practice to control emotion daily as it improves your decisions in life and doing it on the market will give you good results. I believe that most crypto users have experienced regrets in their buying and selling price, Emotions do affect people especially if they are new to this volatile market and rushing up buying and selling. Sometimes it is quite helpful for traders to rush things depending on the situation and the strategy they are doing but I know these kinds of traders know that they are doing the most logical thing to do in the market.

    Rushing doesn't mean you are acting emotionally and being emotional doesn't mean you are rushing in the market.
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