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The whale that sells at a loss and buys at a higher price
What a strange story!
This whale keeps repeating the same mistakes over and over:
* Selling in a panic: He sold huge amounts of currency $ETH at low prices.
* Buying at a higher price: Then he bought the same amount again but at a higher price, resulting in significant losses.
These behaviors highlight an important idea: Emotions are the biggest enemy of the investor. When fear or greed take control over you, you may make irrational decisions that harm your long-term investments.
A lesson from this whale
The wisest strategy is often the simplest:
* Hold: In volatile markets, the best
decision may be to do nothing.
* Dollar-Cost Averaging (DCA): Instead of trying to time the market, you can buy at regular intervals to mitigate the impact of fluctuations.
Don't let market volatility fool you.
Patience and perseverance are the keys to success in the world of cryptocurrencies.
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