THE CRYPTO MARKET WILL TEST YOU MOSTLY IN THIS 3 WAYS:
1. Psychologically:
Volatility: The way crypto price dey go up and down fit make person begin doubt imself.
When market dip hard, e fit bring fear and worry, but if e rise fast, e fit make person too over-confident or do anyhow say e no go fall again.
FOMO and FUD: Fear of Missing Out (FOMO) dey push people to buy when price don high,
while Fear, Uncertainty, and Doubt (FUD) fit make dem sell quick out of panic.
The market go always show you these things, dey test how you fit think well and hold your ground.
2. Mentally:
*Constant Monitoring: Crypto market no dey sleep, e dey run 24/7.
This one fit tire person, as investors go wan dey monitor their portfolio everytime make dem no miss any big move.
Information Overload: News, rumors, and plenty talk dey fly up and down for crypto world.
To the process all this information fit make person head full. To sabi which info correct fit be wahala too.
Decision-making Pressure: The mental stress wey dey come when you wan make serious decision on top uncertainty, whether to hodl, sell, or buy more, fit give you fear of making wrong move.
3. Emotionally:
Gains and Losses: When your investment dey grow, you go feel on top of the world, but when e dip fear and anger fit enter.
The way profit and loss fit mess with your emotions fit push you to make decisions wey no make sense.
Attachment to Investments: Sometimes people go fall in love with one coin or project.
Even when e dey dip hard, dem go find am hard to let go, dem fit even hodl am because of hope or emotion, even when e no make sense again.
In whatever you do, avoid making emotional decisions with your crypto investment. 🤝
Volatility: The way crypto price dey go up and down fit make person begin doubt imself.
When market dip hard, e fit bring fear and worry, but if e rise fast, e fit make person too over-confident or do anyhow say e no go fall again.
FOMO and FUD: Fear of Missing Out (FOMO) dey push people to buy when price don high,
while Fear, Uncertainty, and Doubt (FUD) fit make dem sell quick out of panic.
The market go always show you these things, dey test how you fit think well and hold your ground.
2. Mentally:
*Constant Monitoring: Crypto market no dey sleep, e dey run 24/7.
This one fit tire person, as investors go wan dey monitor their portfolio everytime make dem no miss any big move.
Information Overload: News, rumors, and plenty talk dey fly up and down for crypto world.
To the process all this information fit make person head full. To sabi which info correct fit be wahala too.
Decision-making Pressure: The mental stress wey dey come when you wan make serious decision on top uncertainty, whether to hodl, sell, or buy more, fit give you fear of making wrong move.
3. Emotionally:
Gains and Losses: When your investment dey grow, you go feel on top of the world, but when e dip fear and anger fit enter.
The way profit and loss fit mess with your emotions fit push you to make decisions wey no make sense.
Attachment to Investments: Sometimes people go fall in love with one coin or project.
Even when e dey dip hard, dem go find am hard to let go, dem fit even hodl am because of hope or emotion, even when e no make sense again.
In whatever you do, avoid making emotional decisions with your crypto investment. 🤝
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
