I am seeing a lot of people panicking due to the volatility of cryptocurrencies. This panic has psychological roots, as these people are associating cryptocurrencies with gambling or casinos. It is important to understand that cryptocurrencies are not gambling!
There are people who like to take risks, investing their money in tokens and creating sell orders right after. These are the famous "traders". However, it is important to note that these traders have years of experience and, even so, they do not always get it 100%.
Cryptocurrencies are for those who have patience. Never invest money that you will need soon. The ideal is to buy and "forget" about it for a few years. If you do not have patience, the cryptocurrency market is not for you.
In addition, it is important to be skeptical about chart analyses and influencer predictions. The cryptocurrency market is highly volatile and can be affected by news, events or even by a single person (known as a "whale") with a large amount of tokens.
I recently saw a post from a user who claimed that Bitcoin would drop to $73,000. What caught my attention was that the user used a profile picture with an avatar and a Saudi Arabian flag in the background. However, when the price of Bitcoin didn’t drop as predicted, the user deleted my comments and blocked me. This made me understand why his posts only had positive comments.
The lesson here is: don’t trust anyone blindly. Your money is yours, and it’s important to make informed decisions based on your own research and analysis. Don’t let others influence you into making rash or emotionally-driven decisions.
Tokens with a high chance of appreciation:
Hashtags:
#BinanceAlphaAlert #Binance #ETH #xrp #PEPE
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