WHEN TO STAY CALM IN THE CRYPTO MARKET – BREATHE AND DON'T FOMO!
Crypto is an emotional battlefield. If you can't stay calm, you'll easily become the person “holding a plastic bag” in a storm. Here are 5 situations where you need to keep a cool head:
1. The market dumps hard: Prices drop, panic ensues, everyone is scared. Don't rush to sell off, check the project again; it could be a buying opportunity.
2. Prices pump wildly: When the whole world screams “to the moon,” don’t chase the peak. Stay alert, analyze technicals and news before entering a position.
3. Losing and wanting to recover: Just lost your account and want to “#get back in,” it's a sure way to fail. Breathe, stop, and reassess your strategy.
4. There’s big news: Don't react immediately to hot news. Prices often don't move as expected. Wait for the market's reaction before making a decision.
5. Winning continuously: Sounds unreasonable but extremely dangerous. At this point, it's easy to become complacent and forget to manage your capital. Remember: the market does not spare anyone who is delusional.
Summary: Staying calm is not weakness; it's a way to survive. Patience – is how to make money.
