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Why Do Many People Buy at the Top and Sell at the Bottom – And How to Avoid Making This Mistake
Let’s face it: most traders lose because they do the opposite of what they should do. They buy when a coin is being heavily discussed on social media, and panic sell when the price drops slightly. But that’s not trading; it’s emotional gambling.
What Is Really Happening?
When prices start to rise sharply, the crowd gets excited. Phrases like “This coin is about to go to the moon!” pop up everywhere. And so, people FOMO (fear of missing out), rushing to buy at the highest price, hoping to make several times the profit.
What Is Really Happening?
When prices start to rise sharply, the crowd gets excited. Phrases like “This coin is about to go to the moon!” pop up everywhere. And so, people FOMO (fear of missing out), rushing to buy at the highest price, hoping to make several times the profit.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
