The Drop... 😱
People are funny. I think we're all guilty of this:
Prices start to fall. Look at the crypto market today. There's lots of red. And so we start to panic. We start to wonder whether we should sell up quickly to stem the losses?
The last thing on our minds is BUYING! (when perhaps it should be...)
And yet, when you think about things logically, if you believe in a crypto/stock/asset and the price drops, you should view it as being "on sale". Like a Black Friday sale. The chance to back up your truck and load up!
But we rarely do. We sit and moan. And lament our losses. Until the price starts to go back up again, and then we resume our buying.
People are funny.
(Not financial advice).
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i was shocked when i saw the market gone down like that
Today has once again turned out to be a very bad day for the crypto investor. But don't worry after some time we will see the market will go back to the same place.
Well, I actually feel it is normal to panic but it is abnormal to sell when the price goes down and you have not made your profit...hahaha