Every single time there's a dip this sub floods with posts about how everything will be fine and why you shouldnt be worried for it. Most of them say "this is just a dip, prices will go up again, dont worry". Well, guess what? You may have already read this here: nobody knows shit about fuck. Yes, it could be a simple price dip caused by people taking profits or selling because of some FUD. But maybe its a market crash like the one we lived in May this year when BTC fell 60% from its ATH in a matter of hours.
Nobody will ever know if a 3% dip will become a 70% crash. Nobody, not even the most experienced and successful trader in the world can predict a market crash. He might have more possibilities of predicting it than the average person, but chances are he wont be right.
You need to know that the market can crash anytime without previous notice. I assume you know what a black swan event is, it can happen anytime and if that happens the market will go down to oblivion.
9 March 2020 was a black swan. People already remember that day as "Black Monday", there was a global collapse of the markets caused by the COVID-19 pandemic. It was the biggest market crash since 2008. It was a stock market crash but the stock market always drags down the crypto market with it. Some people thought it was the end but here we are. Since that day BTC has done a x20.
If you are worried, anxious, sad... when there's a dip here is probably what's happening to you:
- You are overleveraged
- You invested more than what you can afford to lose
- You are new and thought that crypto only goes up
- You are into crypto for pure speculation
- You are trading with your feelings and emotions
- You FOMO'ed at an ATH
- You are greedy and can't stand red numbers
All of the above statements are big mistakes only a newbie makes.
If you really want to be successful on crypto then you need to learn the basics of investing. Invest in solid projects with good fundamentals, never use leverage, invest what you can afford to lose, get emotions out of the market...
And most importantly: long term investments are the most profitable ones. Specially in crypto (assuming you put your money in a good project and not in Cum Elon Doge Sperm Inu Safe Uranus token). NOBODY has ever lost money by holding.
And dont get me wrong, I myself love seculating but Im not a professional trader. When ETH dipped from 4k$ to 3.5k$ in May I bought a lot of ETH thinking I was buying the dip and planning to sell it a week later for making a quick buck. The dip turned into a crash and it went down to 1.7k$. I was calmed, I bought more at that price and just holded my way up to 4.2k$ and liquidated my position. I've been since May to October in red. No issues, I trust ETH and it's a solid project so I was sure it would go up again. But I dont know shit about fuck so I could've been wrong.
I've done +700% in the last year just by holding bitcoin and ethereum. No trading, just holding what I bought in November 2020. So learn how to invest properly and you wont feel bad when there's a dip/crash. Stop speculating, start investing.
TL;DR: keep your feelings out of the market and learn the basics of investing so you dont feel anxious when Elon Sex Cum Inu Rocket Mars dips 15%
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