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Bitcoin Forum / Re: Why do people panic and sell their bitcoin when it falls in value?
« on: Today at 10:40:21 AM »I have always thought that selling at a loss is a serious mistake. I understand that people who sell at a loss may think that by selling they will not lose everything, and that they will be able to recover at least part of their investment. But it is just as important to know how to wait as it is to know which project is the most appropriate, that's why there are people who never make money, due to lack of patience.There are quite a few times in the past where I need to sell some of my Bitcoins because of some events that I can't even control. My mistake at that time is that I went all in on Bitcoin and other altcoins that I forgot to put some of my emergency funds, and when the time comes that I need it, I don't have anything and cryptocurrency at that time is also going down. I have no choice, but to sell some of my tokens just to have some money to use. I sold it at a loss.
I'm disappointed on my decision, but I just thought that at that moment, my priority is the emergency that happened than my portfolio hence, I did that thing. I learned from that of course, and now has emergency funds already.