I still find it amazing how quickly sentiment changes about cryptos
How can so much change in less than a week?
At least in my opinion, it's very distressing to be so worried and influenced by prices in such a short space of time. It used to cause me a lot of anxiety back in 2017 and 2018, but nowadays I manage to stick to my long-term plan without being so affected by general short-term sentiment
It's dangerous to get caught up in FOMO, and it's also dangerous to get disillusioned and sell your cryptos when everyone's sentiment points to the bear market
That's right. Sometimes the media makes it seem like now is the right time to sell the coins we have. Without us realizing it, we don't have our own principles. Don't let the heated news from the media tempt us to sell our coins so that it doesn't allow us to be optimistic about our stance. us. This cycle has been running for the last few years. Sometimes the crypto market tends to be expensive and then a few days later the price falls. We as investors should continue to do our own analysis so that we don't regret it in the future.
Well, it concerns emotion since finance, including crypto, news can lead to impulses and cause people to just sell this or that without reasonable analysis. This can harm long micross strategies and provide loses when market prices are reverted. Thus, the stability and confidence with which to approach investing is achieved through having an efficient set of investment principles, and not letting oneself be swayed by worthless opinions on the market.
It is also important that smart investors should always depend on analysis and facts in coming up with decision. Such activities of carrying out personal analyses, anticipating changes in the market trends or indeed the world can act to serve more as a reminder of long-term objectives rather than emotionally charge one up for a particular track that may be improbable to service in the short run. When managing our money, we should keep our goal in mind and not get lost in the unpredictable market and enjoy a float when conditions seem choppy.