Sotherefore
VIP Contributor
Fear is likely to be observed with inexperience traders and this is among one of the reason a lot of people are losing in cryptocurrency , there are ways people can lose out of Fear when trading or investing in crypto.. It will take a high level of experience or guidance to really guide a trader and investors to understand what investment or trading of cryptocurrency is all about.
These are ways that fear could leads to failure in cryptocurrency
1) Selling at the wrong time.
This is mostly observe with new traders, newbies that are coming into the crypto space might believe that cryptocurrency are to maintain a constant uptrend, if there is no experience and understanding of how to manage and withstand the Bear season there is likely a high possibility that a new investor will likely sells out during this period which will obviously lead to loss..
New traders are to be guided on the decision to take when the fear of losing sets in.
2) Not being confident.
Lacks of confident in the cryptocurrency you are investing on is always as a result of fear, There are investor who are investing for long-term purposes while others are investing for short-term purpose , as a crypto investors knowing your position in the cryptospace will makes it easier to decide what to do when challenges arises.
All cryptocurrency are completely unpredictable no doubt but in any cryptocurrency you are investing on you should we be confident as this could prevent you from selling off at the wrong time ..
These are ways that fear could leads to failure in cryptocurrency
1) Selling at the wrong time.
This is mostly observe with new traders, newbies that are coming into the crypto space might believe that cryptocurrency are to maintain a constant uptrend, if there is no experience and understanding of how to manage and withstand the Bear season there is likely a high possibility that a new investor will likely sells out during this period which will obviously lead to loss..
New traders are to be guided on the decision to take when the fear of losing sets in.
2) Not being confident.
Lacks of confident in the cryptocurrency you are investing on is always as a result of fear, There are investor who are investing for long-term purposes while others are investing for short-term purpose , as a crypto investors knowing your position in the cryptospace will makes it easier to decide what to do when challenges arises.
All cryptocurrency are completely unpredictable no doubt but in any cryptocurrency you are investing on you should we be confident as this could prevent you from selling off at the wrong time ..
