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RE: Cheer Up and Don't fall into the Panic Sell Trap - (Advice from an idiot who has done it before and regretted it).

in #life8 years ago

Good advice. It was funny, I did an interview with Rogue Money yesterday morning. I said the markets are going to have a correction and that I thought it would be a bigger correction than most people think. Then the uneducated money that entered with the hype and who are unfamiliar with the volatility would panic sell, that would snowball and prices would continue lower.

I am sitting watching the markets, being patient and looking for value atm. Remaining disciplined is one of the hardest and most important things to master, when becoming involved in the crypto market. I hope newcomers will learn from your advice.
On a side note, what are your feelings about Bitshares? This is one area where I still feel that I have a lot to learn. Do you think graphene based crypto has a bright future? All the best, hope you enjoy your weekend! https://steemit.com/news/@digicrypt/digicrypt-interview-with-rogue-money-crypto-markets-ethereal-summit-blockchain-steemit-zappl

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I myself feels I have to learn a lot about cryptos. Those who keep themselves disciplined, are the ones who enjoy the spoils of their hardwork.

Thanks mate. I will check it out. I think you got the reasons behind the fall spot on - there is no way to know for sure but it seems very likely.

The thing is those same people that panic sold are going to end up panic buying again when the prices start to rise again!

I'm not as familiar with Bitshares as some of the other people here, but I think there is big potential for DEXs. I don't have any intention of selling my BTS any time soon.

"The thing is those same people that panic sold are going to end up panic buying again when the prices start to rise again!"
Exactly!

I am in a similar situation with BTS, need to know more but I can still see the potential. Holding. Wish there were more wallet options for BTS though.