📈 Major Correction: Caught By Surprise?

I remember a time when I was feeling so good and great with my paper gains... This is not bad, we tend to feel down when we incur some paper loss.

Neither is real.

When Bitcoin is up and we have a good entry, the only way to win is by securing profits or waiting long-term... Even with the long-term wait, at one point we have to use our assets or cash-out in some way.

When the market is moving down-low and our paper losses are big, we can decide to take the loss and move on or hold. Holding is easy of course... Taking a loss can happen if we are not prepare or simply meet our stop-loss.

Sometimes panic and market-psychology can be the cause of a loss.

Say Bitcoin drops by 30% in a matter of days and instead of waiting since the worst is already over, we sell and the market turns. This can be both panic and market-psychology at work.

Many of us are used to the feeling of losing, selling while down, just being beat and being down.

Some of us are humble enough to secure profits on the way up. The biggest winners are the most humble but that is something most people don't know.

But the topic is not about feelings but about the market; Bitcoin.

It is going down... Are you prepared?

Don't get caught by surprise.

Thanks a lot for your support.

Namaste.