The trick to not buying the tops is, buy before the hype - sell on the hype.
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The trick to not buying the tops is, buy before the hype - sell on the hype.
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:) I agree but it is not that easy to do when you have not experienced the full cycle. I FOMO hard and panic easy. A typical user I guess. I am learning.
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If you wanna avoid engaging in FOMO and panicking during price drops, it may help to come up with a plan. Say you're planning to invest in a cryptocurrency for a year because you think it has a solid foundation to do well. You could buy some and then set a price of when you plan to sell. Allow some room for volatility (volatile assets tend to waver within a range, so pick a price outside that range; whatever you're comfortable with potentially losing), then sell if it ever reaches that price. Evaluate your plan occasionally to adjust your sell price if the asset increases in price. Basically, have an exit plan before you enter.
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