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RE: Cryptocurrency Bloodbath On Back Of China's Confirmation Of Exchange Closure
Man @lexiconical I logged on and looked at my portfolio and seen it was down bad and I just logged off. Didn't even want to see it at that point and I'm definitely not going to rush into a decision. If anything now is the perfect time to buy more as it's cheap to get loads of it.
Agreed. I strongly recommend not price-watching, particularly on bad days, but also on good days.
If you don't train your brain to "believe" you're making money when the price goes up, it's a lot easier for it to accept that you aren't losing money when the price goes down.
Nothing is gained or lost until you book a sale or close your short/order. It's still relatively rare for cryptos to just fail. If you don't like the price you are getting, set a limit sell order at a price you do and ignore the heck out of that market.
That summarizes my current relationship with Siacoin, for example.