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RE: Calm Down! A Few Thoughts about Investing and the Ups and Downs of the Cryptocurrency Markets
A lot of it can come down to mindset. People are losing their shirts because they see a loss and they panic and exit trying to “prevent further loss.” Then they buy back in at a higher price because they missed the boat yet again. Now that is losing.
When in reality if they did not need the money today, and don’t see themselves getting out of the market entirely they should have just kept the money in.
A lot of people are just going on gut reaction more than anything.
What they have is an "unrealized gain" that got smaller, but they interpret BTC going from $19000 to $12000 as a "loss" even though they actually paid $3000 in the first place, and are still sitting on a 4x gain.