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Nairaland Forum / Nairaland / General / Investment / Reasons People Panic When Crypto Is Down (587 Views)
Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days / Reasons People Are Broke / Crypto Is A Manipulated Market! (2) (3) (4)
Reasons People Panic When Crypto Is Down by DaBogu: 3:30pm On Sep 15, 2021 |
One of the common reasons people panic when their stocks/crypto are down. It's because they're investing with money they'll need in a short while So the drop in value makes them feel they're losing money. In a bid to avoid more losses, they panic sell and liquidate. But when you're investing with money you'll not need for a long while, you'll be less bothered when your stocks/crypto are RED It gives you peace of mind Investing alone doesn't mean you have Financial Intelligence That's why some people just rush to "Invest" just for the sake of ROI And more times than not, they tend to get burnt Not all money are to be invested === If you can't leave your money away for at least 6 months - 1 year, then maybe you shouldn't be investing in the first place You'll be better off putting your money in Piggyvest That's why I often say you can't separate personal finance from investing Get the right knowledge Invest wisely Be at peace #RetireYoungAndRich 4 Likes |
Re: Reasons People Panic When Crypto Is Down by Zobah: 12:23am On Sep 18, 2021 |
Good morning 1 Like |
Re: Reasons People Panic When Crypto Is Down by DaBogu: 3:22am On Sep 19, 2021 |
Zobah: |
Re: Reasons People Panic When Crypto Is Down by SMJay: 10:46pm On Nov 23, 2021 |
Spot on 1 Like |
Re: Reasons People Panic When Crypto Is Down by DaBogu: 7:26am On Feb 09, 2022 |
SMJay: |
Re: Reasons People Panic When Crypto Is Down by Hez143(m): 8:13am On Feb 09, 2022 |
moral lesson: "Don't go broke trying to invest" 1 Like |
Re: Reasons People Panic When Crypto Is Down by DaBogu: 9:34pm On Feb 16, 2022 |
Hez143:Sense will not kill you 1 Like |
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