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Reasons People Panic When Crypto Is Down - Investment - Nairaland

Nairaland ForumNairaland GeneralInvestmentReasons People Panic When Crypto Is Down (801 Views)

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Reasons People Panic When Crypto Is Down by DaBogu(op): 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
Re: Reasons People Panic When Crypto Is Down by Zobah: 12:23am On Sep 18, 2021
Good morning
Re: Reasons People Panic When Crypto Is Down by DaBogu(op): 3:22am On Sep 19, 2021
wink
Zobah:
Good morning
Re: Reasons People Panic When Crypto Is Down by SMJay: 10:46pm On Nov 23, 2021
Spot on
Re: Reasons People Panic When Crypto Is Down by DaBogu(op): 7:26am On Feb 09, 2022
cheesy
SMJay:
Spot on
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"
Re: Reasons People Panic When Crypto Is Down by DaBogu(op): 9:34pm On Feb 16, 2022
Hez143:
moral lesson: "Don't go broke trying to invest"
Sense will not kill you
1 Reply

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