Ask Leo: Is Fear and greed a major factor that causes many amateur crypto investors to lose their investment?

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Fear and greed is a factor that has to be fought against by crypto investors in the crypto ecosystem because it is majorly fear and greed that makes some people lose their money to cryptocurrency.
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Now, how can we fight fear and greed? There are only some few ways I am going to be talking about here in this post.
Discipline is a great way to deal with greed as you will need to refrain yourself from greed so as to be able to make profit , discipline yourself well and you will see that the rate at which you make profits increases.
Another way to fight against greed and fear is to set a goal for yourselves, setting a goal will go a long way in controlling your greed as well as your fear, when the market is in a downtrend you won’t have to worry but only look at what your goal is and wait for when you achieve it.
Listen to crypto advices and implement them but do not implement all crypto advices you hear as it can lead to something else. So research and be well informed that is how you make yourself some profit when dealing with cryptocurrency.

Thanks For viewing my post and do have a lovely day

Posted Using LeoFinance Beta



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2 comments
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Most times it is, they are not knowledgeable enough to hang on and see the bright side

Posted Using LeoFinance Beta

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Yea that’s the problem inability to foresee what is to come, thanks for hopping on my post and have a great day 👍

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