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Hello, guys.
How are you these days?
Now, the price of bitcoin is below $5,300 which can be quite alarming. Who could have predicted it just a week ago? What are the prospects? There is so much uncertainty some traders feel really stressed and aren’t sure they can successfully trade in a market like this.
There are things that one should remember when trading crypto. High volatility is what describes cryptocurrency market. It is in its nature to rise high and to fall low. What does it tell you? If you are balanced enough and have your emotions under control you accept that this is just a part of the game.
High volatility. High gains. Big losses. The main issue here is that it’s not easy to keep calm when everything around you seems to fall apart. Are your investments in danger? Have you lost your mind investing and trading in such horrible conditions? Will bitcoin disappear with all your capital you invested in it? These worrying thoughts are a common place for experienced traders. Don’t let them dwell on you.
Nothing is forever as they say and the night’s darkest hour is right before the dawn. Keep analyzing things and work with what you have. Find the right approach and stick to your game plan. Control your emotions.
Trade smart.
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