Few simple tips for newbie to follow to stop loss while Bitcoin crashes down.
Don’t Panic - Panic is the cause of taking big losses in the Crypto currency world. When the market goes down, many people sell at a loss. Patience and right time can recover your investments into profits. Crypto currency world is based on ups and down. So, be prepared and make your mindset, what you can lose before you start trading if it goes wrong.
Be patience
Not to be greedy (Nothing comes overnight)
Wait Wait... and buy when it is low
Wait Wait... and sell when it is on high
Always keep an eye on Bitcoin price and market capital before you buy and sell
Apart from Bitcoin, there are many other potential coins in the market to invest. Before investing on other coins, study the coin graph, technology, their team and white paper
Invest only 10 to 20% of your investment till you get familiar in trading
Don't over trade and keeping looking every now and then
And be careful of FOMO
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