Well it is always better to set stop-loss if you are keeping your cryptocurrency in exchanges like binance on 10% so that if there is any serious drop in the price of cryptocurrency your portfolio will not shrink.
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I think that this is something that will happen on a continuous basis with people because we are driven by the emotions that we have and therefore i am not surprised to see people subject to FUD.The term FUD will stick with novice traders in the Bitcoin market, because cryptocurrency has a very high volatility, which often affects the psychological condition of new traders.
So in the world of Bitcoin trading, we don't only need technical and fundamental analysis skills, but we must be aware of FUD. So how do you think you can avoid FUD in the Bitcoin market?
Yes, you cant actually avoid FUD when you are investing in crypto currency but you can actually manage them so they don't overwhelm you as the investor and you can still perform your trades.I don't think one can do away with FUD especially if you are trading. It's human nature to be scared of his investment and those are normal traits. The thing that has to be suggested is ways on how to manage them to an acceptable level. No matter the kind of risk appetite am individual has there would always be instances where FUD is shown.
Never rely on gossip or rumors; rather, read reports and evaluations from reputable sources. It's crucial to maintain focus and avoid panicking when the market is unstable. Set reasonable trading objectives and adhere to them.The term FUD will stick with novice traders in the Bitcoin market, because cryptocurrency has a very high volatility, which often affects the psychological condition of new traders.
So in the world of Bitcoin trading, we don't only need technical and fundamental analysis skills, but we must be aware of FUD. So how do you think you can avoid FUD in the Bitcoin market?