Controlling emotions the hard part of investing

A few months back, a friend of mine contacted me with questions about Crypto. I explained to him the risks involved and emphasized the importance of emotional control. Despite understanding the risks, he expressed that he could not invest in Crypto. However, every time the Crypto market fluctuated, he would reach out to me expressing his doubts. What most people misunderstand about investing is that the most challenging part is not finding the right project, but rather having the patience to hold onto your investments even during tough times. It's important to have faith and remain patient even when things aren't going well.

For the past few days, my friend has been disturbing me, asking me which coin to invest in. Any time he sees the Bitcoin price goes up, he will message me to know the coin or the projects that he can invest his money in, and my response has always been that if you can't survive the bear market, it will be tough for you to survive the bull market. You still need to be able to control your emotions. After all, if you can't do that, it will be tough for you to make a real profit. It is either you sell early, or you sell late and you might lose potential life-changing money.

It might seem long but patience pay

Not everyone can handle Crypto, especially during the bear season when emotions run high. It's easy to get caught up and sell, even if the project is strong. Those who can't control their emotions often end up selling at a loss. Patience is key when investing, especially in crypto. Even if the price goes down one day, it might bounce back the next, and you could end up making four times your money. Unfortunately, most people lack the patience required for investing, which is why they avoid it altogether, including Crypto.

The truth is excitement is building, and everybody wants to invest in Crypto instead of investing in bear markets maybe they should have been profitable by now. They choose not to invest, but they want to enjoy their abundance. One thing that they forget is that even in the bull market, Crypto still deals with your emotions. You still have to be patient and still have to be able to control yourself and if you can't do that, you will always sell at the wrong time. the truth is investing is not for everybody if you don't know how to deal with it.

A major percentage of the work you do when you invest is controlling emotions.

Investing is all about putting your money away and keeping your emotions in check. It's essential to have patience and realize that investing is not for everyone. If you find yourself unable to control your emotions, it's best to stay away from investing altogether to avoid selling in loss and losing money. It may seem simple to control your emotions in theory, but when you find yourself in a situation where you've put all your life savings into a particular project, you understand how difficult it can be. it's great to be emotionally strong when you invest and also important to remember not to make decisions solely based on our emotions because we will always lose money.

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