Emotions and Investments: How to Deal with Panic During Market Drops
The cryptocurrency market is known for its volatility, and price drops can cause panic among investors. It's important to remember that panic is a poor advisor. Here are some tips for managing your emotions:
Plan your investments in advance. Determine how much you are willing to lose ahead of time and stick to that plan.
Avoid making decisions in an emotional state. Wait until your emotions have settled before deciding to buy or sell.
Use relaxation techniques. Meditation and deep breathing can help calm you down and look at the situation more objectively.