With the bull run, you need to take these steps before losing your mind
If you are invested in the crypto market, you are possibly feeling that anxiety right now. This is a good anxiety but also a troubling one. The market is going up very fast and your emotions are making you very happy since you invested and have been patient over the years. Your emotion are also telling you to sell so you can make a profit. The big question is will the market keep going up?
Then you may be asking yourself, should you sell some losers or wait it out for the altcoin rush to keep going. There are several cryptocurrencies taking off like a rocket ship. XRP and XLM are seeing double returns in the last 24 hours. Even DOGE woke up and is seeing some action. Dogs like to have fun too.
This feeling is different than 2017. Last time, Bitcoin took off before altcoins went on their run a few weeks later. Now both markets are moving. Bitcoin is not moving as fast as some altcoins so you keep asking yourself — do I buy or do I sell?
Your crypto gains are going just as fast as Tesla stock shares this year. This won’t make you as rich as Elon Musk who passed Bill Gates as the second richest person in the world. This is when you need to have good principles to help you whether you buy or sell in this market. It is too easy for you to make a mistake but the key is you need to take your profits unless you plan to wait for the next bull run in four years or so.
With the holidays coming up, you may want to lock in your profits and share the wealth. You don’t want to start 2021 with losses if the market decides to correct which is quite possible.
The market is moving very fast just as fast as your anxiety. These are five tips you need to use to help calm your anxiety.
- Step away from the screen
- Go for a walk
- Drink some tea or coffee
- Read a book
- Watch a movie