The thing about whales is that they do not trade more than you they just wait longer than you.
The main difference between a trader and a beginner is being able to control your emotions. When the price of Bitcoin drops by 5 percent beginners tend to sell their coins in a panic. On the hand whales see this as a good opportunity to buy more coins at a lower price, which is also known as Dollar Cost Average or DCA for short. If you still believe in Bitcoin then a temporary drop in price is like a sale where you can buy more coins at a discounted price.
Here are some tips that can help you survive in the crypto market:
* Isolate the noise: stop listening to what other people're saying when the market is crashing.
* Check the RSI: if a coin is oversold it is usually a time to buy, not sell.
* Secure your gains: use Binance Earn to get some money while you wait for the price to go up.
In my opinion the crypto market is doing well. Every time the price drops it is like a gift, for people who are holding onto their coins for the term.
What do you think the price of Bitcoin will be this month? Save this post. See if your guess is correct.
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