Major news sites will sometimes release very negative, and often, threatening news.
The news may be about a country banning the use of cryptocurrencies, or about how Wall Street doesn’t want to get in. Deceiving headlines are the foundation for propaganda.
A lot of these news articles are intended to generate clicks, controversies, and sometimes even FUD. It’s often very exaggerated.
Source: independent.co.uk
One more style of content that can negatively persuade you is sponsored content. Websites and media you trust will promote a product not because they use it and like it, but because they’ve been paid to promote it
Sponsored content is fine as long as it is clearly noted that the content is paid for. Many times, sponsored content looks just like non-sponsored content, which can be deceiving.
The most effective change you can make to improve your long term cryptocurrency investment strategy is to read these articles - not just the headlines - and cross-reference opinions. Stay calm and remain skeptical at all times.
Emotional Attachment
Many investors become attached to their investments at an emotional level. They put lots of faith into their investments, and hate the thought of selling before the next pump
I have met several crypto investors who have been down 95% on an investment. They read that the project has been abandoned by the team or delisted from exchanges, but they still won’t sell because they irrationally believe it will come back.
Source: imgflip.com
This goes along with our personal biases we mentioned earlier - humans don’t want to admit they are wrong.
Don’t get emotionally attached to your coins. Always invest based on logic.
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