Don’t Panic and Buy

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I found a coin called Wabi I want to buy. It is a newer coin and has only been on the exchange a few days. Which means there isn’t a lot of information to go on.

I have been watching it for the past few hours. When I started watching it was at 0.0001400. The high for the day was 0.0001481, so I didn’t want to buy at the current price. But as I watched it kept going up.

As I am writing this, it has hit 0.00015900, which is a new high. A part of me just wants to buy it now. The price has continually gone up and who knows when it will come down. But it is never a good idea to panic and then buy. I need to just keep emotions out of it and remember it always dips.

I actually stopped writing for about an hour and watched the charts of Wabi. While watching this happened…..

I made my purchase during this dip. This is a good example of not panicking and making a bad buy. Sure, looking back if I would of bought earlier I would of gotten a lower price. But there was no way to know for sure. I played it safe, waited until another dip came and bought.

Remember to take your emotions out of it the best you can. Panicking will usually cause you to do something you will regret.

 

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