BTC and PSYCHOLOGY - page 2. | Bitcointalksearch.org

upsidedown75

legendary

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Quote from: trecore4 on June 24, 2018, 05:37:08 AM

Indeed if we have to be successful in the crypto world then we have to let our emotions stop right there and we must think about it in logical ways. I mean crypto is not magical place where you will put the money and will get huge returns form it. Thats the part of psychology but however when it comes to the real investment then we have to be patient enough, keeping ourselves upto date as you stated and then we can look through the profitability over the time. Wink

So basically what you suggested is true and this should be recognised by new comers as the old people are already very aware of the market behaviour.

Emotion is one thing that plays out most of the time in every new investor and make them to miss out a lot or make the wrong decisions most of the time and in as much as that is applicable, it would be hard for them not to stop complaining about the market.

Nevertheless, knowledge about the market and how to trade most of the time matters a lot and trading does not have to be learning everything at once since the long term basics alone is even enough for anyone to make quality long term trading decisions without any stress.

herurist

sr. member

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Quote from: cuong1610 on June 24, 2018, 05:29:04 AM

Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.

For me you're fundamental trader/ investor and I'm technical, different method but have same purposes ( profit ). Patience ( wait and see ) is part of strategy and as long you can take the right coin I believe you'll be success. I ignore news because always become opposite of my technical analysis, some times make me stress. Take one method, learn and practice for better result.

lelahkenabanned

member

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it seems the psychology of different people is not the same while the psychology when having bitcoin is also different there are happy there is a fear.

TravelMug

hero member

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Merit: 833

Quote from: cuong1610 on June 24, 2018, 05:29:04 AM

Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.

You have raised a lot of good points here. Yes, its not a get rich quick scheme which everyone has thought. You really need to used your common sense here and not to panic and sell your coins if the price is going down. I would say that crypto will bring a lot of money for all of us, but at least you need a lot of patience and careful planning and not to be greedy as well just like you have said.

richminded

sr. member

Activity: 798

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Quote from: xuan87 on June 24, 2018, 08:38:27 PM

Yes the market of crypto is really scary, and all the people that want to join suppose to be learning the basic and pay attention to the market situation, but most of the beginners don't care about it and just invest and do panic sell, the market of crypto is not that easy to predict

We all have made mistakes, emotion controls us sometimes but Its really not a good thing in the long run. We must continue to learn how to control your emotion, if you are scared about the market right now learn to over come it so you will not made a decision based on your negative emotion. Newbies will always be a newbie if they continue to invest without studying the market.

Koro-Sensei

full member

Activity: 658

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Quote from: cuong1610 on June 24, 2018, 05:29:04 AM

Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.

That's what makes bitcoin unique and any other coins are no exception. Following the crowd might be risky sometimes it seems bullish with the crowd. It also depends if you have already invested on that then add some more then give yourself a favor and determine which point you will stop and get yourself a profit.

pandanaran

full member

Activity: 1048

Merit: 101

Money will come to those who are really smart in controlling themselves, and certainly with a good strategy, based on what you tell it may be because you are just waiting and not trying to find information about the development of coin that you hold, yes maybe because you see too often market so it makes you not confident to hold.

Dudeperfect

hero member

Activity: 1190

Merit: 534

This happens with everyone, I have lost my entire capital multiple times in my initial days of trading when I used to trade based on the others opinion and random advice given on the crypto trading platforms. However, after losing some money I have realised that crypto is all about self-responsibility and one should hold himself responsible for the result set in trading and invest in the crypto market. One must be able to make decisions based on his knowledge, skills & experience instead of his emotions.

xuan87

legendary

Activity: 1666

Merit: 1001

Yes the market of crypto is really scary, and all the people that want to join suppose to be learning the basic and pay attention to the market situation, but most of the beginners don't care about it and just invest and do panic sell, the market of crypto is not that easy to predict

farosa

full member

Activity: 506

Merit: 101

1 & 0 😏

Quote from: cuong1610 on June 24, 2018, 05:29:04 AM

Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.

I think you should be able to manage your own emotions. Because you lose money when you sell all your digital money in every market decline, you can not earn money. Search thoroughly and then decide.

GoldenLad

member

Activity: 266

Merit: 12

The bitter truth still remains that not everyone who wants to invest in cryptocurrency is capable or psychological stable or strong to invest on it. Most people have psychological trauma at the process of it. Most people even attempt suicide because they can't stand the pain and confusions because some of them might have borrowed to invest in it.

StImelda

newbie

Activity: 154

Merit: 0

If there is one thing I have learnt about cryptos and that I will like to pass on to newcomers is that they should never make investment decisions based on what the crowd is saying. I learnt that the hard way, do your own research and do not get too excited about every investments suggestions that people throw at you.

Brunus

member

Activity: 585

Merit: 33

Rasputin Party Mansion

Well, the only way I foud to keep the stress level low is to think about BTC and other cryptocurrencies just as videogame points, and not as money.
I mean, I only use money I dont' need, and I just focut to win the game, not to "earn".
Maybe it sounds childish, but it helped me very much.

miyaka26

full member

Activity: 476

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I hope most of the newbies will try to understand these things about cryptocurrency and to those who tell about this field to their friends should clearly state the risks that this is not a quick rich scheme of investments and you may lose your capitals for dealing with cryptocurrency if you are not careful enough with trading or just buying, OP is right that you should not be greedy as you may regret it later.

Dilerium90

full member

Activity: 756

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Quote from: cuong1610 on June 24, 2018, 05:29:04 AM

Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.

This is an ordinary case. This happens to all newcomers. We need a year to develop our freedom and discipline. Plus, you need your own experience, that you gain from your mistakes and unsuccessful deals. Any way only little percent of traders can make money.

jagdeepjd

sr. member

Activity: 700

Merit: 251

Quote from: cuong1610 on June 24, 2018, 05:29:04 AM

Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.

having a strategy is really important. you should have a proper strategy for entering and exiting the market at the right time and then reentering at the optimum level which you deem fit. I also made some mistakes initially but I learned from them and did not put more money because of greed to recover earlier losses when the market was green. I played along with remaining funds. so you should also asses the situation and only put that much which you can afford to lose.

boy130

sr. member

Activity: 616

Merit: 263

One of the biggest psychological limits people need to overcome when trading is keeping their emotions under control. Most people simply can't take the peaks and troughs of cryptocurrency trading, either because they get too emotional, and think their investment is significantly at risk, or because they have underestimated their own abilities, and they're a master trader. Before you think you can understand the market, first understand yourself and your own limitations.

Nisharawal

member

Activity: 336

Merit: 11

I am no stable coin. to the mooonn.. and back

The post content is really good and you have said it true that Market is not for them who are treating Crypto market or Crypto trading as quick rich schemes. I would like to add that BTC and other trading is fully a psychological game or war where one will win and other has to loose because every buyer has a seller and by this way one has to win the trade and leaving other traders loose.

If you are really serious about trading then kindly approach the trading with counter attack style where you will be trading with a mindset where you will be against all the other views or yo can say the right view in the right direction. BTC trading is similar to CHESS where you need to play by what the opponent is going to move and you should be trading in a similar way to it

cuong1610

newbie

Activity: 364

Merit: 0

Quote from: vintages on June 24, 2018, 09:01:52 AM

Well, it's a good thing that you understand that cryptocurrency investment is not a quick way to make money and it requires time before your income started coming in. And the painful truth is that not every investors is psychological strong to wait for a long time or continue to see the constant unstable price fluctuation. Some investors ends up being depressed.

I have also witnessed many suicides for entering this market. " This market is really fun when you join it with psychological comfort " .

vintages

full member

Activity: 966

Merit: 153

Well, it's a good thing that you understand that cryptocurrency investment is not a quick way to make money and it requires time before your income started coming in. And the painful truth is that not every investors is psychological strong to wait for a long time or continue to see the constant unstable price fluctuation. Some investors ends up being depressed.

Topic: BTC and PSYCHOLOGY - page 2. (Read 387 times)