BTC and PSYCHOLOGY - page 3. | Bitcointalksearch.org

supermine

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Quote from: cuong1610 on June 24, 2018, 04:29:04 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.

Decision making is important in the crypto currency investment because the market will not be stable so we need to decide what we have to do according to that market situation.This is not a safe investment so never invest more than you can afford to lose and this is more or like gambling if we are lucky we can make it.
Currently the price of bitcoin is under $6000 more people are now afraid to get into that market because of the fear that the price will not recovered but the people who have enough mental strength that can understand that the price crashed earlier to so if we invest now we can make some good profits when the price recovered will get more successful in the bitcoin investments.

bitbunnny

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Psychology is always important when any kind of investment and money is involved so with crypto is the same. It's very important that you can control your emotions and think with the cool head and those are the skills I beleive you can train. It's also important to know basic psychology features of others to be able to understand some actions and behaviour.
Once more we come to conclusion.that trading is very complex and that good trader needs all sorts of different skills and capabilities.

hasmukh_rawal

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It's been quite a while now in crypto trading and I have made so many mistakes throughout that it has been so great over the past few months.
Trust me, I was a panic seller once but now I have got so much experience that over past few months , despite the bear market, I am holding on tight to my investments in cryptocurrency. I believe that when the time is right the bear market will over and the prices will start rising.

trumper

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Your point is nonsense, when you are a newbie you basically know nothing have no knowledge, so no unique insight. ''I would like to recommend that you always be strategic investors, and do not be too greedy'' Becoming a strategic not greedy investor might take lots of years and that might still not work in crypto

erickkyut

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That is one of the most vommon reasons why some traders end up to losses in the trading industry. We call that trading psychology or their emotions. If you can't control your emotions, you'll end up FUDding yourself and worst is loss. If you are in trading industry, you should learn how to handle your emotions especially if the market is bearish.

cuong1610

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Quote from: btc-facebook on June 24, 2018, 06:09:03 AM

Crypto currency trading far more riskier than ordinary stock trading so if you can afford to lose, better to stay away from it because you will lose eventually if you are not preparing.

Although you're expert trader will experience major loss

That would be the experience for everyone. In this field, people should be comfortable participating. And do not be heavy on making money on it

btc-facebook

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Crypto currency trading far more riskier than ordinary stock trading so if you can afford to lose, better to stay away from it because you will lose eventually if you are not preparing.

Although you're expert trader will experience major loss

cuong1610

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Quote from: Lucius on June 24, 2018, 05:20:47 AM

Quote from: Semosuchi Tesongrato on June 24, 2018, 04:41:54 AM

I do not know if all those who say they are not influenced by emotions, really manage to be lucid when they see their capital disappear.
Sincerely, I can keep some control, but sometimes I suffer panic attacks that are really difficult to manage.
Sometimes I wonder if the gain (presumed ...) justifies the stress Sad

When it comes to cryptocurrency we should start thinking differently, maybe it is true that value of your coins going down and in some cases selling is good option, but in case of BTC we should look in long term. Today 1 BTC has a value under 6000$, but in a few months can very easily double the value - so there should not be places to panic.

BTC is a risky investment and it is not for everyone, sometimes is better leave something if it affects health, or just turn the "bad" situation to your benefit. It is not time to feel bad, but to maybe think how to buy more cheap coins.

And I once bought no value coins, and then no one traded. Psychological issues must always be firm in decision-making, not afraid to see the market down. For long term investors, this will be their real opportunity when the market drops. There is a saying I really like: "Be greedy when others are scared, scared when others are greedy."

SimpleCryptoBot

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Quote from: cuong1610 on June 24, 2018, 04:29:04 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.

Yes, trading and psychology is a very important aspect to be aware of. Big losses or even profits can make a trader reckless which will lead to poor decisions. A lot of seasoned traders give newbies the advice to think and act as if you were a robot. Set emotions aside and base your choices purely on objective information.

The psychological aspect actually made me switch from being a fundamental trader to a technical trader, and from trading manually to developing a bot that trades 24/7 for me. Sure, humans beat computers at many things but not at performing mathematical calculations. Also, computers know no emotions so these psychological disadvantages don't apply for them.

Lucius

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Quote from: Semosuchi Tesongrato on June 24, 2018, 04:41:54 AM

I do not know if all those who say they are not influenced by emotions, really manage to be lucid when they see their capital disappear.
Sincerely, I can keep some control, but sometimes I suffer panic attacks that are really difficult to manage.
Sometimes I wonder if the gain (presumed ...) justifies the stress Sad

When it comes to cryptocurrency we should start thinking differently, maybe it is true that value of your coins going down and in some cases selling is good option, but in case of BTC we should look in long term. Today 1 BTC has a value under 6000$, but in a few months can very easily double the value - so there should not be places to panic.

BTC is a risky investment and it is not for everyone, sometimes is better leave something if it affects health, or just turn the "bad" situation to your benefit. It is not time to feel bad, but to maybe think how to buy more cheap coins.

Semosuchi Tesongrato

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I do not know if all those who say they are not influenced by emotions, really manage to be lucid when they see their capital disappear.
Sincerely, I can keep some control, but sometimes I suffer panic attacks that are really difficult to manage.
Sometimes I wonder if the gain (presumed ...) justifies the stress Sad

trecore4

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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.

cuong1610

newbie

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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.

Topic: BTC and PSYCHOLOGY - page 3. (Read 395 times)