Author

Topic: BTC and PSYCHOLOGY (Read 395 times)

sr. member
Activity: 590
Merit: 258
July 10, 2018, 02:50:11 PM
#53
I think in this statement that bitcoin and psychology is the deep explanation of what bitcoin it is,
to help others to understand what they are capable and they are not belong to the scam business in this industry.
full member
Activity: 406
Merit: 102
July 04, 2018, 06:33:28 PM
#52
I think the way of thinking is just one of the factors affecting cryptocurrencies.
Like Will I invest? Is it time to buy? Will sell? Hold? is a good investment?
With fear there are a lot of things that can make an urge out of people to invest that is making a great value.
Another is I just do not understand why people insist that it is just an investment while this is more than just that.
sr. member
Activity: 1400
Merit: 283
June 26, 2018, 03:57:20 PM
#51
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.
Well we all made decisions at first that we really regret taking, but what i have learned from this market is they you don't need to stress yourself over what you are doing, if you think what you are doing is right than do it, you have to take decisions and stick to them no matter what is the outcome, what might seem right to do now is always going to seem wrong in the future because the price is always going to be changing and that is the nature of this market.
newbie
Activity: 90
Merit: 0
June 26, 2018, 03:36:04 PM
#50
I think the way of thinking is just one of the factors affecting cryptocurrencies.
Like Will I invest?
Is it time to buy?
Will sell?
Hold?
I is a good investment?
With fear there are a lot of things that can make an urge out of people to invest that is making a great value.
Another is I just do not understand why people insist that it is just an investment while this is more than just that. Psychology that.

Like any other form of business, the emotions will be there. The issue is the ability to control such emotions and not allow it to overwhelm you. The advice I often get and stick to is... Never invest so much that you can't afford to lose. How ever no one love to lose. Care, skill and luck is what we need.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
June 26, 2018, 12:50:52 PM
#49
The word there for an investor like you said, is being strategic.
You can never get the best from this market without being strategic and where a lot of people miss it is because they do not get to learn as much as they can before even entering the space at all and that makes it very hard for them to make any quality decision at all to their own advantage.

Trading and particularly bitcoin kind of highly volatile market trading will be profitable only when you should be investing and being patient enough to wait for the profit just like any other market. Making here and there some decisions randomly by losing patients will not help any trader usually.
legendary
Activity: 2982
Merit: 1028
June 26, 2018, 12:50:31 PM
#48
Whales are capturing the market by playing with the psyche of new comers/beginners in the market.
Majority of the new comer's mentality is to earn big in a short period of time, this high expectation led them to a position where they can't use brain due to fear of loss and prefer to get out of this market by selling their assets. This is what whales are looking for, they grab those coins at low price and after passage of time same coin begins to increase again.
So in short, don't ever panic sell, stay calm while you are holding coins.
When you still seeing that you are in loss, never ever think to sell out but first and foremost better to make sure that you also did your research, this is the very common mistakes where newbies enter this industry without any knowledge or only by the refer of a friend or love ones, this business can give you financial freedom indeed, but not a token for an easy access to get rich, you also need to learn how things works inside this business, after that you will be able to entrust your decision with your knowledge.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
June 26, 2018, 12:41:34 PM
#47
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.
Well, you have learnt these things the hard way as I did. Yes, I did commit these mistakes and still regret quite a few of them. I was a panic seller once but Bitcoin taught me not to panic sell . Wait for the right opportunity and it will make fortune to us. Bitcoin has changed my life for the good.
I have a learnt from cryptocurrency trading, the bitcointalk forum, ICOs and Bitconnect Grin Grin ( Yes I lost my money in it). I am still happy to be a part of the crypto community.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
June 26, 2018, 12:26:08 PM
#46
Whales are capturing the market by playing with the psyche of new comers/beginners in the market.
Majority of the new comer's mentality is to earn big in a short period of time, this high expectation led them to a position where they can't use brain due to fear of loss and prefer to get out of this market by selling their assets. This is what whales are looking for, they grab those coins at low price and after passage of time same coin begins to increase again.
So in short, don't ever panic sell, stay calm while you are holding coins.
Normal cylce or thing for whales to target out. Manipulating prices and make use of emotions of new investors in the market. Accumulating cheap coins in the end of the bloody market where everyone is on panic but later on prices would starts to recover and those who panic sell will once invest again and doing FOMO. Emotions is really a great factor for this kind of market.

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 believe that the market and the capitalization of cryptocurrencies are still falling because of the huge number of newcomers to this market at the end of 2017. Someone disappointed in the market in January-February, someone in March-April,someone now. They are still selling out huge stocks of cryptocurrency made at the end of 2017. I do not see any other reasonable explanation for the low bitcoin rate.
For those who just get in on the last quarter of 2017 for sure they are already get embarassed or discourage when January approaches until upto now.
full member
Activity: 980
Merit: 114
June 26, 2018, 11:49:30 AM
#45
Op thank you for sharing this with us and I hope the newbies will learn and become wise.  Trading is a highly very risky scheme and going into it without adequate knowledge is not advisable and that means you should study how this market behave first before putting your hard earned money into it. 
newbie
Activity: 364
Merit: 0
June 26, 2018, 11:36:16 AM
#44
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 believe that the market and the capitalization of cryptocurrencies are still falling because of the huge number of newcomers to this market at the end of 2017. Someone disappointed in the market in January-February, someone in March-April,someone now. They are still selling out huge stocks of cryptocurrency made at the end of 2017. I do not see any other reasonable explanation for the low bitcoin rate.
Your look is quite interesting
sr. member
Activity: 784
Merit: 255
June 25, 2018, 06:00:55 PM
#43
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 believe that the market and the capitalization of cryptocurrencies are still falling because of the huge number of newcomers to this market at the end of 2017. Someone disappointed in the market in January-February, someone in March-April,someone now. They are still selling out huge stocks of cryptocurrency made at the end of 2017. I do not see any other reasonable explanation for the low bitcoin rate.
copper member
Activity: 1050
Merit: 294
June 25, 2018, 05:30:22 PM
#42
Whales are capturing the market by playing with the psyche of new comers/beginners in the market.
Majority of the new comer's mentality is to earn big in a short period of time, this high expectation led them to a position where they can't use brain due to fear of loss and prefer to get out of this market by selling their assets. This is what whales are looking for, they grab those coins at low price and after passage of time same coin begins to increase again.
So in short, don't ever panic sell, stay calm while you are holding coins.
newbie
Activity: 96
Merit: 0
June 25, 2018, 04:27:49 PM
#41
Do not trade just to trade. When your results are poor, take a break from trading, but not from analyzing your results. When your strategies do not work, carefully figure out whether it is time to sit on the sidelines or adopt another strategy. but do not just guess at what to do. Have a sound reason for every trade. I just want to say that Smiley.
pey
sr. member
Activity: 546
Merit: 251
Free Crypto in Stake.com Telegram t.me/StakeCasino
June 25, 2018, 02:21:11 PM
#40
I think the psychology does not matter at all for most people because that is not investing, investing in most tokens is gambling, for me only bitcoin is a real investment and not gambling.
legendary
Activity: 1554
Merit: 1054
June 25, 2018, 12:00:08 PM
#39
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.
Even in any market, as long as you are more focused on the long term and you are buying in a position where you are not simply just making dead moves on the market, then you will surely be making pretty good ones in such scenarios.

A lot of people want to get rich but they are not ready to do all that is necessary in terms of gaining knowledge to at least know how to make investment and market decisions and in such situations it is just better to stick with what they know best which is HODL than complain every time or let emotions rule them to making the wrong decisions.
full member
Activity: 686
Merit: 146
June 25, 2018, 10:56:50 AM
#38
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.

The same may also be said in gambling. If you allow your emotions to get to you, you may end up making wrong decisions such as losing even more by recklessly gambling all your capital. Getting to know how the market is will make a trader psychologically prepared.

Traders such as you have opted for bots since their emotions may affect their decisions and even just looking at the charts regularly is stressful. There should also be a way to do the same in gambling so that emotions may be avoided as well although the pleasure and enjoyment may be taken out if bots were utilized in playing.
newbie
Activity: 168
Merit: 0
June 25, 2018, 08:36:48 AM
#37
bitcoin and psychology have the information they say bitcoin was born to cater to the psychological needs of investors when the economy becomes unstable and they want some kind of digital currency that helps them stabilize. the mentality to invest more
legendary
Activity: 1232
Merit: 1029
June 25, 2018, 08:25:56 AM
#36
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
Emotions come into play when you simply do not have any knowledge on trading and you are just gambling the market.
I guess where the problem starts is from trying to gamble your position in the market without any solid signal to make a move and that is what makes the difference between a skilled professional traders to a new investor who is just busy playing with the market.

Capital management is also one of those things that we always need to consider most of the time when trading the market.
member
Activity: 154
Merit: 10
OPEN GAMING PLATFORM
June 25, 2018, 08:07:09 AM
#35
about what psychology can there be a speech?
The market absolutely new and old rules don't act on it yet. The idea of a blockchain is individual and fine. My opinion - it is necessary just to release spare capital, to buy the currencies interesting you in which you are confident and to stock up with patience which after a while, will be rewarded
full member
Activity: 434
Merit: 102
Chikuntv
June 25, 2018, 07:31:16 AM
#34
I like a lot one of the Inner Circle Trader's quote. He said that technical part is easy, the real job is not to go and buy big position... smth like that, you know) I agree totally
legendary
Activity: 1288
Merit: 1036
June 25, 2018, 07:19:10 AM
#33
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.
sr. member
Activity: 1680
Merit: 259
June 25, 2018, 03:49:55 AM
#32
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.
member
Activity: 329
Merit: 10
June 25, 2018, 02:01:59 AM
#31
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.
hero member
Activity: 2632
Merit: 833
June 25, 2018, 01:57:57 AM
#30
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.
sr. member
Activity: 798
Merit: 268
June 25, 2018, 01:33:46 AM
#29
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.
full member
Activity: 658
Merit: 103
June 25, 2018, 01:19:57 AM
#28
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.
full member
Activity: 1048
Merit: 101
June 25, 2018, 12:59:56 AM
#27
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.
hero member
Activity: 1190
Merit: 534
June 25, 2018, 12:23:55 AM
#26
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.
legendary
Activity: 1666
Merit: 1001
June 24, 2018, 07:38:27 PM
#25
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
full member
Activity: 506
Merit: 101
1 & 0 😏
June 24, 2018, 01:30:59 PM
#24
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.
member
Activity: 266
Merit: 12
June 24, 2018, 01:29:11 PM
#23
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.
newbie
Activity: 154
Merit: 0
June 24, 2018, 12:10:33 PM
#22
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.
member
Activity: 585
Merit: 33
Rasputin Party Mansion
June 24, 2018, 12:05:33 PM
#21
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.
full member
Activity: 476
Merit: 105
June 24, 2018, 11:59:39 AM
#20
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.
full member
Activity: 756
Merit: 108
June 24, 2018, 11:46:55 AM
#19
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.
sr. member
Activity: 700
Merit: 251
June 24, 2018, 11:41:30 AM
#18
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.
sr. member
Activity: 616
Merit: 263
June 24, 2018, 09:46:29 AM
#17
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.
member
Activity: 336
Merit: 11
I am no stable coin. to the mooonn.. and back
June 24, 2018, 09:44:30 AM
#16
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
newbie
Activity: 364
Merit: 0
June 24, 2018, 09:24:39 AM
#15
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 " .
full member
Activity: 966
Merit: 153
June 24, 2018, 08:01:52 AM
#14
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.
hero member
Activity: 826
Merit: 518
June 24, 2018, 07:45:42 AM
#13
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.
legendary
Activity: 2912
Merit: 1068
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June 24, 2018, 07:23:16 AM
#12
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.
copper member
Activity: 490
Merit: 105
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June 24, 2018, 07:20:55 AM
#11
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.
full member
Activity: 406
Merit: 102
June 24, 2018, 07:12:55 AM
#10
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  Smiley
hero member
Activity: 1176
Merit: 509
June 24, 2018, 06:24:43 AM
#9
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.
newbie
Activity: 364
Merit: 0
June 24, 2018, 06:16:22 AM
#8
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
legendary
Activity: 1862
Merit: 1015
June 24, 2018, 06:09:03 AM
#7
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
newbie
Activity: 364
Merit: 0
June 24, 2018, 06:08:29 AM
#6
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."
newbie
Activity: 5
Merit: 0
June 24, 2018, 06:05:54 AM
#5
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.
legendary
Activity: 3234
Merit: 5637
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June 24, 2018, 05:20:47 AM
#4
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.
member
Activity: 546
Merit: 33
Rasputin Party Mansion
June 24, 2018, 04:41:54 AM
#3
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
sr. member
Activity: 658
Merit: 260
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June 24, 2018, 04:37:08 AM
#2
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.
newbie
Activity: 364
Merit: 0
June 24, 2018, 04:29:04 AM
#1
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.
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