Topic: Psychological fear dominates the market - page 12. (Read 3982 times)

The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?

The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?

The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?

The psychological fear of most of the crypto users here in the crypto currency community is one of the factors that also influence to the status and current state of the crypto market to went worst.

Because of the crypto holders and users' fear to the crypto world to crash and eventually die, they turn back their trust and faith that Bitcoin will bring back into life again, but me, I never doubted that Bitcoin will not die this easily.

you are not "true" investors. And just more experienced market players)

You must not dominated by your fear and doubt if you involving in crypto, because there are some manipulators who use that to take advantage from other peoples. If the whales joining and dump the coins in the market, then peoples who fear will sell their coins with loss because they want to stop their losses.

every day there are ups and downs. if you are basing the new bottom by a price movement of a few days/weeks then you need to stretch your chart out further.. like i said +10% are normal swings. not new base setting milestones

i base my "value" on cost of acquisition.(the low/bottomline of a long term) which is basically the average cost of mining a bitcoin. and the low of the market (i ignore ATH)
anything above that is a speculation bubble area of hot air and hype.

what you need to know is that before June pools were using ASICS that had a unit price that was 2.5x more than the post June ASICS batch. basically it got cheaper to mine bitcoin. but now we are seeing the hashrate/difficulty counter that, thus raising the acquisition cost back to pre june

the overal average acquisition cost of traders and miners from november 2017 to now is $5,800ish+
if yes im saying it IF the price went below $5800 then i would have said that it was over sold. and the price was UNDER VALUED. but guess what. i would not fear that. for me. that would be DISCOUNT day. and a great time to buy.
(i hold MANY coins yet i dont fear when markets go down.)

now with this week we are seeing hashrates above 50exa evening out the event of junes asic hardware batch price change and seeing the price today is $6200+ then i see it as $400 of bubble/speculation padding above acquisition costs of 2018.

things to remember. the ATH is nothing special. at the peak only 1 person took advantage of the very top. but everyone can take advantage of the bottom. so dont stand at the top of a mountain looking down. stand at the bottom looking up.. this fresh mindset of looking up will make you a happier person when trading

oh. and if you too want to do some maths.
in october we will see another batch of new asics that will bring the cost per bitcoin into question depending on the hashrates rate by november(when users receive and start mining for less hardware cost) to see if there is another impact to the price.
im hoping to see a 90exa by october to keep to a ~$6k underlying value.
that way bitcoins long term growth stays on a yearly positive rise
2016:>300
2017:>900
2018:>5800

as for the 'price' volitility above the sea level of $5800. to me thats just waves that i like to surf that i can make a few percent a day playing the ups and downs. satisified that the sea level remains above $5800

Fear always make investors and traders to miss calculate there decisions and doesn't matter how far there knowledge and skills are develop to trade and earn profits with fear they will never take right actions and make the best out from the moment so no one should let there emotions interrupt there judgement which is really bad specially in a market like cryptocurrency 

Nope i dont believe that only Greed and Fear governed the emotional aspect because theres another one that called DEDICATION and that is what we the true investors having in our lives

Those nervous people that you mentioned are the weakhanded human that enters cryptocurrency without knowledge and learnings on what he was going on

Market price movements will always occur, there are times when there is an increase and sometimes a decline occurs, some people are not ready to face the reality when there is a very sharp price decline, so they become lost in confidence and fear of experiencing greater losses that eventually give up and sell. This is indeed part of a psychological problem, because it is financially related, so it is very difficult for us to remain calm when market prices are falling and at that time we are at risk of loss, but actually those who have understood what they are investing and already know will the risk of loss is certainly able to control emotions and not panic when a price decline occurs which in the end they are able to be patient and persevere to wait for price movements and in the end they will be happy when there is a price increase next time. What we need to know is that when a decline occurs there will be a price increase.

The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?

The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?

Fear always make investors and traders to miss calculate there decisions and doesn't matter how far there knowledge and skills are develop to trade and earn profits with fear they will never take right actions and make the best out from the moment so no one should let there emotions interrupt there judgement which is really bad specially in a market like cryptocurrency