Topic: Psychological fear dominates the market - page 7. (Read 3982 times)
Emotional stability is very important for any investor, not only in the field of cryptocurrencies. And it is very difficult to prove to some of them that there is no reason to panic. I think that such alarmists are an integral part of the bitcoin market, because there will always be people who came here for easy money, without properly understanding the crypto-currencies.
Every business should have psychology otherwise it wouldn't be a business. There are millions of investors who really really afraids to loose their money in the cryptocurrency market. So in any new speculation they loose, in any market fall they loose.. So in short term that kind of investors balances becomes "0".. If they invest second time, they even invest more and they go to bankrupt.. I believe that when you invest you have to draw a roadmap to yourself and follow that path untill the deadline.
Psychological instability in stressful situations, excessive emotionality, all this is inherent in any person to a certain extent. Therefore, the investor should have an iron character and turn off emotions when it is necessary to work with the cryptocurrency market.
Well the question is how to improve oneself to be prepared by this instability and in stressful situations. Let us walk the talk here for some to develop their ways on how one could surpass in the likes of this situation.Anyway, I am seeing some posts here that could be helpful in this thread. Surely I can take some lessons here for I am also doing trading crypto and relatively failed at first, gain and then failed again.
Emotions play a big role in such markets. Specially in cryptos where the volatility is pretty high, people enter for quick profits which did make sense in the previous years. But the market is expanding now and volatility is decreasing as the result. So, people who come with unrealistic expectations are obviously going to react with fear and emotions. No financial market is good for emotions. It's all number and technical indicators. For example the recent pump, market didn't react on the logical news as that of Binance opening a crypto exchange. But they reacted on a false news out of fear.
I do not see market domination because of fear, for me psychological fear is only owned by a small number of people in the crypto market, because most of them in the crypto market are people who have indeed gone through various problems with investment. So I think what happens to the decline in bitcoin prices is not created in psychological fear, but how they see the market situation and try to be in a position that can always give them an advantage to avoid the risk of loss.
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?
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 fear may come from the lot of people who actually don't know why bitcoins are volatile and end up selling whatever they have left. These people are mostly newbie investors who just bought at the hype and when the price starts dwindling down, they start fearing the future of bitcoins and then bail out last minute.
I totally agree with you. I think those who are good at financially are the ones who have higher reason than emotion. Those who can solve the problem in the best way are the most logical. If we do not have financial knowledge, we will be very vulnerable to investing.
Well, of course, recently we have seen a steady fall in cryptocurrency. Many people just panic
The worst will be if Bitcoin goes below $5,000. I can't imagine the media shouting bitcoin is dead.
unfortunately all the same happens and we often make wrong decisions on emotions. you need to learn how to possess them and only then can you really earn good money in this market
It is not easy to get rid of the emotions you have and to stop to panic but it is always possible to control yourself. If you learn how to do it, you will make fewer mistakes.
I think that the state of fear in the current market is natural. Many people have lost a lot of money on investments in cryptocurrency and therefore are afraid to continue investing.
In addition to the mental and emotional state you need to have knowledge.Only rely on some emotions in crypto is impossible.The more you know, the calmer you feel.
Its true that right now psychology is dominating people decision. Peoples feels panic when they hear negative news in market and selling their coin in any price. Better keep rational in market and keep our bitcoin for long term because cryptomarket just in early stage
Because they have not been expertly trading, so they are very easily provoked by various fuds, you have to start learning to separate your emotions from the calculations that you do. because psycology like panic has a big influence on your calculations
Its true that right now psychology is dominating people decision. Peoples feels panic when they hear negative news in market and selling their coin in any price. Better keep rational in market and keep our bitcoin for long term because cryptomarket just in early stage
Panic is always experienced by many people if prices experience a very bad decline now because some people will feel deep sadness at a very bad price right now.
Right your opinion, they only think about psychological satisfaction, because no one hates money or big profits, lol. Humans like that are people who are too greedy for wealth, when they fall they boast of investing their investments.
Perhaps the fear is not solely based on market situation and expectations. Nowadays, people also fear the growing illegal activities that’s hitting the crypto world. From hacking to scams and malware, this could be a source of fear as well, don’t you think?
Most of the fear or FUD is as a result of failure of mostcrypto users to learn. These users give in to the false news coming from the goervnments and media and begin to panic. Crypto users and investors must learn the actual concept and significance of crypto in order to shield and withstand the FUD created on the market especially when the market goes down.
yes, FUD makes other people panic and sell. sell, sell and continue to sell and the impact of crypto market falls dramatically. but now it's slowly but surely, the market is starting to get better again. and now what happens must be the opposite, when investors re-enter their investment, then other people will also join and make the market back at the pump.
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?
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?
I think newbies are driven by fear and emotion that's why we have a crazy rollercoaster ride of pricing in the bitcoin market. It's insane how much these people affect the whole bitcoin market. It's no surpise too because bitcoins are decentralized after all meaning no price regulation at all.
Its true that right now psychology is dominating people decision. Peoples feels panic when they hear negative news in market and selling their coin in any price. Better keep rational in market and keep our bitcoin for long term because cryptomarket just in early stage
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