Topic: Psychology when entering the Cryptocurrency market. - page 10. (Read 2192 times)

you should invest not more than $300-400 if you new on Cryptocurrency market. Otherwise your psychology will brake because in this summer all crypto money loose like %50-60 percent off.. Actually this is now the right time to invest i think. Wait for september-october..

Don't expect great returns fast when you enter the crypto-market for the first time. It doesn't happen.

The bad guys took advantage of this.They hit our greed 

The get rich quick mindset will always be there when they hear about BTC and when they found out about the price dropping while they invest when the price was at its ATH, they will post bitcoin as scam on their facebook. They'd have to delete their previous post appreciating bitcoin to the highest level like they are living in leisure after investing in BTC.

For entering into the cryptocurrency market the first thing that you should keep in mind that this is the crypto market and high volatile so here the high rewards accepted with high return so be prepare for the up and downs here then you will get a good profit.

If you want to be in the market of cryptocurrencies then you should be stress-resistant, patient and should be ready for big risks.

I think it is very important to get ino the right state of mind before getting into cryptocurrency, as it can take a huge amount of your hard earned money if you are not careful. Investing in it is such a risk, I agree with you on that, however, I do want to add something and that is to be patient and not quit your daytime job if you have one. The crypto world is unpredictable so it is important that you keep your job.

This is natural unless you are planning on buying in then you have an interest that is moving down, that's scary but if you are looking to gather more then it is an opportunity.

It is true that you have to take risk if you are to enter bitcoin. You will be needing to ready your mind, for some sort of psychological training in order to face the response of any decision you will do. We are all aware how every move that we send will result to an impact that we never determine but atleast can manage to get ready our mind.

I have a suggestion for you, you feel scared, surely for a reason, for that you have to overcome the problem. if you invest in a coin, you should use unused money for your daily needs or basic needs. use the remaining money from needs, so you won't feel anxious and scared.

if everyone understand and use these 4 rules he could do better in this market and trade/investing with no fear of losing his money

If there's one thing that crypto teaches you, it's not to be naive.

With that being said, I'll spill a speculation about how the market will develop based on personal observations:

The boom from Dec 2017 will probably be replicated. On a smaller or larger scale. But it won't be soon - maybe Q2 of 2019.

Keep investing only what you can afford to lose, be patient and you will be rewarded.

it's like getting thrown hard, it hurts and makes us sad, but I feel the crypto market makes some people depressed, confused, and bored.

this is a normal psychological response, and we have to wait until the market becomes normal again.

I always fear when the market falls

TAKE RISKS

First of all, you have to "take risks". Repeat again, accept risk!
When you spend your money investing Crypto or any array, the potential exists, but also contains many risks. Securities are also risky, driving off the road every day is also risky. In general, it is impossible to predict what will come, our eyes can not see, think of things in the future. If you start, you accept the risks and in mind always get to know these things, you can start the journey, understand what is doing, why, why lose?
                                                                "Use the money you can control to invest"
                                                                "What's up with the reason, accept and move on?"
 At that point, you will focus on the goal and make a profit.

DO NOT BE AFRAID

Second, uncertainty and always suspected spread around the world of investment. Large Crypto owners are called "whales" trying to manipulate the market in their own way. They use social networks, large news sites to spread distorted information that draws attention from the community. Finally, the benefits still belong to them, this is not too high, but for the Cryptocurrency market is too new, the community is too young. So ignorance is inevitable, just speculation and followers of the accusers.

Failure to listen to others say this coin will increase, this coin will fall. You need to have a plan for yourself, do not listen to rumors out there. All you have will be a great experience and keep trying!

REGRETS

When you see a strong growth from a coin and always have the thought that "Why did not I buy it before, have been reminded and then forget ..." That is called Fear Of Missing Out or FOMO. This syndrome occurs in a lot of people, but ignore it, do not follow it. Patience will help you to take long in this market Cryptocurrency.

WANT TO RICH SPEED

I suggest you rethink, do not have any job rich quick, if there are some cases but not you. Someone, sowing information for you when joining will be profitable ... Forget now. If you are a beginner, consider keeping a hold of money and not losing it. Then continue to experiment and do not like the last time ... You probably do not believe, but this is part of the investment, the most important thing is that you learn from it. Learn from the mistakes you make and try to make it better the next time. Failure will be difficult to overcome, for the same of the same, but realize these early will help you get ahead and get income in this harsh market.

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