Topic: Psychology when entering the Cryptocurrency market. - page 4. (Read 2192 times)
Cryptocurrencies by their nature were meant to alter human psychology. They were created by crypto-anarchists for the purposes of reshaping the social order
One has to have courage and risk taking ability to enter into crypto currency market. It is bubble market and price of this market coins are always unstable. So as an investor you have to keep calm and wait for the right time of the market.
Keeping your cool is during bearish trend becomes really hard for everyone. Especially for people who have invested a huge amount on cryptos. However, my strategy is to not think about what I have invested rather focus on investing in new coins while the price remains low.
People who are weak hearted and gets depressed easily cannot be helped once the price sees a slump. If they cannot stay strong and keep patience during situations like these then it is very likely for them to fall for FUDs and lose all their money by making stupid decisions. So, it is very important to self analyze what the next step should be when the market faces a dump.
I make it easier! If I invest, I mentally say goodbye to this money! And then there is no problem)
Actually you really need it become you have to be mentally healthy in whenever you start investing. It requires a lot of courage so be ready in any scenario that is about to happen. You gotta learn how to deal with problems and without proper psychological science you can't do itanything. Your mental state should always be good.
I make it easier! If I invest, I mentally say goodbye to this money! And then there is no problem)
Psychology about crypto currency market is very important but now many of the bad news about crypto have make the market very panic and the price is going down in last week. so i love to guide every one to come and invest in the bitcoin for long term.
It is very natural for people to become frustrated and depressed once the market crashes. However, people who can keep their cool and be patient for the coming future are likely to make good profit out of the crypto market. Because, without a calm and composed mind, it is very difficult to make crucial decisions which decides the profit and loss during such bearish trend.
This is really nice. Actually crypto investors need to be very much patient and to become rich quickly is really suicidal thinking. Try to be an expert then money will come automatically.
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.
P/S: Please contribute your comments in order to build this article !
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.
P/S: Please contribute your comments in order to build this article !
This is a simple quote for everyone, "TAKE THE RISK, DROP EVERY FEAR."
Yes there are risks and there are uncertainty. So is life and that does nit stop us from taking a shot at it. If we are not bold and are not strategic, then not only in the crypto market, we will fail in every aspect in life.
These points listed by the author are quite true. There are usually a lot of things that play in one's mind at first when deciding to enter crypto. You may even read a lot of conflicting articles. But always ensure you have the right mental attitude to start.
When it's and get involve adopting Bitcoin or cryuneed to be strong increase the fears
Specially need to learn how to control self during the vaule is in the dip
Adopting cryptocurrency because people they want to get quick earnings but not need also give time and focus
To learn more about cryptocurrency how to become successful.
Specially need to learn how to control self during the vaule is in the dip
Adopting cryptocurrency because people they want to get quick earnings but not need also give time and focus
To learn more about cryptocurrency how to become successful.
There will always be no gain, if you do not take any risk. But, the risking, we need to calculate our scopes and then decide. We should not be afraid and if we fail, we need to learn from our regrets.
My first strategy is to research and observe thoroughly before investing on any coin. Then when I invest on it, I tried to have faith on it. We should patiently hold our coins and concentrate on long term Investments.
You have made a detailed point for newbie and everyone to keep it at heart when entering cryptocurrency. Its very important if one dosent want to get burnt and regret . us this tips to reduce your mistakes, loss, and panic. So you won't make costly ones.
Yes. you are right. We all need to be mentally prepared for those things before entering cryptocurrency.Without it we will be panicked and cannot approach to success.
Yes I agree with your each and every points. Those things are mostly needed to invest in cryptocurrency. Newbies should read this more and more to understand the circumstances of the market.
In my opinion, most investors feel uncertain and fear when entering at the Cryptocurrency market, because they expect that the price might fall lower than the price that they expect, most of the investors who are stressed are the investors who holds for a long time. I can say that it's really stressing, especially when you bought at the start of 2018.
When the market price falls down some investors are feel depressed and bored. It’s a normal psychological behavior and they need to wait for stable market situation.
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