Topic: Psychology when entering the Cryptocurrency market. - page 5. (Read 2192 times)
Yes, these things are to apply when people will enter the cryptocurrency market. They need to take risks because risks in the market is inevitable and I think all kinds of profit gaining ventures require anyone to be a risk taker. Also, be patient. Be patient because not all the time you will gain money here just like what is happening now. The good thing is that here, when it rain, it pours. When the value is high, you will earn unexpected profit. The last thing to bear in mind is to be optimistic that the price or the value will increase again.
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 !
I couldn't agree more with this opinion. I think those thought must be maintain first before we decided to jumped into bitcoin market because sometimes, those wrong thought that will bring us to the loss. 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 !
maintaining a positive psychology when u entering crypto makret will make you more comfortable, especially in this volatile market. when u invest in any certain field there is always opportunity and risk also. no one can know what will happen here on tomorrow. so accept the risk and always understand what are u doing
I think it is imperative to get ino the correct perspective before getting into digital money, as it can take an enormous measure of your well deserved cash on the off chance that you are not cautious. Putting resources into it is such a hazard, I concur with you on that, in any case, I would like to add something and that will be persistent and not stopped your daytime work in the event that you have one. The crypto world is capricious so it is essential that you keep your activity.
I think the most important thing to cope with the General panic during the red market. Many succumb to it and sell their coins at a low price, thereby losing profits. This is a big problem for inexperienced investors.
This will surely help the beginner. Many people forget about these psychological aspects or consider them frivolous, but they are the key moments of success in bitcoin.
These are great tips for beginning investors. Indeed, it is not enough to have money to buy bitcoin before investing, you need to understand what to do and how to cope with failures and panic.
I have seen in crypto world people has different psychology some has patience and some don't have. What i observed is people want to take risk but don't have patience, when price drop they sell their crypto in panic selling.
Getting rich in very fast pace from crypto is also psychology of most of people, but it is not that easy we think, from getting profit from crypto you have to good analyst and researcher.
Getting rich in very fast pace from crypto is also psychology of most of people, but it is not that easy we think, from getting profit from crypto you have to good analyst and researcher.
yes, you should not be afraid, but sometimes it is not, but unfortunately you can not get big gains without risk. but it should be a plan b all the time because it is not full risk 70% 20% 10% is my investments.
DIVERSIFY
In order to manage risks, learn how to spread your investments across multiple coins or investments in other fields. That way you can't lose everything if an unfortunate event. Also, handle your money wisely and only invest what you can spare.
In order to manage risks, learn how to spread your investments across multiple coins or investments in other fields. That way you can't lose everything if an unfortunate event. Also, handle your money wisely and only invest what you can spare.
If you are not a day trader but enter cryptomarket as an investor, you should understand that cryptocurrency is not a short time investment. You don't want to look at the charts every day and worry about every price drop. Just have patience and you will be rewarded with good profit.
your guidelines are amazing to me. i think every crypto people should follow this. if they follow your guidance they should benefited. i think they should keep store. if you want get profit you should take risk and it.
Anyone ready to invest in cryptocurrency most be ready to take risk. Financial risk taking is for those that are psychologically balance because people have attempted suicide just to see their money lost down the drainage of any form of investment.
all types of trading are very risky, whether it's trading with cryptocurrency, or trading in the real world. because we can't know the future. actually trading on crypto is not much different from gambling, because luck is needed here.
if you take risk you are gain your profit. in general no risk no gain. same are crypto market. it is more profitable and secure but you should take little risk and justify before investment. i think you are right.
This is the process of self-formation if you are able to master the market and see the market in the hope of gaining profit.
But by looking at the market it will increase pressure, meaning you are not ready.
So, prepare yourself mentally before entering the market.
But by looking at the market it will increase pressure, meaning you are not ready.
So, prepare yourself mentally before entering the market.
When i entered the market was very good and my psychology was within a short time I will gonna be rich and fulfill every dream of mine.
Entering the electronics market requires trust and clarity, it takes some of these skills to become an investor.
The common psychology is to earn max profit in the min time. So people take uncalculated risks and lose out on their hard earned money.
Very much informative post. I was very much excited when i entered in this world and because I often hear about the success stories.
Jump to: