You want to make money with Bitcoin ? Here is a Tip ...Psy...

XZERO1

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Quote from: spy100 on February 23, 2021, 04:31:06 PM

Crypto value and volatility is based on human psychology ...

I agree with that, many traders in markets including crypto market still think it's just demand and supply and maybe TA but it's way more than that specially if you consider the amount of manipulation.

The truth is market makers want to make the most money out of every market and they can do that if the majority of traders don't have the same trade as them, so they try their best to go against the sentiment of the the majority of traders and investors.

For example if most of the people are just buying/longing right now that's usually a not good sign and that means they(market makers) could dump the market for a while to change the sentiment to a bit negative and then maybe pump it afterwards, of course that's not always the case since that way they will be predictable but I think most of the time that's what happens.

lixer

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Quote from: Genemind on March 30, 2021, 04:58:01 AM

Technical analysis is a tool and should not be considered 100% accurate. Market psychology plays a huge role and most investors rely on how the market behaves. It is true when the market moves up people trust a coin more, people are easily shaken by the news even if it is just rumors or not yet verified. The market falls whenever there is FUD, a little sell-off also causes market break down. All of this happens in crypto, that is why there is no perfect analysis, people's behavior and how they adapt to the market movement also have an impact. That is why the perception of some people that earning in crypto is as easy as ABC should be corrected before they start investing in crypto.

Unfortunately there are too many people who approach technical analysis as the only thing that matters and that ends up not being true of course. I am not saying that people should not do TA, I agree that it is cool and it should be done but that doesn't mean that we should be looking at that as the only thing, we should be considering other things as possible as well. This means that we should end up not really doing one thing or the other as the only option, we should be looking at many things.

Market psychology is one of them, TA is another of that, news and tweets are another. Basically we are talking about multiple stuff that changes the price and that is what I think we should be focusing on right now. This is of course something that we can only care for so long, but there is no other way to trade or invest than checking each and every one of them.

Genemind

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Technical analysis is a tool and should not be considered 100% accurate. Market psychology plays a huge role and most investors rely on how the market behaves. It is true when the market moves up people trust a coin more, people are easily shaken by the news even if it is just rumors or not yet verified. The market falls whenever there is FUD, a little sell-off also causes market break down. All of this happens in crypto, that is why there is no perfect analysis, people's behavior and how they adapt to the market movement also have an impact. That is why the perception of some people that earning in crypto is as easy as ABC should be corrected before they start investing in crypto.

nicecrypto

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Quote from: xanxus.kun on March 26, 2021, 11:49:56 AM

Adding on to that, being aware on the current trends and how the market moves is a big plus to earn and make more money with Bitcoin. Just relying on the things you've mentioned is good enough however if you're a long term trader then trust is the key. Still waiting for the correction here so that I can start investing to Bitcoin, for now can't buy for the prices are quite high.

Then it doesn't seem like you will buy any time soon because if you have been really following the Bitcoin BTC market trend, you most have realized that we are still in an up trend on a one day chat

except you intend doing scalping withing the days and with that I believe you should really concentrate on the minustas chat because days ago, there was a tradable correction for you to have made good gains.

sapnu

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There are actually plenty of ways on how you can earn from bitcoin but most of the time, people choose to invest because it is much convenient and easier. In my case, I usually earn bitcoin through joining signature campaigns and investments. I do not simply rely on investments alone because the growth of my earnings is not that much on it. I'm really glad I didn't gave up on bitcoin during its hardest times, I stayed and trusted that it will soon recover and regain its composure once again. I wasn't wrong at all as we all see bitcoin getting good value and beating its all time high time after time. If you really want to make money with the help of bitcoin, you should work with your trust and faith on it, who knows? It might take you to greater heights if you would keep on believing.

WatchMaker

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I think the best way to make money with bitcoin is by investing in bitcoin for some period of time 3-4 years minimum. Also, you may buy the dip and sell high just like many bitcoin traders do. I always prefer HODLing bitcoin for a long period of time because that way you will make a huge amount of profits. Bitcoin mining, gambling are ways to make money with bitcoin as well, if you are interested. For me, I always prefer bitcoin mining than gambling because bitcoin mining has more guarantees.

arwin100

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Quote from: Darkelf11 on March 29, 2021, 02:39:27 AM

Cryptocurrency today will become serve as an investment and other essentials to earn money but before you handled that large money with market volatility this requires the potential of the user or the one responsible for being a strong hand.

Every time there's a pump and dump of course there's a people afirad to lose their money this is the reason this needs the mental stability of the investor.

For now new comers will think about that this is form of investment since they always look for price shoot up rather than thinking that this is digital currency and I agree with you that this is for strong hands since if we can see how great the opportunity received by strong hand people they earn thousand or even millions by now for holing way back year 2018 up to now where price rise up so hard.

And this should be a basis to others weak hand people that there's hope after the dump and they can recover up if they hold so there's nothing to worry specially if they stick up with top alts.

Darkelf11

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Cryptocurrency today will become serve as an investment and other essentials to earn money but before you handled that large money with market volatility this requires the potential of the user or the one responsible for being a strong hand.

Every time there's a pump and dump of course there's a people afirad to lose their money this is the reason this needs the mental stability of the investor.

cyriljundos

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Quote from: spy100 on February 23, 2021, 04:31:06 PM

After years of working with crypto i kind of figure it out how it moves ....

Burn your math / investing / finance and economics books if you want to invest in crypto

Crypto value and volatility is based on human psychology ...

If you understand human psychology / sociology etc you will become very very rich...

Crypto is based on trust ... Sure there are pump and dumps / scams etc ... But at the end crypto is based on trust.

So when the price goes up people trust it more,when the price goes down they trust it less.

Crypto is irational /emotional like humans .It's a indicator of or mood.

That's all to it ...the rest is just Fugazzi,

yes i all agree with you. crypto trading is very psychological when it comes to trading,trading is very stressful and you need analyzing skills in order for you to gain higher profit. investing in this industry and hold it is the key to success . buy more and hold it until price goes up and gain profit.

TedMosby

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https://bitcointalk.org/index.php?topic=5274318.0

Quote from: spy100 on February 23, 2021, 04:31:06 PM

-snip-
So when the price goes up people trust it more,when the price goes down they trust it less.

Crypto is irational /emotional like humans .It's a indicator of or mood.

-snip-

maybe, the most interesting part of crypto is the price.
look at crypto twitterland, tweets related to "price target", "price prediction", "when moon", "pump", etc will gain more interest rather than the product itself.
people don't care about what kind of crypto it is, how to use it, and blablablah..
they only care about the price. I have a friend who already 5 years in crypto trading, but still doesn't know how to send crypto outside the exchange.

nicecrypto

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Quote from: ?? on ??

of course we need to be experts and know how to resist market fluctuations and not sell everything at the first important dump, we need to pre-set yourself the objectives, targets of the value and resist and not sell until they are reached

I do understand that most of the investors might have a target market to sell or take profit when investing even though as humans, some of us might still break that target by thinking we could make more by hodling on a bit longer and during this time, any thing can happen in a flash. You have to have been in some comfortable profit position for you not to want to sell off if there is a dump cos you don't know what could happen next, may be, that's it hence I also believe having a good understanding of the market behavior is key.

StartupAnalyst

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If only trading was so simple every trader would already become millionaire as today everyone considers himself a phycologist. A lot of traders had lost all their possessions because they thought they are cool psychologists that understand the market perfectly and have enough technical skills to test their luck at margin trading. Only several days ago on 23rd of March market correction caused elimination of trader margin positions on the amount of 1.65 billion dollars. All of that is further proof of the fact that trading is very risky business and it is not enough to be a good psychologist and to understand market to get with crypto good benefits. Sometimes everything is not going exactly as planned.

hahay

legendary

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Earning with bitcoin certainly requires good knowledge if you want to get the best, because if you just go with the flow without adequate research and knowledge then you will just stop halfway. Something or a good income of course if it holds for the long term, if it earns just because of the trend I'm sure everyone can do it if they are interested.

xanxus.kun

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You have to get what you want your own way.

Adding on to that, being aware on the current trends and how the market moves is a big plus to earn and make more money with Bitcoin. Just relying on the things you've mentioned is good enough however if you're a long term trader then trust is the key. Still waiting for the correction here so that I can start investing to Bitcoin, for now can't buy for the prices are quite high.

ven7net

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Quote from: spy100 on February 23, 2021, 04:31:06 PM

After years of working with crypto i kind of figure it out how it moves ....

Burn your math / investing / finance and economics books if you want to invest in crypto

Crypto value and volatility is based on human psychology ...

If you understand human psychology / sociology etc you will become very very rich...

Crypto is based on trust ... Sure there are pump and dumps / scams etc ... But at the end crypto is based on trust.

So when the price goes up people trust it more,when the price goes down they trust it less.

Crypto is irational /emotional like humans .It's a indicator of or mood.

That's all to it ...the rest is just Fugazzi,

Yes, you are right, crypto prices depend on the psychological factor of people and very often this factor spills over into ordinary manipulations. Unfortunately, all the good things that were inherent in crypto are now being canceled, because we already see how a famous person can influence the course in his own words as positively and negatively. All this is alarming, because if tomorrow one of these people wants to collapse the crypto market, then he will do it without problems and many will simply lose money. Do you still think it gives crypto confidence?

RealMalatesta

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Quote from: spy100 on February 23, 2021, 04:31:06 PM

After years of working with crypto i kind of figure it out how it moves ....

Burn your math / investing / finance and economics books if you want to invest in crypto

Crypto value and volatility is based on human psychology ...

If you understand human psychology / sociology etc you will become very very rich...

Crypto is based on trust ... Sure there are pump and dumps / scams etc ... But at the end crypto is based on trust.

There is no need for you to dump your books or analytics and start relying on human psychology or whatever you may call it. Yes that might contribute to the price ,but it doesn’t mean you’re going to be burning everything you have just to be relying on human psychology. Analysis is not magic, there is how it works and it works in a way that it is totally different from what you think, it is used to calculate where the market is likely to be heading to by using some strategies.

I don’t know how I’m going to break it down to you, you have to read it and understand it. The method you have might work, but just know that you’re not in everybody’s mind, so you can’t tell the plans they have in mind. So this your strategy can’t really work. Finally, the truth is that no matter what strategy you use, you can’t 100% predict the market, but you can get something close to it or sometimes you can be accurate, but that rarely happens.

DarkIT

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Quote from: spy100 on February 23, 2021, 04:31:06 PM

After years of working with crypto i kind of figure it out how it moves ....

Burn your math / investing / finance and economics books if you want to invest in crypto

Crypto value and volatility is based on human psychology ...

If you understand human psychology / sociology etc you will become very very rich...

Crypto is based on trust ... Sure there are pump and dumps / scams etc ... But at the end crypto is based on trust.

So when the price goes up people trust it more,when the price goes down they trust it less.

Crypto is irational /emotional like humans .It's a indicator of or mood.

That's all to it ...the rest is just Fugazzi,

Trust is correct. But their is point, where to trust.If you are selling the bitcoin within your country with a distance of 5000km.The deal is going through the whatsapp conversion. At that point you was send bitcoin without a escrow directly by trust of same Nation. You may have a chance of 90% of getting scammed.After he scammed you, you will forget to way forward. If the deal money is less then a Travel money.

nightxglow

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Yeah, it kinda makes sense. If people keep trusting bitcoin, they will surely expect it to increase. They might buy more, and think bitcoin as a valuable investment. Thus, gradually the price will increase and keep getting higher.
However, if the trust is gone, and people consider bitcoin as something worthless already, then of course they wouldnt want to invest in bitcoin again, selling their bitcoin, and the demand will be low, and of course the price will decrease as well. If more people trust bitcoin and want to buy bitcoin, of course the price will increase.

Lorence.xD

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Quote from: coin-investor on March 24, 2021, 11:49:42 PM

After 11 years Bitcoin has established itself as the most trusted coin you should not doubt investing as long as it has the trust of the majority, always check the market if the coin that you are investing still enjoy the trust, it does not mean that if the coin is dipping, investors are losing their trust, look in the overall performance of the coin that you are following, look on issues and feedback, and if they still have it go for it, profit is on the way, it maybe not later but it will be sooner.

The only one that is keeping people from investing in bitcoin is they themselves, they want to get in at a really favorable point to the point that they don't want to buy unless the price is going down but we really don't know when it is going down so we just have to buy as early as we can. You don't have to go for other coin, bitcoin in my opinion is enough if you want to invest early on, try to familiarize first before exploring other coin.

coin-investor

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After 11 years Bitcoin has established itself as the most trusted coin you should not doubt investing as long as it has the trust of the majority, always check the market if the coin that you are investing still enjoy the trust, it does not mean that if the coin is dipping, investors are losing their trust, look in the overall performance of the coin that you are following, look on issues and feedback, and if they still have it go for it, profit is on the way, it maybe not later but it will be sooner.

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