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Community Public Service Announcement for Crypto Currency Newbies.
I am seeing many people talking about buying Crypto Currency based on emotion rather than logic. Learn how to take your emotions out of trading.
Please take 90 Minutes and watch the video at the link. Psychology of a Market Cycle
If you are new to Crypto Currency trading this will be the best 90 minutes you will ever watch.
I don't know why the concept of "buy low, sell high" is so hard to understand. The point being if the the value for whatever you have bought has plummeted (particularly if it drops below what you bought it at), then it is already too late and obviously not the right time to sell. You might as well take your chances and wait for it to bounce back vs. panicking and selling.
As far as cryptocurrencies are concerned, I don't really have money to invest in them so all I have invested are computer resources for mining and my own time participating in this platform. From my point of view it isn't the right time to sell until and unless I end up accumulating a life altering amount (or I'm making enough on a daily basis that it makes sense to cash out part of it on a regular basis as an income). I figure I'm better off sticking with the cryptocurrencies I have an interest in (currently bitcoin, steem, gridcoin) vs. selling and speculating on ones I'm going to pay less attention to. But then I don't invest for a living :)
I made a brief technical analysis of Bitcoin today.
For people looking for a good entry.
https://steemit.com/bitcoin/@sjovmaiin/bitcoins-inevitable-retracement-the-top-is-in-for-now
Please dont flag for spam not my intention just wanted to be helpful.
Ha! I was just thinking on this earlier! I figure the Bitcoin surge is just about to enter the complacency stage.
Of course explaining this to people that don't use crypto is an exercise in sheer frustration.
Do you ever go into ICOs and how to approach pitching an ICO to a lay person?
Not anymore, I stopped participating in them because I profit more by trading than I would letting someone else hold my BTC for a potential profit.
nice post :) look also at this post :
https://steemit.com/cruptocurrency/@vbnm21/free-mining-free-coins-free-eobot-com
nice post :) look also at this post :
https://steemit.com/cruptocurrency/@vbnm21/free-mining-free-coins-free-eobot-com
Awesome Blog! =]
Thanks for sharing, looks like a highly educational video! Gonna check it out later on today!
NIce! Would love to know your opinion on this https://onegram.org/. Maybe in your next post.
I believe there are too many attempting to connect Crypto with gold. I won't buy them. Give me physical gold or silver instead. If you don't have it in your hand you don't own it.
True that!
amazing
nice....
hahaha, I love the "why did the government let this happen?" so true.
ok, now to watch the video
I am very happy you shared this today after this epic bull run in crypto that has taken us up to the stratosphere. The market is full of cycles like these. People need to understand now they risk they most. Buy low sell high sounds so simple but in reality its a totally different mentality.
Love that chart!
Great video. Made some $$$ practicing these tips in the 90 minutes I had it playing in the background!
You have to make a plan, do your research, and stick to it. Most important thing is to shut down emotions lie greed and fear. Never use more money you can not miss. And never buy to much when there is euphoria.
Crypto currencies are the only real market for money. And there is an evolution going on on this field. That's why a lot of cryptocurrencies are getting higher and higher as more and more people getting in. And there is more and more money pooring in. But there is also and temporarely boom and burst cycle within te long term (in my opinion postive) market trend. I only believe in long term cryptoccurrencies who have good management policies (between miners, users and devellopers) and have a real added market value. Some altcoin will stay, because they add value to the cryptomarket space. But a lot of altcoins probably will not survive. The top 10 list on every cryptocurrency exchange is by the way a temporarely status qua of the best cryptocurrencies of the world.
Thanks for the post. May I know who the author of the video is? I am interested in learning in more depth and follow his tweeter. Thank!
Hey, did you ever discover the identity of the author of this video?
No. I am still looking. No info in the video. Let me know if you find any. I am interested in his courses.
Hey there, thanks for sharing this amazing video. Could you share who the author of the video is? I would love to learn more from this guy.
May I ask who is the speaker in the video, how can I contact him? I am interested in taking his trading classes and learn to trade. Thanks!!
Do you have a new link by chance? That one seems to be broken. I'd love to see that video.