Greetings to the community, this week was very busy with currencies and traders who are experiencing a new bull market that seems to have no end. This rising market and the wave of news that tells us that the BTC will reach 205k $ are causing a tide of emotion out of all logic. It's fun to see most of your friends in the commercial world making plans with the profits they will make once the BTC goes above 100k, I see in their messages that they are controlled by emotion and not by reason. In this article I want to share my thoughts on the subject of emotions and read your comments on whether you think the BTC will reach 100K.
I want to start by remembering my days when I was working in a betting store where I was in charge of a roulette wheel. For a few weeks they explained to me how roulette worked and I remember that they told me in that training period "the emotion of roulette is not to win but to recover what is lost" this is what makes people addicted, I thought about how it was possible that intelligent and educated people can become addicted just to recover their money instead of looking to win more money, at that moment I did not understand it, it was with time and experience with addicted gamblers that I realized the power of an emotion like that.
The illusion of many investors at this moment is to try to recover the losses of 2017 and that is why they are willing to bet everything they have, without a doubt a sad scenario since just as with roulette the markets are controlled by the great whales of the world. No wonder that tomorrow they will bring out a news item that has to do with a regulation or a security breach associated with BTC big enough to scare off the mass of people who came in to buy BTC to get rich and thus get them to sell at a loss driven by the other emotion that enslaves people "fear
fear is contagious, fear can make people panic and act under the control of this emotion which is undoubtedly so strong that it makes people prefer to sell at a loss than wait to see what is really going on, this is how they control people make them enter into an investment for the emotion of winning and make you sell at a loss with the fear of losing everything, this is the same thing I saw in the roulette casinos in the time I worked there.
In conclusion, if you decided to invest, do it at the right time and in the project you previously studied, both its usefulness and the future of that project in the medium and long term, whatever you do, do not get carried away by these emotions that are being exploited for the benefit of a few at the expense of the loss of money of thousands of people. Remember that investments are made with timely information and under a neutral emotion it is better to win what you thought you could win in a calm moment rather than contributing everything in a move that will potentially leave you bankrupt.
created by: @trabajosdelsiglo
Hello friend, really the control of our emotions is important, especially when we talk about money, as you say the fear can make us lose much or simply not gain anything. Besides, being able to control our emotions will help us to have a better quality of life in all aspects! Greetings!
Greetings friend @trabajosdelsiglo. Without a doubt, the price of BTC is causing a wave of emotions, and many get on this wave driven by the emotion of earning more, and likewise, driven by fear they run to sell if they observe an opposite trend.
Hi @trabajosdelsiglo
Interesting post, this is something that many stop seeing, and so they lose.
I believe that those who invested in 12,000, 20 million, have already made a really substantial profit.
Selling now will make them millions, that's a big detail that many don't see.
You have to be neutral, control the panic of losing and not let your mind be clouded by a matter of earning a lot and quickly.
Greetings my friend @trabajosdelsiglo
Without a doubt it is great advice that you leave us through your lines of writing, sometimes euphoria or fear makes us make decisions that in the long run end up compromising our potential. Thank you for your contribution
@tipu curate 3
Upvoted 👌 (Mana: 0/150) Liquid rewards.
hi dear @trabajosdelsiglo
I loved the explanation of the roulette, I think that if it is going to reach 100k what I do not know is how long it takes, something to take into account in BTC is the supply curve and less and less is offered which indicates that the price will continue to rise
THis is interesting. WHen the prices were boring with cryptos consolidating, its like its not going up, when it will go up...bla, bla...one loses interest and liquidates the holdings. Then when it goes up, dash it I should have known better would have been better off HODLING.
Well, cryptos are different than other assets because they go through parabolic movements and when that cycle has started, prices have gone high like it is now, and we think of weather we should invest or not as price has gone up.
Reality is, since crypto is growing asset class, there is lots of room for crypto project to grow. So once you find one, invest in it, using the dollar cost averaging method so you benifit in the end, with wealth accumulation. Now, momentum is still there and one can end the crypto market and make profits even now, its not late.
Anyway... I know how fear feels, FOMO feels, I feel it now too, but fortunately I already have some positions in place for a while when things were boring with not much price movements(:... anyway.
I still thinking of investing in projects but not jumping, watching and learning and exploring them and meanwhile they are all going parobolic(: ...anyway