BTC and PSYCHOLOGY

[Brunus]

Well, the only way I foud to keep the stress level low is to think about BTC and other cryptocurrencies just as videogame points, and not as money.
I mean, I only use money I dont' need, and I just focut to win the game, not to "earn".
Maybe it sounds childish, but it helped me very much.

[StImelda]

If there is one thing I have learnt  about cryptos and that I will like to pass on to newcomers  is that they should  never make investment decisions based on what the crowd is saying. I learnt that the hard way, do your own research and do not get too excited  about every investments  suggestions that people  throw at you.

[GoldenLad]

The bitter truth still remains that not everyone who wants to invest in cryptocurrency is capable or psychological stable or strong to invest on it. Most people have psychological trauma at the process of it. Most people even attempt suicide because they can't stand the pain and confusions because some of them might have borrowed to invest in it.

[farosa]

Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.

I think you should be able to manage your own emotions. Because you lose money when you sell all your digital money in every market decline, you can not earn money. Search thoroughly and then decide.

[xuan87]

Yes the market of crypto is really scary, and all the people that want to join suppose to be learning the basic and pay attention to the market situation, but most of the beginners don't care about it and just invest and do panic sell, the market of crypto is not that easy to predict

[Dudeperfect]

This happens with everyone, I have lost my entire capital multiple times in my initial days of trading when I used to trade based on the others opinion and random advice given on the crypto trading platforms. However, after losing some money I have realised that crypto is all about self-responsibility and one should hold himself responsible for the result set in trading and invest in the crypto market. One must be able to make decisions based on his knowledge, skills & experience instead of his emotions.

[pandanaran]

Money will come to those who are really smart in controlling themselves, and certainly with a good strategy, based on what you tell it may be because you are just waiting and not trying to find information about the development of coin that you hold, yes maybe because you see too often market so it makes you not confident to hold.

[Koro-Sensei]

Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.

That's what makes bitcoin unique and any other coins are no exception. Following the crowd might be risky sometimes it seems bullish with the crowd. It also depends if you have already invested on that then add some more then give yourself a favor and determine which point you will stop and get yourself a profit.

[richminded]

Yes the market of crypto is really scary, and all the people that want to join suppose to be learning the basic and pay attention to the market situation, but most of the beginners don't care about it and just invest and do panic sell, the market of crypto is not that easy to predict

We all have made mistakes, emotion controls us sometimes but Its really not a good thing in the long run. We must continue to learn how to control your emotion, if you are scared about the market right now learn to over come it so you will not made a decision based on your negative emotion. Newbies will always be a newbie if they continue to invest without studying the market.

[TravelMug]

Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.

You have raised a lot of good points here. Yes, its not a get rich quick scheme which everyone has thought. You really need to used your common sense here and not to panic and sell your coins if the price is going down. I would say that crypto will bring a lot of money for all of us, but at least you need a lot of patience and careful planning and not to be greedy as well just like you have said.

[lelahkenabanned]

it seems the psychology of different people is not the same while the psychology when having bitcoin is also different there are happy there is a fear.

[herurist]

Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.

For me you're fundamental trader/ investor and I'm technical, different method but have same purposes ( profit ). Patience ( wait and see ) is part of strategy and as long you can take the right coin I believe you'll be success. I ignore news because always become opposite of my technical analysis, some times make me stress. Take one method, learn and practice for better result.

[upsidedown75]

Indeed if we have to be successful in the crypto world then we have to let our emotions stop right there and we must think about it in logical ways. I mean crypto is not magical place where you will put the money and will get huge returns form it. Thats the part of psychology but however when it comes to the real investment then we have to be patient enough, keeping ourselves upto date as you stated and then we can look through the profitability over the time.  
So basically what you suggested is true and this should be recognised by new comers as the old people are already very aware of the market behaviour.

Emotion is one thing that plays out most of the time in every new investor and make them to miss out a lot or make the wrong decisions most of the time and in as much as that is applicable, it would be hard for them not to stop complaining about the market.

Nevertheless, knowledge about the market and how to trade most of the time matters a lot and trading does not have to be learning everything at once since the long term basics alone is even enough for anyone to make quality long term trading decisions without any stress.

[usmanov123]

I like a lot one of the Inner Circle Trader's quote. He said that technical part is easy, the real job is not to go and buy big position... smth like that, you know) I agree totally

[parlament9]

about what psychology can there be a speech?
The market absolutely new and old rules don't act on it yet. The idea of a blockchain is individual and fine. My opinion - it is necessary just to release spare capital, to buy the currencies interesting you in which you are confident and to stock up with patience which after a while, will be rewarded

[naidray]

I do not know if all those who say they are not influenced by emotions,  really manage to be lucid when they see their capital disappear.
Sincerely, I can keep some control, but sometimes I suffer panic attacks that are really difficult to manage.
Sometimes I wonder if the gain (presumed ...) justifies the  stress   

Emotions come into play when you simply do not have any knowledge on trading and you are just gambling the market.
I guess where the problem starts is from trying to gamble your position in the market without any solid signal to make a move and that is what makes the difference between a skilled professional traders to a new investor who is just busy playing with the market.

Capital management is also one of those things that we always need to consider most of the time when trading the market.

[MiukoOk]

bitcoin and psychology have the information they say bitcoin was born to cater to the psychological needs of investors when the economy becomes unstable and they want some kind of digital currency that helps them stabilize. the mentality to invest more

[orions.belt19]

Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.

Yes, trading and psychology is a very important aspect to be aware of. Big losses or even profits can make a trader reckless which will lead to poor decisions. A lot of seasoned traders give newbies the advice to think and act as if you were a robot. Set emotions aside and base your choices purely on objective information.

The psychological aspect actually made me switch from being a fundamental trader to a technical trader, and from trading manually to developing a bot that trades 24/7 for me. Sure, humans beat computers at many things but not at performing mathematical calculations. Also, computers know no emotions so these psychological disadvantages don't apply for them.

The same may also be said in gambling. If you allow your emotions to get to you, you may end up making wrong decisions such as losing even more by recklessly gambling all your capital. Getting to know how the market is will make a trader psychologically prepared.

Traders such as you have opted for bots since their emotions may affect their decisions and even just looking at the charts regularly is stressful. There should also be a way to do the same in gambling so that emotions may be avoided as well although the pleasure and enjoyment may be taken out if bots were utilized in playing.

[Supercrypt]

I do not know if all those who say they are not influenced by emotions,  really manage to be lucid when they see their capital disappear.
Sincerely, I can keep some control, but sometimes I suffer panic attacks that are really difficult to manage.
Sometimes I wonder if the gain (presumed ...) justifies the  stress   

When it comes to cryptocurrency we should start thinking differently, maybe it is true that value of your coins going down and in some cases selling is good option, but in case of BTC we should look in long term. Today 1 BTC has a value under 6000$, but in a few months can very easily double the value - so there should not be places to panic.

BTC is a risky investment and it is not for everyone, sometimes is better leave something if it affects health, or just turn the "bad" situation to your benefit. It is not time to feel bad, but to maybe think how to buy more cheap coins.

Even in any market, as long as you are more focused on the long term and you are buying in a position where you are not simply just making dead moves on the market, then you will surely be making pretty good ones in such scenarios.

A lot of people want to get rich but they are not ready to do all that is necessary in terms of gaining knowledge to at least know how to make investment and market decisions and in such situations it is just better to stick with what they know best which is HODL than complain every time or let emotions rule them to making the wrong decisions.

[pey]

I think the psychology does not matter at all for most people because that is not investing, investing in most tokens is gambling, for me only bitcoin is a real investment and not gambling.