|
rumexx
|
 |
September 12, 2018, 06:41:19 PM |
|
This is true as the price is not comforting anybody as the day goes by the price keep sliding down. The reality on ground as far as the market value is concerned is such that will not encourage any trader to invest a dime in the crypto market for now. The bearish nature of the market with out any major news or invent that is suggesting this slide in market value of the crypto is disturbing. But the last quarter of the year is with us now so we wait and see what happens next.
|
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
Yaunfitda
|
|
September 12, 2018, 06:43:56 PM |
|
The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
Those who exited are those newbies/noobs who lost confidence because they think that the market will give them lots of money and become a crypto millionaire. This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?
When money is involved, there's always a lot of emotions. Greed, Fear, Anxiety, anything that will make people not happy in fulfilling their dreams. That's why experienced members will tell you that you need to check your emotions if you want to be a trader because there's a lot of psychology here. And if you learn how to control them, them I'm sure that you will win in this game. |
|
|
|
vnck25
Member
 Offline
Activity: 392
Merit: 11
|
|
September 12, 2018, 06:57:41 PM |
|
This is because many people have entered the cryptocurrency arena to make quick money, to become rich in quick time without investing time to actually understand the core principles of investing and concepts behind cryptocurrencies and blockchain technology. This is why there is lots of negative talk and fear among many players in the field. But people who know that after a huge rally there's definitely a downward trend and a consolidation period will take this opportunity to collect more cryptocurrencies at a bargain price. The people who lacks the information will leave the stage.
|
|
|
|
|
bratuha
Full Member
Offline
Activity: 420
Merit: 100
BRINGING MAGIC
|
|
September 12, 2018, 07:20:05 PM |
|
We have already been through a bear market even bigger than the current one. People came back after it and will come back again. Once we turn to the huge bull rally again just sit back and watch people jumping on it like never before.
I think the price of cryptocurrencies has not dropped to the bottom. We should be to wait a little longer. |
|
|
|
|
btchunter786
Newbie
Offline
Activity: 112
Merit: 0
|
|
September 12, 2018, 07:21:04 PM |
|
It is normal for the people to have fear when they are getting engaged in this market. But even then, this does not dominate the market because a lot of us look past it and see the benefits if we put aside our fear and let courage come forth.
|
|
|
|
|
Plumbank
Newbie
Offline
Activity: 283
Merit: 0
|
|
September 12, 2018, 07:51:06 PM |
|
The psychological factor does play a part in this market and affect the decisions the people will make too. But fear is not the only aspect that dominated the people, in some cases it is greed too that consumes them and make them unable to make rational decision.
|
|
|
|
|
MidnightNugget
Newbie
Offline
Activity: 53
Merit: 0
|
|
September 12, 2018, 08:20:51 PM |
|
Pinning it all on the psychological aspect seems a bit too far-fetched. Fear is not the only dominate emotion which deprives us from taking rational decisions. Greed is also one of the emotions which leads to our doom too in the market.
|
|
|
|
|
Cryptoworld4
Newbie
Offline
Activity: 59
Merit: 0
|
|
September 12, 2018, 08:30:48 PM |
|
The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?
I agree with you of course. The whole thing is just about our psychology and perception. We also need to change our mentality and thinking. Things cannot always go one way. We must always think of the other sides. |
|
|
|
|
Plumbank
Newbie
Offline
Activity: 283
Merit: 0
|
|
September 12, 2018, 08:48:40 PM |
|
Fear is not the only emotion which drives the market. It is greed to some extent. At the same time, wit is also one that makes the investors take rational decisions.
|
|
|
|
|
btchunter786
Newbie
Offline
Activity: 112
Merit: 0
|
|
September 12, 2018, 09:17:45 PM |
|
Saying that fear dominates the market is a bit exaggeration to be honest. If you look at the situation from a different angle you'll see that people who are here in the crypto market since the very beginning have always stood firmly on their ground and many of the investors today are actually trading since the introduction of Bitcoin. Fear cannot dominate the market because of these people, it's the newbies who panick and make stupid decisions.
|
|
|
|
|
|
rhodelmabanal
|
|
September 12, 2018, 09:23:30 PM |
|
Probably that's the main reason why we've been shitty dominate with psychological fear, and most of the victims here was the new traders. The long term holder were just strong enough to handle this pressures, but sometimes been feeling the struggles. However it doesn't stop them to pursue their dreams and remain calm despite of the ultimate challenges.
|
|
|
|
|
Omega Weapon
|
|
September 12, 2018, 10:49:51 PM |
|
It is true that right now there is a lot of fear going on in the market, but if you are an experimented investor this is not really a bad thing, you can take advantage of it, just look at all the people selling their ethereum just because the price went down a little bit, they are basically giving away their ethereum, not for free, but for a very cheap price that we are probably never going to see again.
|
|
|
|
|
JustBetweenUs
Member
Offline
Activity: 290
Merit: 28
bitcoin is not a bubble, it is the pin
|
|
September 12, 2018, 11:32:19 PM |
|
wrong
bitcoin has an acquisition cost. at the moment miners costs are above $5,800. the high majority of users are refusing to sell for less then they paid for it. which also supports the long term $5,800 bottom. thats called the underlying market value layer
above that. .. then there is markets speculation layer.
yes psychology dominates if a price goes 4X higher than communities average acquisition cost. and psychology can decide when to correct that empty hype spike. but thats just the hype and fear of the speculative layer.. not the underlying layer
right now there is about 10% hype/fear speculation
in december there was 400% hype/fear speculation
but right now there is not much fear. we are not seeing 400% drops. we are not seeing price go below the long term underlying value
right now 10%+ 10%- are not hype or fear. they are just normal waves..
That is one of the best explanations I have read so far, it all makes perfect sense. We have seen a time when people where just coming into the market to speculate, fueled by fomo. The prices went out of touch with reality and after a few months of detoxing we are getting back to prices tht reflect more the underlying value. Comparing the cost of mining of bitcoin to the current price is probably the best indicator where the real price should be, above that we get into speculative territory. |
|
|
|
|
pitiflin
|
|
September 12, 2018, 11:36:54 PM |
|
The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?
No. Don't be lame. Idiots dominate the market. If people have issues with being greedy and fearful,then they shouldn't be into it. Psychological is just a fancy word to describe what idiots do. They panic,they fuck up,they end up helping others in dumping. And you're saying a lot of bullshit. Cut that shit. Too boring. |
|
|
|
Kez1817
Member
Offline
Activity: 909
Merit: 17
www.cd3d.app
|
|
September 12, 2018, 11:45:42 PM |
|
The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?
Not totally! Not all people are fearful or greedy and i think most of the people understand already the ciculation of the market. This is a normal scenario which we can see and monitor market downtrend but it will rise after that. There only few people feared in the situation og crypto right now and the affect is just for themselves. I believe most of the people inside crypto world are already knowledgeable and aware about tgis situation. Nothing to fear about. |
|
|
|
|
Wish 107.5
|
|
September 12, 2018, 11:47:55 PM |
|
The market is red and I could see that many people are being anxious about it. People are now scared about the market, some are overthinking when it will be green again.
|
|
|
|
|
CoinsGazer
Jr. Member
Offline
Activity: 104
Merit: 1
|
|
September 13, 2018, 01:36:59 AM |
|
4 Psychological Biases you’ll experience when it comes to trading Cryptocurrency
1.Everyone at work is doing this / Social Proof
2.Just tell me what to do/ Authority
3.Nevermind, it’s too late / Inaction Inertia
4.Wait, it’s still rising? / Fear of Missing Out (FOMO
|
|
|
|
|
ganjasmokingg
Member
Offline
Activity: 255
Merit: 10
|
|
September 13, 2018, 02:31:37 AM |
|
The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?
I always have a positive view of the market because I understand the benefits that it will bring in the future is not only a small profit that it will serve a lot for us in the future. As for transactions, paying for people, paying bills ... always be positive about bitc or other types of cryptocurrency. |
|
|
|
|
Pamadar
Legendary
Offline
Activity: 2982
Merit: 1028
|
|
September 13, 2018, 02:47:52 AM |
|
The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?
I think its a normal thing if the unstable movement of bitcoin or crypto make a lot of people fear about their financial assets. And its nothing to blame about . I also agree wif finance is a game of psychology, but i think it will be better if we remain calm and make a clear thinking about our next decision regarding to the bitcoin. That's why we should deal with this game without any emotions, if we can fully controlled everything and stick with the plan that we created, greed and fear can be avoided as we are believing that things will be favor according to our own assessment, things will be fine inside this market as long as we do have patience and we can wait for the right time before buying and selling our assets according to our favor. |
|
|
|
|
|
primeminer
|
|
September 13, 2018, 03:12:14 AM |
|
The market is red and I could see that many people are being anxious about it. People are now scared about the market, some are overthinking when it will be green again.
you should understand about this kind of thing since you first joined bitcoin. with this belief, you can have a great plan for dealing with market price movements. I am always ready to face the rising prices at all times because I understand that prices will move again. |
|
|
|
|
|
