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

[spy100]

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,

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[jackg]

Crypto at the moment looks a lot like the way to root out the adaptive investors from the slower ones. Mellenials and gen z are driving the price imo in most of the tech areas and it should be a good rebalancing if pension schemes join late as younger people have a much lower share of overall wealth these days than the older generations did at the tame age (7%:30%).

Learn something new about the fundamentals while you're watching the price drop. Experiment with the lightning network or read a whitepaper on bitcoin or cryptocurrency in general to keep yourself happy with your investment.

[maxreish]

While I know psychological is also one of the tools we should consider in trading since emotions always there whenever the price of bitcoin goes up or down. But together with the other tools like technical analysis and fundamental analysis, we can actually make a good profit by using those.

I understand your point. All those trading movements like trading volumes, etc. are associated with emotional factors. When the price goes down, fear and panic existed and traders tend to sell their coin. And vice versa. We should basically should learn and understand how to react with those pyschological actions in trading.

[Darker45]

You already figured it out until the next surprise which, by the way, comes one after another in short intervals.

You are right but it is easy to say when you are several steps back. Try to get into it very closely like putting money where your mouth, get into day trading, and so on and you will realize it is a lot easier said than done.

Taking off from your statement, what made people trust Bitcoin more despite the fact that its price already went spiraling down from $20,000 toward the $3,000 rock bottom? Your statement may have some truth in it but they're not absolutely right. Because if price is the only indicator of trust, I'm afraid everything about Bitcoin's price movements are straight lines, which isn't the case actually.

[Bttzed03]

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

Comparing crypto to other stuffs like shoes or clothing eh? If it's expensive, they assume it has better quality. If it's cheap, they say the material used are also cheap. The logic applies but it's probably not the best way to make more money/bitcoin.

[cryptoaddictchie]

Can based on that but did you actually earn a lot from using that strategy? Maybe ti's working and how does this mood change and can be predicted. What I do notice though is the effect of some fundamental news that literally working depends on the caliber of content shown to public. Like the tether fud, with this the market undergone a roller coaster ride and now its been settled then market becomes green suddenly. But of course it has different point of view on traders mind.

[mersal]

People who ignored to invest on cryptos years back are regretting now after seeing that price of bitcoin went more than 50K and this is how a common man's psychology works. To invest on cryptos and any other assets which are highly volatile needs to have deep analysis and enough affordable capital and some backup plan if the investment goes in the wrong way.

[davis196]

Damn,you are a genius.You should win a Nobel prize in economics.
So,what's the tip?Buy more crypto,when people don't trust it and sell it when people trust it?
How much money have to made,by applying your genius theory in crypto trading?Are you the crypto Warren Buffet?
The same theory about emotions can be applied to any other financial market-stocks,FOREX,commodities,etc.
People are emotional creatures,so yeah,the markets are also very emotional.

[Obito]

People are emotional creatures,so yeah,the markets are also very emotional.

There is a saying that trading is more on psychology rather than predictions. So what OP is saying has been passed around the financial circles for a long time now and I don't think that it is enough to make money with bitcoin, you need a serious money because you will lose a lot before you can win something big, burning your books about trading in stocks will not do you good because most of the things there apply to crypto in some way.

[amishmanish]

I guess this latest batch of frustrated noobs and novel "investors" is slowly finding its voice again.

Volatility based on sentiments is true for every market traded commodity. Price is simply what the last person is willing to sell at and next person is willing to buy at. It is based on sentiments which in turn are based on performance company or usage of the underlying asset. All the world markets are based on sentiments. Bitcoin is more so because it is still very young and hasn't completely found acceptance. Individuals love it but somehow, as a collective, everyone is afraid of what it might expose.

Frankly though, We keep repeating this here. Nobody should invest or buy into bitcoin or any other crypto SIMPLY for the price appreciation if you don't understand or find the technology and its implications fascinating. If it does not open your mind and eyes to ideas, it is not for you.

[youdacapt]

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.

In a more realistic sense; crypto currency markets are based on emotions of different buyers and sellers; this does not mean that the market is emotional based. AS a trader; trading based off emotions means one thing (rekt). Also pumps and dumps are treated business wise; People hop in to buy more during the dump; and sell in profit in pumps; which means that people trust the dump more.

[Snappycoco]

I agree with some of your points specially with the emotion part. The need for the coins is one of the main reason for its pump. It is indeed one of the most complex way of making money but I therefore disagree that it is based on trust. One should understand that cryptocurrency is a technology for the future.

[AicecreaME]

You can't just earn money that easily when you know psychology stuff about Bitcoin. It's much harder when you're already in the situation in where green and stop loss are fighting with each other, and most of the time greed always wins. What works the best for making money in cryptocurrency is good technical analysis and contentment of how much you could make in a day.

You would rather have small profits every day but surely rather than high risk high reward but not sure profit.

[mu_enrico]

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

We have Mr. Buffett Jr. here #claps
It's so generous of you, you shared the million-dollars secret!


Seriously, trading is a bad way to earn Bitcoin. Signature campaigns and other businesses/services-related will give you Bitcoin with more certainty.

[oHnK]

Maybe in you this might work but not for everyone.  You're just saying an unfounded opinion.  How can studying psychology make you profitable in crypto.  In fact, the demand and supply on which crypto is based is not only influenced by psychological aspects.  There are many factors, for example if the Bitcoin price is at the top it means that there are more requests than offers, and if that happens for a long time.  How can you make up your mind?

[Poker Player]

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,

Where is the tip? You've written a lot of words but no tip. Yeah crypto is irrational but the same as the stock market, as Newton said, he: "could calculate the motions of the heavenly bodies, but not the madness of the people" regarding the stock market.

The best way to make money in Bitcoin is just to buy and hold. If you don't have enough money to buy at once, just DCA, buy and hold buy and hold, wash rinse repeat.

[Kong Hey Pakboy]

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.

Well... that's not how it is. Initially users should know that bitcoin's price is unstable. If they will accept that as a threat or weakness, then they should not invest in it. Many people nowadays are seeing it as a potential, and not gonna lie here, that's a high risk if they will go for it. So it doesn't matter if the price goes up or down, the moment they have invested in bitcoin, they should have made up their mind and trust it.

[Sterbens]

quite a rational analogy, but not completely, we also forget that there are some experts who are precise in analyzing bitcoin movements. So everyone has a possibility in terms of crypto trading. So far the analogy you have tried to give, is very suitable for what we are experiencing at this time. quality depends on the quantity value of an item.

only partially, and not all of it like that.

[dothebeats]

I'm pretty sure that's what the fear and greed index tries to gauge: the amount of emotion attached to a certain asset during a particular phase/scenario. It's actually not a secret that most of crypto's movements are induced by psychological reactions from people that are invested in it. It's just that people--especially in the traditional asset classes who are now into crypto--discredit this fact and try so hard to validate TA and instill that such analysis helps over analyzing what people has in mind and in emotions at that current time.

The human psyche is compelled to insist its decision the moment the spur of emotions get the best out of our logic. It rings true in most investments, and not only crypto, that's why most seasoned traders often advise us to distance our emotions with our money and investments.

[laredo7mm]

I'm pretty sure that's what the fear and greed index tries to gauge: the amount of emotion attached to a certain asset during a particular phase/scenario. It's actually not a secret that most of crypto's movements are induced by psychological reactions from people that are invested in it. It's just that people--especially in the traditional asset classes who are now into crypto--discredit this fact and try so hard to validate TA and instill that such analysis helps over analyzing what people has in mind and in emotions at that current time.

Totally agreed with you. Also, I saw price always pump from psychological support and dump from psychological resistance at least for a little while. That's created a good opportunity for scalping for day traders.

The human psyche is compelled to insist its decision the moment the spur of emotions get the best out of our logic. It rings true in most investments, and not only crypto, that's why most seasoned traders often advise us to distance our emotions with our money and investments.

In most cases, emotion creates panic and forces us to make wrong decisions. I have lost some opportunity to make big money through crypto because of fear. So better be avoided emotions and always stick to your plan.

[Mauser]

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,

To be honest we could change the word crypto to stocks and it would still be true. Humans are trading all kinds of financial assets and will always follow patterns. Once enough people statt selling most of the others will follow. We humans are herding animals that try to find validation in others. That is also why chart analysis has been working for a long time.

[teosanru]

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,

I don't think you need to burn those books. Books actually teach you about the basics of the market. People think that only theoritical knowledge of trading can take them places but the reality is that bitcoin and crypto is altogether a new space. A space which has no regulations. There are different set of practices that this market have. You have to tweak the traditional methods and practices to find a holy grail which works for you. Moreover if you think people have been losing money in cryptos trust me I have seen many stock market traders coming to crypto and earning huge sums of money by tweaking their old technical analysis just a little here and there. It's all about experience which you can only get with time.

[cr1776]

Here is a tip:  buy some.  Move it to cold storage.  Come back in a few years. 

Don't trade unless you have a crypto-crystal ball.  You may get luck, you may not.

[goldade]

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,

While I understand what you mean, I don't believe that is all there is to it. It is true emotions play an important role in the crypto world especially in trading. It is, however, not the only thing required to make the most of the market.
One must understand that fundamental analysis and technical analysis are also very important aspects of trading that shouldn't be underestimated if one intends to make profits.

[ChrisPop]

I agree that psychology (emotional control) holds an important role in the process of investing and trading. However mathematics, economy and finance are also essential to being successful on the long-term in any kind of markets. All these disciplines are interlinked and if you are knowledgeable and continue to refine yourself in each one of them AND apply the concepts learnt money should be a by-product.

[Gozie51]

when the price goes down they trust it less.

This is the time that you start getting the good and support vibes for bitcoin when it is getting bull but it gets all the bad vibes when it starts returning back and that is the big question.
Investors need to know it has to drop too at a point.

[Hydrogen]

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,

Every market price movement has a tangible and rational explanation. Price trends and market shifts are never randomized or unexplainable.

When prices trend up, it means there is significantly more purchasing volume in contrast to selling volume. When prices decline, the opposite is true.

Sharp movements upward mean whales are buying in high volume with big money. Sharp movements downward mean whales are selling in high volume with big money.

Everything can be explained by buying or selling. The only real question is motive. Which can be explained by experience and observation of market trends correlated with knowing and learning the history of markets.

[CarnagexD]

Well, I always thought trading handbooks and such are a huge bullcrap and are not really something you should expect to teach you on how to be the best trader you can be. So it is best to just learn and atudy your past trades and improve upon them, because nobody in the upper echelons will tell you how they got there.

I agree that psychology (emotional control) holds an important role in the process of investing and trading. However mathematics, economy and finance are also essential to being successful on the long-term in any kind of markets. All these disciplines are interlinked and if you are knowledgeable and continue to refine yourself in each one of them AND apply the concepts learnt money should be a by-product.

Basically self-study. Learn by yourself, study by yourself, if need be, try your hardest to manipulate the variables to your liking. That is how you win in the industry.

[20kevin20]

You pretty much got it right tbh. Right now, cryptocurrencies mostly move based on psychologically-influencing factors. Celebrity tweets, news, little market dips etc.. they're all influencing the price strongly. But in the future, I suppose this won't be it anymore. Bitcoin is quite hard to predict because it's a fairly new market. The more it matures, the easier it'll be to find patterns and make more viable and accurate predictions.

[just_Alice]

That's pretty much basic stuff, if only everything was that simple. Naturally, when some significant event takes place (e.g. some company denies crypto-related contract causes the price to drop, or an influencer expresses an opinion in support of crypto causes the price to increase, etc.) there will be a certain trend. If the price is dropping - it will keep dropping, if the price increases - it will continue in that fashion for a while. But, the truth is that in most cases you can't predict these kinds of events, they occur sporadically.
Sometimes you can wake up in the morning and see that the price has changed while you were sleeping. And when the events have already occured if you don't want to lose any money - it would be unwise to sell, even knowing that the price will keep lowering. One has to either seize the moment and purchase even more or simply hold.
So, in the end, that kind of knowledge, understanding the psychology isn't really helpful, when all the major price runups occur unexpectedly and for different reasons.

[doomloop]

I agree that psychology (emotional control) holds an important role in the process of investing and trading. However mathematics, economy and finance are also essential to being successful on the long-term in any kind of markets. All these disciplines are interlinked and if you are knowledgeable and continue to refine yourself in each one of them AND apply the concepts learnt money should be a by-product.

Works solidly in the stocks market but doesn't apply as flawlessly in the crypto-market because things move very fast here and mostly unpredictable. All you can best is actually hold but even that is hard when the market breaks down and panic sets in.

Here is a tip:  buy some.  Move it to cold storage.  Come back in a few years. 

Don't trade unless you have a crypto-crystal ball.  You may get luck, you may not.

Hah! I wish I did that years ago and I actually had similar thoughts too but I never really capitalized on my thoughts. Yes predicting the market is very hard but sometimes it is easy to predict like around the Chinese new year the price always goes up and once their new year ends, the price comes down by at least a small margin. You don't need crystal ball for these predictions.

[DoublerHunter]

You pretty much got it right tbh. Right now, cryptocurrencies mostly move based on psychologically-influencing factors. Celebrity tweets, news, little market dips etc.. they're all influencing the price strongly. But in the future, I suppose this won't be it anymore. Bitcoin is quite hard to predict because it's a fairly new market. The more it matures, the easier it'll be to find patterns and make more viable and accurate predictions.

^ Definitely right, but all of these people behind were trying to manipulate BTC price, they are desperate of making money on BTC and then, they think that it is easy for them to give influence to people who don't know yet on cryptocurrency. As of this moment, we saw a lot of high-profile people using their power to give influence and hoping they will succeed. Nevertheless, BTC price is really hard to predict even there are too many influencers out there, they are everywhere on social media, have noise on cryptocurrency price.

[Dragonfund]

You forgot to include the media as well. Media also play an important role in crypto trust as you said in bull run.
Now, we have two types of media that's always influencimg its movement, the real cryptoedi with crypto niche such as the coin desk, cointelegraph and cryptopotato and then the other small channels that alway post about cryptocurrency even in bear Market.
The other main channels are the non crypto guys that always appear crypto on the headline whenever there is something huge in bitcoin especially in bull run just like some days ago when bitcoin dump about - 21% in a just 2 days, BBC headlines reported and said it was as result of Elon musk shares in bitcoin that's why everything fell. Just imagine  
There are some big news outlets in traditional market that sometimes share about information about Bitcoin once in a while and the word btc spread brings more people into its volume, we have seen what happened some weeks about Bitcoin volume unlike in the past.

[Yatsan]

There are lots of contributing factors that is affecting the change on the price of not just Bitcoin but also the other cryptocurrencies on the market as well making it unpredictable added by the fact that it is really volatile in nature. Considering those factors which are making a big impact on how the price changes overtime, it is hard to materialize upon doing calculations through mathematics on how will be the price going. Mostly traders and investors nowadays are putting their own strategies based on instincts and experiences dealing with trading and investment on how they will work on with Bitcoin volatility and putting themselves into taking risks to see if it will be worth it or not. Basically the contributing factors plus the way people is analyzing those on how it can affect the price makes it up into a decision putting their trust if they will invest or not

[Flowzer]

Its too ambigous for a serious decision like investment stuff.
Technical analysis also needed for entry the market, even its not work all the time.
Another things that needed is reading the market movement by watching the community of the project you want to invest.
Its true when community stay positive, its impact on good movement at the market too.

[josgandosbro]

It was not easy to earn the money in bitcoin. Frist you know about bitcoin. Bitcoin is any time to change the price. So must know the bitcoin information. Bitcoin prices are not easy to guess. So check the bitcoin price in the marketplace every day then easy to guess the market price. If the price will go down that time to invest. Bitcoin gives more profit and help to your future growth.

[dihari]

I can agree with all the statement. Bitcoin is drive by community trust.

Now, if I may add another thing that makes crypto have value and rise the price, it is the technology. If some crypto company bringing a new disruptive technology to its project, people will start believing on those cryptos.
Look how these hype of uniswap, years ago we saw how people crazy with kyber network. The two example is bringing new technology and it's drive its value (price).

After all, crypto makes me understand something. If I want to continue making money on  bitcoin (crypto in general), I have to keep learning on something new in blockchain.

[South Park]

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,

But all the markets move like that, markets do not move by logic they move by emotions, this is why it is often said that fear and greed are the masters of the markets, when greed dominates the markets it keeps going up as people think that it does not matter at what price they buy there is always going to be someone willing to pay a higher price, but then the market crashes and fear takes over, at that point people begin to sell regardless of how much money they have lost since they think that if they do not do it now then they will have to sell for an even lower price tomorrow, in fact this kind of insight is in most trading books so there is no reason to throw them out when you can learn a lot more from them.

[iamsheikhadil]

Thank you for this post, I have had very similar observations and hold the same idea when it comes to crypto trading/holding that no matter how much we try to predict the charts, market manipulation etc, the price is directly proportional to fud and fomo and this is what that has acted as pump and dump for years. It's totally based on trust and with growing time, I am sure this trust will grow more

[shoreno]

i wonder if what is your reaction for years of doing research ,  hardwork and by using technical tools just to find out that you dont need all of this because crypto works verry simple but thanks for this tips if this is really how crypto woks , you can save many people that are eager to spend bucks just to find out that miracle tools to help them made money in crypto but instead these people may now spend on human psychology courses if ever they are bad as this or wants to greatly improve this ability

[judeafante]

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,

It's more on FOMO, FUDS, and shills you just follow the news before the market, for every dip, there is a reason behind it for every rally expect adoption or whales making a move, always check the coin or token that is gaining the trust of investors and it's likely to get a pump in the market, you don't need a rocket science to know how the market moves.

[LUCKMCFLY]

Trading If you have to do much with psychology, in some cases trading depends a lot on how trader's personality is, sometimes letting all feelings that may be feeling and that's when mistakes from traders begin.

When we control emotions and we have a great psychological strength to withstand the changes that are not favorable, we learn much more, more solutions are seen, but it is very difficult to reach that level, I think that this refers OP in the psychological part.

[Mpamaegbu]

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

That actually got me rolling on the floor, literally. That's true because none of those conventional learning teach stuff outside planned expectations. Crypto is nothing close to that. It's as erratic as they come. The most important thing investing in crypto apart from DYOR is, "the psychology of the mind". Having a mastery of one's emotion is key to surviving in the crypto industry. This is why I laugh at those who invest a few dollars whine because the tokens they just bought are going down in price. The simple logic in crypto is "buy and forget", which in the right parlance is " hodling". It's a bad sign to constantly monitor charts because one is in a hurry to sell off. Don't risk money you can't afford to lose. Again, never treat crypto investment as a get rich quick scheme.

[TheGreatPython]

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

Crypto market is based on demand and supply. In your words, when the trust demand is less the price goes down and when the trust demand is more, the value goes up.

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

As more investors are coming in the trust demand increases and hence the price. The supply doesn't change much unless there is a whale dumping for some reason.

One thing, I can agree on is that no math or analysis works in this market and really all that matters is how you benefit from either of the bull or bear run. Once the bear run starts if you are smart and buy some coins you benefit and similarly if the bull run ends and you sell the coins at the best possible time, you benefit the most.

[South Park]

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

That actually got me rolling on the floor, literally. That's true because none of those conventional learning teach stuff outside planned expectations. Crypto is nothing close to that. It's as erratic as they come. The most important thing investing in crypto apart from DYOR is, "the psychology of the mind". Having a mastery of one's emotion is key to surviving in the crypto industry. This is why I laugh at those who invest a few dollars whine because the tokens they just bought are going down in price. The simple logic in crypto is "buy and forget", which in the right parlance is " hodling". It's a bad sign to constantly monitor charts because one is in a hurry to sell off. Don't risk money you can't afford to lose. Again, never treat crypto investment as a get rich quick scheme.

I will agree with the fact there are many books out there that promote a bunch of stuff that does not work, but that is because the people behind those books do not want to teach anything about the economy or the markets, they are interested in selling books and for that they need to appeal to what people want to hear, but there is still a lot of tools out there that can help you become a better trader or investor and we should not discard that knowledge, otherwise we are not going to be as effective as we could be.

[Kittygalore]

When we control emotions and we have a great psychological strength to withstand the changes that are not favorable, we learn much more, more solutions are seen, but it is very difficult to reach that level, I think that this refers OP in the psychological part.

Controlling your emotions only works if you are the trader, the psychological part that OP is pertaining is the people that are making the market move which is the consumers, if you have a general grasp of mob psychology then you can predict the next big stock or in this case the big cryptocurrency or the next pump that you might want to get in before it happens.

[kotajikikox]

Good to see Post like this that shows concern to many of us , specially the critical way of investing but since it applies all the area of living i must say this is really a hard way of profiteering .

deeper understanding and broader mind will bring us to what we are looking for.

Bitcoin is indeed not that friendly but if you will only trust the currency then all will come your way, this is not for weak and panic person , because only tough and braveheart will succeed in investing with Bitcoin.

[gatti]

Good to see Post like this that shows concern to many of us , specially the critical way of investing but since it applies all the area of living i must say this is really a hard way of profiteering .

deeper understanding and broader mind will bring us to what we are looking for.

Bitcoin is indeed not that friendly but if you will only trust the currency then all will come your way, this is not for weak and panic person , because only tough and braveheart will succeed in investing with Bitcoin.

Bitcoin, as a cryptocurrency, has been subject to mainstream debate for quite some time now. People analyze its past and speculate about its future for a wide variety of reasons - some people want to know the history of cryptocurrencies, others are curious about possible investment opportunities.Bitcoin, as a cryptocurrency, has been subject to mainstream debate for quite some time now. People analyze its past and speculate about its future for a wide variety of reasons - some people want to know the history of cryptocurrencies, others are curious about possible investment opportunities. It doesn't matter if you make a smart investment and earn a lot of money from it if you have an unsafe wallet that can be easily hacked. That said, choose a reliable Bitcoin wallet.

[pinggoki]

So what are you saying is that the way in order to make money in cryptocurrency is trust? Maybe yes? Cryptocurrency is volatile in which you may gain and make money by just staying on a coin or making it as an investments bur the thing is that people are more emotional when they are seeing that the price of the coin that they invest starts to dumps they are starting to scared and gets emotional that it may brings them to pull out their investments although they know that they've lost. What we need to do is to set aside are emotions first so that we can focus on making money through the help of bitcoin.

[uneng]

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

I agree, crypto currency is like humans: unpredictable.
There is happiness, sadness, greed, ansiety, frustration, well-being, euphory, but there is no sure way to know what is going to happen next, or how it will behave until you see it's happening for real.
That is due to the fact humans are driving crypto currency market without any kind of limitations, interferences or safety measures. Different from stocks market, here you don't have a button to press when the market is crashing, so you can stop everything to keep the prices relatively stable. It's totally a natural ambience, the human nature in its essence.

[suzanne5223]

deeper understanding and broader mind will bring us to what we are looking for.

Agreed cause having total knowledge about the crypto market is very important not even in cryptocurrency only though.

Bitcoin is indeed not that friendly but if you will only trust the currency then all will come your way, this is not for weak and panic person , because only tough and braveheart will succeed in investing with Bitcoin.

Bitcoin is friendly but the nature of its market is not friendly cause it can choose to pose a trend without any reason behind it and a person who doesn't understand the potential of the currency will never trust it.

Controlling your emotions only works if you are the trader, the psychological part that OP is pertaining is the people that are making the market move which is the consumers, if you have a general grasp of mob psychology then you can predict the next big stock or in this case the big cryptocurrency or the next pump that you might want to get in before it happens.

Control of ones emotion will work if the trader/investor in charge understand the psychological momentum in the price of the market

[South Park]

When we control emotions and we have a great psychological strength to withstand the changes that are not favorable, we learn much more, more solutions are seen, but it is very difficult to reach that level, I think that this refers OP in the psychological part.

Controlling your emotions only works if you are the trader, the psychological part that OP is pertaining is the people that are making the market move which is the consumers, if you have a general grasp of mob psychology then you can predict the next big stock or in this case the big cryptocurrency or the next pump that you might want to get in before it happens.

Emotional control can also be very useful for investors that are willing to be in the market for the long term, a very clear example of that is the crash we saw in 2017 and the difficult bear market that we had to endure for years, many people that were very bullish about the market left and never came back thinking that the market was never going to recover but an investor that could master his emotions could have been able to see that it was a great opportunity to buy bitcoin for a low price and take advantage of it.

[darewaller]

crypto currency is like humans: unpredictable.

Humans are rational actually because we usually have a reason to get upset or happy while Bitcoin can move in any direction without any explainable reason.

There is happiness, sadness, greed, ansiety, frustration, well-being, euphory, but there is no sure way to know what is going to happen next, or how it will behave until you see it's happening for real.

I don't think that is true unless someone has some kind of mental problem. There is always a reason behind all the emotional states you mentioned. If you are sad you surely had some bad experience or maybe memories to recall. If you are happy you have either gained something or remembered some good memories of past. Anxiety happens when something is pending like waiting for your results when in school.

Anyways, I agree that bitcoin or any crypto moves in an unpredictable and explainable manner so better just go for the value of the crypto you invest than the pricing.

[Alucard1]

It's not all about trust, it doesn't mean that if a lot of people sell their bitcoin then they don't trust it anymore, there are many factors or reasons why some persons sell bitcoin. When bitcoin pumps, bitcoin becomes stronger, just like when the bitcoin reaches the new ATH, a lot of company and big people explore it as well and bought bitcoin which makes the bitcoin pumps once again.

Bitcoin prices are not easy to guess. So check the bitcoin price in the marketplace every day then easy to guess the market price. If the price will go down that time to invest. Bitcoin gives more profit and help your future growth.

Yeah, so better to avoid guessing it because you will just waste your time doing that and that makes the bitcoin unique among other currencies.

[Jgatsby]

It also comes with understanding how the market works, be mindful of the current events happening all over the world, for its a huge factor that can influence how the market functions in the cryptocurrency world. Also don't complicate things out buddy, just buy low and sell high.

[ReiMomo]

It also comes with understanding how the market works, be mindful of the current events happening all over the world, for its a huge factor that can influence how the market functions in the cryptocurrency world. Also don't complicate things out buddy, just buy low and sell high.

It's precisely right, be mindful of the recent event because there could be an impact on the bitcoin price. Especially when there is a very influential person that wants to make noise regarding crypto or directly to bitcoin, it will always have an impact.

But the most problem of newbies that want to invest in a crypto is when to execute the buy low and sell high, the market price is very unpredictable and you will never know what will happen next. But one thing that I know and I'm sure, investing bitcoin anytime and hold this for long run purpose.

[Ridwan Fauzi]

There are many people already whos said when you invest your money to bitcoin then you have to use money that you can afford to lose. By doing that, you will be a rich holder, yeah bitcoin just for those who hold it for long time. You can't imagine for those who hold bitcoin since 2010 ago at least he had should bitcoin at 2017 ago when its price touched $20.000, how you can imagine the profit that he got?

Also now, for those who hold bitcoin since 2018 ago when its price dumped to $3500 and at least he has sold it when its price touched $60.000, how you can imagine his profit? This is why I talk bitcoin just for long time holder, buying bitcoin and put them at the hardware wallet and come back again when its price is already high.

[MCobian]

I agree that making money from Bitcoin cannot rely on the theory in the books. People with experience in the crypto world have a much better
chance of making money from Bitcoin. Because the most important thing when investing in Bitcoin is to control the emotions we have, because
Bitcoin price movements are very difficult to predict. So it is very important to maintain the patience that we have, not to over-involve our emotions
when investing in Bitcoin. As long as our emotions are controlled, it's only a matter of time to get big profits from Bitcoin.

[justdimin]

Bitcoin prices are not easy to guess. So check the bitcoin price in the marketplace every day then easy to guess the market price. If the price will go down that time to invest. Bitcoin gives more profit and help your future growth.

Yeah, so better to avoid guessing it because you will just waste your time doing that and that makes the bitcoin unique among other currencies.

Well, if we avoid to guess it but we hope that it is stronger when it goes up, everyone should try to do what I do and everyone will win.

I try to buy as much bitcoin as I can afford without changing my life, I still live my regular life without going into debt or taking out a loan, basically not doing anything risky and that is why the money I have in crypto is not the money I need for my life, and I keep doing that because I think bitcoin price will go up and that is why I think it is quite clear that if you can wait for years, it will always be profitable no matter where you bought it from, even if you bought from 60k that doesn't change the fact that we could always have another 5x coming up in the future, maybe not tomorrow, maybe in 5 years but it will definitely happen. This is why I think it is quite clear that we should be saving bitcoin as much as we can afford to lose.

[Alucard1]

Maybe in you this might work but not for everyone.  You're just saying an unfounded opinion.  How can studying psychology make you profitable in crypto.  In fact, the demand and supply on which crypto is based is not only influenced by psychological aspects.  There are many factors, for example if the Bitcoin price is at the top it means that there are more requests than offers, and if that happens for a long time.  How can you make up your mind?

Yeah, this is only an opinionated statement, there is no fact that studying psychology would give you the advantage about the movement of crypto, I got the OP's point but that is not enough, there are so many people who is exploring the bitcoin and all of them have different way of thinking so how could you take that as advantage to earn bitcoin if learning one's mind is really hard and this is really impossible to learn every people,'s mind.

[Jemzx00]

Maybe in you this might work but not for everyone.  You're just saying an unfounded opinion.  How can studying psychology make you profitable in crypto.  In fact, the demand and supply on which crypto is based is not only influenced by psychological aspects.  There are many factors, for example if the Bitcoin price is at the top it means that there are more requests than offers, and if that happens for a long time.  How can you make up your mind?

Yeah, this is only an opinionated statement, there is no fact that studying psychology would give you the advantage about the movement of crypto, I got the OP's point but that is not enough, there are so many people who is exploring the bitcoin and all of them have different way of thinking so how could you take that as advantage to earn bitcoin if learning one's mind is really hard and this is really impossible to learn every people,'s mind.

The OP is saying that we must understand the Crowd Mentality of every individual not only in bitcoin but in all the cryptos. The statement is correct if you don't want to study the market and be updated on the news on the crypto industry. That is also why there are groups for crypto signals where the power of the crowd can affect the investors and mindset of each individuals.
It's worth understanding the psychological aspects of every crowd and each investors but most of them do the research which is why certain coins pump and certain coins dump. There are reasons why the crowd choose to invest on a certain crypto and it's because of the news, updates and the people involve on it and not just because they think of it. 

[wack slacker]

Bitcoin is growing fast and crazy. Many have regretted not investing in it, but it's probably not too late to do so. You should study properly and find a job to earn money and save money to buy Bitcoin. Only then can the income become sustainable and stable over time. I'm against the hype of any cryptocurrency. I do not disregard the education or value of the book in any field.

[doomloop]

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.

Lol you must be kidding me . I know that emotions can affect the market, but just because you think that people trust Bitcoin when the price is going up and then they fear when it’s going down is not enough, we all know that already, but when the market is going up you can’t tell where it’s heading next, it can start going down at anytime, despite you have said that people will trust it when the market is going up.

Anyone who is a trader and wants to be successful will always follow up with everything that has to do with the asset that they are trading and not just looking at the way you have said it.

[blckhawk]

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,

I partly agree with your statement that psychology could also have an impact because emotions do really matter in the market. However, I don't think that crypto is based on trust though maybe in some part but not entirely. The Crypto market moves because of the demand and supply not by the trust of the users. With regards to understanding the human psychology or sociology will make you wealthy, I don't think it is enough you also need to work upon it.

[Mauser]

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,

I partly agree with your statement that psychology could also have an impact because emotions do really matter in the market. However, I don't think that crypto is based on trust though maybe in some part but not entirely. The Crypto market moves because of the demand and supply not by the trust of the users. With regards to understanding the human psychology or sociology will make you wealthy, I don't think it is enough you also need to work upon it.

I agree with you, the crypto prices depend a lot on the available capital. For example, without all that stimulus money I wouldn't think that prices are as high as they are right now. We are still in really bad times due the corona pandemic, but still prices are rising. All countries around the world are printing money and increasing their debt levels while tax income is dropping. So switching that newly printed fiat money into crypto currencies is a pretty good trade.

[bitgolden]

The OP is saying that we must understand the Crowd Mentality of every individual not only in bitcoin but in all the cryptos. The statement is correct if you don't want to study the market and be updated on the news on the crypto industry. That is also why there are groups for crypto signals where the power of the crowd can affect the investors and mindset of each individuals.
It's worth understanding the psychological aspects of every crowd and each investors but most of them do the research which is why certain coins pump and certain coins dump. There are reasons why the crowd choose to invest on a certain crypto and it's because of the news, updates and the people involve on it and not just because they think of it. 

I do agree that psychological part plays a big role in this, but that doesn't mean that math part doesn't play a role in it neither. I think it is obvious that there is both psychological part and a mathematical part both playing a role. If there is a good chart and indicators show that there is a big possibility that price will go up, if psychology doesn't prevent it that means price will go up, but if there is a "news" that people think it is bad, it will go down even if indicators show otherwise.

This could happen or vice versa could happen with a good news and that is why I think it is obvious that people should not be focused on just one thing, focusing on purely psychology and what the market thinks will make you lose money, you should read both the market and also what the indicators are saying in order to make a good amount or profit.

[aioc]

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,

It applies to everything not only Cryptocurrency, but it's also all about demand if the demand is huge then the price will increase because the buyer who can give the best price will get the stuff, that's all there is and so far based on the market indicator, there's still demand in the market and the trust is still there, it's not really rocket science it's simple logic in investing.

[Cling18]

Most people deal with the changes in crypto psychologically and technically which is really effective. The pump and dump have a huge impact on the psychological state of mind and emotions of traders and investors so we should learn how to take advantage of it. When most investors fear the dump and do panic selling, then take advantage and buy at a low price.

[angrynerd88]

Individuals who overlooked to contribute on cryptos a long time back are lamenting presently after seeing that cost of bitcoin went more than we expect and typically how a common man's brain research works. To contribute on cryptos and any other resources which are profoundly unstable ought to have profound investigation and enough reasonable capital and a few reinforcement arrange on the off chance that the speculation goes within the off-base way.

[Spaffin]

Individuals who overlooked to contribute on cryptos a long time back are lamenting presently after seeing that cost of bitcoin went more than we expect and typically how a common man's brain research works. To contribute on cryptos and any other resources which are profoundly unstable ought to have profound investigation and enough reasonable capital and a few reinforcement arrange on the off chance that the speculation goes within the off-base way.

In fact, such difficult feelings visit almost all of us, especially when you pay attention to the current price of Bitcoin, and what rash actions accompanied my work in the cryptocurrency business. But nevertheless, we learn from our mistakes, and also constantly receive opportunities for profit, participating in the current period in these processes. And a person who is far from cryptocurrencies and hears about them only on TV, in most cases, will remain sitting on the couch without taking any action.

[adzino]

Burning your "math" or "economics" book won't help. Are you trying to say that crypto defies all math and economical conditions? That is not true at all! Several factors economical factors play a role when it comes to the price of the crypto currencies. Like, don't you see how the price increases once there is a "trend"? The trend leads to demand causing the price to increase more.
You are right over here. To some extent, the price is also determined by human "psychology" but that factor has a short term affect on the price, not long term. Just don't depend on it for your future investment.

[carlfebz2]

Individuals who overlooked to contribute on cryptos a long time back are lamenting presently after seeing that cost of bitcoin went more than we expect and typically how a common man's brain research works. To contribute on cryptos and any other resources which are profoundly unstable ought to have profound investigation and enough reasonable capital and a few reinforcement arrange on the off chance that the speculation goes within the off-base way.

In fact, such difficult feelings visit almost all of us, especially when you pay attention to the current price of Bitcoin, and what rash actions accompanied my work in the cryptocurrency business. But nevertheless, we learn from our mistakes, and also constantly receive opportunities for profit, participating in the current period in these processes. And a person who is far from cryptocurrencies and hears about them only on TV, in most cases, will remain sitting on the couch without taking any action.

People who do try and taking up some involvement into something due to out of curiosity or just simply it interest them would always have the chance on improving themselves once they do get some experience.

Making money on this market is just actually a bonus not really a main deal on here because bitcoin wasnt created for that sole purpose of money making but rather on a new way of payment system which is
really much prefer into those fellas who do really mind of about anonymity.

Earning money isnt something that everyone can attain because just like on traditional business, these things would still need proper planning and decisions.

[Shasha80]

Even though you are right, human psychology plays an important role in investing in Bitcoin. But that does not mean we have to burn all books
on math, investing, finance and economics. After all, all the knowledge we get from all the books mentioned, can change our mindset for the better.
So learning all kinds of things is something that humans have to do, I think people with extensive knowledge that their life will be much better.
Because a healthy life is not limited to the crypto world, getting rich from Bitcoin must be achieved, but that does not mean forgetting anything else.

[pilosopotasyo]

As long as people are trusting Bitcoin you can continuously make a profit here, it's a continuous cycle, it goes down and people buy, and when it goes up people are selling, it's a cycle that so far made people made a profit, for many years, and it will continue to be the trend, for many more years to come.

[lienfaye]

As long as people are trusting Bitcoin you can continuously make a profit here, it's a continuous cycle, it goes down and people buy, and when it goes up people are selling, it's a cycle that so far made people made a profit, for many years, and it will continue to be the trend, for many more years to come.

Indeed its about trust on bitcoin. For investors who have known bitcoin since the early days and trusted it from the beginning, they already made huge profit for hodling on long period.

Its really getting too much attention during bullrun because its an opportunity to take profit and some people dont want to missed the chance thus engaging themselves. But if the market is in bearish there are so many negative news and predictions pertaining to btc. For the past years thats how btc exist, despite that it remain on top and people are now seeing btc as worthy investment.

[Reatim]

Crypto is based on trust ...

Good Selection of WORD , TRUST 

Now tell us how will we be trusting you when 10 people and more are not trusting you here inforum ?
How would be able to believe what your saying is true .

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

Well I trust crypto specially Bitcoin and Dogecoin  , But your TIP has been mentioned here in forum for thousands of times , Yet Thanks lol ..

[coin-investor]

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.

[Lorence.xD]

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.

[nightxglow]

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.

[DarkIT]

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.

[RealMalatesta]

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.

[ven7net]

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?

[xanxus.kun]

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.

[hahay]

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.

[StartupAnalyst]

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.

[nicecrypto]

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.

[TedMosby]

-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.

[cyriljundos]

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.

[Darkelf11]

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.

[arwin100]

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.

[WatchMaker]

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.

[sapnu]

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.

[nicecrypto]

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.

[Genemind]

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.

[lixer]

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.

[XZERO1]

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.