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

[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.