The Reality of Crypto Advice , Psychology and emotions.....

[Donk1]

​During my time in the crypto space I have noticed some words that are easier said than done, and most times I hear folks saying them and I would be like, Wow. So this brings me to my question ,Do you think emotions can be easily controlled as a crypto enthusiast? Because to me it can’t, no matter how hard we try.​Folks often say You learn from your losses as a trader and try again This is true, but I want to ask every trader here a real question which is beyond the goal of making profits and the reality of the risk involved, does the fact that you must eventually lose to the market not often make you hesitant even a little bit.even when you are using a good strategie? Best to say we talk so much about having knowledge, good strategies, and deep technical analysis, but we always forget to add the most important factor our emotions which play let me say, a 50% role in every decision we make in crypto. And not adding that 50% emotion experience when making an opinion is what makes simple advice so difficult to actually follow. Check out this image as it proves my logic:

Link: https://x.com/i/status/2078431979138134307
​The events we face in the crypto world are way more hectic than the advice we give ,and I think that's what makes newbies think it's easy or that cryptocurrency is easy money. Don't get me wrong all I am saying is that we should often state the details and experience when advising someone. Many don't get how it works and blame those who they took advice from.

​It all comes down to a simple logic which is psychological. Even we crypto enthusiasts can't be true to ourselves sometimes, all because we have to maintain a disciplined mind.it is important to remember that emotions can be either positive or negative, depending entirely on your mindset.and the truth is that we still face emotional issues in times of market volatility, but our choice of staying calm comes down to the psychology of staying positive. Still this doesn't apply to those whom we advise so overall, we should be more open when giving advice or sharing opinions on crypto related activities, both in and out of this forum. That’s all for me folks........

[Donneski]

To an extent, I agree with your point op, however, emotions usually play strong roles only when an investor does not have clear plan.

When an investor adopts a strategy and makes a plan based on their risk level, panicking because of the short-term movements of the market is unlikely but you can't say same for someone who's because os hype.

I'm not tryna play down the importance of having the right psychology but preparation also plays a big role in controlling an investor's emotion.

[SPIDERMAN008]

To an extent, I agree with your point op, however, emotions usually play strong roles only when an investor does not have clear plan.

When an investor adopts a strategy and makes a plan based on their risk level, panicking because of the short-term movements of the market is unlikely but you can't say same for someone who's because os hype.

I'm not tryna play down the importance of having the right psychology but preparation also plays a big role in controlling an investor's emotion.

Controlling emotions is important in any investment. However, it has a greater impact when investing in crypto. Because the crypto market is very volatile. But even then, by investing in the right crypto and doing proper financial management, in many cases you can control your emotions when the market price is falling. However, an investor should start by having the right idea of ​​which crypto he is investing in. In this case, investing in bitcoin is safer if it is intended to be held for a long time. Apart from this, if someone wants to trade in other strong cryptos by understanding the market for a short time, then there is no problem, but crypto trading should be done with a fund that, even loss, will not have a big impact on your financial condition.

[AVE5]

​ So this brings me to my question ,Do you think emotions can be easily controlled as a crypto enthusiast? Because to me it can’t, no matter how hard we try.

As for beginners who didn't pay attentions to admit the risks involved in volatility and how the future is provably uncertain but were all focused on the positive news about others being rich, they'll always find it difficult to control their emotions because their ignorant will always take them on surprise and when the market price is declining, it manipulates their emotions.
During market rising they get carried away.
Fomo is majorly on the sight of those who haven't literally accepted on their own that bitcoin price fluctuates where it can fall massively and recovers massively too.
However, I don't see the state of enthusiast controlling their emotions being difficult in as much you've decided to take the risk.

[Youngrebel]

To an extent, I agree with your point op, however, emotions usually play strong roles only when an investor does not have clear plan.

When an investor adopts a strategy and makes a plan based on their risk level, panicking because of the short-term movements of the market is unlikely but you can't say same for someone who's because os hype.

I'm not tryna play down the importance of having the right psychology but preparation also plays a big role in controlling an investor's emotion.

Good point but you must know that no matter how prepared you are as a trader be it in terms of knowledge or execution of that trade there is a chance that the market would take you by surprise, this is where emotional control comes in. As a trader that's not a beginner there are no ways that emotions would be of help to you, in the long run having emotions control your decisions would affect the results that you get from trading. Having the right psychology is as crucial as having a good strategy that you follow as a trader.

[Makus]

To an extent, I agree with your point op, however, emotions usually play strong roles only when an investor does not have clear plan.

When an investor adopts a strategy and makes a plan based on their risk level, panicking because of the short-term movements of the market is unlikely but you can't say same for someone who's because os hype.

I'm not tryna play down the importance of having the right psychology but preparation also plays a big role in controlling an investor's emotion.

Controlling emotions is important in any investment. However, it has a greater impact when investing in crypto. Because the crypto market is very volatile. But even then, by investing in the right crypto and doing proper financial management, in many cases you can control your emotions when the market price is falling. However, an investor should start by having the right idea of ​​which crypto he is investing in. In this case, investing in bitcoin is safer if it is intended to be held for a long time. Apart from this, if someone wants to trade in other strong cryptos by understanding the market for a short time, then there is no problem, but crypto trading should be done with a fund that, even loss, will not have a big impact on your financial condition.

you have made a good point, having the right idea is the first step to take as an investor, having knowledge is important but even if you are knowledgeable about the market it is important to also learn or practice emotional control as well, this is why is said that psychological aspect of trading is one of the most fundamental aspects of trading to learn about, this is what puts you in check over your emotions. Understanding and risk management are both important in crypto investment and in crypto trading as well.

[Barikui1]

To an extent, I agree with your point op, however, emotions usually play strong roles only when an investor does not have clear plan.

When an investor adopts a strategy and makes a plan based on their risk level, panicking because of the short-term movements of the market is unlikely but you can't say same for someone who's because os hype.

I'm not tryna play down the importance of having the right psychology but preparation also plays a big role in controlling an investor's emotion.

No, i disagree with your sentiment here bro.
Having a clear plan or strategy has no business with your emotions while trading because that will not kill your emotion like fear and greed. The best way to kill your emotions while trading or investing is to trade with an amount you can afford to lose, that way you will  trade without fear, because you know that even though the worst happens, you wouldn't be that affect financially..
 I am not saying that planning or having a good trading strategy is wrong, no. What am trying to say is that it has no business taming your emotions while trading or investing, but the best way to do that is by investing with what you can afford to lose.

[Godwill888]

When you don't have rules. Your brain difficult to fear and whatever you saw on thread orTwitter in 10 minutes ago.no plan you make a decision the moment. and in that moment is the worst time to decide. So your brain assume the worst. yous sell the bottom because you are scared. The worst part is you don even know your target, when to  take profit. So you keep chasing. You buy at the top because you are scared of missing out. To be honest emotion play a huge role, when investor doesn't have a psychology.