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.

[Gozie51]

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.

Very true. Traders fear to lose out or miss out and that makes them jump in at inappropriate time. Emotion truly is important for a trader and it is very difficult to put together. Otherwise, a little patience will show you the direction of the market after the noise. Market intentionally creates noise for the weak emotions to run in thinking it is ready but before you understand that you were just impatient, you are already in lose. It is unfortunate but that is the tragic side to be a trader. So the point is to always exercise patience and that will reduce the number of time you will get into the market because the numbers of time you trade will also give you higher chances of losses as a daily trader or scalper.

[gracreavix]

I think we should all stop thinking that once we have controlled our emotions then it's a done deal. Nope. It is a continuous work. Always keeping in check your emotions always. Although, you will make a few mistakes here and there. But you won't allow that to weigh you down. You keep trying and pushing, striving to be better always. What will prove in a long run is experience. In as much as we try to stay on point, we should learn from our experiences. Nothing beats that.

[Egii Nna]

I think we should all stop thinking that once we have controlled our emotions then it's a done deal. Nope. It is a continuous work. Always keeping in check your emotions always. Although, you will make a few mistakes here and there. But you won't allow that to weigh you down. You keep trying and pushing, striving to be better always. What will prove in a long run is experience. In as much as we try to stay on point, we should learn from our experiences. Nothing beats that.

You are right controlling your emotions is not something you can achieve at once but a continuous process, and that doesn’t means you will will not lose, because some times you will definitely make some mistakes in general humans are meant to make mistakes, which is what will make them stronger over time. Trading is not as easy as it sounds, so don’t let loses discourage you because people become more experienced over time and by consistent effort you can achieve a better goal, but only if you learn from your past mistakes.

[DiMarxist]

Are you talking about trading or investing in crypto currency. The truth is that if you are referring to trading that is were most people lose it because trading is one thing that is quite different from investing, when it comes to trading it's actually difficult to controlling our emotions. In trading it all about a psychological warfare no matter the strategy that, we choose to use this is so because some times the market is just against us no matter how we have studied the market. The only place one can comfortably controls his emotions over time by reasons of been in the crypto market for a long time is investing. This is because we know that even if the market is in a dip, the price is definitely going to go up after a long while,this is the reason why we really needs to have a full control over our emotions when it comes to the crypto market.

[Y3shot]

Emotions may not be completely taken away in crypto, but they can be controlled by having a better understanding and investing or trading with the amount one can afford. Going into crypto blindly, with no understanding, will only cause significant losses, and in a situation like this, no matter how hard one tries to control emotions, it is always difficult; one must definitely go through the pain of loss. The market is very risky, and one must be prepared to understand it. When people decide to go into crypto based on their level of understanding, it really has a serious effect on their emotions.

In crypto, one must first understand the market, develop a good strategy, and be patient. Having a source of income and never relying on trading profits is essential, along with the habit of continuous learning. Invest or trade with the amount you can afford to lose. When any of these aspects is neglected, it can lead to continued losses, and emotions can become attached to it. It is also important to understand that the crypto market is about both loss and profit, and the market can't be predicted; therefore, there is no need for excessive expectations.

[Agbam]

What I have to say on this is that emotions plays a part, psychology plays a part, having and sticking to a good plan or strategy plans a part. Emotions cannot be dismissed or sidelined because money is involved but it can be controlled not just by following the rules or following a disciplined plan.

I think emotions are put under control by experiences. Experience they say is the best teacher and without having to go through something you may never know how to handle it, you may just have a theoretical knowledge but practical experience goes a long way to calm situations for a second time.

To feel safer or calmer invest or trade with money you can afford to lose, and while doing so try and make provisions for backup funds.

[Webutxo]

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.

I don't think you are saying what he is saying, emotions exist in anything that is financial, whether you are trading or you are regular buyer. The OP is giving the impression on emotion of investors, how the market is going to put your emotions to test, it's an experience that if you can over come, you will win very big and be rewarded for making good investment but it's not a guarantee for having success in anything you buy as crypto is concern.

My opinion here is that if you are going to make any investment on any coin, please prioritize top coins, avoid this coins with noise and frenziness that will not even last 2 months before they fall back to where they were pumped. There are many coins that are launched this year and I can tell you that they are not worth everything the devs promised investors, be guided and be wise.

[Solodoski]

The way we think is different. Among the majority of traders and investors, there are few capable of controlling their emotions and psychology correctly. Maybe we've seen how impossible it is to control emotions around people who know they are into trading. Thereby, it affects our perspective towards the idea that emotions can be controlled. In the midst of 100 bad eggs, there will be one good egg. For the sake of those good eggs, it proves that good still exists. Meaning, people can control emotions; the advice we see on the internet is genuinely practicable.

[CryptopreneurBrainboss]

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........

Our state of calmness during times of correction in the market shouldn't be only associated with staying positive but it should come from a place of actually knowing that you have no need to panic because you know how this will eventually play out. Your calmness should come from your experience with the market, Bitcoin rises and fall so whatever the market is experiencing is not a permanent state as it will definitely change from being bad to good. We can advise people but we can't force them to take our advice, people making a decision most times depends on their beliefs and not anything you tell them so whenever you want to give an advice don't assume that your advice will be taken literally as you give them but instead put yourself into the other person's shoes and try to give the advice in the understanding of their own knowledge and experience. The psychology of a retail investor is to make money quickly so bear in mind that that is likely what they want to do as you give them any advice.

[Grace333]

Words alone cannot change the way some people behave or think, they need to experience the market themselves before they can understand what you mean by not letting emotion take control. Most words are easier said than done because there is no way those words can give you the experience you get when holding during the bearish trend. Yet if a person after experiencing one or two bear season experience the 3rd one, they are likely going to do better than someone who has only heard "hold for long term, including the bear season"
By default our emotions will kick up when we are losing money but the only way to still make the right decision when emotions kicks up is by having a strong psychology from experience.

[Cryptomultiplier]

Words alone cannot change the way some people behave or think, they need to experience the market themselves before they can understand what you mean by not letting emotion take control. Most words are easier said than done because there is no way those words can give you the experience you get when holding during the bearish trend. Yet if a person after experiencing one or two bear season experience the 3rd one, they are likely going to do better than someone who has only heard "hold for long term, including the bear season"
By default our emotions will kick up when we are losing money but the only way to still make the right decision when emotions kicks up is by having a strong psychology from experience.

The phrase,'its easier said than done,' about sums up the emotional and psychological state one experiences under financial duress in the market, mostly as it is your money on the line.

Even professional traders still feel the emotions and go through the psychological tumoil, but what makes them unflinching is because they already know that's how it is and they have built systems around themselves to manage the risk, to automate their orders and to handle impending losses.

[I_Anime]

Best way to master trading and to remain Safe in this space , is by working on your psychology. Many have the wrong mindset concerning the crypto world, that’s why they usually approach it wrongly and later regretting it , one step  is having the zeal of wanting to learn , even from others experience and yours too . And also develop the zeal of doing your own research which will definitely help you in a long run.

There where times I thought becoming profitable I trading was hard , but the truth is that is not as difficult we paint it to be yes it can be complex sometime but when you open your mind for learning it will become clearer to you . So take your time build your psychology and build yourself to be ready for any opportunity.