Rollercoaster of Emotion: Dealing in Bitcoin and CryptocurrencysteemCreated with Sketch.

in #bitcoin7 years ago (edited)

What emotions have people felt on their endeavors to trade in Bitcoin and altcoins?

If you are a whale now or on your way to becoming one, you have probably encountered these stages in your trading efforts…

Well… Guess I’ll grab a few of these altcoins and see what happens….


We call this the loading phase

‘Crap… nobody knows about this thing… better call Ralph!’

You can call this the ‘first mover’ phase

The news just ran a few articles… Look at that here come the whales!

Excitement has set in as the people who just read the paper take positions

The ticker shoots to the moon

Panic sets in as what goes up must come down… At least a little bit right?

Ralph just dumped his altcoins and you decide its time to follow suit…

The masses are in a frenzy to get rid of their shares before the thing hits rock bottom!

All that other stuff doesn’t matter, you’re up 10,000%


Final Thoughts

Trading altcoins can be an emotional rollercoaster. Use your gut and these feelings to your advantage and make rational decisions and I’m sure you’ll do quite well. Steemit is a great community to explore this and many other topics.

Please leave your comments below and let me know if this made you laugh!

Follow me @ldauch

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Hahaha yeah, just have to learn to trust your gut and sometimes HODL, turn off your phone and go for a LONG walk. :P

haha! easy to say it and so hard to do it... how many people dumped bitcoin before it hit the 3000$ mark??

Followed. Follow back :)

Followed! Hope you enjoyed the rollercoaster!

Great post ldauch 😎. Please Check out some of my Cryptocurrency recommendations!
https://steemit.com/steem/@crypto-expo/cryptocurrency-altcoins-top-20-to-invest-in-2017

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