Crypto Market and Emotion || 10% payout to tron-fan-club
Hello friends,trust you're keeping well. Welcome to my blog once again. I trust you've been learning a lot from my blog. Today i will like to share with us a topic we all can practically relate to. It about crypto Market and Emotion.
We all have been observing the trend of things lately how that the market keeps going down by the day. No doubt,the bears are ravaging the market leaving it bleeding profusely. As we speak right now many trader don't know how to handle the way they feel. Many are caught in the web of emotional dilemma,not knowing what action to take.
Some have already taken action that they are regretting as we speak and that might be as a result of the limited knowledge they have about crypto and trends.
Everyone is obviously in this mess as we speak but the question now is how are we handling the situation.Just recently I opened my wallet on binance and went through the BTC/BUSD chart after checking my asset that has practically reduced so much in value and here is what the chart revealed.
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It was really a horrible sight for me to behold but then I was able to subject my emotion an put it under check at least to the best of my ability. I won't tell you the decision i took though because it doesn't really matter as am not here to give financial advice but I'll say am a victim of once bitten twice shy so I know better😀.
People have reacted to this situation differently, many sold off out of FEAR of loosing all while some other are still HODL hoping for brighter days. Well i wouldn't come here to condemn any of this act but the truth is that time reveals the one who made the right choice and experience will always inform your choice when next you are faced with similar situation.
On the other hand some other reaction about this period was to buy more,buying the dip has been talk of the town even as many coins keep going dipper. Well this to me is a very wise and profitable decision if you have enough to invest in this period but this not a financial advice.
Let's not forget the law of gravity, whatever goes up comes down,we all enjoyed the season the bulls controlled the market,now the bear are in control, but it's not gonna last forever,that which went down can still go up again. This is crypto for us all.
Whatever choice you make will give you an opportunity to learn and know better. As a newbie in the game,do not feel bad especially if you think you made a wrong choice out of emotional instability. You've now learn how to do things better and if you're out there HODL,I congratulate you and share in your pain in a season such as this. Brighter day are ahead,keep holding on.
Best Regards:
@lhorgic♥️
Currently the cryptocurrency situation is very bad but hopefully it will change very soon.
Great concept of your post.thank you for sharing
Thank you friend. You're welcome.
Your most wellcome
Pretty interesting writeup. About how our emotions impacts the way we trade.
I don't understand your comment. Am not sure you went through what was written. Please do take your time to go through peoples content and drop meaning comment.
Thank you for sharing the graph with us all, hopefully the graph will skyrocket again.
Thank you for your comment. I really appreciate.
Iam so sad. Inshallah bit coin will cross 40k again.
Yes o o I can't wait to see it come up again.
Should be realistic rather emotional. Thanks for sharing the topic on the day of bear market.
Thanks for your appreciable comment.
There's a lot of emotions when it comes to cryptocurrency trading and investments because it involves real money and no one would want to loss his or her capital or miss out in a possible doubling of it.
But in all, we still have to control our emotions in other for us to be successful.
He gave us a very good idea about the crypto market and his own emotions. I learned a lot from that. You have beautifully described everything. Good luck to you.
Thanks for your warm comment and from dropping by.
You have fluently explained Crypto Market and Emotion in a nice collaboration. This is a very important subject for Crypto Traders. We should not sell our assets during a downtrend. That is the best zone for accumulating assets. Then, we can sell those assets in a downtrend. But, most Emotional Traders are doing the opposite of that. That is the biggest reason for the biggest volatility of this Crypto Market.