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RE: Bitcoin (BTC) Morning Update: ALL TIME NEW HIGHS!! Still Phasic with Bitcoin Cash (BCH)? Find out in this Analysis!

in #bitcoin7 years ago (edited)

The number one mistake I see by new crypto traders is selling early on a dip....especially if they didn't listen to the advice to ladder into and out of a position. Sure enough, one day, two days, hell sometimes 10 minutes after you've moved your money trying to hit the next potential jackpot, paying fees both ways, What you got worried about and quit on gets to a pressure point and shoots up 180% in one morning....but you ended up selling both at losses in the end.

Thanks for telling that, it's great for new readers to hear where others had missteps in the hopes of avoiding it the easier way rather than the hard way.

Patience, and truly realizing there is ALWAYS A WHOLE LOT MORE TO LEARN. The basics are very helpful, but understanding the nuance of patterns and trend changes takes time, and study, and experience. There is so much information in ALL the videos (I know that's too much for some people...that's kind of the whole problem essentially), and it gets explained in many ways, and hammered in over and over.


The Bigger You Build the Fire,
The More Darkness You Reveal


There's True Patience, and battling That is the Need of quick or even instant gratification, that We have come to expect...aka Greed...combined with uncertainty due to lack of experience and repetition.....bring in Fear.
Patience to watch and not always make moves, unless you understand exactly why you can be confident in that position. Patience to read extremely long replies like this one, that I bet most people stopped reading by now. That kind of patience. Because if you have that kind of patience, well, then before you know it

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Thanks for the post scarlet7...love your contributions as well...cheers

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