the thinking cycle of trading emotions

in #cryptocurrency7 years ago

this applies to any position that you buy into and/or sell out of - whether thats stocks, bonds, cyrptocurrencies, etc.

It is so extremely accurate that it's hilarious.

Trading-Emotions.jpg

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I think we are between 7 and 8.

I agree. That's why I'm buying Steem and powering up at every dip to lower my dollar cost average. In case we are both wrong and we are already between 10-13 (very unlikely) at least I've gotten some Steems under $1. I believe in this platform and I'm taking a LONG TERM position. I'm also buying EOS on the dips. It will be interesting to read the doom-and-gloom propaganda the media will be putting out if/when the crypto currency market cap hits $50 billion. I've commented on similar posts about this subject. August 1 bitcoin hard fork is coming which is when I believe we would be at stage 12-14 unless I'm wrong and the market is already taking into account the August 1 factor.

We had the short term dump then the good news pump. The fork is not out of the woods yet but if bitcoin wanrs to dominate it cant fork.

Effing nailed it! This is awesome and thanks for sharing. I'm going to resteem this once for sure. I'm of the opinion now that everything is a bargain in the crypto world with a lot of good up and comers. Anyway, have a look at my blog @seanengman, I would love to get your feedback on some of my articles.

Cheers,

Sean

Thanks, Sean. I'm following you, now. I'll take a look at some of your posts!

Awesome, maybe between the two of us we can drop some dank knowledge! I'm finding that writing on crypto is my strength. But I like to change it up from time to time just to keep it interesting.

cool man, looking forward to reading your posts. thanks for the resteems.

nice one! thanks

Awesome! Upvote for finding this/visibility :)

thank you!!

Lol...spot on! Thanks for the chuckle.

thanks! exactly what i thought, too

My goal is to suffer this fate as few times as possible

Where are we now though? I'm sure there are some people who bought so low that even when/if this thing gets beaten down, they will still be way ahead.

Nice post. As I like to say, Just do the reverse of the crowd on good quality assets and make a fortune over the long term. Buy when they sell and sell when the crowd is buying. Right now is a screaming buy ;-)

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