Steemit Crypto Academy Contest Season 11 Week 01 - The Cycle of Market Emotions
Hello everyone! I hope you are all doing well and enjoying life with the blessings of Allah Almighty. I am happy to take part in the exciting challenge hosted by SteemitCryptoAcademy community' Contest [EN/ES] Steemit Crypto Academy Contest Season 11 Week 01 - The Cycle of Market Emotions / Steemit Crypto Academy Contest Temporada 11 Semana 01 - " El ciclo de las emociones del mercado" So, without any further delay, let's dive right in!
PUMP and DUMP is a term used in the world of crypto , where certain individuals or groups of people try to manipulate the prices of their assets, like cryptocurrencies, for their benefit.
![stock-market-6693060_1280 (2).jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmdhE6n3RSnhS7tryGkRLGm1gVJt3Pq1k7HgWyShqG75YG/stock-market-6693060_1280%20(2).jpg)
PUMP refers to artificially boosting the price of an particular asset by spreading positive news and luring others to buy, causing a sudden price increase. DUMP, on the other hand, involves selling off the asset at the the vary peak to profit , leaving others with losses.
For instance, with the example of Steem currency, if some people or group may inflate its value, tricking others into buying high, only to sell their own asset when the price reaches its top and peak, resulting in significant losses for those who were tricked into buying late.
In the world of Steemit, there are these four terms I often hear and not only her but on social medias for cryptocurreny , especially when it comes to the steem currency. "Going to the moon" means when the price of steem shoots up to incredible top heights, almost like it iis flying off to the moon! For me, personally, I would consider it "steem to the moon" when its price reaches $2 💪. It's like reaching a major milestone and celebrating the success of the steem currency's value soaring high!
It's like a dream come true, as it signifies a significant increase in crypto currency value, making it a good time for people to sell and make profits.
HODL is a term used in the cryptocurrency world, and it simply means holding onto your digital currency likewise crypto instead of selling them quickly. People use this strategy to wait for the value of their cryptocurrency to increase over time, just like a long-position investment. It is like having faith in the future potential of your asset and not getting influenced by short-term market fluctuations.
However, it is important to do thorough proper research and be patient while HODLing, as the cryptocurrency market can be volatile & unpredictable.
REKT is a term used in cryptocurrency to describe a situation where somebody suffers by significant losses due to a sharp decline in the value of their digital assets. It is like experiencing a big financial loss because the value of the that particular currency they own drops dramatically. This can happen in the fast-paced & volatile cryptocurrency market, where prices can change rapidly.
When someone says they got "REKT," it means with this that they faced a tough blow to their investment, and it is a reminder of the risks involved in trading cryptocurrencies.
In the world of cryptocurrency, a "bagholder" is a individuals who holds onto their crypto currency even when their value drops significantly. They might have bought the coins at a higher price & are now waiting, hoping for the prices to rise again.
Bagholders can be optimistic about the future of their investment and they think their asset safe, but they need to be prepared for potential losses if the prices do not recover as expected. It's like carrying a bag of currency , waiting for the right moment to sell & make profits, but it can be risky if the market goes against their expectations.
Cryptosis is a term used in crypto currency world to describe the intense fascination and obsession some people have with cryptocurrencies. It is like a fever that takes over their minds, making them think and talk about digital currency all the time. They constantly check the prices and analyze , discuss market trends, and eagerly follow every cryptocurrency news. Cryptosis can be both exciting and overwhelming for those who catch the crypto bug, as they dive deep into the world of this virtual currencies, exploring the potential and possibilities they offer.
It is like being in a never-ending adventure, where each day brings new insights & discoveries, fueling their passion for everything related to cryptocurrencies.
ICO stands for Initial Coin Offering. It is like a crowdfunding campaign in the cryptocurrency world. Companies or projects offer new digital currency to the public to raise funds for their development. People who believe in the project buy these coins, they strongly hoping their value will increase in the future.
It is a way for individuals to be a part of exciting new ventures & potentially earn profits as the projects grow. For example in pakistan Waqar Zaka most successful crypto influencer start project tenup , currently its price in PKR is 8.85 for 1 tenup .
Let's talk about FOMO |
---|
FOMO, which stands for "Fear of Missing Out," is a common feeling many of us experience in various aspects of life, and more commonly including the world of cryptocurrencies. It is that anxious feeling you get when you see others making exciting profit or taking part in something interesting, & you fear you might miss out on the same opportunities.
It is important to remember that FOMO can lead to impulsive decisions, so it is really important to stay calm, do your appropriate research, & make informed choices when it comes to investing in cryptocurrencies. Instead of acting hastily based on FOMO, take your time to evaluate and make sure your decisions align with your long-term financial goals because after every peak down is guaranted . Remember, the cryptocurrency market is highly volatile we all know this fact , and it is more important to invest wisely rather than solely driven by fear of missing out.
What is the cause of FOMO and how can we prevent it? |
---|
The cause of FOMO (Fear of Missing Out) is a mixing of human emotions and social influences. It often arises when people see others individuals participating in exciting or profitable activities and fear they might miss out on those profitable opportunities. The fear intensifies when there is a sense of urgency or time pressure, like in fast-moving markets direction , where prices can change rapidly.
To prevent FOMO in the world of cryptocurrency or any other investment or financial place , there are a few strategies to consider:
1) ; Stay Informed: Keep yourself updated with reliable sources of information about the market situation and specific cryptocurrencies. Being well-informed will help you make rational decisions based actual on facts, rather than reacting emotionally to others' actions.
2) ; Have a Plan: Before investing, set clear investment goals & strategies. Determine the amount you are willing to invest and the level of risk you can handle and proper formula for loss and profit . Stick to your set plan, even if you see others making quick gains.
3) ; Avoid Impulsive Decisions: Do not let emotions drive your finance investment choices. Take your time to think through your decisions, & avoid making hasty moves based on the fear of missing out.
4) ; Focus on Long-Term: Instead of chasing quick profits, consider a long-term investment approach. Cryptocurrency markets can be highly volatile market , but holding onto solid projects for the position run can be more rewarding.
5 ; Diversify Your Portfolio: Spreading your investments in multiple currency can help reduce the impact of sudden price swings in a single cryptocurrency.
![Purple Modern 3D Crypto Market Review Youtube Thumbnail.jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmewcsBK8n5m2QNftJgNCyvW544w6bQhoPXUddzAdAg1ou/Purple%20Modern%203D%20Crypto%20Market%20Review%20Youtube%20Thumbnail.jpg)
What is FUD ? |
---|
FUD stands for "Fear, Uncertainty, and Doubt." It is a term mainly used in the cryptocurrency and investment communities. FUD refers to the spreading of negative or misleading information about a one particular coin or investment to create fear and doubt among investors.
The intention behind FUD is to discourage people from investing or to cause panic selling just for purpose of self benefits , leading to a drop in the asset's value. It is really important to be cautious & verify information before making any investment decisions, so you do not fall victim to FUD & make choices based on facts & solid analysis.
Competitive Agenda: Rival companies or projects might spread FUD info about a particular cryptocurrency to undermine its reputation and boost their own interests.
Market Manipulation: Some individuals or group of people with large holdings of a cryptocurrency may spread FUD to create panic selling and drive the price down, allowing them to buy more at a lower cost.
Lack of Information: In the absence of accurate and reliable information, fear and uncertainty can create in market , leading to the spread of FUD.
To prevent falling for FUD, consider the following strategies: |
---|
Research Thoroughly: Always research from any decision multiple trustworthy sources before believing any negative claims about a cryptocurrency.
Verify Information: Do not act on rumors or unverified news and note it that it is very common in crypto world . Verify information from credible sources before making any investment decisions.
Stay Calm and Rational: Do not let emotions dictate your actions. Stay calm, think logically, & avoid making impulsive decisions based on fear or uncertainty.
Choose any crypto asset of your choice and through screenshots explain in which phase of the cycle FOMO and FUD occur. |
---|
Identifying FOMO and FUD concept in cryptocurrency doesn't have to be complicated. With a basic understanding of candlestick charts and some how knowledge about crypto, anyone can analyze it . I came across a post here one user posted to this contest . I am going to understand this concept through TetherUS and found FOMO starting at 30,400 and ending at 31,800, followed by FUD, which brought the price down to 29,200, resulting in a significant loss of 1,200 .
![]() |
---|
When observing a cryptocurrency's price chart, you can see FOMO happening when the price rises rapidly due to excitement and people buying in fear of missing out on potential of big profits. On the other hand, FUD occurs when negative news or uncertainty causes panic selling , leading to a drop in the price. Understanding these phases can help you make more informed decisions & avoid getting caught up in emotional market swings.
To analyze FOMO and FUD, use tools like TradingView, which provide clear visuals of price measurement and its movements. Remember, it is essential to stay level-headed, do thorough research, and omce again i am repeating not let emotions drive your investment choices.
With Best Regards
@artist1111
Goodbye, friends. It's been a pleasure getting to know you all participating in this community. I will miss interacting with all of you, but it is time for me to move on. Take care & I hope to see you all again very soon , Best of Luck .
As the sun sets on the day
And the night falls softly in
We close this chapter, dear reader
But the story's not yet done
Tomorrow's pages wait, unwritten
INTRODUCTION
As the sun sets on the day
And the night falls softly in
We close this chapter, dear reader
But the story's not yet done
Tomorrow's pages wait, unwritten
INTRODUCTION
Greetings 🤠
Brother I have just read your publication about the cycle of market emotions and you have told us briefly about them such as REKT, fomo FUD and HODL etc. Your publication is very well presented and it seems that you have do a through research before writing that article. I really enjoyed reading your publication and got a lot of knowledge and information from it. Thanks a lot of Sharing your knowledge with us ☺️
Success to you 🤗
Hello friend, greetings to you. Hope you are doing well and good.
It's really nice to see your entry here. Thanks for inviting me, but I have already done it. You have beautifully explained all these slangs. Doing crypto trading one must have to control his emotions. Proper Research matter alot.
Best wishes for the contest.
Te felicito por la información tan completa haciendo notar tus conocimientos en el ciclo de emociones del mercado. En principio desconocía muchos términos y ahora puedo entender y comprender un poco más de la dinámica de los emociones y su efecto en el FOMO y FUD.
Definitivamente las emociones no llenan tu cartera sino las razones y el análisis. Frente al FOMO y FUD, cautela, calma y razonamiento.
Saludos y éxitos.
¡Congratulations!
This post has been supported through the account Steemcurator06. for containing good quality content.
Thank you @suboohi for this surprising support 🥰.
Assalamu alaikum bhai! Aapane is post ko bahut acche andaaz mein pesh kiya hai aur Main is per aapko Dil ki gahraiyon se dad dete Hain. Aapane tamam crypto slogans ko bahut acche andaaz mein bayan Kiya hai Iike FOMO , FUD , HODL etc.
Overall mjy apki ghost ki bahut acchi samajh I hai main aapki har baat se itefaq Karti hun or kisi bat say disagree nahi krti ....Mjy Puri umeed Hy k agli bar ap ic say bhi acha participate krain gay may apko bht sari duaoon k Sath ALLAH HAFIZ kehti Hun
Thank you for sharing your insights on the cycle of market emotions and explaining terms like FOMO, FUD, HODL, and others. It's important to be aware of these emotions in the cryptocurrency world and make informed decisions. Good luck in your future endeavors!