RE: Steemit Crypto Academy Contest / S11W01 - The Cycle of Market Emotions
Great post, Viraj! You've provided a comprehensive explanation of various crypto-related terms and concepts, including PUMP and DUMP, going to the Moon, HODL, REKT, BAG HOLDER, CRYPTOSIS, and ICO. Your insights on FOMO and its occurrence during overbought market stages are spot on. Diversifying crypto portfolios, conducting thorough research (DYOR), and thinking rationally are excellent strategies to deal with FOMO. Additionally, your explanation of FUD and its sources, such as rumors and government control, is informative. Fact-checking, staying informed, keeping emotions in check, and trusting instincts are effective ways to prevent FUD from influencing decisions. Your analysis of BTC's FOMO and FUD phases using indicators and real market scenarios is impressive. Overall, your post provides valuable lessons for traders and investors. Well done!
Thank you for noticing the real market scenarios @faridi1, had to dig deep to find them and give conclusive evidence to prove them. Hope everyone can learn few tricks for their knowledge if they never heard of these concepts.
Great work, @virajherath ! Your research and evidence provided valuable insights. Sharing knowledge benefits everyone in the community. Keep it up! 👍
Thanks, hope everyone will get some knowledge out of it! 👍
Welcome 😁