Mini Crypto Program Part 2 ||" How Psychology Influences Market Cycles" , by @badmus-official || 10% of the payout to @steem.education

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Hello everyone, welcome to the part 2 ofmini crypto program. A job well-done to @liasteem for bring up this topic and organizing this program so as to warm us up for the academy.

Without further ado I will be diving into the questions below in the following order ;

Visit the website CoinMarket , and explain what FOMO is!

Explain what is FUD?

Explain where FOMO occur! (Need screenshots)

Explain where FUD occur! (Need screenshots)

Choose the 2 cryptocurrencies you want, then use the graph of the 2 cryptocurrencies to explain where FOMO and FUD occur! (Need screenshots)

Now to the question

Visit the website CoinMarket , and explain what FOMO is?

FOMO is an acronym that stands for Fear of Missing out which is a term that is utilized to communicate the tension you could feel if you don't act immediately when settling on exchanging choices. The thought behind it is that any postponement could make you pass up an expected chance.

For instance, you may get FOMO when you see a coin that you don't claim, expanding in appreciation. That green line ticking upwards is sufficient to start alarm in a few, making them competition to purchase whichever coin is by all accounts taking off in cost. The fear of missing that next enormous win, the coin everybody needs (except can't have), or being the dealer abandoned, can be the main motivation in value varieties.

Exchanging digital currency can likewise be a round of tales and feelings, and FOMO can assume a key part when traders choose what to, purchase, sell, or clutch. FOMO can even lead some to switch markets or haul their resources out of a specific market altogether, setting them into their cool wallets.

While the accentuation on FOMO is all the more regularly positioned on the dread of passing up a benefit driving coin, the inverse can likewise be valid.

At the point when coins flood to an unequaled high, traders may likewise need to trade out while it's hot, driving others to take action accordingly. Holding out implies you may sell when the cost is falling once more, so you would have passed up the large benefits of a value top. In the realm of crypto, anything can occur.

Explain what is FUD?

FUD abbreviating Fear, uncertainty, and doubt Is a promulgation strategy utilized in deals, showcasing, and advertising.

FUD is for the most part a procedure to impact insight by spreading negative and questionable or bogus data and an appearance of the attraction.

In a sense that in the crypto world__FUD__ is a market emotional phase used in the crypto community to portray the doubt of cryptocurrency that is briefly negative for the inescapable crypto market. Many crypto lovers will utilize this term to portray whatever goes against bitcoin or crypto.

FUD in cryptocurrency is a brain research stunt used to spread uncertainty and dread which would make that specific coin drop in cost.

Explain where FOMO occurs! (Need screenshots)

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Just as seen in the marked surface in the image above FOMO started occuring when the green line keep moving up i.e the value of the particular coin keep on rising which gives a great fear of missing out to other investors that have not participate in investing in the particular coin yet.

Explain where FUD occur! (Need screenshots)

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just as seen in the image,FUD started occuring when the value of the particular coin started dropping ,bring fear of uncertain doubt to investor or traders where they are stuck in between whether to sell out or still continue holding on to their coin.

Choose the 2 cryptocurrencies you want, then use the graph of the 2 cryptocurrencies to explain where FOMO and FUD occur! (Need screenshots)

In this particular question I will be making use of BTC/USDT and SBD/USDT to explain the FOMO and FUD phase of the market cycle.

Let's begin with BTC/USD first.

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just as seen in the image above that the Bitcoin FOMO started occuring first late july which lasted till early august 2021which then the FUD occur afterward. This can literally lots of fear on traders as the FUD keep on occuring till just few days in august ,before it now skyrocket again so it might just be wise to say its best to be patient as to when to sell out or hold when dealing with the biggest crypto coin.

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The other cryptocurrency chart i will be dealing with is our own coin (Steem Dollars) in comparing to USD as seen in the image below SteemDollar/Tether

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Unlike Bitcoin, SBD market is more stable as its price in changes frquently occur but doesn't rise and drop drastically like other cryptos.judging by the image above it shows that SBD skyrocket somewhere around early may which lasted for few days before the FUD occurs afterwhile .

Conclusions

With regards, its been know that FOMO and FUD are emotional phases in trading cycle ,which has to be monitor with great effect because as a newbie one can have the fear of whether to buy or sell ,but with carefulness one can make better decision by studying the FOMO or FUD of the market well enough so as not to partake loss in there trade.

Big Credit to @liasteem and organizers for bring awareness of new users to topics like this and creating a massive opportunity for newbies to able to learn and embrace us for the academy session.Thank You!!

I invite @swaylee , @usmanismail882 and @starchris to participate in this program