Don’t try to catch the exact bottom.
September 12th Tweet This. Trading or investing in cryptocurrency is a psychological war against yourself. Stock traders often say that investing in traditional markets requires extreme mental discipline. That discipline is how they control themselves when the market is volatile. How they stop from making stupid decisions, and keep on track with their strategy. If traditional trading requires extreme discipline, crypto requires the mental fortitude of Jedi.
The crypto market is more volatile than any market the world has ever seen. You need to be the emotional equal to Yoda meditating on top of a mountain during a meteor shower. I started off as a investor but fell deeper down the rabbit hole.
I work with an accelerator helping token sales , and recently joined the team of a project I fell in love with. I like to think this gives me a comprehensive understanding of fundamentals at play.
What this understanding of the players involved in this market has given me is.. Well, the knowledge that this market is almost completely sentiment driven. Crypto has more retail investors than any other market. The charts are pretty similar, it would seem, The more people that google Bitcoin, the higher the price goes. The Search Volume graph seems more smooth because less data points were used to plot the graph.
When a market is sentiment driven, price movement is driven by emotion. To come out on top in a market driven by emotion, you have to remove emotion from your trading. When the market gets bloody, you might even be wondering if Bitcoin will ever go back up again. This is for everyone else, the retail investors that make up the majority of this market. Two more weeks pass. He offers you advice, knowing that your coin is still in the gutter. You stare out your window, not at the beautiful LA skyline, but at the street below.
Sure, I spent a lot of time actually studying and applying what I learned to my trading, but I also spent a lot of time aimlessly staring at a computer screen for hours on end. I learned that the majority of my mistakes where made in moments like those.
It made me more emotional, and it made me overtrade. Two things I now know to avoid at all cost. Sometimes the best thing you can do, is set a limit-order, and walk away.
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Bitcoin is a peer-to-peer digital currency that can be safely and instantly sent to any person in the world. This currency is like electronic money , which you can share with friends or use to pay for your purchases. Bitcoin is a currency unit of Bitcoin system. Physical bitcoins also exist, but, generally, bitcoin is just a number connected to the address. Physical bitcoins are just objects like coins with inbuilt number. The main article: Satoshi Nakamoto. Satoshi Nakamoto is the name used by the unknown person or persons who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation. As part of the implementation, they also devised the first blockchain database. In the process they were the first to solve the double-spending problem for digital currency using a peer-to-peer network. They were active in the development of bitcoin up until December
Don’t sell your coins for ones that are going up.
Federal Reserve, sensitive to the potential that it was a Ponzi scheme or otherwise fraudulent, banned Chinese financial institutions from handling Bitcoin directly in December of The shape of the Bitcoin price graph is very similar to the last PBOC intervention, but the fundamentals are very different this time. I made time to talk to major exchanges in the U. I asked the same questions of all four: What caused the price growth over the last eighteen months?
What caused the recent price spike and following volatility? Do you think the price is stable where it is now? How has it affected your company? Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
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