In investing, fear is a common emotion, and it often occurs when we have incurred too many losses. When feeling fear, we tend to be hesitant to enter trades or only feel comfortable setting low profit targets.
Many investors might think that "it's better to take a small profit than to incur further losses," but this mindset is not always correct. While taking profits early can help us avoid losses, if done too frequently, we will not be able to achieve sustainable returns in the long term.
It is important to learn how to control emotions, especially fear, in order to make rational investment decisions and achieve long-term profits. #BtcNewHolder #Crypto_Jobs🎯
$ETH One of the common emotions that everyone has when investing is greed. So what is greed in trading and investing?
$SOL Greed is when we want to make more and faster profits. However, this emotion can lead to wrong actions, such as:
Investing too much: When we want big profits, we can decide to invest with a large volume, hoping that the profits will also increase. However, if the price goes against the prediction, the loss will be even greater.
Excessive expectations: Greed also makes us set profit targets that are too high. This can lead to, instead of making a profit, we have to suffer a loss.
Emotion of hope: When greed is combined with hope, we tend to perceive that the price will always move in our favor. However, this is not always the case, and if we do not control our emotions, the risk will increase.
In short, greed can blind us, leading to unwise and high-risk decisions. It is important to know how to control our emotions and make reasonable investment decisions.
Human beings often tend to fear making mistakes, fear the feeling of pain from losing money, and usually prefer to follow the crowd.
The mistake here is always thinking that the crowd is always right, which leads to buying at high prices and selling at low prices; this is called the bookmaker's principle that has been pre-calculated.
What we should do is buy at low prices and sell at high prices.
Therefore, going against the crowd is the formula for success.
No matter what, before managing your emotions, what you need to prioritize is managing risk, by only entering trades at a level that does not affect your own thoughts and feelings.
Simply put, winning is fun, losing is not a big deal either.
My family and friends: Crypto scams are really bad, don’t get involved in that nonsense and sell your house. Do legitimate business, go work as an employee for safety.
$BTC Instead of buying 1 BTC every day, El Salvador is DCAing an additional 11 BTC today, after reaching an agreement to receive over 3 billion USD with the IMF.
$BTC 👉 Is this President trying to catch the bottom of BTC? 🤔🤔
$SOL Statement to Abandon Gambling A sincere advice to everyone, if anyone still has the mindset of recovering losses, just stop immediately. A few gambling dollars taken out to spend are just burdens attached to you. While some of you are profiting, there are others crying, some have jumped off bridges, and families are torn apart. Please DCA, invest monthly/yearly. If you believe these coins have real value like stocks. Otherwise, gambling will lead to more suffering in life. Best regards, everyone, going to pay off debts now 😔😔. See you all in a few years!!
$SOL Theo Bloomberg, SEC Chairman Gary Gensler is likely to reject Solana ETF proposals, potentially delaying the approval process until his term ends in 2025. Analysts believe this is Gensler's final move to stifle innovation in the cryptocurrency space.
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Bitcoin (BTC) continuously sets new peaks, attracting all eyes in the market, but Altcoins are 'unstable' in a perplexing way as many coins sink deeply into the red. Is it possible that the capital is flowing into BTC while neglecting Altcoins?
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MicroStrategy once again makes waves in the community by purchasing an additional 15,350 BTC at an average price of around 100,387 USD/BTC, with a total value of up to 1.5 billion USD.
Could this be the next "storm warning" that is about to hit? What do you think about this move, is the market about to see significant changes?
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Tonight, the PMI data for both the manufacturing and services sectors will officially be released. Although forecasts suggest that the numbers may not fluctuate much compared to the previous period, this information is still noteworthy.
👉 In particular, the upcoming FOMC meeting is attracting market attention and will somewhat create pressure on upcoming developments.
👉 Currently, forecasts indicate that both PMI indices are showing a slight downward trend, which could signal less positive news for the USD.
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📊 Standard Chartered forecasts: Bitcoin will reach $200K by 2025!
According to a forecast from Standard Chartered bank, the price of Bitcoin could hit $200,000 by 2025. This growth is driven by a wave of investment from large institutions and positive changes in the regulatory framework, affirming Bitcoin's position as a core asset in the market. 🚀💎
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$BTC Thailand tests legalization of payments in $BTC Bitcoin – A not small ambition!
Former Prime Minister Thaksin has just revealed that Thailand is in the testing phase of legalizing payments in Bitcoin.
👉 Although it is still just a test, this move shows Thailand's great ambition to stay ahead of global financial trends.
"The neighbor" has started to stir, what about us in Vietnam? If we don't quickly seize the opportunity, we may be overtaken and left behind by Thailand on the map of technological innovation! 🌐💡
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$PEPE "Is 'A Command to Define the River and Mountain' real?
According to Lockonchain, an anonymous investor (NĐT) once purchased 2.1 trillion PePe tokens for only about 27 USD two years ago.
👉 And the surprising thing is that after two years of silence, this investor's wallet has just 'awakened' and transferred all of the PePe tokens to another wallet. Currently, the initial investment of only 27 USD has brought in a colossal profit of up to 52 million USD! 😱😱
$PEPE X 1,900,000 times! You are not reading this wrong, this is a spectacular turnaround!
If you find this information interesting and useful, please like and follow me so you don't miss out on impressive investment stories like this!$PEPE
$BTC The current price situation of Bitcoin (BTC) today shows some positive signs. The current price of Bitcoin is at 104,493.79 USD, with a total market capitalization of approximately 2,068.62 billion USD ¹. In terms of trends, there are some technical indicators that suggest the growth potential of Bitcoin. Specifically, the RSI (Relative Strength Index) in the 1-day timeframe indicates that Bitcoin is in the oversold zone, which may create opportunities for investors to buy ². Additionally, other indicators such as MA (Moving Average) and Bollinger Bands also suggest the growth potential of Bitcoin in the short term. However, it should be noted that the cryptocurrency market is always volatile and carries many risks. Therefore, investors need to be cautious and have a clear investment strategy before making decisions. In summary, the price of Bitcoin today shows some positive signs, but investors need to be cautious and have a clear investment strategy before making decisions. #BTC☀ #cryto
AUSTRAC intensifies anti-money laundering measures for crypto ATMs, citing misuse for illegal activities, and establishes a task force to ensure compliance and enhance security. #cryptotrade