Human Psychology (traders) when Bitcoin goes up, I see/read that the cycle is always similar. What do you mean?
Like this, if Bitcoin doesn't go up then someone will buy it beforehand. Well, usually most traders who follow, especially "will accuse other people of being bad for making bad decisions."
Back again, and vice versa. When assessing yourself when you fail "especially influencers or impromptu traders, or traders in quotation marks" often create stories to JUSTIFY past decisions and attribute bad results to risks. For example, yes it's also called trading, there are bound to be losses, yes it's also called Hodl or long term investing, be patient, if it goes down, it will go up again, don't worry because this is good, the Dev is good and blah blah blah.
There was a sentence that made me realize and think about why trading is not about capital, which most of the influencers hooked and introduced trading in a general way.
The sentence is like this 👇
WHAT SHOULD YOU DO TO MAKE LUCK A PART OF YOUR FINANCIAL BEHAVIOR?
Answer: Don't be too obsessed with the strategies implemented by certain individuals, because they could be outliers from the general situation that occurs in the wider community. It could be that your role model has privileges in the form of “connections” and power that you could never have. Instead we consider it to be a light, even though the advice could backfire on you.
This sentence made me think "no matter where you trade with other people, you won't be able to make a profit" because your behavior doesn't reflect how to make a profit from trading.
It's also useless to predict (as confidently as possible) telling everyone that Bitcoin will rise if you don't sell your house. Haha, just kidding.
Yes, yes. Sometimes our beliefs lose to the beliefs of a gambler. A gambler can be sure of winning and selling anything😂. But why don't the influenza traders just sell their possessions first? Dark Jokes😂
Quote: Edudax