Binance Square
LIVE
Square-Creator-7d46da632281eb7f9034
@Square-Creator-178101298
Following
Followers
Liked
Shared
All Content
--
See original
Will xrp go down or not? Should I sell and when it goes down should I go back and boost it?
Will xrp go down or not? Should I sell and when it goes down should I go back and boost it?
LIVE
Yasmine Ayman
--
Here's the truth
Once you sell, the price goes up, and once you buy, the price goes down, I will explain why, it is very simple! This phenomenon is a classic example of cognitive distortion, when a person feels that the market is working against him. In fact, such situations are often explained by psychological and market factors: 1. Crowd influence. Most people buy on hype and sell in panic. This leads to the market being able to correct at precisely those moments when similar decisions are made collectively. 2. Difficulty of prediction. The market, especially the cryptocurrency market, is very volatile and unpredictable. Even experienced analysts make mistakes when trying to guess the price movement. 3. Algorithms and big players. Not only private investors, but also institutional players, trading robots and hedge funds are involved in the game. They analyze the behavior of the masses using complex algorithms and adjust their actions to maximize profits. Billions of dollars are spent annually to study how most participants in financial markets, including cryptocurrencies, behave. There are specialized institutions for this purpose, such as: quantitative research centers that develop mathematical models. Psychological labs study investor behavior under stress and uncertainty. Data analytics companies use machine learning to predict prices.All this research helps big players stay one step ahead. Therefore, it is important not only to follow the market, but also to understand its basic logical mechanisms. What should I do? How many times a day do I check the price and look at the chart? Every time you look at the prices, you start thinking like the crowd. Wait for the price you plan to sell at, and don’t be too greedy. If the sentiment is off the charts during a correction, don’t go into or delete all crypto-related apps temporarily and do something else, this will help you think sensibly and be$XRP
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number

Latest News

--
View More
Sitemap
Cookie Preferences
Platform T&Cs