Some things I've learned after hodling bitcoin since early 2017
1. Never believe anyone's price predictions. 2. Don't "diversify" into other cryptos; none of them are actually decentralized, everything except bitcoin is a shitcoin (yes, really), and it's all gambling. The point of bitcoin is not gambling, but to end modern day slavery (fiat currency). 3. When everyone you know is talking about bitcoin, you're at the top of a bull market. You'll likely be too exuberant to realize it though. It will be obvious in hindsight. 4. Don't "trade some altcoins on the side to get more bitcoin". You are not that smart, and the overwhelming probability is that you will get wrecked. 5. DCA into bitcoin. Ignore your emotions. Don't try to time the market. Just stack what you can every paycheck. 6. Don't be too excited about bitcoin; people will feel like you're scamming them even though you're just trying help. 7. Go to meetups & conferences. Don't be isolated. Bitcoiners are generally very awesome people. 8. When people ask you about how to buy bitcoin, send them to a BITCOIN-ONLY company. Example for why: My cousin bought bitcoin (on Coinbase) during the bull market, then sold it for shiba on the same platform and now she pretty much lost everything. Bitcoin-only companies are the safest option to keep newbies from doing newbie things. 9. Be on #bitcoin twitter and nostr. Obviously if you're reading this, you're already here...but I didn't get on twitter until 2020 and can tell you that it's a lot less lonely hodling bitcoin when you see a bunch of other people on this platform experiencing the same things you are. 10. Be skeptical of influencers. Even me (I'm not a huge account, but still). Some are good, some are bad. Even if they have good intentions, their judgement can be clouded by bad incentives. 11. Stop trying to convince everyone you know that bitcoin will make everything better (even though it will). Instead, be a good resource for the people who eventually reach out to you about it. Be known as "the bitcoin guy" and let people come to you when they're ready. Have good content prepared for them to read/watch when they do. That is all. It's been a great ride so far and I'm happy to know you guys. #bitcoin #dyor #crypto2023
Remember one thing you can't just buy and hope for a pump. Or you short and wait for a dump Hoping the market to do something is a poor risk management. Hopes doesn't work in financial markets.
🔍 The psychology of the markets is a discipline that studies the different mental scenarios that investors often face when making their investments.
📚 Psychology in the market is one of the major pillars (for many, the primary one) that influences the success of the investor. The other two pillars are capital management and the applied investment system (strategy, routines, etc.).
📊 This cycle most frequently affects beginner investors/traders due to their inexperience and mental vulnerability to market movements.
❓ And you, have you experienced all the stages of this cycle? (🇮🇳)
Focus on saving $100 Then turning $100 to $1000 Then set your goal to $10,000 Then focus on reaching $100,000 Then set your goal to $500,000 Then Once you have $500,000 $1,000,000 is just 2x of that Slowly but smartly
If #Bitcoin won't turn green in next 1 day 15 hours (40 hours) , then $BTC gonna dump hard to 26K$ in next 21 days 😭😭😭hard to say but it's true , So let's wait for #crypto magic ✨
$SXP gonna dipped to 0.34$ and then it will start reverse from that point ,may be it gonna reach 0.38-0.42$ in next 10 days ,for #SXP long term holders it will reach 1$ in 6 months