Mirror neurons

They were first identified in monkeys in 1992 by Giacomo Rizzolatti and his team at the University of Parma in Italy. These neurons, which activate both when we perform an action and when we watch someone else perform it, have profound implications for our understanding of empathy, social learning, and human behavior.

Mirror neurons play a crucial role in our lives, influencing everything from our ability to imitate gestures and body language to our buying and selling decisions.

How does this influence you in the crypto market:

1.Emotional contagion: Because mirror neurons make us feel the emotions of others, we can be influenced by the collective behavior of the cryptocurrency market. If we see a buying frenzy or panic selling, we may be led to follow the herd, even if we don't have a full understanding of the reasons behind these actions.

2. Social learning: Investors can observe and imitate the successful behavior of other cryptocurrency market participants by following their investment strategies and trading decisions.

3. Imitation behavior: If a large number of investors start buying or selling a particular cryptocurrency, others may imitate this behavior without carefully considering the fundamentals of the asset.

4. Social connection: Groups of investors can form online communities where they share information, analysis and perspectives on different cryptocurrencies, influencing each other through social and emotional interactions.

5. Market noise: The impact of mirror neurons can amplify market noise, leading to irrational price movements and excessive volatility as investors react emotionally to the actions of others rather than solid fundamentals

Neurons can have a substantial impact on your behavior in the cryptocurrency market, influencing your decisions by contributing to market dynamics.
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Psychology in crypto

1- Deal with reality as it is:

You have entered a volatile market so learn to deal with volatility. Manage your emotions through realistic goals. Few people turn things around when they are starting something overnight. If you don't have clear and realistic goals, you will end up believing that this market is not for you and everything you do won't work.

2- Consistency makes you a winner

I've read hundreds of finance books and one of the best strategies without a shadow of a doubt is to be constant. When you are constant, you can learn from mistakes along the way, you can evaluate, you can see the market because by taking daily steps you deal with the path and the rocks, managing to observe reality more accurately. Remember: The tortoise knows more about the road than the hare.

3- Be careful not everything at the beginning is for you

Are you good with graphics?

Or a fundamental analyst?

There are ideas in the community that mainly make beginners lose a lot of money on their actions because they don't have a
solid base in neither aspect and ends up having its actions delayed.

I believe that a good initial methodology is to study an area that you care about and be able to delve deeper until you mature enough to deal with two things at the same time. Choose carefully with fashion.

4- Halo effect in crypto

The halo effect is a cognitive bias in which a favorable impression of a specific quality or idea influences our overall perception, leading us to judge other characteristics of it more positively than would be objectively justified. In investment contexts, this could mean that a single positive characteristic of a cryptocurrency, such as its popularity or past performance, could lead investors to overestimate its overall quality and underestimate the risks associated with it. This can lead to unreflective investment decisions or those based on bias rather than thorough and unbiased analysis.