As Soon As You Buy, the Price Will Start to Fall. As Soon As You Sell, the Inevitable Rise Will...
As Soon As You Buy, the Price Will Start to Fall. As Soon As You Sell, the Inevitable Rise Will Begin! Why? Murphy's Law Maybe? I'll explain why this is so, it's 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. The crowd effect. Most people buy on hype and sell in panic. This leads to the market being able to correct at precisely those moments when identical decisions are made en masse. 2. Difficulty of forecasting. The market, especially the cryptocurrency market, is extremely volatile and unpredictable. Even experienced analysts make mistakes when trying to guess the price movement. 3. Algorithms and big players. Not only private investors participate in the game, but also institutional players, trading bots and hedge funds. They analyze mass behavior 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 cryptocurrency, will behave. There are specialized institutions for this purpose, such as: 🛑 Quantitative research centers developing mathematical models. 🛑 Psychological laboratories studying the behavior of investors under stress and uncertainty. 🛑 Data analytics companies using machine learning to predict prices. All this research helps the big players stay one step ahead. Therefore, it is important not only to follow the market, but also to understand its fundamental logical mechanisms. 💡 What should I do? How many times a day do you 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 at which you plan to sell, do not be too greedy. If emotions are off the charts during the correction, do not go in or temporarily delete all applications related to cryptocurrency and do something else, this will help you think sensibly and be firm in your decisions! Don't be like everyone else, know more! #Write2Earn!
buy n hold on to it... don't buy crap as well. pepe, shib and others are the exceptions
Thernos
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HAVE TRIED MY BEST;
In the struggle of studying crypto and understanding which approach should I use for spot trading for gains. Have tried the following strategies;
1.I chose to be disciplined and increase on my patience levels, tokens kept dipping month in month out.Got tired of waiting and ended up selling at huge losses😥
2.NOT chasing pumps, I decided to buy the correction after retracement, they never went back/rose🤨
3.Decided to target early pumps, coins that are just starting to pump or rise, the minute I make my entry, that's the end of just an early rise and dip for days. 😕
4. I understood that tokens rise in cycles or groups like fan, Defi, Gaming or tokens marked with a monitoring tag, so whenever I could see one that has pumped, I immediately look through the cycle and buy immediately, Guess what happened!? those that I didn't buy are the ones that rose and pumped even.
5.Finally on newly listed tokens, I decided to start small and keep on buying as they dip so that once they rise, I take advantage 👍👏💪 many of them stopped from my first small buy and rose to not dipping.
6.Maybe I should start with a big buy this time, guess what happened, immediately after it's buy, the token kept on dipping and never rose back leading me to losses. 😌
7.Decided to wait for a second candle to buy just like Pnut, Act and other newly listed tokens, I always counted the time very well and bought immediately just like today for Verodrome, none went up for sure😏
8.When I decided to always sell early to lock profits and avoid losses, they kept on pumping, I decided to always wait for the 4hrs to elapt, they always dipped leaving me in regret, wish I sold when I had profits.
🎤.Am still looking for a better strategy, please share with me your strategy, together let's make money 🤑💸💵💴💶💰💳
What can I invest in? I heard people talking about a$SOL and I put some in it, I entered the crypto market yesterday and only saw a few videos, can anyone recommend me something? and I wanted to know if $SOL can gain more value in the market, as I haven't seen it reaching the value I paid for yet.