The pressure of majority opinion is especially troublesome when it comes to the questions of which coins to invest in and when to invest. This is when an otherwise intelligent trader lets himself be pushed around, with unprofitable results.
I mean, when is the best time to buy into a coin? When the price is low of course and, when is the best time sell it? When the price is high, naturally. This simple idea is taught in seventh-grade economics, and even if it wasnt taught Im sure people could figure it out for themselves. However, what most people are forced to learn the hard way is that this seemingly simple formula is particularly difficult to put into practice.
Why you ask?
Well, it is difficult, in large measure, because it requires the trader to act against the pressure of popular opinion and quite frankly, the average person is simply too weak-minded to stand firm in the face of opposing opinions held by the majority.
I mean, when is the best time to buy into a coin? When the price is low of course and, when is the best time sell it? When the price is high, naturally. This simple idea is taught in seventh-grade economics, and even if it wasnt taught Im sure people could figure it out for themselves. However, what most people are forced to learn the hard way is that this seemingly simple formula is particularly difficult to put into practice.
Why you ask?
Well, it is difficult, in large measure, because it requires the trader to act against the pressure of popular opinion and quite frankly, the average person is simply too weak-minded to stand firm in the face of opposing opinions held by the majority.
Ryan said it best
winning is not for everyone
some people just don't have the genetic tools to profit in crypto
But I DO
