Post
Topic
Board Announcements (Altcoins)
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
by
LuckerDog
on 04/12/2016, 00:05:14 UTC
Quote
Very nice but most people will go away from AMP until they start delivering and AMP price gets some momentum. That's how traders do their job. Given the current BTC rise in combination with the Synereo mess, it is more than logical for people to run away and step back in when times are better.  

Ehh... 90% of traders lose money for a reason. Most look at things from a linear perspective. Just because BTC HAS been doing good this past month doesn't mean it'll continue to do so, and just because AMPs has been falling doesn't mean it'll continue to do so. Most traders, as you say, buy when something has already been doing good, and sell when something has already dumped... Just because most traders do this doesn't make it rational. Again, the majority of traders lose money, something which is determined by irrational actions led by emotion. Oh AMPs been dumping for days?! I THINK I'LL SELL!! What, BTC is double what it was a year ago? Best time to buy! Nope... Buy low, sell high, look at things from a non-linear perspective. No one can read the future, that's why valuation and knowing what something is truly worth if successful is so important.