Seriously!?
The real world is a lot different from what you think it is. I do not want to offend you, but what is quoted above is just so not true, it hurts. To clarify, I do not trade at all, but most trades out there are driven by two simple emotions: fear and greed. In Bitcoin even more so than in other markets.
The real world is a lot different from what you think it is. I do not want to offend you, but what is quoted above is just so not true, it hurts. To clarify, I do not trade at all, but most trades out there are driven by two simple emotions: fear and greed. In Bitcoin even more so than in other markets.
Who trades with fear and greed? If you don't trade yourself, how would you know?
You only trade with money you can freely lose, so what would you be afraid of?
I'm trading bitcoins, and I am not greedy, I have a strategy with "take profits" and "stop loss". I don't change it because I feel it right to change it
I think new people entering the market will do what I did in April. I was new and then thought, "Wow. I can't believe how fast the price is rising. I should have bought more when I first invested." Not knowing how far the price would rise I then decided to invest as much as I could afford to lose. It was a bit of an "emotional" investment at that point. Of course the market then crashed. I did not sell low though. I just figured that there would be a rebound at some point, which there is now. This time around I plan on selling half of my stash when the price doubles for what I paid and then I will buy more if the price does crash. If it never crashes again then I have a small little stash of BTC that I did not pay anything for at least so it becomes a zero risk investment regardless of what it does at that point. That is my thinking anyways.