Post
Topic
Board Economics
Re: LESSONS FROM CRYPTO MARKET
by
ufaiz50
on 23/07/2019, 17:22:26 UTC
After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:

+ Fear
+ Greed


I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.

So, we need to set up your expected profit point as well as the stoploss point.

How about you, what is your lesson?
What you are demonstrating is more because there is no analysis and set goals in your actions to trade or invest in cryptocurrency, so you are fear and greedy for the conditions in ahead. It is also a suggestion for some users that analysis and strategy are important so that they are not too caught up in fear and greed.