Post
Topic
Board Economics
Re: LESSONS FROM CRYPTO MARKET
by
teosanru
on 25/10/2019, 19:30:49 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?
i think this is a lesson that every market teaches you. Fear of uncertainty and doubt comes with this fear that you have mentioned while greed takes you into FOMO. You should know that best thing is to either HODL if you are not brave enough to fight the markets or better go for a trading strategy aligned with some risk management technique to get high profits and reduce losses. These are the only two ways to survive in these Markets.