Quote from: Triffin on November 14, 2019, 06:16:07 PM

Quote from: bohr on November 12, 2019, 06:22:57 PM

Quote from: agentx44 on November 07, 2019, 05:39:46 PM

I agree. That's the thing we miss out most of the time. Having a spirit of self and staying in control of everything. We fail oftenly because we let the market conditions manipulate our emotions leading us to mistakes. We should set our mindset and be optimistic on everything happening on the market right now. I'm not saying we stop monitoring price movements, instead I am suggesting that we stay focused on the goal we are aiming for and put our hopes high with altcoins because sooner or later, it will go very high again for sure.

The markets can manipulate our emotions in both ways positively or negatively, and being always positive about the market can lead to great disasters as well, and it is not difficult to find examples of that, at the end of 2017 when bitcoin was close to 20k there were many that were positive about the market and thought the price could grow even more, when it began going down instead of selling they kept holding thinking everything will go back to normal only to be destroyed by the crash that followed.

This is not just with crypto, every market has both positive and negative sides. The pump you are talking about, if on one hand people suffered some stress or loss because of greed there were many who bought houses, started businesses, bought luxurious cars etc just because they took right decisions on right time. In order to avoid such stressful situations, keep your targets for profits and avoid greed.

Knowing when to get in and out of the market is probably the most valuable skill in any market, however we must be honest the stories of those that became rich with the last bull market are interesting but they will always be an exception to the rule, that money does not come from nowhere it comes from other investors that lost against them and that could not take the right decision at the right time like they did simply because it is too difficult to do something like that.