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You could be buying into a coin because you have completed hours of research and are now dead certain that its price is going to climb and provide you with a substantial profit. You will have been pumped up and exited to buy your way into that coin. In your mind, you will have already calculated all of the things that you are going to spend your profits on.... Then, you log onto bitcointalk forums, read one line of negative publicity and, within the space of 5 minutes, your entire perception will have been altered. You will have gone from a state of perceiving value, to now being in a state of panic and fear. This will cause you disregard the dozens of hours you have spent in research, and to sell all of your holdings, even at a loss.
But, just like you determined in your original research that same coin will begin to creep upwards. Then it will begin climbing powerfully through price range after price range... then its will begin to skyrocket in value almost by 150%...
...then, strangely, your perception will have changed yet again. No longer are you fearful because, clearly, this coin has just had a major advancement in value in fact, now, you will have retuned into a state of perceiving value, and those thoughts of future profits and how you are going to spend them have returned... so what do you do? You buy back in...
Then... and the story is very common... the price begins to plummet directly into the ground almost as soon as you have bought back in.. It drops 20% of value, but this time you dont sell.. this time, you hold on because you just watched this coin climb 100% so now the image of profit is too real for you to let go... The price drops by another 20%, but still you dont sell... this time, you continue to hold because everyone on twitter is swearing on their grandmothers ashes that this coin is going to the moon... Eventually, you wind up with a 60% loss and again, you refuse to sell because now, you have decided just to wait for the coin the return back a level where you can get out at even...
But thats it.. a couple of days go by and the price has still not lifted.. a week has gone by and now you finally decide to sell at a 60% loss.
Then... the price rallies again, this time higher than it did during the last rally.
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i really appreciate the time you put in writing, this stuff and sharing it with everyone.
this is exactly what was happening to me, i was looking around everywhere not knowing exactly what to look for and buying coins with the
hope that it's price will go up. but the day never came.
as you said before, as i gave up the gamblers method of trading i am proud to say i made 400% profit in 3 weeks.
i am still sceptical and need more information and experience though, but it is a journey that i am happy to take.
Really? That's a good tip? ... Go learn how to trade here:
or any other website, or from someone whos name is not Ryan PUMPER lol Oh yeah and once again, here is his twitter description, "Manipulation is an art, and the Bittrex charts are my canvas. Follow me if you're only in it for the money..." - no where does he say he knows how to trade or will teach it.