When it rains it pours doesn't it. I found a table that's mostly dry protected from the rain and watch as the rain slows down to a stop while the middle of the sky opens up and show the sun. Watching the crypto drop down so low, we knew to expect this and we had a good idea of how low it would go but even with knowing it was still a surprise as it was happening because it was up so high and the mentality was hard to shake. When you see BTC at 19k you're eyes are getting filled up with it's going to go to 25k,40k,50k to even 1mln.
You have to keep it all outside because if you let even a little bit of that in your head it can really throw you off. Nothing is set in stone and people guess, we all do but some are better then others when it comes to this kind of market, You look for the ones that are right most the time and figure out how they are doing it. It's not easy, I have some really smart friends and they can really give you a round about area of whats to come using the skill sets they have but it takes years and years to develop this kind of skill set and a lot of research, learning, listening and to be honest all around markets not just cryptocurrencies.
Right now everyone is afraid because the market is down so low, it's the time when everyone runs sells off what they can to get as much as they can to not lose anymore. They cash out at a loss and they have been beaten and the market has squeezed as much blood out of them as it could. It's how people act when the market down and they make it true by doing something stupid like selling at a negative.
We've all done it, felt that fear and acted out as our logic is flooded with random chaotic thoughts of losing what they have. This is the time when the weathered, well informed, experienced people buy up all that blood the market squeezed out of people like you. To them when all the money is taken and the blood and tears are running deep in the street it's the time to buy like a big red flag telling the investors "IT"S TIME TO BUY".
You've always heard to not spend more then what you can stand to lose and that's because if you did just that then you would have a better chance to overcome that fear and keep your head clear to think rationally. When the market is up you know that the time to buy is when it dips and you feel confident that's how its done however when it dips that's when all the FUD comes out on the news and Media programming you to react with fear.
Conquer your fears and take the first step in becoming a real investor/trader. This doesn't mean you will be successful all the time, it does mean you stand a better chance now that you can work with out your mind being clouded with fear. You still need to understand the market and know when you buy and sell. You can't count on other peoples words, you have to get your hands dirty and dig for information that connects to your perception of understanding. This takes time to really learn and be able to be good at it.
If you're having trouble with fear still, use small amounts of money and make a game out of it with your self or maybe a friend or two. Try to use the charts and the information from research to work the market in your favor. When talking with other people set aside your ego, think of your self as a student vs a teacher. Stop talking and spend most of your time listening.
Watch the trades your friends do and learn why they made the trades they did and didn't make the trades you thought they would of done (Making your mistakes here). If they are close friends they will tell you why they did what they did and didn't do what they didn't do. That's very valuable information and you should be taking notes on a note pad or somewhere so you can look back at it 1 week later. You could record a voice log talking to the mic about what you're thinking and what you learned new.
You would be shocked at how many things you learn and forget months later. Just remember no one knows 100% of whats going to happen so keep your self informed by doing research and talking with people. Anyways the market is down and I don't feel that fear, when I realized that the market was going to hit a major bottom I got really excited, it took me a long time to reprogram my self to get that way, to change my perspective and it's finally done, yes you can reprogram your self for a lot of things, some easier while other programming is much harder. You can reprogram what color you like, what favorite food you like to anything.
That's why they do commercials on TV because they work, you trust what they tell you and now you must have that new Pan or Penis pill. So all I'm saying is do a commercial for your self teaching you how to handle fear and keep your clear mind when working with money.
Enjoy my photo art, I didn't like the sky so I changed it, I also added and removed some things in the photo working on my skill set, the colors are more primary and I will do more when I have more time.
| Camera | Yi Action 4K+ |
|---|---|
| Settings | Auto |
| Lens | Stock |
| Style | Landscape |
| Location | California |
| Software | Gimp 2 |
| Artist | Jonbit |
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