Emotions can be your worst enemy when investing or selling in any market, I heard that many times before, but I really understood and internalized it when last year I sold antshares (NEO) tokens, because I was afraid to lose the profits that I had generated.
As every speculator I have made mistakes, but this was the worst of all, it also became the best lesson and learning experience in terms of making decisions in the speculative markets.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Warren Buffett
In this sentence Warren Buffet points out two emotions that affect the decision making within the speculative markets, greed and fear.
We should not confuse ambition with greed, ambition is what drives an athlete to train stronger every day or can be the engine that gives life to a passionate entrepreneur, but greed does not bring anything positive, greed has only managed to create wars and damage homes, we could say that greed is the subjective and selfish animal of man. Ambition is useful, since it allows us to overcome fears and to launch new adventures and projects in life.
I think this factor is the one that paralyzes many people in making decisions, fear to leave the safety of their comfort zone, to make new projects in their lives and also the one that induces to make decisions without thinking clear and make mistakes as was my experience with antshares. Fear is also an emotion that protects us, without fear we might take extreme and absurd decisions that would harm us. I think that we must maintain a balance and not allow fear to steal favorable opportunities when they arise.
The cryptocurrency market, like other markets, is based on the law of supply and demand, behind every offer and every demand there are people who are influenced by their emotions, creating trends and volatility in many cases.
Well, we are experiencing a bearish trend in the cryptocurrency market, I do not want the emotions of others or yours to affect your vision, on the contrary, try to be as objective as possible in your decisions, ** no **, I am not inviting you to invest or sell, but I want to exhort you to stop for a moment, stop listening to the speculative noise and execute intelligently.
