Hey everyone, this is Lucky Ali, and welcome back to my new blog. There is a psychological pattern we often see in the crypto market. For example, when we see good news, we expect the market go up. When we see bad news, we expect the market to go down, and that is what everyone thinks. So this is common in humans. And this is exactly what is called first-order thinking, because when you hear good news Immediately you think that the market will go up. And this is the first thought that come in your mind But you need to understand the market is totally different, especially when it comes to the crypto market.
Just because of the news, prices cannot move. It depends on the People's reactions to that particular news, whether it is bad or good. So in the cryptocurrency field, this particular thing matters a lot. Currently, we are in bear season, and we are expecting that the price will fall further. In reverse, when there is a bull market price will continuously go up, and everywhere you see bullish sentiments, even on social media. Right now, we are seeing pure bearish sentiments on social media and all over the Internet.
Now, how the second order works here. So if everyone is bullish and everyone is already invested, then who is left to buy at that price? This is the biggest question, and that is where your thinking changes. And this is how the risk increase In the bull season, and I don't need to share the same thing with the bear market, because now you can understand what happens when bear markets occur. Because we are currently seeing that situation. Just reverse the above scenario.
So it is all about the game of emotions, and that is where Big opportunities take place. Not just a crypto market, but you can see emotions in every single market. And when you know second-order thinking you stand out from this crowd and stay away from the emotion. So when you are on second-order thinking, you save yourself from making mistakes. The crypto market is volatile, and sometimes, fundamentals also do not work in the crypto market. We have seen much good news, but there is no upside move in the crypto market. That is proof that crypto is unpredictable, and this only works on news and technical analysis. There are many things to see, and there are many psychological lessons we have to learn.
What is your thinking regarding this information? Please let me know in the comments section now. I am ending this article, and I will meet you in my next blog. Take care and goodbye. Also, share this post because sharing is caring. enjoy. .
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| Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. You can find me on hive, twitter and discord (Lucky Ali#6343). Hive family ♥ |
