Dear all, today I would like to talk with you what determines our decisions, why we sell and buy cryptocurrencies, what gives us incentives, what affects how customers act and what are general trends of our behavior and most importantly, I will try to define the relation between these trends and DeepOnions. I hope, you will enjoy the article, find some interesting things of real life and use my advices to make your own decisions appropriately.
First of all, our expectations of future play huge role when making the decisions. For example: if customers expect that price of some specific cryptocurrency is going to go up, they will immediately buy that cryptocurrency, because they buy it at a cheaper price and afterwards they sell it at a higher price. Same logic works for the opposite case. If customers expect that price of some cryptocurrency is going to decrease, they will immediately sell it.
So, as it turns out our expectations partly and sometimes fully determine how we act and I think it`s very important to explain what factors make up our expectations, what are the reasons behind our expectations and whether these expectations are same for all of us.
It goes without saying that first thing that might be considered as a determining factor is the past experience. To be clear, I will suggest you the case of bitcoins. The decline in price of this cryptocurrency was always followed by an increase in the price. So, customers who observe the past trends, buy bitcoins when price of it falls, because they expect that in the long-run price of it will go up. In case of DeepOnions, customers can observe past trends and make decisions depending on that. Thus, past experience really can help us, but one thing has to be mentioned. Past experience is not always the right and beneficial thing. It sometimes can lead us to wrong decisions. We are not insured. We never know what will happen in the future, but historical experience just gives us predictions of future with high probability, however it`s not necessarily true.
Apart from that, our actions are also determined how other players in the market act. If most of them are making the same decision, we start to think that this is the right decision and we should act like them. In case of DeepOnions, since this cryptocurrency is characterized with rising demand, more and more people get interested in it. They are wondering, why are so many people starting to buy it? Probably, it is something special and we don`t have to lose the chance of buying it.
Another crucial thing that doesnt have to be forgotten is how the market and industry in general is doing. Its absolutely clear, market of cryptocurrencies is growing exponentially and probably cryptocurrencies will substitute traditional sorts of money. This leads customers to buy more and more of them and start to build the future that they are going to live. Increase in the demand of DeepOnions can be explained with the fact that it is cryptocurrency of growing market capitalization and thus if we buy it now, we will gain in future.
To summarize, I would love to give you some advices. Firstly, be smart and consider all the elements that might be used when making decisions. Do not listen only your heart and intuition. Secondly, observe the historical experience, look how stable each cryptocurrency is, but do not fully believe it and put everything under risk. Thirdly, learn each industry and market in detail, conduct serious research and make your decisions depending on the profound thinking.
I hope, you act smart and make decisions that will bring you big success.
Good luck!