If you guys have yet to see the "investor cycle of emotions" it's really well done. Many times we buy at the "euphoria" area and forget that the times when depressed about your holdings are actually the times you should be buying!
the Investor Cycle (of emotions) and when to buy.
7 years ago by franklynx (57)
$11.64
- Past Payouts $11.64
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- - Curators $0.24
22 votes
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- … and 2 more
But where are we now? More importantly, when are we going to be at the point of maximum financial opportunity?
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We might be at the denial stage which means the market will go down further before climbing back up, but I'm a LONG TERM investor and I'll be buying more and more Steem Power as the price gets depressed further. Why am I not waiting until it hits bottom then? Just in case I'm wrong about the denial stage and we are actually already close to the bottom. I will keep reminding myself not to give in to emotions and stick with the plan and I'll be fine in the long run.
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the only way you will beat this market is buying and holding. I'm down on all my investments, but i dont give 2 shits, im planning on a 5 year hold
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you are exactly right.
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heard that!
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Lol, I just resteemed another version of this. I'll resteem this one as well. Have a look at my blog and look for my crypto articles. I like to get as much input from fellow investors as I can.
Cheers,
Sean @seanengman
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Well, yours was the other one I shared.
Cheers,
Sean
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thank you! and that was mine, also, that you resteemed. I appreciate it!
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I see depression ahead in the crypto markets lol
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Great depiction of the emotion cycle ! You can pretty much explain the state of mind during the euphoria and despondency stages based on the deviation from optimism. Resteemed, upvoted and followed you :)
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Totally right. And one needs to stay cold and rational, which is the hardest part!
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Agreed!!
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thank you! and yes , very well said!
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Good information
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HODL. Buying and holding and riding the wave is the way to go.
Don't be a weak hand. Do you believe in the fundamentals? Then HODL!
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This is me trying to figure out when to get the most steem for my SBD on the internal market. I've decided it's a really indicator that I shouldn't meddle in the other cryptocurrency markets lol
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I really enjoy your posts. They hold great information.
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That is something to put on the wall and look at regularly.
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