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LookS like the virtual economy is creating a whole lot of new personalities . People are more in control of their money( decisions) and it is scary as f*%k for most. In the past we paid brokers to make the tough decisions and most importantly we had someone to blame if it all went south .
Fast forward to the start of 2016 …. Investors are now buyers , sellers and risk managers.
There’s a lot of questions flying around , mostly by new comers. If they should buy now , hold or sell immediately due to the volatility of the cryptocurrencies.
The answer is easy …. Are you a Bull, Bear or Pig ???
“Bull , Bear or a Pig “ are terms used to describe investors or traders in the traditional market and equally applicable in this new economy .
- Bulls are bullish in their investing… optimistic and expect to make money in a growing market . Often holding nothing back. Growth is the name of the game.
- Bears are theopposite of bulls. They expect the market to decline but still make money because they invest in the downtime . They buy low in anticipation of the market recovering.
Both the Bull & Bear make money because they are in it for the long haul. - Pigs on the other hand are in it for the short run. They are looking to make a quick buck and become very emotional about their decisions. Very low tolerance of risk and become greedy which often leads to losing money.
I must admit ,I started off with a Pig mentally (obviously lost some cash) and slowly transitioned into a Bear …. So when in doubt decide if you want to be a Bear , Bull or Pig depending on your financial goals.
*****I am not a financial advisor …just a mother Bear trying to feed her kids