Crypto the ins and the outs - Cryptoguardian daily 2 October

in cryptoguardian •  7 years ago  (edited)

Want to strike it off rich and retire to a sunny island? If you are looking to do so then times might not be far. However, as the old adage goes "If you do not plan, you plan to fail", the same goes with anymarket and definitely crypto. Bitcoin people say is in a bubble, and what happens is people rush to buy it. Now if you invested in bitcoin you should have sold it when it hit the $5000 mark. Now if you didnt well its because you did not have your cryptoguardian with you.

It is hard to give you all the strategy in a page but everyday i will give you new tips. If you want to succeed in this marketplace you will have to act just contrary to public psychology. You will need to handle emotions big time too. People get an adrenalin rush when they see prices soaring, and then feel down when prices stumble. Yet, people do not know the basics. Prices are there to go up and down, and only 1% succeed because it takes effort and courage. If you hedge your bets correctly they will pay.

Tip number 1 from guardian: buy when public sell, sell when they are excited
But why? Exactly what i said before. You were not listening were you. Must have read it thoroughly. Go back and read and come again. The reason is simple people sell when they see prices going down aka panic selling. Alternatively, people buy more when they see huge volumes. Your job as the guardian advises you is to do the exact opposite. By doing so, you are placing yourself in a differentiation strategy zone whereby you are bound to win.

Do nof follow the public. Make your own move. Reverse psychology is the key.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @lolianderice! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published 4 posts in one day

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!