Steemit Crypto Academy Contest / S11W01 - The Cycle of Market Emotions

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Hello everyone, back again in the weekly contest that all the world's crypto academies have been waiting for, this time we have entered Season 11 Week 1 , Let's review a little knowledge about crypto.

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Briefly define the following Crypto related Slogans

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a). PUMPS and DUMPs

Is an activity carried out by a group of people or individuals who deliberately buy stocks or crypto assets at low prices to encourage or pump up the price of these assets by spreading false or misleading information that attracts the interest of other investors. Once the asset prices increase due to increased interest, the perpetrators who initiate these schemes will issue or dump their shares or assets at a higher price, earn large profits, and cause losses to other investors who are conned

b).Go to the Moon

The term "going to the moon" in the context of cryptocurrency refers to a situation where the price of a crypto coin increases very quickly and significantly

c). HODL

a popular term in the world of cryptocurrency that comes from a typo of the word "hold" (hold / hold) in the Bitcoin forum in 2013.

Since then, "HODL" has become an acronym for "Hold On for Dear Life" which describes an investment strategy where a person holds onto their crypto coins without selling them.

d).RECT

Rekt is a slang term in the world of cryptocurrency that comes from the word wrecked which means destroyed or failed. In the context of crypto, Rekt is used to describe a situation in which a person or group of people suffers heavy losses as a result of a bad investment or a failed trade.

e). BAGHOLDER

This term refers to individuals or investors who hold large amounts of stock assets or crypto coins that experience a drastic decline in value, resulting in a significant reduction in the value of their portfolio.

f). CRYPTOSIS

Cryptosis is a term for someone who has an excessive interest in crypto.

g). ICOs

ICO is a process whereby a new blockchain or crypto-based project or company raises funds by selling a portion of the crypto coins they create to investors or supporters of the project.

Let's talk about FOMO

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Fear of Missing Out in the world of cryptocurrency, this term refers to a person's feelings of fear or concern that they will miss out on an opportunity to earn big profits because they are not involved or do not buy certain crypto assets when the price is rising.

Where in the cycle does it occur? How can we deal with crypto FOMO

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FOMO often occurs when there is a significant price trend in a particular cryptocurrency. When the price of a coin starts rising rapidly, people tend to feel tempted to get in on the market action in hopes of making a quick profit.

However, FOMO can also lead to unwise investment decisions, due to ignorance and rush to follow market trends.

What causes FOMO and how can you prevent it?

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Requires self-awareness and discipline in making decisions, sometimes we tend to worry because we see trends in the market, which makes us afraid of losing moments, and without thinking long and hard we enter the most fatal trap, because without research and instead make purchases when prices are is at its highest point of resistance.

So how do you deal with this FOMO attitude, here's a brief explanation of how to deal with this fomo attitude:

1. Do thorough research
2. Set an investment plan
3. Avoid Emotional speculation
4. Don't compare ourselves to others.
5. Remember the long term
6. Use stop losses and TP.
7. Continue to study and be smart in maintaining Money Management.

What is FUD?

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The term FAUD refers to tactics or strategies used to spread negative information, creating fear, uncertainty and doubt among investors or market participants.

Their goal is to create a negative atmosphere that can affect the price of crypto or stocks that can benefit a certain party.

What causes FUD and how can it be prevented?

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The purpose of FUD is to create a negative atmosphere that can affect crypto or stock prices that can benefit a particular party.

To prevent the occurrence of FUD is the following:

1. Do thorough research
2. Find accurate information
3. keep emotions under control.

Select your preferred crypto asset and via screenshots, describe in which phase of the cycle FOMO and FUD occur.

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A FOMO cycle occurs when the price of Bitcoin or other crypto goes up significantly, and people are afraid to miss their chance to profit. This causes many people to enter the market hoping the price will continue to rise, which in turn can push the price even higher.

Meanwhile, FUD cycles occur when there is negative news or uncertainty in the crypto market, for example, government bans or security incidents. This causes fear and doubt among investors, and some may choose to sell their assets, resulting in a drop in the price

This is my participation in the SEC S11 W1 contest this time, I also want to invite you this time, and hopefully we can continue to be given the opportunity to enjoy every sweet thing in this world, on this occasion I also want to invite you as the person who introduced steemit to me, and also I want to invite @lil.albab, @ajmaster and @majo12 to join this contest together.