The last 24 hours have been crazy for PIVX.
Besides being glad that it's back up since I own some PIVX, there was something else about this that was very interesting to see.
The change in the chats was another reason lesson in why my decision to not listen to random people on the internet has been a good decision so far. I am very pro-listening to great traders. I am pro-learning from great teachers, but listening to random people on a Facebook group is just not smart and profitable.
They say that only 5% of traders consistently make profit. That means that on average only 1 out of 20 comments will be a good one. Of course this is oversimplified, but I use this reasoning to not listen to the crowds when they talk about a certain coin. Anyway, more on that in another post.
Before yesterday evening there were sooooooo many comments saying PIVX is dead, PIVX will only go down, PIVX sucks, PIVX has had its time and more of this. Then yesterday evening happened. Suddenly PIVX rose like a fucking phoenix. The posts started flooding in. "I knew it, PIVX is goinggg", "I should not have sold my PIVX...", "PIVX is an awesome coin with a great team an community" and more like that.
Suddenly all the PIVX = DEAD comments were nowhere to be seen.
Fear, Uncertainty and Doubt (FUD) spreaders had left the space.
Do not be a little twig, getting blown left and right, going with the hype and panic selling.
Do your research and be a 30m tall oak with its roots spreading deep and wide, undisturbed by the wind of the comments.
Joel