The best gauge for when to buy or sell BTC/ETH? Your own emotional state. - Cryptocurrency Reporters - A Light To Cryptocurrency World

Sunday, 1 April 2018

The best gauge for when to buy or sell BTC/ETH? Your own emotional state.


Everyone says to buy low, sell high and to avoid the emotional state of the masses but very few actually do. Most people (including me and you) are part of the masses, we are the sheep, and so the best way is to read our own emotional state.Now this metric is not perfect, you might actually have a good degree of separation between emotions and investing, let’s assume you don’t (you probably don’t). Also, this advice only pertains to investment assets that already have a following and provide value (BTC, ETH, RE dev, stocks, bonds). Altcoins are just an every man’s form of venture capital/angel investing.When you find yourself ranting and raving about BTC/ETH, telling your friends, your family to invest. When you feel the most confident about the technology, when your absolutely high off the potential of the tech. When you start convincing yourself that you “believe” in the tech (even though you don’t understand it AT ALL). When you start getting obsessed about decentralized this and decentralized that, while bad mouthing financial institutions for holding crypto conspiracies. When the future seems bright, and you feel like you are an early investor into something magical.....that my friend, is the sign from the universe to sell.When you lose absolute faith in the technology, when you are despondent. When you start calling it a scam, a ponzu scheme. When you see no future in BTC/ETH. When there is no end in sight to the bear market. That my friend, is also a sign from the universe to buy.It’s a simply metric, not saying it’s 100%. It’s still emotionally based, but I’ll bet my shoe it’ll be more reliable than TA or candlestick bullshit. via /r/CryptoCurrency https://ift.tt/2pS3yHA Everyone says to buy low, sell high and to avoid the emotional state of the masses but very few actually do. Most people (including me and you) are part of the masses, we are the sheep, and so the best way is to read our own emotional state.Now this metric is not perfect, you might actually have a good degree of separation between emotions and investing, let’s assume you don’t (you probably don’t). Also, this advice only pertains to investment assets that already have a following and provide value (BTC, ETH, RE dev, stocks, bonds). Altcoins are just an every man’s form of venture capital/angel investing.When you find yourself ranting and raving about BTC/ETH, telling your friends, your family to invest. When you feel the most confident about the technology, when your absolutely high off the potential of the tech. When you start convincing yourself that you “believe” in the tech (even though you don’t understand it AT ALL). When you start getting obsessed about decentralized this and decentralized that, while bad mouthing financial institutions for holding crypto conspiracies. When the future seems bright, and you feel like you are an early investor into something magical.....that my friend, is the sign from the universe to sell.When you lose absolute faith in the technology, when you are despondent. When you start calling it a scam, a ponzu scheme. When you see no future in BTC/ETH. When there is no end in sight to the bear market. That my friend, is also a sign from the universe to buy.It’s a simply metric, not saying it’s 100%. It’s still emotionally based, but I’ll bet my shoe it’ll be more reliable than TA or candlestick bullshit.

Everyone says to buy low, sell high and to avoid the emotional state of the masses but very few actually do. Most people (including me and you) are part of the masses, we are the sheep, and so the best way is to read our own emotional state.

Now this metric is not perfect, you might actually have a good degree of separation between emotions and investing, let’s assume you don’t (you probably don’t). Also, this advice only pertains to investment assets that already have a following and provide value (BTC, ETH, RE dev, stocks, bonds). Altcoins are just an every man’s form of venture capital/angel investing.

When you find yourself ranting and raving about BTC/ETH, telling your friends, your family to invest. When you feel the most confident about the technology, when your absolutely high off the potential of the tech. When you start convincing yourself that you “believe” in the tech (even though you don’t understand it AT ALL). When you start getting obsessed about decentralized this and decentralized that, while bad mouthing financial institutions for holding crypto conspiracies. When the future seems bright, and you feel like you are an early investor into something magical.....that my friend, is the sign from the universe to sell.

When you lose absolute faith in the technology, when you are despondent. When you start calling it a scam, a ponzu scheme. When you see no future in BTC/ETH. When there is no end in sight to the bear market. That my friend, is also a sign from the universe to buy.

It’s a simply metric, not saying it’s 100%. It’s still emotionally based, but I’ll bet my shoe it’ll be more reliable than TA or candlestick bullshit.

No comments:

Post a Comment