HOW THE CRYPTO MIND CYCLE WORKS
After more than 10 years experience investing and being around to witness crypto cycles, Iâm going to introduce how this market plays with the human mind.
1. You hear crypto on the news/internet or from a friend/relative.
You see it on adverts, the news, friends and family start talking about it. Bob, whoâs been your neighbor for 20 years that youâve never spoken to before, starts to talk about bitcoin. You research on youtube to find a 16 year old saying heâs made millions, ââUse my link below to sign up to this exchangeââ And thenâŠ
2. FOMO in at the wrong time because you see everyone making money.
You figure out how to get through the stressful part of making an account, doing KYC and adding a bank card. You transfer some $ and buy some shit coins that you saw the 16 year old shilling whilst telling yourself that youâre going to be a millionaire. And thenâŠ
3. You see the market dip so you panic sell at a loss.
The market starts to take a dip, you see your $ dropping. You are scared at the fact youâre losing money. You start to panic. You sell all of your tokens at a 10% loss and cash out. And thenâŠ
4. Rebuy at a higher price as the market rises.
You look back at the charts and see everything is rising. OMG! I need to get back in, we are going to the moon. You put all of your money back in at a higher price. This time you tell yourself, ââIâm going to holdââ And thenâŠ
5. Institutional investors decide they want to take their $Billions in profit.
CRASH, the market gets destroyed, the big boys take their profits. Youâre down once again, only this time itâs 80%-90%. And thenâŠ
 6. You lose all of your money and give up.
You wonder why you are poor instead of rich.
You sell your tokens and cash out your remaining $3.89, go to the pub, slurp on a half pint of shandy whilst thinking to yourself, what did I do wrong. And thenâŠ
EXPERIENCED INVESTORS
1. The opposite to what the non-experienced investors do.
REMEMBER, ITâS ALL ABOUT THE MINDSET!
#HotTrends #MindSet