Hey guys E55 here,
do you know that when 'experts' in media or social networks say that the Bitcoin price will hit new record highs in a given year and they were actually right in their prediction?
Me, of course not!
Do you know that when 'experts' in media or social networks say the Bitcoin price will hit new lows in a given year and they were actually right in their prediction?
Maybe. we will see...
To be honest nobody knows what will happen soon. And those who think they know, are always wrong. That's one of the reasons why I almost always have a different opinion than the crowd. Because the crowd reacts from their emotions - greed and fear to be exact. When were they right?
One author said a while ago, for example, that you can not make money in this market because the price is no longer rising. Later, he recommended people to trade in traditional markets. The first thing I thought was that the bottom can not be far away from here. It's exactly these people who will afterwards buy out of greed and fear again. If it's going one-way for a long time, they'll find it okay, but once the market corrects, they have problems and blame others.
In conclusion, I have decided to buy in these areas, no matter how far we should go down. If the price continues to go down, then I buy more. The reason is quite simple: I'm doing exactly the opposite of what the mass does. While the crowd is trying to get the perfect buy point, I'm protecting myself from missing a bull run. And when I've learned one thing, it's that you can only make money at trading if you're doing the opposite of others.
In the end, it's not about who was right. It's about who made money. I am sure, with greed and fear you can not make money!
Thank you for reading, I wish you a nice day!
For those who do not know me, here are a few bitcoin and altcoin trades from before:
do you know that when 'experts' in media or social networks say that the Bitcoin price will hit new record highs in a given year and they were actually right in their prediction?
Me, of course not!
Do you know that when 'experts' in media or social networks say the Bitcoin price will hit new lows in a given year and they were actually right in their prediction?
Maybe. we will see...
To be honest nobody knows what will happen soon. And those who think they know, are always wrong. That's one of the reasons why I almost always have a different opinion than the crowd. Because the crowd reacts from their emotions - greed and fear to be exact. When were they right?
One author said a while ago, for example, that you can not make money in this market because the price is no longer rising. Later, he recommended people to trade in traditional markets. The first thing I thought was that the bottom can not be far away from here. It's exactly these people who will afterwards buy out of greed and fear again. If it's going one-way for a long time, they'll find it okay, but once the market corrects, they have problems and blame others.
In conclusion, I have decided to buy in these areas, no matter how far we should go down. If the price continues to go down, then I buy more. The reason is quite simple: I'm doing exactly the opposite of what the mass does. While the crowd is trying to get the perfect buy point, I'm protecting myself from missing a bull run. And when I've learned one thing, it's that you can only make money at trading if you're doing the opposite of others.
In the end, it's not about who was right. It's about who made money. I am sure, with greed and fear you can not make money!
Thank you for reading, I wish you a nice day!
For those who do not know me, here are a few bitcoin and altcoin trades from before:
Комментарий:
A break of $3450 would mostly mean that a new low is coming at around $2k area. If that happens I will buy more.
Комментарий:
If you have listened to me, then you have made more than +50% with Bitcoin. Think like an investor and don't be greedy! I think today you would not care if you bought at $300 or $170 in late 2014. The most important thing is you have bought and didn't miss the big opportunity!
''To all optimists: We will not reach a new all time high this year. We will continue to correct and we will most likely break the $6,000. This is what a correction looks like in every market.
All this will continue until people (perma bulls) have no money available or no desire to market. Anyone who says my predictions are wrong and you're just dreaming, will lose all his money. I will stay bearish until others are bullish'' (22 May 2018)
Hereby I do not want to show that I was right, but that you should never listen to the opinion of the crowd. The insults of the people at the time was the best confirmation for me to remain bearish. Anyone who used to be wrong and lost money now has the chance to do better and learn from his mistakes. Learning from his mistakes is better than any money in the world.