Let’s be honest, the reason that crypto cycles are so similar is precisely because crypto directly absorbs the market sentiment, free from obstructions, regulations, operating hours, government intervention and so much more.
Fear and greed are very powerful emotions, and the stakes make them all the more influential. Yet boredom is the true retail-killer, as even those who have mastered their fear and greed succumb to the desire to act, even when inaction would be far more profitable.
Most market participants are slaves to their emotions … they sell when prices drop and fear takes over. They buy when prices rise and greed takes over. They trade and fiddle when patience is key. Those emotional market participants are like the resources in a PVP game. They are farmed by those who control their emotions and invest with a contrarian mindset.
Make no mistake, crypto is the ultimate PVP game. Most are terrible at it, but the few who master their emotions will harvest those that do not.
Good luck out there, and see you on the next one!
Sovereign Crypto (aka RickyBobby)
I release regular altcoin and crypto updates, subscribe for more info and to keep up to date!
✅Cross Chain Swaps & Bridge: RocketX Exchange
Best rates by far, bridge/swap ANY chain, swap/bridge in a single transaction, CEX & DEX, no KYC. 20% OFF Fees with code
✅Browser Wallet: (Metamask alternative): Rabby Wallet
Excellent security measures, very compatible, all EVM chains, built-in swaps and approvals checker.
✅Portfolio Tracker and Toolset: Nexus
Free version or premium version, best token & NFT tracker on the market, launchpad allocations, private sale tracker, research tools, etc.
Disclosures:
- I own or am accumulating the above mentioned tokens/investments.
- Not financial advice.
- I rebalance my portfolio occasionally and the above may change from time to time.
#Calm #HODL #Peak #fear #peak #opportunity #Sovereign #Crypto #Coinmonks #Sep