Hey guys E55 here,
do you know that when ‘experts’ in media or social networks say that the 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 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 and altcoin trades from before:
Published at Sat, 12 Jan 2019 12:02:11 +0000
