Crypto Cheat Sheet Is Only a Guide
I think the biggest take from this chart is to understand that there is such a thing as a Crypto cycle. How many of us with me included had no idea that there was such a cycle that plays out in such away.
Come to think of this I wish I had paid attention and known about this before I entered the Crypto space as it would have changed my thinking and strategy. There is so much to learn and one does need a complete cycle to take it all in just to be able to benefit from the knowledge gained over that time.
Many learn the hard way by listening and following Crypto influencers on social media until they realise they are of no help at all. This is everyone for themselves in a sink or swim situation as all they want is your money to be able to dump their coins on and is one big con.
I found this article after I had written my post today and they could be right or way off as I have no clue exactly where we are right now. I still believe we haven't reached anger just yet as we may still see some more downside.
When you have money to trade the first time out you will most likely lose most of it as it is as not as simple as it sounds. It is difficult to see where we are on the chart as everyone has their own opinions as one should only see this as a rough guide being aware of what is possible at certain points in the cycle.
Over time as Crypto matures I suspect the cheat chart will change accordingly as the volatility will lose it's power. The 4 year cycle will surely drop down in time frames as more money enters the crypto space. the cycle may still be valid, but the time frames will be altered as human nature with fear and greed is real and will never change which does fuel the market up or down depending on sentiment.
If one can take the emotions out of trading like we should do in business the results achieved will be far better. We tend to take things personally instead of seeing it as just an investment and why our bags grow when possibly they shouldn't. Obviously there are projects that require staking in order to earn and why attachments do happen.
Investments like Hive are in a different category to all the others as it is more than just an investment as it becomes a way of life. Crypto is changing all the time so one can never stop learning when you already think you know it all. Paying attention is the key to success which many don't get and why so many fail.
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I realized a long time ago that no one really knows what they are talking about, so I don't even try to guess anymore. It is a pointless exercise. You just have to be patient and wait. Nothing is set in stone.
Very true as it is a lucky guessing game.
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I would definetly not listen to crypto influencers that are on TikTok, talking about the next "moon" coin. I think these are clear scams if you ask me. I think there would be some usecases of trading crypto and using the volatility but for this you really need to be emotionless or very exeprienced. Because I am neither of those I chose the buy and hold tactic. I think Hive will be a great investment in the future! :)
I refused the whole year of 2021 to believe the crypto markets are still bounded to the four-year cycles. The market itself proved me wrong...
With that knowledge now you should be able to print money.
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