Psychology: Investment Strategy That Works!

Hello! Friends,
Here I come with the understanding that locked up within cryptocurrencies trading, knowing that your understanding will always determine your movement and direction. If you started crypto study like the way I started, one way or the other you must have lost so many cash when trying to follow the trading pathway. In fact, some are still not yet open to you until you find your way around what you want and why you want it.
I will leave you with some of the lessons you need to know if at all you want to invest in cryptocurrency. Follow me closely:

Point 1

Map Out A Strategy

At the beginning of your cryptocurrency journey, you must have heard about this statement or you yourself might have asked this question: Should I buy Bitcoin? I heard from someone that Bitcoin Investment is a good deal.
If this is the basis where you lay your foundation as far as cryptocurrency investment is concerned you are doomed to become failed investments.

Investing is not based on only whether is good or otherwise, there are much more thing attached to investing and until you get the understanding locked up within such investment you made be doing the wrong thing and lose at the end.

Note: Investment has two important things which are entry and exit strategy!
Your entry strategy is based on the information you gathered and your understanding around such information, then you need to map out your expectation which has to do with Risk, Timing, Amount To Invest and Your Growth.

Mistake: Many of us failed in many of our investment as a result of we follow people advice without confirming whether it's real. Also, some of us chase after the money and start pumping the project with our hard money without diligence in understanding the project.

Note: As you plan to invest in cryptocurrency, make a decision on what you willing to invest or risk. The amount of time and energy towards the project also needs to be decided and lastly, time-frame for the investment and your exit strategy must also be in place.

Point 2

Make A decision: What Type Of Investor Are I?

There is a place of personality in investment. One aspect of investment in cryptocurrency is Trading, this is an aspect I considered as a psychological aspect in crypto space though many of us to pay attention to this aspect you need to understand the position you are when dealing with cryptocurrency trading so that you will not end your investment in disaster.

Let's Consider Three Major Cryptocurrency Investors Grouping

• Daily Traders
  These are the people that continually watching and researching market 24/7 to buy and sell multiple times daily. This type of trading has high risk and intensity and it can also be traced to young guys. You need to understand your personality and if you don't have the mind don't just try it.

• Swing Traders
  This also follows daily trading only that it has less intensity. The coin or token invested is held for some time like two to three days or weeks before selling.

• Long-term Trading/Investors
  Here, the guys held there crypto for years even if the price rise shortly after there purchase they locked up and not looking at the token price until after 5 or 7 years. These are kind of people that allocated 1% of their diversified portfolio into cryptocurrency.

Now, you need to decide where you belong! As you are on this platform you are investing and you need to have a clear mind about the group you belong to.

Are You Asking Which Token/Coin To Buy?

It is not advisable for any crypto analyst to mention token or coin to buy but I will say this: Never Buy Shit Coins. You asked what is Shit Coins?
There are thousands of coins and tokens launched and just a few of them have intrinsic value. You discovered that a particular token or coin is going up and you quickly buy just because of your friend alerted you, it may be painful after some minutes or hours of purchase.

The shocking fact about shit coins is: Mostly All cryptocurrencies Are Shit Coins. You Are Asking What is not Shit When It Comes To cryptocurrency?

Not A Shit Coins Means Cryptocurrency With Intrinsic Value!

In this crypto space, investment is cool but watch where you are investing. Does the project has a specific and a well-defined market need? Does the project has a large and very supportive community? When you look at the roadmap and the developer's team do they have the ability to get thins done and do they have financial backing? You can only get the result of the question when you source for information and engage yourself in such a project before investing. This is beyond advice from your friend.

Many Steemit Engine Tribes Are In To Revive back Steemit Inc pass glory and when you look around each tribe, there are many of the team members already proven in their engagement, financial support, and customer support. Yes! all the steemit tribe token price is determined by the people within the system but again, you need to study the tribe you beyond and make good advantage of every information right there. It is not possible to be active in all tribes but it is possible to benefit from all bounty, discount, and dividend in a particular tribe if you pay attention to detail.

In conclusion, the general rule that guides cryptocurrency market can be a link to FOMO and FUD which is Fear of Missing Out & Fear, Uncertainty and Doubt. You must learn to make your personal opinions when it concerned trading just because cryptocurrency trading and investing is a psychological game, play it well for a good result.

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