Why I love this market...

Until last year, when I invested in cryptocurrencies, I have never ever invested any of my money in any asset, stocks or anything related. It is my first attempt to make money work for me and also the first time I took this kind of a risk as I really believe the famous quote of investing what you can afford to lose.

Although I was "inspired" to put my money on cryptos when everything was too hyped and done my first and probably worst trades I don't regret anything. It's almost a year since I heard about Bitcoin, blocchain and cryptocurrencies and just about a half since I begun believing in them and investing some of my hard earned money in such coins.

Considering that I had the worst entrance that one could imagine it is obvious also that not only that I lost temporary some of the money invested, which I recovered in March thanks to ETC's hard fork, but haven't took any profit yet so I'm somehow a bit stressed out about the situation, but excited at the same time. I have to admit that I had some ROI expectations that are...still expectations.

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What I love though about the crypto market is studying how people "function" around it and how they react to almost anything. Don't want to make myself an image of a stone confident man, but I almost don't feel anything when prices go down and I also have the feeling they will go even more as the way I see it there's a lot of scared and insecure ones in the market that only want to get rich over night. And that's simply the thing they sleep through their fingers.

For these ones, any bad news is a selling trigger and any good news is a buying one. It's all about emotions and nothing more. Just read a headline from Bloomber Crypto stating that Ether jumped after a top official at the US SEC said ETH trades are not subject to federal securities laws. After that it's obvious that not only ETH jumped in price, as usually the hype embraces almost all coins, but it's also easy to see how easy markets can be manipulated with just a few news. Such techniques determine a lot people to dump their coins at shitty prices following "bad ones" just to buy them at higher prices later when the waters are clear and they can sense the "bullish sentiment".

After all, it doesn't matter how many conferences will they participate to or watch on youtube, how many Tai Lopez or other public figure Bitcoin classes will they take, it is all about EMOTIONS and nothing more in their trading and investing decisions. For the majority of course. There are also whales and smart traders around, but I don't see them buying and selling on Bloomberg's "tips".

Bottom line I can only say that I'm loving this market and its free circus and don't regret a penny invested in it even if BTC price will go to a dollar tomorrow. I know it will recover and I also know that it's a bit painful to learn the lessons with the price of some good hard money, but it's even better to learn them in time and not forget them to easy. I'm amazed how strong my hands have become in just half a year.

Thanks for your attention,
Ace