Talking to people about bitcoin this christmas and calming the fears of large market drops.

in #bitcoin7 years ago (edited)

Over the past year now I have been learning crypto and day trading. I wanted to share this new found love with everyone I know. As this year has started coming to a close I have noticed that the people I have gotten into crypto have been very responsive to the ins and outs of it all. Im a big fan of Carter Thomas's youtube channel and how he teaches the "meta and dopamine" effect of the markets. Having struggled like most do when you start trading the FOMO and FUD really bothered me at first. Being desperate to make what little I had invested work I found the only true way to keep the fear out of a trade was by learning from people that have been through this in the past. 1.jpg

Since I have started listening to the coinmastery youtube channel I have started to channel my inner zen trader if that is such a thing. https://www.youtube.com/channel/UC4nXWTjZqK4bv7feoRntSog

You can learn how to trade by studying every book about Candles,Wyckoff,Fibonacci,Ichimoku clouds,game theory and everything in between. It has all done me well and would recommend the study of all the above for sure. But what has made me a MUCH better trader has been understanding the markets dopamine levels and the deep meta behind the manipulations. Calming my own personal fears to an almost non existent level. We are all attracted to crypto for one reason or another and I had a dual reason for jumping in head first in Dec 2016. I wanted to first secure a financial future for myself and my son. Secondly the original Satoshi Nakamoto white paper made me realize one day we WILL no longer count on centralized banks to "manage and manipulate" our money.

I have gotten A LOT of DM's about this last dip we are facing now with bitcoin and all the alt markets. And having that fear from friends and family does bear some added weight to my shoulders. Call it guilt call it responsibility or whatever I want EVERYONE to feel secure and happy about their BTC and ALT purchases. So I channel my inner Carter Thomas and tell everyone the same thing. Dont worry, or panic just HODL and think long term. Then I posted this picture reminding everyone this happens often in the crypto markets and in the end you WILL be a winner.
12.jpg

Sort:  

Great post love seeing appreciation and thanks giving to someone like Carter Thomas. You're right he does his best to be a calming voice which is desperately needed amidst the chaos of crypto.

I listen to him. I trust him. I respect him. More people should watch him.

Carter if you're seeing this thank you.

Upvoted and resteemed.

This is exactly what I have done, forget about short term view, and glance the long one. If we think of the markets, what else could be out there to offer this much of possible return and excitement!

Exactly brother. Keep the fear out of your mind and you will become a better trader/HODL'r for sure.

Coin Marketplace

STEEM 0.18
TRX 0.13
JST 0.029
BTC 57685.75
ETH 3161.06
USDT 1.00
SBD 2.27