In order to reach our goals and make a profit trading, we must understand the emotions of the market. With any market, but exemplified by the cryptocurrency market, we can see the emotions of the people having in impact on price spikes. When the market is going up and everything looks good, we are willing to buy as much as we can. When that new ICO is on the rise and we really don’t want to miss out, you get in late and get killed. Buying overvalued assets is a terrible mistake to make, and sadly, one of the most common.
Our brains handle losing money the same way our ancestors dealt with being attacked by a lion. Our brains go into panic mode whenever something isn’t going our way, this is why we have been able to survive all these years.
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