In the process of studying cryptocurrency trading, let’s look at a rather important issue.
Since I don't know what will happen, I always end up using my own reasoning to convince myself when I see prices rise or fall.
Let’s take a look at the announcement made by pi in the early morning of the 17th. However, after the announcement was made, many people believed it was yet another useless announcement.
Here comes the question: what does useless mean?
In my observation, the logic behind considering something useless is based on the belief that there is no movement in price.
Thus, the same issue applies to BTC: investors always use the news they see as a direct reason for the price movements when they observe news appearing and see prices rising or falling.
However, in reality, most people are just randomly finding something to convince themselves, which often does not align with the actual reasons for the price fluctuations.
Let’s take a look at today’s early morning example of pi:
After the announcement was made by pct at dawn, the article mentioned to pay attention to whether buying pressure would appear after five o'clock.
Later on, at seven o'clock, there was a buying volume, but in fact, this turnover had started around six o'clock.
“Judgment” is not about finding an excuse to convince oneself after something happens, even using that excuse to convince others.
If one can let go of their opinions, subjectivity, and self-perception, and enhance their observation skills and abilities, then they would know something is about to happen before the buying pressure appears, rather than finding excuses after the fact.
Just like in the previous pi article, as long as it mentions pct will make an announcement, pct will definitely make an announcement. And there hasn't been a single error in dozens of times.
There is no medicine for regret in this world. Furthermore, investing is not about buying after a rise and feeling like one has made money. That is just an illusion.
How can one make money if they chase high prices and it doesn’t continue to rise?
#NFA (NFA, not investment advice)
