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Crypto tokens reinforce speculative behavior by introducing the money aspect to it.
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hmalviya9
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No matter how much money you make in crypto, it’s destructive for your mind, and if you are like you will handle the mind after you make millions, then that’s the biggest lie you are telling yourself every day. Don’t forget you have a life outside crypto, which is more volatile than candlesticks, and you can’t really have a stop loss too. Only thing you could do is to be aware about the situation, whatever it is, and awareness will only come when you start to reflect. Once your mind is stuck in reactive loops, it will explode in those times when you really need to show patience. Take breaks from charts whenever you can. Don’t force yourself to trades. Practice mindfulness techniques. Just be aware.
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In your mind, you must be like: “I will exit with profits on time whenever I see my folio going up.” You always thought like that, but you never acted? Higher chances that you'll repeat the same mistakes again. Let’s talk about the psychological trap in a BULL CYCLE 🧵
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Your mind would love to bet on AI. Promising. Potential future Gains. More Thrill. Your Intellect would love to bet on DeFi. Stability. Data. Confidence Listen to your intellect but don’t reject ideas of the mind. Just make sure you balance it out with reasoning.
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When you look inside the shared crypto space, you feel like you are running out of time, and you’ve already missed so many things, and that puts you in a vulnerable position where reactions take the lead, increasing the chances of going just by the impression you collect from the crowd. And the whole crowd is also following the same mindset - they all have different exit points in mind, but when the price goes up, more people join the crowd, which keeps pushing exit points even for those participants who are already miles ahead of their original targets. And that’s the point where you actually get caught in a trap, where the outcome would be nothing but a memory of loss, which would haunt you for some time.
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$AO is like $ICP with no VCs at a 39x valuation gap. We did a long report on it last month at @dyorcryptoapp. @aoTheComputer : We need DEX Listing.
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