I WAS THINKING.. 🤔 If everyone negotiated based on what they see, why do they still make so many mistakes?? The Study led me to this 👇🏼
Error persistence occurs for several scientific and psychological reasons:
*Confirmation Bias* Natural tendency to seek, interpret and remember information in a way that confirms your own beliefs, ignoring or underestimating information that contradicts your opinions. This leads someone to persist in an error because they are more likely to find and accept information that confirms their initial view.
*Inflexible Cognition* In some situations, individuals may have difficulty revising their beliefs or changing their minds due to inflexible thinking patterns or cognitive rigidity. This occurs due to a lack of critical thinking skills or little exposure to new information.
*Cognitive Dissonance* The psychological discomfort that occurs when there is an inconsistency between a person's beliefs, attitudes or behaviors. To reduce, individuals may cling to their original beliefs, even if there is evidence to the contrary, in order to maintain a sense of internal coherence.
*Social Influences* Group pressure or the influence of authority figures can lead individuals to maintain their opinions even in the face of contrary evidence. This may be due to a desire to belong to a group or a fear of being seen as ignorant or incompetent.
*Positive Reinforcement* If someone has been rewarded for their beliefs or actions in the past, they may continue to behave in the same way, even if subsequent evidence suggests they are wrong. Positive reinforcement can be empowering by wrongly associating a behavior with positive outcomes. These factors show that persistence in error is not just a matter of a lack of information, but is also deeply influenced by complex cognitive and social processes. $AXL #Binance
Medium-sized Investors took control of the rise of the currency $BLZ , see in the Money Flow analysis they (large size) selling taking advantage of the small rise in the currency of 0.2063 above, causing the majority of medium-sized investors to take the position. This type of analysis should always be observed in your decision making. #Binance
Money flow analysis revealed an increase in dip buying of $BLZ from 0.2063 to 0.2132. However, it was stagnant at 0.2063 proving that the analysis predicted the rise. Learn to analyze and profit. Profit already obtained from this small change
$BLZ This currency has been falling gradually throughout the period but today it suffered a bigger drop, what I noticed in my analyzes is the entry of approximately 3 million in less than 15 minutes. Going from a negative balance of -2.5 million to positive. Indicating strong buying on the dip. To check it out go to Trading Data, Money Flow Analysis, 15 minutes. Pay attention to the date and time of posting, the analyzes are constantly changing. #Binance
MANIPULATION in the context of cryptocurrencies can take many forms and present several significant dangers
⬇️ 🛡️ ⬇️ 🛡️ ⬇️
1. Pump and Dump Schemes: Schemes where prices are artificially inflated ("pump") through intensive influence, causing investors to buy, only for the manipulators to quickly sell ("dump"), leaving other investors with losses.
2. Whales: Large investors (also known as whales) who own a significant amount of a cryptocurrency can manipulate prices by strategically buying or selling large amounts to influence the market.
3. Fake News and Excessive Hype: The spread of false or exaggerated news can lead to unfounded price movements, manipulating less informed investors.
4. Exchange Manipulation: Cryptocurrency exchanges can be targets of manipulation, such as falsifying trading volume to attract investors or manipulating orders to create false market movements.
5. Vulnerabilities and Hacks: Manipulators can exploit vulnerabilities in trading platforms, smart contracts or wallets to manipulate prices or steal funds.
6. Insufficient Regulation: The lack of adequate regulation in some jurisdictions allows manipulators to operate without significant consequences, increasing the risk for investors.
To mitigate these dangers, investors should conduct rigorous research before investing, use reputable trading platforms, and be aware of the warning signs of manipulation.
• From following shadows, night will come and you will be alone. Listen, you need to study. • Thinking you're going to be a millionaire by doing what everyone else does. • Wanting to be everyone: same strategies, same concept, same currencies, etc. • Doing anything without a very well calculated and studied reason. • To follow whoever leads you, without saying why. • Thinking there are no risks. • Thinking that when the price drops it is because there was a loss. Real damage is when you withdraw in fear of falling. • Thinking that profit occurs after months, weeks or days. It happens all the time. • Thinking it's just profit. • Thinking that a fall is a loss. • Thinking that you will only win, losing is a lesson. • If you think it's just Binance, there are others in the same race. • If you think it's just you in the game, there are thousands. • Stop thinking that these teachings are all there is to it. • Stop thinking that the indication of some rising currencies means that it will always continue. You will probably see the coins in this post falling. The low shows buying and the high shows selling. That simple.
STOP CLOSING YOUR EYES AND OBSERVE EVERYTHING THAT OCCURS. WHAT I SAY MOST IS: WATCH! THIS MEANS: LOOK CAREFULLY, BE CAREFUL, WHAT IS THIS? WHAT IS THAT? HOW IT WORKS?
• From following shadows, night will come and you will be alone. Listen, you need to study. • Thinking you're going to be a millionaire by doing what everyone else does. • Wanting to be everyone: same strategies, same concept, same currencies, etc. • Doing anything without a very well calculated and studied reason. • To follow whoever leads you, without saying why. • Thinking there are no risks. • Thinking that when the price drops it is because there was a loss. Real damage is when you withdraw in fear of falling.
More than 50% of 'Binances' do not know about other financial investments, which makes them hasty in their decisions. Physical banks offer various investments and separate them into three risks:
1- Low (Profit of maximum 15% per year) but guaranteed to remain until the end.
2- Medium (Profit above 20% and below 50% per year) with a small risk of reaching a minimum of 20%. And a longer period of stay above 2.
Every cryptocurrency beginner usually thinks about some common things:
1. **Quick profits**: Many beginners enter the cryptocurrency market with the expectation of making quick profits due to volatility and reports of large gains.
2. **Ease of making money**: There is a perception that it is easy to make money trading cryptocurrencies, especially when there are news of people who have quickly become millionaires.
3. **Relying on Tips and Speculations**: Many beginners may rely on tips from friends, influencers or unverified sources on the internet to make investment decisions rather than conducting their own research.
4. **Ignore the risks**: Some newbies may underestimate the risks involved in the cryptocurrency market, including extreme volatility, security of platforms and wallets, and tax implications.
5. **Limited Understanding**: Beginners often have a superficial understanding of how cryptocurrencies work, the underlying blockchain technology, and the factors that influence prices.
6. **Focus on the short term**: Many beginners may be more interested in short-term profits than long-term investments, which can lead to impulsive and speculative decisions.
#Binance These perceptions are common due to the exciting and sometimes volatile nature of the cryptocurrency market. However, an informed and balanced approach, focusing on education and solid research, can help beginners navigate this environment more safely and effectively.
Wisdom in finance involves a set of principles and skills that allow intelligent and effective management of financial resources. #Binance **Financial Planning:** It consists of establishing clear financial goals and creating a plan to achieve them. #bitcoin
**Budget and Expense Control:** Knowing how to spend your money in a conscious and planned way is crucial. Good expense control helps you avoid excessive debt and allows you to save for the future. #defi
**Risk Management:** Understand the different types of financial risks and know how to mitigate them through investment diversification #ethereum
**Financial Education:** Being well informed about basic financial concepts, investment products and strategies is essential to make informed decisions. #solana
**Prudent Investments:** Choose investments aligned with your financial objectives and risk tolerance, seeking a balance between return and security.
**Ethics and Responsibility:** Act ethically and responsibly in all financial transactions, avoiding risky or unethical behavior that could compromise financial stability.
**Adaptation and Continuous Learning:** Be open to changes in the financial market and continue learning throughout your life to adjust your strategies as necessary.
Wisdom in finance is not just limited to accumulating wealth, but also to properly managing financial resources to achieve lasting and sustainable financial security.
Investing in cryptocurrencies can be exciting but also challenging for beginners. Here's a basic guide to get started:
#Binance 1. **Basic education**: Understand what cryptocurrencies are, how blockchain works and the technology behind them. #ethereum 2. **Platform Choice**: Choose a reliable trading platform to buy and sell cryptocurrencies. #defi 3. **Security**: Keep your cryptocurrencies safe. Use two-factor authentication (2FA) and secure hardware wallets for long-term storage.
4. **Diversification**: Don't put all your resources in a single cryptocurrency. Diversify your portfolio to reduce risk.
5. **Research**: Before investing, research the cryptocurrencies you are interested in. Consider the technology, development team, use cases, among other factors.
6. **Volatility**: Be aware of the high volatility of the cryptocurrency market. Prices can change quickly.
7. **Stay informed**: Follow cryptocurrency market news and trends to make informed decisions.
8. **Initial investment**: Start with an amount you are comfortable risking. Don't invest more than you can afford to lose.
9. **Taxes**: Check tax obligations related to cryptocurrencies in your jurisdiction.
10. **Patience and discipline**: As with any investment, be patient and disciplined. Don't get carried away by emotions or short-term market movements.
Following these basic steps can help you get started in the world of cryptocurrencies with more confidence and security.
😂😂😂 These Bitcoin gurus are very smart, they are slowly withdrawing their profits so the fall is slow and weak. Making minors believe that it is just a variation and buying it. Holding the fall even more. What's funny is seeing posts about small sands warning of the fall. On my profile I have a post warning about the fall of Bitcoin months ago. It will fall to the point where no one will believe it was predicted. #bitcoin What was the top of Bitcoin again? Look at the graphs and see the difference now. #Binance
We are approaching the best period, the buying period. The rule is the same as before. Never buy high. This is the moment to see if it will fall further or go back up. I'm not talking about small climbs but big ones. Look at the graphs SMALL FALLS - SMALL INCREASES this occurs at all times. But... BIG FALLS - BIG RISES are unique moments.
Observe the market in general. Look at the biggest currencies. Look at the coins of big investors. Observe the movements, the news, the feelings, observe the talk and the intentions behind it, just observe.
My type of investment is low and I don't worry that much about the above (stupid for you to think like that). Everything that goes down goes up, everything that goes up comes down. But knowing how to invest in little gives you confidence for large investments. Knowing the exact time is impossible but the approximate time is possible. Example: buy at 0.10 usd, fall at 0.01 you must observe whether it will continue to fall or will this fall be 10 times smaller, there are charts for this and others. It is very likely that those who invested at 0.10 usd will buy at that value and those who did not buy and were watching the graph of that currency will buy at that value or wait a little longer. They use fall and rise alert to warn them. current 0.01 usd fall 0.0099 usd rise to 0.025, so it works. It dropped by 10%, I'm going to buy it, and then you realize that after your purchase it dropped another 100%, you need to observe everything before purchasing.
Newly launched IO Token is the only one that is growing in New Listings. This is due to the fact that several currencies have fallen recently. She's the only one who's shining right now. Those who lost are in battle too. $IO #Binance
Hello players, I hope you are doing well in your graph reading studies. For today we will study the graph in the interval of 1m: 1minute. If you are new, welcome and this study is number 2, you need to do the previous study with fundamental tips. See this example of a downward forecast at the position of 0.00001490 rising to the base 0.00001520 an increase of just 0.00000030 cents. Very little but with millions invested it means big gains and many operate this way following 5 minute and even minute patterns. You should never trade without knowing how much you purchased for. A great tip for those who are just starting out and have little is: Know the amount you are investing. Example: 20 of each coin, 50 of each coin and 100 of each coin. This way, any increase above your investment will be your profit. The drop is absolutely normal and if you want to make a profit in the short term, learn to be patient. An example meme coin is Pepe at its peak around 05/28/2024. Don't rush to invest, study for a week each interval, find the best prediction logic. Always keep track of previous days through past studies. #Binance #bitcoin #pepecoin🐸 #iniciantes #estudo $BNB
Look in the photo in the top right corner, two arrows facing each other (next to the time) these arrows are on the simple size chart in another position. Every time you click on the currency the small and simple size graph will appear. The first tip in this chart reading study is this: enlarge its size and study the chart in different candles (candles are part of the chart, they are positioning the value of the currency downwards-red and upwards-green) in different candles refer to to the measurement time as shown in the image ➡️ 5m, 30m, 1h, 4h, 1D. You need to understand the graph in different measurements. Players often operate on 5m, 15m and other charts. Sometimes to an analysis or definition, prediction. Just observe and you will find a logic between them. There are other measurements of a more complete history of the currency such as: 1M= 1 month.. #Binance #estudo #iniciantes pepe is the example coin.