Is Up Good and Down Bad ?
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Is Up Good and Down Bad ?

By Sergei Nemetz | CryptoPsychology | 12 Sep 2020


Is BTC price falling down a bad thing?

No, it is not. Now substitute BTC with your favourite pseudo coin symbol.

It is a common misconception repeated endlessly on the net. And one that seems to affect crypto aficionados to a surprisingly large extent.

For are we here not preachers of the brave new world? Are we no better than the passe crowd dealing in shares, bonds and gold?

Dear fellow bloggers: if you think BTC / ETH / etc. price falling down is a bad thing, you have just declared your hoarding mindset.

You are long and the market is falling down. Sorry, folks: you should be short!

SELL SHORT.

And please stop repeating the nonsense of prices falling being a BAD THING.

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Sergei Nemetz
Sergei Nemetz

I am a professional trader and a licensed stock broker. I retired early to travel and follow my burning passions. When my travels and passions burned big holes in my pockets, I returned to trading. Today I trade mostly gold and digital pseudo assets.


CryptoPsychology
CryptoPsychology

Blog about psychology of trading blockchain assets.

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