Subtitle: Bitcoin Price Declines: Why Experienced Crypto Investors Don't Panic
By Michaelson Williams, TSX, author of YOU ARE ILLUMINATI, Trainwashing: The Secrets of Positive Brain Washing, True Success Naturally, The Legacy Wife, and more...
Never worry too much about the small dips in the crypto markets, as they usually don't indicate that anything out of the ordinary is happening. However, continuous declines can be a sign that something big is on the horizon—something no crypto investor wants to look forward to.
Bitcoin moving from over $126K to under $63K is one of those events that investors may want to take a closer look at. Of course, wars around the world have a huge effect on all trading markets—not just crypto, but also oil, housing, food, steel, not to mention gold, silver, platinum, and more.
This is when crypto investors' ears should be perking up, and they should be looking at what these other markets are doing. This doesn't mean looking at other markets for cues that will increase fear around your personal investments, but instead looking at them as markers for what may be coming down the pipe.
All investing is about the psychology of the individual and whether that person stands on a solid investment mindset or a shaky one. Most larger investors have at least a bit of market insight through close friends or knowledgeable family members. This doesn't mean they are breaking the law through insider trading. It's more like getting a small heads-up on a possible future opportunity in the investment space.
Early investors in Bitcoin would be a good example, as there were more than a few people saying that one day this cryptocurrency stuff was going to be big. Even though most people didn't know or understand what others were talking about regarding Bitcoin, those who trusted their instincts and moved forward won—and won big.
My point: People who take risks without full understanding can win big or lose big, but those who don't risk anything can't win anything. In addition, it is the psychology a person maintains over time while in the investment space that largely determines whether they are successful or not.
I believe that fear equals loss, while on the other side of the coin, bravery coupled with a bit of craziness—meaning not following what the masses are doing—can lead to great rewards in crypto investing, investing in general, and in life.
Written by Michaelson Williams
Creator of The MichaelsonEffect
Author of YOU ARE ILLUMINATI - Psychological World War III
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