**How Investment Psychology Shapes the Bitcoin Price**
By Michaelson Williams, TSX, author of YOU ARE ILLUMINATI, Trainwashing: The Secrets of Positive Brain Washing, True Success Naturally, The Legacy Wife, and more...
One thing I've always hated about Bitcoin is its dominance over all crypto markets and how, when it falls, everything falls with it. Now, this isn't uncommon in the investment space because fear is a huge contagion in investment psychology, and no one wants to be the last off a sinking ship. This is why investment domino effects exist and why markets respond to the people-energy around them. It's also why whales are able to control investment markets so well. Strike a bit of fear in the people who possess an investment psychology rooted mostly in lack, and you can control buying and selling habits.
Investing is about human psychology, as I've said many times before in other articles, and that psychology makes most of us very predictable. Most people invest like losers, and very few invest like winners. It's funny because if most people invested like they only had a month left to live, they would likely make more money in that month than they made at any one point in their lives. Even as I look back at my opening statement and self-analyze, I notice some lack language. "One thing I've always hated about Bitcoin." I inadvertently used the word "hated," which isn't abundance psychology.
If I can use a word like "hated" in my writing, it's a signal that even as a student of psychology, my own unconscious still holds on to some fear about Bitcoin price action. More importantly, my psychology tells me that the Bitcoin price negatively affects the price action of altcoins. It doesn't matter much whether it's true or not—which it is. Bitcoin affects the price of all other cryptocurrencies. What matters most is how my mind, and yours—the reader, the crypto investor—views the crypto investment market. This perception dictates the moves you make, when you buy, when you sell, and every emotion surrounding each crypto investment action.
Listen, we're all human on this planet—well, at least most of us... wink, wink—so our fears around loss and even lack, for most of us, are primitive. However, there are two sides to every coin, which means we all have a primitive abundance point that we can access. Somewhere along the lifeline of many, if not most people, the abundance thinking, and more importantly the abundance feeling, was lost. If you, the reader, can, try to locate that exact time in your life, right down to the second, and while revisiting that moment, change the feelings you had from lack to abundance. Rewrite the story from that point on. The mind doesn't know the difference if the belief is pushed far enough onto the new abundance track.
Bitcoin doesn't care what we as investors think about it. It can't. The Bitcoin price is a mirror of our collective investment psychology, and that collective psychology dictates the Bitcoin price. It's pretty funny if you think about it. We are all in an investment fun house of mirrors, with most of us harboring fears about breaking the glass. Collectively, crypto investors should be laughing and playing together, but instead we run around the crypto investment space in fear. Why aren't you having fun?
I know my analogies may not be for everyone, but they aren't supposed to be. I write to try and unlock your unconscious mind through a trigger in the conscious mind. This will work for some and not for others, but it's here if you can use it. The idea is to have you gamify your crypto investment strategy so you, the reader, are able to stress less and have more fun in the crypto space.
Ask yourself, when was the last time you felt truly excited about your crypto investment holdings? Has it been a while? In the end, what does it matter? You can't take crypto with you when you die, and if we get to do it again—somehow—you'll do better in the game next time.
So have fun!
Written by Michaelson Williams
Creator of The MichaelsonEffect
Author of YOU ARE ILLUMINATI - Psychological World War III
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