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RE: How much "crypto" knowledge do you need?
Mastering emotions is important. Especially when it is very likely that all our actions are triggered by emotions, even if there is some logical justification behind.
Emotions should not run our decisions (especially in investments), but we should be aware that they trigger our actions. An analysis doesn't make you buy or sell, an emotion likely does. You may feel cautious, fearful, or greedy, for example. That's why you push the button. The feeling may come without a clear reason (a sentiment or you got influenced), or it may have a logical argument behind.
We may be able to train ourselves not to react to first impulses, but eventually we likely need an emotion to make us push the button.
0E-8 BEE
You're right. Emotions triggers us to sell and not really the analysis or the knowledge or predictions. If I come out of this cycle unscathe with at least 70% of my predictions correct, I would have learned so much and gained much too. My hands are folded. For me, I think when my plans for this cycle works, it'll take away every form of impulsive sentiments for subsequent cycles
Wow, you are aiming high at 70%! Very few can manage that, at least in the short term. Although, the longer the term, the easier it is to be right in your prediction, at least in crypto. Let's see if alts will end up disappointing us this cycle or pull a fantastic finish. Otherwise, for the medium-long term, it's difficult not to be right in crypto, after a while, if you pay attention, and don't take impulsive actions.