Are You Too Optimistic Or Pessimistic In Crypto?

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In a bull market, you usually see positive news. People talk about how crypto is going to change everything. There are new projects coming out promising to deliver something.

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Having positive vibes in the market, some people invest in those projects without doing enough analysis and research. The crypto market changes its color eventually, and we see a downtrend. Those projects are doing pretty bad at that time. People lose their hard-earned money.

Losing money, some people think crypto is nothing but a scam. There is no future in crypto. When people stay in two extreme opposite positions, they may not see what's actually happening. Do your analysis properly without getting biased, then come to a conclusion. If you make your decision based on that, you can do better.

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Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about lifestyle, finance, martial arts, and digital marketing. I'm glad to meet amazing people all over the world.

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5 comments
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People tend to just FOMO in and they feel safe when prices are high. This changes when prices go down and I have noticed this a lot with regard to Splinterlands. I tend to be more optimistic about things because I prefer to buy things that I can hold long term.

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Because of FOMO, people usually make the wrong financial decision in crypto. Later, they become too pessimistic in crypto after losing money.

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The truth is that I do not like to enter all the projects , they appear and then claim to be hacked , mistrust invades me , I can not help it , unfortunately people even lose their lives in these projects , it is too complicated an issue and extremes are not good , better as you say, analyze and analyze

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You don't have to get in every projects. Some people feel that if they don't get into those projects, you will miss the big opportunity. Later, they realize they made the wrong decision.

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