Bitcoin - Getting It Right & Understanding The Crypto Market
So What Does It Take?
Something that I have become very much aware of in recent times, is the unwillingness of Noobs to actually do their own research. Many arrive on Crypto-based social media platforms in the hopes of gaining some Free Crypto. Whenever an earning opportunity is mentioned, the replies start popping up. I saw this quite noticeably with the recent rise of XTM and Torum. Replies such as, "I don't have XTM, how get XTM?". How can someone hope to succeed in this market if they are not even prepared to go to a particular site and find out how it works? This is something that many of us do on a continual basis, even a daily basis. That is how we get in early and begin taking advantage of the numerous opportunities that are in abundance within the Crypto space.
This excludes market analysis, chart analysis, on-chain analysis, sentiment, and news releases. For some strange reason, so many people believe that success can be secured by what someone tells you, rather than what you actually do. There are times when I don't get to create content that often because I am immersed in research. Whether it be trying to identify micro-cap gems or trading analysis.
So to answer my own question, this is what it takes. I just posted "Bitcoin – Don’t Fall For The Distraction" on my official blog. One of the topics mentioned is how whales prey on ignorance, as well as clueless investors. Whales move the price without actually affecting the long-term trend. They terrify the "paper hands" and accumulate more coins at a hefty discount.
What Empowers This Dynamic?
Plain and simple lazy ignorance is all that is required for these whales to keep on keeping on. I address how the only way you, as an investor, will succeed is to become knowledgeable and disciplined. If you are not prepared to be disciplined, then don't expect to see significant returns. This is the reality! Markets are battlegrounds, not playgrounds with candy hidden in undisclosed places. This is not a treasure hunt, you are at war and if you don't grasp this reality, your enemy will defeat you!
The market endeavors to take as much money from the majority of the market as often as possible, plain and simple. When traders refer to "blood on the streets", they are referring to the blood of the clueless. The whales and smart money are only enduring a temporary setback, they will be in a much stronger position in a very short matter of time.
How you choose to approach this market will either become your victory or your demise.
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
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