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CRIPTHALTO CRIPTH 2017: CAUTION FOR TRADERS
-In 2017, the only tweet of the now famous pseudonym that wrote a fate for Bitcoin, falling from $ 19,666 to $ 2886. This event is often referred to as “rect” moment, which is the expression per face for those who have been the victim of trading errors.
** What caused Rect?
The collision was struck by a combination of factors. One of the main contributors was the over -reading of Hype and speculation. Many investors have bought the promise of Bitcoin “infinite value”. This phenomenon was known as “whale” psychology where large sums are invested
Another factor is the lack of regulation and transparency. The cryptography market did not have a clear guidance on security, supervision and municipal processes, making hacks, phishing attacks and other forms of financial exploitation vulnerable.
Lesson of Rect: Don’t follow Hype -T
So what can we learn from Rect? Here are some of the key to taking away:
- Diversification is essential for the management of the risk and reducing the effects of market fluctuations.
- Remember that no one can certainly predict the future.
- Do not chase profit at all costs : stop chase yields by investing in assets that do not meet risk tolerance and financial goals. Here comes the emotions; A tool, just to later notice that you are wrong.
- Focus on the basics : Understand the mechanics underlying the asset and its potential risks before investing. Rely solely on your hype or marketing needs.
The heritage of the rect
The collapse of 2017 served as the alarm calls of many investors. He highlighted the importance of the following:
- Risk Management : Investors must be prepared to accept losses and have the risk to manage the risk.
2.
- Education of itself
: The investment of cryptocurrency requires continuous learning and research. Be informed, but not just hype or speculation.
Conclusion
The rect serves as a cautious fairy tale for all trader. It reminds us that the cryptocurrency trade has a high risk, high-risk, and must be approved by a clear understanding of the market and our own risk tolerance. By
More sources:
* “The Bitcoin Bible”, Andreas Antonopoulos
: A comprehensive guide to the investment and trade of cryptocurrency.
* “Trading in cryptocurrency”, Michael Saylor : Insight into the world of cryptocurrency investment and market trends.
Remember, in Tim Ferriss, “You don’t have to be great.” Don’t just dream of becoming big; Take steps, learn
