“The markets can stay irrational longer than you can stay Solvent” — John Maynard Keynes *** Please Understand *** This is one mans framework for understanding the nature of trading crypto; built on years of experience, great success & painful failure. This is not a course on how to trade. These are guidelines intended to help you understand how to navigate the internal demons that will arise in your decision making process. Following these guidelines will NOT guarantee profits nor will they guarantee protection. Ultimately you must develop your own trading strategies & learn how to masterfully navigate your own emotions. Only you can control your decisions; only you are responsible. High speed, High volatility, High risk… High reward? Welcome to the wild world of cryptocurrency; where wash-trading is commonplace & headlines of fantastic wealth being made overnight are constantly deluding people from the truth... The landscape of crypto trading is constantly evo...
The longer that you are in the Bitcoin market, there is something that you will begin to notice. While prices are going up, everyone becomes overly bullish, and also overly bearish while prices are dropping. The last two years have been great examples of this. In 2021 after Tesla had announced it bought Bitcoin, the FOMO in the market was through the roof. At the time, Bitcoin’s price was just under $40k, but in the weeks to follow would rise all the way up to $64k. Experts and analysts were claiming that this was only the beginning. If you made price predictions for it only reaching $100k, this was considered to be a bearish take. Instead, there were predictions for $200k,$300k, $500k, and even higher. An idea called the Bitcoin Super Cycle even began to become popular. As we now know, Bitcoin wouldn’t even reach the lowest of those predictions. On the flip side, when the market turns bearish analysts claim that this is the end for Bitcoin. That was the mood in the market in the...