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RE: Weak Hands In Crypto: The Psychology Of Risk & Sacrifice

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@fokusnow
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Risks, sacrifices and the different psychologies of profit and loss. Thats how I will surmaarise this great piece in one sentence. Responding to more specific lines though..

so they'll rather take losses, than show a little bit of resilience, and when the bull market begins to eclipse the bear, this is when they begin to invest again

One thing I learned early in my crypto journey is to have a longer term perspective, but still stay conscious or taking profit when I should. Being a little greedy when for example, one has done 200% profit on a particular crypto almost always leads to disaster.

The possibilities of loss are inevitable, but weak hands are wired differently.

Yes, for them loss does not exist. So when the reality bites, they rush into a decision they will definitely regret. They are not just wired long-term.

Weak hands will forever be part of crypto

Sure. And funnily enough, they are usually the ones to inadvertently provide liquidity by selling off for a loss in a bad market, which turns to be profit for the guys that are here to stay.

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