Don't Panic About The Pandemic
The crypto trading market is not favoring the small investor once again with this Covid-19 pandemic news going around. Don't let it get you down and more importantly lost in emotional trading. For the past several months a large part of the crypto market was completely frozen and declined due to the pandemic pandemonium. The entire ordeal seems like a bleak never ending landslide headed right for the toilet. I watched my earnings drop like a sender-block tied to the legs of a dead man who had just been taken out by the Mob. The market was now in a panic over a news blast of a pandemic. The exacerbated emotional trading had taken affect and now the out of control selling had began. This is something that I really don't like about the trading market. Every bit of news whether good or bad often triggers out of control investment decision making.
Then I got to thinking... Just hold the line. That's exactly what new crypto currency traders who can afford to stay in the game should be doing. Holding The Line... Most investment market are experiencing lows at this time and only the really big guys are winning. When I say “really big guys” I mean the Amazon's of the world. Because of the buying habit's of the public and people not being more self-sufficient the business Giant's will never be killed. But I digress... You know what else will never die due to the predictability of investment market movement? Crypto. So all of you small trader's out there “hold the line” and keep a level head about your trading. What goes down must come up again.
Don't trade with an End Of The World psychology. It's a good idea to trade like you're looking out for generations to come. Panic trading leads to bad decision making and huge loses that can happen very quickly. The market will rally again and you'll be back in the green in no time at all. Currently BTC is coming back and as the news shift from bad to good about the pandemic the crypto markets should be right back to normal. There are some things that we should all be aware of about this pandemic news. It's changing the world and how we think about everything. As we mask up to protect ourselves from spreading the virus whether it's serious or not, our psychology is changing about interactions with others.
Think about it... It is absolute plausible that passing around paper money and coin will be looked upon as less favorable, and even dangerous at some point. You don't have to be a brain surgeon to know that full implementation of digital currency as primary trade for goods and services will be the next step in the process. “Mark of the Beast” tracking chips or not, without the ability to buy basic necessities some people will be in big trouble. This means a couple of things for sure. If you cannot make purchases with paper money you'd better be great at bartering. The other is, those who made the investment in learning how to trade digital money early and to trade long term are ahead of the game. Because we have to exchange goods and services to survive, and man is not likely to go backwards to the stone age, there is only the future. So that's where we should be looking towards when thinking about how money will be moved for tradable goods and services.
When this crisis is over there will likely be another and another after that. I'm not trying to be a Debbie Downer but the fact is there is amount always a crisis or near crisis in the world. The news will almost always focus on the downside because that's how they get higher ratings. But despite the news there is always an almost predictable upside to every situation. Those who are wise enough to follow the up trends will win and win big, while those who focus solely on the downside will most likely lose. I know the lack of technical how to make money trading digital currency is not evident here in this article, but I'm trying to bring a more concrete value. The value I'm offering here is the psychology of predictable digital money futures. I felt like this will be more beneficial for both new and seasoned traders.
In closing, stay the course. Believe in the future of digital currency and how it will move into your hands. Know that the world is changing and will continue to do so, no matter what new crisis comes forward or passes us by. Know the past. Money has been used for millennia to purchase goods and services so there is no reason for that aspect of life to change now. Know the future. While we cannot completely predict the future there are always signs that can be followed to guide the way. There is no reason to think that digital money will not stay the course for purchasing goods and services in the future. Therefore, those who can avoid the pitfalls of emotional trading and can read the signs will come out on top. I hope that you are one of these people.
Author: Michaelson Williams
Editor-in-Chief at MMAP Magazine
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