By edicted on Skatehive
Market psychology is very important Even if we refuse to trade and prefer to HODL for dear life, the often irrational emotions that continually rampage through the four year cycles in crypto is nothing short but legendary. In fact, it is exponentially more pronounced than the stock market, which is the environment that this chart was created for in the first place. Regardless of any of this, hodling itself is a skill the requires the mastery of this full spectrum of emotions... if only to stop us from becoming paper hands. Why is this? Because crypto is both insanely volatile and also just as profitable over time. Whereas one might expect a 20% gain in the stock market year over year, with Bitcoin it's more like +100% every year, with some years being up 1000% and others being down bad 80% from the peak. Following the breadcrumbs I've been closely paying attention to this emotion chart for quite some time, and I've posted it many times throughout the years. However, now more than ever,