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Crypto at the Wrong Time! 🕰️

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Description

Why do so many investors buy near the top and lose confidence near the bottom? In this short, we break down one of the biggest psychological challenges in crypto: making decisions based on emotions instead of conviction. This is part of the Crypto IQ series, where we raise your crypto IQ one concept at a time. #crypto #bitcoin #cryptocurrency #investing #marketpsychology #blockchain #altcoins

Summary

Written from the stream's auto-generated captions.

Show transcript (2 sections, auto-generated captions, expect typos)

All right, elephant in the room. Let's talk about it. Prices go up in the crypto market. Everybody's excited. Everybody feels very positive about blockchain technology and adoption. Then, prices go down and everybody flip-flop, switches sides, and all you can hear is crickets. What really changed? The price? What were you buying? What were you ever excited about in the first place? Were you excited about the technology and the things being built, the [music] projects, the founders, uh the connections between, you know, tradfi and defi? What was it that you were excited about? Or were you just emotionally stirred and you wanted to be with the crowd and they were all hyped up, so you got hyped up and when they weren't hyped up no more, >> [music] >> you didn't know what to do with yourself, so you moved on

to another category area where somebody was all hyped up. Are you leading yourself into something or are you just following [music] the crowd? Highly encourage you, if you care at all about the crypto markets, to raise that crypto IQ. Maybe know a little bit about how blockchain technology works.

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