Not everyone is interested in psychology but it's very valuable in anything that involves people or money. Marketing companies use psychology to make you buy stuff. Governments use psychology to control the masses. Poker players need to be masterful of psychological games to win.
I'm wondering if there is any use of psychology to benefit Cryptocurrency investors?
Cryptocurrency Personalities
If you have been on steemit for the last few days, you’d know a little bit about the drama with @haejin, I hope the whales don’t find my blog somehow and downvote everything. The big whales can destroy your account if there is a conflict of interest. It seems very ironic in a platform that promises no censorship.
Haejin talks a lot about the Elliott Wave Principle, which is a theory that can tell you how the prices are going to behave based on mass psychology. It says that people’s behaviour tends to trend and reverse in identifiable patterns. This works with any trading market including Cryptocurrency.
I was skeptical at first, but then after reading more about it I am absolutely intrigued.
Events and news don't drive the market; rather market makes the news and events. Elliott Waves Principle states that news or events shall arrive to justify the forecast, never reverse - Haejin Lee
It seemed too good to be true, however my gut feeling tells me that I am on to something extraordinary. It’s so beautiful to have some logic and structure for something that looks utterly chaotic and unpredictable.
Learning the Elliott Wave Principle is now my new goal. I believe it is a well worth investment that everyone could benefit from.
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I've been dormant for 7 years