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As a player who’s been on the internet for over 10 years, my parting advice is: we need to learn to be investors, not speculators. We’re not gamblers. There aren’t that many chances. Make rational investments—don’t get swept up.
Common newbie psychology:
1. If I make money, “Damn, this thing is great.” If I lose money, “Damn, everyone is fucking lying.”
2. I just bought in, and the price goes up: “Damn, this coin is awesome.” It drops: “Damn, you fucking lured me into this trap—get out of here and cut my losses now.”
3. I just bought in, and the price is going down: “Damn, I should sell quickly before I lose too much.” Then the price suddenly skyrockets, and I end up losing more money by buying back in. After you’ve just bought in, “Damn,” it drops again—you either cut your losses, or you end up stuck.
4. They love to follow the trend. Swing traders orchestrate indirect, intermittent sell-offs—thinking everyone is selling—while in reality they’re hoping others will cut their losses and sell, so they can buy back at a lower price (a swing trader’s common tactic), and so on.
The only way to stop all of this: on BAN, if you can take out 10U, then just treat it as if it’s gone—ignore the price going up or down. Unless there’s a major result, don’t make a move.