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7 stages of a Crypto mind, a case study by u/_DEDSEC_

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by COINS NEWS 222 Views

Gather around fellow Cryptoers for I have an interesting study commissioned by myself on my self for myself.

I analyzed myself for it is true, a doctor's best test subject is himself, thus I looked back at my thought process and put together various stages of my life in the Crypto Verse.

Stage 1 - Introduction to the cryptoverse:

Subject has been introduced to the crypto space for the first time in he's life, and finally made the decision to buy some coins. Hoping to get rich quick, and retire before he even turned 30.

Stage 2 - The gain train:

Subject is experiencing gains that he never anticipated, resulting in impulse decisions such as FOMO, since the subject has never been affected by a dip.

Stage 3 - Panic Selling

To secure the profits, subject starts selling even on the slightest of dips, he also experiences nightmares of losing all he's assets.

Stage 4 - Trading:

Upon learning about leverages, the subject attempts to Day Trade, he learns about Technical Analysis in all it's glory and steps out to the perpetual futures market.

The subject started making gains but after an entire year of trading he finally gave up and stopped futures.

Stage 5 - Crypto Community Engagement:

To further maximize he's knowledge, he looks upon others, in vast oceans of shills and fake gurus, he quickly learns what is true and what is not.

He finally understands the market and the people in it, he notices there are many like him, and he is but a shrimp in the vast ocean of whales.

Stage 6 - Respecting Risks.

With he's past experience and new found knowledge, the subject learns about risk management. He no longer cares about gains and setups up principles, as he knows the key to Lambo is a patient one.

He doesn't talk about crypto to foreigners of his social circle and doesn't argue about it to the naye sayers.

Stage 7 - The final stage.

The subject has shown grate restraint to selling during the dips, he no longer cares about price action in the low time frames.

With he's unique experience of both TA and FA, he starts making profits. 100 turned 200, 200 turned into 400, and so forth.

He no longer has nightmares of his loses for he believed in the tech and has enough HOPIUM in he's veins to last a life time.

Now he is on he's way to possibly become the next whale.

Thus we conclude the 7 stages of a crypto mind.

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submitted by /u/_DEDSEC_
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