Ian King On Weak Minded Cryptocurrency Trading

What is the secret to not losing money on Bitcoin? Ian King, a famed cryptocurrency expert, tells the story of a friend who invested in Bitcoin at various price points, with the average price point being at just over six thousand dollars, which is well below the current price of around twelve thousand dollars. Yet, this investor has lost money on all of his investments. The reason for this is that he always gets out at the wrong time. He sees a drop and immediately sells because he is afraid of losing more money. Then, when the price goes up, he becomes excited and buys again. Then, when the price goes down, he sells again. That is a very bad strategy. View more on Ian King at talkmarkets.com to know more.

The truth is that Bitcoin is just so volatile that you need a proven plan. You need to stick to this plan. In January of this year, it went up and down at ranges of over seventy percent. Ian King says that what his friend was doing was being done by other weak minded investors. In fact, he believes that Bitcoin’s volatility is driving out the weak minded investors. Many of the drops occur when certain Asian countries announce plans to put bans on cryptocurrencies in one form or another, whether they are banning ICOs or even all trading on exchanges. Many people rush to sell their Bitcoin then, and then when the price goes up again, they will have lost out. FUD is an acronym for fear, uncertainty, and doubt. That is exactly what so many investors are facing.

There are two forms of fear. There is the fear of losing, which causes people to sell when the price goes down. Then there is the fear of missing out, which causes them to buy when the prices go up again. You will eventually lose if you make trades based on your emotions. That is why you cannot rely on emotions to guide you when you buy and sell cryptocurrencies. Instead, you need to be able to listen to the experts and get analysis from them that will help you be successful.

That is why Ian King is creating a program for Banyan Hill Publishing that will help people learn about how to trade cryptocurrencies. Ian King has 20 years of experience in investing.

Visit:https://stocktwits.com/IanKing for more updates.

 

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