$Bitcoin (BTC.CC)$ it's amazing the psychology and the impac...
$Bitcoin(BTC.CC$ it's amazing the psychology and the impact of a few zeros has on the perception of price.. if you owned a stock at $7.30 and it fell to $6.90 would you be in panic mode? alternatively if you bought a stock at $6.90 and it went to $7.30 would you be jumping up and down doing backflips being so excited? I don't think you would be so excited about it why because you didn't buy it at $7.30 or you didn't buy it at $6.90 to have it stay in that narrow band you bought it an expectations that it would go to $10 $11 $12 and higher. and that's the same with Bitcoin it was 73,000 it fell to 69,000 big deal people it's the same percent it just has a few more zeros associated with it...just as my example.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Monkjustin :
Monkjustin : Use a stop loss