Financial Education: Are You Sane Enough To Handle The Markets

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(Edited)

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The markets are a tremendous way to accumulate wealth. However, Crypto Twitter is showing right now that most should just sell and go away. It is time to get a second job or whatever. These people deal in absuridity and insanity. Strong words I know.

Reality is that markets go up, and they go down. This is unavoidable. Yet on Crypto Twitter we have a bunch of people who are depressed and upset that prices are dropping Seriously? Did they think their assets would just keep going up forever? Obviously this is either insanity or they were unprepared for the reality of markets.

In this video I discuss how anyone who wants to enter in wealth creation better get mentally, emotionally, and psychologically prepared for what markets do. If one is not willing to do that, he or she should just sell out. Having the movement of markets dictate one's emotional state is simply not healthy.


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I will back it up by saying that in business ones should be willing to take risk, because the risk you take determine how powerful you are in business.

I will also agree with you since all what they assume is high prices which should not be so, I think at this point, having liking for the markets should be our concern and hoping for the best to come. Thanks

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Certainly we could extend this mindset to owning a business. The difference in viewpoint of an owner compared to an employee is enormous. Owners have to be able to weather bad times and periods of slowing sales.

Again, it all comes down to mindset. Those who approach it with understanding, will not be caught off guard when it happens. Sure we never know exactly when but we do know it will come. All businesses have times that sales disappoint. That is why they tend to have prudent reserves. This helps them get through the tough times.

In markets, we know down prices will come. How we handle it is up to us.

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O.K. I watched your video, I like this one! haha

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I would not mind some 2k BTC. Let me load up on the BTC if it does happen. I won't be complaining even if I am red on my investment since it looks like a great place to add to my position.

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I have a feeling you would not be the only one loading up at $2K.

Even $20K would likely be a good entry point long term.

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Lol. Hey man, you might wanna unplug for a minute. You look like you’re on the verge of an aneurysm in this one. Breath man. Whiners gonna whine.

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Yeah Twitter is not a safe place. LOL

Better than Facebook from what I hear since many say that is a total cesspool. But twitter is pretty freakish too.

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Yeah, man. I got off Facebook several years ago, around 2014 I think, and it was obvious to anyone paying attention where it was going then. I never really got into Twitter, even though I did kinda try a little, but not really. It all had such awesome potential, but we (humanity) didn't realize the kind of power it would have in the wrong hands... a.k.a. ours, lol.

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haha twitter is the worst

neither one of us would be on there without the pressure from hive

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Summary:
In this video, Task discusses the current state of the cryptocurrency markets, emphasizing the need for individuals to be psychologically, mentally, and emotionally prepared for market volatility. He highlights the importance of understanding that markets go both up and down and that experiencing losses is part of the process. Task stresses the significance of being able to handle market pullbacks without letting them negatively impact one's mental health or well-being. He discusses how seasoned traders approach bear markets proactively, either by staying out of the market or by strategically adding to their positions during dips. Task concludes the video by urging viewers to cultivate the emotional resilience necessary to navigate the ups and downs of financial markets and to make rational decisions based on market dynamics rather than emotions.

Detailed Analysis:
Task starts by addressing the prevalent mindset on crypto Twitter, criticizing the lack of preparedness for market fluctuations, and labeling it as insanity and absurdity. He emphasizes the inevitability of market corrections and the need for individuals to anticipate and accept them. Task uses the example of Tesla's stock performance to illustrate how even prominent investors like Elon Musk can experience substantial losses during market downturns.

Throughout the video, Task emphasizes the importance of emotional readiness in dealing with market volatility. He warns against letting market fluctuations dictate one's emotions and actions, encouraging viewers to engage in proactive and mature responses to market downturns. Task discusses different approaches to handling bear markets, mentioning the significance of having cash on hand to capitalize on opportunities created by market dips.

Task highlights the distinction between amateur investors driven by fear of missing out (FOMO) and strong, seasoned investors who know when to buy and sell based on market conditions. He stresses the need for individuals to possess the mental, psychological, and emotional fortitude required to succeed in volatile financial markets. Task references Warren Buffett’s famous quote about buying when there's "blood in the streets" to underscore the contrarian nature of successful market strategies.

In conclusion, Task urges viewers to approach market fluctuations with a level head and a long-term perspective, advising against letting emotions drive investment decisions. He emphasizes the importance of emotional resilience, strategic thinking, and a mature approach to navigating the complexities of financial markets.

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