Crypto Bureau Kenya

06/11/2024

06/11/2024

Crypto gains currently on going
Bitcoin ATH
Solana up by 15%

03/11/2024

Why Most Traders Lose Money in Crypto: The Hard Truth
Let's talk about something real - why most people keep losing money in crypto despite knowing about market cycles. Having been in this space for years, I've seen the same story play out over and over.
Think about it - we all know crypto moves in roughly four-year cycles. The pattern is clear: long bear markets followed by explosive bull runs. Look at 2014-2018: 177 weeks of bear, 34 weeks of bull. Then 2018-2022: 157 weeks of bear, 47 weeks of bull. Now we're in the 2022-2026 cycle. Simple enough, right?
But here's the brutal truth - knowing the pattern isn't enough. The real killer? Emotions. Let me break down what actually happens to most traders:
The market hits ATH. Everyone's euphoric, posting rocket emojis, dreaming of lambos. Then the drop starts. "It's just a dip," they say. But it keeps dropping. Panic sets in. Eventually, they sell at a massive loss - usually right near the bottom.
Then comes the recovery phase. Prices start climbing, but those same traders are too scared to buy back in. They've been burned once, right? They sit on the sidelines, watching others make gains. By the time they finally jump back in? Usually near the top, when FOMO kicks in. And the cycle repeats.
Here's the real secret - successful crypto trading isn't about predicting tops and bottoms. It's about managing your emotions and having a solid plan. Set your entry and exit points before you trade. Stick to your strategy no matter what the market or your emotions are telling you.
Remember: The market doesn't care about your feelings. It doesn't care if you're scared, excited, or desperate. It just keeps moving in cycles, rewarding those who can keep their cool and punishing those who let emotions drive their decisions.
Want to survive in crypto? Stop trying to time the perfect trade and start working on your emotional discipline. That's the difference between building wealth and losing it all in this
market.

19/10/2024

Join bitget and start trading

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19/09/2024

19/09/2024

The Federal Reserve cut its benchmark rate by a half percentage point

18/09/2024

What's your prediction for the Fed rate cut today - 25bps or 50bps?

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18/09/2024

The Fear & Greed Index is a popular gauge created by CNNMoney to measure the prevailing sentiment in the stock market. It is designed to indicate whether investors are driven by fear (which can lead to lower prices) or greed (which can drive prices higher). The index is based on seven different factors, each contributing to an overall score from 0 to 100, where:

0 to 49 reflects fear, with 0 being extreme fear.
50 reflects a neutral market.
51 to 100 reflects greed, with 100 being extreme greed.

15/09/2024

Yes

15/09/2024

Your link to passive income

14/09/2024

If you don't know what you're going to do with your money before you get it, you'll waste it once you do receive it.

04/09/2024

If you have poor money habits as a poor person, you’ll have poor money habits as a rich person...which will make you poor again.- Robert kiyosaki