Cryptocurrency trading and the pygmalion effect.

Originally Posted: Article.CoinPayu

The pygmalion effect is a psychological phenomenon that refers to the influence that one person's expectations have on the performance of another. According to this effect, if a person believes that another has certain abilities or characteristics, the latter will tend to act in accordance with that belief, either positive or negative.

This effect can be highly relevant in the field of cryptocurrency trading, where investor expectations can influence market behavior. For example, if an investor has high confidence in a certain cryptocurrency and expects its price to rise, it is possible that he will invest more money in it, which in turn can lead to greater demand and an increase in value. Conversely, if an investor has low confidence in a cryptocurrency and expects its price to fall, it is possible that he will sell his assets, which can cause a higher supply and a fall in value.

Thus, the pygmalion effect can create a self-fulfilling prophecy, where investor expectations become reality. This can create both opportunities and risks for cryptocurrency traders, who need to be aware of this phenomenon and know how to take advantage of or avoid it.

One method of taking advantage of the pygmalion effect is to identify market trends and anticipate them. If a trader detects that there is high confidence in a cryptocurrency and that its price is rising, he can buy it before it spikes and sell it when it peaks. In this way, he can make profit by following the flow of expectations. On the other hand, if a trader detects that there is low confidence in a cryptocurrency and that its price is falling, he can sell it before it plunges and buy it when it reaches its bottom. Thus, he can profit by going against the flow of expectations.

One way to avoid the "negative side" of the pygmalion effect is to have your own strategy and not be influenced by the opinions of others. If a trader has a clear and well-founded vision of the value of a cryptocurrency, he should not change it because of what others say. In this way, he can avoid falling into the expectation trap and act with his own judgment. Also, you should keep in mind that the pygmalion effect is not infallible and that the market can change at any time due to external or unforeseen factors.

The pygmalion effect, as he explained at the beginning, is a psychological phenomenon that can have a huge impact on cryptocurrency trading. Traders should be aware of this effect and know how to use it to their advantage or how to avoid it, so they can improve their results and minimize risks.

All of the Tools, Platforms and Applications that are promoted in this article have referral programs with which you can earn passive earnings without investment, however, I recommend that you do your own research.

⚜ Publish0x - Earn daily ETH, AMPL & $POT for reading or writing articles. Similar to Bulb.

⚜ Bulb - Earn daily Crypto (BULBTokens) and NFTs (BULBmoji) for reading or writing articles and interacting with publications (Airdrops). Similar to Publish0x.

⚜ Article.CoinPayu - Similar to Bulb & Publish0x.

⚜ Velzon Trading Bot - Automatic cryptocurrency trading bot powered by artificial intelligence, percentage: 4.5% Daily, Team Profit x Referral Levels (6): 8%-3%-1%- 1%-1%-1%.

⚜ CoinInn - Trading - Bonus (🎁) between $500 and $750, only profits are withdrawable (Need to complete KYC to extract).

⚜ StormGain - Trading - They can start without investment, capital is acquired with the Bitcoin Cloud Miner. Only profits are withdrawable.

⚜ QuantFury (JRRU2593) - Trading - Bonus (🎁) in cryptocurrencies or company stock worth up to $250.

⚜ CoinEX, BingX, Doex, PrimeXBT, KuCoin, Cex, MoonXBT, BiBox, BitYard, ZooMex - Trading - They offer different bonuses.

⚜ CoinMarketCap, TradingView - Indispensable tool for traders.

⚜ Bitrefill - Living with crypto, a philosophy of financial freedom. Travel, play, eat and live with BTC.

⚜ Nowpayments - Non-custodial cryptographic payment gateway that allows merchants to accept payments in more than 50 cryptocurrencies.

⚜ StormGain affiliate program, Wallet HandCash, Wallet Guarda - Make money and/or cryptocurrencies with affiliate marketing.

⚜ Ledger,  BixBox02, Ellipal Titan, Keystone - Hardware Wallet with affiliate marketing.

⚜ NFTify Store - To create your own NFTs store, without investment, no codes. 

⚜ AddmeFast, BscAds, Smm24h, IndianSmm, SocPanel, NloSmm, TheSocialMediaGrowth, SmmFollows, MrPopular, SmmRaja, SmmTurk, N1Panel - Tools to promote and increase the sources of traffic, visibility, reach and reputation of your social networks. Also earn money and/or cryptocurrencies.

⚜ Coinpayu, Cointiply, Freebitco, AdBTC - Generate additional income without investment.

"You will ask yourself: And if I take a risk and lose...? I will ask you: AND IF YOU RISK AND WIN? Success begins with thought, because sooner or later the man who wins is the one who believes he can do it. Do not be afraid of mistakes or failure, winners are not afraid of losing, losers are, in most cases the risk comes from not knowing what you are doing, so trust yourself, learn, be patient, manage your emotions and above all, enjoy the journey, what the wise man does at the beginning, the fool does at the end" - Anonymous. 

💖☕ Buy Me a Coffee ☕💖

Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.