In social networks for several years, are popular tests to determine personality, which begin with the words, «Who are you from (insert as appropriate)?». We suggest to familiarize with the psycho behavior on the cryptocurrency market and uncover free of charge without registration and SMS trading your essence: are you a bull or a bear, or maybe an ostrich or flea-bitten dog?
What it does: Butts with his horns from the bottom up
Characteristics: the Bull is one of the two main participants of the stock and cryptocurrency markets. This alias is for punters appeared in the early 18th century, when financial institutions began to gain its popularity. The bull became the main character of a series of satirical stories of the doctor and author John Arbuthnot’s «History of John bull», where bull, from eng. «bull» — the bull, the collective image of the fat little Englishman who is the antithesis of the American image of the tall, thin uncle Sam.
The player of this character on the stock and cryptocurrency markets always hope for the best: assets purchased at a low price, will increase in value. In the case of digital coins the trader buys the first currency and believe in its consolidation of a leading position, or is invested in bitcoin, ether, litecoin and other popular crypto currencies at the moment of recession and also believes that soon there will be a rollback of the market and the assets will regain its positions.
It turns out that the bulls when buying coins open long positions — a long position (from eng. «long»). this transaction can last an unlimited amount of time. When the value of the coins closing the position will bring to the bulls profit. The majority of players belong to that category of cryptocurrency traders.
What it does: Beats paw from the top down
Feature: Another main character in cryptocurrency (and not only) trading is considered to be a bear. Traders-bears are the opposite of bulls and sell some of their assets with the hope that their price will decrease in the future. That is bearish objective is to rule «sell high, buy cheaper.» After the sale, which typically occurs in the common mainstream, the price of crypto-assets falls, the demand decreases.
Bears, by entering into a contract for the sale of the asset stock, record its price and wait for the goods will fall in price, close the deal and put revenue in your pocket. They win on what they have. All of the shares and the tokens in this type of trading is taken on bail. After analysing the market and understanding that soon the trend will be downward, and lately he’s exactly what the bear takes the asset (e.g. 100 pieces) from cryptocurrency exchanges one dollar. Some time later, when the exchange rate fell, the bear returns the shares at the current price with a small Commission. It turns out that a hundred pieces of coins at a cost has become, for example, 50 assets past performance. The remaining 50 — earnings.
Experienced players who adhere to this position, given the sharp volatility and the constantly falling rate of bitcoin, get a lot. Clumsy though they like to claim that the cryptocurrency bubble that will soon repeat the history of the Internet …
What it does: Holds a lot of cryptocurrency. A lot
Feature: Whales are the largest holders of the cryptocurrency. As a rule, those market players who managed to understand cryptocurrency and enter the industry at the very birth of the market. Whales quietly watching the exchange for them of minor-scale games of bulls and bears and not interfere in pursuit of a «penny» into hundreds of dollars. But with personal need and expression of interest the most significant asset holders are able to turn the market upside down.
Selling a few hundred thousand bitcoins may change the trend in the development of cryptocurrency, the whole example scenario with little money in circulation will fail. Therefore, any action of the kit is regarded as a warning to global shifts.
Kit may be forced to play by the rules the whole community, strategic approaches can amaze everyone. For example, if a major holder of assets know about any important upcoming event, or just wants to buy more coins, all you need to do Keith is to sell a large order at a lower price than all the rest. This will force players to succumb to the movement and to reduce the cost, panic in this case is guaranteed. Upon reaching the desired mark, Keith acquires depreciating assets and removes your warrant. This technique is called «wall of sales».
If Keith wants to fictitiously inflate the price of any currency, it applies the pumping rates. When this manipulation is set larger order with a price above the market, then the rest of the users increase the value of the asset — the goal is achieved, the coin becomes expensive. And whales can be combined into dark pools and not publicly to buy a huge number of bitcoins. In General, serious people.
What it does: «got a moose,» has suffered a loss
Feature: Its name in the Russian interpretation of the elk received from the English word «loss» «loss». This type of personality in the cryptocurrency market always unlucky. Moose makes a bad bargain, invested in questionable assets, incurs permanent losses.
Traders catch the moose lose their assets, grow it and sleep with it — leave an unprofitable position for the next trading session, then the moose grow up and walk in herds — the trader gets a few losing trades in a row. Admit that especially in the beginning of the crypto activities of each user a bit of a moose.
What it does: Scared to buy the suddenly cheaper, does not dare to sell, suddenly will rise in price
Feature: the Most timid and irresolute of cryptocurrency traders are called sheep. If you make a hypothetical collective image, this type can be represented in the form of a young man who «knows something, heard somewhere», but is afraid to do wrong, so follow the crowd. The trader-sheep may all day to monitor closely the exchange rate, to analyze the situation, to understand some trends, but did not dare to have any action and manipulation.
If the sheep will buy assets, they may turn into bulls, and if to sell — in of bears. With strong fluctuations (read: almost always) this type of traders lose their investment with nothing. After that, the trader-sheep with a huge disappointment and an even bigger hole in the wallet goes with the cryptocurrency market and advises everyone not to meddle in this «bubble that will soon burst».
Type: Lemmings (the hamster)
What it does: «I invested $100 when my asset appreciates to $100,000,000? Why not tomorrow?»
Characteristics: Traders hamsters are often called traders, the sheep, because these types are very similar and have similarities in the behavior of the stock market Both animals can easily turn into bulls and bears, adapt to the General trend, act on the rule «all, and I, because everything bad will not do.» But if the sheep after the failures come from the market, the hamsters continue to mindlessly convert Fiat to bitcoin and wait for the rapid growth of their investments.
Not to say that these people have more money and fewer opportunities to analyze the market, just hamsters intoxicated with the idea as quick as possible to earn. Cryptocurrency for them is not a promising asset in the future with the right analytical approach can bring x to the starting capital. And especially digital coins are not regarded hamsters as technology for quick calculations.
Lemmings on the market most, they are prone to the herd effect. Due to rashness and frivolity of the behavior of major market players manipulate hamsters, forcing you to invest in need for their activities the asset. Therefore, to avoid becoming a victim of whales and other rich traders need to learn technical analysis to monitor the behavior of the market and not to succumb to the General mood.
What it does: Silently analyzes the market and collects the largest revenue
Feature: the Name of this type of traders originated from a legendary film by Martin Scorsese «the Wolf of wall Street», where the main role of the broker Jordan Belfort played by Leonardo DiCaprio. There, according to the scenario, a young man making millions through trading on a well known exchange. To get huge earnings allows concentration and permanent hard work. Therefore, in real life the trader is smart and prudent of players of this type are called wolves.
It is the wolves are the ideal toward which to strive all the decent traders. After all, they are famous for permanent positive result, no matter what they did, what would be the position nor put all of them out with x’s and big profit. Yes, for the sake of wisdom and clear sight had to sit up on the analytical textbooks, constantly monitor the trends and learn to feel the market behavior. But then all the «lost» time into income with numerous zeros.
What it does: While the bull and bear earn, the pig goes under the knife
Feature: Probably the worst of all must be traders who are called pigs. But they are so keen on the idea quickly and passively earn a lot of money and go on Paradise island that are not paying attention to dissonant nickname. Pigs mindlessly invested in the risky assets do not study the market and often trade against the trend. These traders are the favorite treat for professional traders, because pigs until the end hold a profitable position despite changes course and cryptocurrency trends.
Pigs are the embodiment of greed, so as to lose all their assets due to excessive expectations the best prices and too much hope in their intuitive powers. But don’t confuse a pig with Hodler (distortion from the English. «hold» — «hodl», which means «to hold»). Traders of the first type to store the coin with the growth when it shows the rise and hoping to get more perederzhivat price and end up losing everything. The Hodler just keeps crypto-asset with a low price and hopes for its growth.
What it does: Makes a lot fast trades
Feature: In the nature of a hare is known for its fast running and agile jumping, so kryptomere supporters of speed and sharp deals are named after this animal. From the point of view of trading strategies hares are scalping is a risky tactic, which involves standing jumps to positions within a price corridor. Traders constantly discover a short-term deal and a jump on the market from one price point to another, trying not to burn on bad assets and avoid being eaten by bulls and bears.
Scalping, or Pipsing, is highly profitable trading method that is considered the top skill of the trader. Because for making quick transactions you need to understand many things: the trading behavior of the tool, the expectations of the market, the basics of technical and fundamental analysis, news and statistical background. From the trader requires a high concentration and discipline. Otherwise, quick and quality running will not work, and the hare will be eaten.
What it does: Hides its head in the sand and not responding to events in the cryptocurrency world
Feature: User-ostrich is the most passive and morally impenetrable trader on the crypto currency exchange. Not only that, he is not interested in politics news constantly updated exchange rates, so also does not respond to the important statements that directly can affect the value of the assets.
Likely to pay attention to the change of cryptocurrencies ostriches will only make the case that bitcoin will drop to $100. Of course, these players almost no on the market. The ostrich effect when investors put their head in the sand and hope for the restoration of positions lost during bearish trends in the state of maximum financial stress.
Type: flea-bitten dog
What it does: Makes a losing trade
Feature: In the lexicon of Fiat traders there is a famous quote from the Oliver stone movie «wall street» (1987) — «This flea-bitten dog, kid.» So shark stock trading Gordon Gekko described unpromising stock young stock broker named Bud Fox. So the dog became a symbol of inefficient investments or assets. Consequently, traders who make mistakes in investing are called dogs.
Also Vietnam trading, there is the strategy «dogs of the Dow» in which the early season trade for a prospect takes the 10 stocks with the highest yield of the Dow Jones (30). Every shopping season portfolio adjusted to market trends, and in the end, the theory for 15 years, the profit would be 13%. While this strategy is not fully applicable to the cryptocurrency, because the digital assets are at least 10 years. So now you can collect the investment portfolio of the promising amount of cryptocoins and look at the x’s in the future.
What it does: «Where to click to all by itself was netradios?»
Feature: In English literature a chicken is considered a symbol of cowardice and indecision. So too vigilant and inexperienced investors is called chickens. They are afraid to open position out of cowardice will never take a risk. Enter into a deal too late, when the bulls and the bears have already closed their positions and took profits, because for a long time understood what was happening.
Chicken runs the fear of loss: they are so worried about their failures that are simply afraid to enter the market and are constantly missing the opportunity to open profitable positions. However, this type of trader is not permanent, it is the initial passing position of the novice trader who has not yet learned to control their emotions. The chicken is different from the sheep of his inexperience and youth in trading. Newbie with time or turn into stronger animal world of Finance, or even leaving the market.