Cryptocurrency "zoo"
There is probably no one who does not know that traders in financial markets are divided into bulls and bears. A bull drives the price of an asset up with his horns, while a bear drives it down with his paws. The bronze statue of the attacking bull has even become one of the symbols of Wall Street, one of the world's financial centers.
But in the cryptocurrency market "everything is not like people. Therefore, crypto traders, depending on their behavior in the market, apart from bulls and bears, can be divided into a whole zoo.
Trader Kit
The main sign of a whale trader: is a holder of a very large amount of cryptocurrency.
Basic Habits: Whales are completely uninterested in small fish traders swimming nearby. Just as a real whale doesn't notice the currents, a cryptocurrency whale leaves out the cryptocurrency flows that are massive to other players.
However, the passivity of the whale is deceptive. It does not wait for a situation to become favorable to it. Possessing enormous reserves of funds, the whale is able to turn almost any situation to its advantage. For example, if it does not benefit from bitcoin appreciation, it can throw a few tens or hundreds of thousands of coins on the market, turning the market around to its advantage.
Whale traders are probably the most serious representatives of the cryptocurrency "fauna".
Trader-Owner
The main sign of a trader-ovce: does not sell - but what if the price goes up, does not buy - but what if the rate drops.
Basic Behaviors: Oven traders are the most fearful and indecisive participants in the crypto market. They spend all day watching the cryptocurrency ratesBut they don't dare to make a deal.
Because of their indecisiveness, the oscillating traders very often miss profitable entry points. If such a trader opens a position, he usually does it under the influence of panic, following the crowd. That is, he buys at the peaks and sells at the troughs. Having lost all or almost all of his capital, the trader-owner comes to the conclusion that cryptocurrencies are a bubble with no future, sharing his "authoritative" opinion on forums.
Trader Hamster
The main sign of a hamster trader: invest 100 dollars, expecting to profit a thousand times more not before tomorrow.
Basic habits: Hamster traders are simply obsessed with making fast and big money. They have little interest in the theory of cryptocurrencies, what is blockchain, what affects on the bitcoin exchange rate and so on. They don't puzzle over questions like whether or not it's a bubble, whether or not crypto has a future, etc.
A hamster trader sees cryptocurrency only as an opportunity to invest little and get a lot, and in a very short period of time. Such traders are highly susceptible to herd instinct. Afraid of missing the explosive growth of the cryptocurrency, they watch the market closely, investing at the slightest hint of the asset's growth.
As a consequence, hamster traders become the main object of market manipulation by the whales, and hamster funds become profits for more calculating traders.
Trader-Wolf
The main sign of a wolf trader: he closely monitors his prey, cryptocurrency, to grab the biggest piece of profit at the right time.
Basic Habits: A wolf trader is a professional player on a cryptocurrency exchange. He understands perfectly the principles of cryptocurrencies, blockchain and the mechanisms of cryptocurrency exchanges.
In addition, such traders have a solid knowledge of the fundamental and technical analysis, are able to restrain their emotions and calculate the situation a few moves ahead.
Naturally, such traders do not immediately become wolves. It is preceded by a great deal of experience in trading in various financial markets, as well as a large amount of time spent on training. A wolf trader profits from, figuratively speaking, the time and effort invested in training.
The Pig Trader
The main trait of the pig trader: Greed begets poverty
Basic Habits: A pig is certainly an offensive nickname for a trader. Especially when you consider that while other traders make money, pigs go under the knife because of their greed and stubbornness.
Pig traders behave thoughtlessly. They are so greedy that they will never close a losing position, hoping that it will still be profitable. They are not interested in trends on the cryptocurrency market, current sentiment or trends.
"So what if it's against the trend? Maybe there is no trend at all, and I will close the loss now, and the rate will grow later", - this is the typical logic of the pig trader.
Trader-Hare
The main sign of a hare trader: he loops between the bulls and the bears, trying to make a profit through a large number of trades.
Basic habits: the rabbit trader is a kind of analogue of the scalper in the foreign exchange market.
Such traders open a large number of deals with a short lifespan and small profits on each position. It is because of such frequent "jumps" on cryptocurrency pairs that they are called hares.
Such trading is a rather complicated occupation. A hare trader must have high self-discipline, be able to concentrate, have knowledge of technical analysis, and understand market mechanisms. Otherwise, such a hare can fall prey to larger cryptocurrency "fauna".
Trader Strauss
The main sign of a trader-stranger: he prefers not to get nervous unnecessarily, hiding his head in the sand.
Basic habits: if you don't talk about a problem, it's as if it doesn't exist - this is the basic principle of the trader-strategist. They are the most passive market participants. They do not study the news of the crypto market, rate fluctuations, etc.
After opening a trade, the ostrich trader completely shuts himself off from external factors, "sticking his head in the sand," waiting for the asset to grow. It should be noted that owing to the collapse of cryptocurrency prices after their explosive growth, stray traders are a very small species in the cryptocurrency "zoo.
The Flea Dog Trader
The main sign of such a trader: no matter what deal was opened, he still gets a loss.
Basic Habits: In the financial world, the flea dog is a symbol of unprofitable investments. The term comes from the movie Wall Street, directed by Oliver Stone.
"It's a flea dog, kid," is what stock shark Gordon Gekko calls the unpromising stocks bought by young broker Bud Fox in one scene of the movie.
The cryptocurrency market calls traders who make mistakes very often flea dogs.
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