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The Mindset of a Fantasy Crypto Winner

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Introduction

Fantasy stock and crypto games can be a fun way to earn extra cash for anyone interested in the markets or trading, but it comes much more naturally for some people. There are some features and psychological traits that most, if not all, of the players with the highest number of winnings have. If you already have or are willing to develop these traits, you might have the right attitude and approach to be a serious competitor.

Regardless of the strategy you choose, a system won’t help you win games if you don’t stick to it. Successful players can create and follow their strategy because they have developed certain helpful psychological traits. True, there are key differences between traditional trading and fantasy games. However, both traders and players tend to use many of the same psychological traits.

Here are some of the most valuable traits you can work on to improve your game:

An Analytical Mind

Coming up with an effective strategy means doing the research to fully understand the markets you are going to play in. Doing the math to make sure the numbers check out also ensures that your system will be reliably profitable.

The math part isn’t too hard to wrap your head around if you put the time into learning, but a naturally analytical mind is a big help. People with the ability to recognize and respond to patterns are successful traders and fantasy players because they are more able to develop their strategy based on a broader understanding.

Discipline and Preparation

Games like StockBattle are simple enough that anyone can jump in and have fun, and even win a few games. But if you are serious about improving your win rate and your profits from playing, you will need to take the time to prepare a strategy.

The right system for you depends on a wide range of factors, such as your areas of knowledge and the times of day that you will be playing, but the psychology required to execute a strategy is also important. Even the most seasoned traders still experience strong emotional responses from their decisions. This is why it is vital to find a system that works with your own psychology instead of against it. Think about the kinds of strategies you can actually stick to.

Discipline and Preparation

For example, you might create a hedging strategy that reduces your risk on paper, but if having more money in play makes you anxious and prone to poor decisions, you’ll need to either prepare to push through that self-doubt or work on an alternative system. To use StockBattle as an example, a hedging strategy could involve playing simultaneous games to balance one team of stocks or cryptos with an opposing team.

Anticipate Fear

It is normal to feel a little worried about your decisions or picks for a game. Whatever system you are using, you will never be able to pick the perfect team for every match. The fear of losing can convince you to avoid playing under anything but perfect conditions, or to deviate from your strategy to mitigate risk. If fear and risk aversion are factors that are impacting your game, adopting a strategy that focuses on playing shorter games could reduce the build-up of anxiety.

Strong fantasy players are able to ignore these fears, and players who are not will be less successful. Waiting for the perfect situation for your strategy results in not playing enough games to make a real profit, and deviating from your planned system means you won’t be able to accurately assess your results and improve your strategy.

Confidence

Instead of making decisions from fear and risk aversion, successful fantasy players have confidence in their strategy and don’t second-guess the plan they have created. This enables them to be decisive in making the picks that align with their system, rather than making last-minute changes to avoid a perceived risk. As a result, players with high confidence are effective in more volatile and unpredictable markets such as fantasy crypto, as they are able to make the right decisions quickly and without hesitation.

Confidence

If this kind of fast decisiveness does not come naturally to you, it might be better to build your system around playing longer strategies on less volatile markets. Some games allow you to choose the time length of your games. For example, in a short StockBattle game, the timing of the match can have a huge impact on the winning stocks. You will need to have a cool head under pressure to make the right choices as soon as the game starts.

Humility

Being confident in your approach to stocks or crypto is not the same thing as ignoring the flaws in your system. Follow your strategy in each match, but regularly review its performance to find room for improvement too. Then you can make changes to your plan and act according to the new system, instead of changing your picking strategy on the fly. This will disrupt the process you worked on and calculated to be profitable and prevent you from getting reliable data you can use to devise a better system. If you want to try out a wildcard strategy that isn’t part of your system, use your StockBattle freerolls to avoid using your own money to test these tactics.

Passion

Whatever system you use or stocks or cryptos you focus on, you need to be passionate about them. Successful players follow every new development and news update that could affect the markets they play on and love to learn more about any related topic. The passion for constantly taking on new information about a subject is a critical trait that enables both traders and players to understand and predict the current market situation.

Passion

Players with the passion for learning anything and everything to do with their chosen markets can benefit from tactics that take advantage of this wider knowledge, such as hedging. For example, you could use your knowledge of an industry to hedge your choice of one stock or cryptocurrency against a competitor that is likely to benefit from news that could hurt the companies in your original team.

Find a Game System That Fits Your Mindset

Different approaches to winning fantasy crypto or stock games work for different types of people. This makes it critical to learn as much about each strategy to understand which ones suit your style and which you should avoid. It is equally important to know your own strengths. If your mindset is only suited for certain systems, you need to understand how your psychology will affect your games’ decisions.

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What is Fuelling the Rally in DigiByte Cryptocurrency?

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The DigiByte ecosystem is built with an emphasis on speed and security, which are often identified as limitations on different blockchains. DGB uses a proof of work algorithm to validate and complete a transaction.

With a strong price action witnessed on DGB, we can expect it to reach 10 cents valuations shortly. The current DGB price is facing some resistance from its 100 DMA that has coincided with the wicks on daily chart candles.

DigiByte Price Analysis

One day chart with Support Levels, Resistance, Moving Average, and MACD indicator

DigiByte has an active support range at $0.0500 levels on the immediate downside and resistance at $0.0791 levels. In order to remain in trend there needs to be some profit booking or consolidation, straight-line upside momentum often carries the risk of sudden profit booking induced by some new development.

DGB is for now trading in a bullish zone with immense buying interest. The MACD indicator shows chances of the rally to continue without consolidating but, DGB should halt its rate of progression in between to continue with the upside movement. Its 100 DMA comes out at around $0.06252 levels.

One hour chart with Support Levels, Bollinger, and MACD indicator

DGB shows an immense increase in volumes over the last few hours indicating increased participation from buyers and sellers of this cryptocurrency. As MACD is nose-diving towards the red zone we expect some retracement from current levels and a second attempt at breaking the recent high created at $0.066 levels based on our DigiByte forecast.

Support on hourly charts comes out to be at $0.0579 with Bollinger Bands hitting newfound volatility. The widening of Bollinger bands indicates scope for higher volatility and continuation of the upside movement. For now, DGB seems to have taken support from the lower end of the mean average line and faces some turbulence at the mean average line indicated by red.

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TRON Negates the Fall in Valuation with Strong Buying!

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TRON has climbed huge mountains after its release in 2017 and has posted over 17650% of gains from its launch value in 2017 to September 2021. The value of TRX has undergone a huge change from $0.0022 levels to the current value of $0.9265 levels. TRON currently ranks amongst the top 30 cryptocurrencies with a market capitalization of over $6 billion with a circulating supply of 71 billion coins.

The value of Tron is straight forward a derivative of its exposed circulating supply and its potential. Comparing the numbers, TRON can process 2000 transactions per second compared to just six transactions per second of Bitcoin and 25 of Ethereum. Just comparing the numbers gives the transactional capability of TRX and its upscaling potential.

TRON has mostly focused on content creators and has used TRX coin as a way of rewarding content creators through its rewards. It even allows creators to develop their tokens and decentralize the gaming sector. Positioning itself as a content creator supporting ecosystem has enabled creators to connect directly with potential customers, eliminating centralized platforms. Considering the upscaling potential of Tron, people interested in investing here should hold their positions.

TRON Price Analysis

TRON retraced most of its lost value within a short time interval and is headed back towards $0.11 targets with a furious buying sentiment.

TRON Price Analysis

TRON underwent a surprise fall in its value within a concise time interval. The fall was responded with a huge buying action, almost equaling the selling volume on September 07 in the following day. TRON has once again jumped back to $0.0933. Surpassing the support zone will push the TRX price towards the close resistance of $0.11.

RSI levels have also jumped towards 52 from a steep decline, but the major uncertainty in sustaining the gains. If sellers activate their trades, we will witness a significant fall to the tune of its 100 DMA levels. As of now, TRON can be seen respecting its 200 DMA level of $0.08254. It is attempting a fresh price breakout but is more likely to close in an uncertain candle with wicks on both ends.

TRON price prediction

Hourly charts show consolidation as a large part of the trading action on TRX. It consolidates in a narrow range before giving a breakout and again consolidates within a narrow range. This price action is continuing, and there is a high probability of another breakout towards $0.100 levels. MACD on hourly trades has become positive again, and so has the RSI levels. RSI is now trading at above 50 levels. Combining all these indications and our TRX coin price prediction, one should hold their investments.

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MATIC: Can It Become the Bridge of Interoperability

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Polygon MATIC intends to resolve the problems of the Ethereum network to promote better incorporation of blockchain technology. Polygon came into play as Ethereum transaction fees increased to a level that started to affect scalability.

Polygon has also started to develop its network to support the Ethereum Defi Ecosystem. Another positive news coming in the Polygon counter is Mark Cuban’s unrevealed investment in Indian cryptocurrency, MATIC. This investment news at a time when all crypto counters are witnessing consolidation of profit booking has the potential to fuel another bull run MATIC.

In our MATIC price analysis, we have covered the technical chart and possible breakout zones, as this news can also cause a profit-booking by some. The only trouble to MATIC’s bull run could be ETH 2.0 scalability solutions launch. We know MATIC is working on building layer 2 solutions on the Ethereum network, hence it will be an interesting aspect to decide the future of MATIC.

Could MATIC Win the Ethereum Scaling Race?

Listing of the MATIC token on the Coinbase crypto trading platform has been a ground-moving reason for this cryptocurrency. The MATIC token is used as a transaction fee on all the dapps built using a polygon.

Polygon (MATIC) is currently emphasizing sustainable NFTs with the latest integration. Its Proof of stake mechanism offers better energy efficiency as compared to the Proof of work mechanism used by Ethereum. By moving the NFT transactions away from the main blockchain of Ethereum, Polygon is creating a sustainable market of itself.

The growth lead of Polygon even mentioned the prospects behind incorporating NFT as their blockchain network. Polygon joined the Polkastarter council on May 27, 2021, which is an independent authority that works on the selection process of Polkastarter IDOs. This can be a revolutionary event in scaling the value of the MATIC.

What does the Future Hold for the MATIC?

MATIC has a fixed token supply, a low market capitalization, and works on a network that is increasing its reach are some of the factors fueling further boost in this token. As of now, this cryptocurrency has become the 12th largest digital asset.

MATIC has moved up from the lows of $0.68 on 1st May to $2.89 on 19th May. The volatility of every cryptocurrency is the result of major profit booking and coin dumping. But even so, how does the MATIC coin price prediction fare with the expectation of the crypto-enthusiasts.

MATIC coin price prediction

MATIC price is currently trading well above all its important moving averages. There is a significant movement, which has pushed this coin over the $2 range twice. Currently, the price action is respecting its 30-day moving average. This cryptocurrency has been trading well above its important moving averages. Even in the short term support level of 30 days moving average.

If it fails to take support from its 7 days moving average, the prices could plummet to the $1.3 range. Although given its price action, such a level would be a good buying range. In the long run this coin seems positive as it is respecting the important levels.

MATIC News

Polygon Matic has been witnessing some stiff resistance near its all-time high. Earlier on May 19, the MATIC price fell from the same range during the profit booking session across the crypto market. MATIC coin, however, rebounded from just below $1 valuational to reclaim its previous high.

As evident from the chart patterns, the $2.45 levels will be instrumental for this crypto to reach new heights. There seems to be a support building near its last resistance levels, but any sell-off can push this coin back to the $0.80 range.

RSI indicator is also closing the oversold zones, indicating some weakness in the short term. A rebound from these levels can push MATIC to battle the stiff resistance around $2.45 and test its all-time high.

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