Pages:
Author

Topic: % idiots among investors (Read 277 times)

hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
May 31, 2023, 03:41:19 AM
#32
When you have a choice between fear and greed, the emotion of fear is much greater than greed. It is this fear that forces people to take the safest solutions in the event of fluctuations or impotence.In the normal situation, you prefer Bitcoin over the dollar, but when the price of Bitcoin begins to decline, you will find yourself ready to sell Bitcoin at half the price that they would have given you in exchange for avoiding the loss.
On the other hand, when the price starts to increase, greed is dominant, but when uncertainty comes or negative news begins to appear, selling is everyone's choice.
I think it depends on the person. There are some people who are weak enough which obviously they are consumed by their fears but the opposite are not. They have the courage to do almost anything. I guess this can also equates to being greedy. When they already engage on the thing. They will always try to give their best.

Fluctuations are our ally. This is where we buy low and sell high so people must not be afraid with it. BTC and Dollar has their own advantage and disadvantages. We use BTC to earn a profit but we can also use it as a currency if we want to. It still has an advantage over the dollar. Selling at a loss are one of the strategy use by the traders or even some investors. If they are good enough, they can still be able to recover what they have lost.
hero member
Activity: 1876
Merit: 512
May 30, 2023, 12:40:04 AM
#31
I believe this is the right result expected, do you expect people to bet more on Bitcoin or Gold, there is a reason why Bitcoin is still number one in the Crypto space because it has been tested and trusted over all these Altcoins that are unproven.Gold has been tested and trusted over the years with far higher market cap than Bitcoin and nothing so far has been able to displace it, US treasury too is secured and both are less volatile as compare to Bitcoin, Bitcoin would reach this level in future but need to be more tested
legendary
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
May 29, 2023, 09:58:36 AM
#30
This is nothing to be surprised about, most people are still very much more conversant with gold than bitcoin, gold has been a long aged assets which have been way back from time when this world was created, I would say that gold is probably the first precious metal to be created, so it is not surprising.

Bitcoin is just a suckling baby where gold is, and also understand that in analysis like this, gold will always enjoy that first mover advantage when compared to other kinds of assets, bitcoin still need alot of time to full trust from the masses, most especially those in the financial market, there is no need to hurry, it is a step by step thing, and one day, bitcoin will truly become the most chosen asset for those hedging their funds against inflation.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
May 29, 2023, 08:23:31 AM
#29
I agree, it's impossible to see this happen. Remember all the past default scares were just easily overturned, they raise the debt ceiling. This time they just wanted something extra from the president, to give in, show some power or show him to be weak, whatever it was.

Eventually maybe a default will happen but not this term and even if so, I don't think it ends up being death spiral for US. China doesn't want it either, as long as currency is strong they benefit from strong USD.
We knew this was going to eventuality be solved as at heart this was simply about the negotiation between two different parties vying for more power.

If the US dollar is to fall, this will happen due to a black swan which destabilizes the economy to such degree there is no way to repair it, the 2008 crisis was close to do this and many economists admit as much when interviewed, so another crisis like that could be enough to bring the US dollar down, however no one knows when such a thing may happen.

Yup, just about showing off, and also probably about the big split between those in power, and those who feel they want to put something else in power.

Personally, I feel like even if the default happens, (which again I say it won't), it won't affect me. But I know my politicians will somehow make it so that we have the effects.

And then we will end up paying more for things, earning less, etc.

Funny is how no matter what state of economy is, we will always pay more Sad

So the only hope for us is that Bitcoin comes out of this strong.
full member
Activity: 1330
Merit: 100
C O M B O
May 28, 2023, 07:55:06 AM
#28
When you have a choice between fear and greed, the emotion of fear is much greater than greed. It is this fear that forces people to take the safest solutions in the event of fluctuations or impotence.In the normal situation, you prefer Bitcoin over the dollar, but when the price of Bitcoin begins to decline, you will find yourself ready to sell Bitcoin at half the price that they would have given you in exchange for avoiding the loss.
On the other hand, when the price starts to increase, greed is dominant, but when uncertainty comes or negative news begins to appear, selling is everyone's choice.

Basically, when faced with such conditions, a person's psychology tends to be like what you said,
what to watch out for when the price goes up and whether consciously or unconsciously, greed will appear,
so we have to really control that and that's important.
legendary
Activity: 1974
Merit: 3049
May 28, 2023, 05:25:09 AM
#27
When you have a choice between fear and greed, the emotion of fear is much greater than greed. It is this fear that forces people to take the safest solutions in the event of fluctuations or impotence.In the normal situation, you prefer Bitcoin over the dollar, but when the price of Bitcoin begins to decline, you will find yourself ready to sell Bitcoin at half the price that they would have given you in exchange for avoiding the loss.
On the other hand, when the price starts to increase, greed is dominant, but when uncertainty comes or negative news begins to appear, selling is everyone's choice.

How is it connected to that some investors say that they'll invest in US Treasures in case of US default? It is not about that you prefer dollars or bitcoins, it is about you choose defaulted assets because of their default. Sounds strange. And basing on your terminology is it fear or greed? OP supposed it is a kind of stupidity... Well, may be they have some unobvious explanation, may be they expect sales on Treasures and hope to earn on that... like a variant. Grin
legendary
Activity: 1582
Merit: 1284
May 28, 2023, 03:57:19 AM
#26
When you have a choice between fear and greed, the emotion of fear is much greater than greed. It is this fear that forces people to take the safest solutions in the event of fluctuations or impotence.In the normal situation, you prefer Bitcoin over the dollar, but when the price of Bitcoin begins to decline, you will find yourself ready to sell Bitcoin at half the price that they would have given you in exchange for avoiding the loss.
On the other hand, when the price starts to increase, greed is dominant, but when uncertainty comes or negative news begins to appear, selling is everyone's choice.
hero member
Activity: 2702
Merit: 704
May 28, 2023, 02:30:15 AM
#25
I agree, it's impossible to see this happen. Remember all the past default scares were just easily overturned, they raise the debt ceiling. This time they just wanted something extra from the president, to give in, show some power or show him to be weak, whatever it was.

Eventually maybe a default will happen but not this term and even if so, I don't think it ends up being death spiral for US. China doesn't want it either, as long as currency is strong they benefit from strong USD.
We knew this was going to eventuality be solved as at heart this was simply about the negotiation between two different parties vying for more power.

If the US dollar is to fall, this will happen due to a black swan which destabilizes the economy to such degree there is no way to repair it, the 2008 crisis was close to do this and many economists admit as much when interviewed, so another crisis like that could be enough to bring the US dollar down, however no one knows when such a thing may happen.
sr. member
Activity: 616
Merit: 291
May 25, 2023, 09:08:42 AM
#24


"The precious metal is by far the top pick for those seeking protection in case Washington’s game of chicken over the debt ceiling ends in a crash, according to Bloomberg’s latest Markets Live Pulse survey. More than half of finance professionals said gold is what they would buy if the US government fails to honor its obligations."

In my opinion, it is no longer strange that gold is an alternative for most people to use as an investment asset or store of value. Because gold has been a valuable asset for mankind since thousands of years ago. So it's not strange that gold is now a very valuable asset or store of value in almost all circles. Gold also has many uses, and almost everyone already knows this. Like being used as jewelry, currency, as a material for electronic devices, and can even be used for beauty ingredients. So with so many uses, gold is definitely in great demand and loved by many people. Those are the things that make gold very valuable in the eyes of all humans.

But what is no less surprising is that bitcoin has been able to go up so far. Even though bitcoin is just over a decade old. That way bitcoin has indeed proven profitable, for most investors. It could even be that in the future bitcoin can match gold or even beat its popularity.
hero member
Activity: 1652
Merit: 702
May 25, 2023, 05:32:23 AM
#23
"The precious metal is by far the top pick for those seeking protection in case Washington’s game of chicken over the debt ceiling ends in a crash, according to Bloomberg’s latest Markets Live Pulse survey. More than half of finance professionals said gold is what they would buy if the US government fails to honor its obligations."
That is not only true in the US and in my country over the last few decades people have also preferred gold as their choice. But is choosing one of the options much better than choosing some of the existing methods for example real estate and bitcoins as they are the closest sources at the moment. So that the investment value that you run is sustainable and able to maintain the investment value and regardless of the risks that will arise if the community chooses.

But more than 20% of Professional investors and more than 25% of Retail investors will bail out their Treasury and dollar investments. Or I do not understand the meaning of the US default?
I'm wondering if the survey is specifically for some of the ages that fall into the category, because if this survey were conducted in my country for people over 50 years old and above then the answer they would choose would be gold. However, this is not necessarily the same choice if a survey is conducted on people under the age of 50, because perhaps many people are familiar with other investment systems that have the potential for greater returns.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
May 25, 2023, 04:00:25 AM
#22
Bitcoin I buy ALL the time anyway so I don't get why people think it's a good idea to buy BTC only when dollar crashes Wink
I don't believe in a US default because it will kill a lot of US companies.Only big banks and companies will survive.
China has about a trillion dollars worth of treasuries and Japan has about the same. The US has a good debt-to-GDP ratio. The US can punish China with sanctions if there is a war with Taiwan, but what about other creditors?

I agree, it's impossible to see this happen. Remember all the past default scares were just easily overturned, they raise the debt ceiling. This time they just wanted something extra from the president, to give in, show some power or show him to be weak, whatever it was.

Eventually maybe a default will happen but not this term and even if so, I don't think it ends up being death spiral for US. China doesn't want it either, as long as currency is strong they benefit from strong USD.
full member
Activity: 1092
Merit: 227
May 24, 2023, 03:43:45 PM
#21
Honestly be thankful that we are seeing bitcoin as the third best choice in such short period of time. I don’t know but I think this is winning situation for the bitcoin. It’s not joke to be that popular just with over a decades of time and from the time period when people are actually started to understand what bitcoin is and how it is also one of the investment asset that can challenge you great deal of profits.

Just give it another decade and you will see how it will start switching the positions and making its upward trend. Bitcoin will get mined and demand will rise on faster scale as compared to the Gold rush. I am sure we will see prices and popularity both rising at an alarming rates.
copper member
Activity: 2156
Merit: 536
Promotional Campaign Manager|Telegram @NrcewkerBTC
May 24, 2023, 12:59:28 PM
#20
Many people have different opinions. The reason for various answers is here due to the information they have on that particular asset. As here we are in a Bitcoin forum, so if we see anything against Bitcoins, we will feel a bit upset, but the people who have chosen gold are just more connected towards gold, or aren’t aware of Bitcoins advantages. So yes blaming them and calling them fool will be really unnecessary to be honest. This is just my way of thinking.
legendary
Activity: 3080
Merit: 1500
May 24, 2023, 12:30:38 PM
#19
This is the time when we all need to remember the teachings of Mr. Robert Kiyosaki. Invest in God's money. I am glad to see that people are actually considering this. Gold and other precious metals are the best bet against any kind of recession. If you take historical lesson, you will see Gold has never failed as a capital protection tool. If US defaults, Gold will skyrocket almost immediately.

Bitcoin is still uncertain. No one knows how they are going to react during a recession. So a small percentage of your portfolio can become handy. Let's not think about who are stupid or not.
rby
hero member
Activity: 742
Merit: 611
Brotherhood is love
May 24, 2023, 09:53:29 AM
#18
My interest is in the middle of the  infographic. I saw dollars in the middle sharing same poll opinion with bitcoin, just for retailers who chosed bitcoin slightly above dollars. While people are seeing a means to remain in value when dollar defaults, I am seeing the level of bitcoin awareness and adoption.
While I wouldn't know the price of bitcoin when dollar will default, I will not be so confident that I will buy bitcoin. But buying a crashed dollar can give a huge profit in the future.
legendary
Activity: 2506
Merit: 3645
Buy/Sell crypto at BestChange
May 24, 2023, 09:48:08 AM
#17
Bitcoin is currently far from being a fierce competitor to gold, the market value of bitcoin is less than a trillion dollars and it is less than 20 years old, it is weaker even than companies such as Aramco, Apple, Alphabet, and other technology giants.

Therefore, I am not surprised that most people chose gold and did not choose bitcoin, but I do not understand why they chose treasury bills or any cash deposits such as the Swiss franc, the Chinese yuan, or any other currency linked to the dollar.

So we cannot say that they are idiots.
legendary
Activity: 1736
Merit: 4270
May 24, 2023, 07:56:54 AM
#16
OP I would also buy dollar of course presuming I am the type of person that gambles on outcomes like these.

Obviously not immediately but when the dollar crashes because of default, I would buy it a lot. Knowing it would for sure bounce back.

You know when Trump was in power everyone thought dollar was eventually going to crash (US almost defaulted like several times also) but then we saw last year the strongest USD ever despite all the money printing they went ahead with interest rates.

Bitcoin I buy ALL the time anyway so I don't get why people think it's a good idea to buy BTC only when dollar crashes Wink
I don't believe in a US default because it will kill a lot of US companies.Only big banks and companies will survive.
China has about a trillion dollars worth of treasuries and Japan has about the same. The US has a good debt-to-GDP ratio. The US can punish China with sanctions if there is a war with Taiwan, but what about other creditors?
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
May 22, 2023, 02:42:26 AM
#15
OP I would also buy dollar of course presuming I am the type of person that gambles on outcomes like these.

Obviously not immediately but when the dollar crashes because of default, I would buy it a lot. Knowing it would for sure bounce back.

You know when Trump was in power everyone thought dollar was eventually going to crash (US almost defaulted like several times also) but then we saw last year the strongest USD ever despite all the money printing they went ahead with interest rates.

Bitcoin I buy ALL the time anyway so I don't get why people think it's a good idea to buy BTC only when dollar crashes Wink
legendary
Activity: 3738
Merit: 1708
May 22, 2023, 01:38:44 AM
#14
Well if they default what else can you really buy? You can buy gold or even some foreign currencies. Stocks will be hard because they will most likely also fall due to the huge unemployment rate due to the default.

Keep in mind this won’t happen. Every year they have these scary tactics but in the end the debt is moved higher and everything goes on as before. Don’t know why people expect them to default, they will print their way out of this.
full member
Activity: 1540
Merit: 219
May 22, 2023, 01:32:44 AM
#13
It is naive to only choose one thing to invest at times where the fiat currencies are dumping with high inflation
Totally, but the poll is actually sensible in a way. Gold is valuable and it can easily be traded if push comes to shove, it's naive yes but it's ignorant of us to say so especially if we don't know each individual investors financial standing, maybe they can afford to fully diversify their money so they just want to go for the sure shot investment.

I am a supporter of the idea that you always need to work on yourself. And trading is an industry where you need to work twice as hard. Too bad a lot of people don't take this into account.
You don't have to work hard as much, what you need to do when you are trading is that you need to be smart about how you do trades, do TA, gain experience and almost always go for safe routes and know when to do risky trades, that way, you don't need to work as hard as you should.
Pages:
Jump to: