Topic: The mentality of an average wannabe investor - page 2. (Read 1031 times)

The market has being on a low since 2018 and this has being the problem that due to which many investors have either for now stayed away from the investment and looking for the bull run to begin so that they can start investing .

Well he did said he understand and see the benefit of blockchain (hence FinTech investments) but he's skeptical about Bitcoins. But who knows, maybe he does have a stash and just keeping it secret.


Let's face it though. We've tried this at least once. I used to do it with alts. Just looking through the coin list see what's being pumped and buying as well. Guess FOMO has always been a thing before millennials gave it a name.

What's mentality of an average wannable investor? They want huge profit in a short time, that's all. Also they have zero patience, even some people invested in bitcoin when price was 20K. For example one redditor sold his house and invested that money in that time.
Usually people who had failed investment in bitcoin, call it ponzi scheme, they don't want to blame themselves for that they got because of silly actions. At first they need to learn to be patience and keep calm, even amazon is great example of it if we hang on bitcoin. This company had loss for years but we know how quickly they gained a huge profit. So why to blame bitcoin after all? Invest when price is low and wait if you can't do daily trade (btw I am against holding money because it has to move and move).

Hate to not only agree with you, but actually say that the blame game is played not only by the "average wannabe investor" but even by very popular self-styled full-time crypto traders selling signals. I've seen enough "whale channels" now to say without a doubt that almost everyone who's tried to make money off others (usually by selling their advice, signals, or audience attention) found someting else to blame.

They home in on their coins, and then make some chart and justification for it, so they can validate their buys. If the market moves correctly, they were smart and insightful and can teach you how to make the same smart moves full of savvy wisdom.

If they're wrong, they're calling out the manipulators, regulators, the irresponsible speculators, even the stock market.

And they and their audiences all think they're better than the average wannabe.

this last 1 year has been very negative for the crypto market. and a lot of people were despaired.. but now there is a slow recovery, slow but steady rise!!  For new investors to enter, this should be.. ( People who are now smart are collecting bitcoins from these prices. )

Seeing the typical fudster and negative user is pretty sad, a lot of the tech space people I seen were pretty negative about bitcoin, not to mention people on a most.
On the other side I seen a lot of legit business adopt blockchain.

when you decide to invest, I suggest you make a long-term investment and you should invest in potential coins such as bitcoin and some other coins that have limited supply because only a limited supply can make the price expensive.

I think it's safe to say that we've all been there at the very beginning of our crypto journey. I didn't enter because of Bitcoin's tech, I entered the market because of how I saw the price pump and I wanted a piece of that.

It was quite a nightmare. Price up was me buying. Price down was me selling, and this continued for months till I finally realized what was going on and who there was to blame. Yep, that was me. I blamed myself for everything.

I no longer invest in shitcoins. It's just not worth it anymore. I currently hold 90% Bitcoin and 10% Ethereum which is more than enough for me. Both have an extremely strong network effect. No other coins have that.

as long as we are not sure, of course do not invest here, because it will bring disappointment. we must really determine the attitude according to personal analysis. Current prices are low, but not necessarily the same as other people's views

TBH, Some are just going in just for the Hype and not by the market trend. There actions onky based on what they hear and not by what they learned. Then sure after, these people will blame someone if they fail. I'd find it fun and guilty at the same time , somehow that some wannabe's alway fond of the blaming party, It's fun since they are screwed in some point (recklessness = regrets) they quit and not learn. I feel guilty since I've been in that stage and though I learned from it.

People don't seem to care about that. They just look at Coinmarketcap and see whatever coin pump like mad for weeks, then jump in just because it has been going up already.

People have been blaming manipulators for the price to tank, and some even blame the CME futures. In other words, they are looking for excuses so that they have an external element or party to blame.

Some people will learn from what they have gone through, and others will keep making the same mistake again during the next leg up. The next time will be different they say, yeah right....

most investors who purchased bitcoins are also the ones who impulsively bought them without doing market research and observation.

Why this is probably true is because most people love easy money. Who would know when your 20$ will become 100$ or more.

Research is a no-no for those who only seek profit from easy money tactics. And they will always cry foul about if they lose their money in the process.

Unfortunately, most investors who purchased bitcoins are also the ones who impulsively bought them without doing market research and observation. They based their decision primarily on the mainstream media and on how most websites ruin the reputation of cryptocurrencies in general. For that reason, they are the ones who first complain whenever prices go down and spread rumours of it being a bubble!

Smart and determined investors will go the extra mile to study the market and do research in order to know the chain of current events and market trends to smartly speculate about its fluctuations on the price.


Warren Buffet is used to the conventional methods of investing as he views cryptocurrencies as "an asset that creates nothing, rat poison, and a bubble." Ironically, Berkshire Hathaway invested into Fintech which totally invalidates his previous claims. Well one can speculate that maybe he is one of the whales that manipulates the price every now and then.

If people like Warren Buffet thinks bitcoins are not good investments, you can just imagine your average Joe. The irony is that while these people laugh at Bitcoin users when price are low, it's usually these people that feel left out during hikes.

As for sore losers, if they bought high without checking the record lows first and how long bear trends last, then it's their fault, don't blame Bitcoins.

Even after bitcoin increase and reach the highest price in 2017, people around me still don't know about bitcoin. I can say that because I meet some new people who are busy with their offline job, and they don't know anything about bitcoin. Yes, they want to have the investment because they care about their future, but the problem is they don't know how to choose the right investment. Once they join in one investment but it's not for a long time because, after almost one year, the investment creator was run away with the investor's money.

When we say investor, it means we use the money to supporting the product, and we know that we need to wait for a long time before the investment can grow and make a profit for us. We need to think as the big investor out there, and they don't think that their money will be back in shortly, but they know that when they choose the investment, it means, that investment will give a big profit to them and that means they can make a lot of money.

Right now, many people still don't believe in bitcoin, and they only say, bitcoin will get down again, don't buy it, it's only waste your time and another word. But for people who believe in bitcoin, they will use their time to buy bitcoin especially if they see the low price of bitcoin so they can purchase a lot of bitcoin.

Well, that's why traders are able to gauge the market and make speculations. People try to learn about bubbles because history just repeats itself. This is also why Bitcoin is continuously being compared to past bubbles such as the tulip bubble etc. because some believe that the same thing will happen all over again.

Instead of being negative, people should just take advantage like how traders are able to. Yes, it may not turn out to be the best thing ever, but you'd still be able to profit from it if you knew how to play your cards right. People give up easily just because the market went bear after the 2017 hype. They become too impatient to profit and quickly lost interest once the price have declined. Those who remained are truly the elite, as OP have said.

Wannabe investors? Get in, do what you can to get a quick windfall, get out fast. Oh, and at the slightest sign of trouble, they sell out and move on. This kills markets, all kinds of markets, not just the crypto mkt. Speculators have a negative effect, they live on the wild swings in the value of crypto.

Most cases where people do call it as a ponzi are those who lost big time when the market crashed not necessarily on 2017 ATH but in most cases where bitcoins price is still high when they do enter and then suddenly corrected then they do already proclaim non ideal things about it without even thinking the true potential on why Btc is created and so as with other altcoin investors too.

Most people lack any patience and will sell at the first dip.  I know Warren Buffet isn't interested in crypto but he has the right mindset for investing.  It is a long term thing and he never worries about price dips, he is thinking about what the investment will be 10 years from now.

People who say that bitcoin is a Ponzi scheme is arguably the first person to invest specifically in crypto and they happen to invest when bitcoin reaches the highest price in 2017. Those who invest then they will say that bitcoin is just bubbles, different from people those who invest crypto in the early years of the birth of cryptocurrency, especially Bitcoin, they will say that cryptocurrency is truly a promising investment.