Topic: The mentality of an average wannabe investor - page 3. (Read 1031 times)
So I became one of the elite when I realized that the 2017 crypto market is a bubble. My colleagues always shouted that BTC was 100k $ in 2018. There was very little opinion about crypto bubbles. I recognized the bubble type from the beginning of January. when its price suddenly dropped from 18k $ -16k5 $. I sold all my 3 BTC and now I have no regrets.
At least these new investors are trying to use their money to make more money instead of blowing their cash on stupid consumer products. How many sheep are spending $200 on air jordan shoes or thousands on new cars that will depreciate quickly and are built to break down. Give them some credit for at least trying.
Reason thinks most crypto investors get results as quickly as possible but they cannot get the right consistency in locking for the long term, although not all, but the majority all want quick profits. So the investor need to be aware of all the things before investing on crypto projects.
That is the agony of an average crypto investors. Always doubting in anything whether it is bull run or bearish, they always had a reason to ignore the obvious good timing. They lack on self confidence because the truth is they are not that good in technical analyzing and in denial in anything they have decided.
The average crypto investor's mentality is a total mess,if you ask me.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.
Yeah, most of the crypto investors come in the trading field with a hope to win big in a very small amount of time. The reality is that they cannot win big unless they have proper training experience. Most of the newbie traders just lose their money.
I think that these guys were attracted to trading and the market by the people, who used to brag with the greatest amounts of money made in December 2017- January 2018. Now, everything has changed.
The average crypto investor's mentality is a total mess,if you ask me.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.
Yeah, most of the crypto investors come in the trading field with a hope to win big in a very small amount of time. The reality is that they cannot win big unless they have proper training experience. Most of the newbie traders just lose their money.
I think that these guys were attracted to trading and the market by the people, who used to brag with the greatest amounts of money made in December 2017- January 2018. Now, everything has changed.
At least these new investors are trying to use their money to make more money instead of blowing their cash on stupid consumer products. How many sheep are spending $200 on air jordan shoes or thousands on new cars that will depreciate quickly and are built to break down. Give them some credit for at least trying.
Reason thinks most crypto investors get results as quickly as possible but they cannot get the right consistency in locking for the long term, although not all, but the majority all want quick profits.
I am agree that we should not angry with market condition, better keep calm and confident if we trust on our investment, In any investment, we should not panic and think for long term. If we hold a good project, i think we will make big profits in the future
The average investor is always on the loss, because he's always angry and negative.
When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble!
When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!
Go to some mainstream forums and talk to people outside the tech space once in a while and you'll see why they aren't making money and why they will never make money.
This is also the reason why bull market cycles are so similar and why they will keep repeating. The vast majority of people never learn, even when they see the same thing happening again and again. You'll see it when we have another bull market and Bitcoin reaches a new high. Let's say that it will be 50k USD, followed by a year long bear market that will take us down to 6000 USD. The society will continue to call it a ponzi scheme that is going to 0 this time for sure and they still won't buy at the bottom. They'll say that those who bought in the previous bottom were lucky and this opportunity will never come again. Don't be a grumpy investor!
Great words. Investors are indeed too greedy to buy both during the bearish and bullish market. I have some bitcoins and I just hold them. I won't buy more, because I cannot afford them, even though I think that the prices are unbelievably attractive right now. But I will not sell as well, because I think that the market will show itself again. I hate these people who call bitcoin a ponzi scheme, those who are against cryptocurrencies, even without looking into them.When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble!
When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!
Go to some mainstream forums and talk to people outside the tech space once in a while and you'll see why they aren't making money and why they will never make money.
This is also the reason why bull market cycles are so similar and why they will keep repeating. The vast majority of people never learn, even when they see the same thing happening again and again. You'll see it when we have another bull market and Bitcoin reaches a new high. Let's say that it will be 50k USD, followed by a year long bear market that will take us down to 6000 USD. The society will continue to call it a ponzi scheme that is going to 0 this time for sure and they still won't buy at the bottom. They'll say that those who bought in the previous bottom were lucky and this opportunity will never come again. Don't be a grumpy investor!
Investing in cryptos is easy. You just have to buy a top coin basically at any time and then have the patience to wait until the price at least doubles.
At least these new investors are trying to use their money to make more money instead of blowing their cash on stupid consumer products. How many sheep are spending $200 on air jordan shoes or thousands on new cars that will depreciate quickly and are built to break down. Give them some credit for at least trying.
This is why bitocin should be regulated to put securities for all the investors invested in cryptocurrency. If the team or founder of bitcoin wishes to continue and earn not just today but for the next generation of his keens then he should exert and effort to do this so that it will not only benefit him but for the next generations.
What got me reading were the sarcastic comments below. Idiots wanted to buy fake money and got burn. Ponzi scheme. Bubble burst. They bought something that doesn't exist. It's going to 0 because it's worthless!
That's life. We, crypto enthusiasts, cannot please everyone to believe in the potentials of blockchain technology and to also love like the same way we love crypto. If they have bad impressions to crypto then let them be, there's no need to convince them to become a believer too because it will be a waste of our time. It would be pointless to explain and defend our side if the mind of that person was already closed for that kind of matter.
What I always do to those unbelievers I personally encountered is ignore them, as simple as that. I just work silently and let my profits speak for me
. I'm sure that less than 10% of the people around you knew about Bitcoin in 2017.
I'm proud to say that I belong to the 10%. But honestly, I feel sad now because rhis makes me remember one of my regrets in life that is when I discovered Bitcoin around 2015 and yet didn't buy because I thought it was only intended to use for deep web applications. My bad 
. The average crypto investor's mentality is a total mess,if you ask me.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.
Yeah, most of the crypto investors come in the trading field with a hope to win big in a very small amount of time. The reality is that they cannot win big unless they have proper training experience. Most of the newbie traders just lose their money.
The mentally of majority crypto investors were very weak and simple example is in my country the most common people who had joining and invest on crypto because they want instant money but they looks never thinking the risk behind it even though they are already warning about the risk but they never listen because people thought the price of bitcoin will always be rise and when facing crash price they looks panic and sold their bitcoin and it was happen with repeatable that people apparently can not utilize uptrend and downtrend
The average crypto investor's mentality is a total mess,if you ask me.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.
Yeah, most of the crypto investors come in the trading field with a hope to win big in a very small amount of time. The reality is that they cannot win big unless they have proper training experience. Most of the newbie traders just lose their money.
Most new crypto investor suffering loss in 2018 because the price drop very deep. But if we want to make profits in crypto, we should hold our coin or token for long term because its sometimes the project still on progress
If you are reading comments on mainstream media or social networks, chances are you are reading comments from people who never traded in their live and are just hating on Bitcoin because it makes them feel good because of those "I was right" moments when the price is going down. These people are blind to see that todays low is yesterdays all time high, that Bitcoin has went from literally pennies to $4,000 in 10 years.
But a ton of actual investors have made profits, anyone who has bought more than 1.5 years ago and hodled to this day is in green. Just 3 years ago the price was in 3 digits territory. Long term investors are most likely in profit due to historic upward trend, it's day traders who are risking and panic traders who are risking the most and tend to be negative like you describe.
But a ton of actual investors have made profits, anyone who has bought more than 1.5 years ago and hodled to this day is in green. Just 3 years ago the price was in 3 digits territory. Long term investors are most likely in profit due to historic upward trend, it's day traders who are risking and panic traders who are risking the most and tend to be negative like you describe.
These kind of people don't really understand what cryptocurrency is all about and that is the reason why they bitcoin everytime its price go down. Those so called average wanna be investors are only concerned on how fast they can earn profits in cryptocurrencies. They must educate themselve first on the basics of cryptocurrencies and learn how to choose the right decision before investing or buying some coins.
Investor and trader are different things. The average wannabe person wants to be a trader, they want to buy some obscure coin in order to get rich quick and they want their invested coin to do x10 quickly so they can move to the next one and make another x10 and so forth. Investor is the person who invests into something so they can make money later on.
For example banks have a lot of money in their "vaults" (not like they keep cash that much anymore) and they put all that money into investments and buy big parts of companies on the stock market so they can actually make profit with money. Money itself is worthless and becomes less valuable overtime so they invest that money into stuff that would later on make more money and worth more. That's what investment is and no crypto investor is like that.
That is precisely the problem, if more people wanted to be investors and put their money in good coins for the long term then they will have nothing to fear from the movements of the market, but many want to buy a coin no one has ever heard and make a huge amount of money in a matter of days and weeks, and as you may guess most of those people are disappointed with the market. For example banks have a lot of money in their "vaults" (not like they keep cash that much anymore) and they put all that money into investments and buy big parts of companies on the stock market so they can actually make profit with money. Money itself is worthless and becomes less valuable overtime so they invest that money into stuff that would later on make more money and worth more. That's what investment is and no crypto investor is like that.
I do not know what these people doing on bitcointalk forum if they did not believe in crypto future, especially these people which saying that Bitcoin will go to zero. Emotion driven investing decisions usually are bad decisions. I am glad that I did not invested more than I am willing to lose, so my emotions about my investment are not that strong.
You really do think most of the people you see on bitcointalk have a clue what they are doing. Virtually a larger percentage of the people on bitcointalk heard that they can make some bucks from campaigns and that was one of the reasons we saw so many of them driving here like bees. Sometimes, even when I get to see what some legendary members post when it comes to the way the market is behaving, I tend to wonder if they even managed to learn any lesson at all since they have been in this space. It is what it is, mentality of people when it comes to increasing their wealth is to just hop into anything that makes that possible, as long as they hear of the promise, and they never care to learn the needful to make them understand what it takes to even be able to make good decisions when investing.
For example banks have a lot of money in their "vaults" (not like they keep cash that much anymore) and they put all that money into investments and buy big parts of companies on the stock market so they can actually make profit with money. Money itself is worthless and becomes less valuable overtime so they invest that money into stuff that would later on make more money and worth more. That's what investment is and no crypto investor is like that.
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