Topic: The mentality of an average wannabe investor - page 4. (Read 1031 times)
If we think that this forum is for Bitcoin lovers, people who really believe in it, and we look at the comments after each collapse, we will see panic and panic. How do you expect it for those who think it is as a bubble?
We are looking to invest in Bitcoin as an easy way to make a lot of money, which makes it just worthless speculation.
Be a believer when you buy, or look for a guaranteed way to speculate.
Forum is mostly people who want fast profits and don't know how to short.We are looking to invest in Bitcoin as an easy way to make a lot of money, which makes it just worthless speculation.
Be a believer when you buy, or look for a guaranteed way to speculate.
Bitcoin is easy game if you know how to trade.
But people buy and expect higher prices, then panic and start complaining
Yeah! I do want to be an investor but because I joined in bitcoin forum last year only, I hardly get my income since bear market came after the peak price.
If you are just waiting for prices to go up or down, you create nothing, just waste precious time. On top of that, with how many derivate exchanges there currently are available, you could have made the bear market work for you instead of against you. In other words, it's your own lack of understanding that makes you not 'earn' anything right now.
In the end, the idiotic way of how average joes think is beneficial to all the true hodlers out here. Seriously, people with a functioning brain have seen their Bitcoin stacks grow while noobs have seen everything they own almost vanish. I can't thank them enough for that. Thank you for making sure stronger hands own your coins now.
My goal is to stack up BTC, not stack up USD.
I learned about Bitcoin in 2013, but then, unfortunately, I did not believe in it. I created my investment portfolio in September 2018, at the moment all my coins show minuses, but I don’t regret because I firmly believe that the time will come when my portfolio shows XXX.
Yeah! I do want to be an investor but because I joined in bitcoin forum last year only, I hardly get my income since bear market came after the peak price. You are a good pioneer but you did not hold the moment. If I were you, I will put some effort in bitcoin back when 2013. I guess it could be hard from us right now to invest in bitcoin because we dont know if it will lose or go down more.
Just when you start seeing articles that Bitcoin's bubble finally popped (funny enough the article is in the "opinion" section) you know that it has reached to the point that the mainstream media has started sticking it up into our asses that they were right all along. But I say let them ride out all the glory for today as we all know the bear season is where the haters are right most of the time, and to keep it real the only ones feeling the burn are the people who are at a loss, don't know what they are doing, or both. We will all have our winning moments when this cycle ends and reading articles that "Bitcoin finally popped" are only signifying that we are either near if not at the bottom level of BTC.
Your words accurately describe the state of the average person who wants to earn a lot of money in a short period of time.
Only the strong will stay here and only a select few make a profit.
I am sure that the time of the bulls will come and also believe that the trend will soon change to positive, we just have to wait a little longer
Only the strong will stay here and only a select few make a profit.
I am sure that the time of the bulls will come and also believe that the trend will soon change to positive, we just have to wait a little longer
I think they must have the right thinking to trade crypto,
because hesitant in choosing a decision it will always end in regret. sometimes smart people always think of the risks of each action ...
because hesitant in choosing a decision it will always end in regret. sometimes smart people always think of the risks of each action ...
as human beings, many of us are emotionally trapped in making arrangements so that we dissolve in market trends and sell coins which should be a long-term investment. crypto dynamics are present and the downward trend will definitely be followed by a significant increase at some time thereafter. news and FUD will continue to exist to fill every crypto fundamentals and we only need to wait to get profit
The OP speaks the truth, most investors are losers, they do not get profits out of their investments and that happens mainly because they are always behind the events that happen in the market, if you want to be a winner you need to be ahead of the events, one easy example is that we know that in the future the price of bitcoin will skyrocket again, we do not know when that will happen but it will happen so the easiest thing that you can do now is to buy bitcoin and then wait until that happens and even that simple strategy is beyond most investors.
The other things you mentioned also happen in the stock market. When prices are up, people think it's too expensive to buy; when the market crashes, they get scared and don't want to buy something that's obviously on sale. Even worse, if they sell at a loss when the stock they own starts to plummet. The markets are a weird taste of human psychology.
Yup, it's a universal thing. Markets are all about psychology, which is why gauging sentiment can be really useful as a trader. I always watch things like the Speculation board, Crypto Twitter, the Tradingview chat, and Bitfinex/Bitmex long vs. short data to gauge what other people think will happen. More often than not, when most people believe something, they're wrong. Like you said, at the bottom people are too scared to buy. At the top, I find people are usually too greedy to sell. It's a whole fear/greed cycle.
It is why for years people have had great success in gauging market/group psychology instead of focusing too much on fundamentals. At the end of the day it doesn't matter if something is the best thing ever, what matters is if people believe that it is. BTC could in time fall victim to this, it is one of the most revolutionary things of our time BUT it could be that long-term enough people don't begin to see this, or that they are disillusioned by what they see in mainstream media.
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The common mentality by the newbies investors often time with the wrong notion about the in's and out of Crypto Currency investment. like easy money after they put in their money on some coins as posted in the market with out knowing the Fundamentals, Market structure, Market status of such coin. they even end up buying cheap coin with a very new in the market yet expecting to have a good returned. Sad to note that they fall to a false belief in crypto market investment.
I learned about Bitcoin in 2013, but then, unfortunately, I did not believe in it. I created my investment portfolio in September 2018, at the moment all my coins show minuses, but I don’t regret because I firmly believe that the time will come when my portfolio shows XXX.
This time of commitment is not shown by many investors. Many people when they are in 10 or 20% in loss start complaining and feel that have lost everything. Those who do not sell in panic and can hold for a longer period of time will surely be in nice gains in sometime in future.
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.
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.
It stems from the fact that people are always taught thinking along the lines of the early bird gets the worm. Applying that logic to something like bitcoin, everyone invests before they even know what they're investing in. Then their investment starts of doing well and they think it's some sort of miracle investment and they don't bother to ever research it. They just focus on their wealth increasing and nothing else. Then when the market turns sour they have no information or understanding as to why and panic sets in.
I learned about Bitcoin in 2013, but then, unfortunately, I did not believe in it. I created my investment portfolio in September 2018, at the moment all my coins show minuses, but I don’t regret because I firmly believe that the time will come when my portfolio shows XXX.
This time of commitment is not shown by many investors. Many people when they are in 10 or 20% in loss start complaining and feel that have lost everything. Those who do not sell in panic and can hold for a longer period of time will surely be in nice gains in sometime in future.
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.
The other things you mentioned also happen in the stock market. When prices are up, people think it's too expensive to buy; when the market crashes, they get scared and don't want to buy something that's obviously on sale. Even worse, if they sell at a loss when the stock they own starts to plummet. The markets are a weird taste of human psychology.
Yup, it's a universal thing. Markets are all about psychology, which is why gauging sentiment can be really useful as a trader. I always watch things like the Speculation board, Crypto Twitter, the Tradingview chat, and Bitfinex/Bitmex long vs. short data to gauge what other people think will happen. More often than not, when most people believe something, they're wrong. Like you said, at the bottom people are too scared to buy. At the top, I find people are usually too greedy to sell. It's a whole fear/greed cycle.
It is why for years people have had great success in gauging market/group psychology instead of focusing too much on fundamentals. At the end of the day it doesn't matter if something is the best thing ever, what matters is if people believe that it is. BTC could in time fall victim to this, it is one of the most revolutionary things of our time BUT it could be that long-term enough people don't begin to see this, or that they are disillusioned by what they see in mainstream media.
Well, the thing is that basically, an average investor we get to see in the market today want to get rich but they do not want to learn and adapt to the things necessary to make better investment decisions. Learning in the sense that, they have no clue where they are investing, the reason why they even have to be focused on long term, and what part the market or the technology has to play when it comes to the benefit it serves without just thinking of the increase in value or moon, which is what has made the market extremely speculative till date. Apparently, what just happens is that they will always most of the time stay negative, or if lucky and smart, manage to learn from their mistakes and be ready to make better decisions in the long run.
The other things you mentioned also happen in the stock market. When prices are up, people think it's too expensive to buy; when the market crashes, they get scared and don't want to buy something that's obviously on sale. Even worse, if they sell at a loss when the stock they own starts to plummet. The markets are a weird taste of human psychology.
Yup, it's a universal thing. Markets are all about psychology, which is why gauging sentiment can be really useful as a trader. I always watch things like the Speculation board, Crypto Twitter, the Tradingview chat, and Bitfinex/Bitmex long vs. short data to gauge what other people think will happen. More often than not, when most people believe something, they're wrong. Like you said, at the bottom people are too scared to buy. At the top, I find people are usually too greedy to sell. It's a whole fear/greed cycle.
I don't know about these kinds of people but their thinking is incurable if they only think like that. What a bunch of losers wherever you put them they would just eventually drag you down if you know them. Investing is very risky so, if you invest you should know that the risk is already there that your investment might burn or gain depending on your analysis.
The problem with investing in this market is that people who have not been interested in bitcoin longer than 1 year is seeing only the worse part of bitcoin. They have seen it go up once and they have been in a bear market ever since. This causes them to think bitcoin had a faulty move upwards and going back to what it should be to begin with or even going to die off. That is the wrong type of thinking but thats all they have seen in the past year.
People who have been around far longer like me does know that bitcoin tends to do these kinds of silly moves upwards and downwards but in the end the long term projection has always been high. Even during the worst times if you wait enough it goes back up, we remember what happened in 2014 and afterwards, it took YEARS before it got back but when it did the all time high of 1400 became 20 thousand.
People who have been around far longer like me does know that bitcoin tends to do these kinds of silly moves upwards and downwards but in the end the long term projection has always been high. Even during the worst times if you wait enough it goes back up, we remember what happened in 2014 and afterwards, it took YEARS before it got back but when it did the all time high of 1400 became 20 thousand.
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