Topic: What class of an investor are you? - page 10. (Read 2159 times)

I know almost 10 years of investment and about 6 years of crypto investment, and I think I'm still a newbie because I only invest with a small value, at the beginning of 2017 I bought 2 btc with a total value of about $ 560 and I used it for cloud mining 1.5 btc and I keep in wallet 0.5 btc, i lose and lose 1 btc when cloud mining and remaining in wallet about 1.2 btc, luckily i can save until end of year so i can sell in early 2018 and get around $13k.

Invest in altcoins except for ETH, all the rest should be done with thorough research before investing, I never believe in old altcoins, especially those top coins.
Not only will some altcoins be profitable, but I can say that most altcoins are profitable during the bull season. Investing in altcoins should not be considered a long-term investment, and if you know how to invest at the right time, it is not difficult to make a profit from them.

I love to invest in altcoins, but I have never invested in any altcoins this bear season. Only when the bull season comes will it be the right time to invest in altcoins. In this bearish season, bitcoin should still be our focus.

Of course, some altcoins can be profitable but of the many altcoins, people can invest in the wrong altcoins unless they stay on the top altcoin list. But that also doesn't guarantee they can get big profits when the altcoin season comes because we know that the list of top altcoins will always change in every cycle. This makes people have to analyze more deeply to find out what altcoins can roughly occupy the top altcoin list.

As long as we know the risks of investing in altcoins and can choose the right altcoin, that's okay and just remember to use the money we can afford so that when we experience a loss, we won't lose too much. And don't just invest in one basket but spread your investment over many coins after you do the analysis.

Yes, that's what someone should avoid if they can't accept the risk of losing money by investing in altcoins. Some people will focus on only investing in bitcoin without touching altcoins because they are confident in bitcoin's ability to increase in the next cycle. They don't want to bother choosing altcoins so they will only buy bitcoins at every correction or low price.

People are tempted to invest in altcoins because of the many advertisements or stories about people who have made huge profits investing in altcoins. But really, those people are just lucky to get an altcoin that can improve because most of them just buy altcoins based on suggestions from others.

Probably I belong to a researcher investor. I think it’s always basic to know what to invest and how will you push through on your investment by doing my own diligence in making a good research. I don’t actually invest  because it’s promising or people made a lot of positive testimonies on it. I have to follow my own instinct and by doing intensive researches, I finally come up with my final decision on where and what to invest, and how to make that certain investment works.

For a lot of us who have been screwed in the past, I believe, we are more on this type of investor.
Though I was doing my study also before investing, still I got caught in some failed projects.
Remember the ICO heydays, I invested in some projects thinking that I can truly find good ones.
But some of them really just ate my funds without return. And from then on, I am hesitant to invest in new projects even if it is a promising one.

Personally, I refer to myself as a long-term holder who can hold my assets for more than one year if I see a prospect. Of course, it is possible to successfully buy at the bottom-before the bull run-but that is very rare. That's why you need to hold a significant number of cryptocurrencies, because you can't be sure which one will shoot up.

I can say myself recently is a long term holder.

Compared to before when I was really new into cryptocurrency and less time I have to actually see and keep up to date with the price and condition, I think that long term holder might be a right choice for me. I'm holding Bitcoin and BNB as my assets with DCA strategy, so whenever I invest, how much the price it doesn't really matter. As I keep accumulating it for hoping to get really good return in few more years.

This is the reason why I choose to avoid ALTs. I have faced this many times in the past. Like it just disappear. You can never know if it's gonna be a success or not. And also why waste time on finding the right ATL coin when you already have the best in the market in your hand. Bitcoin will always give you the best results. So try putting your time in that. Analyze the market and create a plan on how you can get the best out of it.
At least that's what I think. But people being greedy, they will always try to choose the shortcut and wanna become rich over night. For that they choose altcoins and in then end, they face scams.

Yes, they are. They know how risky it is to invest without knowing if what they are investing. There are people who invest on a project only because it is popular or it is listed in a popular exchange. They are doing it wrong but I can't really blame them because maybe these people are lacking in intelligence and they won't still understand some things that are written on the whitepaper or on the roadmap.

For them, it was only a waste of time and effort and I believe that many of them will just accept their faith. If their investment goes well, fine they will be happy about it but if not then it's fine as well. They will just stop or move on to the other project.

If you like safety and don't dare to take risks in search of higher returns, then bitcoin is a safe choice for you in this market. But that doesn't mean people who invest in altcoins aren't investors or are doing nonsense. I mean, I don't think all altcoins are garbage; how can garbage be profitable for so many people?

I also invest in bitcoin, but I'm not a bitcoin maximalist, so I'm not too upset with altcoins. If given the choice, I would choose to be a research investor because I am always looking for opportunities, I don't want to be tied to just one bitcoin and pass up thousands of options with altcoins. Altcoins are riskier, but their rewards are well worth it, so there's no reason to ignore them.
I don't know what the purpose of people investing in crypto is. But I'm here for profit, so I will take advantage of every opportunity.

And you can expect to get the most profit from investing in bitcoin alone. Finding the right altcoin takes time, and even though we have managed to find it, it doesn't guarantee that the altcoin will be profitable in the altcoin season. So by only focusing on investing in bitcoin, we at least have a path to profit in the future.

But people still think that investing in altcoins can also provide benefits, especially since many people still try to invest in new projects with the hope that the project will explode and provide them with huge profits. Some projects can explode but most of them will just disappear from crypto. So they should be careful in choosing altcoins or investing in new projects.

I may be an old investor who has invested in bitcoin but I don't think of myself as a rich investor yet because I'm still trying to own more bitcoins. And that's what makes me a bit confused about choosing the right type of investor for me

I don't know what to name this. I only invest in Bitcoin. I have no interest in altcoins as they are centralized shit. It takes some research on when to invest and all. But that does not put it in any category that you have mentioned in OP.
Maybe a wealthy investor, but the results are yet to come because I am still hodling. So can't be that either. Have to wait a long time before I can even categorize this.

I think the problem is that humans are biased towards themselves, so it's hard to accurately measure what sort of investors we are, based purely on self-perception and self-reporting. For example, someone might know they are a ponzi investor but won't want to admit it, or another person might invest in ponzis but strongly believe that they aren't ponzis, and in both cases the response will be inaccurate. Also, of course many would like to consider themselves 'researcher investors' because it sounds right and responsible, and that's how we want to see ourselves and others. Some may also qualify as wealthy traders but wouldn't want others to know that and thus wouldn't respond this way.

I belong to the wealthy investors since I was able to invest in Bitcoin straight away when I heard about it and discovered it has long-term prospects because before then I was into real estate and this has built my knowledge of long-term potential assets and since the real estate sector is becoming overcrowded I was looking for an alternative and fund Bitcoin as the best form of diversification and alternative for me so took full advantage of that.

The other class of investors look irrelevant to me since it doesn't require long-term goals like Bitcoin but then you did well to have mentioned all of them.

What I believe does not belong to the list is the class of Ponzi scheme being clarified as an investment, I think that is a big misunderstanding and slap on investment to classify Ponzi as an investment because Ponzi is a scam and not an investment.

It is far from reality to divide into separate classes and be limited to only one type. In fact, each investor at different stages of his activity may belong to a different class. Moreover, nothing prevents combining these classes at the same time.

The list of categories you suggested is limited and I don’t even know which one to choose, because I don’t find anything close to me. That's why I never like polls like this that don't have an answer option that I like.

If there were one more option, I would also choose as an adventurous investor, which would be more relevant to what I'm doing than the classes the OP provided. From my investment point of view, I come to this market to make a profit, so I will not pass up any opportunity and am willing to take risks to invest anywhere as long as I feel it has potential and can be profitable. Many people just love to invest in bitcoin, and they pass up a lot of opportunities with altcoins. But to me, if an altcoin is good enough and can make a profit, then I have no reason to ignore it.

Many people are obsessed with Ponzi schemes because of the get-rich-quick deals and the absolute folly of hoping to get rich quick without doing anything.

In general, everyone who is involved and understands how to invest will definitely rely on research, because before deciding to get involved we have views on investing, at least we know the level of risk and what strategy is suitable for us to use. So don't decide something without basic knowledge to start with, because many mistakes start from an inability to understand the problem.

They also form themselves before becoming experienced traders, by learning some basic things such as knowledge and skills, they don't achieve this like turning their palms, they go through a lot of processes to arrive at the three conclusions you mentioned. To reach this point is very difficult, you are required to have the knowledge, experience and expertise to analyze the market and most importantly you have large capital to get involved in investing, if you rely on a little money I make sure you will never get rich as fast as expected.

Unfortunately most people never pay attention to the process of their journey in trading, so they think success is very easy to get, even though they have fallen and lost many times in trading in crypto, even a lot of money they have spent to start, but the difference is they dare to take risks every decision made.

Let's say I want to be an investor more than the points you mentioned, because sometimes we are more adapted from the ability to make investments.

You're right about ponzi investing and besides, I think those types are people who are just learning about investing. I have also invested in web ponzi when I was just learning to invest, and I did it unconsciously, without research, and just following the trend. However, from time to time, I think I'm also on the sidelines of investors doing their research before investing.

It is very difficult to mention which category of investors to invest in because the investment will usually depend on the person himself, he has to apply his knowledge, skills, and intelligence for where to invest. You are right that Ponzi scheme investors are not good at fraud corruption like Ponzi schemes are actually hard to detect. Most of the time it comes to light when an insider reports the incident investors are drawn to such schemes by the lure of huge profits. It will be better to practice the market yourself and check the correct currency to invest in.

Disagreed with ponzi scheme investor type, I think no one would invest in ponzi scheme knowingly, some investors get swayed away by sugar talk and fall for these schemes, if they were to know workings of ponzi schemes they wouldn't continue to invest in them.

Anyway, if I were to categorize myself, I'd fall under 3rd one, researcher investors category.