Quote from: julzcoinbit on August 16, 2018, 08:41:07 AM

Quote from: imadmirer on July 02, 2018, 06:33:28 PM

Honestly, many people seek cryptocurrency more because of its volatility. Whether they do it consciously or not, they wish to make large money quickly. This can happen only with a volatile market. Further, we find a lot of newbies even in this forum feeling bad that they lost money or they could not make money as value of BTC has not risen much especially with the expectations being high after the 2017 last quarter. Seeking such profits is not bad but before investing I feel there is a need to prioritize the needs that could be fulfilled with such an investment as BTC especially if you are looking to make money soon rather than keep BTC as a long term investment.

This very motivation and idea behind the investment will speak volumes on the reaction of the investors once the market is down. Strangely, many people do not sell when the market price is high and even when their purpose of investment will get fulfilled. They wait for the price to soar even higher. And if the value starts trickling down, they still hodl and wait for the price to move beyond the point where it had last peaked high. But again, when the market is in a steep downfall, instead of buying, many people will start panic selling and end up in loses. Many a time we find this even in the new threads and discussions even within our forum.

So what it is that makes you invest in crypto? Is it because it caught your fancy? Is it the volatility? Is it because there is a need to fulfil in your life? IS it because you are a day-trader? Or is it fun?

Me? Its because of money, because here In cryptos nothing Is impossible to make you earn a lot of money tthrough Investing with different coins, especially In bitcoin. And If I just came up here earlier way back 2009 tp 2010 where as the value of bitcoin was so low, I'll Invest It more. And probably I have now a thousands of bitcoin and might be one of the whales these days.

If you can anticipate the future, then surely you are not here, maybe you are at the moon. This market is always interesting and investors still have many opportunities so do not be too pessimistic about this market.