Post
Topic
Board Economics
Re: The mentality of an average wannabe investor
by
clrpod
on 12/12/2018, 10:21:02 UTC
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.