Post
Topic
Board Economics
Re: The mentality of an average wannabe investor
by
davinchi
on 17/12/2018, 09:38:46 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.
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.