Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Investor Psychology:
by
God bless u
on 09/11/2023, 18:28:55 UTC

1. Fear and Greed: Bitcoin investors are susceptible to bouts of fear and greed. Fear can lead to panic selling during price dips, while greed might result in FOMO (Fear of Missing Out) buying at peak prices.

In Bitcoin's investment no body should be worried about market dump and they should not have fear of lossing money because there comes a time every year when price goes up and investor get rewards from it. Although greed behaviour is present in every investment as it is the humans nature that they are not satisfied for what they have so if they desire for more then they loss their original profit too.


4. Patience and Discipline: Successful Bitcoin investors often exhibit patience and discipline. They stick to their investment strategy despite market swings and avoid impulsive actions.


Yes this point is very important and if someone have no patience and they become aggressive during market dump then there will be more chances of lossing money because they will be unable to think correctly. Psychological control is also very important in trading to be successful and one should not think impatiently but think well before next step. If one is not using good strategies and run for the profit then it is possible that profit will never be obtained by that individual because we remembered that investment or trading is not fast earning tool.