I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?
In my own estimation, I think that investors are more likely to share a story about a loss than about profits in bitcoin. Their stories of loss are everywhere on the internet - on blogs, forums, Twitter, Facebook, and other social media platforms. And they do it for two reasons which may be intentional or not. They are, to garner sympathy from the public and secondly for it to serve as a example to new investors to carry out a thorough research and understand the market before they make any investment. I would say that for security reasons most investors unless the big ones are very hesitant to share their bitcoin success stories.
I will divide into 2 types of investors. For those who regularly share their losses in the market, what they want is to give a warning to newbies rather than seek sympathy. Because most of us come to the market to make profits, not to seek sympathy or friends. The second type of investors are those who often share huge profits, talk about their philosophy of life and say they like to help others… often people without good intentions. These people want us to join their signal group, sell courses or entrust investments...So we should be more wary of these types of investors than type 1.
You are right in thinking that big investors often do not like to appear in public, but not everyone chooses to stay silent and ignore the community. Many people still join social networks to share experiences and make market predictions because joining social networks like Facebook or X does not require them to reveal their identity to the community.