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 ?
Common mistake I guess. But actually, I never view those who shared their success stories, negatively. The part that we should be keeping an eye with is people's mindset when it comes on investments. Not because others are in big profit, same thing will come in an instant on your end as well. Everything varies; knowledge of an investor, circumstances that he/she lives on, decision making, and also the amount you have invested. Any of this could create variation with profit outcomes. If you're just eyeing with the part that you'd earn profit then you're in the wrong path. If it is that easy to make profit from this industry, all of us should be rich by now. There's no such thing as an easy way to earn profit. Much better if you would as well be preventive of loss than to just be optimistic or profit alone.