Bitcoin Forum

Greeds and selfish interests in the mind of Bitcoin enthusiasts is the derivation of the market sentiments by which determines the prices of Bitcoin.

I actually came up with this thread after a Bitcoin fan tolde he has interest to invest on Bitcoin and after lecturing him about the volatility trends of the market, he said he can not invest on an asset that its value is Potential to be depreciated just so soon.
He literally did not consider that the value of his assets is potential to increase so soon as well but instead he is being grieved why it would depreciate but meanwhile... This is same guy who sets aside that he need the price to fall so that he could buy and hold against the markets appreciation.

Investors would only appreciate the market when there is market increase as much they are holding but yet this same investors some times wished for the market Dip so that they could buy high values of Bitcoin in cheap rates.

Their instincts is that once they have buy, the market should skyrocket so that they can place sell orders to make huge profits while beginners would be instigating at the opposite.
Everyone is based on selfish markets prediction strictly on self moderating interests.

The contrary other is literally the basics of the Bitcoin market sentiment amongst holders and beginners approaching the market.

Is good that you have told your friend about the volatility of Bitcoin because who knows his intention or understanding about Bitcoin investment for him to change his mind that way, perhaps he must have been thinking that Bitcoin investment is a quick way for him to start making money, however what he fails to understand is that Bitcoin volatility does not matter since it cannot prevent Bitcoin from reaching the goal.

In the case of wishing for the market to remain bullish is very common for almost all the investors especially those who have accumulated a lot of Bitcoin on there portion, so all there wish will just be that Bitcoin should continue increasing, so you shouldn't blame them because making profit at the end of our investment is the desire of every investors, however is very funny that while most of the investors wish for bulish market that's how other people who are just starting there investment are also hopping for the market to dip more further so that they would be able to accumulate a lot of Bitcoin.

Price of Bitcoin firstly and mainly determined by value of Bitcoin that comes from its design: open source, decentralized and its utility and use cases. Market sentiment is another factor that comes after things decide value of Bitcoin. Without value, I beg that it's nearly no price on the market.

Investment means going with your capital and investment portfolio for long term. Investment is not a way to make money quickly or get rich quickly. Thinking of investment like this is wrong and won't lead to successful investment.

Because when people focus on short term, aim at get rick quickly, they will forget their investment target and turn to trading or worse trading with leverages or futures that are only bad for them with liquidations in this volatile market.

Hahaha, such a person cannot be called an investor. A person can be called an investor when he has little knowledge of investment or has invested in an asset. These aspiring investors have refused to learn and understand that there is no magic in Bitcoin investment. Things don't go our way, whenever we want it. The first thing in Bitcoin investment knowledge is to understand the nature of Bitcoin, and how to store their coins and protect it from theft.

Tell your friend to go over and over again to lear the nature of Bitcoin because that is where he is missing out. When he understands that Bitcoin prices fluctuate it could be going up today and the next day is going down. Always expecting that the price should drop when they want to buy and when they buy it should start going up is not realistic at all. Tell him to wake up from his delusion if not he won't be able to buy any Bitcoin at all. The earlier he realized this the better for him.

This is what I always advocate for and you have done. Tell people the truth and reality of investing in the market. There's no pride in saying because of me they invested in Bitcoin yet they were not sufficiently informed about the highs and lows, the reds and greens of the market .

Well at the core of every human is self-centeredness and greed and the rest of them. For investors it is just how they are wired. That's why we have pump and dump and they don't care who losses out as long as it is not them. That's why we have pyramid and all types of ponzi schemes. It's more than an investor tendencies but core human tendencies.

The contrary other is literally the basics of the Bitcoin market sentiment amongst holders and beginners approaching the market.

Assume he understood your explanation very well, to know that bull and dip are the major things that made investors to have interest on bitcoin investment, because there are some investors who will be waiting for the price to dump before they can buy and hold for long years while there are some investors who will be waiting for bull season to come before they can sell to make income. If you can understand those two things in bitcoin investment, there is nothing that will stop you not to have interest on bitcoin investment, I can still remember how my relative introduced me to bitcoin investment, and he make me to understand the basic of bitcoin market sentiment, and I was very happy to take the risk to use small funds to start the investment before I got to where I am now, and it has made me to like bitcoin investment than other cryptocurrencies investment.

Investor's interest is profit.

All investors want profit but they can have different strategies for their investment. Strategies can be DCA and don't care of bull or bear market; or DCA in bear market mainly and nearly stop doing this in bull market when they only wait for time to take profit; or always wait for dips to buy and take profit after a good recovery, it's more like trading, no longer as investing.

Using money for investment without due diligent research, lack of knowledge, understanding about market history, how a cycle works, and other things, will cause expensive cost on these people. As consequence of knowledge deficit, they will not have strong hands but weak hands instead. With weak hands, they will be panic, and fearfully exit the market in dips while smart and experienced investors wait for dips to get better entries and profits.

You know what they say if wishes were horses, beggars would ride, there is absolutely no one that doesn’t want a thing that doesn’t favours them, an investor would wishes for the market to be bullish while someone looking to either get into the market or someone looking to increase or add to their size will be hoping to add for a bearish sentiment while fuders will only be wishing for the opposite of the market and they still wouldn’t take advantage of it. So this are all human nature that cannot be changed

I don't really see the situation as greed because investors will always want to protect personal interests. The reason why people invest in any business is to make a profit. They want the market to always be favourable so that investments will bring profit within the shortest time. But that's not always a real-life situation since there will always be a risk of losses. Investing in Bitcoin is lucrative because if the price goes up, you make a profit; when it goes contrarily, it brings an opportunity to buy cheaper Bitcoin. Potential investors need to learn how the market works to stay away from avoidable losses.

To take full advantage of the Bitcoin market, new investors should be advised to consider using the DCA investment pattern.

That is exactly the point.
Every Bitcoin earners including traders and investors literally just want the fluctuation of the Bitcoin market to go on their ways but reverse of the sentiments be the case that there are oppositions in the market but meanwhile... They are all of the same goal which is making profits but quite unfortunate that despite that, a faction is hoping for a Dump in other to buy before holding in surge for interest while those whom are already holding are hoping for Pump still in other to make interest.

The good morning things about this Bitcoin market sentiment is that... There is no possibilities to manipulate the market. So, it is hence of no payouts of those investors who frowns over a current market condition by which it is not going as expected.

The only way is... Patient and buy at any given opportunity and then hold.
Then, every Investors would reach their goal but on different occasions depends on individual targets and time frame set aside either for a long or short term goal.

Then he is no investor, Bitcoin market is open to anyone but not everyone is bound to see the benefits and choose to become part of it. Bitcoin is volatile, that should even be the whole fun in the market where opportunities are taking to make good use of those down prices and accumulate more. I made a topic (https://bitcointalk.org/index.php?topic=5504157.msg64360156#msg64360156) on why investors should value volatility especially while on it's Dips.

Your friend should have been more concerned on accumulating relatively with the period where the market is experiencing a down side to help him build up his portfolio instead of him worried just when to sell. Good thing you informed him earlier instead of blatantly giving him sweet stories which if he did invest and saw how his dollar value worth of Bitcoin keeps decreasing as a result of volatility then maybe would have been more serious to change his mind from selling.

Bitcoin market can be manipulated and you have enough time in this market to know this fact. "No possibilities to manipulate the market" is not true.

This market is volatile and by market manipulations, there are squeezes in up and down sides with Short squeeze and Long squeeze. This Bitcoin market is smaller a lot than stock market which is manipulable too.

Do you think stock market is impossible for manipulation too?

My first time to know that selfishness relates to market sentiment. I knew that greed, fear, uncertainty are basic things contribute to market sentiment, but not selfishness.

https://alternative.me/crypto/fear-and-greed-index/
https://www.binance.com/en/square/fear-and-greed-index
https://www.cointree.com/learn/crypto-fear-and-greed-index/
https://studio.glassnode.com/metrics?a=BTC&m=indicators.FearGreed

They don't define their Fear& Greed Index with any factor from Selfishness of investors.

It's our nature, but if a person (his friend, let's say) wants to succeed, he needs to learn that there is not only gloom, but doom sometimes ahead ;D

I used to be the person in that description of yours

When the market dipped, I bought some, hoping it will bounce back sooner, when eventually the market keep going down, I was becoming nervous, but bought some more in hope I will get  some more profit. Then, when the market finally on rise, I was waiting for the higher price, until eventually it went down again, even only slightest price reduction, I regretted it, "why didn't I sell it earlier?".

After awhile, I got exposed more information about Bitcoin and I keep educating myself about. Now, in order to maintain my mental stability, I choose to hold, that's what I learned from this forum so far.

Maybe the guy was actually looking for short term trading strategy where he can buy at a DIP and sell when the price skyrockets, I don't see it as a greedy person but he lacks patience and i commend you opening up to him about the market fluctuations because this kind of people if you don't tell them about how the market works and they invest without knowing about the upwards and downwards movements in the price of bitcoin and such a person invest and the price starts DIPPING they will become so angry with you without knowing that the price will return again.  Even without thinking about the profits you stands to gain as a Bitcoin investor but owning a valuable asset like Bitcoin is worth being proud of.

All of us are the same after we purchase, we all want that the market should skyrocket already but that's not happening anytime soon. Another scenario is when we're selling, the market all of the sudden shoots up and I don't know if I am the only one that experienced that but I guess others have experienced that too.

That is because we have invested our hard-earned money in the market and we're having biased predictions that shall be in favor of us. That's a normal thing to have predictions and self interests on this market when you have not just invested only money but also time to watch the market carefully.

Whoever buys an assets does so with the intent to sell at a much higher price. I wouldn't blame the hguy you onboarded if he decided not to get into bitcoin because of the potential losses he might incur. If anything, it's good that you exposed him to the risks involved in getting into Bitcoin so that he can make a well informed decision before proceeding. If anybody doesn't want to get involved because of the risks, it's their loss because a wise man once said — scared money makes no money.

All investors are actually self-centered and are highly greedy to expect for quick gains. But as their experience grows in the market and becomes more understanding on the market volatility, that’s when they develop more patience because they now clearly understand that if they go more greedy, they will lose everything they have worked hard from the start. So it’s like they’re left with no choice but to be more patient and wait until the market signals them to sell, otherwise if they’ll sell at a lower price, they’ll end up at a big loss.

Those who fear the volatility of the market will never invest their money in Bitcoin or other crypto currencies, and it's always better to not suggest anything related to crypto to such people because their fearful and skeptical mind won't let them to invest in any crypto asset and wasting your precious time of such people isn't worth it at all.

I believe you were lucky that your friend who was fearful didn't invested in Bitcoin because if he had invested in Bitcoin and out of sudden Bitcoin's price had got a huge dip then that friend of yours would consider you responsible for it. And, such fearful investors are the ones who sell in fear to avoid more losses but actually they're preventing themselves from earning huge profits.

I agree. There is always a risk at hand, small and big, and everybody decides for themselves whether they take it or not, and potential profits at hand with them.

Don't persuade anyone to invest in Bitcoin. If your friends ask you how you are able to succeed in investment just send them any Bitcoin resources you have whether vide, pdf or direct them to the forum. I believe when they learn by themselves and have so much experiences here or anywhere they are learning and pratisinc then they will understand what you have ben telling them from the start. This is very relatable to me because i was dick headed at the start even if my brother was trying to help me start an investment. I remain ignorant until i got to get the knowledge by myself and here i am doing great.

You are right. Everybody should cross this road first for themselves to get it and then have some opinion on it ;D

Bitcoin market can be manipulated and you have enough time in this market to know this fact. "No possibilities to manipulate the market" is not true.
Well, I am it a bit skeptical to contradict my thought about the impossible market manipulation as speculations has always been that a big Bitcoin whale as Donald Trumps political awarenesses drives positive and negative impacts in the crypto market but it has not been proven after admitting that Bitcoin is a no sole decisions nor autocratic by a monopoly government of its volatility to be jingled literally on a favour of one particular user without an equivalent effect to other users.

I was strick to say it can not be manipulated in my view considering the stock market where there are series of monopoly market setups by which other stocks, traders or even the investors can be placed on hold or even kicks out of the market based on sentiments in the industry or even political affairs just for a particular stock to excel in favour of a particular trader or investor while others are perished.

On this fact I was convinced on my view that the Bitcoin can not be manipulated but the stock can always be.

That's true because so many traders today started with short term holding and before they no they had already become a trader, perhaps that's why most people normally see short term holders as a traders because even if they may have not started trading immediately but with time the short term holding will certainly change there ideas into trading, that's why anybody who plans for a long term holding shouldn't think about short term because the moment they made a little profits from there short term they would be lured completely into it, well the issues with people about long term holding is just the timeframe because they would be imagining the profit they could make within the Short term instead of holding for long without knowing that long term is the best.

Yes. At best, we can only introduce our friends and family to Bitcoin and Crypto but the final decision is always going to come from them not us. I like to think about it this way. The technology that powers Bitcoin is going to get adopted everywhere in the near future and the early Bitcoin bandwagon members will enjoy the most benefits.

Again, there are millions of people that won't adopt crypto even at that point because they don't easily get soaked in to a new technology similar to how some people have been pushing back on the AI advancements instead of trying to learn more and engage with it especially AI and Bitcoin are poised to be technology of the future.

As human beings we are, we want the crypto market to go our way each time, whenever it doesn't, we feel sad, have some regrets in our mind about why didn't we sell when the market was showing green candlelight, or wait longer to buy some coins than buying them when they haven't stop experiencing a decline journey.

Severally, I had felt bittered about why I didn't sell my altcoin, not Bitcoin holdings when it was at a high price rather than buying additional coins at a high price when I thought that would be their low price. Many of us one way or the other, felt bitter about this, but we do try to console ourselves, thinking good about the unforeseen future that our investment in Bitcoin and some altcoin will pay off for us someday, maybe this upcoming bull run. That's mainly our belief because of the market sentiment we hear concerning the bull run

:)
In the same way, I am always surprised when I see motivational topics about how to become a millionaire or memoirs of those who teach how to get rich. If only everything were that simple. Beginners interested in investing in Bitcoin frequently see only one side: the one that must bring them profit. Many do not even understand what volatility is. If one day their funds fall into a whirlpool of decline for a certain period, they immediately begin to blame both Bitcoin and those who persuaded them to invest money in it. Therefore, the OP did everything correctly. People need to know and be prepared that when investing, you need to be patient and not run away at the first unexpected fall.

You don't want to be anyone financial advisor because if anything goes wrong, you will be the one to pay dearly. If someone like family and friend to buy Bitcoin, I just act like there is nothing sweet about it which is true from different views but if they insist in some points, I might have a change of mind but that will come with full discussion about the good and bad side of Bitcoin and I wouldn't sugarcoat anything for you so you don't come back and tell me stories.

If anyone should come to you about crypto investment, altcoins should be what you should use to discourage them because when they see that Bitcoin might not be as profitable as they Altcoins, they will most likely go and buy altcoins which might seems the best for them even after deep discussion. Before warn is before harm but they wouldn't listen.

I won't waste my time trying to explain things about Bitcoin they asked me some questions, which I would answer if I have the knowledge about. Those kind of people who only want the profit and do not want anything to do with the risk would give us questions that which require us to give answers to defend ourselves, like an interrogation. I would just give them a way where they could learn it by themselves

That only shows that human beings have different perceptions and perspectives. But one thing is certain, they all want to take an edge while there is opportunity to do so. It's just that those opportunities for others may not be a good opportunity for some. So the variations is there. It simply shows how uncertain human beings are.

Bitcoin is just too risky to convince people to get into bitcoin investment. And I know people will be more fearful to invest when we start telling them that bitcoin is certainly a high-risk asset. However, it’s also a different case when we are trying to correct these people and they still stick to their own perceptions about bitcoin. My advice with that is they should learn it by doing. Until they won’t start to invest in bitcoin, they will never know how risky bitcoin is.

I also think Bitcoin market is mostly controlled by people greed and desire for personal gain. This leads to big price changes. I have also seen investors say they want prices to go down so they can buy more but then they want prices to go up fast so they can sell and make profit. This is selfish way of thinking that ignores possibility of prices falling and does not consider how others might be affected.

Market is mostly driven by what individuals want with both experienced and new investors trying to make as much money as possible. This creates cycle where prices are driven by emotions other than smart thinking. In the end this way of thinking can make market unstable and hurt people who are not prepared for risks.

You have done well by informing your friend how bitcoin or cryptocurrency entirely works. It is good as they think of the good side, they should also prepare for the worst because volatility makes it impossible to always gain, the market is always two sided either rise or fall. That is why it is often advice to invest for a longer time frame to avoid emotional problems. Because when newbies invest in bitcoin they don't sleep, they are always awake looking at their asset to grow overnight and failure to increase as they expect you recieve the blame. I will say that before anyone will want to learn how to make profit from bitcoin we should try and let them know the downside of it also to avoid embarrassment. Because newbies can be embarassing when the see their asset fall.

Totally! Innovation will still push through, and it's non-negotiable, really ;D Eventually, it will happen.

And maybe that's us? When someone has a negative take on Bitcoin, it's hard to change that thought from that person if they don't like investing in it.

The market sentiment of BTC changes from time to time and many can't take its volatility because of just how risky it is for them to put money on it.

While experienced holders like me, I can say that whether someone thinks negatively about Bitcoin and they don't want to invest on it, I wouldn't care. We've got ways of determining a risk if we can take it or not.

Invest smartly and carefully to get profit is good and healthy. It's very different than people who use money carelessly and use it like gambling in the market with leverage trading or futures trading. Those people are greed, greedier than intelligent investors but their endings would be worse, and end with either big losses or bankruptcies.

If you already understood enough about Bitcoin, had a strong belief in it, and you built up your hodler hands and strong confidence, you will actually not care about fud, positive things talk around you or on media about Bitcoin. It's because you know what you are doing and you know that Bitcoin is one of best investment choice for you in your life. It can help you to improve your individual and family finance a lot if you invest your money in Bitcoin with good strategy such as DCA.

Dollar Cost Averaging with costavg.com include exchange fee (https://bitcointalk.org/index.php?topic=5471532.0)

I couldn't agree more. I won't speak just for myself but also for sure that we've got a lot of these folks that have that diamond hands that have been holding not just for several months, not just for a year but for years.

We all know what is happening and where Bitcoin is going to go soon in the near future. We understand the power and effectiveness of holding and that's why we're moving forward into the upcoming peak for this cycle.

We're not yet on the peak but we're all hoping that it will come if not for this end of year, maybe somewhere on 2025 which is very likely that it will be there.

What i understand mostly is that when doing investment do not think about what market would holds at that very moment instead thinks about the long term projection because on normal stance, if you are already holding bitcoin you never pray for the market to dip again neither would say that any bad news should happened to the market. So it's to other people especially those that are really missing the market they want the market to dip extremely so they can as well accumulates enough bitcoin, while people trading would never allowed the market to dip also to avoid them losing much dollars equivalent. So as an investors it's always good to apply Dollars Cost Average with this you would have nothing to worry all about whenever the market dip, you buy some portions and wait to see the next moves and when it falls below you can still accumulate more with this method you aren't on a confused state where you wouldn't know what to do again.

We can not know about future and Bitcoin All Time High or Time the market that when ATH will appear. One market cycle is about four years and by history, this cycle can end in late of a next year in 2025 or perhaps will prolong shortly till early on 2026 like January 2026.

It is some hints based on market history and with an assumption that history will repeat. To be safe and make sure you won't stuck in a bear market, let's plan to exit around late months in 2025.

Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you (https://bitcointalk.org/index.php?topic=5483225.0)

Haha, that's quite a straightforward approach.TBH everyone should adopt such an attitude towards those who test their patience and show off in their zone. Honestly, I've encountered another category of people who ask questions just to waste your time or to see if you really know anything, such a ridiculous approach, especially when the tester doesn't even understand what the other person is talking about. These are the types who ask questions about Bitcoin and the market just because they've heard of it somewhere by chance, and in the end, they don't even care. Meanwhile, the explainer goes into detail, guiding them on the right path to avoid potential risks they've encountered themselves, genuinely trying to teach something valuable.

I wonder if these people waste others' time even when they have no intention of taking any action.

😂 What were you expecting before...

Well, that's the nature of mankind. Humans don't like suffering pains of any kind. In most cases, we want to concern ourselves with only those things that benefit us at all time, not minding what others feel or their loss too. That's what it's. The ones I've issues with are those who don't like passing the benefit they've enjoyed (or enjoying) to the next person. Your mentee wants price to fall so he could enjoy good entry, forgetting that someone has to lose for another to profit. Whether market is bullish or bearish, there are always buyers and sellers to keep the process going. It's a good thing you spelt out everything to him so he's equipped with the volatility of Bitcoin going either way – up or down. These ones who are reluctant getting in now are likely to have September as their last chance before they gnash their teeth in regret. It's going to be soon.

There is actually nothing wrong for any investor to think about the market dropping down before so that they can acquire as much as they can, but what I find wrong is for them to completely think that they can control the market by wanting it to start to skyrocket immediately they are done purchasing what they need and can afford.
 
The bitcoin market has always been in a way that only those who are patient can enjoy good profit from it because you can't completely predict when the price will be going up.

I've encountered this type of people and I just don't mind them because I can see that there's no real intention to learn but only to criticize people how well they know about bitcoin and the nature of its market. And the worst part is, no matter how you'll explain to them, they will always stick to their own perception about bitcoin, so minding them could only be a waste of time and effort. Better to just leave them on their own beliefs.

Not every person is suited for every type of task. Many people are not mentally or physically prepared for every task. Many people do not trade and do not think well of trading. These are the people who fear putting their money at risk. Yes, you said rightly that one should never force anyone to do anything because if he gets hurt in that work then he not only blames you but also your friendship and good relationship with him.

Therefore, tell others what work you have benefited from or what work is beneficial in your view, but never force them to do the same work because it is not necessary. It is that from where you are getting the benefit, they also can get the benefit.

You said I am the only one in the whole family who does trading. Others don't understand trading. They see a lot of risk in it. In their eyes, trading means walking around with your money in your hand. Anyone can steal it. But this is their own thinking because they don't know much about trading their research is not as much as mine so I never forced anyone to trade yes definitely advised them to learn.

I honestly see nothing wrong in wishing that the market be in our favour. If these thoughts of wanting to control the market the way we want it to be is a crime, then all of us would be guilty of this very crime. It is very necessary for bitcoiners to be honest with prospective investors whenever they are educating them about bitcoin because not all of them will be patient enough to wait till they get the results they so much desire to get from their investment.

There is seriously no point forcing anyone to invest in bitcoin, those who know they cannot take the risks and are honest to themselves will stay away from bitcoin and that does not make them stupid. The stupid ones are those who lied to themselves because of greed.

No matter what business people invest in, even if people invest in Bitcoin, they expect profit after the investment.  I think this is very normal.  But Bitcoin is a completely volatile market, its price is never fixed.  It keeps rising all the time.  And to here I think the investor has to be very brave. 
Because it may depreciate after investment, it may depreciate over the years.  In that case if the person gets anxious then his health may be damaged.  Of course he has to bear the risk of falling prices if he is to succeed.

You can explain this to your friend well.  If she understands and trusts you then you can ask her to be on this platform otherwise you won't.  He will misunderstand you.