Influence of pessimism and optimism on the market and how it affects individuals

[dabenko]

One of the most sensitive part of the crypto space is its market. The reason being that it can easily be influenced by lots of factors, which contribute to either its uptrend or downtrend, depending of the nature of the influencing factor (negative or positive).
Pessimism simply means having negative sentiment about a situation or something, which in this case, about the crypto market, whether past, present of future. While Optimism denotes having positive sentiment about it.

Cryptocurrency has had and is still having a lot of backlash from several people, either knowingly for personal gains or out of ignorance. Most of the times, it is done out of ignorance, because many noob do not understand how the market operates.

Having said this, pessimism or optimism most times has its impact on the market and on individuals that exhibit them. For instance, there were a lot of negative sentiments about the market in 2018, as a result of the downtrend in the crypto space. We would not have had it as much as it occurred, but this was aggravated by the negative thoughts and utterances against the market. To the point that some saw the market dying, instead of seeing the opportunity to acquire more. Until now, just because they could not take advantage of the then moments and opportunities, they are still at loss and are still pessimistic about cryptocurrency. Which means pessimism "begats" more pessimism.

On the other hand, while the pessimists keep losing or missing golden opportunities, the optimists keep amassing more wealth for themselves, due  to their positive view about the market and how much they were able to take advantage of it. So also the positive sentiments about the future of cryptocurrency
as well as the products being generated is what is bringing about the uptrend in the market and this might continue just as far as it is maintained.

My view about the present market upsurge is that optimism outweighs pessimism. Therefore, decide on which you want to go for.

[BitcoinHodler]

that is one of the smaller factors affecting the market. the main reason is simply because bitcoin price is stable!
like always whenever bitcoin stopes being "exciting" some of the traders move their funds over to the pump and dump show to try their luck in doubling their money in short term prior to the next bitcoin move.
this is why altcoins get dumped every time bitcoin price starts rising up.

[Lagonda]

I don't think it's about pessimism or optimism that affect people. Some people believe in bitcoin's potential then they buy bitcoin, accumulate it by trading, doing bounty, faucet...etc. Some don't believe and they put bitcoin and related topics on their ignore list. But even for those who believe in bitcoin and crypto, they're not all benefited. I'm sure many of them buy bitcoin at $19k and are still waiting their way back home. After all, money is not naturally born especially in financial games like stock, forex or crypto trading, money just moves from one's pocket to another one. Optimism may bring you opportunity but it's knowledge that bring you success.

[lyks15]

I don't think that this is a big factor. Because you are the one will decide on the road that are you going to walk. Even there is a negative or positive feedback about you are doing if you want to do it because you only want nothing will stop you. You don't need any positive feedback to do something but you do something because you want. Make sense.

[Cosbycoin]

I believe that it is those who Don't really understand the market will go about spreading fear when something is going on, we have been in the crypto space for a while now and we can tell what is going on because we have been seeing one pattern for a very long time, so I don't See any reason why we need to panic about the market, let's just forget about pricing and focus more on the technology.

[mannybitcoins]

Interesting opinion, thanks for your topic. I think you are right, but this is not the main factor in the change in the market trend.

[timmmers]

Pessimism and optimism? Who cares about that in long term? We are all positive in long term, so why are you afraid in short term? If price goes down, I will buy more and I will be positve.. Where is the problem? 

[qazgroup]

Positivity and negativity are two massive factors and they not only influence individuals but also businesses, processes and all kinds of markets so it applies to crypto market as well and i think recently market has just turned positive from negative sentiment and to me market seems energetic and unstoppable now which are great signs for growth of crypto market.