Crypto is more like “a psychological experiment than a serious investment"

[aso118]

I do not agree if bitcoin investment is considered as a psychological experiment. Investment of any form/kind requires a psychological analysis because with such analysis a trader or investor can make speculation about the price to come. We will not know the price will move in any direction without us knowing the most emotional person when looking at the current price conditions.

Not really. There are economic theories which talk about 'efficient markets' and 'rational investors'. These apply to a certain extent to liquid markets like equities and bonds. In the case of crypto markets, the markets are far from efficient. They are susceptible to market manipulation and impulsive behaviour by emotional investors.

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[pitiflin]

Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, expressed his idea about cryptocurrency.

Lol,his name is Shiller.

Will the bitcoin disappear? What's the true value of bitcoin? What essence in bitcoin are we paying for?

Bitcoin will not disappear.
There is no true value of bitcoin,because of its volatility.
Essence? Just because bitcoin is intangible doesn't mean it has a particular essence. You are paying for something called a cryptocurrency. You can buy and sell it,for anyother cryptocurrency or fiat,

[jmlona]

Understandably cryptocurrency could be seen as an experient on our psyche, but I don't think that's what its purpose was created for. Just like many other things that effect our human behaviors and mentality, Cryptocurency produces many emotions during trading and when the price of bitcoin rises and falls. So in that sense I would agree that it could be an experiment on how we handle certain situations, but really cryptocurrency is much more than that.

[dinar99]

Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, expressed his idea about cryptocurrency.

"I'm interested in bitcoin as a sort of bubble. It doesn't mean that it will disappear, that it'll burst forever. It may be with us for a while," said Shiller.

"To me, it's interesting as another example of faddish human behavior. It's glamorous," he added. The bitcoin craze reminds him of tulip mania in the 17th century, the event which is considered one of the first recorded speculative bubbles where a buying frenzy and lofty expectations replace rational justifications for an item's value.

The price of bitcoin grew so fast. The cryptocurrency hurtled above $1,000 in early 2017 after trading at less than a $1 at the beginning of the decade. It even hit an all-time high north of $20,000 in mid-December. (recommend FuninUSA for updated data about cryptocurrency)

A lot of people have benefited from the cryptocurrency investment. But Shiller would still like to see it as a psychology experiment. “It is more psychological than something that could be explained by the computer science department,” He said.

Bitcoin held above $8,000 on Friday morning after topping that level a day earlier. The two-day rally comes after a weak start to April likely tied to tax-related selling. Prices dipped below $7,000 earlier this month.

Will the bitcoin disappear? What's the true value of bitcoin? What essence in bitcoin are we paying for?

I think crypto is definitely a serious investment because it requires a lot of experience and exposure to the market to trade profitable. Just experimenting with it will not produce profitable results. In the hands of how much profit a trader can get depends on the psychology of investors such as how he responds to losses. That's in my opinion.

[squog]

Well there are always nay sayers when it comes to bitcoin. Heck, even a century old fact that the earth is a sphere still has nay sayers. Then again, it's a matter of letting others voice out their opinion and having a rational smart discussion about all of these.i just hope that BTC is not a bubble and will ultimately become the currency we want it to be.

[mbm_ico]

I answer your questions:
1) Bitcoin will not disappear from our world.
2) The true value of bitcoin is the one you now see on the screen (it is constantly changing and this is its charm)
3) You do not need to compare crypto-currencies with tulip-mania, first you have to carefully study this question.

[laravuemaster]

Yes investing in crypto market involves a psychological aspect also. But it’s wrong to address crypto only as a psychological experiment. It’s much more than that. I think crypto is definitely a serious investment because it needs a lot of experience and exposure to the market to trade profitably. Only experimenting with it will not yield favorable results. On the hand how much profit a trader can earn depends on the psychology of the investor like how he responds to the losses, etc.

I do agree on that, there is a news on that before where a student commit suicide because he cannot handle the price of his coin that is dumping in the market and because of that he commit suicide, it can always affect the persons capability of thinking depending on how much he invest because there is always a risk.

[zakariajaki]

Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, expressed his idea about cryptocurrency.

"I'm interested in bitcoin as a sort of bubble. It doesn't mean that it will disappear, that it'll burst forever. It may be with us for a while," said Shiller.

"To me, it's interesting as another example of faddish human behavior. It's glamorous," he added. The bitcoin craze reminds him of tulip mania in the 17th century, the event which is considered one of the first recorded speculative bubbles where a buying frenzy and lofty expectations replace rational justifications for an item's value.

The price of bitcoin grew so fast. The cryptocurrency hurtled above $1,000 in early 2017 after trading at less than a $1 at the beginning of the decade. It even hit an all-time high north of $20,000 in mid-December. (recommend FuninUSA for updated data about cryptocurrency)

A lot of people have benefited from the cryptocurrency investment. But Shiller would still like to see it as a psychology experiment. “It is more psychological than something that could be explained by the computer science department,” He said.

Bitcoin held above $8,000 on Friday morning after topping that level a day earlier. The two-day rally comes after a weak start to April likely tied to tax-related selling. Prices dipped below $7,000 earlier this month.

Will the bitcoin disappear? What's the true value of bitcoin? What essence in bitcoin are we paying for?

for me that opinion is interesting and very rational opinion, considering the crypto become one of the investor's goal to invest its capital, being in my opinion, crypto one of alternative of economic and technological bridge, and the view which is conveyed in my opinion also true, but not close the possibility that crypto be one of the achievements is also the gate of the future of the economy, whether crypto will disappear I think eliminate crypto is very difficult because if eliminated the same undo the intention to open the door of the modern future, both transactions, values ​​and forms of investment the value of bitcoin price is not there is able to manage but there is a limit of each sale or buy transactions, my prediction crypto will be fine and will find pengunanya as an alternative form of the value of money, all depending on the users of each, although all there is positive consequences da n negative, may be useful and successful for all of us

[supercanada1]

Understandably cryptocurrency could be seen as an experient on our psyche, but I don't think that's what its purpose was created for. Just like many other things that effect our human behaviors and mentality, Cryptocurency produces many emotions during trading and when the price of bitcoin rises and falls. So in that sense I would agree that it could be an experiment on how we handle certain situations, but really cryptocurrency is much more than that.

I do not agree about crypto being a psychological experiment and practical involvement in the crypto market. In my opinion, calling it a psychological experiment takes it a bit away from the real world to what some people also call it a scam. I believe it is more like a practical game rather than a psychological game because you have to stay and act actively in the market and hold or sell at times favorable for the motto of profit maximization.

[neliawesome]

I dont think bitcoin is just a psychological experiment.Why do we need some test?investing your money just for having an experiment?Thats totally crazy.Investment is not a joke or a play because its all about money.Your money that came from your hardwork.Why we will let our money taken without an assurance?So psychological experiment sounds crazy.All investors here in bitcoin are aiming for good profit and they are not just having a psychological experiment just to test or prove something.

[Dmitry.Vastov]

Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, expressed his idea about cryptocurrency.

"I'm interested in bitcoin as a sort of bubble. It doesn't mean that it will disappear, that it'll burst forever. It may be with us for a while," said Shiller.

"To me, it's interesting as another example of faddish human behavior. It's glamorous," he added. The bitcoin craze reminds him of tulip mania in the 17th century, the event which is considered one of the first recorded speculative bubbles where a buying frenzy and lofty expectations replace rational justifications for an item's value.

The price of bitcoin grew so fast. The cryptocurrency hurtled above $1,000 in early 2017 after trading at less than a $1 at the beginning of the decade. It even hit an all-time high north of $20,000 in mid-December. (recommend FuninUSA for updated data about cryptocurrency)

A lot of people have benefited from the cryptocurrency investment. But Shiller would still like to see it as a psychology experiment. “It is more psychological than something that could be explained by the computer science department,” He said.

Bitcoin held above $8,000 on Friday morning after topping that level a day earlier. The two-day rally comes after a weak start to April likely tied to tax-related selling. Prices dipped below $7,000 earlier this month.

Will the bitcoin disappear? What's the true value of bitcoin? What essence in bitcoin are we paying for?

I am completely disagreeing with the above stated statement that “crypto is more like a psychological experiment rather than a serious one”. I think one should first understand the potential and the good deeds that has crypto did till now and is still doing. For instance bitcoin has always provided employment to millions of people and all those countries who has legalised bitcoin is now experiencing very high development so it’s very innovative and very serious investment of Satoshi Nakamoto.

[Lorence.xD]

I think the other way. Bitcoin is not psychological experiment but a virtual reality which can not be explained with such terms. It is real because it usage the real energy and it creates valuable assets after complex maths solving and stuff like that. Thats not even close to psychological experiments. People are not having fun here but doing some serious coding so that blockchain can work and we can use it to transform the way transactions and money circulation works! Where is the psychology here? The prices that are increasing in this market is a result of the investment, new tech approaches and people putting their money into it just like they do for the stocks and golds.

Crypto currency is investment is not by any means a "Psychological Experiment", if this so i don't think investors, traders,HODL will participate in investing into crypto market, A digital, decentralized crypto transaction with a growing market capital investment amounting to Millions of US Dollar a "psychological experiment"? i don't think people would ever participate into an investment such like this crypto for an experiment. Some are losing money or gained profits in crypto investment. It maybe virtual currency transaction but it is real and very real.

[Palmerson]

It seems to me that buying cryptocurrency is not an investment. I am more inclined to consider investments in ICO as investments. Buying bitcoins is a speculative operation. Unfortunately bitcoin has all the signs of the pyramid. I hope I'm wrong. But I recognize this only after the bitcoin will be used in all stores as payment.

[katiecbell]

Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, expressed his idea about cryptocurrency.

"I'm interested in bitcoin as a sort of bubble. It doesn't mean that it will disappear, that it'll burst forever. It may be with us for a while," said Shiller.

"To me, it's interesting as another example of faddish human behavior. It's glamorous," he added. The bitcoin craze reminds him of tulip mania in the 17th century, the event which is considered one of the first recorded speculative bubbles where a buying frenzy and lofty expectations replace rational justifications for an item's value.

The price of bitcoin grew so fast. The cryptocurrency hurtled above $1,000 in early 2017 after trading at less than a $1 at the beginning of the decade. It even hit an all-time high north of $20,000 in mid-December. (recommend FuninUSA for updated data about cryptocurrency)

A lot of people have benefited from the cryptocurrency investment. But Shiller would still like to see it as a psychology experiment. “It is more psychological than something that could be explained by the computer science department,” He said.

Bitcoin held above $8,000 on Friday morning after topping that level a day earlier. The two-day rally comes after a weak start to April likely tied to tax-related selling. Prices dipped below $7,000 earlier this month.

Will the bitcoin disappear? What's the true value of bitcoin? What essence in bitcoin are we paying for?

Yup, he may be right, but all that matters is what you are making from it. In every business there are people who are making profit and there are also people that are not making even a single profit, you can call them the losers. So I suggest that if you are not achieving anything from this, you have only two options: to improve your skills and get better or you can quit.

They can go ahead and call it a bubble, but this so called “a bubble” has changed my life in lots of ways. I can at least start up my own business, pay my rents/bills and buy myself a meal🙂.

[embargo]

The professor is absolutely right, this is an experiment. The goal is to see the results, how you can control a completely digital society. When the creators of this experiment get their results, a single world currency will be introduced. And this will be the digital currency, the crypto currency. And the name is not so important. Bitcoin, Phoenix ... Think of the magazine "Economist", 1988 ...

[Bakemat]

It seems to me that buying cryptocurrency is not an investment. I am more inclined to consider investments in ICO as investments. Buying bitcoins is a speculative operation. Unfortunately bitcoin has all the signs of the pyramid. I hope I'm wrong. But I recognize this only after the bitcoin will be used in all stores as payment.

Well that's your opinion, investing on cryptocurrency is still very profitable today because the market price is very low, bitcoins to use on online stores is just one of its advantage aside from it was good for long term investment.

[Aikidoka]

It is arguably said that bitcoin is more than a serious investment. As a matter of fact, people always get panicked as if this is the end of the world. Bitcoin has been playing with their mind for such a long time. It is as if it is manipulating them, and that is exactly what is going on. The moment bitcoin ceases to exist, you will just see people going mad. I do not blame them. Everyone wants to win and have good profits. But they also need to calm and be patient.

[SvonioneFromMangoCoinz]

Yes, that's right. I also think crypto is a psychological test. Investors have patience will earn money, and those who do not have the patience will go bankrupt when investing in the crypto market.

[richardsNY]

Everyone wants to win and have good profits. But they also need to calm and be patient.

People should treat Bitcoin less as an investment and start using it more as currency. Bitcoin itself is stronger than ever despite the price that has gone down from its speculative peak. I can't wait for the day that the price becomes stable and the crazy speculation becomes less important. Everyone hopes for the price to moon, but that's just an empty thought that will never satisfy you. I very much dislike Roger Ver with everything he's doing and saying, but his consistent support for the currency (cash) aspect is admirable. Merchants accept Bitcoin but almost no one is using it as such. 

[South Park]

Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, expressed his idea about cryptocurrency.

"I'm interested in bitcoin as a sort of bubble. It doesn't mean that it will disappear, that it'll burst forever. It may be with us for a while," said Shiller.

"To me, it's interesting as another example of faddish human behavior. It's glamorous," he added. The bitcoin craze reminds him of tulip mania in the 17th century, the event which is considered one of the first recorded speculative bubbles where a buying frenzy and lofty expectations replace rational justifications for an item's value.

The price of bitcoin grew so fast. The cryptocurrency hurtled above $1,000 in early 2017 after trading at less than a $1 at the beginning of the decade. It even hit an all-time high north of $20,000 in mid-December. (recommend FuninUSA for updated data about cryptocurrency)

A lot of people have benefited from the cryptocurrency investment. But Shiller would still like to see it as a psychology experiment. “It is more psychological than something that could be explained by the computer science department,” He said.

Bitcoin held above $8,000 on Friday morning after topping that level a day earlier. The two-day rally comes after a weak start to April likely tied to tax-related selling. Prices dipped below $7,000 earlier this month.

Will the bitcoin disappear? What's the true value of bitcoin? What essence in bitcoin are we paying for?

Does someone know if someone is saving all of those articles so when bitcoin succeeds far beyond our wildest dreams we can show to all of those experts what they thought at the moment and make them eat their words? It is incredible that someone that should know a thing or two about economics does not understand the strong fundamentals of bitcoin, but since bitcoin is hard money similar to gold and most of the current theory goes against that I can more or less understand why current economists do not understand bitcoin.