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Author Topic: Crypto is more like “a psychological experiment than a serious investment"  (Read 416 times)
blockman
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June 29, 2018, 10:35:48 AM
 #101

Bitcoin won't disappear and the common words that you will hear from the crypto community is that "Bitcoin is here to stay".

This professor is either no coiner or wants to see bitcoin at the bottom so that he can start picking up the weak handlers coin at a very low price. It's common when someone wants a lower price of bitcoin, they will call the media and cover their opinion which creates bad view though they don't have bitcoin to hold.
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June 29, 2018, 11:11:05 AM
 #102

many people assume cryptocurrency play is different everybody has a difference if you think bitcoin like that is up to you but obviously bitcoin is not bubble but more like wave.
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July 04, 2018, 12:04:57 PM
 #103

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? Huh
While some people may be dumb as, there are still lots of people that are making lots of money from it. Some people who are millionaires today, were able to do so through what they achieved from Bitcoin. So whatever anyone has to say, all that matters is if you’re making money.

Not everyone would make money in this business, it’s somehow like all these pyramids’ or whatever they are being called. When someone is making profit another person is out there making loss.
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July 04, 2018, 12:12:16 PM
 #104

I think that this is awesome, yes this period of time is not the best for long-term holding or investing, but for traders it's a dream time,  when you really can just turn your monthly income in a day.

It is really the best of the option as people have become millionaire and billionaire last year and their life has changed a lot from their on. Things changes when you do such type of investment and it yield you serious benefits of it. Keep investing and let the world know that you can make money from it as well.

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July 10, 2018, 05:30:07 PM
 #105

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? Huh
I feel like crypto investment is a very serious investment because you need to be very precise and wise while investing into bitcoin like when you need to buy bitcoin and in what amount and when to hold them or when to sell them so I think this thing requires very wise ness and serious ness but yes bitcoin investment also requires some sort of psychology also in fact investing into crypto currencies is a combination of many things and you need a great presence of mind while investing into bitcoin.
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July 10, 2018, 08:02:57 PM
 #106

I don't want to dispute what the professor has said. There is a possibility of what ever he said coming true. Bitcoin was created by humans, and as the saying goes, nothing lasts forever. But I am quite sure that Bitcoin may well be a recognized global currency in the far future. But its future performance or value is what may be difficult to predict by anyone.

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July 10, 2018, 09:10:14 PM
 #107

Bitcoin won't disappear and the common words that you will hear from the crypto community is that "Bitcoin is here to stay".

This professor is either no coiner or wants to see bitcoin at the bottom so that he can start picking up the weak handlers coin at a very low price. It's common when someone wants a lower price of bitcoin, they will call the media and cover their opinion which creates bad view though they don't have bitcoin to hold.

You obviously don't know anything about Robert Shiller. He's a Nobel winning economist who's work has focused on the tendency of capital markets to inefficiently price assets and create bubbles. He predicted the Nasdaq bubble and the housing bubble, and he says that Bitcoin displays the same characteristics common to bubbles. Shiller doesn't go out to the press badmouthing Bitcoin because he wants to buy it cheaper, reporters and economists constantly ask his opinion of it because they are familiar with his work on the creation of asset bubbles, so he tells them his opinions. What's more is that we know at this point that Bitcoin was a bubble. It crashed from $19,000 to $6,000 in a rapid collapse. The only thing left to determine is if it is still a bubble at these prices.
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July 29, 2018, 09:21:32 AM
 #108

This market is no different than the competition and the psychological challenge investors as well as users. It can measure the emotional level of each participant. There will be joy and confusion of emotions hard to describe, but in general have participated in this market, most people have little profit and except those who are too greedy, impatient.

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July 29, 2018, 10:05:37 AM
 #109

Another criticism which is based only on personal dislike. Today, criticism can be called a breakthrough in the global economy and it means fighting with the obvious. About a single European currency, too, once thought of as a utopia
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July 29, 2018, 10:16:44 AM
 #110

It is true. people can be frustrated or disappointed when crypto prices continue to fall and do not improve. so that makes investors frustrated and investors to sell so as to lose. we as investors should be able to overcome our psychological when it happens and we must be patient to wait for a long time.

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August 18, 2018, 02:11:02 PM
 #111

I do not think so. Investing in the Cryptocurrency market is not a lottery game. I do not deny that investments in the Cryptocurrency market are risky, and often do not follow the normal investment rules. But investing without research and strategy, you will almost certainly fail. If you want to experience the psychology of chance, you play bingo. If you want to be an investor in a new market, try to be an investor in the Cryptocurrency market.
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August 18, 2018, 02:29:07 PM
 #112

Maybe that is true ,that is really happenning, it is more than a serious investment because your mind are always in use whenever there are something happenning in your investment ,your mind will be disturb on how you do to make your
Investment be in good condition always.

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