Why makes you so confident in your investment decisions?

[JungleEskimo]

Something I noticed is I see a lot of people saying something like this: "I invested in this coin, it looks good." It's a very common phrase when someone gives a recommendation around here.

It's telling when someone says "that one looks good" instead of saying "I know that one is good"

It like when you ask your friend a question and they say "I think so" instead of "I know so". It's away of distancing yourself from your answer to mitigate any damage in case you're wrong.

It also strikes me strange when someone's got a portfolio with 10 or more different cryptos, I just think that's plain wrong. Ideally you should have up to 3 cryptos (personal opinion), and I've explained why in this thread https://bitcointalk.org/index.php?topic=3627234.0 but the takeaway is that cryptos are risky business. It's not good to expose yourself more than you have to. It's like staying in the casino longer than you need to.

If you were offering a sniper rifle or a shotgun to someone, the person with his/her eyes wide open would choose the sniper rifle. The person with their eyes closed would choose a shotgun.

[JungleEskimo]

jesus christ i messed up my own thread title... lol

[o_e_l_e_o]

-snip-

Your 80/20 assumption is flawed for a couple of reasons. Firstly, it only applies if you are picking projects at random. Secondly, much more than 80% of altcoins are complete trash and will be worth nothing long-term.

I own more than 3 coins. I am completely happy with all the coins I own because I have spent time reading their whitepapers, roadmaps, githubs, development, etc. and not just blindly listening to shills on here/reddit/twitter/4chan/anywhere who say "good project" about whatever bags they happen to be holding.

[JungleEskimo]

-snip-

Your 80/20 assumption is flawed for a couple of reasons. Firstly, it only applies if you are picking projects at random. Secondly, much more than 80% of altcoins are complete trash and will be worth nothing long-term.

I own more than 3 coins. I am completely happy with all the coins I own because I have spent time reading their whitepapers, roadmaps, githubs, development, etc. and not just blindly listening to shills on here/reddit/twitter/4chan/anywhere who say "good project" about whatever bags they happen to be holding.

nice, whats your holdings?

[JerryJam]

I am confident in my investments. More precisely, I am sure that I made the right decision by investing in bitcoin. I read a lot of information. I analyzed it and made some conclusions. First of all, I sifted out untrue information I trust my friends and on their positive example I decided to invest in bitcoin and never regretted it.

[o_e_l_e_o]

nice, whats your holdings?

I don't generally reveal what I'm holding for both my own privacy and security, and because just giving out a list of coins I'm holding is not beneficial to the people reading it. You should look in to projects yourself, and only once you understand them and believe in their future should you consider giving them your money, not because you read a random post shilling some coin.

[kindbtc]

To be honest each and every investment is potentially risky and i have not felt much confident about the random coins, the only solid coins like btc, eth make me comfortable because i know price will bounce back and will increase overtime as these coins are real and solid projects with limited supply and large number of uses.

[terrific]

Don't forget the another phrase, "it has potential". I think I used this before or last year when the emerge of altcoins are there but now it's different.
Most of the tokens now are totally coming out of nowhere without real plan and progress in the future, it makes everyone want to invest because of good marketing.
I have bitcoin on my stash and I'm confident with it, rise or fall I'll keep on holding because I know so.  

[TheBiochemist]

Anything with dividend or ROI from e.g staking will have a pull on investors. Bitcoin is a massive network that consumes huge amounts of electricity so it feels doomed. New faster, cheaper and less consuming currencies will be used but still currencies give no ROI so no investor or institute would ever hold to much of em, perhaps a currency portfolio / fond etc

[marginal]

 I don't know from time to time I just am relying on my intuition, this is just an experience, well you can just look on the project and make a conclusion is it worthy of your investments.

[PhantasmRisk]

My research, analysis and experience make me confident about my investment decisions. As here are a lot of scams I always research,analysis that site before investing and my experience also helped me a lot.

[ivanleon]

There was some confidence when I just started, tried to trade. Against the background of the current situation in the market, confidence has evaporated and doubts about investments have appeared.

[btccashacc]

There's only 2 reasons why do people so confident in their investment:

1. They do their own research.
These people not only investing their money into the project but also making a deeply research regarding the project, that's why they are so confident and convicing other to follow their way.

2. They get paid by spreading this.
It's clear that promoters will tell you to buy the coin that they promoted. I'm advising you to not ask people which project you want to invest just do your own research.

[Eddyc]

If we do not trust ourselves and our intuition, what can we trust? There are many investors who point to the currency or project because they are sympathetic and want success for a profit in the future, this is normal and we can also consider it as a healthy speculation and that moves the market. Now what can not recommend a currency in a phase of fall or failure. So knowing what to recommend is essential to avoid false expectations and talk nonsense.

[TomArayaSlaya]

Read and decide how to make your investments am sure with more reading and research you will expand your portfolio

[danim1130]

When I say those words I will make sure first that the investment or the cryptocurrency that I will buy is based on my research what I mean is I studied it first before saying it cause many members will see how the feedback of us and we can't tolerate to say not true about investing.

[Master of Shitcoins]

Actually you don't know for sure if your investment will be a good one. If it would be, so everyone would be rich already. All invesments are opinions about probability you hope to reach sometimes. By analyzing your investments you can make sure you tried your best but how it happens in future nobody knows...

Good luck!

[Scambusterz]

I can never be absolutely sure of my investment decisions. We are working with you in a market where nothing can be predicted for sure. At any moment the situation can change.

[Greed Dev]

Everybody has their own investment decision. and everyone is sure to find out about the pennies they want to invest. so that they always have confidence in their investment decisions

[Piskeante]

Confidence in this is very irresponsable.

The reason behind why people see this bloodbath and continue confident, is because they feel (without any reason to do it), that the market will recover for some reason unknown.

They WANT TO BELIEVE IT. They don't accept reality, and they hope they will get away with this, they will win money and all will go well. The problem is that it's possible to see a never-ending dip that can crash the basis of this market and this option is more bound to happen than to see a bullrun.

It's a combination of ignorance, faith and irresponsability with your own money. But hey!! the best meme will be seeing this people hit their heads to the wall watching how they've lost it all due to a blind-faith in something that shouldn't be trusted by any means.