The mentality of an average wannabe investor

[coolcoinz]

I was reading some of the mainstream press the other day, just typical news and politics, and among the articles was one about the fall of cryptocurrencies and "enormous losses that Bitcoin investors have to endure". What got me reading were the sarcastic comments below. Idiots wanted to buy fake money and got burn. Ponzi scheme. Bubble burst. They bought something that doesn't exist. It's going to 0 because it's worthless! There were a few saying that it's the best time to invest if you thought about it during the bull market and thought the price was too high, but those posters were downvoted and ridiculed.
 
The average investor is always on the loss, because he's always angry and negative.
When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble!
When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!

Go to some mainstream forums and talk to people outside the tech space once in a while and you'll see why they aren't making money and why they will never make money.
This is also the reason why bull market cycles are so similar and why they will keep repeating. The vast majority of people never learn, even when they see the same thing happening again and again. You'll see it when we have another bull market and Bitcoin reaches a new high. Let's say that it will be 50k USD, followed by a year long bear market that will take us down to 6000 USD. The society will continue to call it a ponzi scheme that is going to 0 this time for sure and they still won't buy at the bottom. They'll say that those who bought in the previous bottom were lucky and this opportunity will never come again. Don't be a grumpy investor!

I'm sure that less than 10% of the people around you knew about Bitcoin in 2017 and had the opportunity to buy. Less than 0.5% actually bought. Out of those, most sold at a loss and didn't make any money, or lost the coins at scams, casinos, hacked exchanges, ICOs.
If your coins have more value now then at the time of buying, you can be proud. You're among the elite!
 

[1715647746]

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[1715647746]

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[Dimon8]

I learned about Bitcoin in 2013, but then, unfortunately, I did not believe in it. I created my investment portfolio in September 2018, at the moment all my coins show minuses, but I don’t regret because I firmly believe that the time will come when my portfolio shows XXX.

[butka]

I see comments like that on my local news websites all the time. And I don't pay much attention to them. I always remember the saying: "He who laughs last, laughs best." That time hasn't come yet, but it will, for sure.

The general population will always buy high (when the hype is great) and sell low (in panic). That's why, on average, most wannabe investors lose. That seems to be inevitable.

What I firmly believe in, is that these bear runs are good for the entire space. They will purge the weak coins, so that the winners may continue stronger than ever.

[eroejoe]

I do not know what these people doing on bitcointalk forum if they did not believe in crypto future, especially these people which saying that Bitcoin will go to zero. Emotion driven investing decisions usually are bad decisions. I am glad that I did not invested more than I am willing to lose, so my emotions about my investment are not that strong.

[Kakmakr]

Haters will hate and fools will lose money and blame other people or the commodity or stock, but never themselves. This is just how people's mentality works. Most of these people have never invested before and 2017 was their first experience in currency trading.

You cannot blame people for being human. So, the best thing we can do, is to show them where they made their mistakes and then hope for the best. <8 out of 10 time, these same people will make those mistakes again.> 

That's just how humans work. 

[Harkorede]

The average investor is always on the loss, because he's always angry and negative.
When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble!
When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!

That'd always be it, I've come across people who bought BTC for around ~$9,000 that aren't moved with the current trend because they believe in what they Invested in and are definitely not in it for the temporal benefit but the future, while you'll see people who bought BTC for about $3,500 create a new thread daily to rant about losing $20 - $100. My take on it is that people will always choose to either be positive about an investment and some would always find a reason not to be.

[jrrsparkles]

Simply humans ar act just like sheep,they will do what others have been doing for long time but when someone is at the end of investment cycle they are not going to make anything that is why average investor is at losses always.Be different and create your path rather than following others to be more successful investor.

[ShadowBits]

I was reading some of the mainstream press the other day, just typical news and politics, and among the articles was one about the fall of cryptocurrencies and "enormous losses that Bitcoin investors have to endure". What got me reading were the sarcastic comments below. Idiots wanted to buy fake money and got burn. Ponzi scheme. Bubble burst. They bought something that doesn't exist. It's going to 0 because it's worthless! There were a few saying that it's the best time to invest if you thought about it during the bull market and thought the price was too high, but those posters were downvoted and ridiculed.
 
The average investor is always on the loss, because he's always angry and negative.
When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble!
When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!

Go to some mainstream forums and talk to people outside the tech space once in a while and you'll see why they aren't making money and why they will never make money.
This is also the reason why bull market cycles are so similar and why they will keep repeating. The vast majority of people never learn, even when they see the same thing happening again and again. You'll see it when we have another bull market and Bitcoin reaches a new high. Let's say that it will be 50k USD, followed by a year long bear market that will take us down to 6000 USD. The society will continue to call it a ponzi scheme that is going to 0 this time for sure and they still won't buy at the bottom. They'll say that those who bought in the previous bottom were lucky and this opportunity will never come again. Don't be a grumpy investor!

I'm sure that less than 10% of the people around you knew about Bitcoin in 2017 and had the opportunity to buy. Less than 0.5% actually bought. Out of those, most sold at a loss and didn't make any money, or lost the coins at scams, casinos, hacked exchanges, ICOs.
If your coins have more value now then at the time of buying, you can be proud. You're among the elite!
 

As I see from the past people that had got in this crypto space is only here because they only want to get a lot of money from here.

[hugeblack]

If we think that this forum is for Bitcoin lovers, people who really believe in it, and we look at the comments after each collapse, we will see panic and panic. How do you expect it for those who think it is as a bubble?
We are looking to invest in Bitcoin as an easy way to make a lot of money, which makes it just worthless speculation.

Be a believer when you buy, or look for a guaranteed way to speculate.

[Mhd-Bobbi]

Go to some mainstream forums and talk to people outside the tech space once in a while and you'll see why they aren't making money and why they will never make money.

Not only investors can lose, but almost all now, because they have seen a market that is not too friendly. Indeed, today is the best to buy and collect as much as possible, I am sure investors are also collecting now, because they believe that in the coming year, market prices will rise high, so they only see that bitcoin is down to fix and settle.

[ATMD]

I was reading some of the mainstream press the other day, just typical news and politics, and among the articles was one about the fall of cryptocurrencies and "enormous losses that Bitcoin investors have to endure". What got me reading were the sarcastic comments below. Idiots wanted to buy fake money and got burn. Ponzi scheme. Bubble burst. They bought something that doesn't exist. It's going to 0 because it's worthless! There were a few saying that it's the best time to invest if you thought about it during the bull market and thought the price was too high, but those posters were downvoted and ridiculed.
 
The average investor is always on the loss, because he's always angry and negative.
When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble!
When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!

Go to some mainstream forums and talk to people outside the tech space once in a while and you'll see why they aren't making money and why they will never make money.
This is also the reason why bull market cycles are so similar and why they will keep repeating. The vast majority of people never learn, even when they see the same thing happening again and again. You'll see it when we have another bull market and Bitcoin reaches a new high. Let's say that it will be 50k USD, followed by a year long bear market that will take us down to 6000 USD. The society will continue to call it a ponzi scheme that is going to 0 this time for sure and they still won't buy at the bottom. They'll say that those who bought in the previous bottom were lucky and this opportunity will never come again. Don't be a grumpy investor!

I'm sure that less than 10% of the people around you knew about Bitcoin in 2017 and had the opportunity to buy. Less than 0.5% actually bought. Out of those, most sold at a loss and didn't make any money, or lost the coins at scams, casinos, hacked exchanges, ICOs.
If your coins have more value now then at the time of buying, you can be proud. You're among the elite!
 

Lol, this is an interesting insight into the mentality of investors, thank you

[jimbo2000]

I think the error starts at the very beginning for these people. They often invest in to something they know nothing about and have little interest in. It then becomes difficult to follow the market and fully understand the potential and the trends. They just see their BTC as fiat.

[The Sceptical Chymist]

Idiots wanted to buy fake money and got burn. Ponzi scheme. Bubble burst. They bought something that doesn't exist. It's going to 0 because it's worthless! There were a few saying that it's the best time to invest if you thought about it during the bull market and thought the price was too high, but those posters were downvoted and ridiculed.

I would have been singing in that chorus back in 2012 or so when bitcoin seemed like a ridiculous form of electronic currency that was completely unnecessary.  It reminded me of that digital currency Whoopee Goldberg used to promote (Flooz) back in 1999 or so.  People thought the internet somehow needed its own form of money.  Nobody ended up needing it or using it, and it died.  It took me a while to figure out how bitcoin is different, how it's P2P and not under the control of any corporation or government.  Some people still don't understand this, but as far as the world needing bitcoin, I can see their point.  Right now I don't think we do, but if there came a time when fiat money suffered a severe crash, it'd come in pretty damn handy.  It's also useful for online anonymous transactions.

The other things you mentioned also happen in the stock market.  When prices are up, people think it's too expensive to buy; when the market crashes, they get scared and don't want to buy something that's obviously on sale.  Even worse, if they sell at a loss when the stock they own starts to plummet.  The markets are a weird taste of human psychology.

I do not know what these people doing on bitcointalk forum if they did not believe in crypto future, especially these people which saying that Bitcoin will go to zero.

A lot of them are trolls, though I'm not sure why you'd have an account on bitcointalk if you really didn't believe there was anything to bitcoin.  My guess is that at least some of them are bitter about losing money at some point, and they're trying to spread the misery as far and wide as they can.

[dothebeats]

I guess this is already embedded within an average investor's psyche: trying to time and game the markets for maximum leverage and discrediting the opportunities arising thinking that he can always make one if he so do want. I've seen countless of posts regarding not buying early when the price is slowly rising and not buying late when the price is already at the lowest ebbs of the current cycle. Most can't just fully commit into investing, and just end up leaving comments on the sidelines without actually experiencing the market conditions first-hand.

This will never be changed. Everyone wants to profit, but not everyone has the guts to start it.

[coolcoinz]

I do not know what these people doing on bitcointalk forum if they did not believe in crypto future, especially these people which saying that Bitcoin will go to zero.

A lot of them are trolls, though I'm not sure why you'd have an account on bitcointalk if you really didn't believe there was anything to bitcoin.  My guess is that at least some of them are bitter about losing money at some point, and they're trying to spread the misery as far and wide as they can.

I doubt these people know what Bitcointalk is. Most of the ones that commented under that article were typical people who work over 8 hours a day, drive home for another hour, eat dinner, grab a drink, and watch a movie in bed. They don't even have time to troll the forums at home. Most of them read news and write comments from work. They get frustrated reading about some kid becoming a millionaire by investing in some fake Internet money, while they have to write reports for 10 bucks an hour. Life sucks if you can't think outside the box.

Some people still don't understand this, but as far as the world needing bitcoin, I can see their point.  Right now I don't think we do, but if there came a time when fiat money suffered a severe crash, it'd come in pretty damn handy.  It's also useful for online anonymous transactions.

Some countries need it more than others. If I were a citizen of Venezuela, China, or North Korea, all I would think of is getting my money out of the country and cutting myself free from the decisions of my government (at least financially because they can still arrest me). If your government is checking how much money you're carrying at the airport and puts restrictions on bank transfers, it should be a brutal wake up call for you. A sign that you might will cryptocurrencies sooner than you think.



P.S For those who thought that I'm talking about Bitcointalk, or Reddit here, I wasn't. These were the comments on a local news site, the one where you rarely get comments from people looking for a way to put their money to work. The average Joe still thinks that Bitcoin is fake money, a scheme, drug money, or a bubble, and even though he knows that it has potential, he's too scared to invest. He'll never make money because he'll prefer a 3% savings account that he doesn't have to worry about.
We are the 1% ladies and gentlemen

[rickadone]

The problem with investing in this market is that people who have not been interested in bitcoin longer than 1 year is seeing only the worse part of bitcoin. They have seen it go up once and they have been in a bear market ever since. This causes them to think bitcoin had a faulty move upwards and going back to what it should be to begin with or even going to die off. That is the wrong type of thinking but thats all they have seen in the past year.

People who have been around far longer like me does know that bitcoin tends to do these kinds of silly moves upwards and downwards but in the end the long term projection has always been high. Even during the worst times if you wait enough it goes back up, we remember what happened in 2014 and afterwards, it took YEARS before it got back but when it did the all time high of 1400 became 20 thousand.

[Oilacris]

I don't know about these kinds of people but their thinking is incurable if they only think like that. What a bunch of losers wherever you put them they would just eventually drag you down if you know them. Investing is very risky so, if you invest you should know that the risk is already there that your investment might burn or gain depending on your analysis.

[exstasie]

The other things you mentioned also happen in the stock market.  When prices are up, people think it's too expensive to buy; when the market crashes, they get scared and don't want to buy something that's obviously on sale.  Even worse, if they sell at a loss when the stock they own starts to plummet.  The markets are a weird taste of human psychology.

Yup, it's a universal thing. Markets are all about psychology, which is why gauging sentiment can be really useful as a trader. I always watch things like the Speculation board, Crypto Twitter, the Tradingview chat, and Bitfinex/Bitmex long vs. short data to gauge what other people think will happen. More often than not, when most people believe something, they're wrong. Like you said, at the bottom people are too scared to buy. At the top, I find people are usually too greedy to sell. It's a whole fear/greed cycle.

[haroldtee]

Well, the thing is that basically, an average investor we get to see in the market today want to get rich but they do not want to learn and adapt to the things necessary to make better investment decisions. Learning in the sense that, they have no clue where they are investing, the reason why they even have to be focused on long term, and what part the market or the technology has to play when it comes to the benefit it serves without just thinking of the increase in value or moon, which is what has made the market extremely speculative till date. Apparently, what just happens is that they will always most of the time stay negative, or if lucky and smart, manage to learn from their mistakes and be ready to make better decisions in the long run.

[jimbo2000]

The other things you mentioned also happen in the stock market.  When prices are up, people think it's too expensive to buy; when the market crashes, they get scared and don't want to buy something that's obviously on sale.  Even worse, if they sell at a loss when the stock they own starts to plummet.  The markets are a weird taste of human psychology.

Yup, it's a universal thing. Markets are all about psychology, which is why gauging sentiment can be really useful as a trader. I always watch things like the Speculation board, Crypto Twitter, the Tradingview chat, and Bitfinex/Bitmex long vs. short data to gauge what other people think will happen. More often than not, when most people believe something, they're wrong. Like you said, at the bottom people are too scared to buy. At the top, I find people are usually too greedy to sell. It's a whole fear/greed cycle.

It is why for years people have had great success in gauging market/group psychology instead of focusing too much on fundamentals. At the end of the day it doesn't matter if something is the best thing ever, what matters is if people believe that it is. BTC could in time fall victim to this, it is one of the most revolutionary things of our time BUT it could be that long-term enough people don't begin to see this, or that they are disillusioned by what they see in mainstream media.

[eaglewhite80]

I do not know what these people doing on bitcointalk forum if they did not believe in crypto future, especially these people which saying that Bitcoin will go to zero. Emotion driven investing decisions usually are bad decisions. I am glad that I did not invested more than I am willing to lose, so my emotions about my investment are not that strong.

You really do think most of the people you see on bitcointalk have a clue what they are doing. Virtually a larger percentage of the people on bitcointalk heard that they can make some bucks from campaigns and that was one of the reasons we saw so many of them driving here like bees. Sometimes, even when I get to see what some legendary members post when it comes to the way the market is behaving, I tend to wonder if they even managed to learn any lesson at all since they have been in this space.

It is what it is, mentality of people when it comes to increasing their wealth is to just hop into anything that makes that possible, as long as they hear of the promise, and they never care to learn the needful to make them understand what it takes to even be able to make good decisions when investing.

[virasog]

I learned about Bitcoin in 2013, but then, unfortunately, I did not believe in it. I created my investment portfolio in September 2018, at the moment all my coins show minuses, but I don’t regret because I firmly believe that the time will come when my portfolio shows XXX.

This time of commitment is not shown by many investors. Many people when they are in 10 or 20% in loss start complaining and feel that have lost everything.  Those who do not sell in panic and can hold for a longer period of time will surely be in nice gains in sometime in future.

[clrpod]

I do not know what these people doing on bitcointalk forum if they did not believe in crypto future, especially these people which saying that Bitcoin will go to zero. Emotion driven investing decisions usually are bad decisions. I am glad that I did not invested more than I am willing to lose, so my emotions about my investment are not that strong.

You really do think most of the people you see on bitcointalk have a clue what they are doing. Virtually a larger percentage of the people on bitcointalk heard that they can make some bucks from campaigns and that was one of the reasons we saw so many of them driving here like bees. Sometimes, even when I get to see what some legendary members post when it comes to the way the market is behaving, I tend to wonder if they even managed to learn any lesson at all since they have been in this space.

It is what it is, mentality of people when it comes to increasing their wealth is to just hop into anything that makes that possible, as long as they hear of the promise, and they never care to learn the needful to make them understand what it takes to even be able to make good decisions when investing.

It stems from the fact that people are always taught thinking along the lines of the early bird gets the worm. Applying that logic to something like bitcoin, everyone invests before they even know what they're investing in. Then their investment starts of doing well and they think it's some sort of miracle investment and they don't bother to ever research it. They just focus on their wealth increasing and nothing else. Then when the market turns sour they have no information or understanding as to why and panic sets in.

[davis196]

The average crypto investor's mentality is a total mess,if you ask me.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.

[nur rochid]

I learned about Bitcoin in 2013, but then, unfortunately, I did not believe in it. I created my investment portfolio in September 2018, at the moment all my coins show minuses, but I don’t regret because I firmly believe that the time will come when my portfolio shows XXX.

This time of commitment is not shown by many investors. Many people when they are in 10 or 20% in loss start complaining and feel that have lost everything.  Those who do not sell in panic and can hold for a longer period of time will surely be in nice gains in sometime in future.

of course patience will produce something good. but for the patient, not all investors can go through it, many of them panic sell, and it actually makes the market worse, especially if done simultaneously

[CarnagexD]

The other things you mentioned also happen in the stock market.  When prices are up, people think it's too expensive to buy; when the market crashes, they get scared and don't want to buy something that's obviously on sale.  Even worse, if they sell at a loss when the stock they own starts to plummet.  The markets are a weird taste of human psychology.

Yup, it's a universal thing. Markets are all about psychology, which is why gauging sentiment can be really useful as a trader. I always watch things like the Speculation board, Crypto Twitter, the Tradingview chat, and Bitfinex/Bitmex long vs. short data to gauge what other people think will happen. More often than not, when most people believe something, they're wrong. Like you said, at the bottom people are too scared to buy. At the top, I find people are usually too greedy to sell. It's a whole fear/greed cycle.

It is why for years people have had great success in gauging market/group psychology instead of focusing too much on fundamentals. At the end of the day it doesn't matter if something is the best thing ever, what matters is if people believe that it is. BTC could in time fall victim to this, it is one of the most revolutionary things of our time BUT it could be that long-term enough people don't begin to see this, or that they are disillusioned by what they see in mainstream media.
[/quote


  The common mentality by the newbies investors often time with the wrong notion about the in's and out of Crypto Currency investment. like easy money after they put in their money on some coins as posted in the market with out knowing the Fundamentals, Market structure, Market status of such coin. they even end up buying cheap coin with a very new in the market  yet  expecting to have a good returned. Sad to note that they fall to a false belief in crypto market investment.

[BartS]

The OP speaks the truth, most investors are losers, they do not get profits out of their investments and that happens mainly because they are always behind the events that happen in the market, if you want to be a winner you need to be ahead of the events, one easy example is that we know that in the future the price of bitcoin will skyrocket again, we do not know when that will happen but it will happen so the easiest thing that you can do now is to buy bitcoin and then wait until that happens and even that simple strategy is beyond most investors.

[pedangrusak]

as human beings, many of us are emotionally trapped in making arrangements so that we dissolve in market trends and sell coins which should be a long-term investment. crypto dynamics are present and the downward trend will definitely be followed by a significant increase at some time thereafter. news and FUD will continue to exist to fill every crypto fundamentals and we only need to wait to get profit

[Renaldi blackspadeteam]

I think they must have the right thinking to trade crypto,
because hesitant in choosing a decision it will always end in regret. sometimes smart people always think of the risks of each action ...

[MULTIK888]

Your words accurately describe the state of the average person who wants to earn a lot of money in a short period of time.
Only the strong will stay here and only a select few make a profit.
I am sure that the time of the bulls will come and also believe that the trend will soon change to positive, we just have to wait a little longer

[Theb]

Just when you start seeing articles that Bitcoin's bubble finally popped (funny enough the article is in the "opinion" section) you know that it has reached to the point that the mainstream media has started sticking it up into our asses that they were right all along. But I say let them ride out all the glory for today as we all know the bear season is where the haters are right most of the time, and to keep it real the only ones feeling the burn are the people who are at a loss, don't know what they are doing, or both. We will all have our winning moments when this cycle ends and reading articles that "Bitcoin finally popped" are only signifying that we are either near if not at the bottom level of BTC.

[Gibreil]

I learned about Bitcoin in 2013, but then, unfortunately, I did not believe in it. I created my investment portfolio in September 2018, at the moment all my coins show minuses, but I don’t regret because I firmly believe that the time will come when my portfolio shows XXX.

Yeah! I do want to be an investor but because I joined in bitcoin forum last year only, I hardly get my income since bear market came after the peak price. You are a good pioneer but you did not hold the moment. If I were you, I will put some effort in bitcoin back when 2013. I guess it could be hard from us right now to invest in bitcoin because we dont know if it will lose or go down more.

[1Referee]

Yeah! I do want to be an investor but because I joined in bitcoin forum last year only, I hardly get my income since bear market came after the peak price.

If you are just waiting for prices to go up or down, you create nothing, just waste precious time. On top of that, with how many derivate exchanges there currently are available, you could have made the bear market work for you instead of against you. In other words, it's your own lack of understanding that makes you not 'earn' anything right now.

In the end, the idiotic way of how average joes think is beneficial to all the true hodlers out here. Seriously, people with a functioning brain have seen their Bitcoin stacks grow while noobs have seen everything they own almost vanish. I can't thank them enough for that. Thank you for making sure stronger hands own your coins now.

My goal is to stack up BTC, not stack up USD.

[prasad87]

If we think that this forum is for Bitcoin lovers, people who really believe in it, and we look at the comments after each collapse, we will see panic and panic. How do you expect it for those who think it is as a bubble?
We are looking to invest in Bitcoin as an easy way to make a lot of money, which makes it just worthless speculation.

Be a believer when you buy, or look for a guaranteed way to speculate.

Forum is mostly people who want fast profits and don't know how to short.
Bitcoin is easy game if you know how to trade.
But people buy and expect higher prices, then panic and start complaining

[Marsilius]

I was reading some of the mainstream press the other day, just typical news and politics, and among the articles was one about the fall of cryptocurrencies and "enormous losses that Bitcoin investors have to endure". What got me reading were the sarcastic comments below. Idiots wanted to buy fake money and got burn. Ponzi scheme. Bubble burst. They bought something that doesn't exist. It's going to 0 because it's worthless! There were a few saying that it's the best time to invest if you thought about it during the bull market and thought the price was too high, but those posters were downvoted and ridiculed.
 
The average investor is always on the loss, because he's always angry and negative.
When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble!
When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!

Go to some mainstream forums and talk to people outside the tech space once in a while and you'll see why they aren't making money and why they will never make money.
This is also the reason why bull market cycles are so similar and why they will keep repeating. The vast majority of people never learn, even when they see the same thing happening again and again. You'll see it when we have another bull market and Bitcoin reaches a new high. Let's say that it will be 50k USD, followed by a year long bear market that will take us down to 6000 USD. The society will continue to call it a ponzi scheme that is going to 0 this time for sure and they still won't buy at the bottom. They'll say that those who bought in the previous bottom were lucky and this opportunity will never come again. Don't be a grumpy investor!

I'm sure that less than 10% of the people around you knew about Bitcoin in 2017 and had the opportunity to buy. Less than 0.5% actually bought. Out of those, most sold at a loss and didn't make any money, or lost the coins at scams, casinos, hacked exchanges, ICOs.
If your coins have more value now then at the time of buying, you can be proud. You're among the elite!
 

People will continue to hate what they don’t understand. And you just got to know that not everyone is meant to be an investor just like you are. Most of them you see that makes those hate comments are doing it out of anger, they are all just angry people because they missed it, so they are jealous angry that people were able to get rich and make ‘free money’ like they said, lol, without them knowing about all that. Let them keep being angry.

[davinchi]

I do not know what these people doing on bitcointalk forum if they did not believe in crypto future, especially these people which saying that Bitcoin will go to zero. Emotion driven investing decisions usually are bad decisions. I am glad that I did not invested more than I am willing to lose, so my emotions about my investment are not that strong.

You really do think most of the people you see on bitcointalk have a clue what they are doing. Virtually a larger percentage of the people on bitcointalk heard that they can make some bucks from campaigns and that was one of the reasons we saw so many of them driving here like bees. Sometimes, even when I get to see what some legendary members post when it comes to the way the market is behaving, I tend to wonder if they even managed to learn any lesson at all since they have been in this space.

It is what it is, mentality of people when it comes to increasing their wealth is to just hop into anything that makes that possible, as long as they hear of the promise, and they never care to learn the needful to make them understand what it takes to even be able to make good decisions when investing.

Investor and trader are different things. The average wannabe person wants to be a trader, they want to buy some obscure coin in order to get rich quick and they want their invested coin to do x10 quickly so they can move to the next one and make another x10 and so forth. Investor is the person who invests into something so they can make money later on.

For example banks have a lot of money in their "vaults" (not like they keep cash that much anymore) and they put all that money into investments and buy big parts of companies on the stock market so they can actually make profit with money. Money itself is worthless and becomes less valuable overtime so they invest that money into stuff that would later on make more money and worth more. That's what investment is and no crypto investor is like that.

[South Park]

Investor and trader are different things. The average wannabe person wants to be a trader, they want to buy some obscure coin in order to get rich quick and they want their invested coin to do x10 quickly so they can move to the next one and make another x10 and so forth. Investor is the person who invests into something so they can make money later on.

For example banks have a lot of money in their "vaults" (not like they keep cash that much anymore) and they put all that money into investments and buy big parts of companies on the stock market so they can actually make profit with money. Money itself is worthless and becomes less valuable overtime so they invest that money into stuff that would later on make more money and worth more. That's what investment is and no crypto investor is like that.

That is precisely the problem, if more people wanted to be investors and put their money in good coins for the long term then they will have nothing to fear from the movements of the market, but many want to buy a coin no one has ever heard and make a huge amount of money in a matter of days and weeks, and as you may guess most of those people are disappointed with the market.

[Seeker#9]

These kind of people don't really understand what cryptocurrency is all about and that is the reason why they bitcoin everytime its price go down. Those so called average wanna be investors are only concerned on how fast they can earn profits in cryptocurrencies. They must educate themselve first on the basics of cryptocurrencies and learn how to choose the right decision before investing or buying some coins.

[hatshepsut93]

If you are reading comments on mainstream media or social networks, chances are you are reading comments from people who never traded in their live and are just hating on Bitcoin because it makes them feel good because of those "I was right" moments when the price is going down. These people are blind to see that todays low is yesterdays all time high, that Bitcoin has went from literally pennies to $4,000 in 10 years.

But a ton of actual investors have made profits, anyone who has bought more than 1.5 years ago and hodled to this day is in green. Just 3 years ago the price was in 3 digits territory. Long term investors are most likely in profit due to historic upward trend, it's day traders who are risking and panic traders who are risking the most and tend to be negative like you describe.

[efxtrader]

Most new crypto investor suffering loss in 2018 because the price drop very deep. But if we want to make profits in crypto, we should hold our coin or token for long term because its sometimes the project still on progress

[BitcoinPC]

The average crypto investor's mentality is a total mess,if you ask me.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.

Yeah, most of the crypto investors come in the trading field with a hope to win big in a very small amount of time. The reality is that they cannot win big unless they have proper training  experience. Most of the newbie traders just lose their money.

[Nahl]

The mentally of majority crypto investors were very weak and simple example is in my country the most common people who had joining and invest on crypto because they want instant money but they looks never thinking the risk behind it even though they are already warning about the risk but they never listen because people thought the price of bitcoin will always be rise and when facing crash price they looks panic and sold their bitcoin and it was happen with repeatable that people apparently can not utilize uptrend and downtrend

[nur rochid]

The average crypto investor's mentality is a total mess,if you ask me.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.

Yeah, most of the crypto investors come in the trading field with a hope to win big in a very small amount of time. The reality is that they cannot win big unless they have proper training  experience. Most of the newbie traders just lose their money.

many just pay attention to the profits they've heard from the stories of successful investors, with amazing profits. but they forget that at risk, of course greed will arise when trading

[NavI_027]

What got me reading were the sarcastic comments below. Idiots wanted to buy fake money and got burn. Ponzi scheme. Bubble burst. They bought something that doesn't exist. It's going to 0 because it's worthless!

That's life. We, crypto enthusiasts, cannot please everyone to believe in the potentials of blockchain technology and to also love like the same way we love crypto. If they have bad impressions to crypto then let them be, there's no need to convince them to become a believer too because it will be a waste of our time. It would be pointless to explain and defend our side if the mind of that person was already closed for that kind of matter.

What I always do to those unbelievers I personally encountered is ignore them, as simple as that. I just work silently and let my profits speak for me . 

I'm sure that less than 10% of the people around you knew about Bitcoin in 2017.

I'm proud to say that I belong to the 10%. But honestly, I feel sad now because rhis makes me remember one of my regrets in life that is when I discovered Bitcoin around 2015 and yet didn't buy because I thought it was only intended to use for deep web applications. My bad .

[jademaxxiss012]

This is why bitocin should be regulated to put securities for all the investors invested in cryptocurrency. If the team or founder of bitcoin wishes to continue and earn not just today but for the next generation of his keens then he should exert and effort to do this so that it will not only benefit him but for the next generations.

[Indamuck]

At least these new investors are trying to use their money to make more money instead of blowing their cash on stupid consumer products.  How many sheep are spending $200 on air jordan shoes or thousands on new cars that will depreciate quickly and are built to break down.  Give them some credit for at least trying.

[kryptqnick]

The average investor is always on the loss, because he's always angry and negative.
When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble!
When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!

Go to some mainstream forums and talk to people outside the tech space once in a while and you'll see why they aren't making money and why they will never make money.
This is also the reason why bull market cycles are so similar and why they will keep repeating. The vast majority of people never learn, even when they see the same thing happening again and again. You'll see it when we have another bull market and Bitcoin reaches a new high. Let's say that it will be 50k USD, followed by a year long bear market that will take us down to 6000 USD. The society will continue to call it a ponzi scheme that is going to 0 this time for sure and they still won't buy at the bottom. They'll say that those who bought in the previous bottom were lucky and this opportunity will never come again. Don't be a grumpy investor!

Great words. Investors are indeed too greedy to buy both during the bearish and bullish market. I have some bitcoins and I just hold them. I won't buy more, because I cannot afford them, even though I think that the prices are unbelievably attractive right now. But I will not sell as well, because I think that the market will show itself again. I hate these people who call bitcoin a ponzi scheme, those who are against cryptocurrencies, even without looking into them.
Investing in cryptos is easy. You just have to buy a top coin basically at any time and then have the patience to wait until the price at least doubles.

[cetald]

I was reading some of the mainstream press the other day, just typical news and politics, and among the articles was one about the fall of cryptocurrencies and "enormous losses that Bitcoin investors have to endure". What got me reading were the sarcastic comments below. Idiots wanted to buy fake money and got burn. Ponzi scheme. Bubble burst. They bought something that doesn't exist. It's going to 0 because it's worthless! There were a few saying that it's the best time to invest if you thought about it during the bull market and thought the price was too high, but those posters were downvoted and ridiculed.
 
The average investor is always on the loss, because he's always angry and negative.
When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble!
When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!

Go to some mainstream forums and talk to people outside the tech space once in a while and you'll see why they aren't making money and why they will never make money.
This is also the reason why bull market cycles are so similar and why they will keep repeating. The vast majority of people never learn, even when they see the same thing happening again and again. You'll see it when we have another bull market and Bitcoin reaches a new high. Let's say that it will be 50k USD, followed by a year long bear market that will take us down to 6000 USD. The society will continue to call it a ponzi scheme that is going to 0 this time for sure and they still won't buy at the bottom. They'll say that those who bought in the previous bottom were lucky and this opportunity will never come again. Don't be a grumpy investor!

I'm sure that less than 10% of the people around you knew about Bitcoin in 2017 and had the opportunity to buy. Less than 0.5% actually bought. Out of those, most sold at a loss and didn't make any money, or lost the coins at scams, casinos, hacked exchanges, ICOs.
If your coins have more value now then at the time of buying, you can be proud. You're among the elite!
 

This proves once again that the average investor cannot earn a lot of money from investing. More precisely, a small investor earns when the market grows and loses when the market falls. And professionals always earn money.

[Menawi12]

I am agree that we should not angry with market condition, better keep calm and confident if we trust on our investment, In any investment, we should not panic and think for long term. If we hold a good project, i think we will make big profits in the future

[Douglasyukanov]

At least these new investors are trying to use their money to make more money instead of blowing their cash on stupid consumer products.  How many sheep are spending $200 on air jordan shoes or thousands on new cars that will depreciate quickly and are built to break down.  Give them some credit for at least trying.

Reason thinks most crypto investors get results as quickly as possible but they cannot get the right consistency in locking for the long term, although not all, but the majority all want quick profits.

[legenduim]

The average crypto investor's mentality is a total mess,if you ask me.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.

Yeah, most of the crypto investors come in the trading field with a hope to win big in a very small amount of time. The reality is that they cannot win big unless they have proper training  experience. Most of the newbie traders just lose their money.

I think that these guys were attracted to trading and the market by the people, who used to brag with the greatest amounts of money made in December 2017- January 2018. Now, everything has changed.

[okala]

The average crypto investor's mentality is a total mess,if you ask me.
They don't know what to do,when to buy,for how long to hodl and what to do if a price crash occurs and yet they want big profits fast.
If we sum it up,they will always lose.

Yeah, most of the crypto investors come in the trading field with a hope to win big in a very small amount of time. The reality is that they cannot win big unless they have proper training  experience. Most of the newbie traders just lose their money.

I think that these guys were attracted to trading and the market by the people, who used to brag with the greatest amounts of money made in December 2017- January 2018. Now, everything has changed.

You just hit the nail on the head!  Some of us the traders especially those that makes money from the market in 2017 by putting small money and hold for long and it turn to be huge profits for them last year were telling the wannabe that if they do the samething there are good to make profits and that is why some of them are losing money in trading.

[CoinChili]

That is the agony of an average crypto investors. Always doubting in anything whether it is bull run or bearish, they always had a reason to ignore the obvious good timing. They lack on self confidence because the truth is they are not that good in technical analyzing and in denial in anything they have decided.

[Thanasis]

At least these new investors are trying to use their money to make more money instead of blowing their cash on stupid consumer products.  How many sheep are spending $200 on air jordan shoes or thousands on new cars that will depreciate quickly and are built to break down.  Give them some credit for at least trying.

Reason thinks most crypto investors get results as quickly as possible but they cannot get the right consistency in locking for the long term, although not all, but the majority all want quick profits.

Not much appreciated though,they know it is good but don't have enough patience or skills on pick the coin for them will make more worse or their money might get into the hands of scammers.

So the investor need to be aware of all the things before investing on crypto projects.

[tonyvo2017]

So I became one of the elite when I realized that the 2017 crypto market is a bubble. My colleagues always shouted that BTC was 100k $ in 2018. There was very little opinion about crypto bubbles. I recognized the bubble type from the beginning of January. when its price suddenly dropped from 18k $ -16k5 $. I sold all my 3 BTC and now I have no regrets.

[daarul50]

People who say that bitcoin is a Ponzi scheme is arguably the first person to invest specifically in crypto and they happen to invest when bitcoin reaches the highest price in 2017. Those who invest then they will say that bitcoin is just bubbles, different from people those who invest crypto in the early years of the birth of cryptocurrency, especially Bitcoin, they will say that cryptocurrency is truly a promising investment.

[angel55]

Most people lack any patience and will sell at the first dip.  I know Warren Buffet isn't interested in crypto but he has the right mindset for investing.  It is a long term thing and he never worries about price dips, he is thinking about what the investment will be 10 years from now.

[Zadicar]

People who say that bitcoin is a Ponzi scheme is arguably the first person to invest specifically in crypto and they happen to invest when bitcoin reaches the highest price in 2017. Those who invest then they will say that bitcoin is just bubbles, different from people those who invest crypto in the early years of the birth of cryptocurrency, especially Bitcoin, they will say that cryptocurrency is truly a promising investment.

Most cases where people do call it as a ponzi are those who lost big time when the market crashed not necessarily on 2017 ATH but in most cases where bitcoins price is still high when they do enter and then suddenly corrected then they do already proclaim non ideal things about it without even thinking the true potential on why Btc is created and so as with other altcoin investors too.

[Incodium Coin]

Wannabe investors? Get in, do what you can to get a quick windfall, get out fast. Oh, and at the slightest sign of trouble, they sell out and move on. This kills markets, all kinds of markets, not just the crypto mkt. Speculators have a negative effect, they live on the wild swings in the value of crypto.

[orions.belt19]

The other things you mentioned also happen in the stock market.  When prices are up, people think it's too expensive to buy; when the market crashes, they get scared and don't want to buy something that's obviously on sale.  Even worse, if they sell at a loss when the stock they own starts to plummet.  The markets are a weird taste of human psychology.

Yup, it's a universal thing. Markets are all about psychology, which is why gauging sentiment can be really useful as a trader. I always watch things like the Speculation board, Crypto Twitter, the Tradingview chat, and Bitfinex/Bitmex long vs. short data to gauge what other people think will happen. More often than not, when most people believe something, they're wrong. Like you said, at the bottom people are too scared to buy. At the top, I find people are usually too greedy to sell. It's a whole fear/greed cycle.

It is why for years people have had great success in gauging market/group psychology instead of focusing too much on fundamentals. At the end of the day it doesn't matter if something is the best thing ever, what matters is if people believe that it is. BTC could in time fall victim to this, it is one of the most revolutionary things of our time BUT it could be that long-term enough people don't begin to see this, or that they are disillusioned by what they see in mainstream media.

Well, that's why traders are able to gauge the market and make speculations. People try to learn about bubbles because history just repeats itself. This is also why Bitcoin is continuously being compared to past bubbles such as the tulip bubble etc. because some believe that the same thing will happen all over again.

Instead of being negative, people should just take advantage like how traders are able to. Yes, it may not turn out to be the best thing ever, but you'd still be able to profit from it if you knew how to play your cards right. People give up easily just because the market went bear after the 2017 hype. They become too impatient to profit and quickly lost interest once the price have declined. Those who remained are truly the elite, as OP have said.

[michellee]

Even after bitcoin increase and reach the highest price in 2017, people around me still don't know about bitcoin. I can say that because I meet some new people who are busy with their offline job, and they don't know anything about bitcoin. Yes, they want to have the investment because they care about their future, but the problem is they don't know how to choose the right investment. Once they join in one investment but it's not for a long time because, after almost one year, the investment creator was run away with the investor's money.

When we say investor, it means we use the money to supporting the product, and we know that we need to wait for a long time before the investment can grow and make a profit for us. We need to think as the big investor out there, and they don't think that their money will be back in shortly, but they know that when they choose the investment, it means, that investment will give a big profit to them and that means they can make a lot of money.

Right now, many people still don't believe in bitcoin, and they only say, bitcoin will get down again, don't buy it, it's only waste your time and another word. But for people who believe in bitcoin, they will use their time to buy bitcoin especially if they see the low price of bitcoin so they can purchase a lot of bitcoin.

[TheCoinGrabber]

If people like Warren Buffet thinks bitcoins are not good investments, you can just imagine your average Joe. The irony is that while these people laugh at Bitcoin users when price are low, it's usually these people that feel left out during hikes.

As for sore losers, if they bought high without checking the record lows first and how long bear trends last, then it's their fault, don't blame Bitcoins.

[qwertyup23]

The average investor is always on the loss, because he's always angry and negative.
When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble!
When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!

Unfortunately, most investors who purchased bitcoins are also the ones who impulsively bought them without doing market research and observation. They based their decision primarily on the mainstream media and on how most websites ruin the reputation of cryptocurrencies in general. For that reason, they are the ones who first complain whenever prices go down and spread rumours of it being a bubble!

Smart and determined investors will go the extra mile to study the market and do research in order to know the chain of current events and market trends to smartly speculate about its fluctuations on the price.

If people like Warren Buffet thinks bitcoins are not good investments, you can just imagine your average Joe. The irony is that while these people laugh at Bitcoin users when price are low, it's usually these people that feel left out during hikes.

As for sore losers, if they bought high without checking the record lows first and how long bear trends last, then it's their fault, don't blame Bitcoins.

Warren Buffet is used to the conventional methods of investing as he views cryptocurrencies as "an asset that creates nothing, rat poison, and a bubble." Ironically, Berkshire Hathaway invested into Fintech which totally invalidates his previous claims. Well one can speculate that maybe he is one of the whales that manipulates the price every now and then.

[shinharu10282016]

The average investor is always on the loss, because he's always angry and negative.
When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble!
When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!

Unfortunately, most investors who purchased bitcoins are also the ones who impulsively bought them without doing market research and observation. They based their decision primarily on the mainstream media and on how most websites ruin the reputation of cryptocurrencies in general. For that reason, they are the ones who first complain whenever prices go down and spread rumours of it being a bubble!

Smart and determined investors will go the extra mile to study the market and do research in order to know the chain of current events and market trends to smartly speculate about its fluctuations on the price.

If people like Warren Buffet thinks bitcoins are not good investments, you can just imagine your average Joe. The irony is that while these people laugh at Bitcoin users when price are low, it's usually these people that feel left out during hikes.

As for sore losers, if they bought high without checking the record lows first and how long bear trends last, then it's their fault, don't blame Bitcoins.

Warren Buffet is used to the conventional methods of investing as he views cryptocurrencies as "an asset that creates nothing, rat poison, and a bubble." Ironically, Berkshire Hathaway invested into Fintech which totally invalidates his previous claims. Well one can speculate that maybe he is one of the whales that manipulates the price every now and then.

most investors who purchased bitcoins are also the ones who impulsively bought them without doing market research and observation.

Why this is probably true is because most people love easy money. Who would know when your 20$ will become 100$ or more.

Research is a no-no for those who only seek profit from easy money tactics. And they will always cry foul about if they lose their money in the process.

[BitHodler]

As for sore losers, if they bought high without checking the record lows first and how long bear trends last, then it's their fault, don't blame Bitcoins.

People don't seem to care about that. They just look at Coinmarketcap and see whatever coin pump like mad for weeks, then jump in just because it has been going up already.

People have been blaming manipulators for the price to tank, and some even blame the CME futures. In other words, they are looking for excuses so that they have an external element or party to blame.

Some people will learn from what they have gone through, and others will keep making the same mistake again during the next leg up. The next time will be different they say, yeah right....

[markdario112616]

As for sore losers, if they bought high without checking the record lows first and how long bear trends last, then it's their fault, don't blame Bitcoins.

People don't seem to care about that. They just look at Coinmarketcap and see whatever coin pump like mad for weeks, then jump in just because it has been going up already.

TBH, Some are just going in just for the Hype and not by the market trend. There actions onky based on what they hear and not by what they learned. Then sure after, these people will blame someone if they fail. I'd find it fun and guilty at the same time , somehow that some wannabe's alway fond of the blaming party, It's fun since they are screwed in some point (recklessness = regrets) they quit and not learn. I feel guilty since I've been in that stage and though I learned from it.

[horrifiedx1]

If people like Warren Buffet thinks bitcoins are not good investments, you can just imagine your average Joe. The irony is that while these people laugh at Bitcoin users when price are low, it's usually these people that feel left out during hikes.

As for sore losers, if they bought high without checking the record lows first and how long bear trends last, then it's their fault, don't blame Bitcoins.

as long as we are not sure, of course do not invest here, because it will bring disappointment. we must really determine the attitude according to personal analysis. Current prices are low, but not necessarily the same as other people's views

[BitHodler]

I feel guilty since I've been in that stage and though I learned from it.

I think it's safe to say that we've all been there at the very beginning of our crypto journey. I didn't enter because of Bitcoin's tech, I entered the market because of how I saw the price pump and I wanted a piece of that.

It was quite a nightmare. Price up was me buying. Price down was me selling, and this continued for months till I finally realized what was going on and who there was to blame. Yep, that was me. I blamed myself for everything.

I no longer invest in shitcoins. It's just not worth it anymore. I currently hold 90% Bitcoin and 10% Ethereum which is more than enough for me. Both have an extremely strong network effect. No other coins have that.

[Labumi]

If people like Warren Buffet thinks bitcoins are not good investments, you can just imagine your average Joe. The irony is that while these people laugh at Bitcoin users when price are low, it's usually these people that feel left out during hikes.

As for sore losers, if they bought high without checking the record lows first and how long bear trends last, then it's their fault, don't blame Bitcoins.

as long as we are not sure, of course do not invest here, because it will bring disappointment. we must really determine the attitude according to personal analysis. Current prices are low, but not necessarily the same as other people's views

when you decide to invest, I suggest you make a long-term investment and you should invest in potential coins such as bitcoin and some other coins that have limited supply because only a limited supply can make the price expensive.

[andulolika]

Seeing the typical fudster and negative user is pretty sad, a lot of the tech space people I seen were pretty negative about bitcoin, not to mention people on a most.
On the other side I seen a lot of legit business adopt blockchain.

[Bitcoin-Turkiye]

this last 1 year has been very negative for the crypto market. and a lot of people were despaired.. but now there is a slow recovery, slow but steady rise!!  For new investors to enter, this should be.. ( People who are now smart are collecting bitcoins from these prices. )

[buwaytress]

As for sore losers, if they bought high without checking the record lows first and how long bear trends last, then it's their fault, don't blame Bitcoins.

People don't seem to care about that. They just look at Coinmarketcap and see whatever coin pump like mad for weeks, then jump in just because it has been going up already.

People have been blaming manipulators for the price to tank, and some even blame the CME futures. In other words, they are looking for excuses so that they have an external element or party to blame.

Some people will learn from what they have gone through, and others will keep making the same mistake again during the next leg up. The next time will be different they say, yeah right....

Hate to not only agree with you, but actually say that the blame game is played not only by the "average wannabe investor" but even by very popular self-styled full-time crypto traders selling signals. I've seen enough "whale channels" now to say without a doubt that almost everyone who's tried to make money off others (usually by selling their advice, signals, or audience attention) found someting else to blame.

They home in on their coins, and then make some chart and justification for it, so they can validate their buys. If the market moves correctly, they were smart and insightful and can teach you how to make the same smart moves full of savvy wisdom.

If they're wrong, they're calling out the manipulators, regulators, the irresponsible speculators, even the stock market.

And they and their audiences all think they're better than the average wannabe.

[shield132]

What's mentality of an average wannable investor? They want huge profit in a short time, that's all. Also they have zero patience, even some people invested in bitcoin when price was 20K. For example one redditor sold his house and invested that money in that time.
Usually people who had failed investment in bitcoin, call it ponzi scheme, they don't want to blame themselves for that they got because of silly actions. At first they need to learn to be patience and keep calm, even amazon is great example of it if we hang on bitcoin. This company had loss for years but we know how quickly they gained a huge profit. So why to blame bitcoin after all? Invest when price is low and wait if you can't do daily trade (btw I am against holding money because it has to move and move).

[TheCoinGrabber]

snip

snip

Well he did said he understand and see the benefit of blockchain (hence FinTech investments) but he's skeptical about Bitcoins. But who knows, maybe he does have a stash and just keeping it secret.

snip

snip

Let's face it though. We've tried this at least once. I used to do it with alts. Just looking through the coin list see what's being pumped and buying as well. Guess FOMO has always been a thing before millennials gave it a name.

[onrise]

this last 1 year has been very negative for the crypto market. and a lot of people were despaired.. but now there is a slow recovery, slow but steady rise!!  For new investors to enter, this should be.. ( People who are now smart are collecting bitcoins from these prices. )

The market has being on a low since 2018 and this has being the problem that due to which many investors have either for now stayed away from the investment and looking for the bull run to begin so that they can start investing .

[sarfield]

this last 1 year has been very negative for the crypto market. and a lot of people were despaired.. but now there is a slow recovery, slow but steady rise!!  For new investors to enter, this should be.. ( People who are now smart are collecting bitcoins from these prices. )

The market has being on a low since 2018 and this has being the problem that due to which many investors have either for now stayed away from the investment and looking for the bull run to begin so that they can start investing .

We must realize that the market is slow and investors are away from investing, this makes many desperate and want a new start. Looking at the current situation, the market movement is slow and still up and down which is not too sharp but looks stable. There is still good hope that the market will continue to move well.

[Xampeuu]

this last 1 year has been very negative for the crypto market. and a lot of people were despaired.. but now there is a slow recovery, slow but steady rise!!  For new investors to enter, this should be.. ( People who are now smart are collecting bitcoins from these prices. )

The market has being on a low since 2018 and this has being the problem that due to which many investors have either for now stayed away from the investment and looking for the bull run to begin so that they can start investing .

We must realize that the market is slow and investors are away from investing, this makes many desperate and want a new start. Looking at the current situation, the market movement is slow and still up and down which is not too sharp but looks stable. There is still good hope that the market will continue to move well.

indeed we do not easily panic against the market. when of course collecting cheap coins without a doubt is the right action. Don't be pessimistic about waiting for a bullish market, because I'm sure the market will return to its position

[Ucy]

Lol, more like pot (fiat users) calling kettle (Bitcoin users) black. I have seen lots of people making the same mistake by calling Bitcoin fake/scam money and refusing to touch it while encouraging others to use the so called real  money  -  fiat/physical money,

Where I live people are even careful about mentioning the word on local forums/social media in order not to get banned or arrested.

[whirlcoin]

What amount of people will enter into this field by seeing the development of 2017 end but it not been stable for at least few months it will fail a huge drop in very short time that's why we can face a difficult situation right now so I think the mentality of an investor will not been in a good situation at this moment.

[Huskarls]

The average investor is always on the loss, because he's always angry and negative.
When it's going up, he doesn't buy and says: why would I buy something that went up by 500% last month? It's clearly a bubble!
When it's going down, he also doesn't buy: why would I buy something that is worth 30% of what it was? It's clearly dying!

I'm sure that less than 10% of the people around you knew about Bitcoin in 2017 and had the opportunity to buy. Less than 0.5% actually bought. Out of those, most sold at a loss and didn't make any money, or lost the coins at scams, casinos, hacked exchanges, ICOs.
If your coins have more value now then at the time of buying, you can be proud. You're among the elite!
 

investors also need to analyze whether they have to enter the coin, it will be very bad even when a coin that is currently falling 30% of the previous price, then invest in the hope that one day it will be able to rise again.

[Bijikopi]

I learned about Bitcoin in 2013, but then, unfortunately, I did not believe in it. I created my investment portfolio in September 2018, at the moment all my coins show minuses, but I don’t regret because I firmly believe that the time will come when my portfolio shows XXX.

that's the true mentality of traders, not giving up is always positive. because there is no success without hard work, so being a bitcoin investor should have an advanced mind, we always believe that bitcoin in the future will become a global currency.

[gowobonyok]

be a smart investor, yes we do admit that bitcoin is not real, intangible, and even has no use at all. but we see it even for the next 5-10 years, that bitcoin will definitely have uses. and the value for this time, bitcoin will continue to show an increase.

[GregH37]

I have come to realize that so many people who go into investment do not even know what investment is.
They just want a quick way to make money. This is not only applicable to Bitcoin but the stock market generally.

You see how investors or those intending to invest complain that the market is high and not able to buy and once the market is down they start to complain. And one question is always ask is why can’t they understand that they are able to enjoy the market when it was high because they bought at a lower price ?

So why not take advantage of it again when its low to buy more but because of the little they already have, they just want to see it grow not considering that others would be coming in that period.

[goaldigger]

The average investor is always on the loss, because he's always angry and negative.

I will agree on this one. Newbies panics most of the time because they are still not used to high volatility of the prices. Only the ones who have strong heart survives. Lucky for them if they will go back after and realizes their mistakes. Investing in crypto is hard you should be prepared before comming in.

[imstillthebest]

The average investor is always on the loss, because he's always angry and negative.

I will agree on this one. Newbies panics most of the time because they are still not used to high volatility of the prices. Only the ones who have strong heart survives. Lucky for them if they will go back after and realizes their mistakes. Investing in crypto is hard you should be prepared before comming in.

The guy above says average investor . he didnt say newbies   .    an average investor  is better than a newbie because he is already familliar on who crypto investing works  but if he still loose , then that is already  his fault because he maybe ignorant or greedy  .  but for a newbie one , it okay for them to loose because they are still grasping the basics on how to invest on cryptos .  soon they still improve because they can learn from  their mistakes  .

[Oasisman]

I have come to realize that so many people who go into investment do not even know what investment is.
They just want a quick way to make money.

The main reason why a lot of people gets easily bothered and worried during bearish season. Its more like they're following a trend without analyzing how the market works. Im sick of seeing negative posts like " Bitcoin is going to die" or "it wont recover, it'll gradually decrease in value and die on the latter." Lol. I hate to say it, but theres a numerous of people in cryptospace whos looking to get rich overnight, and I feel sorry for them because it will never be as easy as what they think.

[ethereumhunter]

The average investor is always on the loss, because he's always angry and negative.

I will agree on this one. Newbies panics most of the time because they are still not used to high volatility of the prices. Only the ones who have strong heart survives. Lucky for them if they will go back after and realizes their mistakes. Investing in crypto is hard you should be prepared before comming in.

So we need to make sure that we are one of the lucky investors because we can learn from their mistake. Many investors disappointed because of the market still on the bear market, but they cannot do anything except following the market only. They invest some money to make a profit, but unfortunately, that will not always happen in the crypto market. They should know that, and they should have a control for their money because if it's not, then they cannot make the profit.

[deisik]

I no longer invest in shitcoins. It's just not worth it anymore. I currently hold 90% Bitcoin and 10% Ethereum which is more than enough for me. Both have an extremely strong network effect. No other coins have that

Litecoin seems to be a real deal

In fact, it has always been so once Bitcoin started to gain momentum, which happened in early 2017. Can't say anything bad about Bitcoin itself (in fact, it is now a financially worthy choice if you have to choose between fiat and crypto), but Ethereum is a vehicle for driving scam projects, for what it's worth. If you are to speculate with it, then that's definitely okay (as I myself am shorting it now), but for long-term investment (read, bag holding) it doesn't look like a rational choice (but I'm curious how you would describe shorts in your portfolio)

[Oceat]

I have come to realize that so many people who go into investment do not even know what investment is.
They just want a quick way to make money.

The main reason why a lot of people gets easily bothered and worried during bearish season. Its more like they're following a trend without analyzing how the market works. Im sick of seeing negative posts like " Bitcoin is going to die" or "it wont recover, it'll gradually decrease in value and die on the latter." Lol. I hate to say it, but theres a numerous of people in cryptospace whos looking to get rich overnight, and I feel sorry for them because it will never be as easy as what they think.

Those people think that investing is just like betting a lottery that would one day they would hit the jackpot in a single day. What kind of mindset is that? Most successful businessmen were working their ass out just to get what they want and look at them right now, they were on the top. They've all experienced the hardship in life and these new average wannabe investors want to quickly gain about of their investments? They must be joking!

[TIDOVEE]

I knew bitcoin late 2016. But I was only hearing about it. I never knew how meaningful it was.
At a point, I thought it was a ponzi scheme.
Until I saw someone who could explain the processes to me. Infact I'm really thanking God I took Interest in it, because I wouldn't have been able to pick up Interest agsin if it was during bear market..

[Kiweikoo]

Wannabe investors? Get in, do what you can to get a quick windfall, get out fast. Oh, and at the slightest sign of trouble, they sell out and move on. This kills markets, all kinds of markets, not just the crypto mkt. Speculators have a negative effect, they live on the wild swings in the value of crypto.

That’s it, I think they are just impatient and do not really have the mindset of true investors, going in and getting out fast at a very little fall is seriously dangerous to the market. They start spreading negative rumors that can have negative impact on the market. I think people should be thoroughly enlightened about investment before they are made to commit their money.

[Hivalley]

So many have missed out on the opportunity to make money through the bitcoin simply because they are scared and undecided, they do not know what to believe, whether it's a bubble it if it's indeed real,if it'll die or if it'll last forever, they are caught between what the outsiders say, that for anyone to invest in the bitcoin, such individual must be delusional etc
As a result of this, they are unable to take the bike step and are always caught in the middle of a bull run, the same trend will continue for them until they start believing

[playboy654]

I think each and every investors had a different opinion and different view about this field this kind of thing will not happen to any other field approaching every people as the same but when comes to cryptocurrency field it could give a different kind of profit for everyone it could be more higher or more less then we expected so the average people will definitely in the middle of this position.

[erikoy]

Taking risk is one way to earn here. Yeah ot could be terrifying sometimes when you invest on bitcoin at terrifying market condition. You would not know how hard it is to invest in uncertainty. Probably only few risk takers and those investors with guts had made it to earn huge than those who had somw fears and uncertaim about the system.

[Lanatsa]

I have come to realize that so many people who go into investment do not even know what investment is.
They just want a quick way to make money.

The main reason why a lot of people gets easily bothered and worried during bearish season. Its more like they're following a trend without analyzing how the market works. Im sick of seeing negative posts like " Bitcoin is going to die" or "it wont recover, it'll gradually decrease in value and die on the latter." Lol. I hate to say it, but theres a numerous of people in cryptospace whos looking to get rich overnight, and I feel sorry for them because it will never be as easy as what they think.

Those people think that investing is just like betting a lottery that would one day they would hit the jackpot in a single day. What kind of mindset is that? Most successful businessmen were working their ass out just to get what they want and look at them right now, they were on the top. They've all experienced the hardship in life and these new average wannabe investors want to quickly gain about of their investments? They must be joking!

Might be a joke but these kind of people do really exist where they do like to gain on the easiest way as possible because anyone doesnt really like to work hard to succeed and not to deny
that each person do really like such thing but these wont really able to achieved if you have done nothing thats why we can really see the difference for those people who do put effort and work smart
compared to those who do just rely on luck.