The mentality of an average wannabe investor

[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.