The mentality of an average wannabe investor

[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]

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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.

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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.