The majority of investors have an “ONLY UP” mentality. Even if the price of the asset is trending down and forming higher lows and lower lows, they desperately need to buy the dip every time. In their minds, there is no room for other options. And even if something really bad happens, they will rationalise their bad investment decisions by saying that it’s for the long term.
What happens here is that they don’t know how their emotions controls them. For them, crypto is not an investment anymore. It’s a cult. It’s like attacking their identify when saying that the coin is going down.
Logic is not present anymore here. What this mean is that most people like being lied. They like phantasies and illusions. They like when someone confirms their beliefs. All that matters for them is to get that dose of dopamine high and confirmation that at some point in the future they are going to become rich. They never cared about learning something.
In reality, what happens is that markets are probabilistic and highly complex. There is never only one option , but many. The goal of the investor should be to be on the right side of the market at the right time.
What happens here is that they don’t know how their emotions controls them. For them, crypto is not an investment anymore. It’s a cult. It’s like attacking their identify when saying that the coin is going down.
Logic is not present anymore here. What this mean is that most people like being lied. They like phantasies and illusions. They like when someone confirms their beliefs. All that matters for them is to get that dose of dopamine high and confirmation that at some point in the future they are going to become rich. They never cared about learning something.
In reality, what happens is that markets are probabilistic and highly complex. There is never only one option , but many. The goal of the investor should be to be on the right side of the market at the right time.
King
