RE: Three Psychological Effects to Avoid to Make You a Better Investor

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hmmm...

This is a bit complex to unravel because it is investment philosophy but some of what you said makes sense.

Biases, fear, greed, insecurity, FOMO I have experienced it.

In my country India, people fear entering crypto because of regulatory uncertinity, fear of losing fees, plus there is a high provability to lose money initially because we make lot of mistakes.

Crypto volatity, newbies who are not used to it would like...you know be scared of 20 to 30% corrections but its actually nothing in crypto, it is very different that way from traditional market.

Also why are we here, our fundamental belief of the asset matters...

like it maybe necessary for everyone to have BTC, to hedge against inflation, I believe it but many feel like my Dad that its a impossibility that fiat currencies can devalue/fall, become obsolete.

Bias on how BTC is...no founder... and other things like to analyse, its code, so for a hard core traditional investor, BTC would be wierd so they don't want to try.

Anyway...

My psychological problem is waiting for the dips to buy more... right now, it does not appear to be coming): ... all cryptos have found support on new ATH ranges, so should I buy or wait for dip...

We have to figure it out, take risk...anyway.

Also I have fear of taxes and regulatory uncertainity and hesitation on trying peer to peer DEX like hodlhodl feeling what if I get dirty BTCs, BTCs that were procured or used to do something illegal may be seized and won't be valuable...

so many such doubths...anyway!!



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