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Are you Crypto Investor or Gambler

Date:

Sajjad Hussain
Photo by Jamie Street on Unsplash

Those users who have been in the crypto market for a long time should have seen the major fluctuation in the crypto market and experience that the number of coins especially Bitcoin has risen and fall thousand of times, many coins tell the same story of being worthless at the beginning of time and being favored by everyone including institutions, the investors believe that the crypto market is safe-heaven, as a result, many batches of investors join the crypto market.

Due to the popularity of Bitcoin, Etehreum, Defi and NFT investors joined the crypto market even after the heavy losses they face, they do not leave the crypto market, to be honest, the investors know that investment in cryptocurrency is only suitable for long term investment, could you know that in recent dip 60% of the Bitcoin holding addresses have not been transferred, only the short term investors show the movement.

Of course, experienced investors know how to avoid the risks, but there are many investors who willingly not only accepting the risks but also attract others to drive. This is a type of gambling behavior, in a typical gambler’s career there are many ups and downs but it is obvious that 99% of gamblers are unable to be continuously good, the fortune he made on the previous occasion never accompany for a long time, 99% rely on the luck, not on the foundation of the true knowledge of the crypto asset.

From ancient times to the blockchain era, there are several gambling Gods who are benefited by the luck, those investors who have played with different altcoin have great knowledge of the crazy statistics of altcoins and Bitcoin in the last few years, these coins increased by hundreds, thousands and even ten thousand times.

Every altcoin tells its own story, many users share their stories about the past when he purchased and waited until he sold on the highest point it would be 100 times more from the previous price. The bearish trend in the crypto market is because of the lack of confidence among investors, for those investors who want to enter the crypto market due to low price must learn the basic concepts of investment as well as differentiate the long-term investment and short term investment.

If you are new in the crypto market always pay attention to the market sentiment and always bet on the performance of the crypto asset, you should ignore the short-term fluctuations and more focused on the market sentiment, furthermore, you must be careful when balancing economic performance and market sentiment.

Most of the crypto investors bet on the future performance of the crypto asset, the assessment, and the likelihood of success is the barometer, the experienced and professional crypto investors never look on 2–3 years they consider this approach is unpredictable in the real world, whether you run for long term investment or short term the success in the crypto market is same you have to grasp the trend and accurate time of the investment.

Gambling-style transactions not necessarily look like worthless transactions, those transactions may be generated a fortune, but it depends on the luck of the investor, it is also true that gamblers don’t want to stop after winning once or twice, but most gamblers once they lose have no capital left to play again, and relying only on income from the crypto investment is a difficult choice

When the Crypto market in the bear status only depends on short term traders as well as their momentum, which is usually driven by changes in market sentiment, investors don’t care about the news on the media or whether it is true or not but they only guessing how 50,000 investors will react to news and investors will reposition themself accordingly.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://medium.com/cryptocurrencies-ups-and-down/are-you-crypto-investor-or-gambler-2c82032740a9?source=rss——-8—————–cryptocurrency

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