Even if you bought Btc in 2010, market manipulators and your own psychology would have made you sell before getting rich.

Cryptocurrency News and Public Mining Pools

Even if you bought Btc in 2010, market manipulators and your own psychology would have made you sell before getting rich.

There are very very few people that have actually held Btc or any crypto for that matter and gone on to make life changing money. You hear people repeat this mantra all the time '' for every success story you don't hear about 10000 people that lost money! ' Is this because the world is unfair? No, rather because most people are led by their emotions and quite easy to manipulate because the average person's psychology is manipulated and bent to the degree that most peoples actions become quite predictable by adulthood.

Generally people play it safe, their mum and dad put money in a bank etc. Btc is new, it hasn't existed for as long so since most people protect their money or are generationally taught ' how money works ' they follow this mantra simply because everyone else does too. Look at the recent bank failures, hell go back to 2008 when the entire world practically burned and still people use banks, that's how powerful repetition and the psychology of manipulation is, people will even return to a financial beating if it's familiar enough.

There is one positive, crypto is still very much new in that way and will continue to grow as generations grow up around it and eventually engage in its usage. So don't feel bad that you didn't pick Btc at a couple bucks because you've been conditioned and will have likely sold it long before you would have made substantial gains anyway. What you can instead do is question your psychology and challenge it from time to time, studying the market and how monetary policy relates to it all can reveal quite a picture. Emotion is the killer here, it literally lights the match and your psychology and repeated learned and familiar (including social and familial) behaviour burns you. This probably sounds like one long ass way of saying hodl, but it's slightly more complicated.

submitted by /u/Socialinfluencing
[link] [comments]