You are viewing a single comment's thread from:

RE: Current market sentiment

in #bitcoin7 years ago

Thats how things go, when the price is down, there is high risk in purchase, and so people hesitate. This is why those that take risk can reap the reward if their decision proves good.

People love to buy what is rising, because it seems like a sure thing to them.

Despite the fact that its not.

Sort:  

So true. I think this is amplified by the fact that most people in the market are very young in comparison to most other markets, in addition to the market itself being quite young. There are many good techs, but so many poor projects without much substance. If you dont understand what you are investing then you are far more likely to care about what people are saying and be susceptible to fomo and fud