RE: [0067] In Years to Come, How Many CryptoCurrency Investors Will Commit Suicide?
Awesome, awesome post @skyflowers and something I have discussed in private. I agree with you completely that there is no 'value' in the crypto coins themselves but in what they provide us the opportunity to achieve in the short term. Long term there are going to be many very disappointed men and women who will see their new found wealth disappear before their eyes and it will indeed feel to them like their world has come to an end and that life is futile without their numbers on the screen.
If you understand that life is a game of needs, which are in fact very few, then you will also understand that everything else is a bonus and shouldn't be relied upon. Unfortunately too few can see this.
I couldn't care less about exponential gains in Bitcoin if my real life sucks because I have poured everything into it. That is not exactly intelligent.
It is not. :)
Excellent post mate.
Hope your day is going well and look forward to hearing more of your thoughts in future. :)
Thanks. It's part 2 to my earlier one about "immature vs mature investing". Smart investors buy life experiences, dumb investors buy paper stocks, etc.
More and more time, energy and money is being poured into cryptocurrencies and for the next year or two, that is going to make returns. Then there will be a breakneck turn sideways as new startups can't compete with those already established. The markets will change and I will be on my farm.
Anayway, scroll back through my posts. There are tonnes of others about the psychology of investing.
Let's not leave on a downer. Here's a classic from yesterday. https://steemit.com/bitcoin/@skyflowers/0062-how-intelligent-are-you-take-the-new-iq-test