One of the most crucial traits of a successful cryptocurrency investor is an understanding of human psychology.

Greetings from Portugal!

I see some people here that think cryptocurrencies just involve technology, logic, and arithmetic. I don't belive it's true. The most significant component, people, is left out. Everything seems wonderful, clear, and rational on paper. Every investor should utilize reasoning and strive for quality. It is a paradise, and all utopias fall short in the actual world. You must be wiser than the ordinary crypto investor in order to be a successful investment.

Similar to marketing, you may either let it dominate you or see trends and learn how to avoid scams. In addition to doing this, more experienced investors use this priceless information to further their performance.

Crypto market works based on decisions. Those decisions are made by people. Investiments are and should be racional decisions, but since crypto is a hell of a rollercoster is easy to get caught by our emotions.

So if you wanna make crypto your hobby, must study not only crypto related information but you wanna consider spend some time studying how humans work and how they make decisions...both racionally and emocionally.

I would love to ear the community thoughts on this!

Thanks!