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The exaggerated indecisiveness of the average crypto investor

All Cryptocurrencies

by COINS NEWS 96 Views

Sometimes articles mention the Crypto Fear&Greed Index, that's supposed to be a measure of market sentiment. Yesterday we were at 53 (neutral) and today we are back to 44 (fear). This got me thinking about how people change ideas really quickly. One week everybody is convinced we are going to 30k-35k, just some days later the meandering idea is that crypto is doomed.

My view is that articles and posts on social media are just meant for click-baiting thus the necessity to use extremely polarized titles and contents. I refuse to think that the majority of crypto influencers really change their perspective so quickly based on some non-decisive news. If you believe in Bitcoin and crypto, you shouldn't be so influenced by short-term movements and FUD. After all, the Internet took decades to really become a word-relevant technology, so when you jump on a ship (one that really convinces you, possibly not named Titanic) you should stay on it for at least some years, not abandoning it every time a storm hits.

I get these later lawsuits may be worrying for crypto companies, but I'm still optimistic that we will have a better future. At least, I hope we are gonna end up with some clear rules, in order that companies in the space can operate in a precise direction, without having to worry about being randomly sued for breaking laws that didn't exist.

I don't know for sure if crypto is going to become worldwide adopted and appreciated, but I've decided to invest in it and changing ideas every other day it's not good for my mental health.

submitted by /u/Matth3w_95
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