Mentality of people
We have all heard buy low and sell high and yet people don't do this. Fear is such a strong emotion that it takes over what ever logical or critical thinking you have done. You have see the crash of the crypto market and for some the price has fallen to an all time low, so then why is it that people are not buying. There are two main reasons which I can see that this could happen. Firstly people have been burnt and most will take a long time to return to the market or maybe never if they lost a lot. Secondly most investors are hold on to their hard earned cash until Aug 1st which is the critical date of the soft fork which all websites have been reporting. However thinking this way might just cause most to miss-out on this great opportunity. This vidoe covers this topic and the interesting thing is that it was posted two week ago, so right before the crash.The most interesting thing about it is how the bitcoin charts in the past can show how people thought. At this point I would like to say that you shouldn't follow anyone blindly and make your own choice on how and where to spend your money.
The Good news
The good news is that the soft fork and what is happening to bitcoin is not as big of a deal as people make it out to be. Considering that new people are joining everyday, new money is likely to come in and pick the market back up which means that August should show us a increase in the whole market.
Test
I would like for you to do an experiment to test your knowledge and see that kind of results you get. Post them in the comments so that everyone can learn. Imagine you have a 1000 of what ever currencies you use right now and you have to invest it. What do you put it in,how much and why. Come back in two weeks and share your results.
Give an up vote if you want more of these and leave comment if you want me to post to talk about something. Have a great day.
for sure
@zefron
Nice writeup
Keep it up.
Now I will for sure