Misjudgment or Misunderstanding in the Selection of Crypto Assets

The temptation of high returns is an important reason why a large number of investors easily fall into the highly fluctuated Bitcoin market, investors hold the attitude of “starting early and getting out” and letting the mentality of “later people take over” to participate, in the last crypto bull market most of the investors enter into the market with the objective of making money, more people show losses and countless people leave the market with a bad experience, these investors can’t realize that their thinking habits used by the wales on the Wall Street

The specific type of investors in the crypto market always consider that if the quality and reputation of the crypto asset are good and if it will be in short supply then it is the opportunity to get rich overnight, these investors always consider the following points.

1. Crypto Assets are in short supply
2. The quality of crypto assets looks good among investors
3. The Reputation of crypto assets among investors is also good

However, the quality and word-of-mouth “short supply” nothing to do with the future trend of the cryptocurrency, it is just the same as a business can hire hundreds of people to queue overnight to make you feel that demands exceed supply, the wales on Wall Street make you feel that this crypto asset is scared one around the crypto market, and in the reaction, everybody immediately climb out of the bed to buy, what the most of the investor thinks after the seeing the illusion by wale that demand was in short supply, therefore, the price is accelerated anyway, at that time if they don’t buy it now, they will miss hundreds of millions of dollars, their logic is to invest on those crypto assets that rises sharply are accelerated in the future.

In the eyes of some investors, the regulation threat and administrative restriction on Bitcoin is a kind of regulatory behaviour that is basically the recognition of Bitcoin, strange phenomena, because it is a big misunderstanding, the government administration agencies have boundaries when exercising their powers, and they only act within the scope of their powers.

The rise of Bitcoin also attract scammers around the world to enter the crypto market, the new type of crypto projects start emerging with the propaganda of the backend by the Bitcoin team, a regional chain technology, some financial institutions are also conducting research on this crypto project, and mysterious smart contract developer has proposed a new technological concept that offers the enlightening value to every holder.

The point here is that if the technology is so much beneficial to the world and derive huge economic benefits to the population then why it needs investors interest and why only the investors get from it, any type of currency in the world means sovereignty of the government if such crypto asset exists then our financial world faces major change in the world’s political and economic environment, and the world has become an enlarged European Union. Although crypto-assets represent a trend of investors, it is not necessary that this form of a crypto asset is the final form in the entire financial market.

Source: https://medium.com/cryptocurrencies-ups-and-down/misjudgment-or-misunderstanding-in-the-selection-of-crypto-assets-1f0e96c622b6?source=rss——-8—————–cryptocurrency