There is nothing called a completely rational investment process. Investors are to a certain extent irrational in the cryptocurrency space. Behavioral Bias leads to irrational behavior in the cryptocurrency space. Psychological factors of investors influence investment decisions to a great extent.
While we all prefer to be rational in making investment decisions, it is not something that is seen in real-time investment situations.
For instance, Reasons to invest in Doge Coin (DOGE): “Easy to buy as it is affordable for beginners. Trains beginner cryptocurrency investors to understand volatility.”
`Typically, the act of investing has the goal of generating income and increasing value over time. An investment can refer to any mechanism used for generating future income. This includes the purchase of bonds, stocks, or real estate property, among other examples and now the trend is cryptocurrencies.
When Can I make profit with Doge Coin? Doge Coin can eventually go to the moon. We do not know when, but it will moon. It saw a huge price rise for no reason. And, the expectation is that such a trend will repeat soon over again. Not sure when, but it will.
Hunger and need losses track of all rational practices. A rational person is someone who is sensible and is able to make decisions based on intelligent thinking rather than on emotion. However, when looking in to social media discussions about cryptocurrency investment – it looks like even the most rational and capable investors become stubborn.
Business Insider Published, “Bitcoin bull Michael Saylor says MicroStrategy will never sell its $5 billion crypto stash even if prices crash.” “Never. No. We’re not sellers,” “We’re only acquiring and holding bitcoin, right? That’s our strategy.”
Both Doge Coin (DOGE) and Bitcoin (BTC) Holders are Stubborn for the Same Reason. The reason being they hope the price will go up. Whether about Doge or BTC we do not know when the price will go up or down, but still believers believe the price will go up.
There are direct believers and peer-impressed believers. Indirect believers don’t have their own reason to invest. They are influenced by influencers, who can be celebrity market makers and influencers like Elon Musk or Michael Saylor. They can be a good friend who they think is right.
And, many times investors who are in to BTC or Doge Coin are trying to enjoy the early bird advantage. They think the earlier they are in the better. They also believe that late comers will be the losers.
So, to invest in Doge or BTC you need some money and you need to decide for how long you will hold. The rest of the market news is loud noise. Everything is prediction and guess work. There is no holy thing as a reliable prediction in the BTC space.
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