The 3 tribes of Bitcoin investors

The 3 tribes of Bitcoin investors

By ScreenTag | The Other Side | 5 Oct 2021


Last month (September) and in the first 5 days of October, we have seen all three tribes of Bitcoin investors - the last tribe may continue to show for a few hours or days more, who knows.

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Here are the 3 tribes:

Investors

Those who do have a clear strategy on how to invest their money. They are not particularly smart (smart people would never invest their own money on Bitcoin to get a 2-4X return within 2-3 years, when they can get 10X or more on other investments in the same time), but they are smart enough to follow 4-5 basic rules (e.g. buy the dips, or sell the overbought).

Ignorants and financially illiterates

Those who simply follow the trends, in hopes to make some money. They are easy to jump in the bandwagon, as long as there are quite a few others inside it. They are also trying to stay calm and not to sell when prices go down, but they eventually give in to their fear when it's already too late.

Losers

FOMO was invented for these guys. They are the last to buy when prices are skyrocketing, in fear of missing out the next wave upwards - but the only wave they will catch, is the one going downwards. They will be the also the last to sell, when the downward trend is about to end, and obviously they will lose their socks. If you bought even a single Satoshi in the past 48 hours, you belong in this tribe.

Same goes for those publishing posts supporting prices going up to say $100,000 or $1,000,000, spreading FOMO to other losers.

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