I love when those little lightbulb moments happen and I can relate it to many things, including Crypto!
On new year's eve I was BBQing with some neighbors and we had a TV setup outside with the game on. The Falcons-Panthers was the only NFL game on.
It was a good game! At least that's what I thought. The score was tied 7-7 in the third quarter when a few of the guys said, is there any other game on - this game sucks!
To which I thought; this game is awesome. Its tied and they are going back and forth as each defense keeps coming up with big stops.
That's when it hit me...
People Want Offense. Defense Is Not Entertaining
Well at least to the majority it is not. And I am certainly not the majority. I see it in my sports preferences and especially in my investing and crypto trading.
Why Someone Unknowledgeable Gets More Attention
Offense (disguised with optimism and promotion) is what garners attention. This is why someone who knows very little about crypto or the technical principles of trading can still grab a large audience.
Think about it - who would you rather listen too?
The guy that is constantly doing videos saying XYZ crypto is going to the moon! HODL and buy more, don't miss this chance for millions!
Or this guy
XYZ has become overbought and formed a reversal pattern. I would take profits here and look to re-enter on a pull back
We all know the answer to this, whether we'd like to admit it or not :-)
The former is always going to garner more attention. It's just how we are built as human beings. Not saying there is anything wrong with it, just sharing an observation.
I love becoming more and more aware of human nature.
Learn to Invest Like The Cat
Best Regards,
Disclaimer: All content in this post is my opinion and for educational purposes.