The Psychology of Investing
Generally, people tend to use other people’s money to invest. Some never figure it out and just bail; others lose a lot…
Only people who refuse to change themselves and expect others to pick up the tab end up complaining. The most unreliable scenario in the world is a couple where both partners are waiting for the other to change.
Why do new concept hype cycles keep popping up? From blockchain to digital collectibles—NFTs—they’ve fully demonstrated that price swings are driven by consensus.
Through promotional campaigns, they engineer a consensus around price hikes to lure in the next batch of buyers. Here’s a代表性 line from the digital collectibles scene:
“If you can sell it, it’s an NFT. If you can’t, it’s just a PNG.”