What I think about the mentalities of blockchain & cryptocurrency investors and developers

in #writing5 years ago

**What I think about the mentalities of blockchain & cryptocurrency investors and developers **

Today’s article is quite long, please bear with me, thank you

Forewords

Hi all, in this fantastic and interesting world, currently people from part of the world are focusing mostly on blockchain and cryptocurrency, as both of it are very hot topics nowadays. But still, quite a number of people invest into it without knowing what they are investing. This is quite negative, not only from the serious developers’ point of view but also investors. Today, in this article, I am not going to talk about the forecast or how the market is going on, I will be talk about more towards mentality.

Developers’ Mentality

I am also an investor in blockchain too, even though I am still new to this emerging market but I would like to express my point of view. Firstly I will begin with developers’ mentality and thoughts. As a developer, they mostly enthusiast with serious skills, they are very much interested in developing things that can benefit the world, and now blockchain is a very good opportunity here to begin with, but a lot of anonymous are using the title of blockchain to scam people and create fraud to earn money that they are not supposed to earn. For those serious developers, this is a big impact on the blockchain space, because these huge amount of scammers are damaging the reputation of blockchain, causing people do not want to invest into it anymore after they got scammed, which is a very huge loss.

Investors’ Mentality

From the users or investors point of view, I have to say that most of them are investing blockchain without knowing or understanding what the company is developing and how it can change the game in its field. And they are yelling “when binance”, “when moon”, “when lambo” and etc. They do not understand a good product and application requires time to be mature enough to be used and mass adoption. And they did not do their own research before investing, they are just listening to someone saying that how good this ICO are performing, then they put their hard earned money into it. If they are lucky enough they earn money from it and say this is a good project; if they loss what they invested, then they yell again, saying it is the “biggest scam of the year”, but they did not think that they did not do their own research before investing!

Another mentality that I am truly not agree with is put your whole savings into it, a small part of people even sold their assets just to invest in blockchain. As currently blockchain is just a newly born baby, it is still in its infant stage, there are no guarantee that surely you will get your return and will be rich. We must understand that every investment takes time to grow and generate profit, we will not be rich instantly and there will have risks when we invest. We all know that blockchain and cryptocurrency comes with high risk, and we also understand that high gain come along with high risk too, if you are able to take the risks and ready to accept every failure, then go ahead, if not, turn around and walk away from it, choose another investment with low risk.

Conclusion

At the end of the day, I am writing to you all is to share a good mentality when investing. Indeed blockchain and cryptocurrency have a very bright future and the world are accepting it gradually, even the government started to establish and implement new regulations to this highly potential field. But for it to success, we must give the market some time to grow. And the mentality must be correct, we have to do our very own research before investing into it, and do not all in your hard earned money into it, keep most of them to ourselves for good and only invest a portion, this will ensure you can still live as usual even if you had lost your money. Always invest what you can afford. Lastly, wish all of us a good success in this blockchain space.

Wish all of us a great success.jpg

PS: Dear all, thank you for your precious time to read this long message. For clarification, I am not targeting or attacking anyone, I am just sharing my thoughts, observations and point of views. No offence, if anyone thinks that this hurts your feeling and felt offenced, I sincerely apologize to you. Please support, give a thumbs up and upvote my writings if you like this article. Thank you once again.

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