full image - Repost: Crypto Investors have a "herd-like mentality" (from Reddit.com, Crypto Investors have a "herd-like mentality")
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This groundbreaking analysis concludes that lower-Low-income, young males are the most likely to invest in cryptocurrencies. They tend to exhibit "herd-like behavior," investing when prices rise and losing money when they decline; typical behavior during financial bubbles. These latecomers are also the least knowledgeable and least able to withstand losses. These investors also follow a "hail Mary" strategy similar to investing in lotteries, making a low probability, high reward bet. Another reason given by crypto investors is the poor outlook for attractive returns on stocks and bonds. #investing #money #cryptocurrencies #ezrazask #investing #financialbubbles #investmentstrategies #digitalassets #digitalmoney https://ift.tt/bsQWXqA
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