22 Nov Wealthbuilding Guru Says Bitcoin Hodlers Have a ‘Problematic Mindset’
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Ramit Sethi, author of the bestselling “I Will Teach You to Be Rich” has taken a swipe at crypto hodlers, suggesting that their investment strategy is fundamentally faulty because it is based on emotional identity instead of rational analysis.
In his opinion, the reason many crypto investors insist on suffering through bad market periods is because to them, the act of investing in crypto assets is no longer the simple investment decision that it should be, but is rather a part of their identity, which makes them double down on losing positions instead of making the rational decision to exit the market.
Crypto Investment and Politics – An Unlikely Parallel
2018 has been an extremely difficult year for crypto holders and short term investors looking for profits, with the bear market continuing to exert sustained downward pressure on asset prices despite optimistic predictions from a few analysts.
According to Sethi, the tendency to double…
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