I remember I learned about the BCH in 2020.And then managed to stay with one of the site for nearly 2 years. And then everything went down. And the journey with the BCH ended.
I realized one thing, when you are into something and move early then you earn good amount of such trends, business and the products. And that kind of explains the first movers advantage.
If you happen to move last and try to build the loyalty you may notice that people are moving out and you are moving in. And you are trying to justify your late move there.
So let's talk about it today from finance, crypto and psychology context.
First Movers have More Chances
Imagine you were getting the account during the STEEM to Hive snapshot time. And you managed to get some good Hive at that time. I am sure that could have made many people from that network to hive some good account value.
Which means you are open for more project from the network. And that is about to help you build the account faster. Which also means that you would be able to take out more out too.
This applies to every place. Be it crypto, mutual fund, gold and other investment options. All of them are going to favor you. And it is going to give you some benefit for moving early.
Staying last, Holding onto Loss
Those who are staying with BCH, those who are staying with STEEM. I am pretty sure they are holding to their losses and waiting for market to correct so that they can sell and get off.
I have BCH in my wallet and I am dying for the price over 200 so that I can sell and move on with my life. Some of the time a lot of have to move on from such painful portfolio assets.
I think those who are in love with their investment and try to love the asset too much tend to stay till last. They marry their investment. I think this is sometihng time does to them. They can't be fixed without market crash.
Market changes People
You get attached and you meet the loss. And that means in order to change you have to let the market work over. And that market change is what is going to bring a new change.
In some ways we have to learn to understand that market changes people and we have to let each persons experience guide them. Maybe that is one of the way people tend to course correct their approach.
Life is pretty interesting with the way whales manipulate and move on and then people who are on low funds tend to be loyal towards the investment. That is what we have learned about the investments from my experience.
What do you think?
Posted Using LeoFinance Beta