The Psychology Behind Bitcoin Investments

in #physiology • 7 years ago

So the question remains, is bitcoin a great investment or a bubble? The answer is that BTC is somewhere on the spectrum between a rock solid investment and a lottery ticket. In fact, the psychology that drives people to buy lottery tickets is quite comparable to the emotion that drives a purchase of BTC. The emotion of HOPE!

The current odds of winning the Powerball jackpot are 1:292 million. You have a 1:700,000 chance of being hit by lightning this year. This means that you are 417 times more likely to be hit by lightning than to win the Powerball jackpot. Are people buying a prudent investment opportunity when they buy a lottery ticket? No. They are buying hope. Until the numbers come out and show that someone else won, you have hope that you will win — hope that you could improve your life and never worry about money again!

Here is the Funny Pics That Show Physicology Behind Bitcoin

7 years ago in #physiology by
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