Amid the FOMO and volatility, there are some exchanges or platforms, such as CoinSwitch, that provide sufficient resources to rely on when investing. And that helps in beating the herd instinct. So, from an investment standpoint, let us examine the herd instinct. It is the tendency of people to behave or act in the same way as other people in the group or market, also known as mob mentality. Fear and greed factors in the market frequently cause herd mentality, the two emotions that constantly compete for market dominance. Fear causes panic, which increases supply, whereas greed causes exuberance, which increases market demand.
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View Details »The problem is that our brains are hardwired to follow herd instinct. Seeing our investments fall in value causes anxiety and fear in our minds, which leads to panic selling. Similarly, as the value of the crypto assets we don't own rises, the greed factor kicks in. And we may feel compelled to buy them at ridiculous prices, believing that the upward trend will continue. We are after all slaves of fear and greed, and these emotions are the investor’s worst enemy. It is, therefore, useful to keep them in check, and we are here to help you do so. We recommend the following five investment strategies, which can help you develop a distinct investor identity for yourself, instead of falling prey to the herd instinct.
DYOR (Do Your Own Research)Doing Your Own Research (DYOR) is the first step towards making an informed decision and developing an opinion about market
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