A recent survey by ChainPlay reveals that 92% of cryptocurrency investors make buying decisions based on emotions, with rapid price increases being the primary trigger. Despite 87.6% of respondents claiming to focus on long-term potential, only 33.4% actually hold their investments for more than a year. The study highlights the challenges of emotional investing, particularly in the 24/7 crypto market environment. Experts recommend strategies such as diversification, dollar-cost averaging, and focusing on fundamentals to reduce emotional bias in investment decisions.
Survey: 92% of Crypto Investors Driven by Emotions in Buying Decisions
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