Most investors have a pigeon mentality



Let me prepare you emotionally a little. In 90% of what I write below, you'll recognize yourself and you'll like it.

But there will also be a moment when you'll say "fk you MisterSpread". It's okay. Breathe and move on, because that part is exactly what you need.

And so I don't sound like I'm looking down on anyone: I was exactly like that 15, 16 years ago. I ran after anything that made noise. The difference is that I paid the tuition fee and now I flip when the price tells me to.

Now let me tell you where the idea came from.

I was in the park one morning. The pigeons already had food on the ground, more than they needed. They were full, calm, they had everything they needed. "They had already invested and were sitting still in position."

Then I came along. With a bag that only had some crumbs in it. I made a little noise with it. And in two seconds they dropped everything they had and came to me.

That's the entire market in one scene.

My crumbs were nothing compared to what they already had on the ground. But the noise won. Not the consistency, not what was real and on the table. The noise. Why does it work?

Because the pigeon doesn't compare. It doesn't put the crumb from the bag next to the food under it to see which is bigger. It reacts to movement and sound, not value. The bag rustles, so the bag must be full, right? No. Sometimes it has three crumbs and an empty wrapper.

You see this every cycle, not just in crypto but also in traditional markets. One asset sits quietly, does its job, builds bullish structure, HigherLow after HigherLow.

And somewhere else another appears, still bearish, in LowerHigh after LowerHigh, doing +40% in a day on nothing but noise and a well-written thread.

And suddenly what you have in hand, what actually has structure, seems boring. You sell it, you run to the rustle, you catch the asset just broken on the last green candle. The next day the bag is empty and you are far from the place where you had food.

Here is the moment when you should have stopped and asked yourself: "dude, what am I doing here? I had food under my feet, why am I chasing after a bag I haven't even opened?"

But you don't ask. Because it's the fear of missing out, dressed in feathers. You have a good position, you have a plan, you have what you need under your feet. But someone next to you runs toward the bag and suddenly what you have no longer seems enough. That's how you leave your good asset to catch a spot in the circle, next to the loudest rustle.

And here's the ugly part. When all the pigeons reach the bag at the same time, there's no food for everyone. The fast ones grab a crumb.

The rest stay around an empty hand, after leaving behind a place where there really was what they needed. In the market, this is called buying the hype because it seemed like everyone was eating there. Someone sells you the entry exactly when they make the exit.

And here's the question few ask before they run: "dude, what does that person actually want, are they giving me something real or just shaking the bag louder than the others?"

How do you get out of the pigeon mentality? You don't run faster toward the bag. You stop and count what you already have. The price doesn't rustle to call you. The price sits there, silent, and shows the direction whether you look at it or not.

When an asset makes LowerHigh after LowerHigh for months in a row, that's not a full bag waiting for you, it's someone shaking an empty wrapper to move you from the good spot.

And when one makes HigherLow after HigherLow while everyone is looking elsewhere, that's real value, which few see because it doesn't make noise.

The question is not "what do I buy now." It's "am I reacting to what's real or to who's rustling the loudest?"
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned