Since the invention of Bitcoin in 2009, the global cryptocurrency market has been from scratch About US $ 2 trillion.. From the price of US $ 1 in 2011, Bitcoin rose to a record high of over US $ 63,000 in April 2021 and is now hovering. About US $ 42,000 mark..
Large fluctuations in cryptocurrency prices are common, which makes them a very speculative investment. What people are willing to take risks and what motivates them?
Conducted a survey To find out. In particular, I wanted to know the relationship between the so-called “dark tetrad” personality traits and attitudes towards cryptocurrencies.
They are called “dark” because of their “evil” nature: utilizing others without extreme selfishness and empathy. Dark tetrads are often associated with risk-taking behavior.
The charm of cryptocurrencies
We have identified two major areas of attraction. First, the high risk and high potential benefits of crypto trading are attractive to the kind of people who like gambling.
Second, cryptocurrencies are not issued or supported by governments like traditional currencies or fiat currencies. This makes them attractive to those who distrust the government.
What is the character of a crypto buyer?
We asked 566 people to complete an online personality survey and answer questions about their attitude towards cryptography and whether they plan to invest in it. Of the participants, 26% reported possession of crypto, and 64% expressed interest in crypto investment.
Standard psychological tests were used to measure the characteristics of their dark tetrahedra. We also measured the properties that could link the Dark Tetrad to cryptographic decisions: Fear of overlooking (FOMO; the feeling that others are experiencing something better than you), Positive (Tendency to be positive or optimistic in life), and Belief in conspiracy theory..
Why do people want to buy crypto?It ’s not just about making money
A common reason to invest in crypto is the desire to get high returns. Beyond the desire to build wealth, our research shows that dark personality traits also encourage the purchase of cryptocurrencies.
Machiavellianism takes a calculated approach to achieving goals and avoids impulsive decisions.They are unlikely to engage Gambling addiction..
Machiavellianism also tends to strongly believe in government conspiracy. For example, they often believe that politicians usually do not reveal their true motives and that government agencies closely monitor all citizens.
Machiavellianism turned out to be a favorite of cryptocurrencies, primarily because of his distrust of politicians and government agencies.Many crypto supporters believe the government is corrupt, and Cryptography avoids government corruption..
Overconfidence and aggressiveness
narcissism Is an egocentric personality, characterized by feelings of privilege and superiority over others.Narcissists are overconfident and willing to do the following: Make high-risk investments in the stock market And gambling.
Narcissists tend to focus on the positive aspects of life. We have found cryptic narcissists because of their great faith in the future, and because their self-confidence will improve their own lives.
Cryptographic impulsive psychopath
Psychopathy is a hallmark of cold and impulsive antisocial personality. People with psychopathies often find it difficult to recognize, understand, or deal with emotions due to lack of emotional intelligence and empathy.
The reckless nature of the psychopath makes the psychopath more resistant to stress and anxiety.As a result, the psychopath Seeking stimulus And risk take. They are prone to gambling addiction and gambling addiction.
Cryptographic impulsive psychopaths have been found because they are afraid to miss investing the rewards that others are experiencing.
How is sadism related?
every day sadism It is related to the personality who enjoys the suffering of others. Sadists often show aggression and cruel behavior. For example, sadists troll others on the Internet for fun.
At first glance, buying a cipher is unlikely to harm others. However, I didn’t want to miss the investment reward, so I found a sadist like a crypto. For them, perhaps both the joy of seeing the pain of others and the fear of missing it are related to selfishness.
It turns out that unlike narcissists, both psychopaths and sadists lack a positive attitude about their outlook. This counteracts their cryptographic taste.
Studying cryptocurrencies through the psychological lens of Dark Tetrad provides insight into why people want to buy cryptocurrencies. Not everyone interested in cryptography suggests displaying dark tetrad characteristics.
We have studied only a subset of people who are interested in cryptography with these properties. If you are a Bitcoin or other crypto holder, you may or may not exhibit them.