Putting money into crypto currencies is more akin to gambling than investing, but is providing some potentially interesting data on the evolution of financial bubbles. Some people will get lucky and a lot of people will probably lose most of their investment.
Mark Fenton-O'Creevy is Professor of Organisational Behaviour at the Open University and is Associate Dean (External Engagement) for the Open University Faculty of Business and Law, where he is also a member of the True Potential Centre for the Public Understanding of Finance (PUFin). He is an educator, researcher and consultant. He has a long standing interest in the work, behaviour and performance of professional traders. He has acted as an academic advisor to BBC programmes including the Money Programme', and 'The Love of Money' and (with Adrian Furnham) created the 'Big Money Test for the BBC's LabUK and the Watchdog programme.
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Reblogged this on Estudios Sociales de los Mercados.
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Good and clear points Mark. Thanks for sharing this.
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Have you invested in crypto / alt coins?Whats your take from behaviral finance viewpoint?
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Putting money into crypto currencies is more akin to gambling than investing, but is providing some potentially interesting data on the evolution of financial bubbles. Some people will get lucky and a lot of people will probably lose most of their investment.
LikeLiked by 1 person