Crypto personality traits – 7 TCI traits

Crypto personality traits: There’s no one-size-fits-all answer to this question, as each individual’s temperament will differently affect their approach to cryptocurrency investment. However, a few key personality traits are commonly associated with successful cryptocurrency investors.

Generally speaking, successful crypto investors tend to be analytical and logical, and they’re not afraid of taking calculated risks. They’re also comfortable with ambiguity and change and not easily discouraged by market fluctuations or setbacks.

If you’re contemplating investing in cryptocurrencies, it might be helpful to research the different personality styles associated with successful investing and find one that best aligns with your temperament. However, a few key temperament characteristics can help determine which crypto investment style is right for you.

The Temperament Character Inventory (TCI) is a widely-used tool that assesses an individual’s characteristic behavioural tendencies.

Crypto personality traits – Temperament and Character Inventory (TCI)

TCI is a 240-question personality test developed by Cloninger and colleagues and consists of four temperaments and three character dimensions. The temperaments are Harm Avoidance (HA), Novelty Seeking (NS), Reward Dependence (RD), and Persistence (P). The character dimensions are Self Transcendence (ST), Self-Directedness (SD), and Cooperativeness (C).

1. ST refers to the extent to which one’s goals and construction of meaning in one’s life is influenced by a sense of connection with self, others, or a higher power. It is measured on a scale from low to high.
2. SD refers to the extent to which an individual views their interests, abilities, and emotions as emanating from within versus external forces. It is measured on a scale from low to high.
3. C refers to an individual’s ability to participate in mutually rewarding relationships with others, and it is measured on a scale from low to high.

Crypto personality traits – What is Harm Avoidance (HA)?

Harm Avoidance is a personality trait that refers to an individual’s propensity to avoid harm or negative experiences. The Harm Avoidance theory states that overly cautious people are less likely to engage in certain activities because they fear injury, failure, criticism, or disapproval.

1. People who score highly in HA avoid activities out of fear of injury or harm. They are more sensitive to pain, hunger, heat, and electrical shocks.
2. Higher HA is associated with higher rates of phobias, panic disorder, social anxiety, generalized anxiety disorder (GAD), obsessive-compulsive disorder (OCD), post-traumatic stress disorder (PTSD), avoidant personality disorder (AvPD), and depression.
3. Low HA is associated with risk-taking behavior, high novelty-seeking, impulsivity, low persistence, low deliberation, sensation seeking, low conscientiousness, external locus of control (i.e., the belief that one’s outcomes are due to external factors beyond one’s control).

Crypto personality traits – What is Reward Dependence?

Reward dependence is a personality trait that measures an individual’s reliance on external reinforcement and the tendency to engage in behaviors as a means of gaining such reward.

• People who score high in RD tend to rely on external rewards.
• Higher RD may cause people to experience anxiety when their investments do not turn out as expected.
• People who score low in RD are more likely to be independent and self-sufficient. They do not rely on external reinforcement for their behaviors, which may explain why people scoring low in this trait tend to invest in cryptocurrencies sensibly rather than impulsively. On the other hand, people with high RD scores find it more stressful not to receive reinforcement from others, and they are more likely to take risks by investing impulsively in cryptocurrencies.

Crypto personality traits – What is Novelty seeking?

Novelty seeking is a personality trait that reflects an individual’s preference for new and exciting stimuli.

• People who score high in NS tend to be more exploratory, curious, and impulsive. They experience intense bursts of enthusiasm and do risky things — such as investing — while hoping for the best outcome.
• People with low NS scores tend to be well-grounded and cautious. They typically invest only after much consideration and planning.

Crypto personality traits – What is Persistence?

Persistence is a personality trait that reflects an individual’s tendency to work hard to reach their goals.

• People who score high in P tend to be industrious, ambitious, frugal, and hardworking. They are persistent, planning ahead and setting goals.
• Low P scorers tend to be less engaged with their work and more willing to be spontaneous or take unnecessary risks. They may not think things through before making decisions (such as investing impulsively).

 Crypto personality traits – What is self-directedness?

Self-directedness is a personality trait that refers to how people believe their actions originate from within as opposed to outside sources. People who score highly in SD tend to be independent, self-sufficient and unafraid of new experiences, and they also tend to think creatively and have strong problem-solving skills.

People who score high in self-directedness are only satisfied when they have control over their environment or choose from a variety of options. This trait is characterized by the ability to overcome obstacles and solve problems. Self-directedness also involves having a strong sense of purpose, being reliable and honest with themselves and others, and taking responsibility for their actions.

• People who score low in self-directedness prefer order, routine, and familiarity, and they tend to be more concerned with security than adventure. As a result, people with low self-directedness are less likely to seek novelty through cryptocurrencies or other risky investments that may lead to massive returns.
• Individuals with higher scores in SD exhibit greater conscientiousness and self-control. High SD scorers tend to think before they act and are more likely to consider the consequences of their behaviors. They show a preference for planned rather than spontaneous behavior.

Crypto personality traits – What is Cooperativeness?

Cooperativeness is a personality trait that reflects an individual’s tendency to be helpful and unselfish with others versus being suspicious and competitive. It is measured on a scale from low to high.

• People who score highly in cooperativeness are more likely to collaborate easily, share opinions, and help others when in need. They are also more sensitive to the feelings of others, which may explain why they are less likely to invest in cryptocurrencies that have high risk-reward ratios.
• People who score low in cooperativeness prefer to work independently rather than with others. They tend to avoid open communication about their goals and feelings because they fear that others will exploit them. As a result, people who score low in this trait are less likely to talk about cryptocurrencies or their performance with friends and family.

Crypto personality traits – How does one’s personality relate to cryptocurrency investments?

1. People with high RD scores may be more likely to invest impulsively in cryptocurrencies because they crave reinforcement from others, even when this investment may not make sense. They are also less likely to think about the risks of investing, given their impulsive nature.
2. People who score low in persistence, self-directedness, and cooperativeness tend to be less interested in cryptocurrencies or other precarious investments. They are less likely to persist toward goals, work hard towards their goals, and avoid taking responsibility for their actions.
3. People who score high on persistence are likely to invest more time researching different coins before making any decisions. Such individuals are also more likely to hold onto coins that may have fallen in value without selling them.
4. People who score low on persistence are more likely to sell their coins immediately when the value falls or feel that something is wrong with the coin. They also tend to rely heavily on others’ opinions for decision making, which may not be a good thing since they are less likely to process information independently.
5. People who score highly in self-directedness are likely to invest more money into cryptocurrencies because they have the skills to understand what is happening with their investments. They tend to be less emotional about their decision making, which helps them avoid overreacting to market fluctuations.
6. People who score low in self-directedness are more likely to invest impulsively or to follow the advice of others, regardless of whether or not this advice is good for them. In addition, people who score low in self-directedness tend to be more anxious about investing, which can cause them to sell their coins too quickly.
7. People who score high in cooperativeness are likely to resist selling their cryptocurrencies because they don’t want to let others down. In addition, they are more likely to listen to the opinions of others when it comes to their investments.
8. People who score low in cooperativeness tend to sell their coins quickly when the value falls because they don’t like to be seen as failures by their friends and family members. Even if these individuals have a good reason to sell, they may not mention that reason to others because they don’t want their friends and family to perceive them as problematic.

What should you do if you’re impulsive?

If you get excited about cryptocurrencies and want to discuss them with everyone around you, impulsive tendencies may cause some anxiety or relationship problems in your life. In this case, try to make a plan for investing and stick to your schedule as much as possible. Having a specific reason you are investing will prevent you from reacting emotionally when the price fluctuates – good or bad – which can help you avoid negative feelings that may cause stress in your relationships with others.

What should you do if you’re a perfectionist?

If you worry about making mistakes, cryptocurrencies may not be the investment for you. Some people who score high in this trait are too afraid of losing money to invest at all. In addition, perfectionists tend to want to make sure that they have everything figured out before investing, making them miss out on opportunities. If you are a perfectionist, try investing in some coins that have the potential to increase by only a tiny amount so that you don’t lose money if your prediction is wrong.

What should you do when anxious about making mistakes?

If you feel like everyone around you is more knowledgeable than yourself regarding cryptocurrencies, you likely have anxiety about investing. This anxiety can cause you to sell your coins when their value falls, even if the price drop isn’t that significant. In addition, it might cause you to rely too heavily on other people’s advice instead of making your own decisions.

If this sounds like you, try talking to a friend or family member you trust about your concerns. It may help to hear about other people’s experiences with cryptocurrencies, and it might make you feel more comfortable with investing. You can also try thinking through some of the potential risks before you invest so that anxiety doesn’t cause you to overreact when something happens with your coins.

What should you do if you’re very curious about cryptocurrencies?

If you are very curious about cryptocurrencies, likely, your curiosity will eventually cause you to invest in them. However, if you don’t have a plan or knowledge of what you’re investing in before spending money on coins, the investment might not be worthwhile. People curious about new ideas are more likely to experiment with cryptocurrencies, but it’s essential to know about the investment before spending a lot of money.

If you’re very curious, try researching to learn more about cryptocurrencies and why they might be a good option for your future investments. Although curiosity can sometimes outweigh knowledge when making decisions, having more information about what you are investing in is likely to be helpful when it comes to making decisions about your coins.

Crypto personality traits – Conclusion

This article describes characteristics associated with people who become quickly interested in things like cryptocurrencies, have difficulty controlling their urge to buy, and might not have a good idea of what they are investing in beforehand. This is relevant because cryptocurrencies are very new, and people often get into them without thinking through the consequences or knowing what they’re getting themselves into.