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Author Topic: Don't have high expectations in the crypto world.  (Read 447 times)
Eureka_07
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February 16, 2023, 01:58:44 PM
 #41

<snip>
We hear this proverb a lot, "too much is not good". Similar to the amount of expectation, I believe we should never expect too high if the odds are obviously showing it or if we do not know anything about the matter.
Remain neutral, I think it is a good discipline for someone being a newbie. You can expect things to happen, but they should be closer to reality. Be rational.

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February 16, 2023, 03:38:20 PM
 #42

Yeah, sure thing! Some people have made a ton of money with crypto, no doubt about it. But it is also important to remember that crypto can be a wild ride, with prices going up and down in a heartbeat. So if you are a beginner, getting your hopes up too high from the start could be a bad move. My advice is to do your homework and learn as much as you can about the risks and rewards before you invest. And don't treat crypto as a quick way to get rich - it is more of a long-term game. But remember, everything has its risks. No risk, no reward!

I guess having high expectations in crypto especially for beginners is not that bad actually since it can serve as their motivation to gain more knowledge and understanding about crypto, to be more patient and resilient about crypto. The only reason it becomes bad is that when these newbies start to assume that there is always huge profits in crypto, and that the chances of losing is very small. So they end up believing in lies because the fact is crypto has its higher chances of losing especially if you believe it’s a get-quick-rich scheme, and it could be life changing too once you put all your life savings in crypto and lose them all in the process.
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February 17, 2023, 07:06:41 AM
 #43

Without high expectations I won't put in the work, I think high expectations have everything to do with excitement and if you are into something you love doing then the excitement will be present and high expectations will be your end goal, it is actually a good thing to be honest.

Eureka_07 said too much of everything is not good, well, have you heard the story of how Airplanes are made? Those people dedicated their entire lives trying to find the solution to make planes fly in the sky, all their lives, they believed it will work out. If too much of everything is bad they wouldn't have gotten anywhere.

When it comes to your dream you don't play around or try to give up, this is not sugar, or smoking or sleeping with females around, I am talking about something that can bring huge change and impact lives around you. There is no too much when it comes to dreams.

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February 17, 2023, 07:44:18 AM
 #44

It is critical to move toward any speculation with a sensible and objective outlook, remembering ventures for the crypto world. While the potential for exceptional yields can be enticing, it's memorable's vital that putting resources into digital currencies accompanies an elevated degree of hazard.

Here are a few justifications for why it very well might be fitting to not have elevated standards in the crypto world:

Unpredictability: Digital currencies are known for their high instability, and that implies that their costs can vary quickly and unusually. This can prompt huge additions or misfortunes, contingent upon economic situations. This unpredictability can make it hard to foresee the exhibition of digital currencies over the long haul precisely.

Absence of guideline: The crypto market is to a great extent unregulated, and that intends that there is no administration oversight or security for financial backers. This can make it hard to safeguard your ventures and may build the gamble of extortion or robbery.

Absence of standard reception: Regardless of developing interest in digital currencies, they are as yet not broadly taken on by standard organizations and purchasers. This can restrict their true capacity for development and make it challenging to acknowledge critical profits from ventures.

Specialized intricacy: Digital currencies can be actually perplexing, which can make it hard for the typical financial backer to comprehend and assess their true capacity. This can prompt deception or errors about the innovation and its possible purposes.

While there is potential for development and benefit in the crypto world, moving toward these ventures with alert and sensible expectations is significant. It is likewise fitting to talk with a monetary guide or direct your own careful exploration prior to putting resources into digital forms of money.
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February 17, 2023, 08:48:21 AM
 #45

Do you think high expectations are good for crypto beginners?
Not just in crypto but also in other aspects of life high expectations always find a way to bring you down so expect the worst just as much as you expect the best. High expectations are bad because of the high level of disappointment it brings along. In crypto high expectations often leads to greed which results to loss of assests so its bad for everyone not just beginners to expect so much from a project.

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February 17, 2023, 11:18:39 AM
 #46

<snip>
We hear this proverb a lot, "too much is not good". Similar to the amount of expectation, I believe we should never expect too high if the odds are obviously showing it or if we do not know anything about the matter.
Remain neutral, I think it is a good discipline for someone being a newbie. You can expect things to happen, but they should be closer to reality. Be rational.
As the market has been bearish for a long time, investors' confidence in cryptocurrencies is increasing along with their expectations. But there is reason enough to raise expectations. Because the crypto world has given such hints many times. But expectations should generally be realistic. If I expect a target of $100000 in the next 1-2 years for Bitcoin, it certainly cannot be exaggerated. But here if i expect 1 million usd that may be exaggeration. Must acquire the ability to analyze oneself based on data and acquire sufficient knowledge on how to adapt oneself to the combination of current and future.

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February 17, 2023, 04:11:38 PM
 #47

I would say it depends but the condition of the market, having a high expectations will hurt you since it's very volatile. I wouldn't expect too much on my asset but if you are determined to make a huge profit in the future. Make sure you don't doubt and never regret on when you are selling your asset then reinvest after that. So, basically, all you need is a good plan whether it's plan A to Z in case the other plans doesn't work. That's all you need, determination!
It is not nice to have high expectations in cryptocurrency especially when you did not invest a very huge sum amount of money and also when you did not hold for a minimum of five years.

Having high expectations will do one of the following to you, it will either make you not to sell when you are supposed to sell because your expectation is not met. Or it will make you to invest in shitcoins were  both your capital and profit you will not see either of them. So it is better to invest what you are able to lose and not lose all because of high expectations.

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February 17, 2023, 06:15:11 PM
 #48

It is not nice to have high expectations in cryptocurrency especially when you did not invest a very huge sum amount of money and also when you did not hold for a minimum of five years.
Not everyone will be so lucky when they invest in crypto. Some became very wealthy because their investments exploded due to huge price increases, but the majority did not. I think it's okay to have high expectations about this investment, that's optimistic but it has to be commensurate with the investment budget one has.

I think one can expect 0.0041 bitcoin today to bring them high returns in the future. The estimate is $283 if bitcoin returns to $69K, or $848 if bitcoin can touch 3x its previous ATH. This was an unmistakable high hope, but it was only a matter of time and how likely they would hold it without a doubt.

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February 17, 2023, 06:55:35 PM
 #49

I would say it depends but the condition of the market, having a high expectations will hurt you since it's very volatile. I wouldn't expect too much on my asset but if you are determined to make a huge profit in the future. Make sure you don't doubt and never regret on when you are selling your asset then reinvest after that. So, basically, all you need is a good plan whether it's plan A to Z in case the other plans doesn't work. That's all you need, determination!
There’s no wrong actually if you set high expectations for crypto, that’s unavoidable knowing the news is all over the internet that a lot of people have been making millions because of crypto. As long as you are fully determined and you have set yourself to make it happen becoming successful in crypto, that will always be possible. But you should also know that crypto has its high risks, so you should learn to manage the risks associated with crypto.

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February 17, 2023, 07:24:34 PM
 #50

I don't think have problem with huge expectation in cryptocurrency world due many people have been success here but not blame about how many trader or investor losing their money after investing and trading in Bitcoin. Based on Bitcoin or altcoin price increasing seems not matter with high expectation in cryptocurrency world because many coins up more than above 1000% after launching and depending how lucky we are when investing in some altcoin.

Just make hard research before investing in Bitcoin or altcoin because always has potential one time to earn much profit trough cryptocurrency coins and we don't know which one coins will make us rich.

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February 17, 2023, 07:29:20 PM
 #51

I would say it depends but the condition of the market, having a high expectations will hurt you since it's very volatile. I wouldn't expect too much on my asset but if you are determined to make a huge profit in the future. Make sure you don't doubt and never regret on when you are selling your asset then reinvest after that. So, basically, all you need is a good plan whether it's plan A to Z in case the other plans doesn't work. That's all you need, determination!
You have a good point. No matter how risky it is, as long as you have your own plan on how to make it work, and you have faith in crypto that’s why your determined to succeed, then it’s never an issue if you set high expectations for crypto. For me, it’s also a sort of good motivation because I won’t be striving hard if I know from the start that taking all these risks are worth for nothing.
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February 17, 2023, 08:16:30 PM
 #52

I will add this threat every thing that has the potential of giving back high ROI as a business. Generally life is full of risk but while we venture into risky stuffs with good prospects it is wise to keep our expectations feasible with low greed. Like the digital assets that are highly volatile it is better to take profits periodically if there are signs of more ROI than risking out everything. Sometimes external forces can push the market in the opposite direction of our analysis and predictions so to avoid been trapped taking profit and risking less safes our capitals from future calamity
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February 17, 2023, 08:48:07 PM
 #53

You'll be disappointed if you have absurdly high expectations, and this doesn't solely apply to cryptocurrencies but to life in general. Be realistic, and everything will turn out fine. The issue with cryptocurrencies is that media coverage made them look like a get-rich-quick scheme after portraying some early success stories. The truth is that there are people, even in this forum, who have made or are still making huge money through cryptocurrencies. However, chances are that the majority of us won't manage something like that, and this is where expectations fall through, which is why we need to be as realistic as possible to avoid feeling that disappointment.
It may also be known to us that crypto is not just life changing because of millions of profits you can gained from it, but it can also be a reason to turn your life upside down because you chose to deal with crypto the wrong way. The reason why setting high expectations are also not helping since it can lead us to frustrations and even anxiety. So live your life according to its realities. That way, you don’t have to exert much efforts especially in some things that you know won’t work in the end.

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February 17, 2023, 09:34:24 PM
 #54

I see a lot from the perspective of some beginners like me who are new to cryptocurrency.
Sometimes, some of them see the cryptocurrency world as an easy way or business to get profits or get rich quickly.
This perspective comes up because we are seeing so many people become rich because of crypto, so many people are able to get high profits from crypto trading and investment, and how many people spread and notice their accounts with huge money because of this crypto business.

But, most of them don't understand and don't even want to see what kind of process that that successful crypto results have been passing. We sometimes only see the success of someone, but we don't consider what kind of obstacles and experiences they have been passing. This will not be easy for us and they may also have experienced bad things very much in this crypt business. But as long as doing good consistency with good evaluation to be much better, they finally can be successful as we think right now.

But unfortunately, many newbies don't see and cosnider about this. Many newbies consider that it is very easy to be rich from crypto that is why they want instat ways. It ends up in getting scammed becuase they are easily deceived by the scammers with high profit promises.

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February 17, 2023, 09:49:05 PM
 #55

Yeah, sure thing! Some people have made a ton of money with crypto, no doubt about it. But it is also important to remember that crypto can be a wild ride, with prices going up and down in a heartbeat. So if you are a beginner, getting your hopes up too high from the start could be a bad move. My advice is to do your homework and learn as much as you can about the risks and rewards before you invest. And don't treat crypto as a quick way to get rich - it is more of a long-term game. But remember, everything has its risks. No risk, no reward!

It’s not a problem to expect much in crypto but also make sure you know your limits when it comes to risky investments. Otherwise, you will be more eager to invest without thinking about the risk of losing, just because your mind is focus on the idea that crypto can make you real rich quick. So manage your risk, and always invest on the amount that you will not regret losing.

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February 18, 2023, 09:10:31 PM
 #56

Without high expectations I won't put in the work, I think high expectations have everything to do with excitement and if you are into something you love doing then the excitement will be present and high expectations will be your end goal, it is actually a good thing to be honest.
One can't go into something without having an expectation, that's where the joy comes in, investing or putting your resources into something, means you you should be expecting something in return, just like gamblers they have high expectation on the return that's why they stake, having an expectation is the fund of investing into something, that you will want to get a return from. So having a high expectation is the beauty of investing in crypto currency.

R


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dansus021
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February 19, 2023, 09:32:24 AM
 #57

Yeah, sure thing! Some people have made a ton of money with crypto, no doubt about it. But it is also important to remember that crypto can be a wild ride, with prices going up and down in a heartbeat.

Aye dude you have a good point but believe it or not you and I maybe still have feel the wild ride to this date.  Grin

But yeah High Risk High Reward that is crypto is, just don't FOMO its bad, there is always an opportunity out there. You not losing the train and its better late than do no thing.

Like Stalker22 have said its crazy wild ride and pretty much can attack your mental  Grin but with proper risk management and keep education ourself it will be fine.

But the heartbeat part is still there  Cheesy the price is volatile you will feel it.

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February 19, 2023, 10:37:41 AM
 #58

I see a lot from the perspective of some beginners like me who are new to cryptocurrency.
Sometimes, some of them see the cryptocurrency world as an easy way or business to get profits or get rich quickly.
This perspective comes up because we are seeing so many people become rich because of crypto, so many people are able to get high profits from crypto trading and investment, and how many people spread and notice their accounts with huge money because of this crypto business.

But, most of them don't understand and don't even want to see what kind of process that that successful crypto results have been passing. We sometimes only see the success of someone, but we don't consider what kind of obstacles and experiences they have been passing. This will not be easy for us and they may also have experienced bad things very much in this crypt business. But as long as doing good consistency with good evaluation to be much better, they finally can be successful as we think right now.

But unfortunately, many newbies don't see and cosnider about this. Many newbies consider that it is very easy to be rich from crypto that is why they want instat ways. It ends up in getting scammed becuase they are easily deceived by the scammers with high profit promises.
Unfortunately, if we're realistic, the majority of us won't make a fortune through cryptocurrencies. Most of us missed the train when Bitcoin was extremely affordable in the first few years of its founding, making it almost impossible to have a similar opportunity if you're starting from scratch. Personally, I'm fine with having a small side income through cryptocurrencies; becoming rich isn't one of my goals, nor is it realistic. However, as you've already mentioned, this perspective is often portrayed by the media, showing a minority of people who were clever, lucky, or both and took advantage of the earliest years.

R


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February 19, 2023, 12:41:49 PM
 #59

Do you think high expectations are good for crypto beginners
I guess most of us who start in cryptocurrency expect to get rich easily when we invest in it, probably because we know someone or we have a friend that gets lucky on cryptocurrency that gets rich easily. And then when you enter cryptocurrency you also expect that it is an easy investment where you could easily profit when you just invest. And then after losing a lot of your investment you start to learn more about crypto and learn that it is not that easy, that you need to be careful investing in it and not make it something that you would rely on because not all people who invest in it will earn a profit, only a small percentage of investors win and most of the investors are losers.

And then you started to earn profit in investing because you already learn bitcoin, and then it all started from that you are interested already and wanted to share what is cryptocurrency or bitcoin and what it is capable of. For me, it is just normal for a lot of people of beginners to have high expectations, but the truth is we all have high expectations in it that is why we continue to invest in cryptocurrency because we believed on it that someday even though it hit a very low price at the moment, in the future it is going to repeat history where it is going to hit its new high and all of the people who invested when it's low get their reward.

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February 19, 2023, 03:24:18 PM
 #60

So having a high expectation is the beauty of investing in crypto currency.

the most important thing is not to place our high expectations on the wrong assets. we can have high expectations when we invest in the right assets. it's not a problem when we also do the planning properly. we can also expect the trades that we do, as long as we do have sufficient skills to be able to continue to be profitable in trading. even if it is a small amount.

but some beginners have very little experience. or maybe because they were too excited to do it. it makes them look like suicide. without knowing which asset is worth buying, and instinctively they buy shitcoin in the hope that it will get a decent return. or knowingly following the advice of friends or others when placing futures trades without proper skills and knowledge.

we can have high expectations when we do have the ability. otherwise, I'm afraid the crypto space will only dash their hopes.

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