People with quick rich attitude always mess up with alt coins

[southerngentuk]

Avoiding hype is a wise approach in the cryptocurrency market. Therefore, we should learn from the experiences of others or even from the wrong lessons that we have experienced. This can help us avoid making unnecessary mistakes or mistakes we have experienced. In addition, you should also do your own research before investing in a project because it helps you understand how the project works and how strong the community is, thereby making informed decisions.

[Bolivar_Tony]

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.

This is normally in crypto that's how new money comes into crypto, I have made such mistake in the past in shiba inu and i throw in so much money into it and it's has gone down so much, you might not understand but i have experienced it, a coin might start pumping and you are watching it move from 10 percent up to 100% and you kinda what am i wasting time, it might still go up, it's such situation.

[Silberman]

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.

This is normally in crypto that's how new money comes into crypto, I have made such mistake in the past in shiba inu and i throw in so much money into it and it's has gone down so much, you might not understand but i have experienced it, a coin might start pumping and you are watching it move from 10 percent up to 100% and you kinda what am i wasting time, it might still go up, it's such situation.

Just make sure to not repeat the same mistake again thinking about recovering the money you have lost so far with shiba inu, maybe at some point in the future the coin will recover and you could at least breakeven, but if you try take the easy way out and invest in other meme coins to recover what you have lost so far the most likely scenario you will have to face is that you will once again lose money with a meme coin, and at that point it would become almost impossible to salvage yourself from total and absolute ruin.

[jacafbiz]

What we are seen now with these memes is the best way to transfer wealth from the Haves not to the Haves. I don't understand why someone with a portfolio of $100 is chasing these Memes the gas price alone would eat all your portfolio, if at all you want to buy into them use CEXes the problem with CEXes that list them is that they too want to dump on you, just look at Pepe on BInance. Just be careful

[smile1218]

People with quick rich attitude is true that can really mess up with alt coins. It is so risky and volatile to invest in alt coins. Making an impulsive decisions based on the desire and for quick profits would result to losses. Bear in mind that having a quick rich attitude is not advisable to do in investing crypto currency, try to do a research first and study the flow of crypto currency to be able to fully understand the risk that you will face when you do alt coin trading. Always remember also that invest only what you can afford to loose.

[hyudien]

One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.

I don't really know what the Safemoon project is or is this project actually in the shitcoin circle? After all, for someone to get into a new project and have pumped 100% is a red flag when going in to buy. Maybe it's the FOMO of beginners who are consumed by the instigation of irresponsible crazy influencers after throwing away the price. Beginners infatuation always starts with the ambition of big profits in volatile assets. Once again, if they have learned a lot about investing and trading buying when it goes up, they will never understand the concept of investing at all.

[FahriZah]

Some crazy people’s want to rich very faster and no have enough patience because Thire have one thinking always their mind how to make 2x 3x profit very short time than if not can,t rich quickly than upset.

[timoshani]

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.

Yes, the thoughts are correct, but just for these actions and there is no time for a rapid increase in the value of the coin. While we will reflect and analyze - time will pass. The profitable moment of the investment will be missed. Therefore, you have to take risks. Also attracts the possibility of obtaining a quick profit.

[krishnaverma]

Sometimes, people need to learn from two things.
1. Someone advises
2. Their own experience.

You can advise many people for a better investment, but as you know cannot expect everyone are gonna to hear you. They need to take a leason from their experience, If they losing on shit token.

Then, they're gonna to get a good leason to not touch again ~XD No matter, how good is our advise people will still trying to chase shit token (hype).

It is unfortunate that majority of new investors in crypto have to learn from their own mistakes or experience. I do not blame them entirely for this as crypto  is still a new concept. However, true signs of wisdom are when a person learns from the mistakes of others. This will increase his chances of success in new ventures also.

There is so much information available online related to crypto. So far as getting scammed with alt coins is concerned, the patterns are always same. So if someone gives attention, he can find out such scam from beginning without the need to invest in it.

[kamvreto]

It is unfortunate that majority of new investors in crypto have to learn from their own mistakes or experience. I do not blame them entirely for this as crypto  is still a new concept. However, true signs of wisdom are when a person learns from the mistakes of others. This will increase his chances of success in new ventures also.

Learning from their own mistakes is also necessary, meaning that if something goes wrong in trading they also have experience so they know what to do if faced with the same problem. However, a pretty good shortcut is to learn from other people's mistakes, research what went wrong and apply it so you don't fall into the same mistakes as other people.

There is so much information available online related to crypto. So far as getting scammed with alt coins is concerned, the patterns are always same. So if someone gives attention, he can find out such scam from beginning without the need to invest in it.

It requires more skills to research each investment project that will be involved. a lot of information is available on various social media and can be learned easily. The scammer's pattern is the same, but remember that the scammer's methods also evolve over time.

[Pierre 2]

I honestly experienced this myself alone. I decided to hodl one of my altcoins when it made like 10x. It is currently dead coin. My profits were very very low compared to initial investment. Melt through holding. I suggest people to invest and hodl only the greatest coins. I count great altcoins like Ethereum or BNB. But with other altcoins, its far better to trade instead of investing and waiting. Result would be making profit quicks with diminishing risks.

[Yamifoud]

I honestly experienced this myself alone. I decided to hodl one of my altcoins when it made like 10x. It is currently dead coin. My profits were very very low compared to initial investment. Melt through holding. I suggest people to invest and hodl only the greatest coins. I count great altcoins like Ethereum or BNB. But with other altcoins, its far better to trade instead of investing and waiting. Result would be making profit quicks with diminishing risks.

I was been doing this before during ICO/IEO time. I was new in the crypto space at that time and had fewer experiences but I thought that investing in them are great and I buy cheap coins thinking I could earn more in the future. But to notice that till today, it remains at $0 and is not listed in the market anymore.

That I would say that price really didn't matter in investing in crypto but must consider the potentiality of the project as this is how we measure the future of our investment.

[QueenVera]

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

If you invest in a coin that just pumped 100% without knowing the reason behind the pump then you're not a serious investor. As an investor you should know why a coin is dumping or why it's pumping before you invest unless you don't care about losing your money as that's what will happen.
Altcoins can be pumped without any reason as pump groups and shillers are pumping the altcoins to look for losers to dump their bags on. Don't chase after pumps as they're not a healthy way to invest. Always research on a project to know what's going on before you invest into any altcoins.
Safemoon is not a good project to invest into, it's an old memecoin and no longer trending because we have hot ones now and getting listed on Binance and other top exchanges. If you want to invest in memecoins let them be the ones trending but sell before the hype dies so you don't lose.

[Silberman]

I honestly experienced this myself alone. I decided to hodl one of my altcoins when it made like 10x. It is currently dead coin. My profits were very very low compared to initial investment. Melt through holding. I suggest people to invest and hodl only the greatest coins. I count great altcoins like Ethereum or BNB. But with other altcoins, its far better to trade instead of investing and waiting. Result would be making profit quicks with diminishing risks.

Both ethereum and the binance coin are good projects which are leagues above the standards of most altcoins, however even when it comes to them I will have serious doubts about holding those coins for the long term, and this is because they are both centralized coins and as such the risk they can disappear overnight is way higher than the risk you will have to face with bitcoin, however this does not mean that I frown upon investing in those coins, this can be done and it can be a great source of profits, however when it comes to long term holding I will never trust them in the same way I trust bitcoin.

[Halime Anatolia]

Is it only with altcoins?

People are so dumb. You take safemoon as an example but if you are also watching all time chart and you will be seeing how this shit scam token dumped so hard. People care about gambling their money to the shit scam coin. They never fear to lose it.

They think that if betting in shit scam token like that is far better for them. Altcoins being used only for gambling purpose.

They already understand that it's not a good choice but because they get greedy, that's what makes them choose it anyway. It's as if they are gambling by buying tokens or coins, which can be fraud and even though they know it, they still buy it in the hope that they can benefit from the tokens. Indeed, sometimes we can benefit from investing in tokens like that, but we don't know which will give us a profit and which will be a fraud. They should decide to invest in bitcoin only so they will not become victims of fraud from irresponsible projects.

The idea of high risk and high rewards, drive those investors. Whether it is a good thing to do or not, no one would be able to tell 'coz if they manage to come up with a huge win, those who did not believe in them would be put in silence. For sure they are aware of the chances of losing, no doubt. Except for those who are just easily carried away by their emotion and those who are just following what's solely popular. Not totally wrong except for their entry points wherein some would enter when prices are at peak, expecting for a higher market value. Unfortunately, things does not work as simple as that. Even simple price action would give you the answer to the question whether it would be still profitable to engage in a particular token, halfway of the increase. Bottomline is, we are all guessing how will the market price behave. Difference only is with basis or hunch as is.

Correct. Your opinion is very basic. I see from the owner and for the alley to enter and invest is not wrong I think they might just expect the investment value to increase. the problem is that the founders don't have the desire for this project to be advanced, do they not understand, I don't understand either. what is certain is that if only the fulcrum is on token sales from buyers, I think it will always go in place.

[bakasabo]

I would be surprised if people with poor attitude or people would ever think about investing or investing into altcoins particularly. First of all being poor is a state of mind. Such people are to cautious, to much scared to spend money on something besides basic necessities. Second, like people said, they would be to scared to learn new and make a research of that. Also, such people dont fully realize how hard money are earned. That is why doing or obtaining something quick has bad context behind it. Only experienced can do something quick. In any other scenario - it will be a mess up situation in the end.

[yazher]

That's because most of them forgot the rules where you only invest the money you can afford to lose and when it comes to investing in altcoins, you should also know how to handle losses and understand the projects you are investing your money with because sometimes a certain coin only has healthy liquidity because of the current hype but when it's done, it won't gonna be the same and the price will remain low forever. That's why they always messed up because they don't take their time to investigate and have proper research instead they just blindly follow the crowd and did not going to care so much about their capital which was the reason for their money to lose.

[Hypnosis00]

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

Does everyone is reading what you have posted in the forum or does everyone hear from you? Unfortunately, not all, and even though some people read it, still commit mistakes by investing useless coins due to the influence of social media and some known personalities. I would say that no matter what we do, things like this will happen to someone else, especially for greedy people as it was hard for them to think twice. They can make decisions right away without thinking about the possible risk and losses that awaits them. And yes, it really happens...

[rybako]

The quick rich attitude always fails in every aspect of life, not just investing in cryptocurrency.

While there are people who are inattentive and attention deficit, there are these people investing and in many aspects they are similar. One can go to coinmarketcap and see which coin has the maximum percentage rise in the last 24hours and they will obviously find some shitcoin that they never heard of existed.

Such coins are a huge manhole to step in, because they are essentially being pumped and going to dumped, waiting for small fries to get their hands on them.

That is why so many chit fund companies are able to fool so many people. Greed is always there.

[Pamadar]

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

Does everyone is reading what you have posted in the forum or does everyone hear from you? Unfortunately, not all, and even though some people read it, still commit mistakes by investing useless coins due to the influence of social media and some known personalities. I would say that no matter what we do, things like this will happen to someone else, especially for greedy people as it was hard for them to think twice. They can make decisions right away without thinking about the possible risk and losses that awaits them. And yes, it really happens...

Absolutely, even there is a lot of information regarding to this, not everyone will follow.

We will continue to see people who will be lazy and will still follow this kind of attitude towards this investment, thinking that by one luck
they will change their life forever, same concept with gambling. They are thinking that if they will invest with new project and that project will pump hard, then the money will multiply to the value that beyond their imaginations.