People with quick rich attitude always mess up with alt coins

[gabbie2010]

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.

Some traders or investors who get late when the price of that particular altcoin hasn't reach 100% are very lucky though fewer in number compared to the majority who bought at peak when the price is on reversal mode basically it's due to their inability to analyze and made research about that particular altcoin, for instance I was lucky to read the recent XRP court case a Sec which ripple won consequently triggering a massive pump on it price, I bought at the middle of the price rally and sold at high, actually the reason for that massive pump was because of the case won by XRP, there are other more examples we are to kept abreast with latest news on any altcoin to be traded.

[lalabotax]

Some traders or investors who get late when the price of that particular altcoin hasn't reach 100% are very lucky though fewer in number compared to the majority who bought at peak when the price is on reversal mode basically it's due to their inability to analyze and made research about that particular altcoin,

And unfortunately this happens very often, where these new investors enter when the market is at the top price, so when they enter, then the price of the new altcoin drops very drastically which makes them no longer have the opportunity to take profits, even to return their investment in these altcoins. While they are only consumed by the hype promoted by certain parties, they themselves do not do any research beforehand because they believe in various influencers and also the promises of the hype project. This is what often happens so that many new investors lose big in new coins from new shit coins projects.

[QueenVera]

Some traders or investors who get late when the price of that particular altcoin hasn't reach 100% are very lucky though fewer in number compared to the majority who bought at peak when the price is on reversal mode basically it's due to their inability to analyze and made research about that particular altcoin, for instance I was lucky to read the recent XRP court case a Sec which ripple won consequently triggering a massive pump on it price, I bought at the middle of the price rally and sold at high, actually the reason for that massive pump was because of the case won by XRP, there are other more examples we are to kept abreast with latest news on any altcoin to be traded.

Xrp just has a quick pump and dump but the price might continue dumping because I read about the SEC saying they'll appeal the case and this will also make investors to start selling xrp again but the selling mightn't be as high as it was the first time that they had a case against them. XRP is a very risky project to be in right now but it can benefit you if you get lucky.
Everyone investing in altcoins wants to get more profits as if they wanted security they'll be investing in Bitcoin but they know that they can't get the high profit that altcoins are giving to their investors that'll why they're investing here. You can have quick rich attitude and also make profits from altcoins because some altcoins are better to take profits and leave the coin.
If you keep holding the coin, it can make you lose a lot of money when it starts dumping. Altcoins aren't investment that you should be holding for a very long time because the SEC can sue any project at anytime and cause them to start dumping as XRP did before it won the lawsuit against the SEC. You should always take profits when you invest in altcoins.

[tengui]

Some traders or investors who get late when the price of that particular altcoin hasn't reach 100% are very lucky though fewer in number compared to the majority who bought at peak when the price is on reversal mode basically it's due to their inability to analyze and made research about that particular altcoin,

And unfortunately this happens very often, where these new investors enter when the market is at the top price, so when they enter, then the price of the new altcoin drops very drastically which makes them no longer have the opportunity to take profits, even to return their investment in these altcoins. While they are only consumed by the hype promoted by certain parties, they themselves do not do any research beforehand because they believe in various influencers and also the promises of the hype project. This is what often happens so that many new investors lose big in new coins from new shit coins projects.

this is because when the market is bullish crypto will be hype and this hype will invite many new investors to invest in crypto. unfortunately most of them do not study the characteristics and movements of the crypto market. as a result they invest at high prices without thinking about the risks they receive are also very high.

[bitkanu]

Some traders or investors who get late when the price of that particular altcoin hasn't reach 100% are very lucky though fewer in number compared to the majority who bought at peak when the price is on reversal mode basically it's due to their inability to analyze and made research about that particular altcoin,

And unfortunately this happens very often, where these new investors enter when the market is at the top price, so when they enter, then the price of the new altcoin drops very drastically which makes them no longer have the opportunity to take profits, even to return their investment in these altcoins. While they are only consumed by the hype promoted by certain parties, they themselves do not do any research beforehand because they believe in various influencers and also the promises of the hype project. This is what often happens so that many new investors lose big in new coins from new shit coins projects.

thats true, FOMO is one way of losing all our money in investment.
its just not worth it to follow the fomo for veterans that already figured out how things would turning out to be. after all these FOMO are just trying to get newer investors gets in to open up chance for the early birds to liquidate.

[JeffBrad12]

Some traders or investors who get late when the price of that particular altcoin hasn't reach 100% are very lucky though fewer in number compared to the majority who bought at peak when the price is on reversal mode basically it's due to their inability to analyze and made research about that particular altcoin,

And unfortunately this happens very often, where these new investors enter when the market is at the top price, so when they enter, then the price of the new altcoin drops very drastically which makes them no longer have the opportunity to take profits, even to return their investment in these altcoins. While they are only consumed by the hype promoted by certain parties, they themselves do not do any research beforehand because they believe in various influencers and also the promises of the hype project. This is what often happens so that many new investors lose big in new coins from new shit coins projects.

this is because when the market is bullish crypto will be hype and this hype will invite many new investors to invest in crypto. unfortunately most of them do not study the characteristics and movements of the crypto market. as a result they invest at high prices without thinking about the risks they receive are also very high.

this one is simply called FOMO, where everyone are quite literally in fear of missing out their most awaited chance of turning their life around and become rich.
meanwhile thats simply illusion and is not necessarily gonna make them rich.
thats the thing with these get rich quick investors they just gonna fall into the same trap their entire life because they just too greedy honestly.
if they could spare themselves from being too greedy maybe they could have better investments return but nah they'd just prefer try until they run out of money.

[bbcolex]

people with a quick-rich attitude often end up making mistakes when dealing with altcoins. The volatile nature of the cryptocurrency market requires careful research and a long-term investment mindset to navigate successfully.

[VFalcon]

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[Pamadar]

Some traders or investors who get late when the price of that particular altcoin hasn't reach 100% are very lucky though fewer in number compared to the majority who bought at peak when the price is on reversal mode basically it's due to their inability to analyze and made research about that particular altcoin,

And unfortunately this happens very often, where these new investors enter when the market is at the top price, so when they enter, then the price of the new altcoin drops very drastically which makes them no longer have the opportunity to take profits, even to return their investment in these altcoins. While they are only consumed by the hype promoted by certain parties, they themselves do not do any research beforehand because they believe in various influencers and also the promises of the hype project. This is what often happens so that many new investors lose big in new coins from new shit coins projects.

this is because when the market is bullish crypto will be hype and this hype will invite many new investors to invest in crypto. unfortunately most of them do not study the characteristics and movements of the crypto market. as a result they invest at high prices without thinking about the risks they receive are also very high.

this one is simply called FOMO, where everyone are quite literally in fear of missing out their most awaited chance of turning their life around and become rich.
meanwhile thats simply illusion and is not necessarily gonna make them rich.
thats the thing with these get rich quick investors they just gonna fall into the same trap their entire life because they just too greedy honestly.
if they could spare themselves from being too greedy maybe they could have better investments return but nah they'd just prefer try until they run out of money.

The chance of losing is far bigger than making decent profits when you are following that kind of movements,

Same deal with Fuds, where investors are fearing with possible bigger losses than to wait for the next market run, the mindset
of making quick profits from this kind of investment will always lead you to lose your investment, without doing your proper
research most of the time, you will lose as the decision is not appropriate with how the market is moving.

[jostorres]

And unfortunately this happens very often, where these new investors enter when the market is at the top price, so when they enter, then the price of the new altcoin drops very drastically which makes them no longer have the opportunity to take profits, even to return their investment in these altcoins. While they are only consumed by the hype promoted by certain parties, they themselves do not do any research beforehand because they believe in various influencers and also the promises of the hype project. This is what often happens so that many new investors lose big in new coins from new shit coins projects.

this is because when the market is bullish crypto will be hype and this hype will invite many new investors to invest in crypto. unfortunately most of them do not study the characteristics and movements of the crypto market. as a result they invest at high prices without thinking about the risks they receive are also very high.

this one is simply called FOMO, where everyone are quite literally in fear of missing out their most awaited chance of turning their life around and become rich.
meanwhile thats simply illusion and is not necessarily gonna make them rich.
thats the thing with these get rich quick investors they just gonna fall into the same trap their entire life because they just too greedy honestly.
if they could spare themselves from being too greedy maybe they could have better investments return but nah they'd just prefer try until they run out of money.

Maybe it would not make them rich, but we can agree that it can make them "richer", because if you miss the bull run then you are going to miss making a profit chance as well. Sure getting from 1k to 3k is not rich, it's not like you can do whatever you want, but it is "richer", and that's what matters. So when someone does FOMO, that means they are fearing a chance to be richer not rich.

I have that as well, I end up investing all the time, during bull and bear all the same, I keep investing more and more because I have FOMO, I want to be richer, doesn't mean that I can be rich and wealthy get a castle and butlers, that's not my aim, my aim is to have more money tomorrow when I wake up then today when I go to bed, that's it.

[xSkylarx]

Not only on altcoins but all aspects of investment, just to take an example. HYIP or Ponzi people want to earn quick without doing anything; we just got blind when we saw the possible profit of it without knowing the risk of it. Even though it is just common sense that this will not last in the long run, because we just wanted that big profit easily, we got blind and did not know that you'd lose your money.

[Sebas.tian]

I agree with you OP, think twice before investing in any particular altcoins will really help you to go a long way to be a successful investors that will remain in profits making without experience any losses from his or her altcoins investment. Since I started exercise patience to watch the price of altcoins very well before I buy and hold, it has been helping me to grow financially and materially in my investment because it is difficult for me to invest in a coins that will not bring good results at the end of the investment. Now that the price of altcoins is still waving in the market, it will be a good thing to invest in a potential altcoins that will put smile on your face when the price increase higher soon.

[QueenVera]

I agree with you OP, think twice before investing in any particular altcoins will really help you to go a long way to be a successful investors that will remain in profits making without experience any losses from his or her altcoins investment. Since I started exercise patience to watch the price of altcoins very well before I buy and hold, it has been helping me to grow financially and materially in my investment because it is difficult for me to invest in a coins that will not bring good results at the end of the investment. Now that the price of altcoins is still waving in the market, it will be a good thing to invest in a potential altcoins that will put smile on your face when the price increase higher soon.

There are many altcoins in the cryptocurency market that can put a smile on your face, For so long Altcoins has been putting smiles on people faces as it has been giving people profits and also altcoins has been making people go broke. Everything depends on how lucky you're with your investment choices because the same altcoins that put a smile on your face can make another person to cry.
Example, Luna and Solana made many people millions in 2021 and also took that million from others in 2022 when it crashed and Solana dumped due to the impact from the FTX collapse. Before investing into any altcoins, do your research properly because some altcoins are just a death trap waiting for who is dumb enough to invest into to, don't invest because if hype do some research.
You can only know that an altcoins is a bad investment when you do your research, you look at the teams behind the project, the community to know if it's full of just moon boys, people that are paid to shill the project in their telegram group and on social media. You also look at the road map and tokenomics of the project, if something doesn't look right then the project is a scam.

[abel1337]

I agree with you OP, think twice before investing in any particular altcoins will really help you to go a long way to be a successful investors that will remain in profits making without experience any losses from his or her altcoins investment. Since I started exercise patience to watch the price of altcoins very well before I buy and hold, it has been helping me to grow financially and materially in my investment because it is difficult for me to invest in a coins that will not bring good results at the end of the investment. Now that the price of altcoins is still waving in the market, it will be a good thing to invest in a potential altcoins that will put smile on your face when the price increase higher soon.

There are many altcoins in the cryptocurency market that can put a smile on your face, For so long Altcoins has been putting smiles on people faces as it has been giving people profits and also altcoins has been making people go broke. Everything depends on how lucky you're with your investment choices because the same altcoins that put a smile on your face can make another person to cry.
Example, Luna and Solana made many people millions in 2021 and also took that million from others in 2022 when it crashed and Solana dumped due to the impact from the FTX collapse. Before investing into any altcoins, do your research properly because some altcoins are just a death trap waiting for who is dumb enough to invest into to, don't invest because if hype do some research.
You can only know that an altcoins is a bad investment when you do your research, you look at the teams behind the project, the community to know if it's full of just moon boys, people that are paid to shill the project in their telegram group and on social media. You also look at the road map and tokenomics of the project, if something doesn't look right then the project is a scam.

It's simply how the market works. Negative news can provide downtrend charts and positive news can result to an uptrend. With the things that happened on LUNA and FTX are major signs of bear market. You might think it's a death trap but majority of the altcoins during the bear market really falls heavily as we see from the recent altcoins on the bear market. Somehow we can predict where do an altcoin value can go depending on the season and no matter how good that project are. One factor that made altcoin good is the possible large profit you can get from it when the bull season arrives. There are so many altcoins that has a potential in the market, we just need to find and acquire those by doing proper research.

[Pamadar]

I agree with you OP, think twice before investing in any particular altcoins will really help you to go a long way to be a successful investors that will remain in profits making without experience any losses from his or her altcoins investment. Since I started exercise patience to watch the price of altcoins very well before I buy and hold, it has been helping me to grow financially and materially in my investment because it is difficult for me to invest in a coins that will not bring good results at the end of the investment. Now that the price of altcoins is still waving in the market, it will be a good thing to invest in a potential altcoins that will put smile on your face when the price increase higher soon.

There are many altcoins in the cryptocurency market that can put a smile on your face, For so long Altcoins has been putting smiles on people faces as it has been giving people profits and also altcoins has been making people go broke. Everything depends on how lucky you're with your investment choices because the same altcoins that put a smile on your face can make another person to cry.
Example, Luna and Solana made many people millions in 2021 and also took that million from others in 2022 when it crashed and Solana dumped due to the impact from the FTX collapse. Before investing into any altcoins, do your research properly because some altcoins are just a death trap waiting for who is dumb enough to invest into to, don't invest because if hype do some research.
You can only know that an altcoins is a bad investment when you do your research, you look at the teams behind the project, the community to know if it's full of just moon boys, people that are paid to shill the project in their telegram group and on social media. You also look at the road map and tokenomics of the project, if something doesn't look right then the project is a scam.

It's simply how the market works. Negative news can provide downtrend charts and positive news can result to an uptrend. With the things that happened on LUNA and FTX are major signs of bear market. You might think it's a death trap but majority of the altcoins during the bear market really falls heavily as we see from the recent altcoins on the bear market. Somehow we can predict where do an altcoin value can go depending on the season and no matter how good that project are. One factor that made altcoin good is the possible large profit you can get from it when the bull season arrives. There are so many altcoins that has a potential in the market, we just need to find and acquire those by doing proper research.

Whatever the news brings to the market, there's always a corresponding impact,

And you are right about Luna and FTX. There are traders and investors who are holding for a while who being
move by that crashedand even they are not just focusing on Luna and FTX,

the fear that it will shake everything dominated and made them to sell out with a huge loss,
like you said, it's timing and good anticipation, without that, you might experience more losses
inside this market.

[JeffBrad12]

people with a quick-rich attitude often end up making mistakes when dealing with altcoins. The volatile nature of the cryptocurrency market requires careful research and a long-term investment mindset to navigate successfully.

those research and long term investment mindset become somewhat useless when people are so hellbent on investing in something that so volatile it disregards common sense.
the people with quick rich attitudes are usually know that the thing they invested in are generally shit, but they still go ahead and invest in it because they wanna become rich quick.
therefore even if they did some research, it will all gone to drain because they just don't really make decision based on the research that they did.
so basically these aren't even relevant when it comes to these people with get rich qucik attitudes.

[SUPERSAIAN]

Yes, that's what I did when I was a novice. When an altcoin started to rise a lot, I had the psychology of not being able to make a profit. I remember a little about what Safemoon did, and it's pretty doubtful that it will ever happen again. At times, some tokens get pretty much inflated by whales. Like I said, they may not always do this. Too much greed in altcoins causes loss of money, this has always been so.

[Pamadar]

Yes, that's what I did when I was a novice. When an altcoin started to rise a lot, I had the psychology of not being able to make a profit. I remember a little about what Safemoon did, and it's pretty doubtful that it will ever happen again. At times, some tokens get pretty much inflated by whales. Like I said, they may not always do this. Too much greed in altcoins causes loss of money, this has always been so.

Following that movement will also let to fall into a trap, thinking that you will be making a decent amount of profits without knowing that the whales are just playing around.

Always have that mindset to do your research and balance the possibility of making money over losing it
with each trading or investment participation that you are doing, make sure that you have that time to
continue learning and not being attached to a quick money process that mostly being misunderstood.

[romero121]

There are altcoins that provide better profit against bitcoin. However the risk is high as bitcoin hold the track record whereas altcoins were of expectation and nothing assured. Some get lucky to invest on altcoins that give quick return on the investment and makes people rich. When we're into altcoins we should be ready to make quick decisions, because the fluctuations take place in large scale and in no time.

Good is to go with the leading altcoins or with the little priced altcoins that are much into discussion and have good growth expectancy. While trying with new coins it is good to spend what one can afford to loss as like gambling.

[doomloop]

Yes, that's what I did when I was a novice. When an altcoin started to rise a lot, I had the psychology of not being able to make a profit. I remember a little about what Safemoon did, and it's pretty doubtful that it will ever happen again. At times, some tokens get pretty much inflated by whales. Like I said, they may not always do this. Too much greed in altcoins causes loss of money, this has always been so.

Following that movement will also let to fall into a trap, thinking that you will be making a decent amount of profits without knowing that the whales are just playing around.

Always have that mindset to do your research and balance the possibility of making money over losing it
with each trading or investment participation that you are doing, make sure that you have that time to
continue learning and not being attached to a quick money process that mostly being misunderstood.

Greed makes us lose money, it's as simple as that. We can always get some profit and exit the market even if the whales are playing around, but only if we don't get greedy and start thinking that we will get more profit and exit at the right time before the price starts to crash again, but that doesn't happen because it is not possible for anyone to perfectly time the market and on top of that, how would we know if the whales have already got what they wanted and now they will dump the market?

So it is always better to simply sell and exit when you are already in profit if you are trading altcoins, because if you didn't exit at the right time and it starts crashing, you won't be able to get any profit and you might even end up losing some of your invested capital if you don't sell quickly.