People with quick rich attitude always mess up with alt coins

[Tipstar]

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.

By human nature people are attracted to high earnings potentials and are ready to risk their money for it. Some even lose more than they are capable of. The reality are hard learned by losing and there's no learning in altcoins. Missing out is another thing people regret about, so the best way is to take the middle path and invest small amount in multiple projects you believe could moon x10 or x100 in upcoming days. It's surely risky but there are some strategies to be on the safer side while trying not to miss on the hype though.

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[Victorik]

Besides crypto currency, people with a get rich quick mentality always end up messing up. They can do anything to get the money, not minding how they get it.

In crypto currency, people with a get rich quick mentality, are easy prey for scam.

[jossiel]

Besides crypto currency, people with a get rich quick mentality always end up messing up. They can do anything to get the money, not minding how they get it.

In crypto currency, people with a get rich quick mentality, are easy prey for scam.

Everyone that has that mentality are potential victims of these scams.

That's why they're being taken advantage and true that becomes a prey from these scammers. If they don't change for the better, the experience that they'll have from having this mindset will have them learned the hardest possible way.

So, you gotta get into the natural process of how it's like to earn not just from altcoins but also in real life and side hustles. It's a process that one has to be taken without rushing.

[uneng]

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.

By human nature people are attracted to high earnings potentials and are ready to risk their money for it. Some even lose more than they are capable of. The reality are hard learned by losing and there's no learning in altcoins. Missing out is another thing people regret about, so the best way is to take the middle path and invest small amount in multiple projects you believe could moon x10 or x100 in upcoming days. It's surely risky but there are some strategies to be on the safer side while trying not to miss on the hype though.

That is actually a primarly mistake from newbies and laymen to invest in such altcoins just because they are pumping 100% in short periods of time. However, I think everyone has already been on that position before, maybe not exactly inside crypto market, but on another situations of their lives. The important here is to learn with our mistakes and to understand the mechanics of the market to prevent repeating them again later.

Greedy investors may find it difficult, but if they really aim positive returns on long term, they don't have any other choice.

[bussybuddy]

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.

A quick and thoughtless working attitude towards any area of ​​life can lead to failure, not just cryptocurrencies.

In life, building dependable practice often requires patience, dedication, and a long process. Learning, honing skills and experience, networking, and working hard are all important ingredients for certain success. The same goes for investing in cryptocurrencies, both of which require an understanding of the job security of the market and growth potential, weighing risks, and wise financial management.

Accumulating improvement and success in life is not a random act of risk, but the result of a long process that requires careful preparation and proper planning.

[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.

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.

That contentment with the amount that you could earn will lessen the risk. If you sell your coin during the time that you are already in profits, then you will be able to enjoy the benefits.

But if you keep trying to make more the chance that you will lose everything back is possible, whales
are good at playing with traders' emotions. They create artificial movement both with pump and dump
to make more money, better to have that contentment attitude to avoid losing your money.

[JeffBrad12]

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.

A quick and thoughtless working attitude towards any area of ​​life can lead to failure, not just cryptocurrencies.

In life, building dependable practice often requires patience, dedication, and a long process. Learning, honing skills and experience, networking, and working hard are all important ingredients for certain success. The same goes for investing in cryptocurrencies, both of which require an understanding of the job security of the market and growth potential, weighing risks, and wise financial management.

Accumulating improvement and success in life is not a random act of risk, but the result of a long process that requires careful preparation and proper planning.

this one is true, rarely i see some half assed products would be successful in the long term, let alone gaining massive growth within decades into the future.
this is why with altcoins thats quite volatile, even though we gonna get news about some people quite literally turning their measly money into some high amount of money by just investing in altcoins.
its honestly only fraction of what happened to the whole community that revolve around investing in that coin in general, only 1 out of 10,000 gonna be getting all the rewards.
meanwhile the late comer will definitely become food for these early birds.

[lienfaye]

That contentment with the amount that you could earn will lessen the risk. If you sell your coin during the time that you are already in profits, then you will be able to enjoy the benefits.

But if you keep trying to make more the chance that you will lose everything back is possible, whales
are good at playing with traders' emotions. They create artificial movement both with pump and dump
to make more money, better to have that contentment attitude to avoid losing your money.

That's true. Selling if you're in profit already is a wise thing to do that many investors failed to follow due to their expectation that the price might skyrocket and they don't want to miss the chance. This might be possible for meme/shitcoins to happen but it's too risky since these kind of coins don't have utility and just relying on hype.

But still, many investors are taking risk to invest hoping to gain huge in a short period. Well, it's their choice to invest in altcoins that are not established. But if you don't want to lose your money easily, take time to know what coins are worth it to invest in. Not because of hype and the possibility to soar high but because of its utility that can solve real problem. That kind of coin is a gem that can't be delisted in exchanges.

[kamvreto]

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.

By human nature people are attracted to high earnings potentials and are ready to risk their money for it. Some even lose more than they are capable of. The reality are hard learned by losing and there's no learning in altcoins. Missing out is another thing people regret about, so the best way is to take the middle path and invest small amount in multiple projects you believe could moon x10 or x100 in upcoming days. It's surely risky but there are some strategies to be on the safer side while trying not to miss on the hype though.

Better to miss the hype than get in and force yourself to follow it. it is very risky to follow an Altcoin that has high hype, while we still want to enter. There are lots of altcoins to choose from that can earn x10 or x100, but it depends on how the project works. It's hard to find projects that will actually be developed, most of the projects that appear are only controlled by scammers. invest some of the money you can afford to lose, who enters first will get profits and losses, no one can predict exactly.

[albon]

Besides crypto currency, people with a get rich quick mentality always end up messing up. They can do anything to get the money, not minding how they get it.

In crypto currency, people with a get rich quick mentality, are easy prey for scam.

I agree with you, the mentality of getting rich quickly, excessive greed, and lack of knowledge and sufficient experience and research is what makes most investors, especially beginners, from losing their capital either in meme coins, scam rugpull coins, or in new altcoins that do not have an expert team, and the idea of ​​its project is imitated and not unique. and the end for these investors to mess around or get lost and retire from investing in altcoins. There are many opportunities and hidden gems in altcoins. Still, it requires experience in technical and fundamental analysis, patience, thinking, studying the currency project, and seeing reviews and recommendations from experts without rushing and doing anything reckless.

[Pamadar]

That contentment with the amount that you could earn will lessen the risk. If you sell your coin during the time that you are already in profits, then you will be able to enjoy the benefits.

But if you keep trying to make more the chance that you will lose everything back is possible, whales
are good at playing with traders' emotions. They create artificial movement both with pump and dump
to make more money, better to have that contentment attitude to avoid losing your money.

That's true. Selling if you're in profit already is a wise thing to do that many investors failed to follow due to their expectation that the price might skyrocket and they don't want to miss the chance. This might be possible for meme/shitcoins to happen but it's too risky since these kind of coins don't have utility and just relying on hype.

But still, many investors are taking risk to invest hoping to gain huge in a short period. Well, it's their choice to invest in altcoins that are not established. But if you don't want to lose your money easily, take time to know what coins are worth it to invest in. Not because of hype and the possibility to soar high but because of its utility that can solve real problem. That kind of coin is a gem that can't be delisted in exchanges.

And no one can push them to whatever they believe. There's a chance that they might hit that luck and the investment
that they are involved will be sky high and give them huge profits.

It's a choice and a risk to every traders, but most of the time so-called traders who thinks that they can
easily make money inside crypto will mostly lose a lot, greed or other factors triggers that mistake and
lead them to regret after.

[Victorik]

Besides crypto currency, people with a get rich quick mentality always end up messing up. They can do anything to get the money, not minding how they get it.

In crypto currency, people with a get rich quick mentality, are easy prey for scam.

I agree with you, the mentality of getting rich quickly, excessive greed, and lack of knowledge and sufficient experience and research is what makes most investors, especially beginners, from losing their capital either in meme coins, scam rugpull coins, or in new altcoins that do not have an expert team, and the idea of ​​its project is imitated and not unique. and the end for these investors to mess around or get lost and retire from investing in altcoins. There are many opportunities and hidden gems in altcoins. Still, it requires experience in technical and fundamental analysis, patience, thinking, studying the currency project, and seeing reviews and recommendations from experts without rushing and doing anything reckless.

Yea. Imagine a project promising a APY of over 600,000%; invest 1000$ and get 600,000$ and yet people will be jumping into it without caring to know where the Dev intends to get these money from. And in most cases, they always end up defrauding them. This is just a singular case of a get rich quick scheme. There are so many out there.

[Furious 7]

Besides crypto currency, people with a get rich quick mentality always end up messing up. They can do anything to get the money, not minding how they get it.

In crypto currency, people with a get rich quick mentality, are easy prey for scam.

I agree with you, the mentality of getting rich quickly, excessive greed, and lack of knowledge and sufficient experience and research is what makes most investors, especially beginners, from losing their capital either in meme coins, scam rugpull coins, or in new altcoins that do not have an expert team, and the idea of ​​its project is imitated and not unique. and the end for these investors to mess around or get lost and retire from investing in altcoins. There are many opportunities and hidden gems in altcoins. Still, it requires experience in technical and fundamental analysis, patience, thinking, studying the currency project, and seeing reviews and recommendations from experts without rushing and doing anything reckless.

This happens mostly for new people and for people who follow only a few videos or tweets of the influencer.
They don't understand the system which is actually a trap because they are only focused on instant profits under the pretext of DYOR which makes it even more complicated for new people who in the end when they experience losses then will blame the whole by saying that crypto is a scam but if you look closely things like this happen because of their own actions.
It is difficult to realize people like this because they only do naive nature that only wants something instant but does not have a high desire to learn something properly and does not want to learn from previous mistakes.

[TheUltraElite]

Besides crypto currency, people with a get rich quick mentality always end up messing up. They can do anything to get the money, not minding how they get it.

In crypto currency, people with a get rich quick mentality, are easy prey for scam.

It's natural to have that mentality and humans of the crypto space are no exception. There will be some scammers always trying to take advantage of this situation and prepare their own traps which have come from the days of HYIP/MLM to memecoins. This problem needs to be identified by every budding trader and taken care of so they don't lose money in them.

I would emphasize that it is not all who are having this mentality but those who are having a limited budget and have a get rich quick thought process not willing to settle for a fractional amount of Bitcoin usually end up with altcoins.

[Victorik]

Besides crypto currency, people with a get rich quick mentality always end up messing up. They can do anything to get the money, not minding how they get it.

In crypto currency, people with a get rich quick mentality, are easy prey for scam.

It's natural to have that mentality and humans of the crypto space are no exception. There will be some scammers always trying to take advantage of this situation and prepare their own traps which have come from the days of HYIP/MLM to memecoins. This problem needs to be identified by every budding trader and taken care of so they don't lose money in them.

I would emphasize that it is not all who are having this mentality but those who are having a limited budget and have a get rich quick thought process not willing to settle for a fractional amount of Bitcoin usually end up with altcoins.

It is normal to have dreams and expectations on life. Everyone desires to be wealthy and be financially independent, but these mustn't be achieved by trying to cut corners or act too smart.
Getting rich quick mentality might make one take unnecessary risk when it comes to investing.

[nur1labs]

Not at all people rich messed up with alt coin cause altcoin has value too. this become alternative on main bitcoin or as just for cheap transaction only.

[shinratensei_]

Besides crypto currency, people with a get rich quick mentality always end up messing up. They can do anything to get the money, not minding how they get it.

In crypto currency, people with a get rich quick mentality, are easy prey for scam.

Everyone that has that mentality are potential victims of these scams.

That's why they're being taken advantage and true that becomes a prey from these scammers. If they don't change for the better, the experience that they'll have from having this mindset will have them learned the hardest possible way.

So, you gotta get into the natural process of how it's like to earn not just from altcoins but also in real life and side hustles. It's a process that one has to be taken without rushing.

some are conscious with the fact that there are so many projects are ready waiting to steal the money, usually they any greedy people with brain will definitely not invest in those
some random coins but instead invest in coin that has been listed in the market as far as I know thinking that in the upcoming bullrun it will double their initial investment which does make sense but sometimes some people are foolish enough to invest in something like meme coin with no real utility, no fundamental whatsoever and they expect more than 1000% increase which is silly. if you think about it.
after all majority of investment out there definitely not gonna give that much return but considering the fact that these meme coin and shitcoin investment are actually just some zero sum game then its possible that only if you are very lucky, otherwise be ready to lose money.

[Xal0lex]

it's not wrong if someone wants to get rich quick, but this needs to be understood. We don't need to rush into making decisions. things like this make the risk in our investments increase.
Also, don't get attracted to coins that have fast growth, however, in-depth research and forward analysis is an important point. we can invest in a coin whose price has increased by 100%, but we don't know why the price of the coin has increased, and what will happen in the future. people sometimes think it's going to happen again, and think they're going to be rich in no time, and end up rushing into investing.
Wanting to get rich quick is everyone's wish, however, I think this needs to be based on in-depth knowledge, analysis and research.

The psychology of many investors, unfortunately, is organized in a similar way. They consider it futile to buy a coin that no one is talking about. At the same time, they are happy to immediately buy the coin that everyone in the crypto community is talking about. Only problem is, when everyone and everywhere is talking about a coin, it's a sure signal to sell your coins rather than buy them. A truly great investment is to buy when there is no hype yet, but without specialized knowledge and insider knowledge it is extremely difficult to get such signals.

[khiholangkang]

it's not wrong if someone wants to get rich quick, but this needs to be understood. We don't need to rush into making decisions. things like this make the risk in our investments increase.
Also, don't get attracted to coins that have fast growth, however, in-depth research and forward analysis is an important point. we can invest in a coin whose price has increased by 100%, but we don't know why the price of the coin has increased, and what will happen in the future. people sometimes think it's going to happen again, and think they're going to be rich in no time, and end up rushing into investing.
Wanting to get rich quick is everyone's wish, however, I think this needs to be based on in-depth knowledge, analysis and research.

The psychology of many investors, unfortunately, is organized in a similar way. They consider it futile to buy a coin that no one is talking about. At the same time, they are happy to immediately buy the coin that everyone in the crypto community is talking about. Only problem is, when everyone and everywhere is talking about a coin, it's a sure signal to sell your coins rather than buy them. A truly great investment is to buy when there is no hype yet, but without specialized knowledge and insider knowledge it is extremely difficult to get such signals.

Like that is the mechanism of traits that exist in investors, they are more interested in what appears on their main veranda and see people experience a fairly high increase in assets, such as the dream for the continuation of the coin breaks egg The situation holds longer or sells in a state of loss, a difficult choice if in that situation.
Buying a coin without hype will be very doubtful, even though we have a strong fundamental analysis, I analyze and calculate the potential then buy the coin in a state not hype whose movements are very slow, instead it is increasingly doubtful that it will get a decent profit despite having a good fundamental from in terms of the project.
And indeed it is very difficult to get information to be a hype or there will be a hype manipulation event, because the increase that is not thought is the increase that is manipulated.

[kamvreto]

it's not wrong if someone wants to get rich quick, but this needs to be understood. We don't need to rush into making decisions. things like this make the risk in our investments increase.
Also, don't get attracted to coins that have fast growth, however, in-depth research and forward analysis is an important point. we can invest in a coin whose price has increased by 100%, but we don't know why the price of the coin has increased, and what will happen in the future. people sometimes think it's going to happen again, and think they're going to be rich in no time, and end up rushing into investing.
Wanting to get rich quick is everyone's wish, however, I think this needs to be based on in-depth knowledge, analysis and research.

The psychology of many investors, unfortunately, is organized in a similar way. They consider it futile to buy a coin that no one is talking about. At the same time, they are happy to immediately buy the coin that everyone in the crypto community is talking about. Only problem is, when everyone and everywhere is talking about a coin, it's a sure signal to sell your coins rather than buy them. A truly great investment is to buy when there is no hype yet, but without specialized knowledge and insider knowledge it is extremely difficult to get such signals.

Most people are just too FOMO because of the hype of some coins that a bunch of people keep talking about. In fact, they are willing to enter at a high price in the hope that it will hit another high, but that is the end and time to get out and enjoy the profits. New people starting in because of the Hype want to try to make quick profits. Unspoken or unspoken coins are the best opportunity to enter, but it is quite difficult to find them, but not impossible. Altcoins that are already popular and are priced quite cheap can be an option. Like the DOGE hype that hasn't appeared yet, it could be that when Elon tweets about DOGE it will become hype and prices will continue to rise. It takes good research and observation to shoot one good altcoin that then gets hype.