Simple advice, don't get carried away by people success stories.

[Kelvinid]

It is simple, not all success stories are true, especially if that person is not known. Successful people don't show their stories unless someone gives them an interview and post publicly like on social media platform but some prefer to stay anonymous. While those people - like we say these influencers use their stories to gain attention, I don't think they deserve appreciation and trust.

Yes, we should be careful about who we trust and who we follow. In the world today, many stories can be faked and edited videos to show. Research is only the best thing to do, nothing else.

[Hewlet]

The issue with people painting a picture of their success in the crypto journey is that most of them only tell the story on the part that gave them success but wouldn't want to share their failures or the process that yielded this success.

Success is not just a one day journey but it's actually an accumulation of decisions and actions that yielded a certain result at a certain time that conforms to a quality tagged "success".

While you get motivated and excited about the success of another, try to find out the stories behind the success and let it guide you in making informed decision that will see you to achieving a similar level of success

[Kelward]

my advice to everyone out there is that we should all be cautious of what we do from the things we hear because sometimes what profits the next man can actually turn out to be a disappointment to you.

We can take the celebrities as an example in this case, many of us are seing them in proxy and wish to be like them, which I don't see anything bad in having their kind of acheivements and success, but these same people couldn't be the same we can accept to go by their kind of lifestyle in real life, we may not like so many things we may later discover about them the more we are getting closer to them, we should rather pick up the good and leave the rest with them.

People get carried away when they see their favorite celebrities advertising a project, they'll eventually dive in and invest their hard earned money without carrying out their own personal research first to understand more about the product. I can only take advice from a celebrity if they're specifically talking about their area of expertise or talents, otherwise I'll have to research every advise or advert that they do or give, especially were it involves money, because they're most likely paid to do a job.

When it comes to family and friends, if they're giving me advice on areas that they're not specialized in, I'll discreetly carry my own research before engaging my time or money.  Because most times they also heard the information from unverified sources, and they share as they're told.

[Pandu Geddon]

my advice to everyone out there is that we should all be cautious of what we do from the things we hear because sometimes what profits the next man can actually turn out to be a disappointment to you.

and more importantly, we must be aware and responsible for what we do. What you say is very relatable to the conditions of several people I know. they even come to complain and regret when they do things they say were unintentional.
we must be more accustomed to always placing responsibility at the forefront. we know cryptocurrency is very risky. When we choose to invest, we must be aware and more responsible for what we do ourselves. no matter if it's advice or encouragement from other people.

[Crypt0Gore]

This is why I hate bringing people into altcoin investment, even if its a very good one, for example celestia or arbitrum, I still feel that its not safe as anything could happen, the only thing I can introduce to people is Bitcoin, I have full confidence with Bitcoin but not any altcoins no matter how strong their fundamental and utilities can be.

About the success stories, me I love reading them, if they are genuine, I always cling unto any sign of hope and believe me, success stories is far more encouraging for me in my crypto journey, you don't have to do the same thing that they do, just keep your hope and dreams alive.

Success stories are encouraging, some people are so brain dead that they believe its impossible to make in big in life, I used to have people like these around me and keep my distance to safe my own mindset, I find strength in such stories but I don't copy them, I just drain the strength from the stories and add it up in my boiling blood.

[Mpamaegbu]

...we all should be careful on how to react when we hear people talk about success stories that are wildly exaggerated.

Even if the success stories aren't wildly exaggerated, it's still not a good thing to be carried away by them. Envy no man to want to be like them. It's vanity. Don't try to make your sowing season another man's harvest season. Time and season is what we all should be watching out for. Everyone is on their own track and no one should jump tracks. Follow your passion diligently with focus and gradually you will get to that finishing line. Yes, it can grind slowly and sometimes will look discouraging but definitely it will pay off.

Crypto is a money spinner but not all crypto investments will grant you success. I'm sure newbies reading my comment now won't give it a second reading. They will think it's a waste of their screen time until they learn what I'm saying from experience. It doesn't always have to be by your own bad experience to learn a thing. You can also learn from the experiences of others and add them to your knowledge. It's not that hard.

Don't buy a hyped coin or token. Buy one with utility. Don't key into cock and bull stories. If it sounds too good to be true, run away from it. It's most likely going to end as a scam.

[Jaycoinz]

my advice to everyone out there is that we should all be cautious of what we do from the things we hear because sometimes what profits the next man can actually turn out to be a disappointment to you.

I have learnt to stop believing completely in all the stories from people, especially when it is a personal story told, because often times the details are exaggerated to gather more praise and admiration. If you get carried away by the story of other people you would be making a big mistake because you will be distracted from chasing your own success and maybe start rethinking that in cases where you are not motivated by the lies in their story, you will feel like you are not doing enough.

Sometimes many people lose their way just because they want to replicate other people success. Many people don't know that's some of these stories are just hype and don't really tell the whole struggle that's involved or problem encounter before they could achieve such height and you hearing only the part that's sweet like honey, you then decide to replicate the good part to yourself and boom you fall like an elephant with no balance.

[DeathAngel]

Reading other people's successful investment stories can be inspiring & informative but it's important not to expect to replicate them exactly. Every investment journey is unique influenced by various factors such as market conditions, individual risk tolerance & financial goals. What worked for someone else might not work for you due to different circumstances & resources. It’s more valuable to learn from these stories, gain insights & adapt them to your own investment strategy.

[ZAINmalik75]

my advice to everyone out there is that we should all be cautious of what we do from the things we hear because sometimes what profits the next man can actually turn out to be a disappointment to you.

All other advice too are welcome from senior here to help guide those enthusiastic newbie that are willing to do anything to earn profits or be as successful as the story they hear.

I liked your way of presenting this idea, in simple words we can call this type of behavior of a man as becoming a victim of FOMO, or FUD. Most of the time when we hear the success stories of others the first thought that comes to our mind is why would they tell us the secrets or ideas they have in their minds to make money?

But in my point of view, I think if a person is telling you about his success story in a way that you think he is trying to lure you into it. Then understand that he might be scamming you. But if I as a BTC enthusiast if try to teach someone about it and try to tell him about its potential then I will also try to share my success stories with them to motivate them.
But it does not present that I am trying to scam them instead trying to make them some money.

[Lucius]

In the third world country today and I would like to believe not only there, they seem to be so much wave all about the cryptocurrency market or industry whatever suit the explanation, but the thing is that many people actually get intrigued by the success stories of some maybe influencers or people that aren't actually expert on the field but maybe experience one or two lucky session especially when we look at it from the trading aspect.
~snip~

Nothing happens by chance, and third world countries are definitely a target for all those scammers who are looking for easy targets who can be sold a nicely packaged story about how investing in some "crypto projects" will make them rich overnight. These people have no problem stealing the last penny from someone, and they also consider that people who are already poor have no possibility to take any legal action once they realize that they have been cheated.

Therefore, it is very important to warn young people in time not to fall under the influence of such stories, and that social networks are not at all harmless, but are full of scammers who are looking for their victims in every possible way.

[qwertyup23]

People are easily influenced when the one doing the promoting is famous and well known. They’re going to be interested when they see their no.1 celebrity promoting a project.
Most times, these success stories can be formulated and even exaggerated by scammers looking to attract people to part with a little bit of money and have a success story of your own. And sadly, people fall into the trap in chasing their own big win and success story.
It all falls down to doing some serious research whenever you’re wanting to part with money for a new project or investment.

The problem with these stories is that they tend to be very believable especially if a celebrity is the one endorsing such.

Stories and life experiences, in general, are actually inspiring to know when they came from a valuable source. When I say "valuable", it means that the story is truly genuine as it teaches lots of life teachings that can be applied for everyone. The problem with these stories/advice is that they came from people who are verified, but what they share are just made-up or not real.

For example, a celebrity may claim that he/she invested on a specific platform and that made him/her lots of money. But in the end, it is all part of an advertising scheme in order to attract more users to that platform in which he/she mentioned.

At the end of the day, it is up to our diligent efforts to know which advice/stories to believe. No matter how convincing an advice would be, always stick with your gut and personal research for a secured decision making.

[Yamifoud]

Most of the newbies fall into scam projects because of their lack of knowledge and greediness. Not a surprise in their case but they should have changed how it looks besides there are a lot of ways to do that.

 - We should not believe someone who shows their wealth/money and encourages us to invest in their products
 - we should not rush instead, must think several times and do research
 - we have to that success doesn't come easily so stop believing sweet promises and instant money, it is a big lie

Nobody gets scammed if nobody lets it happen and these scammers stop if we don't welcome them.

[PrivacyG]

Most of the newbies fall into scam projects because of their lack of knowledge and greediness.
()
Nobody gets scammed if nobody lets it happen and these scammers stop if we don't welcome them.

There will always be victims because many people need to learn things the hard way.  Most of us had to do it at one point in our lives.  You are a fool until you finally learn your lesson.  Then you mature and try to prevent others from falling for the same thing you fell for, but they are often hard to stop.  These people who fall victims are like boulders rolling down a hill, you either do something to make sure it never starts rolling or they become unstoppable wreckage.

Life it is.  I hate scammers and scams and I do hate this has to be reality but it is what it is.  Some people need to learn lessons the tough way sadly.

[lalabotax]

The problem that occurs very often is like this, they are carried away by other people's success stories here. They think that this success story can be achieved instantly. Well, this is incorrect thinking. If it weren't for being 100% lucky, it would be very difficult to experience significant success in the near future. because, everything needs a process where this process is certainly not instant and will not be easy to do. just like in this crypto space, it is not easy to get success. Maybe we see that someone can easily be successful and we hope for that, but unfortunately sometimes we don't want to face failure and high risks, and we are not strong enough for that. It shows that we are not ready to be successful. Crypto is a risky matter and we must be ready for every risk to face to meet the success with complicated processes.

[Saint-loup]

Yes it's called the survivorship bias, if you only listen to successful guys you won't figure out the real difficulties because they've skills or advantages, sometimes they don't even realize themselves, you don't have or because they've just been lucky. It creates a skewed perspective where you're only seeing the winners, not the countless others who faced the same challenges but didn't make it. It's like watching a highlight reel of a successful gambler who hit the jackpot. What you don't see are the countless bets they lost before that big win. Learning from failures and struggles is just as important as studying success stories.

Concerning OP's friend story, a golden rule in trading is to try to buy low and to sell high and to avoid doing the opposite. So when you invest at a high price after a pump it's usually not far away from the top, so you need to be very cautious.

[Japinat]

When money is involved, it's important to invest with high caution. Not because you are fearful to lose, but because of the spread out scammers all over the internet. They try to pretend to help you and act as a financial advisor, but in reality they are just obsessed with your funds and once they get them, they will suddenly vanish like thin air.

We don't hold assurance if those successful stories of other people being told are true, so it's best to investigate first or DYOR so we won't end up the fools who believe in made up stories.

[CryptopreneurBrainboss]

my advice to everyone out there is that we should all be cautious of what we do from the things we hear because sometimes what profits the next man can actually turn out to be a disappointment to you.

Hype and exaggeration are what projects use to push an agenda towards their project been good for investment. Those stories we see on the net aren't always true but that doesn't mean we don't have those seeing the types of profits that look so unrealistic. But you should understand that your path to success isn't the same with the other person. You can do exactly what they're doing and instead of making profits, you keep on losing. We have those that are flipping nfts, altcoins and making big gains but if you try the same thing, you'll always end up with the declining nft or altcoins that becomes worthless. Invest with the mindset that you're not after short term profits and you won't fall victim to hype scams in the market because there are many of them just looking for their next victim.

All other advice too are welcome from senior here to help guide those enthusiastic newbie that are willing to do anything to earn profits or be as successful as the story they hear.

If it's too good to be true then it usually is, be skeptical about everything you read or hear in the industry because they usually are. This is an unregulated market so alot of scam artists are present looking for victims. The success stories shouldn't trigger you or if it does trigger you then channel those energy into accumulating Bitcoin. The stories of people making millions from few dollars investment are real but not all and understand that for that one person that make that big profits, we have millions of others losing to the market (and the possibility of being among the losing side is greater than the winning side) so don't get over excited and decide to follow in their footsteps as you might end up losing than making profits.

[Z390]

Its not a bad advice, I remember when I always feel somehow when people don't believe that I make money from something they believe to be scam, I found peace when I don't bother to tell anybody anything again, I think I must be built differently it is.
Have you ever gotten to a stage where you feel like stopping? Reading through success stories can help you get your fit back on, I believe its not entreily wrong, but its smart to believe in yourself, just use others stories as lessons, be encouraged always and don't give up.

Whatever will work will never come easily, you need to have the not giving up mentality in you, I don't see why this is a wrong thing, I have read the success stories of people that bought bitcoin in 2010 and they sold three years later, this gave me the courage to keep holding my bitcoin, I needed this success stories, I don't have to follow the exact same pact like them, but its fine to believe in your dream.

[Mr.suevie]

Reading other people's successful investment stories can be inspiring & informative but it's important not to expect to replicate them exactly. Every investment journey is unique influenced by various factors such as market conditions, individual risk tolerance & financial goals. What worked for someone else might not work for you due to different circumstances & resources. It’s more valuable to learn from these stories, gain insights & adapt them to your own investment strategy.

I know that people success stories can inspire you and maybe motivate you to do more but alot of these stories can be exeggerated and even over hype which can easily lead you to do things that might have you end up regretting as the results won't be the same. Mostly I think the Op main view on this thread would be the fact on how celebraties use their influence to deceive so many to thinking that some of things they advertise can be as easy as they say it.

[Maslate]

You don't know actually if they are telling true to life stories or they just fabricate stories in the past. So never easily believe on people you don't even know. Do your own research so you won't rely on other's knowledge and experiences. If you focus on your own story, you will increase your chances to succeed in crypto, and not relying on other people's claimed expertise.

Know that other people's successful stories do not have the intention to encourage or help us in one way or another, but it's there to deceive us until they can make money from us and they'll just vanish like a thin air.