Why the rush to gain profit in crypto?

[Dr.Bitcoin_Strange]

Why the rush to gain profit in crypto?

Why the surprise? Is it not a normal thing? As far as I know, there is usually too much rush into the crypto market during times like this when the bull market is approaching, and that's also why you see that some people get scammed during this period too. There is usually price hype and different speculations; people hope for a huge profit, and all of that can cause some people to have FOMO, which also contributes to the rush to make profit.

Despite the fact that most people are rushing to buy Bitcoin now, that's also how many people are rushing to buy altcoins, and definitely some people will end up investing in some shitcoins that will not generate any profit for them. The only way to help some people is to teach them the risks of investing in crypto because some of them who fall victim to scams and shitcoins do not have proper knowledge.

[SamReomo]

Of course, seeing crypto is full of fraud and scams, it’s always crucial to gain the right information before entering the crypto space. With that, DYOR is the key.

That's true and I believe the best and most useful resource for any crypto investor is this forum. Here people get real knowledge and education related to crypto-currencies which they can't get anywhere else. Especially, when someone is going to invest in Bitcoin then this is the only place where they can get accurate and valuable information from the reputed members of the crypto community.

I think it's way better to read some Bitcoin related or crypto related books or e-books rather than watching the videos of the social media influencers. Most of the videos that they make are actually paid ones, scam projects give those social media influencers a lot of money to promote their project. The influencers know all such fake and scam projects but still they promote those because their main aim is to earn money. It's better to avoid those fake people can read some books to learn about crypto-currencies.

[hatshepsut93]

Getting the right information is very paramount in the crypto world, the right information will give you the right results.

And where are you going to get this right information? Anyone who knows how to make money will have no to reason to share it with others, because it would just create competition for themselves. This means that most advises are coming from scammers or people who have no idea what they are talking about and just generate content to sell ads and shill.

The people who actually succeed in crypto are those who have enough intelligence to figure out how to make money on their own.

[Churchillvv]

Getting the right information is very paramount in the crypto world, the right information will give you the right results.

From every thing I read this is my most captivating line, it's carry's a quality than the entire body of the post.

Basically, from survey it's quite normal to see people rush into some thing when it's trending or it's about to hit up for good profit. so I wouldn't be surprised to see people fall in to scams because when you're in a haste you tend not to be careful enough. One thing I know about Bitcoin and it's bull run is that that newbies( beginners in the crypto space) tends to feel anxious while hearing about Bitcoin and it's past performances, which makes them go into shitcoin thinking they will perform as good as Bitcoin because they're starting small as Bitcoin did too whereas they don't know the true difference.

That's why I quoted the above, it's only a good knowledge that can bring people out of this tempting shitcoins and scams just as you said earlier.

[Maslate]

People rush to gain profit in crypto because they were influenced by the crypto influencers in the social media and bite their too good to be true offers. Not realizing that everything that is too good to be true falls as scams. Hence, getting the right information is a must. The bitcointalk forum is a perfect outlet for that, as we have some reliable members that can give us valuable advices rather than falling on the traps of this social media influencers.

However, most newbies would likely to gain quick profits from crypto, and I think that’s normal as their motivation is still high seeing a lot are benefiting and enjoying their profits from crypto.

[Youngkhngdiddy]

Maybe they are just finding another opportunities in other crypto currencies, honestly I'm a hunter when it comes to finding potential coins that could give potential profit to be, more like I also take advantage of those new coins as long as they still in a good position, lets say I invest in new coins that is legitimate and wait for the perfect timing to sell the assets before it drops, yes its too risky but if I don't explore and find opportunities in other coins then I couldn't earn more, yes earning more is my goal but the thing is some of my earnings will be go to bitcoin investment, doing DCA in order to accumulate some bitcoin and my dream to own a whole worth bitcoin, but I have a long way to that, but as long as I see opportunities in the market I will keep on investing in bitcoin and other coins as long as they could give me profit.

Well according to your statement, you mentioned that you you're a hunter when it comes to finding coins with good potential, which is one attribute of a good hunter in reality, they take their time to study their prey then strike, that's to say that you must have a good knowledge about Crypto currency before you venture into finding coins with good potential, because you said you take your time in investing in legitimate crypto currencies and wait for a perfect timing to make profit from it, now that's very nice.
 It shows that you're aware of the dangers of investing wrongly or falling for the wrong scam crypto currency investment, therefore you take your time, minimise risk while in the process of exploring. Now there are people that don't think about the risk involved or even make proper findings about a project, but would jump into it so far they feel they'll make profits, which atimes fails.
 There are also people who happen to prey on any airdrop they come across on social media platforms because they feel the projects got a large community and could get them rich quick. Also in as much as investing in bitcoin can be profitable cause of the bull run, there are people that due to wrong info on the media would fall for fake Bitcoin investment sites/platforms and those are the people I'm referring to hence the post.

[rachael9385]

Yes of course, Bitcoin is full on positive news but an as well have a negative side too.
The negative of Bitcoin is in the hands of the investors or the trader, when one is not well educated or have a lot of misconceptions about Bitcoin, such person will end up losing everything he or she has, in Bitcoin investment education is needed and also, one need to be smart to hand some situations like when Bitcoin is dropping or increasing, some might rush to sell their coins out of fears when Bitcoin is reducing and some might want to also sell their coins when they have gotten a little profits.
Instead of them to hold for dear life and wait for Bitcoin to increase enough so they can make a lot of profits they will just sell. Just like when they buy at the price of $40k and Bitcoin increases to $45k they will want to sell think that they have gain but not knowing that if they hold it longer they will profit more than what they just sold.

[kennyliang23]

The rush to gain profit in cryptocurrency largely stems from human nature, where the desire for quick financial gains is a strong motivator.

Additionally, some individuals are interested in shorting the market, betting on the decline of crypto values for profit. This combination of the innate inclination for rapid success and strategic market maneuvers contributes to the urgency seen in crypto trading.

[harapan]

For most people, when they enter the world of crypto, one thing they think about is how to always get lots of profits. even though we really understand that earning money in crypto is not always easy. It takes a lot of effort to make it happen. because crypto is something that carries a high risk. When it comes to crypto, impatience, inability to control emotions, and greed really matter. jsa rush our efforts and make the situation in crypto itself worse. and ultimately fail if you are not able to handle it well.

Actually,no doubt cryptocurrency is a good investment choice,but many people despite thier knowledge and awareness about cryptocurrency prons and con's will still fall victims for these online money launderer's.
 All these failed investment transactions that's what makes people criticize and condemn cryptocurrency at large.It's not really fair for people to think that way but most importantly,it's the user's of crypto or crypto enthusiast's that get themselves into trouble making people believe crypto is a fraud or scam scheme.

[pinggoki]

Because the narrative of missing out on potential million dollar crypto is so ingrained into many of us that a lot of people are always continuing to fall for the same stupid trick. It's also the fact that a lot of people that's gotten into crypto are pretty much ignorant or living in illusion that whatever they invest their money into is going to make them a lot of money when that's so far from reality. The reason for the rush would also have to do with scammers trying to force you to decide quickly because they want to not waste time and you taking your time will make you discover that they might be a scammer so they do that rushing thing.

[Cryptmuster]

Why the surprise? Is it not a normal thing? As far as I know, there is usually too much rush into the crypto market during times like this when the bull market is approaching, and that's also why you see that some people get scammed during this period too. There is usually price hype and different speculations; people hope for a huge profit, and all of that can cause some people to have FOMO, which also contributes to the rush to make profit.

Despite the fact that most people are rushing to buy Bitcoin now, that's also how many people are rushing to buy altcoins, and definitely some people will end up investing in some shitcoins that will not generate any profit for them. The only way to help some people is to teach them the risks of investing in crypto because some of them who fall victim to scams and shitcoins do not have proper knowledge.

The biggest problems will be for those who want to buy shitcoins, which have high volatility, and now it may seem that on bullrun this will be the best option, but in fact it can turn out to be a big loss of money. If you want to buy shitcoins, then you need to do this with a very small part of your funds, diversification will help you avoid big mistakes. But it’s best not to pay attention to the shitcoins, and find a few coins that have a good foundation and where teams are actively working on development, this will bring more benefits.

[Asuspawer09]

  The crypto currency space is filled with a lot of positive and life changing opportunities, but it also have it's negative sides as well, especially to those who have little knowledge about Crypto currency, lately  there are a lot of fake influencers, fake media whales, scams, fake Airdrops especially on the social media that could lead new crypto beginners to invest their time and money on projects that would do them more harm than good. A lot of people see Crypto currency as an agenda to get rich quick, well there are chances that it's possible, with the right investment and skill, but before you venture into the crypto space currently you must be prepared with a vast knowledge of how to overcome this negative activities, cause it would help one to know the right choice of crypto investment as well as knowing how to detect scam project and fake influencers that could lure you into wrong investments.
   People are desperate cause the feel like since everyone is making emphasis on the bull run, the fear of missing out makes them partake into fake airdrop and news.  A lot of people will want to capitalize on this opportunity to spread fake news and propaganda luring poor people to waist their time and resources. Getting the right information is very paramount in the crypto world, the right information will give you the right results.

There are for sure a lot of things that are happening in the cryptocurrency space and even for experienced investors and trading might make some sort of mistakes for sure in the long run, it wasn't actually negative just to rush gaining some profit in some of your investment, I mean the goal for the most trader is to gain profit and as long as you gain profit on your trade that just means that you dont lose money on that trade. Cryptocurrency and Bitcoin are still a risky investment so putting your money on them is going to be a huge risk since we dont really know if our money is still going to be valuable, at any moment the market price could easily drop even though most of the Bitcoin believers are saying that it is surely going to reach a certain market price its not guarantee.

I've sold some of my holdings because I know that it would take time for Bitcoin to reach a certain market price and the market pump is already good enough to lower the risk of my investment, I also predict that at some point it will make a huge drop like in my experience in the past Bullrun there are always a drop like these that is happening and its possible that the market price is gonna continue to drop down, so for sure the investment money that I have, I could use again to reinvest on it increasing my volume.

In the first place, cryptocurrency and Bitcoin are risky so you shouldn't really start investing without having enough knowledge about it for sure, a lot of scammers are taking advantage of this so make sure that you know what you are doing before even entering an investment, and make sure that you're the one that is doing the work and the research, do not invest on other people to do it for you.

[Samlucky O]

I will tell you that 90% of crypto users who actually fell into scams of new projects were actually lured in by their own greed. Not only cryptocurrency but once you see an offer that seems too juicy and looks too promising then simply back out from it, because no one the internet loves you that much that they will want you to get rich. The cryptocurrency world actually paves way to earn some money either through investing into bitcoin or gamble into other Altcoins or simply trade which is risky too but all this are still made possible only when you have the knowledge. It’s only gullible people or greedy people that scammers get to sell their fake project to.

That is true. majority of people that fall to scammers was as a result of greed. We all know when scammers are bringing or supplying Us with fake information to fall victim, but we pay deaf ear to it. Sometimes people will be like.. let me try my luck, if I win or loose does not make any difference. It's better to keep trying and fail than not trying atol. So this thinking is the reason behind why scammers always get people to their web. But if people keep away this mindset, I think it will be difficult for scammers to penetrate people.

[0t3p0t]

Getting the right information is very paramount in the crypto world, the right information will give you the right results.

I agree with you OP but what makes people really fall as victim is greed because no matter how aware they are about these modus, they are still believing sweet lies, too good to be true, high risk high reward and instant huge profit from unreliable individuals.

[yazher]

However, most newbies would likely to gain quick profits from crypto, and I think that’s normal as their motivation is still high seeing a lot are benefiting and enjoying their profits from crypto.

I guess they were just excited because who would have been not when you see your capital growing with just a little effort that you have done? I was like that before when I tried to invest a huge amount of money and thankfully it grew after a short period because it was in the midst of bull runs way back a few years ago. I thought that was the right way but when I realized I could get even more profit from investing, I practiced more patience and worked on investing for the long term and added a small amount of money every time I got some extra.

[Rockstarguy]

Why the rush to gain profit in crypto?

Why the surprise? Is it not a normal thing? As far as I know, there is usually too much rush into the crypto market during times like this when the bull market is approaching, and that's also why you see that some people get scammed during this period too. There is usually price hype and different speculations; people hope for a huge profit, and all of that can cause some people to have FOMO, which also contributes to the rush to make profit.

Despite the fact that most people are rushing to buy Bitcoin now, that's also how many people are rushing to buy altcoins, and definitely some people will end up investing in some shitcoins that will not generate any profit for them. The only way to help some people is to teach them the risks of investing in crypto because some of them who fall victim to scams and shitcoins do not have proper knowledge.

Their is nothing to be surprised about how people make wrong decisions and mistakes when the bull market is around the corner because people feel this time of the market when the price of cryptocurrency is going up it is the right time for them to invest. They are very interested in the bull market but not in bearish market to accumulate Bitcoin as much as they can. People just need to be careful how they go about the bull market,  going for altcoins to invest.

The bull market is time for investors to make profit out of their investment, if one is not carefull and rushing to make money so fast,  greed can make the one to end up in a wrong investment.

[kryptqnick]

The op is taking about scams, fake Airdrops and influencers as if it's something new, it seems. But this has been going on for many years now (at least since the original ICO craze of 2017), and I hope that most people in the crypto industry are aware of these risks.
There's no need to rush with investment, and there's no need to invest a lot all at once. There are always more opportunities later during bear markets, even if someone doesn't feel confident enough to invest right now. And there are strategies with DCA for regular small investments, so that it doesn't feel like one big decision and can happen more gradually.
I agree with those pointing out that greed can be a major factor here, and I believe greed is a vice worth getting rid of in general, not just when it comes to crypto investments. While working on reducing greed, one should also cultivate virtues, such as moderation and patience.

[famososMuertos]

The truth is that there is little investment culture, so, there are scam people, simply for believing in something, hence, knowledge is important, but it is not necessary to be crammed with knowledge, what's important? common sense!, a pastor recently defrauded his parishioners of more than 3 million dollars.

^{https://www.cbsnews.com/news/church-pastor-raises-3-2-million-selling-worthless-crypto/}

[Ojima-ojo]

In the past, many cryptocurrency investors thought that cryptocurrency was some get-rich-quick scheme, and for that, they invested in with the mindset that they were going to make alot of profits within a short time, not understating how it works with cryptocurrency most especially Bitcoin,  because one can expect short term pump with other coins, but not Bitcoin.


Because with Bitcoin,  there is a need to wait out the time and be able to sustain a good momentum based on the knowledge of how the market works and when to expect something significant from the market,  so Bitcoin is not some get-rich-quick scheme as many take the general crypto market to be sometimes.

[_BlackStar]

If you want to be a trader - do analysis, if you want to be an investor then do research. You need to be one step ahead of the potential scammers that exist in this industry - so don't rely on anyone other than the person you see in the mirror. Be confident - but you must have knowledge so you can produce something of value in the industry. Trading and investing are different - but both allow you to make a profit.

If you are ready to accept profits – then you must also be prepared to accept losses. No one knows what the future will bring - but research and analysis can help you prevent many scam attempts, especially on new things. Don't rush to conclusions about something you've never known before - something easy is usually less immersive.