Why the rush to gain profit in crypto?

[Youngkhngdiddy]

   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.

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[The Cryptovator]

Earning money from crypto isn't an easy task, as we generally think. You should have enough knowledge to identify fake or real things in the crypto market. You shouldn't be influenced by influencers here. You can follow them for learning and analysis purposes. Don't make any investment decisions when influencers say anything. Cryptocurrency is volatile, and you have to make real-time decisions. Most of the influencers are paid by projects where they wash our brains. So instead, we have to use our own brains during investment, and we also always need to avoid free money offers.

[EL MOHA]

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.

[DaNNy001]

Earning money from crypto isn't an easy task, as we generally think. You should have enough knowledge to identify fake or real things in the crypto market. You shouldn't be influenced by influencers here. You can follow them for learning and analysis purposes. Don't make any investment decisions when influencers say anything. Cryptocurrency is volatile, and you have to make real-time decisions. Most of the influencers are paid by projects where they wash our brains. So instead, we have to use our own brains during investment, and we also always need to avoid free money offers.

So many people are just in the lost because of the wrong taught they have when it comes to making money from the crypto space and Bitcoin  in particular. The opportunities are there no doubt but the level of risk involved is also crazy because the same way you can earn that's same way you can lose so actually checking out what you are getting your self involved would with and if you still choose the Bitcoin investment then you will now know that there is no such thing as free money in the crypto space.

[Die_empty]

  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.

Anybody who depends on social media for information about the crypto space will be easily deceived. You have to do your research about the industry from trustworthy platforms like bitcointalk. It will be difficult to be deceived if you study verified materials from this forum. You are also free to seek verification by asking questions. These so-called influencers have little or zero knowledge about the crypto industry so relying on them for Investment advice is dangerous.
 

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 who perceive the crypto sector as a get-rich-quick scheme are the easiest prey or victims of scams. You don't need to have a vast knowledge about the crypto industry before Investing. I usually advise newbies to invest with small amount in Bitcoin and practically learn how to use and protect their wallets as well as how the market works. For you not to be a victim of scams just learn about Bitcoin and invest in it. Most of these altcoin projects are scams.
  

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.

You don't need to invest in Bitcoin because of FOMO because you might not get a good profit. The best time to invest in Bitcoin is not close to or during the bull run. Many smart investors have DCAing for many years and are just waiting to reach their targeted profit. Seek information from only verifiable sources.

[alankasman]

Making a profit through the crypto space is not an easy job like doing real physical work. In crypto, knowledge requires more than just the basics to anticipate fraud.
I feel that this looks like repetition, but actually this is a sentence that is very important in seeking profits in the crypto world which is full of anonymity.

Without having stable knowledge, you can be sure that people will easily deceive us in ways that are as good as possible so that we don't find out.
If we experience fraud in the midst of seeking profit here, where do we want to claim the loss?

[babarapalvin2]

We can make money holding crypto only seasonal time periods. this time after bitcoin halving I expect some profit for me. even last season I couldn't get benefits since I was dispressed.

[Bitstar_coin]

Being careful is very important in the crypto space because of the numerous amount of phishing and scam sites around. So it is easy to become a victim of getting hacked or wallet drain, just one click on a phishing site mistakenly can land you in trouble. It may not necessarily be as a result of greed as @EL MOHA  is insinuating.

Scammers are taking advantage of the fact that most crypto users don't bother to pay attention to little details, not security conscious of the links they are interacting with.  
Most especially users who engage in both testnet and mainnet activities are mostly falling victim because of interacting with different dapps.

[milewilda]

Earning money from crypto isn't an easy task, as we generally think. You should have enough knowledge to identify fake or real things in the crypto market. You shouldn't be influenced by influencers here. You can follow them for learning and analysis purposes. Don't make any investment decisions when influencers say anything. Cryptocurrency is volatile, and you have to make real-time decisions. Most of the influencers are paid by projects where they wash our brains. So instead, we have to use our own brains during investment, and we also always need to avoid free money offers.

Majority of noobs would really be having this kind of impression on which they would really be that rushing up themselves on gaining up profits in crypto space without even trying out to realize that its never been something so simple and never been something so easy as it looks. Well, on the time that they would really be experiencing for themselves about the harshness or reality of this market then
this is where they would really be able to make those realizations and would really be that be careful on the time that they would be experiencing those
problems on which this is something that you must avoid. This is why it would really be that always best that you should be thinking up sensible and realistically at least.

Profit is profit but you should really be that aware at least on when to basically be securing those profits on the time that you would really be having that kind of opportunity.
This is why it would really be that depending on such situation.

[decodx]

I've also noticed that a majority of folks who've been scammed in crypto initially got drawn in by promises that seemed too good to be true.  When an investment opportunity looks unusually lucrative, it often is.

It's human nature to get tempted by the prospect of easy money.  But in this space, if something appears wildly profitable with little downside, approach with intense skepticism.  Greed clouds judgement.  The safest mindset is assuming shells that shine brightest are often empty on the inside.  Unfortunately, many cry scam only after the fact.

[Ndabagi01]

    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.

Without the proper information, you will be doomed. In the cryptocurrency space, you must stay up to date on the latest news, as scammers are constantly on the rise and looking for any opportunity to lure people into their traps. Cryptocurrency is not a get-rich-quick scheme, and it never will be, regardless of how much success people claim on social media. FOMO has caused many people to lose more money than they have gained in the space; take your time analysing a project before jumping in. It is better to join late and know that the project has a bright future than to join early and lose all of your money.

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.

This is an extremely important point that people who fall victim to such scams frequently overlook. When a project appears too good to be true, it raises a red flag. You cannot achieve success in this space overnight; while luck does shine on people, it is not as simple as you may believe. As a new or experienced investor, falling for such scams is purely motivated by greed. Don't be greedy; instead, take your time and look for projects worth investing in before putting your hard-earned money into them.

[goldkingcoiner]

  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.

I cannot say why people are so drawn towards investing in other cryptocurrency other than Bitcoin, or at least above the top 20 coins... Maybe its a mindset of hoping to be on the next 3000% pump?

For me, Bitcoin is first and foremost a hedge against fiat and government. Bitcoin is how I can feel like my money actually belongs to me and only me. It being an investment that steadily and quickly rises in value is nothing more than a bonus to me.

People who buy crypto in hopes of making profits can make profits, sure. But their fiat profits will become meaningless in the future. The best thing to do is make sure your profits are in Bitcoin.

[Rengga Jati]

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.

[Assface16678]

  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.

I cannot say why people are so drawn towards investing in other cryptocurrency other than Bitcoin, or at least above the top 20 coins... Maybe its a mindset of hoping to be on the next 3000% pump?

For me, Bitcoin is first and foremost a hedge against fiat and government. Bitcoin is how I can feel like my money actually belongs to me and only me. It being an investment that steadily and quickly rises in value is nothing more than a bonus to me.

People who buy crypto in hopes of making profits can make profits, sure. But their fiat profits will become meaningless in the future. The best thing to do is make sure your profits are in Bitcoin.

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.

[SatoPrincess]

I think the problem is that people dive into crypto because they believe it will make them rich. I don’t blame them for having that mindset because that’s the general consensus on social media. Crypto influencers and traders make their living on the internet by selling crypto as a get-rich-quick scheme. Their message reaches hundreds of people every day and more often than not these people do not verify the information that is given to them.

[aoluain]

First thing is to differentiate between "crypto" and "Bitcoin", they are different spaces.

The OP's thread title can be answered with the rush of some people to try and ride a
potential $hitcoins meteoric rise and winning a much sought after 1000x reward, this
thinking will never end, to me its like trying to draw the shortest straw from a choice
of like 100, 500 maybe.

The days of "big profits" from Bitcoin in a short space of time is not going to happen
and those attracted to "crypto" rushing for profit wont be looking at Bitcoin.

[Stepstowealth]

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.

They are just receiving the package the way it has been packaged for them. There many desperate people that the economy has made that are in need to better their situation and they will jump at any opportunity they see as a quick way to get rich. When you talk to such people about Bitcoin, you have to be very plain and careful to make sure that you are not packaging and giving to them the information about Bitcoin in a way that makes it seem like it is a scheme to get rich quick from. Investing in Bitcoin is a step to wealth and has made people rich but it is not a quick way to get rich.

[Finestream]

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. Do not rely on YouTube crypto influencers since majority of them do not also know what they are saying. But make your own extensive research so you will be aware of its risks and be  inform on how to manage it. Otherwise, you will fall on the same trap trying to satisfy your own greed, just like what others have did.

[Kelvinid]

  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.

...

These are the reasons why some people could think that Bitcoin is a scam or Ponzi Scheme because many people have fallen into the wrong way of investment as trusted these influencers, and lost their hard-earned money. And even if I talk to my friends they even say it was a scam as they hear a lot of people saying and complaining about it.

I can't blame why scammers continue to grow because many people are still greedy and know-how about crypto. Those who are not aware of their scam trick surely put it into their pocket. Those desperate people will take this opportunity without knowing the outcome of their investment until the time has come when they will notice that they are getting scammed.

[Onyeeze]

  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.

...

These are the reasons why some people could think that Bitcoin is a scam or Ponzi Scheme because many people have fallen into the wrong way of investment as trusted these influencers, and lost their hard-earned money. And even if I talk to my friends they even say it was a scam as they hear a lot of people saying and complaining about it.

I can't blame why scammers continue to grow because many people are still greedy and know-how about crypto. Those who are not aware of their scam trick surely put it into their pocket. Those desperate people will take this opportunity without knowing the outcome of their investment until the time has come when they will notice that they are getting scammed.

you are right because many people who lose in cryptocurrency investment there are people who does not make a research concerning cryptocurrency before investing in cryptocurrency so that is why when they are blaming themselves before the investment that enter I don't engage in such a conversation because the fault is from them if you study the movement of the market in Bitcoin there is nothing we make you to invest wrongly because you must have understand everything concerning the movement of Bitcoin and it profiting and losing aspect of it