Why the rush to gain profit in crypto?

[legendbtc]

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

The last statement you said above, just sum everything I needed to say regarding this whole issue, because just as this is not the first time people trying to take advantage of others when approaching the bull-run, it will definitely not be the last, hence, getting the basic knowledge about how to stay safe with crypto is the best decision I can advise anyone this moment,  because since scammers will always want to scam, been equipped will go a long way to prevent us from getting scammed.

Learning about about cryptocurrency is what can make you keep going in the journey of your investment,  knowledge is an important factor that can't be ignored when you are talking about crypto. Rushing to make money from crypto without getting the proper knowledge  is a wrong decision for anyone to take. In crypto every profit from investing or trading comes by having knowledge. Leaning to attain knowledge is the first step to take place before before investing.

Aside from crypto investing I believe knowledge is needed in all aspect, even in different kinds of investment we need knowledge so just imagine an investor who is scared to learn and always talking about profit and gain, what do you think about that investor, in my opinion such investor can never make profit. Some Crypto investment are risky compared to bitcoin investment and some crypto don't even have potential, my question is how can someone differentiate between a crypto that has potential and the crypto that serve as a scam scheme, this is very hard to differentiate especially for people who are new in the game, don't listen to influencers promoting different kinds of crypto cause they're humans like us and they have their own opinion, that doesn't mean they're perfect or 100% right, in the crypto world despite what you've heard or learnt it's best to make your research first.

No one can succeed in any field without knowledge, and the cryptocurrency market is no exception. Even cryptocurrency is a harsher place than all because there is no such thing as easy money without risk and the higher the profit, the higher the risk. Cryptocurrencies can give us the opportunity to earn x10, x100 profits that no other industry or sector can give us. But at the same time, we can also go bankrupt investing in cryptocurrency if we don't have enough knowledge, so knowledge is always necessary whether in cryptocurrency or any field.

[acener]

So many influencer and famous personality promoting crypto or being paid to promote a project that they don't even know about.
I see so many of those celebrities who promote new project even if they don't really know anything about cryptocurrency, they are just luring their followers to buy it.

[nimogsm]

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.

Beginners often come to new scam projects that promise huge profits, bright wrappers and loud promises bribe many people. And only after losing their first capital do newcomers look for more stable assets and projects and thus get acquainted with Bitcoin and other coins. Remember 2017, that was a parade of scam projects and it was the newcomers who pumped up the market with money, not the old market players.
and only now we can see how the market is becoming more and more well-trained users who make fewer stupid mistakes.

[Youngkhngdiddy]

So many influencer and famous personality promoting crypto or being paid to promote a project that they don't even know about.
I see so many of those celebrities who promote new project even if they don't really know anything about cryptocurrency, they are just luring their followers to buy it.

I know it's very wrong to mislead people blindly, but the problem here is not about those celebrities and promoters cause they're getting paid for the services they render and sometimes they don't even care to know about what they're promoting so far It fetches them money. The major problem are those following them blindly all in the name of fans or participating in a project their favorite celeb is advertising.

 Normally common sense demands that one should know or make enquires about a project before going into it , people who rush into scam bitcoin projects or Airdrops without making proper enquires or do a proper research are bound to fail and loss money, that's why it's very improper to blindly follow all those social media big whales and crypto promoters cause they'll end up getting paid by the project to mislead people blindly, sometimes out of ignorance, while their followers lose out completely. At the end you're to be blamed cause you weren't forced into investing in a scam project.

[Issa56]

I know it's very wrong to mislead people blindly, but the problem here is not about those celebrities and promoters cause they're getting paid for the services they render and sometimes they don't even care to know about what they're promoting so far It fetches them money.

When you start trusting influencers, then you are beginning to cause problems for yourself. Influencers are not people you should trust because they are just fighting for themselves, all they are after is just the money they will be paid, and some don’t even know what the project they are marketing for is all about, they don’t care if they are scammers or not. If you are going to pay them, then they will promote your project, and people following them will be at risk.

The major problem are those following them blindly all in the name of fans or participating in a project their favorite celeb is advertising.

The rules is never follow crypto influencers, and if you will follow anyone, then make sure you do your own research about the project before following then, never follow them blindly because you might end up regretting doing that, influencers don’t care about their fans, if you lose because you followed them, the highest they will do is apologise to you, and that’s all.

people who rush into scam bitcoin projects or Airdrops without making proper enquires or do a proper research are bound to fail and loss money

Some people just hear it on social media that they can make easy money with bitcoin, or if they participate in airdrop, they can make free money, and they will end up jumping into it. Since they are in a rush looking for quick money and free money, scammers are always taking advantage of that to scam them. Whatever you are investing in, always take your time to learn about it before investing.

[nurilham]

No one can succeed in any field without knowledge, and the cryptocurrency market is no exception. Even cryptocurrency is a harsher place than all because there is no such thing as easy money without risk and the higher the profit, the higher the risk. Cryptocurrencies can give us the opportunity to earn x10, x100 profits that no other industry or sector can give us. But at the same time, we can also go bankrupt investing in cryptocurrency if we don't have enough knowledge, so knowledge is always necessary whether in cryptocurrency or any field.

Of course, to success in crypto requires knowledge and experience as well.
It is true that crypto investment has a high risk, no crypto coin with no risk. Although people assume Bitcoin is a safe crypto coin, it doesn't mean to have no risk at all. Understanding the right time to buy and sell Bitcoin needs a serious analysis which means to have enough knowledge. Mastering the knowledge never takes a short time, it must take a lot of time. So, before we expect to gain profits x10 or x100, we must focus on learning first.

No doubt that there is a chance to get bankruptcy if we invest carelessly or with random ways. Knowledge is needed to guide us to have a proper way in crypto investment. 

[Antotena]

  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.

You can't blame people for been eager to make quick money, it's because of the world we live now as everyone is in desperation to make money and have a success story to gist other people about the money they made from crypto.
Sometimes, don't blame the new people but the people that introduced them, they don't give them the proper beginning they need because even them don't have good beginning, it's what they learn here they introduced to other new people. If it were you that knows about these things, you will guide them into real deal of crypto and how to survive these scams and avoid things that will cause them harm from investing in different coins.

As for the market and people in rush, I think the nature of crypto has made people always in a rush to do things because the price don't stay up for long. You can invest in a coin today and it can pumped tomorrow and crash the next day, with this people rush things in everything they do and that's why I do tell new investors that are new to the game of crypto to always invest in Bitcoin just to be safe and I don't have to explain my later if any coin fall badly, I prefer new coin for new and beginners everyday.

[Russlenat]

Why do we have this feeling that if we see other people in profits, then we also try to be profitable as well, regardless if we have no certain knowledge and skills to achieve success. I believe greed is the first reason, as everyone has its own greed, it’s just a matter of how we are able to control it individually. And most likely, the big lie that majority of crypto influencers are talking about, that trading is a get rich quick, and that anyone may find it hard to resist but chose to risk in trading and lose the funds in the end.

[AmoreJaz]

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.

Beginners often come to new scam projects that promise huge profits, bright wrappers and loud promises bribe many people. And only after losing their first capital do newcomers look for more stable assets and projects and thus get acquainted with Bitcoin and other coins. Remember 2017, that was a parade of scam projects and it was the newcomers who pumped up the market with money, not the old market players.
and only now we can see how the market is becoming more and more well-trained users who make fewer stupid mistakes.

people need to learn their own lessons before they come to discern the fact that in this market, there's more than meets the eyes. you can't achieve high profits at the early stages of dipping your hands into the trading market. if they will be disappointed early, they won't know the true benefits of this market.

i believe most of us have gone to that phase of believing we can truly earn good money out of this. remember those early days of free tokens/airdrops and exchanging it to etherdelta. i guess, a lot of early crypto users got a good amount of money on that exchange. however, the scenario now is very different. most airdrops are just wasting your time. so better find a worthwhile task that can truly pay you something, even small amount.

[batang_bitcoin]

The most important rule to keep in mind is not to trust crypto influencers too much because that is a very important thing.

If you just go through with some discussions here, you'll see how many folks have been scammed by these crypto influencers. They've been shilled by some projects and told that it's going to give them some profit but they did followed and didn't get the result that they were hopeful for.

Therefore, I emphasize the first rule of not trusting influncers and the reason I have explained in my previous article that all are looking for profit including influencers who are definitely looking for the same thing in this case so they will definitely use their appeal with subtle words and the word "DYOR" which is always a mainstay at the end of the sentence only for their own benefit.

I agree and we can figure it out how these influencers have a way to actually give their service to their audience or they're just milking every content they make for their viewers. Some of them might be genuine and real but it's just sad to say that many of them are ingenuine and are there to make contents and money for themselves. Well, that's their livelihood but they shouldn't be like that when they go to the point that they're going to even sell their viewers to the advertisers and shill the projects on them.

[mirakal]

The reason why most traders feel the urge to gain profits in crypto is probably because of FOMO. They don’t want to be left behind so they feel they need to take the ride as well, even if that would mean losing in the end while others are in high profits. I guess that’s how regular people are, the greed is always high that they forget to assess theirselves if they are capable to make it or not.

Another reason that might trigger the newbies to quickly earn profits is because of these fake crypto influencers. They are not honestly educating people, but they are feeding them with wrong information that only them will benefit, while seeing these newbies losing and regretting.

Lastly, since these newbies were deprived from getting the right information, then their decision making becomes at risk. Instead of working on theirselves and gain more experiences in trading, they resort on trading or selling their coins at the wrong time, because of the belief that they will only be profitable if they sell their coins, regardless if the market is not in a good position.

[Viscore]

The most annoying thing to me about this forum or just forums /social media sites in general when it comes to cryptocurrency or more specifically bitcoin, is the whole "profit" thing.   "How to profit" blah blah blah.  Yeah sure it's great owning bitcoin and making money from it with increases in price, but for me it's truly about the technology and what it brings to the table in terms of the blockchain, decentralized etc.

That’s how it’s supposed to be but we can’t control also the mindset of majority that when they hear about bitcoin, it’s all about profits and getting rich quick. Most probably because they also based their assumptions from the crypto influencers spread online, and based from the real life stories of some early investors who are now living in success.

However, for us who are really aware about the best advantage of bitcoin, we are more focused on the technology that it can offer to us, and the decentralization thing that gives us the sole control of our finances without being interrupted by any third party.

[wxa7115]

  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.

It is very typical for people to try to obtain the biggest benefits they can for the least effort spent, if anything humans have been doing this before civilization was even a thing, since they had to think about all the effort and energy they will need to spend to hunt a prey and the calories they will get in return.

The issue here is those people are not really making a down to earth assessment about their capabilities and the chances of getting the results they want, because if they did, many of them will give up on the idea and buy bitcoin instead of those shitcoins.

[GreatArkansas]

Another thing to consider is what people see on the internet, especially on social media platforms where some people claim or say that it is "easy money" to these people, especially the new ones just to have a lot of people follow them.
With a lack of education, a lot of people will always rush and think about profits very quickly in the market.

[ancafe]

  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.

Looking for big profits in crypto is not easy because there will be a mismatch between capital and profits. If people say small capital can provide big profits in altcoins then ask them what level of risk this will involve. Taking risks in places that are not guaranteed will have a much worse psychological impact because when faced with unsuitable conditions people will experience problems. Investment and profits will be in accordance with the capital we place and I see that especially in bitcoin because the less money we put in bitcoin, the profit will follow that capital.

Never get trapped in the condition of making fast and big profits because there is no way to get that if our finances are unstable. Various news is released on social media and we have to verify it first before making a decision because currently there are many people who make money from making news releases. Use knowledge when analyzing something and don't be too quick to make decisions before making comparisons with other news. Be wise in making decisions and don't rush into thinking about big profits in a short period of time because there is almost no way to do it.

[Julien_Olynpic]

The market is quite complex and it is designed and created in such a way as to deprive most players of money. By definition, the market cannot be too understandable for the majority. If most players understand the market well, then everyone will become rich, and this is impossible. To confuse the majority, the market constantly loops from level to level. Analysts are constantly redrawing their lines on charts and marking waves differently in wave analysis. Moreover, the situation is much simpler for less capitalized assets. If we take altcoins from the top hundred, we will find very harmonious graphs there. But Bitcoin is pretty messed up.

[Ale88]

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.

You used the right verb: should. People should do many things but, as we already know, many people are lazy, they don't care about learning, they just want the gains, quick gains, and they want it now. I understand that it's normal making some mistakes along the way, nobody is perfect, and losing money make you grow because it teaches you a lesson, but when I hear of people falling in scam like "put your money on this platform and we'll give you a 5% daily interest" I mean, come on...

[bettercrypto]

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.

First, I believe that cryptocurrency is volatile, and because of volatility, there is a high risk in investing in cryptocurrency. And it is difficult to keep up with trade in such a situation. Unless their knowledge of crypto trading is wide and deep,.

Now with the influencers, it is also true that most of them, I don't understand that most of them are mind conditioning the viewers that they will say that the crypto they are promoting is good or has potential, but if you are sensitive and do research, you will know that the others are not telling the truth, so poor people who don't know because they just rely on what other influencers say.

[Patrol69]

A lot of mistakes are made in the work that is done in too much haste. If we rush into the script space and expect a lot of profits in a short period of time, we will not meet those expectations because waiting is very important here. If we expect a lot of profit after a few days of investing in a coin, but that profit will never happen, instead of expecting a quick profit, if we can be patient and wait for a long time, then we can get something better than expected from that investment. One of the characteristics of a good investor is that he must be patient enough and have enough faith in his investment. If the investor is patient enough and if he can wait long enough for something good then he will definitely get something good at the end of the period.

[LesterD]

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.

First, I believe that cryptocurrency is volatile, and because of volatility, there is a high risk in investing in cryptocurrency. And it is difficult to keep up with trade in such a situation. Unless their knowledge of crypto trading is wide and deep,.

Now with the influencers, it is also true that most of them, I don't understand that most of them are mind conditioning the viewers that they will say that the crypto they are promoting is good or has potential, but if you are sensitive and do research, you will know that the others are not telling the truth, so poor people who don't know because they just rely on what other influencers say.

The thing is, many influencers tend to focus only on the positive aspects of cryptocurrency and encourage their followers to invest without explaining the potential risks involved. Oftentimes, they only highlight the potential profits that can be made and neglect to mention possible scenarios such as a sudden market downturn. Their main priority is to increase the number of people who invest or refer others, without considering the consequences for their viewers once the investment is made.