Why the rush to gain profit in crypto?

[HONDACD125]

  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 is no doubt that we can get a huge profit in cryptocurrency which we cannot easily get by investing in any other place, but on the other hand, people don't consider that as easily and quickly as you can make good profits, you can also lose easily. So you are right that a correct information and research can save us from things that can lead to our loss. Now a day many new projects are being launched and we see the promotion of it on many channels and platforms which is presented in a big way. Often people who don't know about cryptocurrency invest in such new projects which later lead to loss for them.

We should know that the people who tell about such projects or airdrops are always sponsored by the project and they get paid handsomely, because of them people like such projects, and participate in airdrops that benefit the project, but may cause losses to the investors later on.Our own research and information is the best, everyone should always be heard, but your own information is always important when making a decision. Often I have noticed that if you look at 10 people who tell us about projects, you will never see the same thing in these 10, but they keep telling you about different projects. From which it is not difficult to guess that all this is done only to trap us.

[Promocodeudo]

  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.

Desperation is one of the steps to a temporal downfall of anybody, though why we many of us are into crypto investment is because of the fact that it is a profit-oriented investment but many people has gone extreme in this business, the keep searching for new project or projects that they will invest to make fast money but forgetting that before you invest in any project you have to know the authenticity of such project before investing your funds in it, this the reason why I always advocate for bitcoin investment, if someone is ready for investment, the best you can do for yourself is to invest in bitcoin and you have to do this with the strategy that suits your plan in other not be in pressure.

[Questat]

Desperation is one of the steps to a temporal downfall of anybody, though why we many of us are into crypto investment is because of the fact that it is a profit-oriented investment but many people has gone extreme in this business, the keep searching for new project or projects that they will invest to make fast money but forgetting that before you invest in any project you have to know the authenticity of such project before investing your funds in it, this the reason why I always advocate for bitcoin investment, if someone is ready for investment, the best you can do for yourself is to invest in bitcoin and you have to do this with the strategy that suits your plan in other not be in pressure.

Most of us just jump into crypto investment thinking they could make money right away and I can't blame them either because that was been spread by these fake influencers. Most of the investors got scammed of what they thought about crypto.

We can see people are looking for a gem but sadly, they fall into shitcoins. The results of our investment depend on what coins we choose and of course, the knowledge we have. More and more people suffer losses from their wrong perceptions about crypto investment and many people have failed by following these social media influencers.

[peter0425]

Because most of people believing that there is an easy way to earn but the truth is they are not ready to what will come so rushing is what they wanted , because if all people here knows the reality of how and what crypto is ? then they will never act such stupidity now instead will be willing to buy and wait at least for some time.

[CODE200]

The reason I do believe is that the promised profits by these scammers is just too damn good even if it isn't true and with that kind of people that's desperate to make some money, I do think that it's a no-brainer for why people are joining anything and everything even if the airdrop or the tokens are an obvious scam, they want the promised reward and not the tangible one. There's also the fear of missing out that you've mentioned already, there are people out there that want to get in as soon as they can because they feel like they're being left out and so they end up with this delusion that if possible, anything that would promise me profit or tell them that they're the next bitcoin, that they would grab the opportunity to invest or join with no questions asked and there it goes, they end up either getting scammed or their investments tanking because they didn't take the time to consider some stuff and learn about the coin or the airdrop, they jump right in. Another reason why I think that there's a rush is because we've grown up in a fast paced environment and we want to keep up with it and we end up being groomed to do it all fast because we need to do as much as we can with so little time that we've got.

[justdimin]

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.

I do agree that it is not really that easy, and could definitely be tough to "not" fall for these scams. But people see other people making unreal amount of money, and they start to think maybe some of these scams are actually true. That is not an easy decision to make, because you do not know which ones are fake and which ones are real.

But you do end up with something that will look to be decent given enough time. So I believe, we should just let it be, and not really overreact to each case. Just look one by one, if something looks like a scam, there is no need to dwell on it, move on, there are no shortages of projects in the crypto world, so even if you doubt just a little bit, move on to the next project until you find one you trust 100% completely.

[Nrcewker]

I mean who doesn’t like to make profits? We all do hardwork in order to make quick money in minimum amount of time. Hence all the people do this only. Some think crypto can make them rich very fast. They give time to the market, analyse it and hence invest certain amount. Some does the right analysis and make great profits while some fail and losses the money. So we can’t complain about the rush here. Yes people have different styles to make money. Some like to make it slow while some take huge risks to make quick profits.

[Zanab247]

The reason some BTC investors are rushing to sell their BTC in the market the moment they heard the information about bull run in some social media because, they don't have the idea the right time to supply to avoid losses from the market.

 Sometimes I pay attention to some news on social media but I don't follow up with their fake information than to carry out some research about the information I heard on a particular platform or social media to know if truly there is a way I can get what I want from the market or not before taking a step.

[Mauser]

   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 think people are always desperate to make profits when it comes to trading, but in the recent time things got worse due to the pandemic and the inflation times. Everything is getting more expensive, food, energy prices, rent, etc. It's really hard to make your investment grow while we have to spend so much of our monthly salary on fixed cost. Now add the recent bull run of crypto currencies on top of that and people start to become afraid of missing out. FOMO is a serious issue that has lead to many investors to make purchases they normally wouldn't have made. Which is why it's so important to make our own research and decisions instead of blindly following other people. In times of quick rising prices it seems that we need to act very fast, otherwise we are going to miss out on the whole rally. But there will always be setbacks and new opportunities to buy a coin again. If you look at the crypto charts you will see that prices are moving in cycles and we will always find another time to make purchases again.

[EarnOnVictor]

  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.

Desperation is one of the steps to a temporal downfall of anybody, though why we many of us are into crypto investment is because of the fact that it is a profit-oriented investment but many people has gone extreme in this business, the keep searching for new project or projects that they will invest to make fast money but forgetting that before you invest in any project you have to know the authenticity of such project before investing your funds in it, this the reason why I always advocate for bitcoin investment, if someone is ready for investment, the best you can do for yourself is to invest in bitcoin and you have to do this with the strategy that suits your plan in other not be in pressure.

As far as I'm concerned, I do not see any desperation here as long as it is the cryptocurrency we are talking about, most of them have good prospects. If we can't take risks, we can't gain, this is not desperation in most cases. Those who started buying Bitcoin while it was below $10 would also be tagged desperate at that time because investing in such an unpopular and risky project by then can't be so appropriate to some people, but we all see what Bitcoin has become today. The more you have an affinity for risk, the better for you, but one must first be reasonable with the risks they are taking and be sure that they commit only the money they can afford to lose on it. Some will even disregard the last rule and it will yield for them better since they have the mind for it, so it is all about risk-taking.

Many have taken it and have been happy, smiling at their banks and various wallets. How I wish I had even taken more risk in the second half of last year. In this crypto we are talking about, we have numerous opportunities, some risk-takers have made money massively, and even last year in the last mini-bull run, many were made happy with it. Imagine those who are lucky to invest in those coins that moved over 10 times, or those BRC-20 projects that moved more than that, or the BONK itself that moves upwards in tens of multiples. So, it is all about what you have, your mind for risk, and how you foresee and plan for it.

[crwth]

The rush probably is caused by a lot of things. Still, the first thing that came into my mind is because of the world we live in now, the instant gratification that is being shown to different people starting from a young age and has been a factor towards anyone that want to have fast results. It's mostly like that in terms of the "rush" and taking time isn't being practiced anymore.

Additionally, more factors that people probably have

• Other people within the crypto space show the opportunities of earning. They see people having intense profits from crypto and they probably think they can replicate that
• The quick wealth type of thing is possible and it changed the mindset of some people
• They feel FOMO with their peers

I agree that education is an important thing when trying to do anything, especially when trying to make a profit. It's best to be knowledgeable.

[kentrolla]

This is a common perspective due to which people end up losing money as they dive into the ocean of crypto with very little knowledge as little knowledge is too dangerous because that's when we end up making blunders after blunder. People need to stop being lazy greedy and start doing their own analysis and stop believing in the crypto influencers I mean fake influencers because people expect easy money assuming these influencer because people don't want to put their efforts and time to know about crypto and how it works all they need is a signal which can make them rich. It's high time as we are discussing about bullrun there would be new influences or so called experts born every now and then especially during bull run we need to avoid them and do our research if we don't want to end up as a loser.

[Youngkhngdiddy]

 The more you have an affinity for risk, the better for you, but one must first be reasonable with the risks they are taking and be sure that they commit only the money they can afford to lose on it. Some will even disregard the last rule and it will yield for them better since they have the mind for it, so it is all about risk-taking.

You've said it all, this statement really caught my attention because even though one has a good knowledge of the crypto space, they must be very cautious with investing only funds they could afford to lose, even though they're willing to give it a trial, they should be aware that the chances of losing is always higher compared to winning, lucks like that don't come regularly and one have to consider their health status before they venture into risk taking that would break them completely.

Many have taken it and have been happy, smiling at their banks and various wallets. How I wish I had even taken more risk in the second half of last year. In this crypto we are talking about, we have numerous opportunities, some risk-takers have made money massively, and even last year in the last mini-bull run, many were made happy with it. Imagine those who are lucky to invest in those coins that moved over 10 times, or those BRC-20 projects that moved more than that, or the BONK itself that moves upwards in tens of multiples. So, it is all about what you have, your mind for risk, and how you foresee and plan for it.

Well ìt all falls back to the fact that before you take a risk you must have knowledge about what your doing, you must be aware of the consequences of being unlucky, not people who're misinformed about a project but just want to try their luck and see if it would work for them, because it worked perfectly for a close pal of family. Yes before you want to risk investing in BONK, you must have a good knowledge about BONK. not someone who overheard people discussing about how they benefited from it and decided to try, without making proper research about it.

[Zigabel]

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.

Sometimes it's very beneficial not to venture into something you saw online because they appear really promising, sometimes they can be too good to be true but because of our quest for quick and fast profit we may not want to take that time to verify he True these opportunities are and save our selves of the potential harm some of these opportunities possess. Airdrops has been one of the vehicle most fraudulent projects use to get their victims to invest into their projects but if you are diligent to DYOR most often, you may not fall into the traps of these fraudulent sharks.

Whenever an opportunity for easy money avails it's self it's very wise to exercise initial restraint and observe closely how solid is the community and reputation behind any project before investing so you don't end up loosing your money to fraudsters in the giuse of helping you grow and investing your funds.

[boty]

This is a common perspective due to which people end up losing money as they dive into the ocean of crypto with very little knowledge as little knowledge is too dangerous because that's when we end up making blunders after blunder. People need to stop being lazy greedy and start doing their own analysis and stop believing in the crypto influencers I mean fake influencers because people expect easy money assuming these influencer because people don't want to put their efforts and time to know about crypto and how it works all they need is a signal which can make them rich. It's high time as we are discussing about bullrun there would be new influences or so called experts born every now and then especially during bull run we need to avoid them and do our research if we don't want to end up as a loser.

If we don't have any knowledge about crypto and we decide to jump in, of course this will be very bad because this will cause us to make mistakes that will result in us losing the money we have.
Yes, everyone who wants to enter the crypto world of course they have to do their own research and don't just trust fake crypto influencers who are only looking to make a profit from the videos they broadcast, they only think about their own profits and other people who will suffer losses because they are lazy in doing so. do research about crypto and start by not having good knowledge about crypto of course we have to do our own research if we don't want the assets we have to just disappear because we believe they are fake crypto influencers.

[Mate2237]

It is a noy those who see cryptocurrency as a get quick rich investment scheme investing in social media handles advertisers and get scammed. If you really understand cryptocurrency and invest in the rightful platforms and hodle it to the bull market then God has butter the person bread for him. I don't see social media influencers and apps as genuine or legit ones. I always disregard them and passed. A cousin of mine sent me a link on Whatsapp to click to trade today as I saw  the message I delete the message instantly.

The bull market should not make people to fall into victim. And don't send money to anyone to invest for you and always make your personal research and invest by yourself.

[Fivestar4everMVP]

Desire for quick profit is a pure human nature, and this why we have more poor people in the world than rich people, why? Because only a very few people will or are willing to invest long term in a project or company that could turn their financial live around, those who are sensible invest in a thing when less people are talking about it, because they know when more people start discovering that thing and start talking about it, the price will greatly increase, and this is exactly what happens.

So, by the time prices are up and alot of people talking about something, you see most people will start to fomo into that thing trying to win some profit, meanwhile, they must have seen heard about that thing when it was very cheap, but gave it no attention.

So, rushing to gain profit in crypto is a normal thing, atleast, it is one of the reason behind bull runs, if new people arent fomo ing, trying to catch a flying bird, bull runs won't run for long, and won't make much profit for the early investors.

[Lukmanfirdaus1]

It's very sad indeed, this happened to my friend several months ago, unfortunately he only told me about it now, if at the time of the incident he had asked for my advice, maybe he wouldn't have lost so much money. he did a search for a project that would increase 100x on YouTube so he found something that looked like it would be a big project, unfortunately the video he watched was an influencer who was paid by the project, and unfortunately the project he invested in was a shitcoin where everything was unclear, starting from the website, roadmap, WP, team, everything is very bad. he followed the hype and he lost almost -90% of the presale price. sad.

[darkangel11]

It happens because people come here with wrong assumptions. Some of them read these stories that describe how someone did this or that and turned a thousand dollars into a million. It works the same way that casinos do, by giving very high estimates and people think that if they made 100x, they'll easily make 2x. They think their expectations are curbed when compared to the rest of the community, but they don't get how this works. The fact that that guy can run for 20 miles doesn't make you go and run for 2 just like that because you may be so weak that you won't even make 10% of his distance without getting a heart attack. Expectations vs reality, that's what it's all about.

[taufik123]

-snip-
A cousin of mine sent me a link on Whatsapp to click to trade today as I saw  the message I delete the message instantly.

The bull market should not make people to fall into victim. And don't send money to anyone to invest for you and always make your personal research and invest by yourself.

Be careful with all kinds of links that no one knows even if they are sent by your cousin, because it could be phishing links or links containing malware that are now rife.
Your decision to delete it is quite right, after all, if your cousin wants to invite you in a business or provide a referral link why doesn't he confirm it again.

I also always see what I click on, so I don't get stuck in a dangerous situation.
Want to get a profit, even get a problem, of course it is wanted.

The bull market is a place for scammers to return to action, and must be wary of all kinds of methods carried out.
Doing detailed research needs to be done so that everything is safe and under control.