Why the rush to gain profit in crypto?

[Distinctin]

People who know exactly how to manage their investments before bull run were not desperate enough to rush and gain profit in crypto. But for those who are here for greed and nothing else, once they see potentials to be in profits, they will eventually grab for it even selling when it’s not actually bull run yet. And I think we don’t have control over them if that will be their mindset but we can always educate them not to take the rush because bitcoin price will eventually grow more when the real bull run hits the market.

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[synchronym]

People who are new to crypto currency or those who want to invest in crypto currency by looking at social media may think that they will make money overnight but they end up losing more than making money. In investing in crypto currency we must acquire enough knowledge or else about  Without acquiring enough knowledge, we cannot invest well in it so that there is a possibility of financial loss. Especially those who are new to cryptocurrencies who have no knowledge about cryptocurrencies may be too hasty to invest to become an overnight millionaire which is not the right thing to do as there is no possibility of making such money from cryptocurrencies. Patience is very important in investing in crypto currency We should invest in crypto currency with patience and time to check the market. Thus if we can invest in crypto currency we will definitely be successful.

[MFahad]

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.

You are right. people think that they can earn money by taking shortcuts, but in reality, there is no way to get rich quick. that's why often newcommers in crypto get disapointed after spending some time in crypto. they think they should've earned money immediately. but that's not how crypto works. it requires patience and dicipline. when they understand this reality it'll disapoint most of them. only smart people remain in crypto and end up becoming successful.

I mean who doesn’t like to make profits? We all do hardwork in order to make quick money in minimum amount of time.

It is true that everyone want to make money. but we have to understand that making money is not possible in one night. not always. there are times in crypto when people make money in short terms. but not always. so patience is important.

[wallet4bitcoin]

Crypto has been seen and told to people to be a get rich scheme, although its not true, people have decided to go ahead with the narrative and just keep exposing their resources to maximum risk.
I this meone has to change the narrative for them cos its an obvious lie

[Yatsan]

There are maay stories revolving around different social media platforms showing how much some investors have earned from this industry, in general, but not only with Bitcoin which is one of the misconceptions. Probably, those stories made an impression to non crypto investors and new ones in this industry that things are easily done by just investing. I can testify that it is not that easy 'coz if that is true, why are people losing money from their crypto investments? Disregarding the idea of fraud projects and scams and more on bad investment decision alone. Imagine investing at this moment with a decent mount and happened to be push by circumstances to sell early; instant loss especially if the market price is down by that time.

Same thing with wrong speculations of how the market will move. The market price of cryptos are volatile in nature and that means pattern and analysis could work however will not guarantee profit. There are sudfen pump and dumps in the market due to different factors. Keep in mind that demand is a general variable and is affected by mny factors such as news, FOMO, or even events thaat haas no direct relationshi with this industry. Familiar with war on the previous year which somewhat triggered a dump with the market prices? Not to mention whale manipulations. Nothing's easy as long as risk is present.

[Farma]

Crypto has been seen and told to people to be a get rich scheme, although its not true, people have decided to go ahead with the narrative and just keep exposing their resources to maximum risk.
I this meone has to change the narrative for them cos its an obvious lie

That's true, but depending on what point of view we look at it from, being rich doesn't mean you have to rush, you also have to implement a strategy to take advantage of it.
In the Crypto market price movements are quite fast and significant so it is possible for us to make big profits as well as losses so in my opinion everything will be worth it.

[Ayers]

People who know exactly how to manage their investments before bull run were not desperate enough to rush and gain profit in crypto. But for those who are here for greed and nothing else, once they see potentials to be in profits, they will eventually grab for it even selling when it’s not actually bull run yet. And I think we don’t have control over them if that will be their mindset but we can always educate them not to take the rush because bitcoin price will eventually grow more when the real bull run hits the market.

After all, cryptocurrency is also a financial market and there will always be winners and losers. If there are no stupid and greedy people, who will become the liquidity for us to sell bitcoin for profit? This may sound harsh, but these are the rules of the financial game, we cannot change or educate everyone. If we were all like us, holding and not rushing into the market to make a quick profit, who would buy and sell for us to make a profit?

[jasonjm]

Getting profit from the crypto market is difficult for a newcomer. With increasing scams, the investor should have adequate knowledge of the coins and airdrops they are investing in. Many people are investing in the crypto market because of the hype that you can be rich overnight, and a majority of the influencers are also attracting investors by saying the same thing. People started investing in shit coins and airdrops in the hope that they get rich instantly. The crypto market is not for the faint-hearted. It demands patience, patience and more patience. Bitcoin is the only reliable investment option for newcomers.

[ivankoh]

It is a matter of the temptation of profit, in the form of investment, profit is the end result. Sometimes they will sell to take profits when they feel the pumps are working well enough. So they exit with their money. Sometimes being pragmatic in that way is good for one person and vice versa for another. Personally, even though I wanted to escape when the bull run started, being greedy was more of a problem and got stuck there. lol

[Vladv26]

There have been a lot of people with bad intentions that promoted crypto as a get rich quick scheme, and newbies with no crypto experience have spread this further to others. That's why nowadays people with no knowledge about crypto think of it as a quick way to make an extra buck,which is obviously a big misconception. Even those who made huge profits from crypto, made it because of holding for several years. There is no point talking about those who made quick profits from investing in ICOs, because we all know that was just a lottery where some got lucky while many more lost their money.

[GiftedMAN]

There is no need to rush in the crypto space and to me the most paramount is having the basic knowledge and with the basic knowledge, one would be certain to explore the crypto space. I thought I was the only one observing the false news from those online bloggers and I think people ought to learn how to filter out false news from the real ones and learn how not to rush in the crypto space but rather take our time to observe and make right decisions so as not to fall victim of any false news.
Op I would have given you a plus one but I guess I will reserve it for a more better time. Good luck

[tbterryboy]

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.

Luckily not all are like that. And maybe the OP is one of it. This is why he came up with such question. There are people who likes to rush but they do it on other activities instead, like for example in playing a gambling inside a casino, and not through crypto investing and trading.

I think that is more applicable since the results there are much faster. And there is no learning curve on them. But for crypto investing and trading, there are. And if you don't learn them, your chance of failing is very high. Shorting is one of the ways to earn in the crypto field but I think not all who does them are the type of people that we talked about earlier.

[Lantind]

It is a matter of the temptation of profit, in the form of investment, profit is the end result. Sometimes they will sell to take profits when they feel the pumps are working well enough. So they exit with their money. Sometimes being pragmatic in that way is good for one person and vice versa for another. Personally, even though I wanted to escape when the bull run started, being greedy was more of a problem and got stuck there. lol

When someone decides to invest, of course they want to make a profit from what they have invested and everyone has a profit target and also a way of looking at the market, there are those who take profits after they see price movements in a high direction and there are those who analyze the market and wait for appropriate profits. with what they are targeting.

Of course, we must be able to avoid greed in investment if we don't want what we have invested to be able to enjoy when the profits have come, because if we are greedy in the investments we make, of course we will miss out on the profits we have made in the hope that the price will be even higher. In the future, it is very important that we continue to decide things with the understanding we have and in a situation that is not rushed.

[radjie]

  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.

For ordinary people, it is very easy to be tempted to gain profits from crypto, they only see the fantastic prices when they increase, without understanding and analyzing them independently.  Therefore, it is no longer strange that most people lose money on the investments they make in crypto, mostly from beginners who only follow booming investment trends.
However, crypto certainly provides opportunities for anyone regardless of class, the most important thing is not to easily believe information obtained from one social media source before finding out more before deciding to start investing in any type of crypto, especially newly launched projects.

[Baki202]

People who know exactly how to manage their investments before bull run were not desperate enough to rush and gain profit in crypto. But for those who are here for greed and nothing else, once they see potentials to be in profits, they will eventually grab for it even selling when it’s not actually bull run yet. And I think we don’t have control over them if that will be their mindset but we can always educate them not to take the rush because bitcoin price will eventually grow more when the real bull run hits the market.

Bitcoin has a way of misleading the market, and sometimes when you buy, the price drops. I'm not sure how it is for everyone, but I suppose those with experience should not have problems with the market being controlled. When I have bitcoin, I simply lose all of my imagination. We've all had the impression that when you invest, your mind will be completely focused on the profit, but investing in bitcoin isn't like that.

And I will not condemn those who sell when they make a profit without waiting for a bull run. Selling when you make a profit is part of trading. And everyone has a different perspective on their assets.

Crypto has been seen and told to people to be a get rich scheme, although its not true, people have decided to go ahead with the narrative and just keep exposing their resources to maximum risk.
I this meone has to change the narrative for them cos its an obvious lie

It is actually an investment that will make you wealthy, but not on your own schedule. Because there are numerous occupations, you will earn from bitcoin rather than just a bull run. I have noticed that bitcoin works with news, and whenever there is great news, the price of bitcoin rises. So, once you've invested in Bitcoin, you'll need to understand how to navigate the market. And aside what people will tell you also have knowledge of what you going into to know wether you can do it or not.

[Z390]

It's not easy to be a winner in crypto space, you need a lot of patience, but some times we run out of patience, newbies especially, they will get tired easily because they have no idea how crypto market used to performing in every four years cycle, this reminds me of a friend who sold everything when the bull market is like 6 months away, he gave up too soon in 2020 and every changed in 2021, this is someone who have been holding since 2018, but because he had no past crypto experience he thought that no more bull market is coming.
To become a successful holder in crypto space you must have a lot of money flow that will keep your mind in a positive attitude,  lack of money is why many investors get tired, ask yourself this, if Bull market takes another two years will you be able to survive without the money you invest in crypto? As a crypto investor if this upcoming bull market takes another few years I can survive and do very well without crypto money, because I have other means of making money, even before I came to know about crypto.

I can't ever go hungry because I am from a family of farmers, everything I eat is from my farm land and I make money selling to the public too, I have been doing this from young age, if anything happened to crypto I will still do very well for myself, this was even how I am able to have lot of money in Bitcoin, source of income is a must to be a successful long term holder.

[Rufsilf]

It is true that some people are drawn to the idea of generating quick money with cryptocurrencies, which increases their vulnerability to fraud. being aware that social media manipulation is a common tactic used by scammers to trick and mislead people these days. As you mentioned, they may create a sense of pressure, use persuasive strategies, or give misleading information to deceive people into acting rashly or disclosing private information. I believe that greed may be the driving force behind people's actions, like their rash attempts to benefit from cryptocurrencies without conducting enough study.
I'm talking about how the prospect of huge profits and great returns can occasionally cloud people's judgment and cause them to act rashly.  Naturally, fraudsters take advantage of this greed by presenting investment possibilities that look too good to be true or unrealistic returns.
 
 Since cryptocurrency markets are known for their volatility and the possibility of significant price jumps, I also believe that fear of missing out plays a role. People may therefore rush to invest without doing adequate research or realizing the hazards involved out of a fear of missing out on the big profits others are making. I believe this type of thinking is typical among certain people.

[Rayan Oscar]

[quote author=Youngkhngdiddy link=topic=5482696.msg63546597#msg63546597 date=1706033971
   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.
[/quote]

People shouldn't be too enthusiastic on the coming bull run. Rather engage more in research to find out the best crypto asset to hold on with Bitcoin.

Scammers are working and researching tirelessly to make sure they brain wash you so you too research to know what they know already to defend yourself against their
knowledge. And don't forget to invest what you can afford to loose Incase.

[abel1337]

It is true that some people are drawn to the idea of generating quick money with cryptocurrencies, which increases their vulnerability to fraud. being aware that social media manipulation is a common tactic used by scammers to trick and mislead people these days. As you mentioned, they may create a sense of pressure, use persuasive strategies, or give misleading information to deceive people into acting rashly or disclosing private information. I believe that greed may be the driving force behind people's actions, like their rash attempts to benefit from cryptocurrencies without conducting enough study.
I'm talking about how the prospect of huge profits and great returns can occasionally cloud people's judgment and cause them to act rashly.  Naturally, fraudsters take advantage of this greed by presenting investment possibilities that look too good to be true or unrealistic returns.
 
 Since cryptocurrency markets are known for their volatility and the possibility of significant price jumps, I also believe that fear of missing out plays a role. People may therefore rush to invest without doing adequate research or realizing the hazards involved out of a fear of missing out on the big profits others are making. I believe this type of thinking is typical among certain people.

Yep it's common here on crypto space. I believe that there are a lot of people thinking the crypto is a quick money machine, with the current trend of airdrops and with the lucrative rewards in it, no wonder why people who has no idea of how cryptocurrency is hooked just because on how lucrative the space is. Of course scammers will utilized the opportunity that there are still a lot of potential victims, a lot of influencers and social media promotors where used to promote scams. Social media now is a good marketing platform but it is sad to say that scammers are not new to social media that they can make people think they are legit.

This is why gaining knowledge on crypto is important, imagine there are people who has a lot of experience on cryptocurrency but still getting scammed by innovative scammers.

[ancafe]

Crypto has been seen and told to people to be a get rich scheme, although its not true, people have decided to go ahead with the narrative and just keep exposing their resources to maximum risk.

No one is able to reject news published on social media, but very few people are able to verify the news with accuracy. In recent years we have heard about fraud involving forex and this has happened to many people who want big profits from small capital. Without us realizing it, crypto gets dragged into it so that a narrative of fraud emerges for those who don't fully know the causes of the fraud, therefore there is a need for verification before people actually get involved in it.

I this meone has to change the narrative for them cos its an obvious lie

Recognize the lies and avoid get-rich-quick schemes with small capital because now there is no way to get richer by placing small capital in crypto. Even people who get involved in bitcoin using small funds do not get rich quickly, especially when it comes to other cryptos.