Why the rush to gain profit in crypto?

[dderekwalcott]

The combination of volatility, FOMO, speculative behavior, regulatory uncertainty, and social influence contributes to the rush to gain profit in crypto. However, it's important for investors to approach cryptocurrency investment with caution, conduct thorough research, and consider their risk tolerance and long-term financial goals.For eg-Social media and online forums often highlight stories of individuals making significant profits from cryptocurrency investments.This can create social pressure to join the rush and achieve similar financial success.

[Dimitri94]

Some people can think Bitcoin is a life-changing opportunity and i also corroborate their thought. However, it is important to remember that investing here can lead to adversity. A bitcoin investor needs to have an idea of what are the positive aspects of investing in bitcoin and how investing in it will change his life. It's not like just invest and become rich after a few days. Time is a big deal here. But if an investor does not buy bitcoins rather invests in altcoins for getting high profits then it will be a bad decision for him. Even bigger problem for those who don't know about cryptocurrencies is that they can also fall for scammers. Of course a user first needs to have a good knowledge about cryptocurrencies.

[Nechiequ]

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.

I see it as a natural thing if bitcoin grows higher because many things affect it, especially from its supply and production, according to experts in the field of marketing, if a product is say exclusive or rare then its value (price) will be higher. So I think bitcoin can also fall into this category.

[snowpega]

There is no such scheme that can make anyone rich overnight and when we come to talk about the crypto space many consider it the scheme that can make them rich overnight haha.. These kinds of people fall prey to greed and when they see such kind of posts on social media that offer them a good amount of money for free and when they login to these ads they lose their all amount due to their foolishness like when they connect their personal wallet to these accounts their wallets will be clean wash out. So rather they are going to make good money they lose even the amount they have which is scammed by the scammers

[taufik123]

-snip-
For eg-Social media and online forums often highlight stories of individuals making significant profits from cryptocurrency investments.This can create social pressure to join the rush and achieve similar financial success.

Success stories like that are only the initial trigger to invest and enter, but they have no basis for how to invest and what to do.
People like this are easier to deceive and deceive by influencers who are looking to benefit from those who join.

Of course, remember the SBF success story aired by NAS Daily influencers, who framed it as if SBF was a very nice guy and donated all his earnings to the foundation.
But in reality, SBF is just a cunning scammer who uses their investors' money in FTX.
So don't easily believe in anything before doing research first and don't rush everything.

[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.

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.

Indeed, it's true that fraudsters constantly create new, sophisticated techniques, making it difficult for even the most experienced people to spot bogus claims.
They scam others and frequently use dishonest advertising, fake promotions, or pretend to be well-known members of the cryptocurrency community. Even though those with years of experience in cryptocurrency might have a comprehensive understanding of the subject, I believe that when confronted with alluring offers on social media, they might need to take simple security precautions or perform careful due diligence.

[Xampeuu]

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.

Indeed, it's true that fraudsters constantly create new, sophisticated techniques, making it difficult for even the most experienced people to spot bogus claims.
They scam others and frequently use dishonest advertising, fake promotions, or pretend to be well-known members of the cryptocurrency community. Even though those with years of experience in cryptocurrency might have a comprehensive understanding of the subject, I believe that when confronted with alluring offers on social media, they might need to take simple security precautions or perform careful due diligence.

They seem to be marketing, not real investors or traders, so that in an innovative way they can attract customers who don't know crypto, or even customers who already know crypto but find it difficult to make a profit. Armed with the image of being a professional trader, they can trick their prey, and unfortunately, even though it has been a long time, there are still many people who are trapped in this situation.

[Strongkored]

    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.

Taking part in the airdrop to be able to get a profit if the project turns out to be successful is not a problem in my opinion because everyone likes free money and there is no loss if it turns out the project fails. The problem is if we have to connect our wallet which contains coins that have quite good value because that will puts us at risk of loss.
Getting quick profits is more exciting than having to wait a long time and the risks are comparable. The sooner you hope to make a profit, the greater the risk of loss you will get.

[Uhwuchukwu53]

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.

Just as the cryptovator said earning money in crypto is not easy so it's. The growth in crypto, it's success, improvement made, and standard kept, hard many many jump into it, but forget to get details information about it. One thing they most have in mind is that in every advantage there must be disadvantage.scamer is the disadvantage if not been fully inform before jumping in, many shiltcoin with no value, that is not even found in the market space full the everywhere and the promoter of this coin can't tell you they not real because they are scammers eating from the losses others make,to be in safety is to avoid any investment your not fully sure once it come to deal with crypto and seek idea from some who have full knowledge.

[Vaskiy]

    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.

Taking part in the airdrop to be able to get a profit if the project turns out to be successful is not a problem in my opinion because everyone likes free money and there is no loss if it turns out the project fails. The problem is if we have to connect our wallet which contains coins that have quite good value because that will puts us at risk of loss.
Getting quick profits is more exciting than having to wait a long time and the risks are comparable. The sooner you hope to make a profit, the greater the risk of loss you will get.

Everyone feels happy to be part of successful projects and to get rewards through airdrops and other promotional campaigns. In the past, it was possible to profit from any form of project. Now things have changed, and there is a big process involved in making a project worthy. Finding a worthy project is quite hard, and it is also kind of luck when one is able to participate in an airdrop of a successful project. When we're good at having the patience to analyze and invest, the risk of losing will be less, and the beginner level of person too can turn himself successful.

[LesterD]

  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's not because people are desperate to participate in every airdrop, they are hoping to participate in a successful airdrop that legitimately pays its participants at the end of the project. However, it is true that they are often in a rush and participate without investigating the airdrop. They fear missing out on a single airdrop and wasting their time and effort completing all the tasks.

[GideonGono]

People just need to accept that crypto isn't a shortcut to be rich in just a short period of time.
Earning money was never been easy and crypto is not an exemption you need to know so many things and understand how it works in order to succeed.
You need to learn first in order to earn so it takes time don't rush things.

[Natalim]

People just need to accept that crypto isn't a shortcut to be rich in just a short period of time.
Earning money was never been easy and crypto is not an exemption you need to know so many things and understand how it works in order to succeed.
You need to learn first in order to earn so it takes time don't rush things.

Perhaps, the idea of getting instant returns and easy money is coming from social media influencers who are promoting their platform to gain attraction which also affects the mentality of greedy people. Many people have fallen into this kind of manipulating trick and failed their expectations, then blamed Bitcoin and even said it was scam stuff.

After all, many people still don't understand what is Bitcoin investment. This kind of investment is not for impatient people, not those in the rush to see results but this is for those who can afford to hold and wait for the outcomes.

[glendall]

Getting big profits requires a process not only in crypto. in business outside of crypto, it also requires patience and patience, nothing is instant, only greedy people will be easily tempted by sweet promises of actual fraud,
Basically, making a profit in crypto requires patience

[passwordnow]

The new people on this market are the ones to get that reminder. They're the ones who are rushing in profits and going on elsewhere everyone someone tells them that on the other side of the fence is always greener. They have quick judging that they shouldn't be left behind by that and for that simple words, they partake those airdrops and new project launchings because they have been shared that whoever gets first with these projects are usually the ones that will enjoy their profits soon. When someone tells them that they can basically make 100x easy instant on the bull run, that's what encouraging them to keep on doing it despite that many have told them warnings to be careful.

The lesson will be the one to teach them that they must be careful in taking part of it because once they fall to a wrong project that has an airdrop and it turns to be a scam or it just took their identities for verification processes and they've got nothing in return. Then, that's the time that they should worry that they've been joining these airdrops and giving out their identities for nothing and at the same time, they're marketed out by those projects and probably selling somewhere their IDs to another companies or scammers.

[ndutndut]

There is no such scheme that can make anyone rich overnight and when we come to talk about the crypto space many consider it the scheme that can make them rich overnight haha.. These kinds of people fall prey to greed and when they see such kind of posts on social media that offer them a good amount of money for free and when they login to these ads they lose their all amount due to their foolishness like when they connect their personal wallet to these accounts their wallets will be clean wash out. So rather they are going to make good money they lose even the amount they have which is scammed by the scammers

Yes that's right. Investment is not a get-rich-quick scheme, especially in the near future, investment requires a process and patience to achieve financial freedom in the future. But we also know that most people become rich because of investment, therefore we must know that investment is very important to build wealth for the future.

Many rich people in this world become richer because they invest over time. It must be admitted, there are many ways to achieve wealth and it can be obtained in other ways, for example by working, doing business and so on. However, using this route has limits, it is different from the wealth route from investment, it can be very large and can even exceed the usual route. So the best investment is to invest from the start, namely by mastering knowledge and not being greedy.

[oktana]

I think that no matter how long or how loud it is said, people will keep on seeing it as an avenue to make money. We’re humans and we have this greed that overrides our patience and then makes us rush in. I don’t think this is just for newbies because there are people who may have had a bad experience with a project, probably because of rushing in, but they don’t learn their lessons and keep on after the money, forgetting what had happened to them. Aside the fake influencers and all, greed is a factor.

[Humblevirus]

A lot of people who always rush into the cryptocurrency industry and think they can make a huge profit in a short period of time are the set of people who did not seek knowledge before coming to invest in the cryptocurrency industry. And if someone lacks good knowledge about something, they will have no choice but to follow those people who appear on social media claiming that they are experts. I believe if someone has good knowledge about Bitcoin and the cryptocurrency industry, they will hardly follow influencers in making their currency investment decisions, but they will be aware that they do not have expertise about cryptocurrency.and Also, greed can allow someone to follow another person's decision about their cryptocurrency investments, like they need to depend on other people's decisions because they will never be satisfied with their own decision because of their greed. They will hardly value their own knowledge but only depend on other people's decisions.
 
 
 

[wallet4bitcoin]

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.

You wouldn't blame them, you'd blame first, the people who mentor such proteges and then the rumour mongers who make it look like money hangs on trees and its just to pluck it off the tree and then make them understand that the space is sufficient enough to satisfy everyone in it and those to come.

There should be some sorth of standard for educating noobs in the space

[Smack That Ace]

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.

You wouldn't blame them, you'd blame first, the people who mentor such proteges and then the rumour mongers who make it look like money hangs on trees and its just to pluck it off the tree and then make them understand that the space is sufficient enough to satisfy everyone in it and those to come.

There should be some sorth of standard for educating noobs in the space

I will not blame the project consultants or those who spread false rumors, because it is my own fault. Because I am greedy, stupid, ignorant but like to get rich quickly. Because if I'm not greedy, don't have a get-rich-quick mindset and am always careful in everything, I will never fall into those silly traps.

If you only know how to blame projects, or blame others when you are scammed. One day you will also blame bitcoin and cryptocurrency for losing money. In any market there will be pitfalls and scams, even in the society we live in, and if you always cultivate knowledge, are always careful, and are not greedy, no one can fool you.