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Author Topic: Why are people getting scared to Trade  (Read 1332 times)
Best-mary (OP)
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February 12, 2024, 09:37:03 PM
Last edit: February 13, 2024, 10:20:33 AM by Best-mary
 #1

Lately, I have noticed in most crypto groups I'm in,  many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.

Edit

So, like I said earlier I'll do some research about this and I realised that most of you are right. I just discovered that there are many ways people make money out of events, I wasn't too diverse at first before I posted earlier but now I understand.

Judging from these two links the first one is still ongoing while the second one finished last year. So it seems there are different ways to get money in a simple term and be safe with your assets not necessarily mean you must trade especially if you're using a cex

https://medium.com/@fortunedivine04/spin-win-on-bitget-your-ticket-to-exciting-rewards-46b72a605d75

https://www.bybit.com/en/promo/events/earn-carnival

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February 12, 2024, 09:44:58 PM
 #2

The reason why you don’t see many people venturing into trading most especially the future trading is the fact that it actually needs two things. One is the substantial knowledge on technical analysis and fundamental analysis, and the other is capital. Trading is regarded as gambling by some and for you to earn from it you have to have your own capital to start off. Just like you said many of those people that venture into hunting for airdrops are those that do not have the capital or aren’t even ready to risk there funds into it, so they result in just investing alone

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February 12, 2024, 09:52:08 PM
 #3

The reason why you don’t see many people venturing into trading most especially the future trading is the fact that it actually needs two things. One is the substantial knowledge on technical analysis and fundamental analysis, and the other is capital. Trading is regarded as gambling by some and for you to earn from it you have to have your own capital to start off. Just like you said many of those people that venture into hunting for airdrops are those that do not have the capital or aren’t even ready to risk there funds into it, so they result in just invest alone

But most of these events or airdrops do require some trading experience and capital

Or is it because these activities most times give the benefit of each member working as a team or something. You know, I haven't researched through this to know why people do this more as a curious person I'm. I think that's what I do before today ends

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February 12, 2024, 09:53:17 PM
 #4

Lately, I have noticed in most crypto groups I'm in,  many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.
Trading does require capital and to those people whom you do see that engaged on airdrops and other those giveaways might really dont have any capital to start with but well we do know that
not all could be able to bare up with the risks involved with trading on which i couldnt blame them since its never been that easy in the first place. This is why it would really be that best that
once you have decided on touching up trading then you should really be that wary on the risks involved of it so that you wont really be that expecting or being too optimistic with it
on which we know that this isnt something that you could be able to assure whether it would really be happening or not.

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February 12, 2024, 09:55:31 PM
 #5

Lately, I have noticed in most crypto groups I'm in,  many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.
Well OP trading is not something one should merely flinch into like that, trading comes with a lot of specialties and I will say your knowledge and wisdom come first above all, trading is a very professional profitable investment it has also helped so many people in one way or another, see op telling you little from my experiences in trading when I was a newbie in trading it felt like me given up but as time went by I started to understand the concept of it steps by step and I obtained to were I am now, I guess trading can not truly yield significant profits
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February 12, 2024, 10:06:57 PM
 #6

The reason why you don’t see many people venturing into trading most especially the future trading is the fact that it actually needs two things. One is the substantial knowledge on technical analysis and fundamental analysis, and the other is capital. Trading is regarded as gambling by some and for you to earn from it you have to have your own capital to start off. Just like you said many of those people that venture into hunting for airdrops are those that do not have the capital or aren’t even ready to risk there funds into it, so they result in just investing alone
Initially the objective of everyone who is into cryptocurrency investment is to make profit, and in normal circumstances their is some certain things you need to involve yourself into and thing's you don't need to involve yourself when you know that have not understand the full concepts or theories of it, basically, trading involves skills and when you have not acclimatise with its protocols you will not be successful, its not only the capital that's is setback to whosoever that wants to venture into it, some have already know the implications of trading when you have not understand it's concepts and analysis before venturing into it.

Trading can make away your funds when you lacks the knowledge of trading, you buy coin and hold for short-term or long-term and you might make profit depending the duration and your timing, whereas in trading it also have timing but it can take off your capital within a space of time, so in nutshell, what I'm saying is that even the analysis of trading can also caused you a loophole in trading when you have not understand the concepts.

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February 12, 2024, 10:19:07 PM
 #7

Lately, I have noticed in most crypto groups I'm in,  many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.

Hmm, Seems like this is kind of a serious issue, so what I think the funny answer is that people are afraid of losing money also this is my tip for those who are new and trying their luck in trading based on the motivational videos and Insta + Telegram signal sellers that they should need to be scared of trading..

On the serious side, buddy what I think is even after losing some people try to stick to the market but just get scared becasue they don't know let me explain how to consider someone dropped you in the ocean no matter how far you are from the land you have specific resources and you've already wasted some of them now can you feel the scariness of he matter that is why people get scared of trading becasue they don't have guidance, from where to start what to learn first what to practice and many things like that.

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February 12, 2024, 10:31:19 PM
 #8

Lately, I have noticed in most crypto groups I'm in,  many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.
Maybe yes.

You don't have to face your fear if there are some other alternative routes that you can go. And with those people that are going with airdrops and bounties, that's what they've chosen as a path to go on.

Everyone can choose their own ways in earning on this market. If you are good in trading then choose to trade and do other things as well. But if you don't want to trade then choose the other limits that you can do.

It becomes an advantage when you want to trade and that's why it's a good choice to go on to with other ways that you're free to do too.

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February 12, 2024, 10:39:10 PM
 #9

there are no people who are afraid of trading, try to see in coinmaketcap the transaction volume of large trading volumes. and every day the trading volume is getting bigger, it indicates that people are not afraid of trading. about people participating in airdrop bounties etc. it's a common thing to increase the source of income bigger and more not because of fear.

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February 12, 2024, 10:54:24 PM
 #10

These people are probably aware that there is high risk of losing from trading. They don't have the courage to trade knowing they failed to acquire the necessary knowledge and experience that trading needs.

Trading is a profitable activity and a lot of successful traders have been living their success already. For those who don't trade, aside from lack of knowledge and experience, it might be that they are still not ready to lose so they try to avoid trading as much as possible.

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February 12, 2024, 11:02:48 PM
 #11

Lately, I have noticed in most crypto groups I'm in,  many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.
Maybe yes.

You don't have to face your fear if there are some other alternative routes that you can go. And with those people that are going with airdrops and bounties, that's what they've chosen as a path to go on.

Everyone can choose their own ways in earning on this market. If you are good in trading then choose to trade and do other things as well. But if you don't want to trade then choose the other limits that you can do.

It becomes an advantage when you want to trade and that's why it's a good choice to go on to with other ways that you're free to do too.

Making sense, I'm still making more research on all these other activities yea because I know vividly there are some task or bounties that requires you to trade in other to gain from it. I think maybe there's a higher chance of making more profit in it. Same goes to Airdrop, there are some airdrop task you did have to pay a good amount of money to higher percentage when the token gets launched.

Is kind of complicated

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February 12, 2024, 11:06:57 PM
 #12

These people are probably aware that there is high risk of losing from trading. They don't have the courage to trade knowing they failed to acquire the necessary knowledge and experience that trading needs.

Trading is a profitable activity and a lot of successful traders have been living their success already. For those who don't trade, aside from lack of knowledge and experience, it might be that they are still not ready to lose so they try to avoid trading as much as possible.

But do we know there's a high risk of getting our wallets or exchanges compromised when going for free airdrop. Like clicking links that are phishing, not knowing these, could drop some dangerous malware in our system that's ready to attack us when ever we login into our wallet. I think this should be noted too

Crypto is just a jungle that has a lot of risk regardless

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February 12, 2024, 11:28:08 PM
 #13

These people are probably aware that there is high risk of losing from trading. They don't have the courage to trade knowing they failed to acquire the necessary knowledge and experience that trading needs.

Trading is a profitable activity and a lot of successful traders have been living their success already. For those who don't trade, aside from lack of knowledge and experience, it might be that they are still not ready to lose so they try to avoid trading as much as possible.

But do we know there's a high risk of getting our wallets or exchanges compromised when going for free airdrop. Like clicking links that are phishing, not knowing these, could drop some dangerous malware in our system that's ready to attack us when ever we login into our wallet. I think this should be noted too

Crypto is just a jungle that has a lot of risk regardless
I tend to agree with the line that I highlighted above.
It's full of risk everywhere in crypto, so it has a great advantage for those people who are knowledgeable enough on this field which we know as a battleground of us.

Don't use a non-reputable exchange in the first place if you join airdrop because IMO, airdrop now isn't worth it and most of them are the root of scams.  Trading isn't always a way of making a profit, sometimes there's frequently loss just to learn in trading.
So they might be afraid because they aren't yet ready for trading.

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February 12, 2024, 11:33:54 PM
 #14

Maybe yes.

You don't have to face your fear if there are some other alternative routes that you can go. And with those people that are going with airdrops and bounties, that's what they've chosen as a path to go on.

Everyone can choose their own ways in earning on this market. If you are good in trading then choose to trade and do other things as well. But if you don't want to trade then choose the other limits that you can do.

It becomes an advantage when you want to trade and that's why it's a good choice to go on to with other ways that you're free to do too.

Making sense, I'm still making more research on all these other activities yea because I know vividly there are some task or bounties that requires you to trade in other to gain from it. I think maybe there's a higher chance of making more profit in it.
Yeah, there are airdrops that require you to do test net and add liquidity to their platform. I've seen a lot of people that have took the risk there shared their sweet profits. It's not always happening but many of them that I've seen really made well.

And that's part of it nowadays that you're required to spend some money for you to get better rewards. But this is not always victory remember that.

Same goes to Airdrop, there are some airdrop task you did have to pay a good amount of money to higher percentage when the token gets launched.

Is kind of complicated
That's actual investing and if it's part of the task that you want to pursue, then you are making yourself one of the early investors of that project. As I've said, not all of them are going to be successful.

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February 12, 2024, 11:51:02 PM
 #15

These people are probably aware that there is high risk of losing from trading. They don't have the courage to trade knowing they failed to acquire the necessary knowledge and experience that trading needs.

Trading is a profitable activity and a lot of successful traders have been living their success already. For those who don't trade, aside from lack of knowledge and experience, it might be that they are still not ready to lose so they try to avoid trading as much as possible.
Of course, those who do not dare to face the risk of losses from the trading they do will never try to trade because they will not understand the knowledge about trading well and this will also make them not have the courage to try trading.

Those who have achieved success in trading have had a lot of experience and also understand trading well and those who have not tried it certainly do not have the courage to try it and also they do not want to learn so they will never try to trade.
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February 13, 2024, 04:47:25 AM
 #16

These people are probably aware that there is high risk of losing from trading. They don't have the courage to trade knowing they failed to acquire the necessary knowledge and experience that trading needs.

Trading is a profitable activity and a lot of successful traders have been living their success already. For those who don't trade, aside from lack of knowledge and experience, it might be that they are still not ready to lose so they try to avoid trading as much as possible.

But do we know there's a high risk of getting our wallets or exchanges compromised when going for free airdrop. Like clicking links that are phishing, not knowing these, could drop some dangerous malware in our system that's ready to attack us when ever we login into our wallet. I think this should be noted too

Crypto is just a jungle that has a lot of risk regardless
I tend to agree with the line that I highlighted above.
It's full of risk everywhere in crypto, so it has a great advantage for those people who are knowledgeable enough on this field which we know as a battleground of us.

Don't use a non-reputable exchange in the first place if you join airdrop because IMO, airdrop now isn't worth it and most of them are the root of scams.  Trading isn't always a way of making a profit, sometimes there's frequently loss just to learn in trading.
So they might be afraid because they aren't yet ready for trading.

Yup, the "don't use non-reputable exchange" is a great input you got there. I have stressed enough that researching on exchange to use is very paramount. The good we can do ourselves is to research these exchanges before using them.

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February 13, 2024, 05:53:23 AM
 #17

Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.
Yes, airdrops are like additional money. No one throws away extra cash and that's what those you're alluding to are doing. They're putting more effort into engaging in it now. I don't think it's because they're scared of trading. Again, you've to realize that chasing airdrops is time consuming as there are zealy tasks to be done on them to qualify for getting airdropped tokens. You don't want to be distracted trading on Futures while chasing airdrops. Only those who can manage their time very well can multitask on it. Well, if the trader decides to go on Spot trading that should be very easy; almost like on autopilot. Just buy Bitcoin at correction and leave it till last quarters on this year or first quarters of 2025 to take profit. That's a simple way of trading it. Shorting Bitcoin now, no matter the dump anyone foresees, can lead to losses. Stay away from shorting it.

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February 13, 2024, 07:28:27 AM
 #18

I believe that those people have engaged in trading before and have seen how difficult it is, because as a newbie that came into the industry, they initially thought it was easy, but after some series of loses, they became afraid to give it a try.

To me it's very important that before you ventures into trading, you must go for knowledge first, so as to know how to navigate your way in the market, but they mostly skip the learning process and decided to go into the market that they know nothing about, but sometimes it is good that they will learn it the hard way, after they have been liquidated. So before venturing into trading go for knowledge first, so as to know how to navigate your way in the crypto market.

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February 13, 2024, 08:03:38 AM
 #19

Lately, I have noticed in most crypto groups I'm in,  many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.
You are curious about this simply because you might have not given it a better thought that trading is trading and not the only means to earn from the crypto world. This is just like every other facets of life, everybody cannot turn to a single line of work for the same earning purpose. For this, there are people distributed in every area of crypto where earning is possible. Even those you know who are trading might slowly be chasing airdrops, promos, bounties and other freebies in addition, it doesn't matter. It is until they tell you what they do that you know. People are doing everything possible to make this money in the crypto space, and you can be surprised that some will even combine all the possible means together just to make the money.

However, the traders that are making money are a few for obvious reasons, trading is risky, and these few are not consistent with the earnings too. So it is so discouraging. That is why they prefer where they can get free money or almost free money instead of combining their money to risky trading that can subtract their finances instead of adding to it.

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February 13, 2024, 08:34:38 AM
 #20

Lately, I have noticed in most crypto groups I'm in,  many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.
Well its nothing wrong on participating on airdrops especially if its gonna give you a lot of potential free money or gains. Well id also do trading but simultaneously I am hunting potential airdrops for farming. Why? You generated income with that without much capital needed or indeed if needed the profits that were gonna ripped from that is maybe sometimes more than doing trading. Its not that they/we are afraid but we prefer airdrop as one of the driving force of our profitability.

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