Crypto industry is full of temptations

[macson]

For those with insufficient knowledge, it's easy to sell their Bitcoin and buy shitcoins, hoping for significant profits. But that could be their biggest mistake, since when they sell their Bitcoin, they're throwing away "gold" just to get "shit".

But for those who understand and believe in Bitcoin, they won't be so easily tempted by shitcoins. Since they understand that Bitcoin is more reliable in the long term than those shitcoins --- they're more confident in investing their money and letting it grow over time.

[noorman0]

That's why planning and discipline are crucial. If someone has a get-rich-quick plan from the start, they're fundamentally lacking in good intentions. Forums don't allow for the inclusion of bad advice; the problem is, people find them boring and move on to other sources promising quicker riches.

[Hamza2424]

You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

Someone on the other forum could not control his temptations but he might have done the right thing because he is regretting on why he has not sold in Dec, but there are those who sold in Dec and are happy because they saved half of their amount and now they can buy with that amount again. But those who have sold now they might not save half of their amount because bitcoin won't dump by 50% now.

But it can dump to $40k and if there occurs a war and then the tariff war and trump plans to do other things to dump the market again then bro we are going to see bitcoin eve lower than $30k but that seems impossible if we would be at $100k or $120k but we are at $60k now so it seems possible and when there is a possibility like this, it happens.

[Pi-network314159]

Hot Take: Not everyone will reach their goals in crypto.

This is not to discourage anyone. But rather to help others wake up if they’re in a trance. Members can talk all day about what you should do, what you should avoid, what you should plan for, what you should consider and etc in the forum and someone still won’t follow through. I am not saying we all should follow one basic template. I know we all have different paths but please consider that being in crypto means facing many temptations.

You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

Well life is all about risk and full of temptation. No matter what happens or how we preach about investment, everyone will not invest. Some will be procrastinators, and some will be investors, some will be Bitcoin critics and some will be investors with panic and sell mentality, some will be traders as investors in disguise. Some will be shitcoin gamblers and all that. In his journey everyone sees themselves as investors simply because Bitcoin is involved in every speach, but not all animal that leaves in the forest are wild animal.

[uchegod-21]

When talk about temptations, it is not just a mystery. Investors will have to deal with greed, fear, impatience and unnecessary distractions from news on the social media. These are all that influence all of those temptations.  If one wants to overcome the temptation of selling too quickly, he should learn to control his decisions. These decisions are psychological, so measures must be taken to control the decisions that may be made out of panic.

• the investors must have a clear duration they want to hold
• they should have a clear exit plan or rule
• they should never treat their investment like gambling. It is not always a get-rich-quick investment
• Importantly, they must be disciplined to make these rules work

The most important of all I think is to understand what you hodl at all.. Because you can be only as disciplined as is your mind due to why you do it and why it will work with X coin (BTC or not).

Yes, that's true. All of these rules will be meaningless if there is no proper understanding of the coin being held. As time goes by, especially during periods like now when the price of Bitcoin is down, doubts will begin to creep in. Once doubt sets in, discipline will be shaken. When all of this happens, people start doing the opposite of the rules they set and the plans they made. These are the ones we call weak hands. This is the reason why it is not right to invest in anything blindly just because others are investing. A research first will help make certain hidden information known.

DYOR should be applied to any coin, but while done with BTC, you never have doubts afterward, you only evolve little by little to understand why it works and why it will work in your case too.

You can be so confident in yourself when dealing with Bitcoin. But when explaining bitcoin to newbies and prospective investors, they must know that bitcoin is also risky just like altcoins. They shouldn't feel relaxed because it's bitcoin and people have said "it has proven itself over the years". Scammers still exist on the internet waiting to reap where they did not sow. Apart from Scam, there is still volatility which makes newbies panic. People who don't know bitcoin so well still doubt it. I have explained what doubt can do to an investor in one of my recent posts.

[Marykeller]

No one goes through life process on a lighter note without encountering temptations in the things they have purpose and ambition for. Temptations will be right there, to test everybody according to what they believe so much in, and if they fall to it, they will learn their lessons from it, so that they will not fall to the same temptation again, to make them regret their actions.

Bitcoin and altcoin investment, the comparison of the two in terms of profits has been there, and some people are being tempted to invest in altcoins over Bitcoin because of the profits it brings in short term, not knowing that Bitcoin can get them those profits if they invest for long term, and the altcoins they are rushing to invest in, can disappoint them

[Ryu_Ar1]

I think this goes back to choice because of course not everyone who is in bitcoin will reach a level that matches the initial goal, especially for financial problems considering the temptation will always be there but on the one hand this will also relate to our conditions and our confidence in what we are doing.

There will be a lot of people selling their assets either because they have made a profit or the worst possibility is due to panic because the situation is not as expected, but in this case we can also certainly make decisions individually in the sense that we are not dependent on the beliefs and opinions of others, Let's say there are some who sell because of their panic, it means that it indicates that they are not sure what they are doing and that clearly happens because of their own mistakes by not trying to explore their knowledge further, as well as those who try to switch to shitcoin just because they are tempted by the huge profits that can come at any time when luck comes.
The thing we need to do is just focus on what we do ourselves no matter what other people do because in this case belief becomes important and when we already believe in bitcoin I think trivial things to switch to shitcoin or even sell just because of panic it will never happen.

[icebar]

You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

Those who lack sufficient knowledge are more likely to be tempted. If ordinary people who are aware of Bitcoin are lured by a shitcoin, they will not easily sell their Bitcoin. Because they know that Bitcoin is the best in the long run. But those who do not acquire proper knowledge or are trying to invest with little knowledge can change their track with a little temptation. But this will happen in the market. As an investor, it is normal to face various situations, but if you have a specific goal, then an investor will never deviate from any temptation. The crypto market is a large platform, and it is not easy to keep yourself determine. So, it is better to get education to protect yourself in any situation.

[aylabadia05]

I am not saying we all should follow one basic template. I know we all have different paths but please consider that being in crypto means facing many temptations.

You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

We have gone through more than one trend during our time on the forum, and it is difficult to resist the temptation to trade Bitcoin for the sake of profit when buying other coins, especially shitcoins.
When it comes to risk, I might be willing to take it, but not by selling Bitcoin to buy new coins. For those who are brave enough, they might be prepared for all the risks involved, including losing money if they are too late to sell back when the price of a certain coin is trending upward.
It's better to avoid this kind of game, even though the temptation of big profits is more alluring.

[Cookdata]

Hot Take: Not everyone will reach their goals in crypto.

This is not to discourage anyone. But rather to help others wake up if they’re in a trance. Members can talk all day about what you should do, what you should avoid, what you should plan for, what you should consider and etc in the forum and someone still won’t follow through. I am not saying we all should follow one basic template. I know we all have different paths but please consider that being in crypto means facing many temptations.

You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

Learn to differentiate between path, greed and foolishness!

If you ask many people why they avoid Bitcoin as an investment and they respond honestly with you, it's going to be "Bitcoin is too expensive to make the kind of profit they are looking", that's basically why you see alot of people running after one coin to another, all for what? For quick profit they may even loss the capital investment in the long run.

If there are anything I can avoid with Altcoins it's going to be the fact that there is literally nothing they pushed for  Altcoins as Bitcoin speed. Remove speed marketing from Altcoins and they have nothing to offer than just noise. Check ethereum down to all other shit coins, it has always been speed and speed, that's all. Tell me one good reason why anyone will invest because of speed when Bitcoin literally gives you below a cent to push transactions but this is subject they avoid because they know the truth but wouldn't admit to the truth.

[FortuneFollower]

In as much as there is temptation everywhere in life, there should be in the crypto industry, that's why and what makes the industry looks interesting and entertaining, everyone must not win and everyone must not loss, so the effect of this makes it tempting to looking for more profits where the pressure will either be positive or negative.

The crypto industry has come to stay just like any other industry, whoever knows how to play the game remains at the top, whoever fails keeps learning, and so on.

People love shiny things.

They love high risk and high reward type of ratios.

And crypto provides that and so much more..

[serjent05]

Hot Take: Not everyone will reach their goals in crypto.

This is not to discourage anyone. But rather to help others wake up if they’re in a trance. Members can talk all day about what you should do, what you should avoid, what you should plan for, what you should consider and etc in the forum and someone still won’t follow through. I am not saying we all should follow one basic template. I know we all have different paths but please consider that being in crypto means facing many temptations.

You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

This is like the thought that not everyone will be successful in business, nor will they reach the pinnacle of their career.  It is very obvious that not everyone has knacks for cryptocurrency investment and not everyone is a maximalist who thinks Bitcoin is the only way for crypto enthusiasts to prosper.

Temptation is everywhere, but it is not a bad thing to diversify investment since we all believe that it is not a good thing to just put our eggs in one basket.

[Razmirraz]

Hot Take: Not everyone will reach their goals in crypto.

This is not to discourage anyone. But rather to help others wake up if they’re in a trance. Members can talk all day about what you should do, what you should avoid, what you should plan for, what you should consider and etc in the forum and someone still won’t follow through. I am not saying we all should follow one basic template. I know we all have different paths but please consider that being in crypto means facing many temptations.

You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

Temptations can come at any time, such as wanting to sell Bitcoin or buy new shitcoins. This kind of thing can arise very strongly, especially when prices are fluctuating. It is always best to avoid being part of a group of people without aspirations because that is something that some people do not want, so it is very important to have discipline and a clear strategy in investing in bitcoin. To avoid such temptations, you should always focus on long-term goals, avoid monitoring prices too often as much as possible and always learn to increase your knowledge about bitcoin. It is important to stay focused on long-term goals and not get carried away by emotions, I think that is the way to increase discipline in investing in bitcoin.

[aoluain]

Hot Take: Not everyone will reach their goals in crypto.

This is not to discourage anyone. But rather to help others wake up if they’re in a trance. Members can talk all day about what you should do, what you should avoid, what you should plan for, what you should consider and etc in the forum and someone still won’t follow through. I am not saying we all should follow one basic template. I know we all have different paths but please consider that being in crypto means facing many temptations.

You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

Not everyone has  goals for crypto/bitcoin and anyway those that do I wonder if they are realistic ones?

Temptation is everywhere and it can be beneficial given the timing. Advice is widely available and
suggested, its up to each individual to decide for themselves whether the advice available is relevant
to them and any given time.

Education is key, the more we educate ourselves the more we can make informed decisions of whether
to take the temptation and reap the rewards or listen to advice because it is beneficial to ourselves at
that given moment.

[xbetz.io]

Temptation in crypto usually comes from volatility, not opportunity. When price moves fast, people confuse movement with value. The hardest discipline isn’t holding or selling, it’s sticking to a predefined plan when emotions spike. Most losses don’t come from bad assets. They come from reactive decisions.

[Miles2006]

The word “temptation” I was expecting a different explanation, they’re certain precautions to follow necessarily to keep our investment safe if only people will learn to follow the safety guide. Buying shitcoin can be avoided viewing this is the least temptation anyone can fall into except the person in question choose shitcoin due to fast gain and it’s not guarantee totally meanwhile the level of scam practice keeps increasing so I might consider scam as one of the major hindrance to a successful portfolio, not everyone is aware of the teaching about bitcoin and in such situation ignorance can be considered another temptation. Bitcoin price movement is not also a threat, bitcoin value has been like this for long with no stable market price, selling will only make things worst.

[free-bit.co.in]

Temptation is everywhere, but it is not a bad thing to diversify investment since we all believe that it is not a good thing to just put our eggs in one basket.

This will depend on the type of asset you choose to diversify into. If you have already invested in Bitcoin, diversifying into other crypto might be a bad idea. That not only does not reduce the risk, but it could even increase it for you. Because, as we all know, the crypto market is entirely dependent on Bitcoin.

Diversification is only effective when you allocate your portfolio across different asset classes that are not highly correlated or interdependent.

[summonerrk]

We all constantly see how institutional investors and exchanges make gambling out of the world of cryptocurrencies. Take a look for yourself: for successful trading, only one tool is quite enough - alcohol trading. But now a lot of different things have been created: options, Long and short, and even a new entertainment has appeared on the Polymarket - a bet on predicting the price of bitcoin in 5 minutes. This is pure gambling because it's actually a coin flip. Any fluctuations will quickly eat up such a bet.

[henry_of_skalitz]

We all constantly see how institutional investors and exchanges make gambling out of the world of cryptocurrencies. Take a look for yourself: for successful trading, only one tool is quite enough - alcohol trading. But now a lot of different things have been created: options, Long and short, and even a new entertainment has appeared on the Polymarket - a bet on predicting the price of bitcoin in 5 minutes. This is pure gambling because it's actually a coin flip. Any fluctuations will quickly eat up such a bet.

Polymarket is the greatest example of wrapping something up and telling that it's not gambling, when, in fact, it's gambling in its purest form

[Y3shot]

Yes, the industry is full of temptation; that is why it is important for people to have understanding, because when you don't have understanding, you will fall for a lot of temptation. Knowledge is the key, and it is what drives you to do the right thing.

It controls emotions to prevent one from the fear of volatility, which can cause one to sell. The best advice for Bitcoin beginners is that before investing, it is very important to understand the market very well to avoid falling into many mistakes.