People with quick rich attitude always mess up with alt coins - page 2.

Pamadar

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Quote from: lienfaye on August 01, 2023, 08:23:13 PM

Quote from: Pamadar on August 01, 2023, 05:06:27 PM

That contentment with the amount that you could earn will lessen the risk. If you sell your coin during the time that you are already in profits, then you will be able to enjoy the benefits.

But if you keep trying to make more the chance that you will lose everything back is possible, whales
are good at playing with traders' emotions. They create artificial movement both with pump and dump
to make more money, better to have that contentment attitude to avoid losing your money.

That's true. Selling if you're in profit already is a wise thing to do that many investors failed to follow due to their expectation that the price might skyrocket and they don't want to miss the chance. This might be possible for meme/shitcoins to happen but it's too risky since these kind of coins don't have utility and just relying on hype.

But still, many investors are taking risk to invest hoping to gain huge in a short period. Well, it's their choice to invest in altcoins that are not established. But if you don't want to lose your money easily, take time to know what coins are worth it to invest in. Not because of hype and the possibility to soar high but because of its utility that can solve real problem. That kind of coin is a gem that can't be delisted in exchanges.

And no one can push them to whatever they believe. There's a chance that they might hit that luck and the investment
that they are involved will be sky high and give them huge profits.

It's a choice and a risk to every traders, but most of the time so-called traders who thinks that they can
easily make money inside crypto will mostly lose a lot, greed or other factors triggers that mistake and
lead them to regret after.

albon

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Quote from: Victorik on August 01, 2023, 10:14:53 AM

Besides crypto currency, people with a get rich quick mentality always end up messing up. They can do anything to get the money, not minding how they get it.

In crypto currency, people with a get rich quick mentality, are easy prey for scam.

I agree with you, the mentality of getting rich quickly, excessive greed, and lack of knowledge and sufficient experience and research is what makes most investors, especially beginners, from losing their capital either in meme coins, scam rugpull coins, or in new altcoins that do not have an expert team, and the idea of its project is imitated and not unique. and the end for these investors to mess around or get lost and retire from investing in altcoins. There are many opportunities and hidden gems in altcoins. Still, it requires experience in technical and fundamental analysis, patience, thinking, studying the currency project, and seeing reviews and recommendations from experts without rushing and doing anything reckless.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: Tipstar on August 01, 2023, 07:46:41 AM

Quote from: krishnaverma on May 10, 2023, 09:56:31 AM

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.

By human nature people are attracted to high earnings potentials and are ready to risk their money for it. Some even lose more than they are capable of. The reality are hard learned by losing and there's no learning in altcoins. Missing out is another thing people regret about, so the best way is to take the middle path and invest small amount in multiple projects you believe could moon x10 or x100 in upcoming days. It's surely risky but there are some strategies to be on the safer side while trying not to miss on the hype though.

Better to miss the hype than get in and force yourself to follow it. it is very risky to follow an Altcoin that has high hype, while we still want to enter. There are lots of altcoins to choose from that can earn x10 or x100, but it depends on how the project works. It's hard to find projects that will actually be developed, most of the projects that appear are only controlled by scammers. invest some of the money you can afford to lose, who enters first will get profits and losses, no one can predict exactly.

lienfaye

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Quote from: Pamadar on August 01, 2023, 05:06:27 PM

That contentment with the amount that you could earn will lessen the risk. If you sell your coin during the time that you are already in profits, then you will be able to enjoy the benefits.

But if you keep trying to make more the chance that you will lose everything back is possible, whales
are good at playing with traders' emotions. They create artificial movement both with pump and dump
to make more money, better to have that contentment attitude to avoid losing your money.

That's true. Selling if you're in profit already is a wise thing to do that many investors failed to follow due to their expectation that the price might skyrocket and they don't want to miss the chance. This might be possible for meme/shitcoins to happen but it's too risky since these kind of coins don't have utility and just relying on hype.

But still, many investors are taking risk to invest hoping to gain huge in a short period. Well, it's their choice to invest in altcoins that are not established. But if you don't want to lose your money easily, take time to know what coins are worth it to invest in. Not because of hype and the possibility to soar high but because of its utility that can solve real problem. That kind of coin is a gem that can't be delisted in exchanges.

JeffBrad12

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Quote from: bussybuddy on August 01, 2023, 12:12:38 PM

Quote from: krishnaverma on May 10, 2023, 09:56:31 AM

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.

A quick and thoughtless working attitude towards any area of life can lead to failure, not just cryptocurrencies.

In life, building dependable practice often requires patience, dedication, and a long process. Learning, honing skills and experience, networking, and working hard are all important ingredients for certain success. The same goes for investing in cryptocurrencies, both of which require an understanding of the job security of the market and growth potential, weighing risks, and wise financial management.

Accumulating improvement and success in life is not a random act of risk, but the result of a long process that requires careful preparation and proper planning.

this one is true, rarely i see some half assed products would be successful in the long term, let alone gaining massive growth within decades into the future.
this is why with altcoins thats quite volatile, even though we gonna get news about some people quite literally turning their measly money into some high amount of money by just investing in altcoins.
its honestly only fraction of what happened to the whole community that revolve around investing in that coin in general, only 1 out of 10,000 gonna be getting all the rewards.
meanwhile the late comer will definitely become food for these early birds.

Pamadar

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Quote from: doomloop on August 01, 2023, 07:39:09 AM

Quote from: Pamadar on July 30, 2023, 04:32:13 PM

Quote from: SUPERSAIAN on July 29, 2023, 01:09:28 PM

Yes, that's what I did when I was a novice. When an altcoin started to rise a lot, I had the psychology of not being able to make a profit. I remember a little about what Safemoon did, and it's pretty doubtful that it will ever happen again. At times, some tokens get pretty much inflated by whales. Like I said, they may not always do this. Too much greed in altcoins causes loss of money, this has always been so.

Following that movement will also let to fall into a trap, thinking that you will be making a decent amount of profits without knowing that the whales are just playing around.

Always have that mindset to do your research and balance the possibility of making money over losing it
with each trading or investment participation that you are doing, make sure that you have that time to
continue learning and not being attached to a quick money process that mostly being misunderstood.

Greed makes us lose money, it's as simple as that. We can always get some profit and exit the market even if the whales are playing around, but only if we don't get greedy and start thinking that we will get more profit and exit at the right time before the price starts to crash again, but that doesn't happen because it is not possible for anyone to perfectly time the market and on top of that, how would we know if the whales have already got what they wanted and now they will dump the market?

So it is always better to simply sell and exit when you are already in profit if you are trading altcoins, because if you didn't exit at the right time and it starts crashing, you won't be able to get any profit and you might even end up losing some of your invested capital if you don't sell quickly.

That contentment with the amount that you could earn will lessen the risk. If you sell your coin during the time that you are already in profits, then you will be able to enjoy the benefits.

But if you keep trying to make more the chance that you will lose everything back is possible, whales
are good at playing with traders' emotions. They create artificial movement both with pump and dump
to make more money, better to have that contentment attitude to avoid losing your money.

bussybuddy

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Quote from: krishnaverma on May 10, 2023, 09:56:31 AM

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.

A quick and thoughtless working attitude towards any area of life can lead to failure, not just cryptocurrencies.

In life, building dependable practice often requires patience, dedication, and a long process. Learning, honing skills and experience, networking, and working hard are all important ingredients for certain success. The same goes for investing in cryptocurrencies, both of which require an understanding of the job security of the market and growth potential, weighing risks, and wise financial management.

Accumulating improvement and success in life is not a random act of risk, but the result of a long process that requires careful preparation and proper planning.

uneng

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Quote from: Tipstar on August 01, 2023, 07:46:41 AM

Quote from: krishnaverma on May 10, 2023, 09:56:31 AM

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.

By human nature people are attracted to high earnings potentials and are ready to risk their money for it. Some even lose more than they are capable of. The reality are hard learned by losing and there's no learning in altcoins. Missing out is another thing people regret about, so the best way is to take the middle path and invest small amount in multiple projects you believe could moon x10 or x100 in upcoming days. It's surely risky but there are some strategies to be on the safer side while trying not to miss on the hype though.

That is actually a primarly mistake from newbies and laymen to invest in such altcoins just because they are pumping 100% in short periods of time. However, I think everyone has already been on that position before, maybe not exactly inside crypto market, but on another situations of their lives. The important here is to learn with our mistakes and to understand the mechanics of the market to prevent repeating them again later.

Greedy investors may find it difficult, but if they really aim positive returns on long term, they don't have any other choice.

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Quote from: Victorik on August 01, 2023, 10:14:53 AM

Besides crypto currency, people with a get rich quick mentality always end up messing up. They can do anything to get the money, not minding how they get it.

In crypto currency, people with a get rich quick mentality, are easy prey for scam.

Everyone that has that mentality are potential victims of these scams.

That's why they're being taken advantage and true that becomes a prey from these scammers. If they don't change for the better, the experience that they'll have from having this mindset will have them learned the hardest possible way.

So, you gotta get into the natural process of how it's like to earn not just from altcoins but also in real life and side hustles. It's a process that one has to be taken without rushing.

Victorik

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Besides crypto currency, people with a get rich quick mentality always end up messing up. They can do anything to get the money, not minding how they get it.

In crypto currency, people with a get rich quick mentality, are easy prey for scam.

Tipstar

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Quote from: krishnaverma on May 10, 2023, 09:56:31 AM

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.

By human nature people are attracted to high earnings potentials and are ready to risk their money for it. Some even lose more than they are capable of. The reality are hard learned by losing and there's no learning in altcoins. Missing out is another thing people regret about, so the best way is to take the middle path and invest small amount in multiple projects you believe could moon x10 or x100 in upcoming days. It's surely risky but there are some strategies to be on the safer side while trying not to miss on the hype though.

doomloop

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Quote from: Pamadar on July 30, 2023, 04:32:13 PM

Quote from: SUPERSAIAN on July 29, 2023, 01:09:28 PM

Yes, that's what I did when I was a novice. When an altcoin started to rise a lot, I had the psychology of not being able to make a profit. I remember a little about what Safemoon did, and it's pretty doubtful that it will ever happen again. At times, some tokens get pretty much inflated by whales. Like I said, they may not always do this. Too much greed in altcoins causes loss of money, this has always been so.

Following that movement will also let to fall into a trap, thinking that you will be making a decent amount of profits without knowing that the whales are just playing around.

Always have that mindset to do your research and balance the possibility of making money over losing it
with each trading or investment participation that you are doing, make sure that you have that time to
continue learning and not being attached to a quick money process that mostly being misunderstood.

Greed makes us lose money, it's as simple as that. We can always get some profit and exit the market even if the whales are playing around, but only if we don't get greedy and start thinking that we will get more profit and exit at the right time before the price starts to crash again, but that doesn't happen because it is not possible for anyone to perfectly time the market and on top of that, how would we know if the whales have already got what they wanted and now they will dump the market?

So it is always better to simply sell and exit when you are already in profit if you are trading altcoins, because if you didn't exit at the right time and it starts crashing, you won't be able to get any profit and you might even end up losing some of your invested capital if you don't sell quickly.

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There are altcoins that provide better profit against bitcoin. However the risk is high as bitcoin hold the track record whereas altcoins were of expectation and nothing assured. Some get lucky to invest on altcoins that give quick return on the investment and makes people rich. When we're into altcoins we should be ready to make quick decisions, because the fluctuations take place in large scale and in no time.

Good is to go with the leading altcoins or with the little priced altcoins that are much into discussion and have good growth expectancy. While trying with new coins it is good to spend what one can afford to loss as like gambling.

Pamadar

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Quote from: SUPERSAIAN on July 29, 2023, 01:09:28 PM

Yes, that's what I did when I was a novice. When an altcoin started to rise a lot, I had the psychology of not being able to make a profit. I remember a little about what Safemoon did, and it's pretty doubtful that it will ever happen again. At times, some tokens get pretty much inflated by whales. Like I said, they may not always do this. Too much greed in altcoins causes loss of money, this has always been so.

Following that movement will also let to fall into a trap, thinking that you will be making a decent amount of profits without knowing that the whales are just playing around.

Always have that mindset to do your research and balance the possibility of making money over losing it
with each trading or investment participation that you are doing, make sure that you have that time to
continue learning and not being attached to a quick money process that mostly being misunderstood.

SUPERSAIAN

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Yes, that's what I did when I was a novice. When an altcoin started to rise a lot, I had the psychology of not being able to make a profit. I remember a little about what Safemoon did, and it's pretty doubtful that it will ever happen again. At times, some tokens get pretty much inflated by whales. Like I said, they may not always do this. Too much greed in altcoins causes loss of money, this has always been so.

JeffBrad12

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Quote from: bbcolex on July 25, 2023, 02:49:34 AM

people with a quick-rich attitude often end up making mistakes when dealing with altcoins. The volatile nature of the cryptocurrency market requires careful research and a long-term investment mindset to navigate successfully.

those research and long term investment mindset become somewhat useless when people are so hellbent on investing in something that so volatile it disregards common sense.
the people with quick rich attitudes are usually know that the thing they invested in are generally shit, but they still go ahead and invest in it because they wanna become rich quick.
therefore even if they did some research, it will all gone to drain because they just don't really make decision based on the research that they did.
so basically these aren't even relevant when it comes to these people with get rich qucik attitudes.

Pamadar

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Quote from: abel1337 on July 28, 2023, 09:11:12 AM

Quote from: QueenVera on July 28, 2023, 03:56:41 AM

Quote from: Sebas.tian on July 26, 2023, 11:52:24 PM

I agree with you OP, think twice before investing in any particular altcoins will really help you to go a long way to be a successful investors that will remain in profits making without experience any losses from his or her altcoins investment. Since I started exercise patience to watch the price of altcoins very well before I buy and hold, it has been helping me to grow financially and materially in my investment because it is difficult for me to invest in a coins that will not bring good results at the end of the investment. Now that the price of altcoins is still waving in the market, it will be a good thing to invest in a potential altcoins that will put smile on your face when the price increase higher soon.

There are many altcoins in the cryptocurency market that can put a smile on your face, For so long Altcoins has been putting smiles on people faces as it has been giving people profits and also altcoins has been making people go broke. Everything depends on how lucky you're with your investment choices because the same altcoins that put a smile on your face can make another person to cry.
Example, Luna and Solana made many people millions in 2021 and also took that million from others in 2022 when it crashed and Solana dumped due to the impact from the FTX collapse. Before investing into any altcoins, do your research properly because some altcoins are just a death trap waiting for who is dumb enough to invest into to, don't invest because if hype do some research.
You can only know that an altcoins is a bad investment when you do your research, you look at the teams behind the project, the community to know if it's full of just moon boys, people that are paid to shill the project in their telegram group and on social media. You also look at the road map and tokenomics of the project, if something doesn't look right then the project is a scam.

It's simply how the market works. Negative news can provide downtrend charts and positive news can result to an uptrend. With the things that happened on LUNA and FTX are major signs of bear market. You might think it's a death trap but majority of the altcoins during the bear market really falls heavily as we see from the recent altcoins on the bear market. Somehow we can predict where do an altcoin value can go depending on the season and no matter how good that project are. One factor that made altcoin good is the possible large profit you can get from it when the bull season arrives. There are so many altcoins that has a potential in the market, we just need to find and acquire those by doing proper research.

Whatever the news brings to the market, there's always a corresponding impact,

And you are right about Luna and FTX. There are traders and investors who are holding for a while who being
move by that crashedand even they are not just focusing on Luna and FTX,

the fear that it will shake everything dominated and made them to sell out with a huge loss,
like you said, it's timing and good anticipation, without that, you might experience more losses
inside this market.

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Quote from: QueenVera on July 28, 2023, 03:56:41 AM

Quote from: Sebas.tian on July 26, 2023, 11:52:24 PM

I agree with you OP, think twice before investing in any particular altcoins will really help you to go a long way to be a successful investors that will remain in profits making without experience any losses from his or her altcoins investment. Since I started exercise patience to watch the price of altcoins very well before I buy and hold, it has been helping me to grow financially and materially in my investment because it is difficult for me to invest in a coins that will not bring good results at the end of the investment. Now that the price of altcoins is still waving in the market, it will be a good thing to invest in a potential altcoins that will put smile on your face when the price increase higher soon.

There are many altcoins in the cryptocurency market that can put a smile on your face, For so long Altcoins has been putting smiles on people faces as it has been giving people profits and also altcoins has been making people go broke. Everything depends on how lucky you're with your investment choices because the same altcoins that put a smile on your face can make another person to cry.
Example, Luna and Solana made many people millions in 2021 and also took that million from others in 2022 when it crashed and Solana dumped due to the impact from the FTX collapse. Before investing into any altcoins, do your research properly because some altcoins are just a death trap waiting for who is dumb enough to invest into to, don't invest because if hype do some research.
You can only know that an altcoins is a bad investment when you do your research, you look at the teams behind the project, the community to know if it's full of just moon boys, people that are paid to shill the project in their telegram group and on social media. You also look at the road map and tokenomics of the project, if something doesn't look right then the project is a scam.

It's simply how the market works. Negative news can provide downtrend charts and positive news can result to an uptrend. With the things that happened on LUNA and FTX are major signs of bear market. You might think it's a death trap but majority of the altcoins during the bear market really falls heavily as we see from the recent altcoins on the bear market. Somehow we can predict where do an altcoin value can go depending on the season and no matter how good that project are. One factor that made altcoin good is the possible large profit you can get from it when the bull season arrives. There are so many altcoins that has a potential in the market, we just need to find and acquire those by doing proper research.

QueenVera

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Quote from: Sebas.tian on July 26, 2023, 11:52:24 PM

I agree with you OP, think twice before investing in any particular altcoins will really help you to go a long way to be a successful investors that will remain in profits making without experience any losses from his or her altcoins investment. Since I started exercise patience to watch the price of altcoins very well before I buy and hold, it has been helping me to grow financially and materially in my investment because it is difficult for me to invest in a coins that will not bring good results at the end of the investment. Now that the price of altcoins is still waving in the market, it will be a good thing to invest in a potential altcoins that will put smile on your face when the price increase higher soon.

There are many altcoins in the cryptocurency market that can put a smile on your face, For so long Altcoins has been putting smiles on people faces as it has been giving people profits and also altcoins has been making people go broke. Everything depends on how lucky you're with your investment choices because the same altcoins that put a smile on your face can make another person to cry.
Example, Luna and Solana made many people millions in 2021 and also took that million from others in 2022 when it crashed and Solana dumped due to the impact from the FTX collapse. Before investing into any altcoins, do your research properly because some altcoins are just a death trap waiting for who is dumb enough to invest into to, don't invest because if hype do some research.
You can only know that an altcoins is a bad investment when you do your research, you look at the teams behind the project, the community to know if it's full of just moon boys, people that are paid to shill the project in their telegram group and on social media. You also look at the road map and tokenomics of the project, if something doesn't look right then the project is a scam.

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I agree with you OP, think twice before investing in any particular altcoins will really help you to go a long way to be a successful investors that will remain in profits making without experience any losses from his or her altcoins investment. Since I started exercise patience to watch the price of altcoins very well before I buy and hold, it has been helping me to grow financially and materially in my investment because it is difficult for me to invest in a coins that will not bring good results at the end of the investment. Now that the price of altcoins is still waving in the market, it will be a good thing to invest in a potential altcoins that will put smile on your face when the price increase higher soon.

Topic: People with quick rich attitude always mess up with alt coins - page 2. (Read 1229 times)