People with quick rich attitude always mess up with alt coins - page 6.

Wiwo

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Quote from: bittick on May 21, 2023, 05:25:44 PM

Quote from: Wiwo on May 18, 2023, 04:10:56 PM

Snip~

the key is always patience, i always seen someone that holds their coin dearly always make good fortune at the end of the day.
despite the fact that the coin being held is plummeting in value so long it still in the top-ranked it will be fine.

The first thing is that a lot of the new investors or those coming into cryptocurrency are not ready to take that time and effort to learn how things work with invesnemrntnes in high-risk and volatile assets such as bitcoin and the rest of other coins in the market, and this lack of knowledge has resulted into impatience and fomo most of them and there tend to fall out of their mental balance whenever there is a shake in the price of bitcoin or other assets.

This unwise method and mentality all the time lead gullible investors into making some kind of financial decision that ends them in further losses.

Teraboy

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Quote from: DeathAngel on May 21, 2023, 05:30:10 PM

Very few people succeed with get rich quick type of thinking or hopes in any type of investment. For every one person you hear about who became a millionaire by investing $500 in an altcoin there are thousands who lost money.

It’s possible but unlikely to get rich quick. Be realistic & invest in projects you have researched extensively. Slow & steady wins the race. Getting rich is more likely a marathon, not a sprint.

get rich quick is always possible though that with a big IF, if one is diligent enough in seeking coin with good potential and invests early which of course couldn't be done that easily.
still it's always just better invest normally and have steady growth of capital.

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Very few people succeed with get rich quick type of thinking or hopes in any type of investment. For every one person you hear about who became a millionaire by investing $500 in an altcoin there are thousands who lost money.

It’s possible but unlikely to get rich quick. Be realistic & invest in projects you have researched extensively. Slow & steady wins the race. Getting rich is more likely a marathon, not a sprint.

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Quote from: Wiwo on May 18, 2023, 04:10:56 PM

Most of those who get scammed are those same set who are investing in get rich quick schemes, there are always on then look out for the projects that will give them 100x return within a short pperiod and in the end, they become victims of exit scams and many projects have ditched them for that, it does not matter what the outcome of the previous investments is there are alwastill ready to jump on the next a bitcoin just because of hype and hunger to get free money.

Not knowing that cryptocurrency investment profitability comes from its long-term duration and if an investor is not patient he/she may end up losing their initial capital invested.

the key is always patience, i always seen someone that holds their coin dearly always make good fortune at the end of the day.
despite the fact that the coin being held is plummeting in value so long it still in the top ranked it will be fine.

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Quote from: justdimin on May 19, 2023, 07:26:20 AM

I feel like it could be a lazy method to just buy and hold for a long time as well and yet not many people think about that. Just put like 10% of your income every time you get your salary into bitcoin for 10-20 years and you will end up rich, I am not even kidding that is the only and the best way to get rich and it will make you rich without a doubt as well. And yet when we look at the situation there are so many people who think that it will not make them rich and they need to get rich so much quicker.

There are people who trust the influencers online and invest accordingly more than they trust the long term approach. I realized this would make me richer a lot earlier and it has turned my life to an amazing place for 2 bull runs in a row now.

Without a doubt a person doing that will become very wealthy after 10 to 20 years, but this is not something most people want or can do, and this is because the majority of them take a very short term approach to their lives, for them 20 years seems to be so far away that they simply discard this idea as they are unable to even make a commitment which lasts more than a few weeks, so taking this is into account they look for other investment opportunities that are more compatible with their personalities, and shitcoins seems like the perfect tool for them as in theory they could become rich in just a matter of weeks if they are lucky, however we also know the number of people which actually achieve this is very low, while the rest lose whatever money they had.

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Quote from: justdimin on May 19, 2023, 07:26:20 AM

Quote from: Pamadar on May 18, 2023, 09:50:02 AM

Quote from: Hypnosis00 on May 18, 2023, 08:37:01 AM

Does everyone is reading what you have posted in the forum or does everyone hear from you? Unfortunately, not all, and even though some people read it, still commit mistakes by investing useless coins due to the influence of social media and some known personalities. I would say that no matter what we do, things like this will happen to someone else, especially for greedy people as it was hard for them to think twice. They can make decisions right away without thinking about the possible risk and losses that awaits them. And yes, it really happens...

Absolutely, even there is a lot of information regarding to this, not everyone will follow.

We will continue to see people who will be lazy and will still follow this kind of attitude towards this investment, thinking that by one luck
they will change their life forever, same concept with gambling. They are thinking that if they will invest with new project and that project will pump hard, then the money will multiply to the value that beyond their imaginations.

I feel like it could be a lazy method to just buy and hold for a long time as well and yet not many people think about that. Just put like 10% of your income every time you get your salary into bitcoin for 10-20 years and you will end up rich, I am not even kidding that is the only and the best way to get rich and it will make you rich without a doubt as well. And yet when we look at the situation there are so many people who think that it will not make them rich and they need to get rich so much quicker.

There are people who trust the influencers online and invest accordingly more than they trust the long term approach. I realized this would make me richer a lot earlier and it has turned my life to an amazing place for 2 bull runs in a row now.

If you manage to follow the right sets of investments while waiting for the bull run,

It manifested that when the right time comes, you'll earn a huge amount of profits, no secret as you deal with good research and the knowledge you earn makes you decide to invest in a good project that gives you the benefits.

Not an easy task, but if you manage to pick the right coin for sure, you will enjoy the surge pump, like what you mentioned. It's your
first hand experienced that's why you can really testify that it works for you.

justdimin

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Quote from: Pamadar on May 18, 2023, 09:50:02 AM

Quote from: Hypnosis00 on May 18, 2023, 08:37:01 AM

Does everyone is reading what you have posted in the forum or does everyone hear from you? Unfortunately, not all, and even though some people read it, still commit mistakes by investing useless coins due to the influence of social media and some known personalities. I would say that no matter what we do, things like this will happen to someone else, especially for greedy people as it was hard for them to think twice. They can make decisions right away without thinking about the possible risk and losses that awaits them. And yes, it really happens...

Absolutely, even there is a lot of information regarding to this, not everyone will follow.

We will continue to see people who will be lazy and will still follow this kind of attitude towards this investment, thinking that by one luck
they will change their life forever, same concept with gambling. They are thinking that if they will invest with new project and that project will pump hard, then the money will multiply to the value that beyond their imaginations.

I feel like it could be a lazy method to just buy and hold for a long time as well and yet not many people think about that. Just put like 10% of your income every time you get your salary into bitcoin for 10-20 years and you will end up rich, I am not even kidding that is the only and the best way to get rich and it will make you rich without a doubt as well. And yet when we look at the situation there are so many people who think that it will not make them rich and they need to get rich so much quicker.

There are people who trust the influencers online and invest accordingly more than they trust the long term approach. I realized this would make me richer a lot earlier and it has turned my life to an amazing place for 2 bull runs in a row now.

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Quote from: speeder on May 18, 2023, 04:04:31 PM

Quote from: FahriZah on May 18, 2023, 11:35:58 AM

So many times i failed in crypto and i,m unlucky but anyone don,t know why i,m failure because every time i want to take quick profit for quickly rich and buy at high price & selling at very low price because that times i have no patience and always i think about quick rich so my suggestions please don,t take any risk however quich rich. No need gain within 24 hours and no Dream shortly Millionaire just keep patience and wait until to the moon if need 24 months as well better than loss your money.

Yes, it must be accepted that success cannot be achieved quickly. People with a get-quick rich mindset tend to make rash decisions. Investing in alt coins is risky for the inexperienced and impatient. Only experienced people are able to make the right decision to invest in alt coins. When it comes to alt coin investing, it is natural to risk losing money if you do not take the right steps by thinking deeply about each investment project.

but to be honest, everyone initially wants to make big profits in a short time in hopes of entering the world of cryptocurrency. and after entering it, it was not in accordance with the previous wishful thinking. except for those who learn it first and then start investing. but after that they realized that wealth cannot be achieved instantly, it requires a process. only lucky people can grab it instantly, but even then luck can't be achieved repeatedly. that's what we have to understand

Wiwo

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Most of those who get scammed are those same set who are investing in get rich quick schemes, there are always on then look out for the projects that will give them 100x return within a short pperiod and in the end, they become victims of exit scams and many projects have ditched them for that, it does not matter what the outcome of the previous investments is there are alwastill ready to jump on the next a bitcoin just because of hype and hunger to get free money.

Not knowing that cryptocurrency investment profitability comes from its long-term duration and if an investor is not patient he/she may end up losing their initial capital invested.

speeder

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Quote from: FahriZah on May 18, 2023, 11:35:58 AM

So many times i failed in crypto and i,m unlucky but anyone don,t know why i,m failure because every time i want to take quick profit for quickly rich and buy at high price & selling at very low price because that times i have no patience and always i think about quick rich so my suggestions please don,t take any risk however quich rich. No need gain within 24 hours and no Dream shortly Millionaire just keep patience and wait until to the moon if need 24 months as well better than loss your money.

Yes, it must be accepted that success cannot be achieved quickly. People with a get-quick rich mindset tend to make rash decisions. Investing in alt coins is risky for the inexperienced and impatient. Only experienced people are able to make the right decision to invest in alt coins. When it comes to alt coin investing, it is natural to risk losing money if you do not take the right steps by thinking deeply about each investment project.

FahriZah

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So many times i failed in crypto and i,m unlucky but anyone don,t know why i,m failure because every time i want to take quick profit for quickly rich and buy at high price & selling at very low price because that times i have no patience and always i think about quick rich so my suggestions please don,t take any risk however quich rich. No need gain within 24 hours and no Dream shortly Millionaire just keep patience and wait until to the moon if need 24 months as well better than loss your money.

Pamadar

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Quote from: Hypnosis00 on May 18, 2023, 08:37:01 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.

Does everyone is reading what you have posted in the forum or does everyone hear from you? Unfortunately, not all, and even though some people read it, still commit mistakes by investing useless coins due to the influence of social media and some known personalities. I would say that no matter what we do, things like this will happen to someone else, especially for greedy people as it was hard for them to think twice. They can make decisions right away without thinking about the possible risk and losses that awaits them. And yes, it really happens...

Absolutely, even there is a lot of information regarding to this, not everyone will follow.

We will continue to see people who will be lazy and will still follow this kind of attitude towards this investment, thinking that by one luck
they will change their life forever, same concept with gambling. They are thinking that if they will invest with new project and that project will pump hard, then the money will multiply to the value that beyond their imaginations.

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Quote from: TheUltraElite on May 10, 2023, 11:52:17 AM

The quick rich attitude always fails in every aspect of life, not just investing in cryptocurrency.

While there are people who are inattentive and attention deficit, there are these people investing and in many aspects they are similar. One can go to coinmarketcap and see which coin has the maximum percentage rise in the last 24hours and they will obviously find some shitcoin that they never heard of existed.

Such coins are a huge manhole to step in, because they are essentially being pumped and going to dumped, waiting for small fries to get their hands on them.

That is why so many chit fund companies are able to fool so many people. Greed is always there.

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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.

Does everyone is reading what you have posted in the forum or does everyone hear from you? Unfortunately, not all, and even though some people read it, still commit mistakes by investing useless coins due to the influence of social media and some known personalities. I would say that no matter what we do, things like this will happen to someone else, especially for greedy people as it was hard for them to think twice. They can make decisions right away without thinking about the possible risk and losses that awaits them. And yes, it really happens...

yazher

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That's because most of them forgot the rules where you only invest the money you can afford to lose and when it comes to investing in altcoins, you should also know how to handle losses and understand the projects you are investing your money with because sometimes a certain coin only has healthy liquidity because of the current hype but when it's done, it won't gonna be the same and the price will remain low forever. That's why they always messed up because they don't take their time to investigate and have proper research instead they just blindly follow the crowd and did not going to care so much about their capital which was the reason for their money to lose.

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I would be surprised if people with poor attitude or people would ever think about investing or investing into altcoins particularly. First of all being poor is a state of mind. Such people are to cautious, to much scared to spend money on something besides basic necessities. Second, like people said, they would be to scared to learn new and make a research of that. Also, such people dont fully realize how hard money are earned. That is why doing or obtaining something quick has bad context behind it. Only experienced can do something quick. In any other scenario - it will be a mess up situation in the end.

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Quote from: Yatsan on May 13, 2023, 11:23:16 AM

Is it only with altcoins?

Quote from: maydna on May 12, 2023, 10:46:18 AM

Quote from: poodle63 on May 11, 2023, 08:58:53 PM

People are so dumb. You take safemoon as an example but if you are also watching all time chart and you will be seeing how this shit scam token dumped so hard. People care about gambling their money to the shit scam coin. They never fear to lose it.

They think that if betting in shit scam token like that is far better for them. Altcoins being used only for gambling purpose.

They already understand that it's not a good choice but because they get greedy, that's what makes them choose it anyway. It's as if they are gambling by buying tokens or coins, which can be fraud and even though they know it, they still buy it in the hope that they can benefit from the tokens. Indeed, sometimes we can benefit from investing in tokens like that, but we don't know which will give us a profit and which will be a fraud. They should decide to invest in bitcoin only so they will not become victims of fraud from irresponsible projects.

The idea of high risk and high rewards, drive those investors. Whether it is a good thing to do or not, no one would be able to tell 'coz if they manage to come up with a huge win, those who did not believe in them would be put in silence. For sure they are aware of the chances of losing, no doubt. Except for those who are just easily carried away by their emotion and those who are just following what's solely popular. Not totally wrong except for their entry points wherein some would enter when prices are at peak, expecting for a higher market value. Unfortunately, things does not work as simple as that. Even simple price action would give you the answer to the question whether it would be still profitable to engage in a particular token, halfway of the increase. Bottomline is, we are all guessing how will the market price behave. Difference only is with basis or hunch as is.

Correct. Your opinion is very basic. I see from the owner and for the alley to enter and invest is not wrong I think they might just expect the investment value to increase. the problem is that the founders don't have the desire for this project to be advanced, do they not understand, I don't understand either. what is certain is that if only the fulcrum is on token sales from buyers, I think it will always go in place.

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Quote from: Pierre 2 on May 15, 2023, 03:50:40 AM

I honestly experienced this myself alone. I decided to hodl one of my altcoins when it made like 10x. It is currently dead coin. My profits were very very low compared to initial investment. Melt through holding. I suggest people to invest and hodl only the greatest coins. I count great altcoins like Ethereum or BNB. But with other altcoins, its far better to trade instead of investing and waiting. Result would be making profit quicks with diminishing risks.

Both ethereum and the binance coin are good projects which are leagues above the standards of most altcoins, however even when it comes to them I will have serious doubts about holding those coins for the long term, and this is because they are both centralized coins and as such the risk they can disappear overnight is way higher than the risk you will have to face with bitcoin, however this does not mean that I frown upon investing in those coins, this can be done and it can be a great source of profits, however when it comes to long term holding I will never trust them in the same way I trust bitcoin.

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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.

If you invest in a coin that just pumped 100% without knowing the reason behind the pump then you're not a serious investor. As an investor you should know why a coin is dumping or why it's pumping before you invest unless you don't care about losing your money as that's what will happen.
Altcoins can be pumped without any reason as pump groups and shillers are pumping the altcoins to look for losers to dump their bags on. Don't chase after pumps as they're not a healthy way to invest. Always research on a project to know what's going on before you invest into any altcoins.
Safemoon is not a good project to invest into, it's an old memecoin and no longer trending because we have hot ones now and getting listed on Binance and other top exchanges. If you want to invest in memecoins let them be the ones trending but sell before the hype dies so you don't lose.

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Quote from: Pierre 2 on May 15, 2023, 03:50:40 AM

I honestly experienced this myself alone. I decided to hodl one of my altcoins when it made like 10x. It is currently dead coin. My profits were very very low compared to initial investment. Melt through holding. I suggest people to invest and hodl only the greatest coins. I count great altcoins like Ethereum or BNB. But with other altcoins, its far better to trade instead of investing and waiting. Result would be making profit quicks with diminishing risks.

I was been doing this before during ICO/IEO time. I was new in the crypto space at that time and had fewer experiences but I thought that investing in them are great and I buy cheap coins thinking I could earn more in the future. But to notice that till today, it remains at $0 and is not listed in the market anymore.

That I would say that price really didn't matter in investing in crypto but must consider the potentiality of the project as this is how we measure the future of our investment.

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