Topic: Simple advice, don't get carried away by people success stories. (Read 606 times)

Countless numbers of people have fall to this category of investing based on the notion of the hype of others and most of them usually invest when it's about to dip and if eventually it happened it will cause a huge shock to the investor. Sometimes it will cause a conflict between the two patties because it will look like a trap use to lue a friend into. Some people might not take it likely with such person. So it is always advisable to invets wisely and also in a right coin like bitcoin and don't be triggered by hype because hype might make you loose an amount that took  you almost 2 years to gather.

Absolutely, being cautious and critical about success stories, especially those related to investments or financial advice, is incredibly important. It's easy to get swayed by someone's success and think it's a guaranteed path to similar results, but that's rarely the case.

As you've rightly pointed out, behind every success story, there might be undisclosed risks, privileged information, or sheer luck that others might not have. Considering whether the individual faced any challenges, understanding the context, doing thorough research, and asking critical questions can indeed save us from making hasty or ill-informed decisions.

Celebrity endorsements, social media influencers, or self-proclaimed financial gurus might not always have the expertise or genuine intentions behind their recommendations. Some may be motivated by personal gain rather than the well-being of their audience.

It's crucial to verify information from multiple sources, conduct due diligence, and understand the risks involved in any investment or financial decision. Trusting blindly in someone's success story without understanding the full picture can lead to significant losses or even scams.

Remember, caution and skepticism are valuable tools when navigating the complex world of investments and financial advice.

It may happen because of a condition, difficulty of employment, accustomed to managing small money and loss or looking for the easiest way to multiply income.

The effect of clickbait makes people make hasty decisions including depositing money, imitating trading techniques and not managing risks because all they see is the profit. if you buy bitcoin and the most popular altcoins according to the CMC achievement ladder, of course sooner or later it will recover, your friend bought a new altcoin or what shitcoin?

If you are sure it is difficult to prevent, any investment is good but if without good analysis and money management, of course the turnover will be slow or the risk of losing value may be more even if spot trading, if other instruments that involve leverage and liquid or margincall, of course the way it works is different and there is no remainder if it runs out.

anyone can imitate the ways that influencers say but not with the results, especially trading and investing, because of different positions, capital and mindsets between panic or stay calm.

Yeah.

That's how it goes and they're perfect to move the emotions of the potential customers and that's why they're using people's success stories to ask for their sympathy.

Not just for the person who's telling his story but also to the company that's involved with his success that we can imagine like it's a short term part of his life and all the deed done by that person who deserve the success.

because it is indeed inspiring if you have no deeper knowledge and have no malice in thinking but given that we already knew what are they heading in their success story from there we can evaluate their intention and why making such stories.
so try not to be lured wrongly or you will face the consequences in bad results ,

Exactly , because most of those success stories are either having Company to mention or sites to
put links for that called the reason for their success as i kept reading those in social media nowadays , they are
mentioning names and companies and by then we can be a victim after believing.

If you can have your own decision then you will not just believe in what others said
but instead you will act in the other side , you will be joining their success but in different strategies .

When people get all worked up about others' success, it's often because they're either super eager to succeed themselves or just new to the whole scene. But  you’re right thay we're all different with our own dreams and ways of thinking, whether online or in real life. Let’s just keep in mind that success isn't one-size-fits-all, and we each have our unique journey.

Success stories nowadays are also marketing techniques that can hype people with their products or what's on the sales pitch with these stories.

While I know like I have to be cheerful with these success stories and be happy with the people shared it.

There are moments that you just have to ignore it and just be happy about them. Because if you can understand the thought of these stories, there are many of them that don't inspire people but are there to brag on how they made it. Like they're proud of it on a different level.

One thing we all have to remember is that it is extremely easy to fake things on the internet especially in social media
and most people tend to only share the good parts of their life but never the bad parts which makes a lot of us feel as if though we are doing something wrong and we should be instead following those influencers

it is hard to prevent jealousy and greed but just think that you are in your own path and someday, no matter how hard things are for you this time, you will also be successful

The only reason why those people that got carried away  about the success of others is because they are too desperate to gain or they are just noob in this market bcause who will believe in everything said by others when this is just an Online forum ? and even if this is in real life we cannot earn what others earn because we have different mind set , different thinking and different dreams in life .

Most of the victims are those greedy human that wanted only to be a easy winner,
they thought doing what other does and will make them instant millionaire .

I think we can look at their success as example to pursue to what we are seeking
but never expect that we will be having what they wanted because for sure you will fall wrongly .

Just use those success into something influential but not to the extent that you will completely copy what they are doing because that is against the rule mate instead just do your things with safe action.
if you are in need of success then you must find your self the way and not the way of others because many of them are just luring you into something impossible .

Any Investment that promises huge returns should be treated with caution. We have to verify if they are scam projects because many of such projects are ponzi and get-rich-quick projects. I am also careful when I see a project that is over-hyped by celebrities and sophisticated and expensive advertising. I will keep saying that the safest crypto is Bitcoin, apart from this coin, it will be difficult to distinguish them from scam projects. Do your research to verify the genuineness of a project before investing. This is because most of the stories that you see on social and other media outlets are designed to attract people into scam projects

Just don't trust anyone most especially in social media where they come to share their stories of success. You don't know what's their real intention but one thing is certain, they want to take advantage on your ignorance. When they see you get carried away from hearing inspiring stories that talk about success and profits, they will really create some of it especially for you. Be wary and be cautious not to fall on their tricks. Otherwise, you will end up as their new victim.

While success stories could sometimes motivate us to strive even more, but here in crypto market, scammers use it as an advantage to lure people and fall on their traps. The best strategy is, never dare to trust other people most especially those who seem too good to be true.

You don't know actually if what you hear is just a made up story so you will be attracted and can easily be deceived. You might end up falling on the hands of scammers if you let your emotions get carried away by their stories of success. My simple advice is, always assess every story you hear before you come to believe. Of course, some would be valid stories while majority are not. So be careful not to easily believe and fall on their traps. Otherwise, you might be the reason why they end up writing their own success story.

Learn from the experiences of the victims. That way, you will be mature enough which story to believe and which one you should learn to avoid.

The biggest mistake that Newbies make is considering crypto as a get rich quick scheme, the experience of other people who have made big profits from crypto trading often indoctrinates their brains to immediately trade in the hope of making big profits. The experiences they share may be true and can be accounted for, the crypto market movements which continue to fluctuate there is no guarantee that you can make profits easily.

Newbies must be aware, there is no scheme to make money easily, most of the success stories shared always attract their interest to start trading immediately. Success in trading crypto assets always begins with a story that is not easy, they have to learn to increase their knowledge, perhaps they have lost large amounts of money due to incorrect research. Only Bitcoin is most suitable for Newbies, they can increase their investment amount while increasing their knowledge of crypto.

This is actually one of the negative effect of social media which is readily used to promulgate "fake life" that force a lot of people into criminality just to appear rich or look like their peers. Sometimes I wonder if there are actually poor people in the world because everyone appears perfectly ok on social media. The social media is filled with so many successful crypto investors who would have made so much money from investing mostly in altcoins to gave unimaginable profits. If one is not careful, there is high chance of being deceived by these self-made social medial millionaires.

Scammers also use this pattern as well, they will present a lifestyle that will almost be impossible to resist and unsuspecting people will be deceived. Just like you said, one should not get carried away by easy life on social media. Nothing beats hard work legitimate income.
 

It was a bad decision for your friend because your friend invested in Altcoins in the market only on impulse without understanding the market and coins. Investing in crypto platform is already risky then if investment is done in ALT coins in the market then it is more risky.  What we usually give most importance in investing is which platform will keep our money safe and which platform will get good amount of profit from keeping money safe. Bitcoin may be the best choice to keep your money safe and profit but your friend may not have tried to know much about coins before investing which is why your friend invested in ALT coins. Investment time never runs out so there is no rush before we know and then decide.

That's a game of life now and greedy individuals easily hooked up with those encouraging and motivating stories but behind those success stories, lies are what we see.
 - many people show others wealth and claim is theirs
 - many people take a picture of other people's cars and say the fruit of their sacrifice and hard work

Scams are everywhere and they will take every possible way to gain attention and get victims. Influencers are great at such techniques which is why they are called influencers but sometimes we have to choose which one we follow and which one we ignore.

Most influencers who like to advertise cryptocurrencies cannot be trusted. But maybe not all influencers who like to advertise cryptocurrency are like that. For this reason, don't focus on advertisements or other people's achievements. Because it could be that all these achievements are just lies, or that these achievements were really achieved by these influencers. In fact, it is not easy for us to imitate it. So basically we have to think more about reality rather than fantasizing too far. And the most important thing is to keep working hard and never give up.