Topic: Simple advice, don't get carried away by people success stories. - page 2. (Read 524 times)

Thats very correct but the thing is that not everyone feel the urge to be skeptical about such projects or promises as I have come across so many humans who just love being lazy and are always ready to accept the lies that will give chills thinking it's a life changing opportunity despite the fact that they know it's all too good to be true. Even the fraudster they know that the world is filled with so many type of humans and they will definitely be a fool in the 7-8 billion person out there so the best you can do for yourself is not to be that supposed fool that would be chanting the songs of regrets after he or she realizes himself or herself.

This thing is not exclusive to crypto industry, in other industry like fashion, real-estate, and even beauty also has this phenomena, influencer flashing their richness and success story. Most of them do that to be treated like a Guru and gain more followers thus they can get brand endorsement deal, some also directly selling their own classes. They promise a certain and quick success, but what they do not tell is that most of their succeed are achieved because they got many privileges that an average individual doesn't have.

When we are talking about people who are involved in network marketing or affiliate system that markets cryptocurrencies or other products, we should better investigate or do our own research before believing them.  We must verify the information they are spreading since I have a personal experience on how these people exaggerate their claims.  They have their scheme that will make look what they are saying as valid but in fact they had not done and get the success in such way.

Many success story are staged or scripted.  This reminds me of someone bragging about his income being able to buy a car in just a short period of time but when we dig deeper, it was given by the company.  So yeah, better be always vigilant on everything.  Don't act or decide without doing any research.

That's how they attract people since majority always want to hear success stories since they always dream to came into this situation that's why they follow those people what they think successful in their craft. But they forget to analyze if the story is true or even validate if the method discuss is really working for them since not everyone can share the same success even if they follow the foot tracks of those real successful people since they can't replicate the level of patience and long time efforts exerted since most of the time those copy cats always like to see a success for short period of time that's why most of those people fail.

That's why we should really vigilant on all stories or information we read online so that we can avoid any misleading thoughts and create some real stories base on our experience since from that we can learn then maybe this is how we became successful especially if there's consistency towards everything we do on our investments.

Although learning from other people success story is entirely bad but one has to be careful when trying to follow the path that led to other people's success. Of course, you can get a sense of strategies and the approach that worked for them but you should also realize that each individual has his experience differently and what work for someone else might not work for others.

Relate this with one of the popular old adage that says, one man food is another man's poison. That it work for others doesn't mean it is guaranteed to work for you as well. Learning from other's success should just be an inspiration and motivation for you to not give up on your own dreams and the challenges you are facing but not necessarily means to do what they did as it may not likely be fruitful to you. Each of us is running a different race.

This is an eye opener to all who invest blindly from what they heard from others about something without having to do their own research. Always do your own research has been a discussion for several years now and it's not only peculiar to crypto but to every aspect of life.

Beginners are carried away by the success stories of friends and influencers who may have gotten lucky with a project, the excitement of the pump of their invested coin, will make them to turn overnight experts in dishing out cryptocurrency advice, newbies will then buy into these sincere hype and also invest heavily without knowing the credibility of the altcoin, the next thing is price will dump so hard that they'd lose their investment capital. This is why people that don't carry out proper research before buying a hyped project ends up calling cryptocurrency investment or trading a scam, because of their ugly experience, they'd blame everyone but themselves for their ignorance.

So it's important for anyone that wants to engage in crypto trading to get a proper knowledge of how it's done, learn the analysis necessary for a beginners, and for investment they need to carry out proper research on the project, founders and team members as you said, so they can atleast get a head start to understanding if it's a scam project. I agree that the safest cryptocurrency that you don't need to carry out any research before buying is Bitcoin, then top altcoins like Ethereum.
 

It is good and okay to listen to other people’s success story or learn from their path to greatness in order to guide you during yours. Having a total believe that you will have the same success or failure story as the person you’re looking up to is very very wrong. Everyone have their own life written for them already. If you follow my path to success you might fail, or succeed or even get a better success than me. It is all about learning and having knowledge from other people’s mistakes, but you shouldn’t trail or expect yours to be the same. When yours come, you should be able to fashion it into a way that will suit you and make a good prospect from it.

Some people make an imagined story just to attract investors and fool them. It is a way of business doing now and we only just find out that was fake after falling into their hands. At this time, we should take extra caution and know whom to trust because it is hard to determine who is/are telling the truth while the majority of these social media influencers are telling lies. In the next couple of years, scammers will multiply more and the only person we can trust is ourselves.

As OP stated was clear that we should be vigilant and not fall into such promising and attractive stories because successful people never show up in public but keep as anonymous as possible.

And your OP’s post again brings out the story about the need to carefully check all those success stories that are created on the Internet today. Some people write, imagining things, for fun, while others create a stir by including colorful “evidence” of their success. Such stories often come across people in need of help, under great stress, in a difficult life situation, or maybe these people have great greed. Fraudsters create a rush; as a rule, if you don’t have time now, you’ll miss your opportunity. People don’t know how to check such projects, but the “crowd or majority” effect puts pressure on them, making them unable to understand that they are being deceived. I would view any project that promises amazing returns with great skepticism. As experienced people say, "if something confuses you in a promise, then you are right and are not mistaken in your intuition."

+4
You have said well.
Like I have seen some stories and I have also been involved it them, like a man was telling me about an investment where he is make large amount of money monthly, and I didn't care to make a research about the investment because I was so busy with other jobs activities,, so when I invested, I deposited $2k and just time for me to get my profits, will I say company or site? They cracked and I was to mad about it because that was the last money I have that period, but thank God I have joined the crypto world, as everybody is investing me too I have to invest without waisting any longer.

You don't know actually if they are telling true to life stories or they just fabricate stories in the past. So never easily believe on people you don't even know. Do your own research so you won't rely on other's knowledge and experiences. If you focus on your own story, you will increase your chances to succeed in crypto, and not relying on other people's claimed expertise.

Know that other people's successful stories do not have the intention to encourage or help us in one way or another, but it's there to deceive us until they can make money from us and they'll just vanish like a thin air.

I know that people success stories can inspire you and maybe motivate you to do more but alot of these stories can be exeggerated and even over hype which can easily lead you to do things that might have you end up regretting as the results won't be the same. Mostly I think the Op main view on this thread would be the fact on how celebraties use their influence to deceive so many to thinking that some of things they advertise can be as easy as they say it.

Its not a bad advice, I remember when I always feel somehow when people don't believe that I make money from something they believe to be scam, I found peace when I don't bother to tell anybody anything again, I think I must be built differently it is.

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Have you ever gotten to a stage where you feel like stopping? Reading through success stories can help you get your fit back on, I believe its not entreily wrong, but its smart to believe in yourself, just use others stories as lessons, be encouraged always and don't give up.

Whatever will work will never come easily, you need to have the not giving up mentality in you, I don't see why this is a wrong thing, I have read the success stories of people that bought bitcoin in 2010 and they sold three years later, this gave me the courage to keep holding my bitcoin, I needed this success stories, I don't have to follow the exact same pact like them, but its fine to believe in your dream.

Hype and exaggeration are what projects use to push an agenda towards their project been good for investment. Those stories we see on the net aren't always true but that doesn't mean we don't have those seeing the types of profits that look so unrealistic. But you should understand that your path to success isn't the same with the other person. You can do exactly what they're doing and instead of making profits, you keep on losing. We have those that are flipping nfts, altcoins and making big gains but if you try the same thing, you'll always end up with the declining nft or altcoins that becomes worthless. Invest with the mindset that you're not after short term profits and you won't fall victim to hype scams in the market because there are many of them just looking for their next victim.


If it's too good to be true then it usually is, be skeptical about everything you read or hear in the industry because they usually are. This is an unregulated market so alot of scam artists are present looking for victims. The success stories shouldn't trigger you or if it does trigger you then channel those energy into accumulating Bitcoin. The stories of people making millions from few dollars investment are real but not all and understand that for that one person that make that big profits, we have millions of others losing to the market (and the possibility of being among the losing side is greater than the winning side) so don't get over excited and decide to follow in their footsteps as you might end up losing than making profits.

When money is involved, it's important to invest with high caution. Not because you are fearful to lose, but because of the spread out scammers all over the internet. They try to pretend to help you and act as a financial advisor, but in reality they are just obsessed with your funds and once they get them, they will suddenly vanish like thin air.

We don't hold assurance if those successful stories of other people being told are true, so it's best to investigate first or DYOR so we won't end up the fools who believe in made up stories.

Yes it's called the survivorship bias, if you only listen to successful guys you won't figure out the real difficulties because they've skills or advantages, sometimes they don't even realize themselves, you don't have or because they've just been lucky. It creates a skewed perspective where you're only seeing the winners, not the countless others who faced the same challenges but didn't make it. It's like watching a highlight reel of a successful gambler who hit the jackpot. What you don't see are the countless bets they lost before that big win. Learning from failures and struggles is just as important as studying success stories.

Concerning OP's friend story, a golden rule in trading is to try to buy low and to sell high and to avoid doing the opposite. So when you invest at a high price after a pump it's usually not far away from the top, so you need to be very cautious.

The problem that occurs very often is like this, they are carried away by other people's success stories here. They think that this success story can be achieved instantly. Well, this is incorrect thinking. If it weren't for being 100% lucky, it would be very difficult to experience significant success in the near future. because, everything needs a process where this process is certainly not instant and will not be easy to do. just like in this crypto space, it is not easy to get success. Maybe we see that someone can easily be successful and we hope for that, but unfortunately sometimes we don't want to face failure and high risks, and we are not strong enough for that. It shows that we are not ready to be successful. Crypto is a risky matter and we must be ready for every risk to face to meet the success with complicated processes.

There will always be victims because many people need to learn things the hard way.  Most of us had to do it at one point in our lives.  You are a fool until you finally learn your lesson.  Then you mature and try to prevent others from falling for the same thing you fell for, but they are often hard to stop.  These people who fall victims are like boulders rolling down a hill, you either do something to make sure it never starts rolling or they become unstoppable wreckage.

Life it is.  I hate scammers and scams and I do hate this has to be reality but it is what it is.  Some people need to learn lessons the tough way sadly.

Most of the newbies fall into scam projects because of their lack of knowledge and greediness. Not a surprise in their case but they should have changed how it looks besides there are a lot of ways to do that.

 - We should not believe someone who shows their wealth/money and encourages us to invest in their products
 - we should not rush instead, must think several times and do research
 - we have to that success doesn't come easily so stop believing sweet promises and instant money, it is a big lie

Nobody gets scammed if nobody lets it happen and these scammers stop if we don't welcome them.

The problem with these stories is that they tend to be very believable especially if a celebrity is the one endorsing such.

Stories and life experiences, in general, are actually inspiring to know when they came from a valuable source. When I say "valuable", it means that the story is truly genuine as it teaches lots of life teachings that can be applied for everyone. The problem with these stories/advice is that they came from people who are verified, but what they share are just made-up or not real.

For example, a celebrity may claim that he/she invested on a specific platform and that made him/her lots of money. But in the end, it is all part of an advertising scheme in order to attract more users to that platform in which he/she mentioned.

At the end of the day, it is up to our diligent efforts to know which advice/stories to believe. No matter how convincing an advice would be, always stick with your gut and personal research for a secured decision making.