Topic: Simple advice, don't get carried away by people success stories. (Read 616 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.

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.

Nothing happens by chance, and third world countries are definitely a target for all those scammers who are looking for easy targets who can be sold a nicely packaged story about how investing in some "crypto projects" will make them rich overnight. These people have no problem stealing the last penny from someone, and they also consider that people who are already poor have no possibility to take any legal action once they realize that they have been cheated.

Therefore, it is very important to warn young people in time not to fall under the influence of such stories, and that social networks are not at all harmless, but are full of scammers who are looking for their victims in every possible way.

I liked your way of presenting this idea, in simple words we can call this type of behavior of a man as becoming a victim of FOMO, or FUD. Most of the time when we hear the success stories of others the first thought that comes to our mind is why would they tell us the secrets or ideas they have in their minds to make money?

But in my point of view, I think if a person is telling you about his success story in a way that you think he is trying to lure you into it. Then understand that he might be scamming you. But if I as a BTC enthusiast if try to teach someone about it and try to tell him about its potential then I will also try to share my success stories with them to motivate them.
But it does not present that I am trying to scam them instead trying to make them some money.

Reading other people's successful investment stories can be inspiring & informative but it's important not to expect to replicate them exactly. Every investment journey is unique influenced by various factors such as market conditions, individual risk tolerance & financial goals. What worked for someone else might not work for you due to different circumstances & resources. It’s more valuable to learn from these stories, gain insights & adapt them to your own investment strategy.

Sometimes many people lose their way just because they want to replicate other people success. Many people don't know that's some of these stories are just hype and don't really tell the whole struggle that's involved or problem encounter before they could achieve such height and you hearing only the part that's sweet like honey, you then decide to replicate the good part to yourself and boom you fall like an elephant with no balance.

Even if the success stories aren't wildly exaggerated, it's still not a good thing to be carried away by them. Envy no man to want to be like them. It's vanity. Don't try to make your sowing season another man's harvest season. Time and season is what we all should be watching out for. Everyone is on their own track and no one should jump tracks. Follow your passion diligently with focus and gradually you will get to that finishing line. Yes, it can grind slowly and sometimes will look discouraging but definitely it will pay off.

Crypto is a money spinner but not all crypto investments will grant you success. I'm sure newbies reading my comment now won't give it a second reading. They will think it's a waste of their screen time until they learn what I'm saying from experience. It doesn't always have to be by your own bad experience to learn a thing. You can also learn from the experiences of others and add them to your knowledge. It's not that hard.

Don't buy a hyped coin or token. Buy one with utility. Don't key into cock and bull stories. If it sounds too good to be true, run away from it. It's most likely going to end as a scam.

This is why I hate bringing people into altcoin investment, even if its a very good one, for example celestia or arbitrum, I still feel that its not safe as anything could happen, the only thing I can introduce to people is Bitcoin, I have full confidence with Bitcoin but not any altcoins no matter how strong their fundamental and utilities can be.

About the success stories, me I love reading them, if they are genuine, I always cling unto any sign of hope and believe me, success stories is far more encouraging for me in my crypto journey, you don't have to do the same thing that they do, just keep your hope and dreams alive.

Success stories are encouraging, some people are so brain dead that they believe its impossible to make in big in life, I used to have people like these around me and keep my distance to safe my own mindset, I find strength in such stories but I don't copy them, I just drain the strength from the stories and add it up in my boiling blood.

and more importantly, we must be aware and responsible for what we do. What you say is very relatable to the conditions of several people I know. they even come to complain and regret when they do things they say were unintentional.
we must be more accustomed to always placing responsibility at the forefront. we know cryptocurrency is very risky. When we choose to invest, we must be aware and more responsible for what we do ourselves. no matter if it's advice or encouragement from other people.

People get carried away when they see their favorite celebrities advertising a project, they'll eventually dive in and invest their hard earned money without carrying out their own personal research first to understand more about the product. I can only take advice from a celebrity if they're specifically talking about their area of expertise or talents, otherwise I'll have to research every advise or advert that they do or give, especially were it involves money, because they're most likely paid to do a job.

When it comes to family and friends, if they're giving me advice on areas that they're not specialized in, I'll discreetly carry my own research before engaging my time or money.  Because most times they also heard the information from unverified sources, and they share as they're told.

The issue with people painting a picture of their success in the crypto journey is that most of them only tell the story on the part that gave them success but wouldn't want to share their failures or the process that yielded this success.

Success is not just a one day journey but it's actually an accumulation of decisions and actions that yielded a certain result at a certain time that conforms to a quality tagged "success".

While you get motivated and excited about the success of another, try to find out the stories behind the success and let it guide you in making informed decision that will see you to achieving a similar level of success

It is simple, not all success stories are true, especially if that person is not known. Successful people don't show their stories unless someone gives them an interview and post publicly like on social media platform but some prefer to stay anonymous. While those people - like we say these influencers use their stories to gain attention, I don't think they deserve appreciation and trust.

Yes, we should be careful about who we trust and who we follow. In the world today, many stories can be faked and edited videos to show. Research is only the best thing to do, nothing else.

It sounds like a made-up story to attract suckers into giving money to scammers, but even if the story is legit and it's all not a scam, you shouldn't immediately rush to invest and instead ask yourself is this success can be replicated and what conditions led to this success.

A lot of people invest in crypto because they hear about a person who made a lot of money with it, but they fail to learn anything valuable about crypto and instead lose their investments to scams and market crashes.

Make your own story instead from your own diligent study and research. That way, you won't fall on others and easily believe on their made up stories. It's clear that their motives is not to help you to be in profits but it's the opposite way around. You are helping them to stay in profits if you chose to believe whatever they say. So get rid of them and do not fall on their fancy made up stories.

Newbies are the most likely the victims here. If you have the eagerness to make quick profits because of your greed, then you are certainly one of their targets.

I get it.  You see people online bragging about the fat stacks they made in crypto, and you want a piece of that pie.  But more often than not, those folks just got lucky on a one-off trade.  Don't think you can just jump in the market with some YouTube tutorials under your belt and expect to crush it.  I've seen too many newbies lose their shits because they didnt respect the game.  Their ego makes them overconfident, so they skip the education part and blow up their accounts.  If that sounds familiar, maybe start with paper trading for a few months.  An see how it goes.

I have learnt to stop believing completely in all the stories from people, especially when it is a personal story told, because often times the details are exaggerated to gather more praise and admiration. If you get carried away by the story of other people you would be making a big mistake because you will be distracted from chasing your own success and maybe start rethinking that in cases where you are not motivated by the lies in their story, you will feel like you are not doing enough.

All newbies that are coming with this idea of making it very quick because others made it are always victims of losing money due to either greed or ignorance.

The solution to all this is just to stop believing everything you hear because people are making stories just to attract new people which can be their source of income in form of advert, or they actually made it luckily through that process which is not more working; therefore, as a newbie, always do some research about any coin you are willing to invest in before putting your money in it.

FOMO is one effect again which has affected so many people, but all these can come to an end if there is roper understanding about cryptocurrency and how it works.

How do some people think these success stories are 100 percent reproducible?  They always blindly trust what some random guy who succeeded did and it obviously pretty much never works.

I would follow motivational accounts for the most part.  Successful people too, but learn from their mistakes and understand their moves.  Do not just copy what they publicly say they are doing.  It could always be a plug.  Or a honey pot.  Or just sponsorship or whatever else.  Get motivated and do better.  Stop following the successful like a horde, they are almost always using their influence against you.  Not FOR you.

With people's innocence, majority get carried away with other people's successful stories and think that they can also be successful and profitable like them because that's what these successful people are trying to imply on them. Without realizing that we all have different experiences investing or trading in crypto, and we gained different outcomes because what other people are inclined to might be a weakness for others. So don't fall on their words, but focus on your own capabilities to do things as we can't trust anyone except by our own self.

However, I believe that we are all destined to succeed but in different timeframe, and we can't just assume that if other people have succeeded already, then we will also be successful. It takes knowledge and good experience for someone to be successful in crypto.

Not all success stories are bad because some of it are what makes other people want to achieve success too and that will result in doing more effort and inspiration although some of the stories are not true or only a fictional one just for the sake of meeting the quota. One of the stories that will bring motivation and inspiration are like ranking up since it already explains that it is possible to do it in short, you can contribute in the forum too just like the one who is sharing the news or stories

You don't know actually if that certain person is telling the truth or just making lies to deceive you. A lot of crypto influencers these days who pretend that they are trading successfully and are making significant profits, but in reality they are never reliable traders but experience a lot of losses than gains. Except for those who are really genuine on their words, but still we cannot guarantee that those who work for them might also work for us. It could even push us to be homeless in the end if we keep forcing ourselves to follow what they're saying.

You can't trust anyone in the crypto market, be it investing or trading. That is the reason why you have to equipped yourself with knowledge, skills and strategies so that you can prepare for all the risks and beat them all by yourself without falling from the traps of other people's words.

Exactly mate, many naive minds actually follow such trend, just because someone popular says he made lot of cash through what he is doing doesn't mean you should just go and jump into that thing because the whole can be formulated and at end you will be the one at the losing end. Taking caution in everything you do can really help you out especially if you are not familiar with the stuff people are doing. Most times we easily get influenced by our own emotions and forget what we are doing until the harm has already been inflicted on us, so we should try and stay on course before getting involved into anything, I mean you can do your own little research.

People are easily influenced when the one doing the promoting is famous and well known. They’re going to be interested when they see their no.1 celebrity promoting a project.
Most times, these success stories can be formulated and even exaggerated by scammers looking to attract people to part with a little bit of money and have a success story of your own. And sadly, people fall into the trap in chasing their own big win and success story.
It all falls down to doing some serious research whenever you’re wanting to part with money for a new project or investment.

Emotional investment based on the fact that your friend has achieved success and that you can achieve this success is the quick way to lose your investments. In investing, if you do not understand what you are investing in, it is better not to invest and avoid that investment. Sometimes it is better not to sell until you achieve profit, otherwise it is better to wait  even if it leads to your loss.

You mean the one posted here just in case they rank up? Well if thats a success for them then we can be inspired by that provided that the user post is really grind his achievement and not a merit grabs thread. Also there are other who gained so much profits in trading, airdrops or whatnot that too can be celebrated except for those who are posting but those are just grab images and made up stories.

The problem most people face especially newbies/beginners in the crypto spaces is wanting to go to level 100 without taking the level 1, thereby making themselves loss what they don't have already.
How can someone hear that I made $500k in a day while trading after my 1000x attempt that failed and I lost, without knowing where I started from, how many times I failed before or how much I have lost before, they just want to make a $500k as I did too forcing themselves to go into what they don't know.

There is no way someone will come online especially on social media to screen how he or she has been losing especially when they have a brand to protect, they will only give you the tip of an ice burg and is left for the person who is hearing to digest what they heard before making any decisions but in most case Beginners just rush into the business that profited someone and wish to profit in just a twinkle of an eye.

Beginners are often attracted by the chatter of other people who are successful only because of luck but it is exaggerated when they tell their friends, this is indeed a lot of people do that in addition to new beginners they are ready to buy altcoins that their friends bought first because of carelessness without further research they suffered losses because the altcoin continued to fall and the beginner was ultimately disappointed not to share the same fate.

Many influencers on youtube or tiktok often talk or share an advantage in the altcoin he bought, indirectly showing off to others while beginners are only hooked because of the usual big profits, beginners without thinking about it immediately buy without doing any analysis to reduce risk.

Advice to them not to trust other people's success too much, maybe they just want to look cool and be praised by many people but with their actions they trap many people.

Better choose bitcoin even though it takes a long time to make a profit.

The experience of the person doing the advertisement or hype doesn't have to be exaggerated. If someone you know tells you about a huge profit they made trading crypto, it can all be true. But that doesn't mean you will be able to replicate it. It's possible that it was luck and a one-time thing.

The biggest mistake that beginners make is that they want to be traders but without having any knowledge about what they are doing except a few YouTube videos they watched and some very basic and limited understanding of the market. It's very dangerous to play with your money like that, and the chances are greater that you will fail than that you will succeed.

Basing your decisions solely on hype and feelings is a disaster waiting to happen. When it works out, it's pure luck and not skill on your part. Your luck could run out the next time you attempt it.

Doing deep research on the project, founders, team members, partners is time consuming, but the only way to mitigate risk for those who want to play around with alts.
Better yet, don't do it at all, and increase your bitcoin bags as much as you can.   

We can take the celebrities as an example in this case, many of us are seing them in proxy and wish to be like them, which I don't see anything bad in having their kind of acheivements and success, but these same people couldn't be the same we can accept to go by their kind of lifestyle in real life, we may not like so many things we may later discover about them the more we are getting closer to them, we should rather pick up the good and leave the rest with them.

There many who endorsed which made people buy their NFTs and Cristina Ronaldo and Logan  Paul are two classic examples of this and we also have Justin Bieber, Madonna & Paris Hilton as well who were sued but we have not seen any of them paying back to their investors.


This question will save us from falling for the trap, but no body bothers to question that as they are blind in their greed of earning real quick wherein they don't think logically and blindly trust these so called influencer or self proclaimed crypto millionaire.

I know you are not referring to celebrities who shill for projects but instead newbies that might have been lucky enough to have made huge profit from investing in an altcoin and because of that they have made themselves a self-proclaimed financial advisor.

There was a celebrity case but I can’t recall the name of the celebrity that was asked to pay some certain amount due to the fact that an altcoin she posted on her social media page turned out to be a scammed and that just proof some of the people we actually go to their page to read their post and digest the information they always share know nothing about what they are doing, as long as they will get paid for it they are willing to do it.

Have you ever sat down and wondered “this person that posted about his success story about his involvement in a project, did he encounter any problem? If he didn’t why hasn’t anyone else posted about being successful when they also decide to involve themselves in it?” Sometimes simple questions like this can save us from a lot of trouble.

There are so many factors that can influence people actions and we all should be careful on how to react when we hear people talk about success stories that are wildly exaggerated.

In the third world country today and I would like to believe not only there, they seem to be so much wave all about the cryptocurrency market or industry whatever suit the explanation, but the thing is that many people actually get intrigued by the success stories of some maybe influencers or people that aren't actually expert on the field but maybe experience one or two lucky session especially when we look at it from the trading aspect.

A friend of mine actually fell victim to this type of hyped success stories as he explained to me the reason he ever got involved was because of the thrills he got from a discussion he indulge himself on. Without making proper research he bought some certain altcoin due to the over excitement that was actually spread by the person telling him on how he made huge profits from the coin overnight and him being a novice actually got involved and had the worse experience from the action he took, losing almost all the capital used for the investment as the coins dumped so fast as the way it pumped high too.

my advice to everyone out there is that we should all be cautious of what we do from the things we hear because sometimes what profits the next man can actually turn out to be a disappointment to you.

All other advice too are welcome from senior here to help guide those enthusiastic newbie that are willing to do anything to earn profits or be as successful as the story they hear.