Why are people getting scared to Trade - page 16.

_BlackStar

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Quote from: BenCodie on February 13, 2024, 05:20:14 PM

Times are different to that of years ago. Classes have shifted, the wealthy have gotten wealthier, while lower classes have gotten essentially poorer. The same goes for the middle class. Those who take risks might not be where they were years ago. Some might have succeeded though more would have contributed to the wealth of the Crypto "elite" class which were not as dominant in the past.

In turn, there are now opportunities to rebuild capital from things like airdrops and events. People might be less interested in investing and trading, due to their bad experiences in the past, and more interested in working to try and build their capital...especially if there is a chance of that work growing 2, 5 or 10+ fold in the future.

I'm not sure where the wrong - but perhaps it really depends on one's mindset. A person is afraid of losing because they know this is an era where it is difficult to earn money - but they fail to understand one thing that money that does not earn anything else is absolutely not good to save because of inflation.

The rich are getting richer - the poor are getting poorer, both things are true, but both people have different mindsets. Rich people are afraid of losing - but they don't run out of ways to build their wealth even though risks must also be taken into account. Poor people are afraid of losing – but they keep quiet without wanting to know how to make money when they have money.

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The only people who can say that trading is effective are those who are now living their success with trading. While others continue to believe that trading is ineffective until they find out on their own that it’s way more profitable and gives fulfilling profits for those who are capable to trade.

However, for those who have not yet achieved what it takes to be a reliable trader, then it’s normal for them to get scared with trading since that means trading without prior knowledge and skills will result into unstoppable losses and regrets. And most probably, some would fear trading since they don’t have the sufficient funds that they can start up as capital, and are still afraid to lose their small, budgeted funds.

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Times are different to that of years ago. Classes have shifted, the wealthy have gotten wealthier, while lower classes have gotten essentially poorer. The same goes for the middle class. Those who take risks might not be where they were years ago. Some might have succeeded though more would have contributed to the wealth of the Crypto "elite" class which were not as dominant in the past.

In turn, there are now opportunities to rebuild capital from things like airdrops and events. People might be less interested in investing and trading, due to their bad experiences in the past, and more interested in working to try and build their capital...especially if there is a chance of that work growing 2, 5 or 10+ fold in the future.

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Quote from: Best-mary on February 12, 2024, 04:37:03 PM

Lately, I have noticed in most crypto groups I'm in, many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.

They are not risk-takers because only those who are in this kind of behavior will choose trading rather than simply joining airdrops which likely gives nothing to the participants. But it is not just like that, people are afraid to trade because they already know that they are not capable of this and their level of understanding seems too far to be a good trader. They are not pretending that they could make a successful trade, at least we've seen them true to themselves rather than making a fool.

Trading could make you rich but those won't say that even a newbie could make it. So we never expect that RICH thing in trading instead, we have to think about our capabilities if we can do it right. We have to keep in mind that trading is not easy, so we don't assume that once we trade, we can earn.

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Quote from: Iamcrypticguy on February 13, 2024, 03:54:02 PM

Most airdrops tasks don't even require an advanced level of trading. Just some simple tasks and maybe Patience. I'll advise you to do anything that works for you, just make sure you're making money in the crypto space. Fyi the first event looks charming..I'll explore it further

That is the key, if a person has evaluated they are not really suited to become traders or if they have already tried and they failed, there is nothing wrong with admitting that trading does not really suit them and that maybe they should find a different activity to try to make money in this market, with that being said, while airdrops offer the possibility to almost anyone to earn some money with them, as the level of skill necessary to participate in one is very low, at the same time this has lead to a great number of people trying to achieve gains with airdrops, and in return this has reduced the amount of money that can be obtained with them.

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Quote from: Best-mary on February 12, 2024, 04:37:03 PM

Lately, I have noticed in most crypto groups I'm in, many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.

Edit

So, like I said earlier I'll do some research about this and I realised that most of you are right. I just discovered that there are many ways people make money out of events, I wasn't too diverse at first before I posted earlier but now I understand.

Judging from these two links the first one is still ongoing while the second one finished last year. So it seems there are different ways to get money in a simple term and be safe with your assets not necessarily mean you must trade especially if you're using a cex

https://medium.com/@fortunedivine04/spin-win-on-bitget-your-ticket-to-exciting-rewards-46b72a605d75

https://www.bybit.com/en/promo/events/earn-carnival

Most airdrops tasks don't even require an advanced level of trading. Just some simple tasks and maybe Patience. I'll advise you to do anything that works for you, just make sure you're making money in the crypto space. Fyi the first event looks charming..I'll explore it further

Issa56

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Quote from: Best-mary on February 12, 2024, 04:37:03 PM

Lately, I have noticed in most crypto groups I'm in, many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.

Trading is not the only way people can make money, some people believe they can make money from airdrops and other things, and I do encourage people to do what works for them most. Some of them don't even have enough capital to start trading, so they believe if they participate in airdrops and make enough money, then they can start trading. And I will also say not everyone is ready to trade, not everyone want's to learn how to trade. Because of the risk associated with it, some people just can't take the risk, so they prefer to participate in things in which they know they won't be risking their money.

If people who are trading are not making money, then they will have stopped, but some people are finding it difficult to trade because they don't want to learn how to do analysis and trade. They are always looking for easy ways, which is why some of them do end up looking for trading signals.

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Before starting any business you should have enough knowledge on fundamental analysis and the other is capital. There are many people in this crypto world who want to venture into trading too early and many people rush into trading without any analysis which leads to huge money losses. There is no shortage of technical analysis in trading and the more you practice the easier you will find for trading. But the dangerous thing is that you should not be attracted by someone else profits fund.

Aanuoluwatofunmi

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Trading is not what we can expect anyone to get into without having the adequate preparation on going into it, there's risk in trading and this doesn't have to do with whether you're knowledgeable in it or not, anyone can make a mistake while trading and it does not mean only the newbies do, but we cannot expect that someone who has no idea on the way to trade or the risk in trading dabble into it without coming empty, everything that comes in with an opportunity has it risk and demands included, those that make trades also have their worst days experience and the ones they also feels excited about while trading.

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I can see why, it is a scary thing to do because there are so many people who lost money while trying to trade, that's the most important reason to be fair. I get that it feels like sometimes it is not that easy to handle, and sometimes we lose money, because of that we should consider the possibility that we are going to end up with a loss here and there, and we need to be more careful about it as well.

I know that we are going to have some issues with this, and this is why we need to focus on how to make some money, but trading is not that easy for many people so they do not make that money from there. It is better to find another way, like long term holding, if you are not sure if you are a good trader or if you want to do it.

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Quote from: Zaguru12 on February 12, 2024, 04:44:58 PM

The reason why you don’t see many people venturing into trading most especially the future trading is the fact that it actually needs two things. One is the substantial knowledge on technical analysis and fundamental analysis, and the other is capital. Trading is regarded as gambling by some and for you to earn from it you have to have your own capital to start off. Just like you said many of those people that venture into hunting for airdrops are those that do not have the capital or aren’t even ready to risk there funds into it, so they result in just investing alone

A high trading skill is required to be successful in trading. And for this a person must understand technical analysis and have a good knowledge of the market. But most of the people do not have this knowledge and jump into trading after seeing the success stories of others. But when they start trading they start losing. And from that time fear came between them. And those who do Airdrops or bounty hunters don't have much capital. Because they are afraid and don't want to take risks it might be less of a problem for them which I agree with

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People are afraid of trading since they know it carries a lot of dangers and is unaffordable for those who lack emotional stability. Some people also prefer not to pursue trading because they need money right away, and trading takes a lot of patience in addition to the education and experience to manage your trading without losing money.

However, even when people are told that there are risks involved with trading, they remain unconcerned because they are already addicted to it and make a lot of money. The one advantage is that they can sometimes lose a little amount of money while also making a larger profit sometimes, that's all about the trade.

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Quote from: Wapfika on February 13, 2024, 05:49:16 AM

Quote from: Best-mary on February 12, 2024, 04:37:03 PM

Lately, I have noticed in most crypto groups I'm in, many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.

Trading have risk while airdrop is free to join for a chance to win free money. Trading is different on airdrop, most importantly trading is not the only way to earn on crypto because there’s DeFi which you can just stake your token to earn passive income and many more.

So joining on airdrops doesn’t mean people is scared on trading but rather they just want to get the opportunity of having free token by free participation. Besides newbie should be scared on trading especially if they don’t know what they are doing because you re just feeding the smart trader your money as their take profit. Trading is complex to earn consistently while investing is the one which is simple that only requires you to hold. Maybe you mixing things here.

I share your sentiment but still feel feel we need to clarify the kind of trading involved here cos spot is safer compared to perp futures and if it
event link shared OP allows participant to choose their preferred type of trading; then no worries it's a go for me as long as tokens I spot trade are determine by me.

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Quote from: sheenshane on February 12, 2024, 06:28:08 PM

Quote from: Best-mary on February 12, 2024, 06:06:57 PM

Quote from: Maslate on February 12, 2024, 05:54:24 PM

These people are probably aware that there is high risk of losing from trading. They don't have the courage to trade knowing they failed to acquire the necessary knowledge and experience that trading needs.

Trading is a profitable activity and a lot of successful traders have been living their success already. For those who don't trade, aside from lack of knowledge and experience, it might be that they are still not ready to lose so they try to avoid trading as much as possible.

But do we know there's a high risk of getting our wallets or exchanges compromised when going for free airdrop. Like clicking links that are phishing, not knowing these, could drop some dangerous malware in our system that's ready to attack us when ever we login into our wallet. I think this should be noted too

Crypto is just a jungle that has a lot of risk regardless

I tend to agree with the line that I highlighted above.
It's full of risk everywhere in crypto, so it has a great advantage for those people who are knowledgeable enough on this field which we know as a battleground of us.

Don't use a non-reputable exchange in the first place if you join airdrop because IMO, airdrop now isn't worth it and most of them are the root of scams. Trading isn't always a way of making a profit, sometimes there's frequently loss just to learn in trading.
So they might be afraid because they aren't yet ready for trading.

You make excellent points about the risks inherent in crypto. Trading crypto is challenging, especially for beginners. Scams and losses are common when starting out. but the solution isn't to avoid crypto altogether or crypto events as there are genuine events that can yield you some bucks. First of all do your research, then seek a reputable exchange that prioritizes security and user protections. Take time learning proven trading strategies. Start small with amounts you can afford to lose until you're confident.

I see OP shared some links too, if you're a newbie always try to verify the authenticity of any link before proceeding especially if it isn't from a site or from a popular exchange you're familiar with. I've participated in spin and win events hosted by popular exchanges like Bitget hence why I say shying away from events or trading isn't the way to stay safe in this industry.

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But there is also a chance that these people experience significant losses in trading, which is why they are afraid to trade. I believe these are newcomers who start their trading journey in crypto without sufficient knowledge. They dive into trading and incur losses. I suggest not getting scared; instead, put your 100% effort into trading and make money from this market.

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Quote from: Best-mary on February 13, 2024, 05:35:56 AM

Quote from: husencoe on February 13, 2024, 03:52:07 AM

I think everyone will do anything to get income. Airdrops are a way to earn money easily and without any risk at all. Who doesn't want to get money for free. I think the airdrops hosted by exchanges require them to transact a few dollars to get started. And that doesn't stoping people from jumping in, especially if it's free.

But I don't agree with you that people like to stay away from trading. I think there are far more traders, we can see from the daily trading volume. If many people are afraid to trade, I think it is impossible for trading volume to continue to increase. It may be true that some people are afraid and doing withdraw, but most return to continue fighting in the market. Moreover, currently the market trend is very good, everyone is certainly taking the opportunity. Maybe some people with thin wallets also have to look for capital to enter the market. But maybe it's just a few percent of traders.

Yes, I think so too. I'm now understanding what others meant by trying out other things. What I was thinking was different from what I researched. In fact I see it now as a good idea in what most of this Cex do..

Some of them just require you to deposit to get some points, do some other task and you're good go.
While some require you to trade. The good thing about these is, even as you trade you earn your profit and also the commission that will be given to you during the events. I really learnt a lot...

And people choose the way they find it is suitable for them. Because there is no urge to become a trader unless you want it or choose to join airdrops if that is only the way we can afford. But some people make a choice where they can earn more and try trading. Well, it is the interest of the person, some will be afraid to take risks which makes them ignore trading. Honestly, trading is not an easy choice for all knowing that it is risky and that needs a high level of market understanding as we can't gain success doing this if we never have these things. And I make it simple, not all are meant for trading, the same thing as why not all are meant for investing.

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Quote from: Oshosondy on February 13, 2024, 04:34:45 AM

Quote from: Best-mary on February 12, 2024, 04:37:03 PM

Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.

There are more than one way to make money. Because you see some people looking for a means to make money, that does not mean they do not have other means that they are using to earn money. You can not just conclude that they are not trading because you see them looking for airdrops. But it is good to know that most traders are not making money, many are even losing. Trading can not be for everybody because it is very risky.

There could be many reasons why many people do not actually trade or why they stopped trading, some of the reasons could be;

Impatience to learn how to trade
Lossing more often than they win
Emotional imbalance
Trading not their thing

Why I personally stopped trading is fear. I am not sure I am using the right word to describe this. I have phobia for trading and this was induced in me from forex trading. I lost more than expected in forex trading, so anything involving candlesticks terrifies me.

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Quote from: Best-mary on February 12, 2024, 04:37:03 PM

Lately, I have noticed in most crypto groups I'm in, many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.

Trading have risk while airdrop is free to join for a chance to win free money. Trading is different on airdrop, most importantly trading is not the only way to earn on crypto because there’s DeFi which you can just stake your token to earn passive income and many more.

So joining on airdrops doesn’t mean people is scared on trading but rather they just want to get the opportunity of having free token by free participation. Besides newbie should be scared on trading especially if they don’t know what they are doing because you re just feeding the smart trader your money as their take profit. Trading is complex to earn consistently while investing is the one which is simple that only requires you to hold. Maybe you mixing things here.

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Whenever I talk to people trading, to those who have no experience, they keep telling me that "they don't have money to invest" or they say "I don't invest in those types of things". I view it as something that they don't want to bother learning more about trading because they probably have little time or something.

You really cannot force people into doing something that they don't want, you got to let them go with it on their own and handle it.

Topic: Why are people getting scared to Trade - page 16. (Read 3003 times)