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.
In my opinion, the most obvious reason why people are afraid to trade is because the expected profit is smaller than the loss obtained. This reason is strengthened by not having adequate knowledge about trading. They also can't afford to think every day about technical and fundamental analysis, so it's not wrong if the people you mean are willing to spend time involved in airdrops that don't require them to spend money.
Topic: Why are people getting scared to Trade - page 7. (Read 1446 times)
Crypto is just a jungle that has a lot of risk regardless
And just like in the actual jungle, there are traps and beasts that might devour you. That's the same here, you'll never know if it's going to be on your next step.Or there are wild beasts that are watching you just like the term we use about the whales buying those sold cheap bitcoins due to panic and they're the ones devouring the weak hands(animals) on this jungle.
Trading involves profit vs. lose, and base on historical data available, 95% of traders lose money in trading and that makes it look so scary for people who want to venture into trading to dive in. On before now, future trading was meant for institutions because it requires huge amount of money to participate, such as Bank and hedge funds managers and not for retail traders, but the brokers made it easy for retail traders to get involved by introducing what is called leverage.
To be honest trading requires participants be financially stable before you should get involved, a lot of people are trading with the mindset of becoming rich overnight and aren't patient with the market and trading set ups, that's why they end up losing.
To be honest trading requires participants be financially stable before you should get involved, a lot of people are trading with the mindset of becoming rich overnight and aren't patient with the market and trading set ups, that's why they end up losing.
They are not just scared but it is obvious that they lack of knowledge about trading to gain courage. It was a big mistake to get into something that you never knew well as it was just a suicide. I could understand why people are afraid rather than appreciate those people who traded even though they were not prepared.
Trading is a choice, not an urge. So we don't get shocked if someone ignores this because they feel not comfortable doing this knowing that they are capable enough. It is better to be safe rather than take risks even knowing that just have a slim chance of becoming successful.
You wouldnt really be having that courage if you do lack knowledge on which it would really be just that normal but on the time that you do have that at least the idea then for sure you wont really be that be afraidTrading is a choice, not an urge. So we don't get shocked if someone ignores this because they feel not comfortable doing this knowing that they are capable enough. It is better to be safe rather than take risks even knowing that just have a slim chance of becoming successful.
on trying out to thrive on doing trading. Fear or having those doubts then it would be normal but if you are really that having those plans on engaging into it then its better that you should really be doing the basics.
Fear is normal but once you do able to make those learnings out of those experiences then time will come that confidence would really be build up.
Trading is never been that easy but not something impossible for you to learn with. So it would really be just that normal that you would be able to experience
those losing money experiences and this is where you would really be learning and in next time then you would really be making those kind of adjustments.
So it would really be just that better that having those kind of acceptance and being that versatile.
They are not just scared but it is obvious that they lack of knowledge about trading to gain courage. It was a big mistake to get into something that you never knew well as it was just a suicide. I could understand why people are afraid rather than appreciate those people who traded even though they were not prepared.
Trading is a choice, not an urge. So we don't get shocked if someone ignores this because they feel not comfortable doing this knowing that they are capable enough. It is better to be safe rather than take risks even knowing that just have a slim chance of becoming successful.
Trading is a choice, not an urge. So we don't get shocked if someone ignores this because they feel not comfortable doing this knowing that they are capable enough. It is better to be safe rather than take risks even knowing that just have a slim chance of becoming successful.
I personally spend more of my time in trading. But I'm also still active in hunting for airdrops or some kind of testnet or whatever. Although I don't have big hopes from the airdrop. But I still remember that my biggest profit actually occurred not from trading alone but from several projects that held airdrops, many of which gave me profits that were even worth the profits I had traded for 1 month. So working on airdrops is more like a hobby for me. And to make a profit I stay in my trades.
But I also have an acquaintance who doesn't like trading but prefers to participate in airdrop prize hunts and such. He focused there and seemed to enjoy it. But he himself has another job that makes money. So it seems like he is only working on airdrops for a side business and fun. So it's just about choices and interests in life. It's not a matter of being afraid or not.
But I also have an acquaintance who doesn't like trading but prefers to participate in airdrop prize hunts and such. He focused there and seemed to enjoy it. But he himself has another job that makes money. So it seems like he is only working on airdrops for a side business and fun. So it's just about choices and interests in life. It's not a matter of being afraid or not.
First of all, congrats that you are moving in the multi-dimension so that your growth is not dependent on the market path, but you've mentioned actively hunting the Airdrops, and have no hopes can I ask why? because airdrops are worth considering for those who have little portfolio in the crypto market, Airdrops have the potential to drive exponential gains for you sometimes free and sometimes based on the farming you've done.
Airdrops are fun with grater rewards but in trading, you need to be a fully disciplined and well-skilled person, with a sharp mindset, a person who should realize what decision can save him and what decision can ruin his all time earnings based on his risk management startegy.
I personally spend more of my time in trading. But I'm also still active in hunting for airdrops or some kind of testnet or whatever. Although I don't have big hopes from the airdrop. But I still remember that my biggest profit actually occurred not from trading alone but from several projects that held airdrops, many of which gave me profits that were even worth the profits I had traded for 1 month. So working on airdrops is more like a hobby for me. And to make a profit I stay in my trades.
But I also have an acquaintance who doesn't like trading but prefers to participate in airdrop prize hunts and such. He focused there and seemed to enjoy it. But he himself has another job that makes money. So it seems like he is only working on airdrops for a side business and fun. So it's just about choices and interests in life. It's not a matter of being afraid or not.
But I also have an acquaintance who doesn't like trading but prefers to participate in airdrop prize hunts and such. He focused there and seemed to enjoy it. But he himself has another job that makes money. So it seems like he is only working on airdrops for a side business and fun. So it's just about choices and interests in life. It's not a matter of being afraid or not.
I understand reading your edit that you already have an idea of fear...
I think it is not about fear, it is always something normal, no one wants to lose money, but when you manage to stipulate the loss as a stimulating factor to stop being afraid, it is the way to turn that fear into a profession or being able to trade.
Overcoming fear is just the beginning, it does not guarantee success...
That same situation, whether successful or not, in commerce, leads you to various "opportunities" among those you mention, the airdrop, etc. Then you simply decide what you want to do, but no matter what you do, one way or another you end up trading.
I think it is not about fear, it is always something normal, no one wants to lose money, but when you manage to stipulate the loss as a stimulating factor to stop being afraid, it is the way to turn that fear into a profession or being able to trade.
Overcoming fear is just the beginning, it does not guarantee success...
That same situation, whether successful or not, in commerce, leads you to various "opportunities" among those you mention, the airdrop, etc. Then you simply decide what you want to do, but no matter what you do, one way or another you end up trading.
I agree most people doesn't want to lose their money but want to keep in profit in trading, we know that thing is impossible because anything can happen in trading especially when we trade altcoins which the risk is more bigger than Bitcoin. to overcome our fear and making ourselves ready to lose is using money that we can afford to lose because it won't burden your mind when we losing at trading tho. Many new traders entering crypto market just want to earn lots of money without realising the risk behind it, in the end they start with minimum knowledge.
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.
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.
Most traders that really mean business know how to navigate through the world of crypto and earn from all sources available to them, obviously those are some of the ways they can recover their losses. Many traders will not tell you that it wasn't only trading that gave them the success they are enjoying now. Rather, they learnt to diversify early and are earning through;
- crypto lending
- Staking
- Airdrops
- Crypto games
- Mining
- Being members of Cryto related forums like Bitcointalk forum where they join signature campaigns and earn
- And even Buy and hold which is very common
I understand reading your edit that you already have an idea of fear...
I think it is not about fear, it is always something normal, no one wants to lose money, but when you manage to stipulate the loss as a stimulating factor to stop being afraid, it is the way to turn that fear into a profession or being able to trade.
Overcoming fear is just the beginning, it does not guarantee success...
That same situation, whether successful or not, in commerce, leads you to various "opportunities" among those you mention, the airdrop, etc. Then you simply decide what you want to do, but no matter what you do, one way or another you end up trading.
I think it is not about fear, it is always something normal, no one wants to lose money, but when you manage to stipulate the loss as a stimulating factor to stop being afraid, it is the way to turn that fear into a profession or being able to trade.
Overcoming fear is just the beginning, it does not guarantee success...
That same situation, whether successful or not, in commerce, leads you to various "opportunities" among those you mention, the airdrop, etc. Then you simply decide what you want to do, but no matter what you do, one way or another you end up trading.
In my view, people are scared to trade because of the fear of losing and allowing there emotions come to play, being over conservative about ones trade do affect it too.
Studying and also listening to Trading talks will help a lot of traders who are having such issues.
Traders should also level down there expectations and also know that losing money is part of the process but with right approach(strategy) it can be reduced but not eliminated.
Studying and also listening to Trading talks will help a lot of traders who are having such issues.
Traders should also level down there expectations and also know that losing money is part of the process but with right approach(strategy) it can be reduced but not eliminated.
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.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.
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.
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.
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.
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.
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.
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.
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. 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 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
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.
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.
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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