Success comes with a price
I came across a post on WhatsApp today where a guy claimed that Crypto is the easiest way to print money. I respectfully disagree with this belief since it can mislead people into losing money. While Crypto may seem like an easy way to make quick cash, it is important to remember that there is always a price to pay for everything. Investing in Crypto requires careful consideration and can be a challenging process, especially when starting out. Making money from Crypto is not always a straightforward process and can come at a significant cost.
This is the kind of belief I had when I joined Crypto in 2018, and I lost almost every penny I had due to a lack of knowledge and experience. The price to pay most times in Crypto It's not always about the money you are earning, it's about the fear, market vitality, greed, and so on that comes with crypto, simply because not everybody can handle an 80% loss of their money. Sometimes it's even worse. We have a project that has been around for 7 to 8 years and lost 97% of its market value in bear season, and the truth is not everybody can handle this pressure, and these are the prices you pay in Crypto.
Sometimes the weak hands are not weak but lack experience and knowledge
We often get caught up in the illusion of quick profits that people post online. This illusion creates a false sense of wealth and encourages people to take risks without fully understanding the potential consequences. People invest their hard-earned money based on the belief that they can quickly make a fortune through cryptocurrency, only to lose 40 to 50% of their investment in just a few months. This sudden loss causes panic, and many people sell their investments without fully understanding the project they invested in. The motivation behind these investments is often driven by the desire for quick wealth, rather than a genuine interest or understanding of the project.
This is what creates weak hands most of the time, where people cannot hold their coins during the bear season phase simply because their orientation was not right from the start, and by the time they get to know how the market works and also paying the price for what they will be earning in the future, they get scared, the pain becomes unbearable, the lack of sleep and the fear of them losing all their life savings o overwhelm them. Because of this, they sell without even considering the price anymore. They just want to take something out without losing it all.
There is always a price to pay for every success story
Understanding all sources doesn't come easy. For instance, you may think you can easily pick a lock by looking at how simple they are until you try it yourself. Similarly, when people hear about individuals who have made millions from Memcoin, they may assume it's simple. However, when they try investing their money into some of these shitcoins that plummet to zero within a couple of hours, and calculate their losses, they quickly realize that the risk isn't worth it. Investing may seem easy on paper, but can you handle it?
Success always comes with a price, and we should never underestimate the effort required to achieve it. Though the payment may seem simple, we must be prepared to pay it. However, we should be cautious and not rush into making a financial decision without proper research. It's always better to be prepared and avoid regretting our choices later on
More from dwayne16
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Is it stupidity or manipulation
Analyzing the market is good for everyone in crypto.
Invest in what you understand.
Thanks for your time.
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That's just it, there is always going to be a price for everything. Seeing how many investors cash out on a daily basis gives some novice the impression that they can also make something big too but like you said, it goes beyond that.
The greed is the major part that make people run into a project without making their own researches. I hope this becomes a eye opener and a reminder to those who are about going astray 😂
Crypto isn't easy at all, the person who think it is easy might not have any knowledge about it, I am in this field since 2019, and still learning instead of earning lol
I believe that not all people are made to be investors. I have a friend that gives me the worst investment advices and the emotions are eating him when he had to make a decision. Some find success through hard work, others through smart and analytical thinking.
Making money and being successful is hard. There is a chance you be lucky but I don't think that is very likely. It requires effort and research to make sure that you can succeed. It takes time for most people and the people who say it's easy are scammers (in my opinion).
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Success is a process more than anything else because when we learn that choosing a selective approach most probably can go wrong, that is when we reach one step ahead.
People might have belief or disbelief and the notion can be wrong also. But when they learn it was a stupid decision made, then they move forth and change it - thats how success leads on.
In crypto its about knowing the market, analysing own assets and channeling into a nice direction at a decent time.
For us to really get to that top, we really need to be determined that no obstacles will limit us along the way. That is just the truth we just need to keep going and going no matter what and make sure that things work out as expected