A few days back I bought a token from Launchpad. After they Launch on Pancakeswap I made 1.5X and sold. I was happy with that. But unfortunately, the token price grow double every day, then I bought again at the higher price. I thought this was a chance to multiply my portfolio again. Even though it grow 5x but O didn't sell that due to greedy behavior. Eventually, the project rug was pulled and skipped with all the funds. That means I lost everything even including my initial investment. This is how greed destroys us and scammer takes the advantage.
Inevitable and understandable kind of situation. Though it may be called as greedy, but it is the profit that we are always looking for. Not just profit, but huge profit. A high risk high return kind of investment are like gambling. You'll never know whether you win some or lose everything. These rug pulls are kinda being normalized by crypto investors, we are all aware of it but because of its high rewards once you perfectly timed how you enter and exit a project, that's make a lot of people takes advantage of, just like how these scammers take advantage of the people who's chasing to get a huge short term profit.