Post
Topic
Board Bitcoin Discussion
Re: Top mistakes of newbies in crypto
by
qwertyup23
on 26/09/2022, 16:23:39 UTC
3. unrealistic expectations


Don't get manipulated by profits you see online. 100k profits on a  trading account or a sport car.  you will never achieve that with your $1000 account. understand that and be real with you.
These influencers that are flexing their profits or an individual are showing their profits. But they don't want people to know their losses, I guess a wise person would only believe that person if they're honest with everything which includes the losses.
But, for individuals, it's better not to share any details of what they do especially in profit because they won't know who's trying to catch them personally with those flexing and it could go wrong.

While flexing on a given profit may seem unrealistic, it is indeed possible to reach those numbers BUT it requires tons of experience, luck, and capital in order to achieve this. I agree with you- people who brag about earning $100k+ profits can be very deceiving especially if you consider the overall factors. Unfortunately, those people aim for clickbait titles in order to garner views which they may capitalize on.

Again, cryptocurrencies are "investments" which means that there is no easy way to profit. If there exists such a way, then everyone would have been rich by now.