Quote from: Bitstar_coin on October 18, 2022, 12:22:55 PM

Quote from: The Cryptovator on May 31, 2022, 04:08:48 AM

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.

Yes bro, greed and fomo always the reason why investors always lose funds and also fall into scams. If you were contented with your first trade this would not have happened to your funds. This are the tough choices an investor needs to make when it comes to selling, sometimes the revers is the case, after selling the price keeps going and you will be in total regret (especially when the project is such that has all the ingredients to succeed).
If it was something easy to detect, investors would pull out their investment immediately they sense the project has the tendency to scam but that is not something very easy to know. Too bad this has happened.

Unfortunately crypto gives people a type of power that they have never received before, allowing to build their own markets. Even though hedge funds and bigger players started to go in, crypto is famously belongs to people, even when those big players joined, we ruled the market and we decided where it will go.

It means it doesn't follow any of the traditional market rules, and all based on hype and opinion. This is why there are a lot of people who uses that power and gets greedy with it and end up losing money because of it. If you are too greedy when the market already gave you a lot, you are going to end up with a big loss for sure, there is no return from that.