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.
Before I go further, I just want to ask you, have you try trading by yourself to see the challenges and to know why people don't really like trading, a test will convince you more why people don't really like trading.
Trading involved three basic things, your knowledge acquired about trading, your experience and lastly your time. Some people have the knowledge but don't have the experience and the time because of their outdoor work and hustle, these set of people like to hold their coins rather than waste their precious time looking for support and resistance.
Some people have the knowledge, they have the time but don't have the experience to enjoy the trend of the market, these people try and try but hardly make it in trading and along the line, they gave up and either buy and hold or give up and face other ways to make money.
Only few people trade because it's their hobbies, a lot of people that you think they trade don't actually trade in reality, most especially those Youtubers, they are influencers that depend on bonus from referrals and discount.