- Nov 22, 2019
- 6,810
- 1,633
Such a big scam in Luna project. And the top gainers in last few days is the new luna. Are majority of crypto investors stupid ? Or someone is too smart to fool people multiple times ?
Are crypto investors stupid ?
- Thread starter onlinemarketer12
- Start date
- Nov 9, 2020
- 3,626
- 2,517
People are not actually stupid, They are greedy and greed takes over
ADA Lovelace
Regular Member
- Jan 24, 2021
- 452
- 376
Just because something is a scam or useless doesn't mean you can't make money. So there are people playing with prices and making money
- Nov 22, 2019
- 6,810
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Yes, just investing based on price movement. No interest in history of coin or background of the founder. The person benefiting from this is corrupt people as founders of various shitcoins.
- Nov 22, 2019
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Very wrong thinking according to me. Same way people promote penny stocks and lot of people loose money in such stocks.
i wanted to buy 10$ xrp one time but i was thinking like you , when the price was 0.0000035$ i lost 1 million dollars bro from this decision so think better and if you lose 10$ is not anything
Lil_
Registered Member
- Apr 8, 2022
- 89
- 53
I wouldn't say investors are stupid. I think there is a small percentage of investors that actually do their own due diligence and stay quiet. My issue with crypto is its all hype until its not. Is this a bear market or is the hype over? I hate going on social media and seeing someone who is about 19 years old telling me about some technical analysis they supposedly created. Then you hear the same thing from the same 8 influencers and they always get in and get out before their following... I don't think Elon should have had any leverage over doge like he did with a couple tweets.
I am not trying to generalize but if people stopped chasing the hype and just literally read for themselves they would be able to sniff out all these rug pulls and scams. Crypto is basically the young crowd of investing and its these young ones chasing and chasing without checking off any boxes. Would I say their stupid? Nah everyone is trying to make money, I don't think that's stupid... Do I think a large majority of investors are easily influenced and trying to get rich quick? Yes
I am not trying to generalize but if people stopped chasing the hype and just literally read for themselves they would be able to sniff out all these rug pulls and scams. Crypto is basically the young crowd of investing and its these young ones chasing and chasing without checking off any boxes. Would I say their stupid? Nah everyone is trying to make money, I don't think that's stupid... Do I think a large majority of investors are easily influenced and trying to get rich quick? Yes
Raikeky
Newbie
- Jun 30, 2022
- 21
- 7
I don't think saying they are stupid is fair because to trade you need a lot of knowledge, just seeing that a virtual currency has a great value doesn't mean you will make money in the long run, you must study the currency, the projects and the environment surrounding it, if you just invest without knowing anything then that speaks a lot about you.
Ruseusti
Junior Member
- Nov 30, 2021
- 106
- 21
People want to make money, so they take chances.
- Aug 31, 2021
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But with projects run by proven scammers? Taking chances where there are high chances that the owner will run away again.
- Nov 22, 2019
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There is benefit of people doing hype. Like if you made a YouTube channel on crypto, you want views. You will then hype about coins so that people watch your channel and you get more views and money.
Lil_
Registered Member
- Apr 8, 2022
- 89
- 53
Yes I understand that and it’s all about building the brand… I’m good with that. but what happens after the hype?
seomaster5
Elite Member
- Oct 31, 2021
- 4,445
- 1,248
This short term earning thing is not reliable. Bow you will bet $3k on next shiny thing and it will drop.
Hawkeye Digital
Rules Violation
- Feb 23, 2022
- 6,320
- 1,709
It all about getting more stupid's evolve in the same circle again and again!
- Dec 3, 2021
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Greedy people are often stupid.