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Author Topic: What’s the biggest lie we’re all telling ourselves in crypto right now?  (Read 588 times)

Offline KryptoBull

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"This is not about the money."

That serves as the default shield, right? Tech, decentralization, community, freedom. But watch behaviour: 98% here for gain rather than code. We stake, farm, flip, ape, pretend to be concerned about values, then FOMO into the next memecoin

Even builders secretly want exit liquidity. Even governance is often just post-sale theatre. We are being human in a system designed to favour curiosity over structure; we are not being bad

So here’s the thing: Can this industry be revolutionary if its core behavior is identical to Wall Street, just faster, more anonymous, and with better memes?

Drop your lie. Say it loud. Make it clear. Then start to rebuild something actual

What lie are you still holding onto? Or worse, consciously enabling?
+
I love this kind of straightforward and direct approach! Everything boils down to economics, money, and profit. Crypto is growing faster than blockchain because most people want to make money rather than explore the potential of blockchain!

Many have convinced themselves that they are pursuing technology and solutions for the future to soothe their investment emotions. This happens because they don't fully understand the nature of the markets, the necessity of high liquidity, and the crucial role of crypto for blockchain. I'm lucky not to belong to this group; I'm more pragmatic. I invest in crypto to make a profit, not to feel like I'm keeping up with the 4.0 era. I'm worried because the BTC price dropped by 10%, but I slept soundly when the OM price lost 90% of its value because I didn't have OM in my account :)

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Offline albon

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There is no alternative to money to manage life so it is true that all of us here are working for money. Since it is human nature so any person can get this source of earning money from crypto if they want. Crypto is not legal in my country yet many of us are involved in this crypto. I think my income is not illegal because i earn this money through various jobs. Those who have been investing in bitcoin for a long time here will never be disappointed. However, those who struggle with investing in altcoins are at a loss to some extent. We have seen that most altcoins initially have good hype but after a while, all those altcoins die.

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If we are going to treat this as just an investment thing then there is no way forward, the Loop will go on and on, new shitcoins will come and replace the old ones, making the earliest one to grab to opportunity to richer while the average user is just gonna be on the losing side for most of the time.

Decentralisation, an effective tool against the rigged fiat system is what we should adopt when it comes to crypto currency rather than just bump and dump.
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Offline Rruchi man

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Or worse, consciously enabling?
One of the biggest lies is that everyone who invests in cryptocurrency will be rich.

That is a lie because not everyone will be rich from cryptocurrency; there will be investors who be left poorer from investment in cryptocurrency and that may be as a result of the choices they make of what to invest in, security choices as well too.
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Offline enwi

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Or worse, consciously enabling?
One of the biggest lies is that everyone who invests in cryptocurrency will be rich.

That is a lie because not everyone will be rich from cryptocurrency; there will be investors who be left poorer from investment in cryptocurrency and that may be as a result of the choices they make of what to invest in, security choices as well too.
Not all storeys have a happy ending in the reality of the crypto market. While some of them have experienced whopping rises in the value of their assets, many perhaps experienced nose dives taking them bankrupt. Regarding entry and exit strategies the specific time that a firm decides to enter and exit a certain country, the type of asset that is used in the country and the length of time for which the firm intends to hold such an asset has a great influence to the final outcome. A few may obtain the information from unreliable sources or be carried away by undertaking a project with dreams that are out of this world. Such circumstances can cause us to avoid any possible dangers that are visible right from the onset. That is why, when euphoria prevails in the overall discourse, the range of areas that can be rationally assessed is unconsciously limited, and that is where unproductive losses can begin.

Offline jeraldskie11

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Or worse, consciously enabling?
One of the biggest lies is that everyone who invests in cryptocurrency will be rich.

That is a lie because not everyone will be rich from cryptocurrency; there will be investors who be left poorer from investment in cryptocurrency and that may be as a result of the choices they make of what to invest in, security choices as well too.
I agree. I think many of us were here because they thought we will become rich if invest in cryptocurrency. I'm not expecting that you will surely get rich 100%, but I thought that to become rich here in crypto is not so hard. But now, I realized that it's not easy, I understand why many traders or investors losing money than those who really can. We have to consider things in order to make money here especially if you want to be a profitable trader.

Offline DaNNy001

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"This is not about the money."

That serves as the default shield, right? Tech, decentralization, community, freedom. But watch behaviour: 98% here for gain rather than code. We stake, farm, flip, ape, pretend to be concerned about values, then FOMO into the next memecoin

Even builders secretly want exit liquidity. Even governance is often just post-sale theatre. We are being human in a system designed to favour curiosity over structure; we are not being bad

So here’s the thing: Can this industry be revolutionary if its core behavior is identical to Wall Street, just faster, more anonymous, and with better memes?

Drop your lie. Say it loud. Make it clear. Then start to rebuild something actual

What lie are you still holding onto? Or worse, consciously enabling?

For me I think I have been stuck with this mentality that there is actually gonna be an altcoin that would surpass this whole success that Bitcoin has gotten although sometimes it even make me laugh but hey you can't blame me, and the reason for all this  is because of how and what the early pioneer of Bitcoin have missed out when they actually didn't know and sold of their coin like the famous papa Laszlo who bought pizza with a crazy value of Bitcoin in today market rates.

So what's your take on my taught although it's a hopeful theory but deep down I know it's virtually impossible.
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Offline Bryancrypto

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While decentralization is a great concept, many ecosystems are still influenced if not controlled by a small group of investors, whale's or developers.The lie is that decentralization guarantees fairness, Protocol often seems democratic by governance,but participation is low. Biggest holder's still dominate decision making.

Offline ajiz138

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Or worse, consciously enabling?
One of the biggest lies is that everyone who invests in cryptocurrency will be rich.

That is a lie because not everyone will be rich from cryptocurrency; there will be investors who be left poorer from investment in cryptocurrency and that may be as a result of the choices they make of what to invest in, security choices as well too.
Well our biggest lie could be our overconfidence so that we are not realistic in seeing things, especially in this crypto space.

As you said, there are people who have become rich and changed their finances because of crypto and I agree that nothing is impossible. But don't let it blind us so that we can't see things realistically, well that could be a lie that we do too.

Offline MrSpasybo

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If we are going to treat this as just an investment thing then there is no way forward, the Loop will go on and on, new shitcoins will come and replace the old ones, making the earliest one to grab to opportunity to richer while the average user is just gonna be on the losing side for most of the time.

Decentralisation, an effective tool against the rigged fiat system is what we should adopt when it comes to crypto currency rather than just bump and dump.
Well, I reckon very few investors in the market really think about the core values of blockchain and crypto; most just focus on the "finance" aspect when they come into this space. They trade crypto because it can bring them profits in the short and long term, and their goal is pretty clear: to make gains to have a better life.

This is totally normal, similar to the mindset of stock market investors. They don't care about the form of capital mobilization to leverage resources in society, they just want to buy stocks low and sell them high. We can't expect the majority to understand complex and obscure stuff.

Personally, I think the most dangerous deception in the crypto market is about the supercycle and the maturity of blockchain technology. Investors are constantly encouraged to become greedier and more optimistic, which can cost them dearly when they FOMO and end up taking losses!
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Offline DavetJack

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    too active, 25 Posts in one day Signature Avatar
Many people tell many lies in this crypto market, one of the biggest lies is that many people now tell themselves that they are investing for a long time and they themselves say that they are holding. We, who live in the crypto market in our real life, know very well that many people get scared by the ups and downs of the market and they only invest in the hope of quick profits, but they convince themselves that they are holding for a long time. Who can be seen in emotion, they enter there after seeing others' profits, but they tell themselves or convince others that they entered after analyzing. This has happened to many people.

Have you invested in the crypto market or are you still thinking about starting?

Offline slapper

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    Topic Starter Karma Good Karma
I don't know what you are calling a lie, people are in it for different reasons, there are coders who are there for the code and there are investors who are there to make money, etc. This does not mean that people are telling themselves a lie, there are different use cases and people just have to choose what they want.
people enter the space for different reasons. But not all those reasons are all neutrals. Yes, some are here for code. But many so-called “builders” are just chasing tokens, VC checks, and exit liquidity

A lot of coders learn Solidity or Rust not because they care about decentralization or freedom from centralized power, but because they see a high-paying niche. And that's fine, it's human. Not everyone’s building toward the same vision. Some are building apps, some are building bags

Or worse, consciously enabling?
One of the biggest lies is that everyone who invests in cryptocurrency will be rich.

That is a lie because not everyone will be rich from cryptocurrency; there will be investors who be left poorer from investment in cryptocurrency and that may be as a result of the choices they make of what to invest in, security choices as well too.
The myth that “everyone gets rich” from crypto is just that - a myth. Markets are not utopias; they are distribution vehicles. Every advantage has a corresponding drawback - someone leaves while another enters late. Most individuals mistake access for advantage. Simply because everybody can buy does not mean everyone should, or that timing, security hygiene, or cognitive bias don’t matter. Scams, FOMO, overleveraging, those aren't bugs, they're recurring patterns in human behavior

This isn't anti-crypto. It’s anti-delusion. If crypto is going to develop, we need more accountability clarity and less sales presentations
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Offline target

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    One year Anniversary 10 Poll Votes Linux User

Have you invested in the crypto market or are you still thinking about starting?

I think he already invested in crypto and just realized he been lying to himself like the many who had been around in crypto. Some of us are still believing some tokens being airdropped to our wallet will have a good value in the bull season.

But if we are to consider the bullrun had started since last year. I could be lying about the bullrun is still to come, I'm sure altcoins holder also believe there will be altcoin season which it seem to be delayed too much.

 

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