What’s the biggest lie we’re all telling ourselves in crypto right now?

[yhiaali3]

You made great points buddy, the truth is that we are all in the industry for the sake of making money but no really in a short while, every space have it concept, Bitcoin is a long-term investment as such everyone channeling his energy or wanting to invest in it should have a long-term mindset, just as you said money is part of everything in this planet earth and I don't think anyone will want to dispute the fact that what we all are hustling for is the money and I don't think is bad to chase money but it should be in a legitimate manner so that you don't attract unnecessary attention and karma to yourself.

Yes, my friend, this is a fact no one can deny: we're all here for the money...
It's true that we write here on the forum to exchange experiences and knowledge, but we're also seeking money. The important thing, as I mentioned, is that things are done naturally and legally, without fraud or deception.

One of the most important things in this world is for your work to be in a field you love and believe in. We all love Bitcoin, believe in it, and make money through it. This is wonderful because this field is far-reaching and full of good opportunities from which you can earn a lot of money.

[milewilda]

Money is always motivator for humans, and I don't think there is anything wrong with it. On a flipside, look at this way, crypto has value because people must be finding something in it that's worth having value.

Lets just that be real on here is that if ever this crypto space wont be able to give out that money making opportunity or lets say that it doesnt give out that huge profits then it will be that not getting that much attention but since we are seeing the opposite and could give out that kind of chance then this is what mainly people are that focusing or trying out to focus into. Some says about on the utility? I dont believe much because whats up into our mind is on how you make easy profits in a short term period and thats the main approach for most people. So it wont be shocking if people will be sharing up with the same mindset and sentiment all the way. So it will be that up to you into this aspect.

[lombok]

Lets just that be real on here is that if ever this crypto space wont be able to give out that money making opportunity or lets say that it doesnt give out that huge profits then it will be that not getting that much attention but since we are seeing the opposite and could give out that kind of chance then this is what mainly people are that focusing or trying out to focus into. Some says about on the utility? I dont believe much because whats up into our mind is on how you make easy profits in a short term period and thats the main approach for most people. So it wont be shocking if people will be sharing up with the same mindset and sentiment all the way. So it will be that up to you into this aspect.

I also believe that most people invest in cryptocurrencies to make some quick gains and I think that is alright. But we can also note that in gaining the ends goal where everyone is seeking to make profit without knowing what they are investing in, the end results are always a disappointment. That is why for projects that could take time a little more is desired than just guessworks. Of course, long term vision is not all, but if you decide to stay on the surface, you will drown when the waters rise. You can play for the results, but at the same time, it will not be disadvantageous for you to check other values ​​that can actually bring you even greater advantages without you realizing it.

[JoyMarsha]

What kind of lie do you think someone will be holding onto about crypto. Is it that people can't achieve financial freedom through bitcoin investment or crypto is a pump and dump that scam people's money? Whichever one, you think or feel, I am 100% trust worthy of Bitcoin to be true not lies. What we have learn about it, is what it is, no lies.

[Zed0X]

When I was still new and participating in many start up sales/airdrops, I was forcing myself not to sell as a way to support the so called 'projects'. At the back of my mind, I wanted to sell so bad because other people were already dumping their tokens. At the end, I lost some money because of this 'support'

[Fivestar4everMVP]

"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?

It is in human nature to do things for gains, people put their money where they have the potential of getting it back with profit, and this does not necessarily mean that they do not care about the tech or the growth of the industry they are in, it is he who is alive and well that countributes to the growth of any new innovations and tech, and for man to remain alive and well, he needs money, he needs to make some money from whatever he's interest is in, this not only serves as a motivation but also helps the man sort out some basic issues that possibly would have hindered or obstructed his continues participation in the development of that innovation or tech, this is simple to understand I believe....

Imagine you have something you really love doing, like maybe singing, you want to become a musician because you love songs and want to contribute your talent to see the music industry grow, you will have to at some point start making money off that music, else, your love for music won't keep you singer for long, at a point, cares of life will force you to quit, give up on music to do something else that fetches you money.

This is how it is with crypto, many of us are here for the tech and want to see it grow, adopted and used by every single person in the world, but to keep staying here and contributing to the actualization of this goal, we need to make money, as a means of sorting out life issues and staying highly motivated, this is completely different from telling ourself lie.

+1

[Trongduy]

What kind of lie do you think someone will be holding onto about crypto. Is it that people can't achieve financial freedom through bitcoin investment or crypto is a pump and dump that scam people's money? Whichever one, you think or feel, I am 100% trust worthy of Bitcoin to be true not lies. What we have learn about it, is what it is, no lies.

I believe the crypto market is filled with lies: lies about ICOs, lies about DeFi, about GameFi, and lies about BTC's position in this market. In 2022, many people said that BTC had lost its strength and would soon hand over this market to altcoins, but reality has proven the opposite: BTC dominance has continuously increased, and altcoins have been severely bled out.

I always say that BTC has the top value in the crypto market, but I myself allocate a portion of my capital to DCA into altcoins and am currently experiencing losses from them, while BTC continues to rise in price and bring back huge profits. I don't think it's exactly a lie, it's just that talking is easier than doing, and people like to say things that are easy to hear while wanting to act in a way that maximizes their own benefits.

[LogitechMouse]

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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?

Hmmm. I can't think of any TBH.
I can say "Everybody can make money on cryptocurrency", but I'm not saying it to myself nor to other people out there. The only people that are saying that phrase are those so-called gurus that are taking advantage of those newbies out there in order for them to make money.

There are no lies that I'm telling to myself. I hate lying, and despite the fact that there are times where I'm lying especially I needed, I hate liars (so maybe I hate myself as well ).

[taufik123]

Lying when I got a lot of losses, but I told my friends and family that I got that gain,
even though I felt sick and mentally disturbed when I lost my dollars to scam coins.

It was indeed painful and trying to lie to cover up such an embarrassing failure.
Lying to cover up the failures we committed, but it will instead only hinder our own development in crypto,
because people believe I am a professional, but in reality it is just a trader who is too panicked.

[MRY]

Lying when I got a lot of losses, but I told my friends and family that I got that gain,
even though I felt sick and mentally disturbed when I lost my dollars to scam coins.

It was indeed painful and trying to lie to cover up such an embarrassing failure.
Lying to cover up the failures we committed, but it will instead only hinder our own development in crypto,
because people believe I am a professional, but in reality it is just a trader who is too panicked.

Honestly I have done it that, by covering up losses with lies may seem a way of saving your pride, but it just worsens the situation because one time or the other, your friends or near ones will use your money to ask for things like to buy food or buy necessities that are actually not so important as they believe you have profited a lot.

From every failure in trading or investing or trading lessons are learned and in fact lessons can even be used to improve strategies and mindsets in the future. It may be simple, but honesty to yourself and those closest to you (especially your family) may be the first step to getting out of the cycle of failure. Whenever you will make mistakes and learn from them, you will not only be an improved trader as far as the business goes, but also you will be able to face the challenges of life with a much lighter heart and a more calmer state of mind.

[SPOON_MOJO]

Most of us came in talking about decentralization and altering the system but deep down we’re seeking profits just like Wall Street does. I guess the fiction I clung onto was that I was here for the tech but really I was here for the gains like everyone else. It doesn’t make us wicked, but it does mean we need to be honest if we ever hope to construct something substantial. Maybe the real revolution starts with that type of honesty.

[bitterguy28]

Most of us came in talking about decentralization and altering the system but deep down we’re seeking profits just like Wall Street does. I guess the fiction I clung onto was that I was here for the tech but really I was here for the gains like everyone else. It doesn’t make us wicked, but it does mean we need to be honest if we ever hope to construct something substantial. Maybe the real revolution starts with that type of honesty.

some of those who are in the crypto industry really are interested in the technology part of it though we can say that probably most of us got into crypto in the first place because there was a promise of a profit but as we get deeper into bitcoin we can realize that there are more things to learn about crypto and we can use other skills to use crypto to its full extent

[Alone055]

Saying that 98% of us do that is wrong because even though a large percentage do that, it's not that large. It's mostly newbies who enter the market, invest some money in Bitcoin, see the price going down and behave like they are too concerned, and then you will see them making investments in meme coins which are the most dangerous ones in this market and can eat up your invested capital in no time if they aren't hyped up much.

Those who suffer from FOMO are also newbies, and they do it because they don't have any knowledge about the market, because if you have knowledge or experience about the market, you would understand what time is and what time isn't good for making an investment or making an entry in a coin. If you can see that it has already peaked so much, you should know that the chances for it going higher are low, especially if the coin is new and the time in the market isn't the bull run time.

[Abeo]

"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?

To answer your question we have to understand how Wall Street works. First of all, the anonymous feature you already mentioned, to summarize it, I will say on Wall Street we have to go through strict KYC and documentation, and it is mostly for institutional investors while cryptocurrency trading doesn't need strict KYC and documentation.

Anyone can start trading, selling and buying. Wall Street primarily is in USA market while the cryptocurrency market is international market which can't be impacted directly by USA only although for now USA have huge impact on cryptocurrency too because of Trump's BTC campaigns.

This industry and Wall Street are two opposite markets with different structures, I love cryptocurrency and hate Wall Street for number of reasons.

[taufik123]

-snip-
From every failure in trading or investing or trading lessons are learned and in fact lessons can even be used to improve strategies and mindsets in the future. It may be simple, but honesty to yourself and those closest to you (especially your family) may be the first step to getting out of the cycle of failure. Whenever you will make mistakes and learn from them, you will not only be an improved trader as far as the business goes, but also you will be able to face the challenges of life with a much lighter heart and a more calmer state of mind.

Honesty is indeed the key, if you are not honest with yourself, how can you be honest with others.
This is indeed a turmoil that will continue to interfere when the trade fails but seems to get success because it only wants to be considered a professional trader.

I learned from every failure that not all failures will be bad, in fact it is a reminder to keep improving and not to experience the same failures.