Wondering Why You're Not Rich Yet?

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Wen Moon, amirite?

I read an incredible satire article this morning that really made my day but also concerned me at the same time. Why did it concern me, you might ask? Well, because it's so believable it made me nearly cringe out of my skin. An investor is confused because he's not rich yet despite following all the pump and dump signals in a Telegram group.

Right off the bat, I was like... This is satire, but I've read stuff so similar that it almost seems real. If you take a minute to peruse the cesspool that is the CryptoCurrency subreddit, you'll see exactly what I mean. It's gotten a little better because I guess people are accepting that their bags of shit coins are not going to the moon...

However, some people still don't get it. They think crypto is a get rich quick scheme. People still join these pump and dump groups. People still fall for these hilariously obvious scam tokens and NFT projects. Then once they get dumped on, they're left "in it for the technology" while being completely dead inside.

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The good thing is that we're in full on bear market and a lot of the noise has been reduced. Projects like SafeMoon that are literal Ponzi schemes will hopefully start dying soon. The fact that there's still people throwing tens of thousands of dollars into this clear scam hoping to get rich is... scary. It really makes legit projects look like a joke, when all you hear about is the price going to the moon.

I've also noticed a large uptick in people referring to these tokens as stocks or shares. That's all fine and dandy, call it what you want. It doesn't make it sound more legit if you're bragging about your SafeMoon shares to the boys. If you did 5 minutes of actual research you'd find out that tokens are not stocks or shares.

This is the irony though, most people get their financial advice from TikTok influencers these days. I even saw one the other day with some idiot talking about the price of DOGE going to $1000 and everyone holding getting rich. This is absurd, and hilarious but the sad part is... People are going to see that and go throw money in then cry when they get rekt.

“Look, I’ve been in the crypto stocks [sic] game for nearly two weeks, and I’ve never seen anything like this, ” Haskell said incredulously. “It’s like every time the group tells me to buy, the price fucking plummets a few short hours later. Personally, I think it’s these wall street fat cats trying to suppress the price; they’re afraid of the power that a behemoth of technology like SafeMoon possesses.”

NEARLY TWO WEEKS?! Better trust their advice.

This is how people act though, especially in bull season.

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I sincerely hope you didn't come to this article to find out why you're not rich yet. If you did, it's because you're chasing an imaginary bag of money. There's no shortcut to wealth unless you happen to get lucky like that guy that bought $10,000 worth of DOGE and became a millionaire. Joke's on him though because he never sold and is not a millionaire anymore.

Dollar cost average. Don't chase insane gains. Keep level headed. Build your stacks while prices are low. Diversify. These are the way to wealth. Don't join pump and dump Telegram groups.

Don't let influencers or scammers dump their bags on you.

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Article written by: @l337m45732 AKA NiftyPhill

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18 comments
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Not everyone can get rich but It's more easier to get rich than to stay rich. And to stay rich you need to make the right decision by yourself and take responsibility for your actions.

I have joined these pumps and dumps when I just started crypto, my crypto journey was more like a gambling journey, but since I deleted the account and focus on doing my own research by reading crypto articles on Hive/leo, it's been more of a learning and earning journey that it was in the beginning.

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All great tips and I never really understood why people never learn after being dumped on a few times. I am glad that I didn't jump into safe moon and it sounds like a blackhole where you were just dumped on.

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Anything that's ever been promoted by tiktok or twitter influencers is a black hole for dumping tokens lol

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Yeah, this is something that I also address quite frequently. Essentially, people want to avoid the journey. They are also unable to appreciate that the journey itself is also a reward and an accomplishment.

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Hello @lbi-token, good article, there are many people who have that wrong thinking that they would become rich immediately and have lost a lot of money on failed projects. Last year many lost money on nft games, were disappointed that they didn’t get rich in a month and quickly moved away from the market. For this market you just have to be patient and not fall into the fear of missing the supposed opportunities.

So long, have a great weekend.

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Crypto signals it is too good to be true.
At the end long term always prevails and crypto is definitely a long term affair.

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I must confess that there are a lot of bag holders in the crypto space. So many people just believe that they can make money from any penny coin, since doge and shiba did it in less than 3 months when they decided to pump.

I have always said that pump and dump telegram groups only favour the owners who seem to be influencers as well as fraudsters. The owner of the group purchases the coin before coming to announce in the group so people can buy the coin, they also sell first before giving the sell signal in the group.

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Good read. And the guy that didn't sell his doge? Another reminder to take profits.

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