1️⃣ The dream of striking it rich is too tempting: doubling assets in 10 minutes, who wouldn't be tempted?
Every day seeing legendary stories of waking up to find two extra zeros in the wallet—Bitcoin, Dogecoin, and all sorts of unknown new coins… Every get-rich myth is like a lottery advertisement, making one wonder: 'Maybe I am that lucky one?' In reality, many have lost badly and exited, but the stories of getting rich are repeatedly circulated, definitely a case of survivor bias!
2️⃣ Full throttle excitement: can trade anytime within 24 hours, even more thrilling than binge-watching shows
The crypto world never takes a break! At three in the morning, still staring at the phone, watching the K-line charts rise and fall, the heart races along with it. When prices go up, thinking 'let's make another profit', when they go down, thinking 'buy the dip and turn it around', dopamine surges wildly, more exhilarating than drinking ten cups of milk tea.
3️⃣ Afraid of missing opportunities, never daring to put the phone down
Group messages, predictions from big shots, analyses from internet celebrities… The overwhelming information feels never-ending. One always feels that they might miss the 'get-rich-quick secret' if they're not careful, leading to more anxiety and compulsive scrolling, becoming a 'worker' of information.
4️⃣ Finding a sense of belonging in the community
A phrase 'HODL! TO THE MOON!' instantly connects with like-minded people. If someone loses money, there's consolation; if someone makes money, there's a cheer together. This sense of togetherness is intoxicating, making it hard to leave.
5️⃣ Reluctant to lose money, getting deeper and deeper
"Wait until I break even and then I'll pull out", how many people have been fooled by this! Losing 100,000 and wanting to earn it back, making 100,000 and wanting to multiply it tenfold… The gambler's mentality combined with the fear of loss leads to losing all sense of rationality and money.
6️⃣ Thought I found the 'road to freedom'
Tired of the 996 work schedule, dissatisfied with low bank interest? The crypto world claims to 'break conventions and trade freely', making people feel like they can control their lives by trading coins. In reality, it might just be a different place to be a victim.
7️⃣ The feedback on earnings is too quick, work can't compare at all
Working hard for half a year just to get a pay raise, while the crypto market fluctuates by the second. This quick feedback on results is as addictive as clearing a game, even if it eventually leads to dire losses.
To be honest, this place in the crypto world isn't so good that it can change one's fate, nor so bad that it leads to ruin. It's like a mirror, reflecting all the greed and fear in human nature clearly. Many people get trapped, seeking not just money, but that desire for a 'turnaround in one night'!
