๐ฐ Why Is There So Much Greed in Crypto? ๐ง
In crypto, greed often kicks in when prices start pumping ๐ and people see quick profits. Here's why it happens:
Fast Money Mentality ๐
Crypto moves fast. People see others getting rich overnight and want in โ hoping to multiply their money quickly.
Fear of Missing Out (FOMO) ๐ฑ
When a coin pumps, people donโt want to miss the next big move. That fear fuels greed, making them jump in even when itโs risky.
Lack of Patience โณ
Many traders chase quick wins instead of long-term strategies. They want more, faster โ which leads to overtrading or holding too long out of greed.
Emotions Over Logic ๐ฅ
In a bull run, emotions take over. Instead of taking profits, people get greedy and hope itโll keep going upโฆ often until it crashes.
Echo Chambers ๐ฃ
Telegram groups, Twitter, and influencers hype up coins. This creates a herd mentality that feeds collective greed.
๐ง Remember:
The market rewards discipline, not emotion. Greed can turn profits into losses real quick. Donโt let hype control your strategy.