#XRP
People expect "magic" in cryptocurrencies for various reasons, many of which are linked to psychological, economic, and even cultural factors. Here are some main reasons:
Promises of Quick Wealth
- Many people see stories of investors who became millionaires overnight (like the early Bitcoin buyers).
- The media often highlights exceptional cases, creating the illusion that making a lot of money with crypto is easy.
Lack of Financial Education
- Many novice investors do not understand how the cryptocurrency market works, including its volatility and risks.
- They believe in "miracle coins" that will rise infinitely, without analyzing fundamentals or technology.
Narratives of "Financial Revolution"
- Cryptocurrencies are marketed as a way to challenge banks and governments, attracting those seeking radical changes.
- Projects promise magical solutions to complex problems (such as total decentralization, anonymity, or guaranteed returns).
Speculation and Scams
- Many projects use aggressive marketing to attract investors, promising utilities that never materialize.
- Schemes like Ponzi (e.g., pyramids disguised as crypto) exploit people's hopes for easy gains.
Culture of "HODL" and Belief in Market Cycles
- Some believe that, regardless of the project, the price will always rise in the long term (due to Bitcoin's previous cycles).
- This can lead to irrational decisions, such as holding coins without fundamentals.
Why is This Dangerous?
Scams and rug pulls: Many lose money in fraudulent projects.
- Extreme volatility: Prices can drop drastically without warning.
Uncertain regulation: Governments may ban or restrict cryptocurrencies, affecting investments.
Conclusion
People seek "magic" in cryptocurrencies because they associate them with unique profit and change opportunities. However, the market demands study, patience, and risk management — there are no shortcuts without risks.
