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RE: My First ICO Experience | DMarket ICO | Not Pleased
I think the pattern you noticed is quite accurate. I started with Coinbase but then moved onto Poloniex because GDax isnt available for Canadians. To be honest, I do feel like I'm getting more greedy. When I first started, I was excited just to make my first $100 profit but now that's nothing to me.
I have considered investing in an ICO but I just don't like the probability of being scammed. I might do one in the future just to see what happens, but as of now, I am happy investing in established cryptocurrencies and seeing those gains.
Hey @kenanqhd yeah I notice alot of my friends newer to crypto kind of follow a similar path to what I did in terms of starting on one platform, then getting interested in alts, etc, etc, etc.
It's kind of funny what you mentioned about getting greedy. I think its very interesting how prior to crypto like a 10% gain in the stock market on the year was pretty impressive. Now 10% in a week is like WTF is going on what's with the slow growth?
I actually have made a couple posts basically asking is crypto ruining us in terms of how we view money and investment returns, are we getting spoiled, etc. I recently told a buddy about a coin I thought would triple in value and he said that's not enough for him. I was like really, are you serious? But everyone is looking for the 100x gains these days.
I think it increases people's expectations and that can often help them actually. If you look back throughout history, people have the ability to make more money than ever. Before, only certain people with high status had money, then you had the industrial revolution and that created many jobs for people. With the invention of the internet, money has become even more accessible. People can make tons of money with affiliate marketing and selling eBooks and whatnot. Now, I think we are heading into a new phase where money can be made even faster and more efficiently. But regardless of how fast we can make money, people still have to face their own inner conflicts. The fact that we can make money faster does not mean people will live happier lives or solve their deep problems. Like you said, some people think a 3x gain is not enough because they compare themselves to people making 100x. As a result, they still don't feel so successful. At the same time, when I made $60 or $100 from Steemit, I felt really excited, but the same gains on bitcoin wouldn't even phase me a little.
I guess the bottom line is: regardless of whether people can make 2x gains or 1000x gains, people have to deal with their inner problems, fears and inadequacies. These are usually triggered when we compare ourselves to others. During those times, it is important to understand why we reacted this way and become more self-aware.