H) Projects also frequently overstate their importance and pot | LibreCharts

H) Projects also frequently overstate their importance and potential impact in an attempt to convince end users that their investment may also serve some socially righteous / altruistic purpose in addition to reaping profit. This tactic is particularly potent since it leads investors to believe that they may be failing the world / society / (some righteous cause) by closing their position in whatever project they're invested in.

There are undoubtedly countless additional psychologically manipulative tactics employed by various projects in the blockchain space in addition to self-contrived psychologies that imprison cryptocurrency investors, so the list above is by no means meant to be exhaustive.

However, it should be comprehensive (and hopefully relatable) for readers that can identify a poor investment decision they've made at any point since their initial foray into the blockchain sphere.