All in the name of money making - page 2.

NeuroticFish

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Quote from: Phoenix_PROG on December 26, 2020, 09:38:58 AM

The fact is you don't have to make thousands of dollars from a single project, they can always come from different projects, also it's wrong to depend on a single project

It actually depends...
I am here for long enough to see that a huge number of altcoin projects, although promising at start, now are dead, or dying, or at least far less profitable than Bitcoin.
...And I am not talking about scams.

So putting all the eggs into Bitcoin basket is for now a better choice than trying to earn a little from more different projects.
Of course, that is possible too as long as you are careful and leave those projects before they start going downside.

All in all, while what you are saying is correct on paper, altcoin scene has shown that the reality is different.
So diversifying has to be done with extreme caution. And in doubt, stay on the main project: Bitcoin.

Gozie51

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Vave.com - Crypto Casino

Quote from: Phoenix_PROG on December 26, 2020, 09:38:58 AM

Many came into crypto space to earn money but some are too deep into making it big with crypto investment so they always feel like not getting enough when the coin they invested money in pumps high, they want to earn millions from a single project, I've seen few people ending up with nothing going down this part

The fact is you don't have to make thousands of dollars from a single project, they can always come from different projects, also it's wrong to depend on a single project

You are correct brother and it looks you are experienced and have encountered such disadvantage of having a coin and believing that just one coin with few units can make you rich over the night. I have been with such experience in the past and have decided to sell at a major pump on a coin that I hodl. If you ha be a coin and keep hodling for long, it can drop at any time which you may regret, don't regret but sell if you have some profit so that you can buy into more profit.

adaseb

legendary

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People heard stories about how people made millions back in the 2017 and so they are waiting for a repeat right now. The way how some people turned like $10K into a million is due to buying alts or buy trading Bitcoin at high leverage.

However what most people don’t realize is that most that made a million quickly gave it back when the markets turned in 2018.

Sure there are some smart people who overcame greed and took profits however most gave it back to the market. This time it will be no different.

militiariko

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Life is beautiful !

Quote from: Phoenix_PROG on December 26, 2020, 09:38:58 AM

Many came into crypto space to earn money but some are too deep into making it big with crypto investment so they always feel like not getting enough when the coin they invested money in pumps high, they want to earn millions from a single project, I've seen few people ending up with nothing going down this part

The fact is you don't have to make thousands of dollars from a single project, they can always come from different projects, also it's wrong to depend on a single project

The word many is wrong, instead everyone is here in the crypto currency space to earn money; nobody is here for jokes or childsplay; be it bounty hunting, trading, investment, or even just getting acquanted with bitcoin. You have to set your sights to being in profits and not get involved in pump and dump tokens.

mk4

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Well, this is the exact reason why a lot of people(including me) are advocating for bitcoin only(and probably just a very small minority to gamble with alts), because in the long term, most alts, especially the smaller caps, ended up imploding or the hype simply dies down sometime along the way; whereas bitcoin is still the almost surefire going-to-rise-in-price-in-the-long-term pick.

I've made a lot of shitty mid-long term altcoin investments in the past too, whereas I could have a significantly bigger BTC stack right now if I simply just held.

Zilldev

newbie

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I think it's not just about Investing and making money.
For me cryptocurrency is about preserving people's privacy and reduce the government's power over individual.

Cryptocurrency is an opportunity for our society and investing in cryptocurrency by means of exchanges that require identification, I think ruins this opportunity.

Jating

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Quote from: masterzino on December 26, 2020, 09:58:31 AM

I don't think many people have a real hope of earning millions from a single project. We (I and all my friends who are deep in crypto) are buying token and/or investing in multiple projects knowing that some will fail, but others will earn us enough to cover that.

Million dollars? Nah, but probably for those bounty hunters in 2017, many of them became instant millionaires in their local fiat, so that alone was an accomplishment already, because of the boom of the ICO projects back then. But since we enter 2018, the market suddenly turns into a bearish one.

But look no further, after a long wait, people are making money again thru this Defi, and Uniswap, so it's seems the cycle has repeated again. But I do hope that they learn their lessons from the 2017 and be careful and save money for the incoming bearish trend, just saying.

Yaunfitda

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Quote from: Phoenix_PROG on December 26, 2020, 09:38:58 AM

Many came into crypto space to earn money but some are too deep into making it big with crypto investment so they always feel like not getting enough when the coin they invested money in pumps high, they want to earn millions from a single project, I've seen few people ending up with nothing going down this part

Not just many come to earn money, but most of them thinks it's a get rich quick scheme, which is not. We hear this kind of mind set specially in the bull run. Even others quit their job because they think that can make easy money here.

Quote from: Phoenix_PROG on December 26, 2020, 09:38:58 AM

The fact is you don't have to make thousands of dollars from a single project, they can always come from different projects, also it's wrong to depend on a single project

Of course, you can earn from a lot of projects you invested, from top 10 altcoins to shitcoins (assuming you know when to enter and to exit). Rinse and repeat.

masterzino

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I don't think many people have a real hope of earning millions from a single project. We (I and all my friends who are deep in crypto) are buying token and/or investing in multiple projects knowing that some will fail, but others will earn us enough to cover that.

Phoenix_PROG

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Many came into crypto space to earn money but some are too deep into making it big with crypto investment so they always feel like not getting enough when the coin they invested money in pumps high, they want to earn millions from a single project, I've seen few people ending up with nothing going down this part

The fact is you don't have to make thousands of dollars from a single project, they can always come from different projects, also it's wrong to depend on a single project

Topic: All in the name of money making - page 2. (Read 240 times)