Topic: Crypto is not a get rich quick scheme - page 15. (Read 23403 times)
Honestly I will say that this topic is one of the hard truth that has ever been told in the cryptocurrency world. But it is very unfortunate that most people don't understand crypto this way, most of them only heard that cryptocurrency business pays and they jumped into it, probably during 2017 bull run and now they feel being scammed.
I think you are very right about this, because most people do not do their own research about cryptocurrencies before they jump in, thinking because their friends invested in bitcoin some years back and he is now very rich, so they want to reciprocate the same. Not knowing that investment in cryptocurrency requires patience and persistence not an overnight rich scheme. If it's that easy we will all be rich.
Most persons got into the cryptocurrency space based on the testimonies they received about excess profits made on the platter of Gold. This half baked information is the basis of the misconceptions about cryptocurrency. Its obvious that the astronomical increase in the value of Bitcoin few years ago lead to a corresponding increase in the number of individuals flocking into the industry. Its pertinent to get full information about the industry before jumping into the market. The cryptocurrency space is highly volatile, which implies that excess profits can be made within a short period of time and substantial losses can also be suffered.
Crypto currency is like stock investing. I remember my brother. He always told me to invest in stock market. So to cut it short I invested in stocks and bought a good one. Until something bad happened to the market. I lose almost 40% of my investment in stocks. Lesson I learned from this is learn to have a long term mindset. All good stocks or crypto you bought now will surely go up in the next few years.
I believe crypto provides a significant advantage. To reduce the risks that will arise, a strategy is needed. We must be good at taking advantage of opportunities.
Crypto is too risky and not easy to get your self in a rich man in one day. You need to work it everyday to earn some money with extra effort for you, and depends on your strategy.
Crypto can indeed make people rich. However, this is certainly not easy to achieve because it requires a good strategy, large funds. But if conditions like 2017 I think it will be fast to get rich.
it is true and crypto if I think it is like a lottery to get a big income, because in 2017 it was like we got a lottery with a big result and now it is our effort to get results like last 2017 
I don't know if I am the only one that is not worried about the market and feel it is doing fine?
I see different posts about people saying different things like "it is the end", "crypto is dead", "I lost it all, it is time to get out" blah blah blah and I get pissed off. Most people don't do a proper research before FOMO into crypto and confuse it for a get rich quick scheme.
I definitely know the bull run will come but I am not expecting it soon. We just saw a massive bull run about 13 months ago and I think it is too early too see another, because there needs to be room for market correction, which is presently happening. Last year the price of Btc increased by about 1000% and has only reduced by about 600% which means there is still room for more correction. So do away with the fantasy that bull run will occur every year to get you rich and face the reality.
It is only the weak hands that are complaining while the wise are taking advantage of the market to get good altcoins at cheap prices.
What is you thought?
I see different posts about people saying different things like "it is the end", "crypto is dead", "I lost it all, it is time to get out" blah blah blah and I get pissed off. Most people don't do a proper research before FOMO into crypto and confuse it for a get rich quick scheme.
I definitely know the bull run will come but I am not expecting it soon. We just saw a massive bull run about 13 months ago and I think it is too early too see another, because there needs to be room for market correction, which is presently happening. Last year the price of Btc increased by about 1000% and has only reduced by about 600% which means there is still room for more correction. So do away with the fantasy that bull run will occur every year to get you rich and face the reality.
It is only the weak hands that are complaining while the wise are taking advantage of the market to get good altcoins at cheap prices.
What is you thought?
You have a point and good views about the crypto market and the industry as a whole. Indeed, gone are the days where you can gain quickly from your crypto investments. I think holding of crypto now are mature and discipline in their investments and have learned a lot from the bearish market situation last year.
yes this is the common mistakes of newbie in crypto. The think that they can get rich on one night they didnt know that it requires patient and long time waiting for the right time to exit on one project.
But if you remember when so many people are getting a lot of hyped icos and some of them have become millionaires instantly. I remember correctly when there was an ico just like zilliqa can give more than 40x return just in a month after ico and that's a really huge amount.
Yes, it was the chance that falls in life only a couple of times. Sach all who did not have time waiting for the crypto market to give them a second chance, but I doubt that it is even possible, the train left.
Definitely not. Its not a scheme or pyramid scam, its an innovation and an opportunity. Yes its true that there are a lot of people who get rich because of crypto but there are also people who lost everything from it. You have to be equip with knowledge, skills, experienced, and good decision making strategy to be succesful in this field because if not, you might end up with nothing but regrets.
I'm worry. Because I have not received good coins for a long time. And payouts. The situation is not simple. I hope this is all I understand. My faith in cryptocurrency weakens every day. Rather, in new projects.
It seems to me that today the cryptocurrency sector no longer has such a large amount of funds, so it’s not to say that sooner or later we will earn money. I think that then it will be necessary to just believe and not sell.
I think that in the second half of 2017, everyone thought that with the help of cryptocurrency, you can get rich very quickly and those who was take profit at the end of the year became rich. Now, to earn money again it is necessary to wait a very long time to restore confidence in cryptocurrencies, the quick enrichment scheme now does not work.
Crypto can indeed make people rich. However, this is certainly not easy to achieve because it requires a good strategy, large funds. But if conditions like 2017 I think it will be fast to get rich.
I don't know if I am the only one that is not worried about the market and feel it is doing fine?
I see different posts about people saying different things like "it is the end", "crypto is dead", "I lost it all, it is time to get out" blah blah blah and I get pissed off. Most people don't do a proper research before FOMO into crypto and confuse it for a get rich quick scheme.
I definitely know the bull run will come but I am not expecting it soon. We just saw a massive bull run about 13 months ago and I think it is too early too see another, because there needs to be room for market correction, which is presently happening. Last year the price of Btc increased by about 1000% and has only reduced by about 600% which means there is still room for more correction. So do away with the fantasy that bull run will occur every year to get you rich and face the reality.
It is only the weak hands that are complaining while the wise are taking advantage of the market to get good altcoins at cheap prices.
What is you thought?
I see different posts about people saying different things like "it is the end", "crypto is dead", "I lost it all, it is time to get out" blah blah blah and I get pissed off. Most people don't do a proper research before FOMO into crypto and confuse it for a get rich quick scheme.
I definitely know the bull run will come but I am not expecting it soon. We just saw a massive bull run about 13 months ago and I think it is too early too see another, because there needs to be room for market correction, which is presently happening. Last year the price of Btc increased by about 1000% and has only reduced by about 600% which means there is still room for more correction. So do away with the fantasy that bull run will occur every year to get you rich and face the reality.
It is only the weak hands that are complaining while the wise are taking advantage of the market to get good altcoins at cheap prices.
What is you thought?
for some reason, when a newbie enters on bull market where everything you buy goes up, they can make a lot of money there IF they are not greedy and think that the price will go up forever. But on the other hand, crypto really or anything is not a get rich quick scheme. Those who are yelling FUD are just newbies that did not sell on the bull market, they did not know what they are doing.
Those men that will manage to find the best tokens and invest really a lot in these projects, will be rich people in 1-2 years. Now the market is not so stable and it does not grow much
I don't know if I am the only one that is not worried about the market and feel it is doing fine?
I see different posts about people saying different things like "it is the end", "crypto is dead", "I lost it all, it is time to get out" blah blah blah and I get pissed off. Most people don't do a proper research before FOMO into crypto and confuse it for a get rich quick scheme.
I definitely know the bull run will come but I am not expecting it soon. We just saw a massive bull run about 13 months ago and I think it is too early too see another, because there needs to be room for market correction, which is presently happening. Last year the price of Btc increased by about 1000% and has only reduced by about 600% which means there is still room for more correction. So do away with the fantasy that bull run will occur every year to get you rich and face the reality.
It is only the weak hands that are complaining while the wise are taking advantage of the market to get good altcoins at cheap prices.
What is you thought?
your take of this situation is rather philosophical and mature, and this is wonderful. indeed, some corrections unavoidable and when you understand deep process it's easier for you to waitI see different posts about people saying different things like "it is the end", "crypto is dead", "I lost it all, it is time to get out" blah blah blah and I get pissed off. Most people don't do a proper research before FOMO into crypto and confuse it for a get rich quick scheme.
I definitely know the bull run will come but I am not expecting it soon. We just saw a massive bull run about 13 months ago and I think it is too early too see another, because there needs to be room for market correction, which is presently happening. Last year the price of Btc increased by about 1000% and has only reduced by about 600% which means there is still room for more correction. So do away with the fantasy that bull run will occur every year to get you rich and face the reality.
It is only the weak hands that are complaining while the wise are taking advantage of the market to get good altcoins at cheap prices.
What is you thought?
if you want to get rich quickly then you should never join crypto currencies because this is not the right place for you. Crypto currency has a long term resolution, so you are wrong if you join crypto currency just to get rich quickly
yes there are no people who are rich quickly, of course all that also requires process and time consuming. if we want to be rich in crypto then we have to be patient and keep trying and wait for the right time to sell it.
Cryptocurrency is not a get rich quick scheme. This is because two currencies is mainly about the blockchain technology and how it affects our daily lives . Just like many other technologies if it is valuable they are born to be financial rewards in order what a project provides value to our lives its creators and investors will benefit financially . Cryptocurrencies for every investor one has to be very careful about which projects to invest in and if the market is favourable there is a big chance of making very good profit if other factors concerning the project checked out, factors like team roadmap map token metrics and community
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