Crypto is not a get rich quick scheme - page 18.

YinShuiSiYuan

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Quote from: Clearstream on January 27, 2019, 03:05:11 AM

many people joined the encryption, after they heard about some quick get rich stories, at 2018. in fact, those who become rich are not getting rich quickly. they may have been able to hoard bitcoin long ago. If u want to get rich by encryption. u may need enough patience.

You can not earn easily and quickly no matter what you do. You have to devote a lot of time and effort to achieve a satisfactory result. Unless someone has a lot of luck and will win the lottery. Most people who invest in and count on quick profits will most likely lose money.

vanya.pronin.1983

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Patience is the only key to success, especially on the falling market. Just stay calm and hold your crypto currencies guys, the end of the falling market is near and we would finally see the next bullish wave pretty soon.

adamvp

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Quote from: jupppo on January 20, 2019, 09:12:05 AM

I agree with you. If you want to earn really big money and save them. You should invest on long-term. Only such investments can make a lot of money. If you earn easy money, you will lose them easily too.

I can agree with your last sentence.
But for many of us crypto was an unimaginably profitable in 2017/2018.
Many people there are talking we have a bottom now, but they have forgoten that only severel months ago the valuation was several orders of magnitude lower.
And bitcoin price over 1000 usd was a dream!
I'm not sure we are close to the bottom at all.

cryptogeek101

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Quote from: olabiyijummy02 on November 28, 2018, 12:31:51 AM

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? Huh

I think you might be making a good point here, cryptocurrency business is not a hit and run business,it involves the development of crypto projects that must pass through certain developmental stages to come to maturity,so it needs a lot of patience to succeed,so profit is a functions of the performance of the cryptocurrency in the market.

StatesManG

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That's a truefact. Many saw cryptocurrency as a get rich quick business and hopped in and now became disappointed. I love the face that the Bull run never happened last season so that it can take many unaware.

fakegurutu

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Quote from: olabiyijummy02 on November 28, 2018, 12:31:51 AM

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? Huh

yeah we know of this already but once you hit a jackpot like theres a sudden pump happening then im gonna tell you, its gonna be a lambo time, but of course this will only sometimes comes once in a thousand but still its a worthwhile to try to become rich in just one strike.

fakegurutu

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Quote from: olabiyijummy02 on November 28, 2018, 12:31:51 AM

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? Huh

yeah we know of this already but once you hit a jackpot like theres a sudden pump happening then im gonna tell you, its gonna be a lambo time, but of course this will only sometimes comes once in a thousand but still its a worthwhile to try to become rich in just one strike.

eddiies

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CryptoTalk.Org - Get Paid for every Post!

If you want to invest in cryptocurrency. You can't invest all your money. you may lose all.You need to take out your spare funds to invest in it.So maybe you will gain something.

Clearstream

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many people joined the encryption, after they heard about some quick get rich stories, at 2018. in fact, those who become rich are not getting rich quickly. they may have been able to hoard bitcoin long ago. If u want to get rich by encryption. u may need enough patience.

Turkish88

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Sad, but many of us already understand it in 2018.
This topic was helpfull in the end of 2017 year, when peoples was crazy in this field

romero121

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Vave.com - Crypto Casino

Well said, crypto is not an asset to get rich. Crypto is being used as an source to make themselves rich. Once it is an opportunity to make themselves rich. In recent days the long term hodlers and the early adopters were the one that had become rich through crypto. Same as that crypto is a way to loss big if one hasn't got good knowledge about the same.

Google+

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Leading Crypto Sports Betting & Casino Platform

cryptocurrency is only a digital currency and as a means of payment that you can use to trade or make payments from something you buy, whereas if you want to become rich from cryptocurrency you will only be able to take advantage of the price movements that occur in cryptocurrency.

andra73

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Quote from: msbtrooper on January 27, 2019, 12:12:54 AM

Form my experience in this crypto world, I can tell you that those that see cryptocurrency as a get rich quick scheme end up loosing because they hold on to coins waiting for the moment that it will give them fortunes. At the end they get disappointed. I really support your opinion

you are right, many of them do not know most of the risks that can occur due to crypto properties. those who only hold the assets they have and wait, they will certainly be disappointed with the current market conditions that do not show good response. they have to think about how to reduce losses, otherwise they have to wait for an unspecified time.

Favouredhart

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I wish people would understand that crypto is not a get rich quick scheme like you do.
Crypto needs understanding, that is why it is important to read and understand what is involved, knowing that there will be bearish trend, at this time, you don't need to start creating panic but just wait or even invest and wait for the bullish trend.
Gradually wealth is buuilt not just immediately

msbtrooper

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Form my experience in this crypto world, I can tell you that those that see cryptocurrency as a get rich quick scheme end up loosing because they hold on to coins waiting for the moment that it will give them fortunes. At the end they get disappointed. I really support your opinion

uralcryptocoin

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SIGNATURE CREATION by uralcryptocoin

What does mean quick? Week? Month? or Several years?
Some cryptoprojects have a lot of potential. They can easily make x100-x1000.
In 2017 year there were enough examples of that.
So if quick means a year than crypto is a quick get rich scheme

hellyah070

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Quote from: olabiyijummy02 on November 28, 2018, 12:31:51 AM

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? Huh

Not all I think is about it. I still hope that one day, all my hardwork here on crypto by joining bounties will going to merit huge reward that makes me prove that crypto is a speed rich mechanism for positive people.

jpnl0008

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The better understanding people get about crypto the better they have something to work with its true that people make money in crypto but it should not be paramount that is the first mistake people make and they easily get frustrated when their expectations do not happen it takes patience and a lot of hard work

imstillthebest

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Quote from: Gagah119 on January 26, 2019, 09:09:46 AM

I think it depends on the state of the exchange, if the exchange like the year 2017 Crypto can be an alternative to a person to be rich quickly, but if the exchange is like this, it will be difficult to earn income and the thing that needs to be considered is that the price of Crypto is very difficult to predict, it is careful.

Agree . 2017 the best year for cryptos and anyone even a noob can possibly make a profit by just buying and selling . it is really a quick scheme to get a profit but not to get rich because being rich will also need a lot of capital and a consistent income which is not possible for crypto due to its high volatility .

Gagah119

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I think it depends on the state of the exchange, if the exchange like the year 2017 Crypto can be an alternative to a person to be rich quickly, but if the exchange is like this, it will be difficult to earn income and the thing that needs to be considered is that the price of Crypto is very difficult to predict, it is careful.

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