Crypto is not a get rich quick scheme - page 21.

martin1221

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Activity: 504

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Quote from: olabiyijummy02 on November 28, 2018, 01:31:51 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 certainly agree with you on this. Being in crypto and investing in it takes time. Time to research and know very well about the industry and time to see you investment getting some gains. If you happen to invest during the bull run, you might have earned a great amount of money. But on normal occasion crypto investing takes time.

Prettymie

full member

Activity: 406

Merit: 100

Those who have less knowledge in cryptocurrency will always complaining and spreading FUD, they get affected with the volatility of market prices which it needs correction after the huge bull run of 2017 and now the price had been down from their all time high which those whales had taking advantage to fill-in their bags. Yeah those newbie’s had been in panic to sell their coins at losing price while the whales are happy to buy it at cheaper price. Indeed you need knowledge and strategy to earn money in crypto and invest with patience.

letyouearn

legendary

Activity: 1722

Merit: 1014

Quote from: olabiyijummy02 on November 28, 2018, 01:31:51 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

You are definitely right here, one should understand that markets are "breathing' and this bear phase is not surprising at all. Crypto market breathes heavily cause it's new and very volatile. So, just hold on and watch this process, there will be another deep breathe soon Wink

West0813

full member

Activity: 504

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There are truly many people that think that when they invest in cryptocurrency they will always get quick money. That is very wrong. I think new investors must always know the risk that may come their way when they invest into cryptocurrency.

jcmansah7

member

Activity: 434

Merit: 10

That's the mistake most people who come into the investment of cryptocurrency make you know. They invest and because they might have heard all about bull run they assume that they can just make some monies at any point in time. I hope the bear market of 2018 would teach them a lesson Wink

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killat

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Activity: 742

Merit: 21

Be the reason someone smiles today

Indeed, at least you cannot get rich overnight as in late 2017. I honestly divide this to three categories: Blockchain, Bitcoin and the rest.

Blockchain? Definitely promising.
Bitcoin? Will last forever (not necessarily successful, but existed for the darknet or private ppl)
The rest? so far bunch of crap, but who knows? Not in this decade IMO.

nonbody

hero member

Activity: 826

Merit: 501

2local[IEO] - https://2local.io/

A few days ago, at the blockchain meeting, it was suggested that the long bear market stage would be experienced in 2019, so now we can only maintain a wait-and-see attitude and cannot blindly start investing in cryptocurrency.

crenfrosck

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Activity: 470

Merit: 12

Even when the market is not doing that fine and people are afraid of the death of the crypto industry, I am not concerned. Look: so many projects are maturing in a natural way. In addition, this scenario pretty much cleaned out the waters from the people who just jumped on a rocket leading nowhere (same applies to investors).Institutions that are entering the market are here for a single reason: to make a profit. That might mean more than we would like to anticipate. Find a great team with a useful solution, stick to it as long as they are making progress and the success may be in your favour Wink

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jademaxxiss012

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Activity: 308

Merit: 15

But it happens that many are telling about it boasting their profit and earning in crypto. I can sense that it is not really like that but the common people think this way. Anyway, people will going to learn especially if one will be making mistakes on this high risk investment system. Earning huge money will only be attain by working hard and working smartly.

trash321

full member

Activity: 602

Merit: 100

Cryptocurrencies still have real opportunities for enrichment, but you understand that all this is nothing more than just an opportunity, nobody here owes anything to anyone. Therefore, to talk about something serious is hardly necessary now.

TrevorS

sr. member

Activity: 1050

Merit: 377

If the theme was created in 2017, it would have sounded different. Grin

It is obvious that you cannot make money fast in a bear market. Perhaps only traders can benefit from the current situation.
I am not talking about long-term prospects.

RomertL

sr. member

Activity: 470

Merit: 250

Someone rates this downfall as the end of the cryptocurrency or world. I think it is oppotrunity. If you have some savings in fiat - invest it in crypto! You will earn at least x2 this year.

jyotianand01

sr. member

Activity: 980

Merit: 250

I am agreed with you that crypto is not a get quick rich scheme but it can give handsome returns in long run to its investors as this technology is superb and had wide future in coming years.

kiran83

newbie

Activity: 25

Merit: 0

Thats right, Crypto is not a get rich quick scheme .

jupppo

full member

Activity: 385

Merit: 100

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.

Gheka

hero member

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DGbet.fun - Crypto Sportsbook

Quote from: djkyno on January 19, 2019, 01:15:56 PM

Crypto is surely not a get rich quick scheme, but it is a good tool to make more money and improving your financial situation, in my opinion. If you have good knowledge about cryptocurrencies, and you are able to work hardly, there are so many profitable ways by dealing with cryptocurrencies.

Agree, it's never a scheme to get rich quick, it's just a tool and this tool will make our lives better, even richer as long as we spend a lot of time, being patient and working hard with it, and of course we also need certain knowledge and experience, and everything I say will take a long time to build and improve, it can not be fast. However, many people never understand this problem, they only hear rumors about crypto as a way to get rich quick, they hurry, lack patience and put too much money while knowledge is almost zero, that makes them lose a lot of money for crypto and become people that blame and hate crypto

adamvp

hero member

Activity: 1246

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Yes, indeed: crypto is not a get rich quick scheme,
crypto is get scammed for sure scheme Wink

Sometimes it takes longer, sometimes sooner but I am afraid everyone in crypto was scammed (quitscam projects, hacked exchanges etc) or will be scammed at least once a lifetime. Sad to say Sad

rafi035

sr. member

Activity: 854

Merit: 250

Quote from: nonbody on January 20, 2019, 04:57:30 AM

My idea is that although the price of the altcoin in the hands has dropped a lot, I will not easily sell them, I will wait patiently for the opportunity.

yes I agree with you, wait until the price you want is reached even though it's not an important issue for your target. do not be easily provoked to sell it and follow your own will.

wewe123

member

Activity: 322

Merit: 11

🚀🚀 ATHERO.IO 🚀🚀

Its not easy to say that when you are joining cryptos you may immediately get rich right away , but if you are working so hard and well manage your investment , it will really gain good output for your investmets, so if you are in the world of cryptos it is right to say that it would really change one's life.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: marjil on January 20, 2019, 08:03:49 AM

Crypto is not a get rich quick scheme, or any other scheme. Crypto are a variety of digital based assets. It is possible to get rich, as many have done already, if you buy at the right time and hold until the time is right to sell.

It is misunderstood mostly by the newbies.

They see the success of the early investors and patient holders. And the thing that comes to their mind when they hear someone has 'crypto' they think that it will also make them rich. But the reality isn't that, they have a wrong feeling with it. They don't know that crypto is for strong hearts.

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