In 2019 crypto has changed a lot since late 2017 when people made money quite easily.
Overall market capital decreased a lot and only the best projects will survive. You need to have more knowledge about crypto, and do a lot of research before investing your money, otherwise you risk to see most of your funds lost.
Topic: Crypto is not a get rich quick scheme - page 26. (Read 23384 times)
In crypto space whatever happens in the market always open an opportunity for everyone whether it is bull or bear market, the important thing to remember is how you will react on this kind of situation. We often hear the method of "Buy Low & Sell High" which is totally true if you apply it on yourself.
I agree, now is not the right time to lose heart, just now you need to gather strength and continue to work!)
If you would say this some three years ago, you would be wrong. But the time has changed with time as cryptocurrency is being considered just like stock market. It is becoming stable and strong with regulations in place. Yes only unwise people only keep complaining. But wise people are always on the look out for opportunities to reap benefits even when the market is down.
Getting rich quickly requires a lot of money, and the speed of getting rich is slow. Encrypted currencies can make investors rich and investors can go bankrupt. So this is a high risk industry, are you ready?
Most people come into the space with such mentality but that turns out to be wrong. But I don't blame anyone as it all looks rosy on the outside truth is known on the inside. During the moon and Lambo days, it was easy to get rich quick here but that's old news now.
take a look at that correction made many people who hoped to become rich quick results leave without results. Crypto will not provide profit easily and if you don't have a business that is worth it. While many people just continue to hope the pumps and bull run, it will harm themselves because crypto is not always up and deliver results quickly.
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?
Well, to be honest I myself though I can be rich too quick by doing cryptocurrency business such as bounty hunt and trading, well I can say, its somehow depends on luck and performance of the market.
cryptocurrency could make us rich and poor faster.this market really give us different opportunity for investors.but the think we have to understand was we could not instantly get much money from this market.we have to consider the risk too.
Cryptocurrency would rather make you poorer, because the majority will leave their money here and will regret for a long time.
in 2018, my experience showed just that. How could lose 70% of total capital. You need to be extremely careful in the cryptocurrency market.
Cryptocurrency would rather make you poorer, because the majority will leave their money here and will regret for a long time.
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?
I also think as you. Almost people who participate in this market because they are heard many stories about earning money so fast from cryptocurrency. And when the market slumps, they nearly lost belief completely and run away, they suppose that this market must grow continuously but this is impossible
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
You are right that Crypto is a scheme to get rich quickly. And this is for those who have proven it and I think there are many people. But that cannot happen to everyone because everyone has the ability and the amount of money each person has is different.
But in the end, if that person can be able to manage his money and invest in many coins, I am sure that someday he can be rich too. With crypto, we can have a source of income with unlimited profit we can get because we have too many options of the coins that we can trade, and each of the coins will give us the profit. But it's back to that person and what he does to get that income and the most important thing is he can be patient while he still doing many things related to crypto.
You are right that Crypto is a scheme to get rich quickly. And this is for those who have proven it and I think there are many people. But that cannot happen to everyone because everyone has the ability and the amount of money each person has is different.
each person have their own lucky.some people get their success only in a year from the begining.but another person didnt get it although pass more 5 years.and also it depend to our skill and knowledge to find profitable projects/coins in market.without this factor we will not success in short time. 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?
I agree with the way you think about cryptocurrency as a whole. And having the mind set and idea that being involve with crypto world will make them an instant rich is an immature way of thinking as it really takes time for the market to recover but I also believed that there are people who has found good fortune from cryptocurrency simply because they have self discipline and the patience to hold on to their assets until it reach the best value that would make them millionaire.
You are right that Crypto is a scheme to get rich quickly. And this is for those who have proven it and I think there are many people. But that cannot happen to everyone because everyone has the ability and the amount of money each person has is different.
A wise crypto trader will never panic and he do not be led by those who spread this panic around. Panic moods do not lead to anything good, and all those people who are inclined to sell their assets when their price drops significantly after a while, they very much regret their actions, but they cannot return anything.
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?
Unfortunately, most participants in the crypto market have only recently argued that this is just a way to make a lot of money quickly. Unfortunately, they were greatly mistaken, as a result they lost a large amount of their money. This is a really promising market with excellent potential, but it is not necessary here to look only for ways to get rich.
I am also disappointed by the fact that more than half of all market participants considered cryptocurrency to be just a great way to get rich quickly. In fact, you can and should earn income here, but the crypto market has completely different goals.
Increase the percentage and make it around 80%-90% got into the market for that belief.The market can allow you to earn more through trading if you have been playing well but its not the way that the newbies were thinking before of making someone rich. The bad thing was they went through one of the biggest market correction which lead everyone to to be discouraged.
I am also disappointed by the fact that more than half of all market participants considered cryptocurrency to be just a great way to get rich quickly. In fact, you can and should earn income here, but the crypto market has completely different goals.
Cryptocurrencies were originally created for the replacement of fiat money. However, why not earn it? The possibility of earning and made cryptocurrency so popular.
Jump to: