Topic: Crypto is not a get rich quick scheme - page 29. (Read 23384 times)
Cryptocurrency is not the "rich over night" game, if you think cryptocurrency is like that then you will lose money in this market. Cryptocurrency is a now innovation currency that will help financial system develop better. You can earn money from Cryptocurrency market, but it is not easy, you must to understand it before you can make money from it.
get rich quick schemes will not be obtained easily on crypto. need a process on crypto to produce due to poor market conditions like this, of course, makes a lot of people are going to wait and couldn't sell fast. so maybe when hope fast results then the crypto is not the solution that is selected.
When people are faced with 2017, I think they get a lot of profits and trade can be rich. When Crypto became a get rich quick scheme, I thought that could happen. But over time 2018, the coins slowly dropped and to get profits was very difficult.
Of cos it's not, cryptocurrency takes dedication, time and patience to make something big from,it's not that easy at all ,its not meant for the weak at all ,its risk is huge too and so is the rewards and most times it depends on just lucks
I think it suggest opportunities for people to become rich,but you must work here as well! And moreover you need a bit of luck.
So think about your knowledges in crypto,man
Every investment gives a chance for us to become rich and crypto is just part of it. So think about your knowledges in crypto,man
Some people already became rich early compared to a traditional type of investment, because in crypto, the risk is high and the therefore the return is also great provided you succeeded. We have to work our method to find a good investment here as this market is not only full of opportunity but full of risk as well.
I think it suggest opportunities for people to become rich,but you must work here as well! And moreover you need a bit of luck.
So think about your knowledges in crypto,man
So think about your knowledges in crypto,man
High reward, high risk, that's the simple math that most of us never learned, anything goes really high have the reason behind it.
Many invests in crypto and expect to become rich overnight.
They have to understand that this technology is more complicated that internet was and it needs time for being mass adopted.
There is a long way to go for it.
And this bearish market was to kicking these guys are shorting bitcoin. most of buyers in 2017 wanna be a millionaire in over night. When the whales are dumping their coin and then it looks so easy for them all to get plunged to the bottom. Basically these guys know nothing about speculation market. They have to understand that this technology is more complicated that internet was and it needs time for being mass adopted.
There is a long way to go for it.
Many invests in crypto and expect to become rich overnight.
They have to understand that this technology is more complicated that internet was and it needs time for being mass adopted.
There is a long way to go for it.
They have to understand that this technology is more complicated that internet was and it needs time for being mass adopted.
There is a long way to go for it.
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?
yes I agree with you. the downturn that is happening now is the way the crypto market continues to exist, there is no way the market will continue to experience an increase, surely there will be when the market will decline and when this decline is a good opportunity for us to buy more. buy a few more coins so that when the bull run market we get more profit. crypto can't make us rich overnight. we must be patient and wait. and continue to do research so as not to be wrong in choosing coins.
I definitively share the same thought with you. Many people in the cryptospace have come with the mentality of get-rich-quick syndrome but it is not supposed to be so.
Cryptocurrency is a long-term investment. If you invest in Altcoins, the project creation process may take several years. You need to be ready to wait a long time.
You could if you know what would happen to the market,
But crypto market is so unpredictable so maybe you are right,
So for those who thinks that crypto would make you an instant rich person then I hope you already learn your lesson.
Yes, of course, this requires strategy, analysis, and luck. Volatile prices are very difficult to predict. Can make rich quickly if we are at the right timing with the right analysis. The opposite can also happen if prices suddenly experience a deep decline. But crypto market is so unpredictable so maybe you are right,
So for those who thinks that crypto would make you an instant rich person then I hope you already learn your lesson.
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?
People tend to panic, scare themselves and other people. This situation is further aggravated by the fact that many hoped for a quick return on their investments. When this did not happen - panic began.
You could if you know what would happen to the market,
But crypto market is so unpredictable so maybe you are right,
So for those who thinks that crypto would make you an instant rich person then I hope you already learn your lesson.
But crypto market is so unpredictable so maybe you are right,
So for those who thinks that crypto would make you an instant rich person then I hope you already learn your lesson.
You're right. Someone from the clever traders on the exchanges said that he begins to buy when everyone starts to cry about how much prices have fallen.
I am also sure that the growth of the crypto market will be. It remains only to wait.
I am also sure that the growth of the crypto market will be. It remains only to wait.
I fully agree. Many people are still thinking that crypto makes them rich overnight. They invest blindly without studying first the project and technology.
They will not make money here because they will only invest when the market is on uptrend, whales will kill them in the long run. But, if they will learn and matured, maybe they have a shot because crypto has a great potential to be the primary money in the future.
Together, let's replace the current financial system.
There are many other markets that are older than crypto, but the common feature with all is that if you want to make long-term money from any market. Investors must have the knowledge and experience, in addition to need a little luck
A lot of investors this year have lost most of their funds. It is always necessary to correctly assess the risks and a crypt is a very high-risk asset that is subject to strong manipulations. But in the future I am confident in the perspective of crypt and blockchain technology, so I advise everyone to hold!
This who come to the crypto space or invest into cryptocrewncy with the intention of getting easy and fast wealth, easily get disappointed and sometimes, they easily fall victim of food. Those were the same set of people that fell for the FUD of the last bull run.
Well, one might be fortunate to get quick and huge money from crypto, but most times, it comes unexpectedly, because I have once experienced it.
Well, one might be fortunate to get quick and huge money from crypto, but most times, it comes unexpectedly, because I have once experienced it.
I think you are not alone brother. A good number of us have the same sentiments while others unfortunately think that crypto is small ecosystem one can get into hit it big real quick and zoom off to the next one immediately . I think we all need to do with some patience and expect that the good times can still come
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