Crypto is not a get rich quick scheme - page 30.

aomakun

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Quote from: ?? on ??

It is a get rich quick scheme, the risk is equal to reward.
Look ot other invesment forms as gold, the gold gains are ridicously low and slow realtive to crypto game.

Don't compare gold with crypto maybe many people prefer to invest in gold and some for crypto. and for profit problems faster in crypto and you can also quickly lose in crypto so accuracy is the main thing when investing

Strotman

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I agree with almost all points of statements TS. But I'm not sure that we will see a bull market soon, I think we will have to wait at least another year.

qiman

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Crypto is a very high risk area for speculating and / or investing in. For example all of 2018 we made very heavy losses, losing most of our portfolio value we had built up over the course of three years. We were nearly wiped out. Suddenly we came into a fantastic project that has made five times gains in one week and will not slow down as it is taken daily out of circulation and made rarer and also has a great utility, making money for everyone, investors and speculators. So you need to try to do your research and look for good times to enter and exit the markets and also for long term holding strategies. It is a learning curve for sure.

Orenonex

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I agree completely. If someone has weak nerves and cannot observe what is happening with cryptocurrencies, then it is better to refuse to invest.

South Park

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I am terrible at Fantasy Football!!!

Quote from: testadimerlo on December 17, 2018, 03:35:28 PM

In the past a lot of people became easily rich. Now time is changed but it doesn't mean that there are not nice opportunities anymore. At the moment patience is the key.

Those that are entering the market right now think the market is still in a state in which you could just get some coins for free and make millions that way, but that moment has passed and now the only ones that can make money in the market are the ones that are dedicated and study every information they can get out of it and take smart decisions with their money.

briana samomingkir

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If you can enter crypto and be able to get the best programs for you to follow with the ability to produce large quantities, I think you can become a rich person in a short time. Unlike what is experienced by most people here who choose to join crypto when crypto is at the top. Whereas at that time, after its achievement, crypto will return to its lower value.

Ruffian1314

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Yes your right! I think people who believe that it is a get rich quick scheme are those who are newbies in this industry that got hype by other people who wants to get advanatage of them. People must do an intense research first before joining in crypto world because they will lose all their money and self confidence if not.

princeyeboah

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Of course, crypto does not offer riches overnight as some investors have at the back of their minds before joining. Although a coin can spike more than 100% increment in price bringing large profits to its investor, it rarely happen suddenly. Most of the good coins do not follow the pump and dump trend hence takes time to execute its services and product and gradually increase in price and value on the market. This takes time and only patience is the key here.

darefreads

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Yes of course In this current situation in the market we just need more time to make our investments grow just like before that increase the value of any currency in the highest level. And I know that many people are also expecting to increase the value of their invested currency to make them also rich like other people earned.

grifinmch

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Crypto takes time to get to be the thing that produces. This can not be predicted and when wrong and rush would like to get a result then it will be a loss. rich quick in the crypto is not a thing that can be used as a reference and many already expect it but in the end they fall at a loss because of too fast find results.

freedomgo

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Quote from: EL-NIDO on December 17, 2018, 03:36:22 PM

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.

mirgo1791

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yes to work on possession with the technical skills and strategic competence as referring offers of product with the goods and service to gains with chance as extensive to manage of tasks on finance and referring notable of quotes with the progress on company development as the release of anchoring with the scheme of business with the archipelago.

EL-NIDO

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I fully agree. Many people are still thinking that crypto makes them rich overnight. They invest blindly without studying first the project and technology.

testadimerlo

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In the past a lot of people became easily rich. Now time is changed but it doesn't mean that there are not nice opportunities anymore. At the moment patience is the key.

Mysteryla

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What has been making some people to confess negativity about cryptocurrency is lack of patience. Most of them are here to make quick profits and then opt out as fast as they could. Instead not that, the whole thing has turned the other way round for them. Which then makes them to start professing what crypto is not. As far as i am concerned, cryptocurrency is still in form and it requires some patience.

DRVX

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Quote from: AlphaGoo on December 15, 2018, 05:00:31 AM

There are few opportunities to get rich quickly, usually only a few days or 1-2 months. Waiting for such an opportunity to appear may take several years. Only people in other industries believe that cryptocurrencies can become rich overnight. In fact, the reality is very cruel, and profit beneficiaries are usually holders of cryptocurrencies, which requires enough courage.

The guys, who used to buy Bitcoin before 2016-2017 and who were in time to sell it in winter 2017-2018 (January), used all the chances to become rich quickly. Hope in future same things will be again.

cameron_EMI

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Quote from: sirengutou on December 16, 2018, 03:20:19 AM

You are right, because there is a very serious price manipulation in the cryptocurrency market, which is very dangerous for ordinary investors.

Like many people think the December 2017 bull run was heavily manipulated with a bunch of USDT printouts that pushed BTC price up to $20K and dumped very hard. Also, as right now, I think the market is being manipulating by institutional investors and traditional crypto whales, but I do think we will see a nice bull run by 2020. Be patience and HODL your cryptos.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Quitthis on December 15, 2018, 02:03:05 PM

Too much people wanna get rich in a day. Too bad they scare people when they scream how crypto is dead. Market is fine.

That is a huge problem in the market now, many are only interested in getting profits quickly and then when they do not get them they begin to tell everyone that the market is a ponzi or that the market is a scam and that is not true, but unfortunately many believe them and they decide to not invest in the market making a recovery even slower than what it should be.

Rena5

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Crypto is not a get rich quick scheme for me,it takes a lot of time and courage before earning in crypto.It will give you big earnings but will not make one's rich instantly.Invest what you can afford to loose in crypto and takes a lot perseverance in order to meet your goal of getting rich.

Anna Borisovna

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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

Apparently you did not keep the coins bought for a long time, during a massive market decline.
people are not worried about the loss of their coins, but about the loss of capital that they invested (at the wrong time, maybe)
and quick earnings are possible with small short-term investments - in any market, if it is not dead. if you have talent or trading experience

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