Topic: Crypto is not a get rich quick scheme - page 32. (Read 23373 times)
Like every other market you should know what you are doing
Crypto is a game of but when you invest in crypto then you should believe in crypto and invest for a long term not a daily basis because who invest for a long term that can be a success.
if it was a get rick quick scheme, it wouldn't have lasted until today. it's better to earn slowly but surely.
This topic is so true, some people think cryptocurrency is a get rich quick scheme, that's why we have do many impatience adopters who want quick money.
Yeah I agree with you, most people that joined the crypto space thinks that crypto is a get rich quick space, because of the bull run that happened last year forgetting that people have been in the space before the bull run happened, and i agree it might take a little while for another bull run to happen again.
people like that I think they won't last a long time in the crypto industry, also with a very bad crypto this year of course they will feel anxious and will just give up because they are not used to crypto fluctuations 
It is a mistake to think that Bitcoin is a money making scheme at all !! If someone is greedy, crypto market will be ruthless for him! Cryptocurrencies primarily are a tool of payment, not a way to earn money.
Yeah I agree with you, most people that joined the crypto space thinks that crypto is a get rich quick space, because of the bull run that happened last year forgetting that people have been in the space before the bull run happened, and i agree it might take a little while for another bull run to happen again.
First statement is correct, whole world rushed here, with clever investorial faces..
Crypto has other main functions, not to get rich easily, for every regulars.
Crypto has other main functions, not to get rich easily, for every regulars.
some people think that way but this is a fallacy. only greedy people will have such objective.
This is an investment area. It is also possible to get rich quickly, but the right time to invest is possible. Usually, you can get rich quickly in a short time. Most of the time, it is a long investment process, and it is impossible to get rich quickly.
This is because of how you choose to invest and I agree that at the right time you will make as much money as you like. But the problem is that you need a head that is smarter than the others and you know the money you earned is someone else has left, so you dare to take them
Too many new projects, too little money for each project. Too little hype, so price is not skyrocketing that fast anymore and as a result fomo is less. Fomo is needed (though unwanted) for price to go up fast. Right now most are patiently waiting. New money will follow suit once the trend is up again.
Crypto is a rich scheme to thus who are early on it and they became very rich now, it is not to thus who have failed or lose of its investment in crypto, for me it is depend on how you figure out on how crypto works on you.
Weak people who do not believe in crypto go away, but those who are optimistic about the future will remain and use this time to buy at a low price.
It's not that it's not a get rich quick scheme. There are times that it is an rng (random number generator) scheme where sometimes you will get lucky. There are times that I've seen people get rich just because they invested in something and they didn't really expect that it will boom like that. I think luck still plays a role here even though you've done countless research.
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?
Unless of course there are such advantages, yes, you can of course get a good profit at a certain moment, but it all looks not only as a successful strategy, but a combination of circumstances. So the market is becoming more and more like a casino. 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?
In fact, no one can know that a bull run will come soon, but many people believe in it. Although it seems to me it will not come soon!
I think traders who get rich by investing in cryptocurrencies will not exceed 20% of the total, because most investors are reluctant to quit when they are profitable, and they choose greed.
I believe that is what everyone outside the crypto world think, cause what they saw on everyone who were in crypto world are having like an enormous amount of income, especially in 2017.
some people out there still think that people who join the crypto world can achieve success and get money quickly, it can even be said to be rich overnight. even though in reality we are currently experiencing difficult times in the crypto world.
I support the vehicle. I am also not particularly worried about the decline in the market, I look at the long-term perspective. In the meantime, the market is falling, I try to buy good altcoins as much as possible in order to average the portfolio.
After a huge bull run, we need years for correction, yes i agree with you. But these years will fatigue some impatient people and they will give up. Only those who believe in this market will remain.
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