That was the problem with the $20k hype times as well.
People imagined they could get rich very quickly and invested all they had in order to make 100 times more and become rich all of a sudden and get houses and cars and go to vacations and live an amazing life. Of course that didn't happen and right now we are looking at a problematic price and bear market for the past year. People imagined it was a get rich quick thing and if they can get in early they could leave when they are rich and the price was still going high and instead they were left with a bunch of coin that worth half of what they used to worth and even worse.
No one really cares about the idea and the project behind bitcoin anymore, they do not use bitcoin like how bitcoin was suppose to be, they only care that bitcoin should be making them money.
Topic: Crypto is not a get rich quick scheme - page 36. (Read 23373 times)
my opinion for now is to agree with this thread statement. this is because crypto is not like last year where we easily get prizes by following airdrop and bounty without scams.
it is true, crypto is not a get rich quick scheme, but if in my opinion, crypto is a place to fill in the empty time it produces. where we have to get a good project to get a present from them.
Cryptocurrency is not an industry that one can get rich all the time. Cryptocurrency is very risky that you can earn big or the other way around, you can also lose big. Skills, experience, and knowledge are some key characteristics one should have to get earnings here.
There are always dissatisfied. Even if there is a rapid growth, there will be dissatisfied people who have already sold BTC and are now looking at its growth and consider their lost profits.
The cryptocurrency market is actually unfriendly to ordinary traders, because the price of crypto is controlled, so I think that when we invest, we should learn to change trading strategies according to market changes!
In 2017, investments in any crypto token brought a good profit. In 2018, crypto investors returned to the earth when the prices of crypto tokens acquired their real value. Now ICOs become venture projects, which profits can be obtained not in a month, but in 5-7-10 years, as it happens in the ordinary world. It's time to get used to the new reality. But I think that investments in cryptocurrencies will be beneficial in any case. It is only a matter of time.
Of course crypto is not a quick scheme for getting good money. It is necessary to understand that the price of coins will rapidly grow before a big fall should occur.
There is really no shortcut in getting rich.It is not that easy especially now that the market is bloody.However,should the market goes up again and you have enough coin in store in your wallet then that is the time you reap what has been planted.Never panic and keep that positivity in order to come up with better decisions.
You are right, even though the price decline in the market is very drastic but it seems that this is not entirely bad, it gives us the opportunity to buy coins at cheap prices
I think you're right, all it requires a process and a pattern. Up and down price very reasonable. Maybe for people who entered the market at the right time he get profit many times and think that crypto can make people quickly rich. In fact all it takes the process. Not only fast or not but how we learn from time to time. How bad the market if we have a good plan in the previous of this will not be a big enough problem. Patient and do not be greedy.
You really have the mindset of experienced investors, I see but the exclamation comes mainly from new investors, investors who do not know about crypto.
It never has and probably never will. This is a completely new technology with less than one quarter of the world population aware of its use and solutions. Therefore it will take some time to actually profit from it on a massive scale. Anyone investing in Crypto with the intentions of cashing out in a month or two is only deceiving themselves. Occasionally, the odd situations whereby someone make a lot of money from the crypto industry may arise but ultimately, to make that kind of money, you need a whole lot of patience for when there is a wide scale adoption and usability of the technology. Only then will early adopters be truly rewarded.
In 2017, investments in any crypto token brought a good profit. In 2018, crypto investors returned to the earth when the prices of crypto tokens acquired their real value. Now ICOs become venture projects, which profits can be obtained not in a month, but in 5-7-10 years, as it happens in the ordinary world. It's time to get used to the new reality. But I think that investments in cryptocurrencies will be beneficial in any case. It is only a matter of time.
Getting rich quickly is also possible, but only when Bitcoin takes off can get rich quickly. Now that cryptocurrency has been in a long-term downturn, it is basically impossible to get rich quickly. Reducing losses is already a great operation.
This cryptocurrency has a scheme of two price movements, up and down and in cryptocurrency has a very high risk because it can make you become rich and you can also become poor so you should be able to be careful when trading cryptocurrency.
Yes maybe this is true that crypto is not a rich quick system scheme especially with the current market conditions, if last year crypto was legit and could generate a lot of profits there, but now it turns around and this is commonplace in the cryptocurrency world
I quite agree with you that crypto is not a get rich system but ironically that the sentiments of many players . They come in thinking of how to put it big without hardworking but in the event that it does not happen they get disappointed a d frustrated
I agree, ideally the crypto market should not be used as a place to seek profits and become rich overnight. but the reality that we face today, the enthusiasm of investors who come is only limited to that. very difficult to control, even though what crypto needs is use value that can benefit global life. on the other hand we must accept that all of this is a gradual process in achieving the main goal of crypto itself. we cannot force everyone to be one head with our idealism, because when there is demand, there will always be people who seek profit.
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.
Absolutely true, wise men are adding coins to their portfolio at the moment while those who have weak hands are whining and crying why things are happening, i mean the bearish market. There is no such thing as get rich quickly here in crypto, we should worked very hard for our wealth and it takes a lot of time.
Crypto can deliver results in a short time but when lucky entry within a specified time. for example, like the end of last year for example. but after that point when it just keeps hoping the results without any serious intention to deepen crypto then this will give harm to yourself because it could not master the circumstances that exist. This is the reason a lot of complaining and blaming crypto for losses it brings.
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