Topic: Crypto is not a get rich quick scheme - page 6. (Read 23384 times)
If we're to tell ourselves the hard truth, we would realised its not only the weak hands or those with get rich quick mindset that's complaining the market has gone through a lot of unending corrections for a year now. It's wise if people complain.
Cryptocurrency is a digital currency which operates similar like physical fiat. Its not anything closer to a get rich quick scheme. Cryptocurrency is the future of the world's financial economy. It introduces a new era of how people trade and do businesses online....
That's what one of the biggest mistakes people have made when they engaged into cryptocurrency investments. They think that it can make them rich real fast but when the market falls down hard after that 2017, they start complaining and whining now.
Those are individuals who really don't know what crypto is all about. They joined the bandwagon without sufficient knowledge that crypto is a very high risk investment and the price is very volatile. But if you are in crypto long enough before the 2017 hype, you would know what your next steps will be during this bearish market.
This is the result of too much speculating the market, as they always thinking that prices will keep climbing without even realizing that falls may also happen. They don't have knowledge about this form of investment and so they'll never realize it.
Absolutely. During the bull run in late 2017 many people are flocking in crypto and invest hoping for a quick profit but in return they end up losing. Inorder for you to earn profit be patient to wait for the market to recover or become bullish.
Crypto isn't dead, people lose their money in scam ICOs and keeps suffering frustration. They don't know about experience and never invest in wrong ICOs.
Now only those people who really understand in investing, invest in ICO. Those who do not understand in new projects - afraid to invest
That's what one of the biggest mistakes people have made when they engaged into cryptocurrency investments. They think that it can make them rich real fast but when the market falls down hard after that 2017, they start complaining and whining now.
Those are individuals who really don't know what crypto is all about. They joined the bandwagon without sufficient knowledge that crypto is a very high risk investment and the price is very volatile. But if you are in crypto long enough before the 2017 hype, you would know what your next steps will be during this bearish market.
That's what one of the biggest mistakes people have made when they engaged into cryptocurrency investments. They think that it can make them rich real fast but when the market falls down hard after that 2017, they start complaining and whining now.
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.
Cryptocurrency investors consist of a strong heart and patience. You will notice that if the market falls down, like what we are having now, those with weak hearts are the ones who panic sells and get off unto this. The bears, bulls and other manipulators are taking advantage about this one,and only the remaining elites will go to the moon.
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.
Cryptocurrency investors consist of a strong heart and patience. You will notice that if the market falls down, like what we are having now, those with weak hearts are the ones who panic sells and get off unto this. The bears, bulls and other manipulators are taking advantage about this one,and only the remaining elites will go to the moon.
A diligent investor will avoid investment that promises huge gains in a short time.The little exception may be an emerging class of investment such as cryptos where one can take a relatively small risk with huge potential results. We had a lot of instance where a 100 $ token did several thousands in just a few months.That being said, one should not forget that there are no guarantees and these are not get rich quick schemes with cryptos, you may have to spend a long time to see profits.
Nice post. Crypto for a fact is not a get rich quick scheme, it's not ponzi. Patience is required to be a good crypto enthusiast. Let's hope for the best while holding some coins and tokens with potentials for the future, not just holding because others are holding. Thanks
It's really not a get rich scheme but if you are a strong believer you will get rich eventually, we have this happen to early birds believer of cryptocurrency, as long as you have the perseverance to holdl and accumulate more coins whether you like it or not you are going to make profit, because so many predictions are pointing to Bitcoin heading to 1000% pump in price.
I think this is a scheme of long enrichment, everything is the opposite. It’s like investing in stocks of companies, I think it’s better to compare them to stocks, then it will be clear what kind of investments these are, and I would say even better than stocks.
Crypto isn't dead, people lose their money in scam ICOs and keeps suffering frustration. They don't know about experience and never invest in wrong ICOs.
Now only those people who really understand in investing, invest in ICO. Those who do not understand in new projects - afraid to invest 
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?
Most people have become more interested in cryptocurrency because they think that cryptocurrency is just a scheme for you to get rich. But they are wrong because earning money in crypto is difficult for people who don't have any patience and don't have knowledge about it. 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 2017 bull run, many people got rich quickly, so seeing that many other investors got into the market in the hope that they can get rich quickly, but that hadn't happened, since then the market nosedived and got to bottom.
Within some time it is expected, that the new bullish phase will come, at the end of this which is totally accumulation, we could expect new highs, and those who buy now, will most likely be new millionaires. That's why the best thing for now is to buy and maintain, there may be falls, it's normal, you just have to be patient.
In 2017 bull run, many people got rich quickly, so seeing that many other investors got into the market in the hope that they can get rich quickly, but that hadn't happened, since then the market nosedived and got to bottom.
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?
Cryptocurrency is not really a scheme for you to get rich quickly because it will take you a lot of time and hardwork before you get rich with it, but many people really says that it is really more fun to earn money in crypto than your regular job because it doesn't give you a lot of pressure. 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 who think and believe that cryptocurrency is a get rich quick scheme do not really understand the main concept behind the introduction and development of cryptocurrency. Cryptocurrency is just the digital form of physical money but with this, transactions are made simple, easier and faster with a low fees charged. But due to the value of some of the crypto coin, people invest in them to some amount of profit when its market price increases....
But for some it did like in one shot. All I'm saying that they were lucky to be at the right moment when 100x to 1000x was very easy to achieve if you are a bagholder of diifferent altcoins. Your chances of becoming a millionaire with that strategy will get boosted so much because it was the golden year for cryptocurrencies.
Jump to: