Topic: CRYPTO IS NOT A GET RICH QUICK SCHEME (Read 665 times)
Everyone wants to be rich and live a prosperous life. It should be considered as a perfectly normal thing for people to approach cryptocurrencies or other investment instruments with these thoughts. But it should not be forgotten that only those who are patient can have the opportunity to change their life one day. Bitcoin investors in the past are full of examples of this. Also, getting rich quickly can cause our character to deteriorate. Immature people cannot bear wealth.
only patience and endurance can help increase your balance.It is important to understand that by buying one or two coins you will not get rich in any case, you need start-up capital, it seems to me that the times when any token can shoot have passed.And we need knowledge without them now nowhere.
No man, patience is not enough. You can even hold your asset for so long but if you were not taking any opportunity and then you will always be missing the pump. this may make you feel so damn bad missing opportunity to sell at the peak price. That's ever happened in my life and im really regret it. I think that you must also watch market. In my opinion if anyone was also aware about that. Selling at the high price must become anyone's dream
Everyone wants to be rich and live a prosperous life. It should be considered as a perfectly normal thing for people to approach cryptocurrencies or other investment instruments with these thoughts. But it should not be forgotten that only those who are patient can have the opportunity to change their life one day. Bitcoin investors in the past are full of examples of this. Also, getting rich quickly can cause our character to deteriorate. Immature people cannot bear wealth.
Agreed on the fact cryptocurrency is a way to make yourself rich. For the same patience is much required. Most of the time users get into the market hearing the words of other people. This won't work all the time. One needs to understand and then make the investment. Just because cryptocurrency investment brought big profit for the person next to you, it doesn't mean you'll also experience the same. 
only patience and endurance can help increase your balance.It is important to understand that by buying one or two coins you will not get rich in any case, you need start-up capital, it seems to me that the times when any token can shoot have passed.And we need knowledge without them now nowhere.
No man, patience is not enough. However, in facing this market situation, it is not enough with only patienet. We must be responsible for what we have been doing, making our own responsibility, getting better to survive during this crash market, and also getting the right strategy due to this recent situation. It means that patience can suport us in the term of investment strategy and resonsibility
I don't know why people come to the crypto world and hope that they can be rich instant. Maybe they see videos or read some articles about being rich because of crypto.
Thats probably the case. Many people engage themselves in crypto because they think its easy to earn here especially during bullrun season wherein majority of coins are soaring high including meme coins.They became interested to join the hype and not aware of the risk. Having no knowledge and didnt see the bearish season to come thinking coins are only moving upward. This is the reason why many investors experience losses, buying at peaked price and panic selling after bullrun is over. Imvesting in crypyo is not really a rich quick scheme, but the good thing about experiencing to lose is, you realize what your mistake is and learned a lesson from it to do better the next time you invest.
But, you know how you could be a millionaire? Just invest for 20 years, as much as you can, and you will end up with some kind of profit in the long run, since bitcoin is a long term thing.
Who doesn't want to get rich quick , rich people are still looking for income to get rich, so the conclusion is getting rich requires a process if something is instant it's luck and things like that are very rare, CRYPTO can be said to be a get rich quick scheme and poor, remember the risks that have an impact very high can profit and loss
It all depends on their individual nature, how they manage their finances when they get something in crypto, for example opening a business like a small cafe, selling clothes and others, if you think crypto is a place to be rich, I think it's just the thinking of ordinary people who have ambitions , and without knowing the risks in the crypto world, so that's why many people are disappointed with crypto, because they don't want to ask people who are experienced in Crypto..
I don't know why people come to the crypto world and hope that they can be rich instant. Maybe they see videos or read some articles about being rich because of crypto.
Thats probably the case. Many people engage themselves in crypto because they think its easy to earn here especially during bullrun season wherein majority of coins are soaring high including meme coins.They became interested to join the hype and not aware of the risk. Having no knowledge and didnt see the bearish season to come thinking coins are only moving upward. This is the reason why many investors experience losses, buying at peaked price and panic selling after bullrun is over. Imvesting in crypyo is not really a rich quick scheme, but the good thing about experiencing to lose is, you realize what your mistake is and learned a lesson from it to do better the next time you invest.
People who got tricked by scam developers or being introduced by friends and only the good side of crypto has been introduced, but the other side, they are not aware about the risk. There are people who think that crypto can bring them fortune and change their lifestyle in a much quicker way,. Not realizing that in most cases, there are more people who losses their investment not just a little amount but huge amount of money because they've got lack of knowledge about this investment.
Well in equilibrium in order for one to get a huge amount of money, someone must give the same amount. So in the case of cryptocurrency, it is indeed proven in some cases that crypto might be the tool to get rich quick scheme since there are lots of traders who got rich overnight because certain shitcoins pumped hard but on the other side of that story, there are lots who losses huge amount of money because they end up bag holding worthless cryptocurrency. But if we wanted to avoid losses, we must not think the crypto is a get-rich-quick scheme but rather a get-rich-in-marathon way scheme, since it is safer to buy Bitcoin and hold it for the long term.
And figuratively speaking, it's more on the developers or early takers who mostly manage to compensate that huge, especially those times where hypes / pumped really active around this industry.
Crypto currency is not a get rich scheme,
Many want to invest today and be rich tomorrow, which is very wrong, it takes some times to make it in the industry, just 2 or 3 coin is enough to change your story, not by buying all coin you see, ease and patience wins the game,
And always caution your self, do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...
Many want to invest today and be rich tomorrow, which is very wrong, it takes some times to make it in the industry, just 2 or 3 coin is enough to change your story, not by buying all coin you see, ease and patience wins the game,
And always caution your self, do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...
I think all investments carry some risks, with crypto leading the list, but we have a larger risk appetite.
I have also invested in cryptocurrency, but I would prefer it if the government regulates it, so that the privacy concerns are addressed. With talks of a central bank digital currency, I feel crypto can become very significant.
Even though the cryptocurrency market is at its record low now, Rajagopal Menon, Vice President, WazirX said that there is no indication that millennials are moving out of crypto, infact he highlighted that the number of users within the age bracket is intact.
Crypto currency is not a get rich scheme,
Many want to invest today and be rich tomorrow, which is very wrong, it takes some times to make it in the industry, just 2 or 3 coin is enough to change your story, not by buying all coin you see, ease and patience wins the game,
And always caution your self, do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...
Many want to invest today and be rich tomorrow, which is very wrong, it takes some times to make it in the industry, just 2 or 3 coin is enough to change your story, not by buying all coin you see, ease and patience wins the game,
And always caution your self, do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...
It isn't but many people still treat it like it is. There are ways for quick returns but they are few and far between. More likely than not any of these high risk high reward projects are mostly just scams disguised as a good opportunity. But as long as there is greed people will continue to pile into these things hoping and praying.
People never understand it unless they became a prey for a scam. We can't deny it can make a person rich, but the same needs to be done with the proper research and study. Being rich through cryptocurrency investment happens, but people expect to experience it overnight.
Nowadays in the name of cryptocurrency many scams were targeting common people. One of my friend had plans of saving his money in fixed deposit. Someone have suggested to invest into cryptocurrency and he doesn't know anything. Now he's in loss and he don't know what is happening. A person handles his funds, such things should not happen.
Nowadays in the name of cryptocurrency many scams were targeting common people. One of my friend had plans of saving his money in fixed deposit. Someone have suggested to invest into cryptocurrency and he doesn't know anything. Now he's in loss and he don't know what is happening. A person handles his funds, such things should not happen.
Yup but just like fiat, cryptocurrencies can be used in both good and bad ways of making money.
For example, Forsage scam is using "ETH" as front for their networking ponzi scheme claiming that it's their "main product". This is where most of us get misinformed whereas if a coin was used for a scam opportunity, they would just generalize it as scam.
I have encountered some people before that they're trying to make me stop sharing something good about Ethereum because it's a scam from Forsage. I just simply educate them about ETH's real use cases and fundamentals rather than being used as a front for various get rich quick schemes
For example, Forsage scam is using "ETH" as front for their networking ponzi scheme claiming that it's their "main product". This is where most of us get misinformed whereas if a coin was used for a scam opportunity, they would just generalize it as scam.
I have encountered some people before that they're trying to make me stop sharing something good about Ethereum because it's a scam from Forsage. I just simply educate them about ETH's real use cases and fundamentals rather than being used as a front for various get rich quick schemes
People who got tricked by scam developers or being introduced by friends and only the good side of crypto has been introduced, but the other side, they are not aware about the risk. There are people who think that crypto can bring them fortune and change their lifestyle in a much quicker way,. Not realizing that in most cases, there are more people who losses their investment not just a little amount but huge amount of money because they've got lack of knowledge about this investment.
Well in equilibrium in order for one to get a huge amount of money, someone must give the same amount. So in the case of cryptocurrency, it is indeed proven in some cases that crypto might be the tool to get rich quick scheme since there are lots of traders who got rich overnight because certain shitcoins pumped hard but on the other side of that story, there are lots who losses huge amount of money because they end up bag holding worthless cryptocurrency. But if we wanted to avoid losses, we must not think the crypto is a get-rich-quick scheme but rather a get-rich-in-marathon way scheme, since it is safer to buy Bitcoin and hold it for the long term.
Crypto currency is not a get rich scheme,
Many want to invest today and be rich tomorrow, which is very wrong, it takes some times to make it in the industry, just 2 or 3 coin is enough to change your story, not by buying all coin you see, ease and patience wins the game,
And always caution your self, do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...
Of course it is not a get rich quick scheme. But still some people think that they are going to be rich over night by investing in crypto currencies. They invest and when they see the price fall a little, they panic sell and then starts saying that bitcoin and other crypto currencies are a scam.Many want to invest today and be rich tomorrow, which is very wrong, it takes some times to make it in the industry, just 2 or 3 coin is enough to change your story, not by buying all coin you see, ease and patience wins the game,
And always caution your self, do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...
The worst are the people that invest in scam/shit coins after seeing the price get pumped. They literally lose everything they invest and encourages those developers to scam more people.
People who got tricked by scam developers or being introduced by friends and only the good side of crypto has been introduced, but the other side, they are not aware about the risk. There are people who think that crypto can bring them fortune and change their lifestyle in a much quicker way,. Not realizing that in most cases, there are more people who losses their investment not just a little amount but huge amount of money because they've got lack of knowledge about this investment.
Crypto currency is not a get rich scheme,
Many want to invest today and be rich tomorrow, which is very wrong, it takes some times to make it in the industry, just 2 or 3 coin is enough to change your story, not by buying all coin you see, ease and patience wins the game,
And always caution your self, do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...
Of course it is not a get rich quick scheme. But still some people think that they are going to be rich over night by investing in crypto currencies. They invest and when they see the price fall a little, they panic sell and then starts saying that bitcoin and other crypto currencies are a scam.Many want to invest today and be rich tomorrow, which is very wrong, it takes some times to make it in the industry, just 2 or 3 coin is enough to change your story, not by buying all coin you see, ease and patience wins the game,
And always caution your self, do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...
The worst are the people that invest in scam/shit coins after seeing the price get pumped. They literally lose everything they invest and encourages those developers to scam more people.
People who got tricked by scam developers or being introduced by friends and only the good side of crypto has been introduced, but the other side, they are not aware about the risk. There are people who think that crypto can bring them fortune and change their lifestyle in a much quicker way,. Not realizing that in most cases, there are more people who losses their investment not just a little amount but huge amount of money because they've got lack of knowledge about this investment.
Oh at this point I can't say that I'd agree or disagree with your statement or not, cause in fact many people could really get rich from investing in crypto, especially at the beginning of the crypto popularity rise. When bull season happens, seems like all tokens/coins could give you profits even the trash ones could make you rich. The crypto world keeps many surprises and that is what makes it interesting. However, I can agree with you that now, we need to be more careful and patient with the market. Many things have changed and we need to develop along with the maturity of the market. We need to be more selective and cautious since all seems more difficult right now.
Crypto currency is not a get rich scheme,
Many want to invest today and be rich tomorrow, which is very wrong, it takes some times to make it in the industry, just 2 or 3 coin is enough to change your story, not by buying all coin you see, ease and patience wins the game,
And always caution your self, do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...
Of course it is not a get rich quick scheme. But still some people think that they are going to be rich over night by investing in crypto currencies. They invest and when they see the price fall a little, they panic sell and then starts saying that bitcoin and other crypto currencies are a scam.Many want to invest today and be rich tomorrow, which is very wrong, it takes some times to make it in the industry, just 2 or 3 coin is enough to change your story, not by buying all coin you see, ease and patience wins the game,
And always caution your self, do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...
The worst are the people that invest in scam/shit coins after seeing the price get pumped. They literally lose everything they invest and encourages those developers to scam more people.
...So they come to the market without making any kind of research about whether those statements were true and they try to make their dream come true, they fail and complain about it, at that time we try to explain to them that their vision of the market was wrong but they refuse to listen to it and try over and over again to make their dreams come true in that way only to fail spectacularly.
For a beginner, the main task is not to lose his initial capital, which he is ready to spend on cryptocurrency, before he can independently assess the market situation. Since the temptation to make a profit quickly, without having knowledge, will necessarily lead to its loss.
Who doesn't want to get rich quick , rich people are still looking for income to get rich, so the conclusion is getting rich requires a process if something is instant it's luck and things like that are very rare, CRYPTO can be said to be a get rich quick scheme and poor, remember the risks that have an impact very high can profit and loss
Yes, I agree with you that crypto and investing in it can achieve rocket profits overnight, but the risk of it is catastrophic, as the dream of getting rich quickly is one of the most important reasons for the loss of beginners in this field because they invest unconsciously and without realizing that they may go bankrupt if the market turns red, wealth requires patience, as a person can buy from the bottom and hold his coins until the bull run, and also luck is among the reasons for getting rich because not all investors in cryptocurrency are rich, but there are different opportunities, luck, and investments. 
We all have different definitions of being rich and maybe when they say rich, they don't totally mean to have millions of dollars on them so what they are saying is very possible. It is truly possible to earn quick profits here in crypto. Other than short term investing and trading, theres also gambling which allows anyone to earn quick profits but that may not really be advisable since the risk in gambling can be much higher than two crypto activity.
do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...
And why not? Being an early bird has a perk if it's a brand new project. It ensures that the price is still cheap once you get it and when many people find it out, that is the time for the project to grow more in value but personal research is a must and not by only depending on those influencers. Let's be guided...
Jump to: