Pages:
Author

Topic: CRYPTO IS NOT A GET RICH QUICK SCHEME - page 3. (Read 678 times)

sr. member
Activity: 1638
Merit: 251
August 22, 2022, 11:10:17 PM
#47
Yeah indeed it is not a short way to get rich, but i think i understand why many people think like that.
Im sure the people who familiar in crypto were witnessing many coins were skyrocketing in the past.
The volatility of cryptocurrency is very high, so the price can change anytime with significant amount of change.
member
Activity: 430
Merit: 10
Tontogether | Save Smart & Win Big
August 22, 2022, 08:42:53 AM
#46
Crypto is not a get-rich-quick scheme.
but from crypto we can change life and fate by investing or trading.
but it is not easy to be able to achieve the dream of changing lives from crypto because there are many great risks in it and it requires a process that is not short, trust, persistence and strong determination are the main factors needed when entering the world of cryptocurency.
sr. member
Activity: 1008
Merit: 366
August 22, 2022, 06:58:14 AM
#45
It is not also always profitable to hold. You need to have a proper knowledge of the market situation. Otherwise whales will eat your assets, and you won't even have a clue. Crypto is a long term investment plan, but people all over the world are also earning from day trading. You just have to find the best way that suites you. Use your knowledge and everything is possible.
legendary
Activity: 2268
Merit: 1655
To the Moon
August 22, 2022, 05:55:43 AM
#44
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...

Usually, a trader comes to such correct conclusions only after he loses his deposit for the first time. And this is difficult to fix, since for most people cryptocurrencies are associated with getting fast and easy money. I hope your deposit is safe.
sr. member
Activity: 924
Merit: 365
August 22, 2022, 05:44:39 AM
#43
As I grow further in crypto knowledge, I get to find out that crypto projects don't make someone rich overnight. It requires patience to see a project succeed in crypto. A legit project can't promise you richness in a short period, knowing full well how volatile the market can be.

A project that has so many paid Influencers shilling its project does turn out to be a scam. It has nothing to offer. Avoid them so that your hopes won't get trashed
hero member
Activity: 2128
Merit: 658
Leading Crypto Sports Betting & Casino Platform
August 22, 2022, 05:35:46 AM
#42
I strongly agree with this, that crypto is not a way to give and get rich quick. If anyone thinks so I guess it is the wrong one. Actually, any investment and anywhere is not a way to get rich, it's more about managing money so that you can make a small profit. There is a lot of risk in it, therefore it is recommended to use money that is specifically devoted to investing.
Cryptocurrency is now widely known all over the world. Why people are so encouraged here? Of course there are ‍some reasons. Cryptocurrencies are the most volatile currencies in the world. There is no obstacle in its upward and downward movement. By investing here, many have got beyond their expectations which they never imagined. On the other hand, the fear of losing is very high. However, without having proper knowledge investing any assets and the hope of quick profit is a sign of losing your assets.
legendary
Activity: 2366
Merit: 1023
DGbet.fun - Crypto Sportsbook
August 22, 2022, 12:40:07 AM
#41
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...

Should already be a common mindset but unfortunately, that's not always the case.

Sometimes people really need to experience being in a tough spot or being lost just to understand that putting money in crypto is not a joke.

I just hope that those who experienced the worst will soon bounce back and be better people or investors next time.

There is no better advice than experiencing it yourself. we also had such a misconception, lost a lot of money on shitcoins, and altcoins just because we want to get rich quick. Then we realized that cryptocurrency is not an easy place to make money as we imagined.
The market is full of harshness and pitfalls, you will only lose much more money if you have no knowledge of this market.
hero member
Activity: 2114
Merit: 562
August 21, 2022, 10:33:39 PM
#40
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...

I agree in your statement, but i don't in the title, because many people change their life because of crypto, maybe some not, but many have been benefits about it, Yes it is a Get rich quick, if you know the right method and timing you can change your life through it.
full member
Activity: 1736
Merit: 116
August 21, 2022, 05:33:00 PM
#39
Definitely, Cryptocurrency is not a get-rich-quick scheme but many scammers and fraudulent companies take advantage of the people's greed to get their money and exit scam quickly.  The created project under cryptocurrency especially those groups who take advantage of the trends and buzz words often convey to the investors that crypto is a get-rich-quick scheme shouldn't be supported because these projects often end up as a scam or make investors suffer a huge loss.

If people didn't become greedy, those projects wouldn't be able to scam them either. It is investors' greed and eagerness to get rich that make them victims of such scams. If everyone has prior knowledge to enter the market and invest seriously, slowly, no scam projects will be created.

The scammers have seen the greedy scheme of investors, so they took advantage of that loophole to create scam projects that hit the get-rich-quick mentality of investors.

Whereas most scammers use the same methods to deceive investors, but because there are always investors who are greedy and very obsessed
with big profits. So in the end there are always investors who become victims of fraud. That's why it is always recommended, especially for newbies
to learn correctly about the crypto world, before finally deciding to invest in crypto. That's because there are so many frauds in the crypto world,
which takes advantage of the lack of knowledge of some investors and also the high level of human greed. Because if we know how the crypto world
works and can control our greed, we should realize that crypto can not get rich instantly. It takes quite a long process and also patience until finally
we can become rich from crypto. So avoid if there are other people who offer investments in new projects that promise big profits in a short time,
it is a sign of deception.
sr. member
Activity: 832
Merit: 286
DGbet.fun - Crypto Sportsbook
August 21, 2022, 05:23:17 PM
#38
Should already be a common mindset but unfortunately, that's not always the case.

Sometimes people really need to experience being in a tough spot or being lost just to understand that putting money in crypto is not a joke.

I just hope that those who experienced the worst will soon bounce back and be better people or investors next time.
In the end they will know to invest in the right coins and don't want to get stuck on get rich quick scheme coins, but unfortunately many beginners find it difficult to bounce back after losing from bad coin investment, but if they bounce back then they are experienced to invest in top coins and Avoid investing in coins with high risk of loss.
hero member
Activity: 2268
Merit: 579
DGbet.fun - Crypto Sportsbook
August 21, 2022, 05:17:07 PM
#37
Definitely, Cryptocurrency is not a get-rich-quick scheme but many scammers and fraudulent companies take advantage of the people's greed to get their money and exit scam quickly.  The created project under cryptocurrency especially those groups who take advantage of the trends and buzz words often convey to the investors that crypto is a get-rich-quick scheme shouldn't be supported because these projects often end up as a scam or make investors suffer a huge loss.

If people didn't become greedy, those projects wouldn't be able to scam them either. It is investors' greed and eagerness to get rich that make them victims of such scams. If everyone has prior knowledge to enter the market and invest seriously, slowly, no scam projects will be created.

The scammers have seen the greedy scheme of investors, so they took advantage of that loophole to create scam projects that hit the get-rich-quick mentality of investors.
legendary
Activity: 2436
Merit: 1008
August 21, 2022, 05:14:14 PM
#36
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...

Should already be a common mindset but unfortunately, that's not always the case.

Sometimes people really need to experience being in a tough spot or being lost just to understand that putting money in crypto is not a joke.

I just hope that those who experienced the worst will soon bounce back and be better people or investors next time.
full member
Activity: 1008
Merit: 139
★Bitvest.io★ Play Plinko or Invest!
August 21, 2022, 04:58:04 PM
#35
Yes, cryptocurrencies have so many great potential and possibilities for everyone's life but with anything there are huge risks as well. Just like any other investment opportunity, cryptocurrency has its own pros and cons. Smart investors will take all these factors into account before taking any final decision. I believe that investors who are more aware and cautious of their investments might not fall prey to scams. People should also try to become more vigilant and less greedy, because it is our greed which makes us ignore the red flags.
member
Activity: 630
Merit: 10
August 21, 2022, 04:27:06 PM
#34
Depending on your plans and goals on why you are investing, it's still vital that you know that reasoning to get behind and reach your destination in the longer term. Investing in various coins isn't enough unless you have a lot of money in the bank to support or something that would make it worthwhile. I think it's essential to buy continuously on a project that you believe in and would have actual application in the world, not just show.
like this, trading in crypto is very risky, so we also have to have a strategy so that we can get rich,
get rich in crypto if the bull market is easy, just buy the altcoin you like, and hold it, then you will be rich,
but if bearish arrives then you will lose all your profit
legendary
Activity: 3052
Merit: 1281
Get $2100 deposit bonuses & 60 FS
August 21, 2022, 04:25:37 PM
#33
Definitely, Cryptocurrency is not a get-rich-quick scheme but many scammers and fraudulent companies take advantage of the people's greed to get their money and exit scam quickly.  The created project under cryptocurrency especially those groups who take advantage of the trends and buzz words often convey to the investors that crypto is a get-rich-quick scheme shouldn't be supported because these projects often end up as a scam or make investors suffer a huge loss.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
August 21, 2022, 04:11:46 PM
#32
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...
It would be nice if more people had the same thoughts as you but unfortunately your message is drown in a sea of misinformation, and this is not the only problem, what you are saying is something people do not want to hear, people want to believe they can come to this market and make a fortune easily, we know that is not true but that is what they want to believe and it is going to be impossible to convince them from the contrary as scammers are out there feeding those illusions to those people as they know they are the ones they can scam easily out of their money.
hero member
Activity: 2128
Merit: 658
Leading Crypto Sports Betting & Casino Platform
August 21, 2022, 03:03:31 PM
#31
Since joining cryptocurrency, many may start rushing to find that treasure. What exactly is crypto? I think It is the result of long-term perseverance. Here investment in good assets can get good results after a period of time but there is no specific time frame. There is a high chance of losing your assets considering it a get rich quick scheme. So it is not good at all to think anything more.
hero member
Activity: 1666
Merit: 709
August 21, 2022, 02:56:59 PM
#30
Who ever thought Crypto-currency is a quick financial freedom gateway probably should not be here. The Jetski way to losing in Crypto-currency is believing you would or should Always win. I don't care if you are a short term or long term holder or are you a trader or an investor, once you believe you can't lose then you start to go down trust me. Crypto-currency is that volatile and if you don't master it's season you probably won't get it right here.
legendary
Activity: 1778
Merit: 1474
🔃EN>>AR Translator🔃
August 21, 2022, 02:05:40 PM
#29

It seems like you are assured of the next big wins that will make you rich because of how you constructed your first sentence. Or are you really confident that just 2 or 3 coins is enough to achieve the fortune which someone is looking? Anyways, it is true that crypto is not quick rich scheme (most of the times), but there are some people who are lucky enough or let's say held their coin until the very good time in which they can sell it in much much higher price. Not all people are lucky so do not have a high expectation that you'll be one of them soon as you invested for in crypto.

I think that getting rich through crypto depends on the strategy that each person adopts. For example, traders may be lucky in the new currencies and gain large profits as a result of a sudden rise in the price of one of the currencies. Also, long-term holders can get large profits over time, and by looking at the Bitcoin price chart, for example, it is certain that many early users have become wealthy if they have never used their currencies.
They are all relative and there is no clear way for any user to become rich using crypto. Many use crypto for daily transactions and not for other purposes.
newbie
Activity: 77
Merit: 0
August 21, 2022, 11:45:15 AM
#28

It seems like you are assured of the next big wins that will make you rich because of how you constructed your first sentence. Or are you really confident that just 2 or 3 coins is enough to achieve the fortune which someone is looking? Anyways, it is true that crypto is not quick rich scheme (most of the times), but there are some people who are lucky enough or let's say held their coin until the very good time in which they can sell it in much much higher price. Not all people are lucky so do not have a high expectation that you'll be one of them soon as you invested for in crypto.

Not really sure though, but I believe, the next bull run will be massive with a good capital
Pages:
Jump to: