Topic: CRYPTO IS NOT A GET RICH QUICK SCHEME - page 4. (Read 655 times)
Yes crypto is not a get rich scheme but if a newbie comes into crypto space let say bull market they can be lucky enough to make insane amount of money, but yes I never regret that I came when a bear market is alive, I knew the difference and understand the process better, patience is the key.
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.
Thank you for reminding me, to be honest I've known crypto for a long time more or less 7 years ago, if I had done this long ago I might have become a rich person, but unfortunately I'm too easy to switch to altcoins that have a momentary hype, even though I get profits but to be honest , it's all not worth it if I hold bitcoin since the beginning of knowing him.
Crypto which is a way for us to get bitcoin and at the same time learn to trade on exchanges, that's why over time a lot of crypto cryptos have sprung up, in order to lure investors to invest and there are lots of lures that are presented to get wealth instantly, but the opposite is true. actually happened. and that's where the scammers in or scam projects pop up...
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...
That explains why many are falling for the scams out their. They want to invest 20$ and get 20000$ the next day. This will never happen and any project that promises that will end up as scam.
Key is patience and knowledge.
Cryptocurrency investment could be profitable but seeing it as a shortcut to getting rich would be the wrong mindset. It always has risks and might not be successful at times. There's a huge possibility that we could also lose all our assets. It could make a person rich only if he knows how to do with the marker's volatility and is willing to face the challenges of long-term investment accompanied with the right choice of coin.
The interesting thing is many heard crypto is a gold mine after seeing or hearing their friends or acquaintances make it big. So if they invest all they have and it dumps, then crypto would automatically look like a scam to them. No research or checks would be done
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,
They only see people who get rich when invest in crypto, that's why they want to do it too, when in reality we use crypto to transact between individuals and other business people. For holders it is also not easy we have to be patient in holding every bite, people who trade in crypto market are also not always lucky, yes indeed agree holding 3 coin is more than enough, especially if every month of investment. 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,
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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 people don't realize or understand that crypto is not a get-rich-quick scheme. Unfortunately, they hear many stories from people, especially on social media, telling them they can get rich by investing in crypto. This is what makes people out there interested and start investing in crypto with the hope that they will become rich people too. This mindset needs to change and people out there need to understand that there is no get-rich-quick scheme but they have to work to get rich.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...
Let's hope these people realize it and think twice before they invest in crypto so they don't go astray. They need to learn more about crypto before they start investing in crypto.
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,
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,
Well it has definitely not been a get rich scheme for me so far
. I agree with you though that many are entering the crypto market with completely wrong and exaggerated expectations. Of course it is possible that you will find the gem project that will make you a x100 or maybe even more of your initial investment but the chances of finding that one project are very slim because there are just so crypto projects out there now. If you are new to the market then the chance of picking the right projects are probably even slimmer because you maybe will still follow the advice of crypto influencers that are just shilling their sh*t-coin to you. 
Rushing to get what they want is a nature of humankind that you can never deny and only a few of them are patient at the time when things are not going their way. In that case, crypto investment is not for them if they wanted to make profit as soon as possible because the crypto is not like that and if they want a proof, they can just see the history of altcoin miners where they started with nothing and just patiently holding the coins of their choice until it raises their price for them to sold it and earned some decent amount of income. This is how it works, it requires some wait and not some overnight changes.
Yes you are right about that, if you want to get rich with crypto for now it probably won't be possible, because currently the bear market is still dependent on crypto exchanges. But if you want to force yourself to buy and you can determine what you think is good in the future to choose 1 or 2 options for the ALT you want to buy then you will benefit from what you have invested in the future.
The era of meme coins and the associated hype have contributed to make people think cryptocurrency is a get-rich-quick scheme. Genuine coins/tokens like Bitcoin are actually aimed to grow steadily over time and earn genuine acceptance. Investing in coins like BTC, Ethereum, and the likes takes time to reap its benefits, most cases it takes years. Such investments that take years to yield results are obviously not a get-rick-quick scheme. it is important for those new in crypto to realize that genuine investments may take time to yield results and should not be confused with the hype that goes with some meme coins that only benefit few/project owners who are able to tract the meme coin and cash out immediately, and leaving the other investors at loss.
we are human and of course, it becomes natural if we want to get rich very quick, crypto on the other hand can make you rich but yes that everything need a process. in my opinion cypto can make you rich quickly but also can make you poor in the matter of hour. so yes there is no instant way to get very rich even in crypto
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've invested a 1k into a project and made thousands in the five days, if the timing is right yes crypto is a half baked get rich scheme, crypto high volatility is what makes all this to be possible, stock isn't profitable like crypto, in fact nothing is profitable like crypto. 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...
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...
actually this is not happening just today, but from days before. they think that crypto is a quick way to get rich. In fact, many people believe that their meme coin could be the same as bitcoin, or even beat bitcoin someday. well, I assume that they are too hasty. even with very little knowledge of crypto, they sometimes dare to invest large sums. sometimes, this leaves them with a deep loss. well, I just hope that we can all be wise and realistic investors. we will never know what will happen to the investment that we have if we do not do in-depth and continuous research on the project. 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's a get rich scheme and can apply to everyone, all walks of life can get rich from cryptocurrency. However, it is not a get-rich-quick scheme as many people believe it is.
It's like any other financial market, we want to make money then we need and have enough knowledge, experience and a bit of luck here can help us survive in cryptocurrency. If you don't want to learn, don't need experience and still want to get rich, then crypto is not for you.
It's like any other financial market, we want to make money then we need and have enough knowledge, experience and a bit of luck here can help us survive in cryptocurrency. If you don't want to learn, don't need experience and still want to get rich, then crypto is not for you.
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...
Everything that you can earn here should came from your hard work and your own analysis, this is the real success and if you will just depend on any hype of signal you won't succeed here in the market. 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...
Trader or investor should really not depend on any influencer though you can get their ideas and analyze it on your own so you can know if they are telling the correct signal or not, again it will still depend on your own analysis. Cryptocurrency can make you rich over time, there's a lot of ways here to become rich and honestly being a bounty hunter can still be a good source of crypto.
I agree with you although the number of coins being kept will grow as you understand more about cryptocurrencies.
Before, I also hold just 3 coins of different projects, mostly the known ones. But now, I cannot even keep up with monitoring every coin I bought, and some accumulated through different means.
Bitcoin, Ethereum, BNB. These 3 will not be gone in my portfolio. Those are the coins that built the crypto world and very soon they will be more valuable as more investors come in.
Before, I also hold just 3 coins of different projects, mostly the known ones. But now, I cannot even keep up with monitoring every coin I bought, and some accumulated through different means.
Bitcoin, Ethereum, BNB. These 3 will not be gone in my portfolio. Those are the coins that built the crypto world and very soon they will be more valuable as more investors come in.
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