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Topic: CRYPTO IS NOT A GET RICH QUICK SCHEME - page 5. (Read 678 times)

legendary
Activity: 3276
Merit: 2442
August 21, 2022, 03:00:45 AM
#7
True. Those who want to get rich quick  will get rekt very hard during the bear market. People shouldn’t think about the price too much. Bitcoin is very good for sending and receiving money. You don’t even need to invest in bitcoin to able to use it. You can still benefit from bitcoin even if you don’t hold any. People usually miss this fact because most people are in because they only care about getting rich.
legendary
Activity: 2450
Merit: 1047
August 21, 2022, 02:18:42 AM
#6
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 really is not, a project starts with whitepaper introduction of the project and building a platform to promote it and build a community around it it cannot take overnight to do this, it takes 5 months to one year some longer before we can see actualization of the whole project, and you have to keep monitoring the project to see if it still lives to its potential and your expectation if you are there in the early stage, and you are one of the early birds then you have a chance to make a profit, it still depends on how they perform in the market and your entry point, the time you bought the coin.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
August 21, 2022, 02:01:00 AM
#5
Crypto currency is not a get rich scheme,
Yo, most users think like that anyway.

Quote
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,
Having good level of patience is a virtue, most dont have it and therefore they dont find success in many aspects of life, not just crypto.

Quote
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,
Influencers shilling these projects are an instant no-no. People should learn that most newly launched projects are just short term gains for the owners, marketers and influencers and not the investors. The long term value of any such project is absolutely zero.

Quote
Let's be guided...
But who will guide the newbies? We forum members who have learnt the basics should try to make them aware.
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
August 21, 2022, 01:57:02 AM
#4
You will be overwhelmed if it's like 2 years or more ago. The thought of many not just the newbies was that when they hear crypto, it's all about being rich overnight and a scheme that they can easily take advantage.
But little did they know that this is a typical market just as they knew before and it's hard if they have zero knowledge on it because they're like investing into something that they didn't now.
I think the percentage and statistics of the people that are believing about it as a get rich scheme had gone down due to the bear market too.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
August 21, 2022, 01:23:29 AM
#3
Yeah but this is a scheme that makes a poor guy can become a rich guy. That's why people are looking for the new project to invest. The main concern must be on timing to invest. People are investing in the existing token which will not make them all become the next rich person. The quick rich scheme was only for people who are actively looking for hidden gem. I should remind you that those big marketcap coins were also starting from nothing.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
August 20, 2022, 11:22:35 PM
#2
Even 1 cryptocurrency is enough to change someone's story, because in fact an investor doesn't need more than bitcoin which still has potential to reach much superior price levels than the one we see today, with the history and reputation no other cryptocurrency can overcome.

But like any serious investment, you need to put your money there and forget for a long time, so you don't feel tempted to cashout it for whenever reason you might be currently facing.
newbie
Activity: 77
Merit: 0
August 20, 2022, 10:46:19 PM
#1
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...
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