Cryptocurrency, now a fast rising trend! - page 3.

Maslate

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Quote from: goldade on May 07, 2021, 10:08:57 AM

Quote from: Rruchi man on April 26, 2021, 11:25:57 PM

snipped...

I absolutely agree with everything you wrote. It's just the absolute truth. People start using cryptocurrencies based on the testimony of someone who bought when the price was really low and sold when at a higher price to make profit and they think it's just a matter of buying low and selling high. They don't even understand how that works in itself.
You should, however, know that just like with cryptocurrencies, it is the same with every form of business. The rich would make more money because they can afford to buy more units of the same goods and can take more risks. That's not just some cryptocurrency thing. It's the same everywhere.

It is to find that more rich and influential people are not engaging in crypto. I don't know if they will consider this risky but these kinds of people can really afford to lose their money so it wasn't a big deal for them. But I don't think that will be in their mind, they might be thinking the positive and making this market another source of their wealth.

Lanatsa

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Quote from: Shasha80 on May 07, 2021, 04:32:56 PM

Quote from: Kittygalore on May 07, 2021, 02:31:07 AM

Quote from: airdata on May 06, 2021, 12:24:29 PM

This is Hundred percent true that this Crypto currency changed many peoples life, now they are Millioner. Also many people still continue Earning very good amount from crypto.
I see that my friend make $33k usd in just one month from his Investment. It is too much money, now his life has totally changed.

33k USD is a lot of money to be honest especially in my country. That money could help you retire in your 30s and enjoy your life. I love that bitcoin is finally getting the attention that it deserves in the past 10 years, and I think that the prices from this point on is only going up with the continuous trend.

I agree that making a profit of $ 33k from investing in cryptocurrency is a very good achievement. If I worked in the real world, $ 33k would
take 2-3 years to earn. This is what makes cryptocurrency even more popular, because it can make huge profits and has succeeded in making
some people rich. Moreover, the performance of cryptocurrency this year has been extraordinary, almost all coins have increased very drastically.

Would really be giving out that kind of opportunity on making money that would surpass any traditional ways on earning income but somehow it does involved with some investment for you to take in.

This isn't something that you can get rich instantly and just like on having an ordinary business then you would need to work hard for it unless if you decided to hold something

then its upto your choice but that wont be guaranteeing for you to succeed.Its a little bit needing of some luck when dealing with crypto because not all would really be expectedly to rise up.

Shasha80

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Quote from: Kittygalore on May 07, 2021, 02:31:07 AM

Quote from: airdata on May 06, 2021, 12:24:29 PM

This is Hundred percent true that this Crypto currency changed many peoples life, now they are Millioner. Also many people still continue Earning very good amount from crypto.
I see that my friend make $33k usd in just one month from his Investment. It is too much money, now his life has totally changed.

33k USD is a lot of money to be honest especially in my country. That money could help you retire in your 30s and enjoy your life. I love that bitcoin is finally getting the attention that it deserves in the past 10 years, and I think that the prices from this point on is only going up with the continuous trend.

I agree that making a profit of $ 33k from investing in cryptocurrency is a very good achievement. If I worked in the real world, $ 33k would
take 2-3 years to earn. This is what makes cryptocurrency even more popular, because it can make huge profits and has succeeded in making
some people rich. Moreover, the performance of cryptocurrency this year has been extraordinary, almost all coins have increased very drastically.

goldade

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Quote from: Rruchi man on April 26, 2021, 11:25:57 PM

Cryptocurrency is becoming more of a trend, almost everyone has heard about someone whose life changed for the better because of cryptocurrency, because of these shinning prospects, many more are latching in to get the gains without first seeking to get the knowledge.

So Mr Z got rich from owning crypto? that's what many heard, so many already feel rich because they have one small fraction of a crypto. What many many need to know is that,

(a) Having a small fraction of any crypto might not get you rich, to see real gains, try to procure "One" or more.

(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.

(C) Hodling a cryptocurrency with no definite plans in mind might not make you rich. You might just have your initial capital dancing around a range of figures.

I absolutely agree with everything you wrote. It's just the absolute truth. People start using cryptocurrencies based on the testimony of someone who bought when the price was really low and sold when at a higher price to make profit and they think it's just a matter of buying low and selling high. They don't even understand how that works in itself.
You should, however, know that just like with cryptocurrencies, it is the same with every form of business. The rich would make more money because they can afford to buy more units of the same goods and can take more risks. That's not just some cryptocurrency thing. It's the same everywhere.

isaac_clarke22

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I would like to hear someday here in my local community that one got rich from cryptos and I would be hella surprised. There are still number of people shrugging off crypto and one wouldn't know that it would be the most convenient investment in their part during this pandemic.

Quote from: Kittygalore on May 07, 2021, 02:31:07 AM

~

It is almost like winning in a lottery for me actually. Cheesy

DoublerHunter

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Quote from: Ararbermas on May 06, 2021, 11:33:35 PM

Quote from: Hypnosis00 on May 06, 2021, 05:58:16 PM

People are in FOMO and it was not a good idea. They are entering the market in hypes which is absolutely not the best time but that is their choice. I'll be expecting these people the first to step out once the market turns to bearish season.

yes it's there choice and perhaps they know how risk it's to enter late in the market, especially when there's a bumped of price already, but we should understand whats their decision because of course there's a big reason for it. i know usually they're just want a quick profits from that trend, its very obvious actually because of being late comers.

^ I don’t think it is a good idea to invalidate the people who feel and enjoys their success even when it is just a small fraction. Bigger things start at small, we all know that. It is really irrational to compare the beginners and small-time holders to whales and rich people. They all have different phases and rich people started really small, as well and that is for sure. If the person only has $50 spare, then let him go in and earn from it. He does not need to wait until he gets fund and invest it. He has to start right away and learn from his mistake slowly and that would benefit him in the long term. I guess we all have the same approach anyway. It works for me and anybody else here.

Kittygalore

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Quote from: airdata on May 06, 2021, 12:24:29 PM

This is Hundred percent true that this Crypto currency changed many peoples life, now they are Millioner. Also many people still continue Earning very good amount from crypto.
I see that my friend make $33k usd in just one month from his Investment. It is too much money, now his life has totally changed.

33k USD is a lot of money to be honest especially in my country. That money could help you retire in your 30s and enjoy your life. I love that bitcoin is finally getting the attention that it deserves in the past 10 years, and I think that the prices from this point on is only going up with the continuous trend.

Tomiwa_akin

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nothing beats having more and enough capital either to trade or invest. but this is soley base on your knowledge if you will make good profit or not which is what is important. for trading is majorly on your skils and knowledge, for investing its based on research. you can be a good trader and now a good investor.

Ararbermas

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Quote from: Hypnosis00 on May 06, 2021, 05:58:16 PM

People are in FOMO and it was not a good idea. They are entering the market in hypes which is absolutely not the best time but that is their choice. I'll be expecting these people the first to step out once the market turns to bearish season.

yes it's there choice and perhaps they know how risk it's to enter late in the market, especially when there's a bumped of price already, but we should understand whats their decision because of course there's a big reason for it. i know usually they're just want a quick profits from that trend, its very obvious actually because of being late comers.

Fredomago

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Quote from: AmoreJaz on May 06, 2021, 06:51:41 PM

those people who come into this crypto market without or very little knowledge usually are those that will end up hating or cursing crypto once they lost in trading.

It's been proven before, those who quickly jump when crypto pump last 2017 are the people who hated this venue of investment a lot, suffering from a heavy losses, they start to blame the market.

Quote

they have high expectations to begin with and thinking that this market is a get-rich-quick market.

Most of them are being allured by the quick pump, thinking that they'll also catch it up and runaway with sweet profits, only to realized that it's the other way around.

Quote

but once they are in, they will realised that there's more than meets the eyes here.

Sad but there are so many cases like this and for sure it might happen again with this current bull season.

Quote

it is not easy to gain in trading if you have no knowledge about how it works.

Learn the basic then keeps on enhancing your knowledge, you have a muc better tedge if you learn more deeper.

AmoreJaz

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Quote from: Hypnosis00 on May 06, 2021, 05:58:16 PM

Like 2017 Bullrun, almost everyone is talking about crypto in a positive and full of hopes but as the market starts crashing, they'll be changing their minds and even think about the end of crypto. That particular scenario is also happening this time, more and more people had come in a positive way, thinking for easy money, and even without knowing about crypto, they just like jumping into the boat without a single knowledge of what they gonna do inside.

People are in FOMO and it was not a good idea. They are entering the market in hypes which is absolutely not the best time but that is their choice. I'll be expecting these people the first to step out once the market turns to bearish season.

those people who come into this crypto market without or very little knowledge usually are those that will end up hating or cursing crypto once they lost in trading. they have high expectations to begin with and thinking that this market is a get-rich-quick market. but once they are in, they will realised that there's more than meets the eyes here.
it is not easy to gain in trading if you have no knowledge about how it works.

stomachgrowls

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Quote from: Rruchi man on April 26, 2021, 11:25:57 PM

Cryptocurrency is becoming more of a trend, almost everyone has heard about someone whose life changed for the better because of cryptocurrency, because of these shinning prospects, many more are latching in to get the gains without first seeking to get the knowledge.

So Mr Z got rich from owning crypto? that's what many heard, so many already feel rich because they have one small fraction of a crypto. What many many need to know is that,

(a) Having a small fraction of any crypto might not get you rich, to see real gains, try to procure "One" or more.

(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.

(C) Hodling a cryptocurrency with no definite plans in mind might not make you rich. You might just have your initial capital dancing around a range of figures.

When you are completely noob into this market and you have seen someone purchased out a new car or a new house because of cryptocurrency investment profits then you would really be having those initial thoughts that you might really make yourself into the same situation if you do tend to engage or deal with crypto and in result you would be hurrying up and tend to invest without any ideas on what you are currently doing.

Until the time comes that you had experienced losses and thats the time you do say that this market is a scam and make out self realizations that this isnt something easy to be attain.

Those people you have seen that succeeded into this market are the ones who had risk out their money to make investment and of course it is bit needing some sort of gamble when you do deal up something into this space.

Cryptocurrency is really indeed a fast rising trend, not only do talks about investment or profitability matters but also into the means of its actual usage and relevance when it comes
to payment system which is totally different into those traditional ways that we know.

Hypnosis00

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Like 2017 Bullrun, almost everyone is talking about crypto in a positive and full of hopes but as the market starts crashing, they'll be changing their minds and even think about the end of crypto. That particular scenario is also happening this time, more and more people had come in a positive way, thinking for easy money, and even without knowing about crypto, they just like jumping into the boat without a single knowledge of what they gonna do inside.

People are in FOMO and it was not a good idea. They are entering the market in hypes which is absolutely not the best time but that is their choice. I'll be expecting these people the first to step out once the market turns to bearish season.

GreatArkansas

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Quote from: mk4 on April 27, 2021, 01:08:42 AM

Quote from: Rruchi man on April 26, 2021, 11:25:57 PM

(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.

(....)
With trading though, having more money can make you more money, but can also make you lose more money. As long as a person actually knows how to trade well, that person could be "rich", even if he/she starts with a very low amount.

Yeah, in trading, most people there or those OGs in trading are started with a very small amount of money and they started to grow and multiply their initial trading capital.
Even how big or small your starting capital in trading, it doesn't matter. As long as you are a responsible trader, you can make your small trading capital larger.

Cherylstar86

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Quote from: Rruchi man on April 26, 2021, 11:25:57 PM

Cryptocurrency is becoming more of a trend, almost everyone has heard about someone whose life changed for the better because of cryptocurrency, because of these shinning prospects, many more are latching in to get the gains without first seeking to get the knowledge.

So Mr Z got rich from owning crypto? that's what many heard, so many already feel rich because they have one small fraction of a crypto. What many many need to know is that,

(a) Having a small fraction of any crypto might not get you rich, to see real gains, try to procure "One" or more.

(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.

(C) Hodling a cryptocurrency with no definite plans in mind might not make you rich. You might just have your initial capital dancing around a range of figures.

It's hard to start at small capital these days, what's important if you're going to enter while price was too high don't just dump it too quick. Much better if have a contingency plan above all, long term goals should be set according to trend of what asset you're still holding. Because if we just ignore different possibilities, nothing will happen on your finances but still not gaining a sustainable profit.

Scripture

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A trend that everyone should watch closely because it changes from time to time, and I have to agree that this bull market attracts many fresh money, and that makes it more valuable. This rising trend is the result of a good services being offered by cryptomarket and I have to admit as well, that the hype of some tokens also attract newbies to start to learn about cryptocurrency, the mass adoption is happening now I believe and that’s good for the whole cryptomarket.

Anyway, you’ll not get rich by just owning a crypto you still need to work on it and achieve that goals through your crypto decisions, so don’t expect to get rich easily.

el kaka22

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I do agree that it is a new trend. I mean crypto has been around for a while, and I have been here for nearly 8 years now, and I still count it as new to other people. In 2017 we have seen the whole world hearing about it for the first time, before that there were a few of us but not like 2017, it was literally on every TV channel during that period and that was the moment it break into the mainstream media so that was a huge one.

After that this last year when everyone was sitting at home bitcoin was doing records after records which created a huge deal and that is what I think is the real thing, it put on top of that 2017 because in 2017 everyone "heard" about it but this year many of them actually got into it. This is why I think it is a rising trend, yes everyone knows about it but more and more people are getting into it as well.

Mahanton

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Quote from: Rruchi man on April 26, 2021, 11:25:57 PM

Cryptocurrency is becoming more of a trend, almost everyone has heard about someone whose life changed for the better because of cryptocurrency, because of these shinning prospects, many more are latching in to get the gains without first seeking to get the knowledge.

So Mr Z got rich from owning crypto? that's what many heard, so many already feel rich because they have one small fraction of a crypto. What many many need to know is that,

(a) Having a small fraction of any crypto might not get you rich, to see real gains, try to procure "One" or more.

(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.

(C) Hodling a cryptocurrency with no definite plans in mind might not make you rich. You might just have your initial capital dancing around a range of figures.

a. They should really be thinking off this way and wont really be expecting that much that they could be rich once they had made out some engagement.

b. This is the reality since rich people does have always the advantage when it comes to finances then its normal that they would be making more that into those average joes

c. Even to those knowledgeable ones, the odds on making yourself rich in just holding is still the same.So i can still make a shot on this one.

LUCKMCFLY

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Remember that this is a way of looking at the Crypto market, it is not that everything is like that, if you think about any person who buys something from Crypto as an Altcoin it can give benefits over time, when it has had corresponding maturity and according to The stage of the market in which it is, the ideal is that it is in the accumulation stage so that when the benefits occur it will be in full bullish trend stage at its maximum point, this is determined by Bitcoin.

I think that now the important thing is, that all this is directed in the direction of investment, it is very different from trading or market speculation.Everything changes if you are going to trade or speculate in the market because you must go in the direction that has the least resistance, taking advantage of these movements is that you can win.

boyptc

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Quote from: Gozie51 on May 06, 2021, 09:17:51 AM

I don't agree totally to this. I can agree that with good plan, waiting and luck, a good project can build your few coins into wealth. We see bitcoin, ethereum, bnb and many other high priced altcoins or currently dogecoin ( Grin

). Just 10 btc is how much Huh

Yeah, those were cheap before.

But because of the trend that it had got and the value of it seems to be unstoppable in rise, keep yourself to be determined by owning even if with a small fraction for a start.

Topic: Cryptocurrency, now a fast rising trend! - page 3. (Read 519 times)