Does crypto offer riches overnight? - page 6.

armanhusni

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Quote from: DisWhale on July 25, 2018, 09:02:37 PM

Crypto is one of the avenues of getting rich yet it should be understood that it does not happen overnight. Getting rich in crypto requires a lot of dedication, hard work and patience. People do not see the essence of crypto investment because they want to get rich quickly, hence, hurriedly invest in projects that follow the pump and dump trend.
Remember, one key to success is patience.

I think in crypto we can reach wealth in a moment, but it must require large capital. but behind having large capital, of course, there must also be a patient attitude as you mean. therefore investing in crypto must have great patience and also sufficient capital.

whiteblue

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Quote from: daenarys_stormborn on April 27, 2021, 12:30:44 PM

Of course all these things can happen in the crypto world, many people have become rich in the crypto world, but you have to get rid of that mindset or you will be disappointed and traumatized in the crypto world, because not everyone is that lucky, success in the crypto world also requires patience and effort

Yes, not everyone in the crypto space can be successful with the same thing at the same time, especially when someone enters crypto not at the same time, so eliminating the mindset to get rich quick I think a very good solution too so everyone can focus at their job well even though the aim is also to seek very much profit.

Falconer

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Quote from: DisWhale on July 25, 2018, 09:02:37 PM

Crypto is one of the avenues of getting rich yet it should be understood that it does not happen overnight.

It seems very impossible to become a millionaire in one night, but not for now, bro, because Doge has made it happen overnight and on the side of the BSC token has made many new rich people such as holders of Nftart, Safebtc and many others. You should take advantage of current opportunities to start real trading until your goals are reached.

infer

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Quote from: DisWhale on July 25, 2018, 09:02:37 PM

Crypto is one of the avenues of getting rich yet it should be understood that it does not happen overnight. Getting rich in crypto requires a lot of dedication, hard work and patience. People do not see the essence of crypto investment because they want to get rich quickly, hence, hurriedly invest in projects that follow the pump and dump trend.
Remember, one key to success is patience.

Getting rich overnight with cryptocurrencies seems impossible. Unless you are extremely lucky.
I feel that it is necessary to have experience and knowledge. Being too impatient to invest only makes you fail. Many people are wealthy but there are also many who lose money. So you know what smart investing is like.

int03h

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Quote from: MishaSER on April 27, 2021, 12:47:43 PM

Quote from: int03h on April 27, 2021, 11:59:28 AM

The answer is yes. I have seen DOGE increase over 200% overnight, above all DOGE in futures trading. If someone executes a Long x20 to x50 order with a good stop-loss, they can bring in profits up to 10,000%.
During this bull run, many cryptocurrencies have increased in value several dozen times. Looking at Doge, Solana, Serum, Binance this April ... many people have become rich buying these currencies.
We may not get rich overnight, but we can get rich by keeping cryptocurrency overnight. Obviously, the returns on cryptocurrencies are great.

Plus, I can add on the project The Graph, which enriched all alchemists at the early stages of the development of the project. And also Uniswap 1INCH which distributed tokens for several thousand dollars.

Those are new projects and among them distributed via airdrop by user experience.
We can also refer to the projects listed after the ICO, IDO. I have seen people buying ALICE x300, FLOW x400, AIOZ x300, Safemoon ... and other projects.
I realize that recently many people have changed their lives by participating in new projects.

Henrobakkara

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Quote from: olabiyijummy02 on April 27, 2021, 07:16:30 PM

There is a saying that everyone is a good trader in a bullish market.
That can be likened to people that believe the cryptocurrency will make them touch overnight
This is a wrong approach to investing in cryptos
I understand that when the price of coins are pumping, you can buy and see your money increase within a sheet is, but this are only on a very few cases.

You are right about that but like you said, all this can happened in some few cases and cannot be ruled out where an Investor could be lucky to have invested in the right coin at the right time, making some good profits and begins to think that, this is how crypto works. But the thing is, that shouldn't be the thinking when you are investing in crypto because it is actually not that easy.

olabiyijummy02

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There is a saying that everyone is a good trader in a bullish market.
That can be likened to people that believe the cryptocurrency will make them touch overnight
This is a wrong approach to investing in cryptos
I understand that when the price of coins are pumping, you can buy and see your money increase within a sheet is, but this are only on a very few cases.

crazy-pilot

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Quote from: Adeope21# on April 14, 2021, 09:48:43 AM

Making it in crypto trading involves a lot persistency and patience because nothing just happened overnight but as a result of patiently planned action. Although many people will say it happens over night nothing knowing the number of trials and efforts in place.

It seems that this is really possible, see how the coins grow during a bull run, in literally two weeks you can make X two without any problems simply by buying the correct coin. Of course, it is better to buy coins when they are at their very bottom, however, it is far from always possible to determine this moment by a poet, the best thing you can do right now is to try to earn as much money as possible while the market allows you to do it.

johnwest

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I think the thread started in the previous bull run and whoever holding crypto from that time till today is already richer than many normal people. Hodlers have more money than anyone right now. No one can assume it or speculate it or even segregate them by country or anything but they collectively are having more money. There are many coins that haven't reached their ATH but still in $$ value they have made a great fortune for believers.

kevindjunaidi

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Cryptocurrency is very popular right now, because cryptocurrency can provide a big profit, but cryptocurrency cannot offer riches overnight, because investing in cryptocurrency also has a risk, so if you choose the wrong cryptocurrency that you want to invest, then you will not get profit and of course you can lose a lot of your money, because the risk of investing in cryptocurrency is very big and of course the profit you can get from investing in cryptocurrency is also very big (worth it).

MishaSER

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Quote from: int03h on April 27, 2021, 11:59:28 AM

The answer is yes. I have seen DOGE increase over 200% overnight, above all DOGE in futures trading. If someone executes a Long x20 to x50 order with a good stop-loss, they can bring in profits up to 10,000%.
During this bull run, many cryptocurrencies have increased in value several dozen times. Looking at Doge, Solana, Serum, Binance this April ... many people have become rich buying these currencies.
We may not get rich overnight, but we can get rich by keeping cryptocurrency overnight. Obviously, the returns on cryptocurrencies are great.

Plus, I can add on the project The Graph, which enriched all alchemists at the early stages of the development of the project. And also Uniswap 1INCH which distributed tokens for several thousand dollars.

soul-impact

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Quote from: DisWhale on July 25, 2018, 09:02:37 PM

Crypto is one of the avenues of getting rich yet it should be understood that it does not happen overnight. Getting rich in crypto requires a lot of dedication, hard work and patience. People do not see the essence of crypto investment because they want to get rich quickly, hence, hurriedly invest in projects that follow the pump and dump trend.
Remember, one key to success is patience.

Yes, no one can get rich overnight even if you are a professional businessman. That probably only happens when you're lucky.?
It is advisable to eliminate the thought of getting rich quickly, instead practice patience and constantly strive to learn. What we need and manage ourselves well and set goals. There is no shortcut to success.

daenarys_stormborn

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Of course all these things can happen in the crypto world, many people have become rich in the crypto world, but you have to get rid of that mindset or you will be disappointed and traumatized in the crypto world, because not everyone is that lucky, success in the crypto world also requires patience and effort

int03h

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The answer is yes. I have seen DOGE increase over 200% overnight, above all DOGE in futures trading. If someone executes a Long x20 to x50 order with a good stop-loss, they can bring in profits up to 10,000%.
During this bull run, many cryptocurrencies have increased in value several dozen times. Looking at Doge, Solana, Serum, Binance this April ... many people have become rich buying these currencies.
We may not get rich overnight, but we can get rich by keeping cryptocurrency overnight. Obviously, the returns on cryptocurrencies are great.

Gheka

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Quote from: viananda2525 on April 27, 2021, 02:47:46 AM

Quote from: tatalin on April 14, 2021, 07:47:49 PM

There is no such thing as getting rich overnight. Some people believe that getting rich is easy. It is not easy and you have to be consistent in doing the things that will help you to get rich. It needs to have a lots of knowledge before jumping in c,ryptocurrency because this kind of investment is very risky and will make your hard-earned money go away in an instant. If you do not know what you are doing.

only miracle could make us rich in a night. this is the most fatal mistake that done by most crypto trader or investors. in finance industry it have big risky that could make loss our money only in second. forex, stock and crypto market were full of risk for unskill investors. and i am agree while we join in this market our knowledge will be our saviour and make us survive or not.

Such a miracle in a positive direction is probably hard to see in this market, most miracles are still absolute overnight failures, quite coincidentally when the market was most active at our sleep phase, some people who did not wake up during that time were wiped out by a large loss. Overnight wealth is just a concept that lacks real and untrustworthy evidence, the fight between too many members together, the risk ratio will be proportional to that, slowly defeating rivals to get rich is possible but defeating at the same time is just a dream.

iTradeChips

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Well it is not really an overnight thing, the reason for that is because those who have invested a long time ago, like 2010 to 2012 are just beginning to enjoy the profits of being able to purchase so many Bitcoins and Altcoins. So the answer is no, it is not a get rich overnight thing. It needs patience and I mean lots of patience. This is an exercise of patience for all of us, and we know that success might be far away, but as long as we have the will to do what needs to be done then we just have to continue working with crypto.

SacriFries11

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Quote from: ZaraCB on April 27, 2021, 10:53:48 AM

If crypto investors got rich overnight, there would be no poor people in the world. Crypto investment is the most risky job. That is not the only profit here. Many richmen can become poor overnight. Success requires knowledge, hard work and perseverance. Crypto industry is no exception.

We can say that richer can be richer overnight. Most of the richer with a lot of experience in trading especially for those traders that have a background in investment in stocks can be gain too much profit if they position very well and if the market goes skyrocket just a few hours. For most of the people, it requires patience and time for people to become rich. It's a process, the more the hard the situation is, the more that you build up yourself. Don't stop learning, it's a series of learning different strategies.

ZaraCB

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If crypto investors got rich overnight, there would be no poor people in the world. Crypto investment is the most risky job. That is not the only profit here. Many richmen can become poor overnight. Success requires knowledge, hard work and perseverance. Crypto industry is no exception.

Hannahanto

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I don't think it is possible to become rich overnight.
Bitcoin or other altcoins are also bought with money here. However, if you buy any crypto to trade with the intend of making profit, your profit might come but it won't make you rich, cause you spend money to make money, the coin you bought was with money so you just don't put that full confidence on getting rich over night. Though in some lucky cases, the coin might just pump over night, maybe x10.
But the fact remains the same, your consistency, hardwork and determination will take you where you want.

leea-1334

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Quote from: viananda2525 on April 27, 2021, 02:47:46 AM

only miracle could make us rich in a night. this is the most fatal mistake that done by most crypto trader or investors. in finance industry it have big risky that could make loss our money only in second. forex, stock and crypto market were full of risk for unskill investors. and i am agree while we join in this market our knowledge will be our saviour and make us survive or not.

Crypto is problematic if people keep thinking only miracles can save them. We all have to wake up and start looking at crypto like an alternative market that is now already approaching mass adoption,,, and regulations recognition.

We cannot simply be asking for overnight riches and flybynight miracles if we also want mainstream adoption:)

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