Does crypto offer riches overnight? - page 9.

JoMarrah Iarim Dan

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Quote from: DisWhale on July 25, 2018, 08:02:37 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 I agree that dedication, hardwork, and patience are important to have a successful career in crypto. We have a lot of things we need to understand so the process of learning never stops. The journey also includes wins and losses so patience is really the key.

"People do not see the essence" ?

I think some sees crypto as a bad thing or unimportant due to it is commonly used in scam. They will be invited to invest promising them that the money will double or triple after a certain period of time but when that time comes, no money will get back to them anymore.

ahmia39

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Quote from: DisWhale on July 25, 2018, 08:02:37 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.

You can get rich in crypto overnight if you also have a huge amount of funds to do trading and scalping however if you do not have any that big amount of funds then getting rich for overnight but you can get rich if you hodl a promising token in a long term basis.

Sometimes you are a little funny when you say that you will be rich in crypto overnight, Grin

you need to know that getting rich overnight is not an easy thing to do in crypto, because people who have large capital are already said to be rich people, so people it has entered the category of rich people even though it is not into crypto. Grin

Davian144

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Quote from: KeezAZA on April 08, 2021, 12:48:10 AM

not really sometimes it's also important not to be greedy and withdraw on time

Yes, but the problem is that some people don't know when is the right time to pull themselves out and get out of greed,
because in essence all humans have a greedy nature within themselves.

nicecrypto

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Quote from: sam53 on July 25, 2018, 08:18:43 PM

Being wealthy after only one night for a trader is not a simple thing. To be successful, they have to lose money many times, even to borrow to get money to continue investing. So nothing succeeds without experiencing difficulties. Patience is a must when investing in cryptocurrency.

I understands that is the Natural way people believe things should work which it should be. You don't expect to come into some Investment without any form or just little knowledge and expect to perform well in it. Investors should learn about everything that is required to fully take advantaged of the market

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Quote from: DisWhale on July 25, 2018, 08:02:37 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.

While that might be true that Cryptocurrencies investors should take their time to understand the project intending to invest in and also the market to understand how it works in other to minimize risk and loss, we still agree that there are exceptions where new investors can get rich over night by luck because they invested in the right coin at the right time. Trust me even as a newbie, I witness this but I am not saying I an a rich person but only if I had the funds to have invested in the coins I invested in back then even without the knowledge looking at the profits I made then. So it is possible but not to be relied on as such.

I hear what you say but this are just one off situations out of total investors however, I believe that they still have to learn the fundamentals of trading to be able to continue to hold that profits.

btc78

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Crypto never offers over night riches But chances are ..

if you are lucky to find a Gem ? then you can be rich overnight or at least for couple of days , But Mind this one ... While the chance is there to become Rich , The opportunity of becoming Poorer is multiple times.

meaning this is a very risky market and overnight speaking ? you can be rich or you can be more poorer.

geegaw

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Quote from: mamesso on April 08, 2021, 01:56:36 AM

Greed will make us lose everything, getting big returns is the main reason someone is to invest all of their money in crypto.
Cryptocurrency can make us rich overnight, but cryptocurrencies can also make us poor due to huge price changes in a short period. When you are in a position that is not what you expected, patience is the key and making sure you have a suitable risk profile and can accept large price fluctuations.

Yes, in some lucky cases there are still huge profits in a short night but this profit still does not bring wealth because most investors in this case are taking on a lucky challenge, put a relatively reasonable amount in a shitcoin or project and hopefully a big thing tomorrow, success or failure also affects only a small part of mood and capital. Obviously even if we are lucky, rich is not easy, at least it takes a long time to accumulate profits and keep money safely, infinite time and patience will take us to the ultimate goal

mamesso

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Greed will make us lose everything, getting big returns is the main reason someone is to invest all of their money in crypto.
Cryptocurrency can make us rich overnight, but cryptocurrencies can also make us poor due to huge price changes in a short period. When you are in a position that is not what you expected, patience is the key and making sure you have a suitable risk profile and can accept large price fluctuations.

ivankoh

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Many people on this space think that it is easy, just determine the right time the pump will work into the dump. Most of the time, as I believe, no one can hope for that miracle. Or think simply, what is easy is easily lost. Crypto isn't like playing a lottery. It all has to be observing, calculating, choosing, planning ... I think everyone will fancy the long term!

KeezAZA

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not really sometimes it's also important not to be greedy and withdraw on time

Luffygroove

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yes exactly, I experienced it by myself. Not rich rich, but I got some fortune that I can't get by being an employee in some company. Back in 2017, I was so lucky to get some valuable tokens/coins that can made me bought a house for my parents. But, it never came in one night. It needs patience and moment. Learn from my experience, I got a lesson that I keep as my principle in engaging with crypto world which is "seize the moment, seize the chance" cause those ATH won't repeat in short time.

menoiazei

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No such thing as overnight riches
hard work and consistency

guydin

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Cryptocurrency is really a way to get rich quick. But this requires a lot of start-up capital to build a good investment portfolio, otherwise you can just waste your money. Well, or collect a small profit.

No need to look for easy ways to get rich, spend time educating yourself. Knowledge will always play into your hands, to understand where you are investing and what you want to get the most basic rule. And thoughtless shopping will not bring you anything but disappointment and resentment.

worldofcoins

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Altcoin trading can truly offer riches over night if you can find the best if not optimal trades.
Most of the Tokens changes in price very quickly because of low volume and thus it’s easy to predict where the price is going.

ringgo96

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If we want a profit in a short time I think this will only give you a loss. palagi asked about the time of 1 day. it's the same as gambling. no trading can yield quickly in a high percentage. However, if you are interested in trading and can analyze market movements. I think you can get consistent profit if we take the average every month. 10-20% every month is a good thing to turn around capital. it is different from investment, where our goal is high returns and usually takes time. as we see today takes 3 new years to see a new ATH

sammy21

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Quote from: JNR on March 02, 2021, 05:16:38 AM

nope, because we need to do a deep analysis to enter the market and choose the right cryptocurrency to invest mate, need to hold for long term
and if we pick a wrong coins we can lose our money in short period time, but not overnight

Yes, but if one chooses the right cryptocurrency, there is also no need to hold on for a long time because the right cryptocurrency always has the potential to increase in the market in the near future even if not overnight.

what is difficult is to have moments like that. anyone can buy any asset. but market conditions will not be predicted with accuracy. what happens mostly is holding assets in the long term. and that's what investors often do to make a profit.

Altcoinsintel

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You should expect first of all to lose it all, because there are riches but losing these riches is faster than making if you can't control yourself and don't have a plan that you will execute without being greedy. You can hope for riches and reach them, but you should know what to do to keep them and not lose them in the abyss that most altcoins will plunge into when the tide changes course.

JNR

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nope, because we need to do a deep analysis to enter the market and choose the right cryptocurrency to invest mate, need to hold for long term
and if we pick a wrong coins we can lose our money in short period time, but not overnight

Mighty_crypt

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Quote from: DisWhale on July 25, 2018, 08:02:37 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.

You need to be hardworking and also have patience but there are many who are like you described but still never get rich, what you failed to include here is LUCK, I will give you an example, Ive hold many tokens that turned dead while holding them and I'm here thinking patience is the way, there are also some coins that I sold for low money that turned very big later, crypto is daze and craze at times mate

shoreno

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Quote from: MUHAMMAD NUR AMANAH on March 02, 2021, 02:42:48 AM

To be rich overnight in the crypto world I think it would take great patience

patience is when you wait for a longer time but if you only want is to get rich overnight then you wont be needing a patience but its the fund rather that you will be needing , a verry large fund that are close to millions so that when you profit your money will be millions after that but if you dont have that kind of cash and you still have an ambition to get rich then no choice but learn to build a good patience . most of us are now rich because of patience and of course with the help of our verry own cryptocurrencies .

MUHAMMAD NUR AMANAH

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To be rich overnight in the crypto world I think it would take great patience to see the upheaval in the crypto market requires sacrifice of either a monetary thought of time and a lengthy process in the crypto world and we would need to invest in it It was not without reason, of course, to see the crypto market skyrocketing more and more, no doubt many who wanted to make a fortune overnight

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