Topic: How to get fast rich in crypto world? - page 31. (Read 18719 times)

Do some trading if you have decent amount of BTC it will give you x10 or more per month if you done it right.

I would like to say a word or two about getting rich fast:


Im since more than 20 years in business and over this time I passed many ups and downs in various branches. It does not mater in which branch you try to make a profit, but you need to be aware of that get rich fast schemes are mostly scam or will bring a very bitter taste at the end with it.

Do not let yourself be fooled about something to be FREE or promising you will earn in no time xxx of money. This is most likely not going to happen! And Even if it does in the one or other case, I saw some people getting rich fast and ending up with big depth, because none of them had experience with the problems coming up with getting rich quick and what it actually means to make a lot of money in short time and how it will influence the life as you knew it.


I can tell that the average person that got "rich" needed at least 2 - 5 years to become it and it allays was hard work not playing lotto and hope for the win.


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- If you have you own crypto project or planning to make one, do not let yourself and others be fooled to get rich fast!

- If you invest in an ico, do not be driven by greed, see it as a business opportunity that could bring you a nice profit over time (if no scam ofc )

- If you trade BTC or alt coins, do not join pump and dump coins, too many traders lost enough money by doing so. Not that it is not possible to make fast money, but the greed will drive you so far that you will loose your objective, analytic thinking and will let you take bigger and bigger risks!

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What ever you do, aiming for the steady long term profit is most of the time the harder and longer way, but it will be less painful!

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Here is a thread that might be an interested read about alt coin trading! https://bitcointalksearch.org/topic/how-to-start-trading-alt-coins-beginner-tips-2154746



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Always skeptical with the word "getting rich fast in the cryptocurrency space"
Patience is a virtue in this space,but within 6 month you can become a millonaire with adequate knowledge

Investment on purchasing the miners will high cost you will get the more returns as like the investment higher than you invested GPU or Cloud.
Why L3+ is not suggestable to newbies bro! If it is connected with the nice hash miner it is very normal to get the income more as bitcoin once the value pushes to the wallet after the bitcoin mined as set value.
I have tought like stupid because comparing bitcoin mining with trading. Everyone use to compare the trading with the gambling only.

Greed is the sole fall of every trader. Sometimes it helps us some other times it breaks us into pieces. Thanks for the advice. Doing our due diligence to study will help us and also being persistent will keep us in the game for long and also as profitable as ever.

Todays profitability of ASICs are rather poor, while the price of the equipment really high. Look at L3+, D3 antminers how perform now. It's not very wisely to tell newbies how good mining is. You have to take risk, in some aspects similar like in trading.

Work on different ways, Learn how the best strategies in trading. Hold you coin as much as possible and also try to build a mining rig so you can earn more bitcoins passive and the only problem you will get is your electric consumption.

Most of investors joined the cryptocurrency market want to make money fastest from this field, it made the speculators concentrate a lot here. So, not hard to see the FOMO and panic seller in this market. It always happens when the price of Bitcoin or other cryptocurrencies price fluctuates sharply.