Topic: How to get fast rich in crypto world? - page 50. (Read 18719 times)
The best method is chosing a promising coin and leave it alone, years later, you will find you are rich.
Trouble is there are all the stories of crazy returns.... millionaires etc I guess it's just like gamblers you only hear the wins never the losses and the house always wins!
I think you can not get in to crypto world just to get fast rich. It takes time and resarch. I think it is not good to think just about quick cash bescause you will fast lose you money with that behaviour.
OP is on-point on get rich schemes, most of them are scams and should be avoided. Whether you get paid in crypto or fiat, there is only one formula in getting rich, that is to work hard and smart. Never fall to ponzi's or anything that promises getting rich quick.
I agree on that, yet there are people hoping to get rich fast, this might be possible for the one or the other, but the message is it just keeps a high risk. The working hard and long term aiming is just the saver way IMHO.
I actually agree with what OP had said about getting rich fast in the cryptoworld. And also to add something to what he said, spend less save more too because some may go for long term investment but I'm sure some are also tempted to get at least a portion of the amount they profited from holding on to bitcoin especially when bitcoins price skyrocketed.
Thank you! There is no doubt that the one or other got rich fast in crypto, but many did no and aiming for getting rich fast usually corrupts the character of a person. The greed by long term investment is so much smaller and there is much less risk to fall in the hype that drives the most of us.
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!
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.
*************************************************************************************************************************************************
- 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!
*************************************************************************************************************************************************
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!
Is this really a question? If this is difficult for you than maybe you're in the wrong place. You buy low and sell High, it is a commodity Market you do the same as any other commodity Market. Find something that has a low price by it wait for the price to go up and then sell it.
If you think about getting rich fast with bitcoin then you probably will only lose money quickly, unless you are a genius or lottery luck.
Patience and perseverance are keys to success in the crypto world
Because keeping in your mind rich instantly and quickly that might get you to loss a lot of profit cause it may take you out of focus because for what you anat to have then suddenly it can may push for you to take that big amount to trade because you know that you can have a lot of it but dont think some negative scenario so for me enjoy ahat can you have and be here in crypto trading. Patience and perseverance are keys to success in the crypto world
Its very simple to get rich here.
1- Split your budget to 10
2- Buy Bitcoin or any other valueable alt coin. with your 1/10 budget
3- If price falls buy again with same amount.
4- Repeat this until you fund all your money to crypto currencies.
5- Wait around 1-3 years and boom you are rich
1- Split your budget to 10
2- Buy Bitcoin or any other valueable alt coin. with your 1/10 budget
3- If price falls buy again with same amount.
4- Repeat this until you fund all your money to crypto currencies.
5- Wait around 1-3 years and boom you are rich
I think it is quite difficult to select the 10 best coins.
There are enough threads in this forum that point out to good projects =)
Choose your projects by the market they target and how much money they'll be able to draw in. Everything else is just air. Forget new currencies, governments will try all they can to get rid of them and they won't reach mass adoption in your lifetime (unless you want your grand-children to become rich)
OP is on-point on get rich schemes, most of them are scams and should be avoided. Whether you get paid in crypto or fiat, there is only one formula in getting rich, that is to work hard and smart. Never fall to ponzi's or anything that promises getting rich quick.
If you think about getting rich fast with bitcoin then you probably will only lose money quickly, unless you are a genius or lottery luck.
Patience and perseverance are keys to success in the crypto world
Patience and perseverance are keys to success in the crypto world
Its very simple to get rich here.
1- Split your budget to 10
2- Buy Bitcoin or any other valueable alt coin. with your 1/10 budget
3- If price falls buy again with same amount.
4- Repeat this until you fund all your money to crypto currencies.
5- Wait around 1-3 years and boom you are rich
1- Split your budget to 10
2- Buy Bitcoin or any other valueable alt coin. with your 1/10 budget
3- If price falls buy again with same amount.
4- Repeat this until you fund all your money to crypto currencies.
5- Wait around 1-3 years and boom you are rich
I think it is quite difficult to select the 10 best coins.
You can issue an ico , tell a very interesting project , people will rush into your ico , you'll be rich very soon .
If you don't have the skill to issue an ico , then you can invest in some potential project , you will also be rich soon.
If you don't have the skill to issue an ico , then you can invest in some potential project , you will also be rich soon.
"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!" Quoting above what the op said. Am moved by that word.
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 . learning Technical analysis and patience is important in trading
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 . learning Technical analysis and patience is important in trading
I actually agree with what OP had said about getting rich fast in the cryptoworld. And also to add something to what he said, spend less save more too because some may go for long term investment but I'm sure some are also tempted to get at least a portion of the amount they profited from holding on to bitcoin especially when bitcoins price skyrocketed.
Its very simple to get rich here.
1- Split your budget to 10
2- Buy Bitcoin or any other valueable alt coin. with your 1/10 budget
3- If price falls buy again with same amount.
4- Repeat this until you fund all your money to crypto currencies.
5- Wait around 1-3 years and boom you are rich
1- Split your budget to 10
2- Buy Bitcoin or any other valueable alt coin. with your 1/10 budget
3- If price falls buy again with same amount.
4- Repeat this until you fund all your money to crypto currencies.
5- Wait around 1-3 years and boom you are rich
no one can get rich fast in crypto world, someone seems to be just because they have been in this world for years and get cheap coins, and then they gain great profits when the market rise up, newbie may make money first, but they can hardly escape when the crash happens
Yes those who are living in this trading from last few years they can make a good profit using crypto trading. Predicting which coin is going down and growing up is the toughest job in trading. Except for experts, the normal traders cannot predict this. When we will realise means when the price starts to dump or pump we will get to know ho it is going down now or price is going to raise. Based on this knowledge many people are trading.
Follow your instinct, anticipate, dont be a sheep or u'll be always a step way from money.
the simple move, the more accurate.
TBH, if i had a huge bankroll, i would just put all in on btc and neo and wait for 3 years.
But i have to trade to make a decent bankroll, check all the projects you might appreciate, cheap coins preferably, hold it for 3 monthes, learn how they evolves (information war bro, twitter, telegraph, slack), each coins have a different story, learn it and you might be able to feel what will happens next. Bet on it.
bye
the simple move, the more accurate.
TBH, if i had a huge bankroll, i would just put all in on btc and neo and wait for 3 years.
But i have to trade to make a decent bankroll, check all the projects you might appreciate, cheap coins preferably, hold it for 3 monthes, learn how they evolves (information war bro, twitter, telegraph, slack), each coins have a different story, learn it and you might be able to feel what will happens next. Bet on it.
bye
If its too good to be true, it probably is. That is my motto when it comes to investing. Anything promising getting rich quickly, is usually a possible scam. Especially here in cryptoland we need to exercise due diligence way more than ordinary folk. This space is high risk.
Investing atleast 30% on a coin and monopolizing on market seems to make it possible for you to get rich quickly from cryptocurrency. And of course, the answer is no huge money available to do it, so the wise way is to utilize potential of yourself that you can use to nearly rich from bitcoin. Hope this helps.
no one can get rich fast in crypto world, someone seems to be just because they have been in this world for years and get cheap coins, and then they gain great profits when the market rise up, newbie may make money first, but they can hardly escape when the crash happens
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