Topic: Is Crypto A Way To become Rich / Millionaire ? - page 12. (Read 15804 times)

yep! that's right.
i also think like you, crypto is only to make transactions easier, not to overcome poverty. indeed for some crypto people it can be used to overcome poverty by investing.

but this only applies to a few people and only to people who really know a lot of crypto.

I think that Satoshi Nakamoto, created bitcoin, so as not to allow governments or third parties such as banks to have control and that people own their own economies, as it should be from the beginning, and not depend on it. Third, manage how much money you can or can not withdraw and what permissions you must have to manage the money that belongs to each person.

There are many people who enter the market thinking that they will become millionaires, and maybe if, if they make the relevant investments, or maybe they make the trading movements that are appropriate with the exact operations.

When done in the right way, it is very likely to become rich, but when you have the right knowledge, and transactions are made that are due, otherwise, in trading or investments that have to do with the market , you can not leave loose ends, or try to leave everything to chance, or simply gambling because the losses are usually very large, and the ability to recover large losses in the market is very difficult, of course, there is a slight possibility note that the speculative market of bitcoin and altcoins is usually handled with a lot of volatility, and that volatility accompanied by good luck may result in very successful results.

That's why I think the market should be seen as a business, where you do not think about getting rich overnight, but with each operation, even if it's not so big, but that makes a difference every day with progress.

Sorry before, in my opinion your question is quite funny and inappropriate.
Of course satoshi creates bitcoin not to overcome the problem of poverty or make someone become rich through the bitcoin.
The creation of blockchain technology was initiated to overcome the shortcomings in the payment transaction and financial systems that have existed so far, and this is decentralized.

Satoshi created Bitcoin for financial transaction problem, to add independent transaction minor chance to slove poverty problems. Cryptocurrency has some way to millionaire/Rich so there is no all way to get rich, you should be a very long time investment to get Rich.

For very early investors 100% i mean now they are rich or very rich but don't think when someone has bought btc in 2010 or 2011 could even imagine becoming millionaire after years so maybe now you buy some alts which would be x100 or more after year and it makes you rich.

As everyone knows, Bitcoin has a philosophy of existence far beyond the material interests of person. Of course, those who believe that Bitcoin will be valued may be very rich because of the price rise. At this point, what I'm going to say about my personel idea is that while investing in Bitcoin and crypto I support them and I may be provide a better life for my family by making a small fortune during to the growth of cyrpto market.

I think you should go back and read the whitepaper of Bitcoin. Why will you even think Satoshi created Bitcoin to solve poverty issues?? Bitcoin is meant to be a payment system that eliminates third parties involvement in the transaction of goods and services. Bitcoin was created to provide financial freedom to everybody within any part of the world.

This is a wrong mentality to join cryptocurrency with because it will be grossly disappointed. Crypto market is one of the most volatile market and one not easily predicted. I suggest you read more on crypto before getting your hopes up high

It seems to me that it all depends on the situation.  Sometimes you can get to a good market and make money quickly, sometimes patience is both experience and long in the market but nothing can be earned.

Of course, it is perfectly accurate that the crypto market brings the biggest profit because the increase of Altcoins is very fast if the market becomes good. It explains why more and more people are investing in Bitcoin and Altcoins.

Crypto is never a get rich quick stuff. It requires a lot of patience, time and hardwork. Whoever is looking to get rich quick with crypto should think again, unless it's through illegal means.

Yeah, lot of people have been able to make millions through cryptocurrency, it is quite important to know that they didn't become millionaire over night. It takes time and patience to become professional in the industry.

Of course cryptocurrency can make you rich , but you need to properly use the risks and properly manage the money

yeah, in my opinion. crypto can make you a millionaire, but it is not overnight. you will have to learn how the system works, by then you will become a pro at its. The only way to earn from a craft is to master the craft first, by then your potential to earn increases. a lot of people dabble about learning and end up getting frustrated. consistency and persistence is the only way to go around it.

Of course, developers and organizers of various blockchain platforms or projects are not poor people. Those who managed to buy cryptocurrency before 2017 also received a very good benefit. But there were a large number of people who could not achieve a good monetary profit from the cryptocurrency. For someone, the cryptocurrency has become a good tool for enrichment , and for someone it has become a cause of poverty.

Cryptocurrency is considered as a fast way to become a rich for most people. Many people are also considering cryptocurrencies as a fraud scheme. And only few people are really interested in technological aspect of cryptocurrencies.

I think so, crypto is the fastest way to get rich, the most important thing is to take risks, if you have $ 50k in cash and dare to buy altcoins (like Binance, Huobi, Tezos and moore), if you are lucky then your money will be $ 500k in a month or less.

The main aim of crypto currency is to solve financial issues.   But at the same time crypto  can still give one good profit if you play by the rule. But in an attempt when one see it as a get rich scheme he can loose all his money in the process

More people when they entered to the crypto they think first how they become millionaire or rich person which probably not good for you. First you need to learn first because if your knowledge is incomplete you will not know how to become rich. But most of us are not rich we earn money or crypto help to our financial problems daily to buy needs everyday and expenses everymonth. Rich depends to your hardwork and etc.

I think so, the potential for crypto increases is very large and can reach up to thousands of percent, this is what makes me make crypto the fastest rich investment compared to other investments such as stocks, gold or so on.