Topic: Is cryptocurrency making new millionaires every day? (Read 454 times)
I doubt of 'every crypto investor' but yeah comparatively to traditional markets it's bit easy. Also i'd say, in crypto it's more important to retain the gained money than to make it.
I am not sure everyday. But there are people whose lives have changed after investing in cryptocurrencies. It is possible to become a millionaire from cryptocurrencies if you take the right steps and are consistent. Since crypto is a speculation market and is new, traders need to step in with calculated risks.
Today, it is much harder to become a crypto millionaire in this way, but it is not impossible, provided that a good crypto project is chosen at the very beginning of development.
Of course, there are other ways for someone to become a crypto millionaire, but it takes a lot more knowledge and experience, for example through crypto trading.
Of course, there are other ways for someone to become a crypto millionaire, but it takes a lot more knowledge and experience, for example through crypto trading.
I got to know crypto in 2015. Next I continue to learn to trade with crypto. I think what the author said could have been, those with big capital have more opportunities to make millions of dollars, but that's worth the risk.
Indeed the crypto trend continues to grow and change, if we do not want to learn and survive then we will die. Choosing a good project is certainly very difficult, it takes thoroughness, patience and is ready to lose money and time.
In fact, in the beginning, it didn't take much capital to get rich on bitcoin.
All you had to do was trust something completely new and revolutionary, invest some minimal amount of money and then be patient and wait.
Everyone who did this in the first few years of bitcoin development, until 2012 or 2013, and had the patience and discipline not to sell their bitcoin, has already gotten rich without having to do anything or trade.
Now it is much harder to achieve something like that, but it is not impossible, you just need to know how to choose the right project and wait as long as necessary.
I’m in support, crypto currency has made a lot of millionaires despite the economic breakdown and the fight against the covic 19, A lot of persons lost their business and work due to the pandemic and it’s still fighting to recover from it while those who where able to trade online made a lot of profits sitting in their comfort zone without stress, this process tends to teach value of crypto and it’s important to the society at large.
Well, obviously, many crypto people become millionaires already, it's just a matter of knowledge and smart work (smart choice of coin to invest) and etc.
The choice of coin is the top most priority which will determine your networth in the future like i personally believe btc is best suitable for me considering all the factors like security,fees and profits if i look at both the prospective of payment processing decentralised crypto giving freedom of funds and long term financial asset which will give me profits in long run.But the problem with people is they don't tend to understand the crypto market and see it as tool to become rich in short span of time which is why many get attracted towards these fake altcoins which only make big promises and those who don't have knowledge and just want profits blindly get trapped in this circle and face difficulties later on.If you have invested $1000 only in bitcoin 5-6 years back you would have lot of funds now but people want shortcut and crypto market have so many such coins that will make millionaires but there is catch in this and that is only the owners of these shitcoins and whales become millionaire not investors.
Make the right choice with your knowledge and give it some time and you will reach your desired goal but you need to work for that and it will come with time and experience only.
I am not sure about the millionaire status. But you can make a good amount of money depending on how intelligently and how dedicatedly you trade or invest in crypto. I have heard that people have gained a lot with the rise of Bitcoin because they invested in it at the right time. So, you need great timing, learning, and strategy to gain profits in cryptocurrency. Maybe one day, the millionaire status will come true for every crypto investor.
Really your concept is a welcomed development actually, but getting the advantages of rich towards cryptocurrency investment is base on luck and the project of the particular coin, you can invest on a coin and after period of time the coin run out of the market due to bad reputation of the coin, so therefore i will agree with you about timing for the coin that has values already and newly listed coin's are good for investment, so those species of coins are the one that turns an investor to billionaire.
No opa, I remember well the saying: get sick first and have fun later.
So, if this meaning is associated with the cryptocurrency industry then there is no such thing as an overnight multi-millionaire. regardless of the perception, it might be worth considering the risks first before hoping to make a profit.
So, if this meaning is associated with the cryptocurrency industry then there is no such thing as an overnight multi-millionaire. regardless of the perception, it might be worth considering the risks first before hoping to make a profit.
Cryptos has made a lot of persons millionaires today and has also bankrupted a lot of others. In a way, it tests your investing skills and how you manage your funds or income.
In seconds, minutes, hours, days, weeks, months or years as time counts, you can buy or invest in a good coin, hodl and watch it flourish beyond your imagination then boom, your an instant millionaire. Just like that, for choosing a good coin and possibly a good time to invest plus, with the right amount too.
Another way is, one can get into a good trade, your consistency at winning on the trades also could play a role that ends in millions to your portfolio.
As much as these results could be made, so also can you loose for making a bad investment, bad trades and poor monetary management. So, endeavor to study and do it right when you must.
In seconds, minutes, hours, days, weeks, months or years as time counts, you can buy or invest in a good coin, hodl and watch it flourish beyond your imagination then boom, your an instant millionaire. Just like that, for choosing a good coin and possibly a good time to invest plus, with the right amount too.
Another way is, one can get into a good trade, your consistency at winning on the trades also could play a role that ends in millions to your portfolio.
As much as these results could be made, so also can you loose for making a bad investment, bad trades and poor monetary management. So, endeavor to study and do it right when you must.
Maybe one day, the millionaire status will come true for every crypto investor.
Yes, but not from a zero assets/capital, but for those who already have thousands of $$$ portfolio and trying to pursue a million profit/net worth from trading or investing.Well, obviously, many crypto people become millionaires already, it's just a matter of knowledge and smart work (smart choice of coin to invest) and etc.
it doesn't have to be $1000, even $100 you can become a millionaire when you buy a shiba inu coin when it first appears and hold it up to yesterday's ATH price. But the challenge is, are you strong enough to hold it when the price is high in your opinion, even an increase of up to thousands of percent, it's very crazy. The crypto world is a world where people can suddenly become very rich, but also very poor in just a minute. All have risks
I have seen a tweet recently that earlier this year if someone have invested $1000 in Shiba Inu, they would have been a billionaire. Is that true? I have not checked it myself but the way shib raised, I think it's true. I was not able to pick it earlier, nor I did now as I don’t like memecoin much nowadays but it was one single offer in a lifetime 
Yeah, crypto will make you millionaire and sometime the poorest one too.
Yeah, crypto will make you millionaire and sometime the poorest one too. 
I am not sure about the millionaire status. But you can make a good amount of money depending on how intelligently and how dedicatedly you trade or invest in crypto. I have heard that people have gained a lot with the rise of Bitcoin because they invested in it at the right time. So, you need great timing, learning, and strategy to gain profits in cryptocurrency. Maybe one day, the millionaire status will come true for every crypto investor.
I wouldn't say everyday but every year. It's not rocket science though. The number of millionaires are increasing every year because the amount of money in global economy is increasing every year.
Talking particularly about crypto millionaires I think crypto millionaires are increasing every year too because the number of people investing in crypto are increasing every year.
The crypto marketcap is also increasing every year which means more money is flowing into crypto every year making new crypto millionaires every year.
Today, it is much harder to become a crypto millionaire in this way, but it is not impossible, provided that a good crypto project is chosen at the very beginning of development.
Of course, there are other ways for someone to become a crypto millionaire, but it takes a lot more knowledge and experience, for example through crypto trading.
Of course, there are other ways for someone to become a crypto millionaire, but it takes a lot more knowledge and experience, for example through crypto trading.
I got to know crypto in 2015. Next I continue to learn to trade with crypto. I think what the author said could have been, those with big capital have more opportunities to make millions of dollars, but that's worth the risk.
Indeed the crypto trend continues to grow and change, if we do not want to learn and survive then we will die. Choosing a good project is certainly very difficult, it takes thoroughness, patience and is ready to lose money and time.
Hopefully we are be one of those millionaire soon. 🙏
Definitely sure, but you just have to start working towards to be a millionaire, becoming a millionaire through crytocurrency is not just immediately you start Investing in cryptocurrency. More people are becoming millionaire daily just because of what they do consistently.
In fact, many people have become millionaires in the crypto world because they believed in this project from the beginning, got involved early, didn't sell their crypto assets and their faith and patience were rewarded.
Today, it is much harder to become a crypto millionaire in this way, but it is not impossible, provided that a good crypto project is chosen at the very beginning of development.
Of course, there are other ways for someone to become a crypto millionaire, but it takes a lot more knowledge and experience, for example through crypto trading.
Hopefully we are be one of those millionaire soon. 🙏
Definitely sure, but you just have to start working towards to be a millionaire, becoming a millionaire through crytocurrency is not just immediately you start Investing in cryptocurrency. More people are becoming millionaire daily just because of what they do consistently.
I have heard that people have gained a lot with the rise of Bitcoin because they invested in it at the right time.
You fall into to survivor bias (https://en.wikipedia.org/wiki/Survivorship_bias). People is more likely to share their successful story rather than their failure since they don't want to hear negative response. Besides, we'll never know if they actually know they performed proper research or simply "gambling" before invested at right time.
You can't comparing it with gambling, gambling need too much awareness.
Timing and capital help a lot, plus applying a good strategy to grow your investment/trades completely make you more profitable than normal people here. But, we haven't thought that was very easy. No, you can't, especially if you are too emotional and have no deep knowledge about the market.
Rich people can do possibly make more money here. They have a lot of money in the first place and they can afford to put millions as capital for the investment which we could surely think that it gains millions as well.
People outside crypto think that crypto trading is everyone jobs and its very simple thing. But as soon as you enter this market, you find it a wild west.
You don't need to be rich to enter crypto market and make profits. Capital is secondary thing, the primary thing is your mind. Even with small capital you can made huge gains, it all depends on your knowledge and skills about crypto.
Hopefully we are be one of those millionaire soon. 🙏
I am not sure about the millionaire status. But you can make a good amount of money depending on how intelligently and how dedicatedly you trade or invest in crypto. I have heard that people have gained a lot with the rise of Bitcoin because they invested in it at the right time. So, you need great timing, learning, and strategy to gain profits in cryptocurrency. Maybe one day, the millionaire status will come true for every crypto investor.
Timing and capital help a lot, plus applying a good strategy to grow your investment/trades completely make you more profitable than normal people here. But, we haven't thought that was very easy. No, you can't, especially if you are too emotional and have no deep knowledge about the market. Rich people can do possibly make more money here. They have a lot of money in the first place and they can afford to put millions as capital for the investment which we could surely think that it gains millions as well.
No exactly, except that every they are professional traders with big amount of capital so that they can also get big profits. Moreover if they also know the nature and the right strategy for trading, in every kind of market condition.
So, it doesn't mean much. There will be only few people who can really make it. And not everyday will be coming tot his condition.
I personally believe that many people can earn money and get profits from trading and also crypto investment.
But, Exactly, this will only happen in some certain people.
But so far, many people new coming in crypto is based on the hype community, hype projects, and also fake investment. So, many also become poor very easily.
Don't always see something from one side, because there will be always two sides point of views.
So, it doesn't mean much. There will be only few people who can really make it. And not everyday will be coming tot his condition.
I personally believe that many people can earn money and get profits from trading and also crypto investment.
But, Exactly, this will only happen in some certain people.
But so far, many people new coming in crypto is based on the hype community, hype projects, and also fake investment. So, many also become poor very easily.
Don't always see something from one side, because there will be always two sides point of views.
Whales can make a huge profit everyday but may not a million a day. We have investors with huge capital as said above and yes they might get turn over bit more than normal traders with less investment and that too thay are into a day trading. People often make a huge profit when they go for a long term. But yes there are so many here who became a millionaire in crypto by investing huge amount.
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