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Topic: stick to the same option or switch to another option? - page 4. (Read 811 times)

full member
Activity: 952
Merit: 107
If you want to become a millionaire with crypto you better get yourself a time machine or find a worm hole somewhere, travel back to 2009 and start mining bitcoin. There are no miracles, this is the first thing everyone needs to understand.
No easy way of getting rich but still it helps a lot. Not being greedy and have a smooth study about the market movement. The bearish market thought that not all the time you can get profit but still trust the coin you invest with. Beware and avoid those who offers good amount because that might a bait and just a scheme of fraud.
full member
Activity: 630
Merit: 100
This is a way of thinking that must be justified. Cryptocurrency is indeed profitable, but this is not a game or gambling. If you want to get the maximum profit, you have to do it with in-depth analysis, choosing the right niche, the right timing, so you can get the maximum profit. If someone offers you to send some funds and will multiply in a matter of days, of course, you have to be careful, it could be a fraud.
hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
Most newbies think that way. Just because a lot of people had earned decent amount of money last bull market, it doesn't mean that the market will stay that way. The market is complicated and it is difficult to speculate. The reason why newbies who jad invested their money on crypto and had lost it due to FOMO stays away from crypto. All investment requires risk, and no investment would guarantee you a great return.

Yes indeed, there are a lot of new investors, who are in the same opinion and more than your opinion from the last bull run most people earned multiple money and they think it never will happen again. But in my opinion and of course, as you above mentioned, l would like to emphasize that such things must not be ignored that it is difficult to talk about it, on the other hand, l believe the market will not stay, it will change.
sr. member
Activity: 1778
Merit: 309
Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.

but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.
I had the same thought when I first learned about crypto, and I realized it when I suffered a loss. I think that kind of thinking is really wrong and it's a natural thing for many newbies to think like that.
crypto is not ponzi I'm sure of that
We can't blame others because that is most likely people's impression about crypto and even us but our mind is already enlighten and we know that we are totally wrong. We suffered losses that are because that is the fact about crypto and it actually we have to experience that for the sense that it helps us to educate our self and to know that we did something wrong.

If we are an open-minded person, we might be able to accept the market challenged and not easily bored or shows depression for the reason that we just lose in one or two. Stick to the thing that what we believe is true and crypto means nothing but a profitable engagement. 
full member
Activity: 470
Merit: 102
Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.

but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.
I had the same thought when I first learned about crypto, and I realized it when I suffered a loss. I think that kind of thinking is really wrong and it's a natural thing for many newbies to think like that.
crypto is not ponzi I'm sure of that
sr. member
Activity: 1442
Merit: 265
There have been some lucky chaps who entered crypto market just before the last parabolic run and took profit near peak and these kind of people were also there before earlier bull seasons, so yes their have been many life changing success stories and quick rich success stories in crypto market but overall i would say that if crypto is highly profitableit can also result in huge loss. The simple formulafor success in this market is to try to pick couple of top coins from the dip and hodl for long and take profit when you think that price has reached the peak and then repeat it again.
full member
Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
Those who are yet to understand how the crypto space works are the ones who will think it is a get rich quick scheme, and most times they are always disappointed and also, they are always the ones to say unwarranted things about this space. The issue is, for example, if trading isn't working for you, try holding; if that isn't working as well as try IEOs but in each cases bear in mind that there are underlying risks. Furthermore, I think sticking to one option isn't good, it's better to explore more with the right knowledge.
legendary
Activity: 1568
Merit: 1002
Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.

but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.

i don't know what points you mean, but when it comes to options for getting rich then there will be many options available but one thing you have to understand is that there are no options for getting rich quickly or even just overnight. alright, you still believe that option but i'm not sure that option is a legal option, because to get rich it takes a long time and struggle
full member
Activity: 728
Merit: 131
All new comers are thinking the same way that cryptocurrency is the best access to be a rich in just a short time.
Well Crypto is not that lucky go lucky, we are here with brain and knowledge to use, if you want to be rich then you need to be smart!
member
Activity: 840
Merit: 17
PG-PAY Gold Backed Token
Lots of people think crypto is new way to become millionaire overnight. But this is not true if you see how market is behaving. Golden old days are already gone where you get lots of legit free tokens or coins for free which inturn gave good money.
jr. member
Activity: 1050
Merit: 1
Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.

but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.
I really love the concluding part of your writeup. It clearly states the whole situation of this current market. It is all about survival first. Stay alive by all means, either through the old strategy or another. Profit will definitely come but will never be overnight.
hero member
Activity: 1274
Merit: 519
Coindragon.com 30% Cash Back
Most newbies think that way. Just because a lot of people had earned decent amount of money last bull market, it doesn't mean that the market will stay that way. The market is complicated and it is difficult to speculate. The reason why newbies who jad invested their money on crypto and had lost it due to FOMO stays away from crypto. All investment requires risk, and no investment would guarantee you a great return.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
Most of the people that have made money through crypto got that money through long to mid-term holding or long to mid-term trading for large movements, not from some magical pump that comes from nowhere. People get burned from treating cryptocurrency as something you can milk money out of quickly, and it's pretty apparent even just from the dump we had several days ago. That's not to say that people who trade shorter timeframes or hold for shorter periods of time can't make money, but it's certainly more simple and often times more successful to be playing for longer timeframes with crypto.
sr. member
Activity: 910
Merit: 254
Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.

but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.

Well you can't generalize the trading strategy for everyone. Everyone invest according to his own wisdom. If someone thinks he can make quick profits through day-trading or arbitrage then what's wrong with that.
Same goes with options too. Some investors love to stick with limited choices and invest in such coins for long term while some investors love to explore and switch between coins to earn margin. We can't say which strategy is good or bad, as far as one is making profits, such strategy is fine.
jr. member
Activity: 71
Merit: 1
crypto is not a scheme to get rich like they imagined, I think crypto is a profitable investment in the last decade. especially with bitcoin which experienced the highest price increase in 2017. from there many newcomers thought that crypto investment could become rich overnight.
member
Activity: 434
Merit: 10
www.thegeomadao.com
One should not think cryptocurrency is a means of becoming riches quick. It may be possible in the past wherein even shitcoins got high price. But nowadays, investors and traders are very much aware about crypto market, and they want to play on a safe side so as to avoid losses. So one should wait for long to get profit from the market.
copper member
Activity: 280
Merit: 1
CINEMADROM ⥋ BLOCKCHAIN FILM PLATFORM
There are some ways when you can get rich by a lucky investment, but those times have passed. There will be another opportunity when green market will return, but for now, do not be greedy and wait patiently for outcomes.
member
Activity: 602
Merit: 10
Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.

but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.

People sell altcoin when prices go up because many people think altcoin is a speculative investment. This is different from bitcoin which is the main currency in the cryptocurrency market, when bitcoin prices are hard to start rising, investors tend to buy and hold it
hero member
Activity: 3010
Merit: 629
Crypto is not ponzi scheme, its just that some people are thinking its similar because they want to earn easy money and have high return in a short period of time.

About sticking with the option or not, well it depends on you. But its better to choose the one thats best for your investment or the one that can give you best result once you chose it. With the market condition those who can bear this situation and can find a way to overcome it will likely to gain profit after bearish trend.
hero member
Activity: 2632
Merit: 833
Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

When people started to be greedy, common sense is thrown out of the window.

This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.

but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.

It boils down on the bull run in 2017, people think that the price would go on a parabolic rise, and totally forget that the market work in cycles. That's why most quit their job focus on making easy money. So we also need to look at the future landscape and adjust as well.
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