What’s the fastest way to grow wealth in our present world of digital currency? - page 2.

Cling18

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Quote from: cryptoaddictchie on October 28, 2021, 05:12:37 AM

No need to mentioned I guess. Many users even here knows that. I'm sure plenty of traders whom bought a lot of crypto during bear market already ripping all the profits now. But it doesn't mean they already out, possibly they still holding some bags for a possible mega bull run that would occur this year. Who knows, since market sentiment is quite good. It's not abot nft but also defi hitting up the market so smooth. A lot of new projects with a great platform came in and join ng those old ones seems pretty bullish for all crypto users.

Yes, lots of traders and investors have learned from their past experiences and I believe that most of us know how to take advantage of every market situation. Good coins especially Bitcoin are worth buying and holding until the good time to sell comes and that I think is the best way to grow our wealth during this digital era.

LogitechMouse

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Quote from: Heromember09 on October 28, 2021, 02:55:37 AM

Altcoins and NFTs, without a shred of doubt.

We have entered the age of digital transformation and the digital economy.
Boomers were able to get rich by simply buying a house in the 80s and sprinkling their savings across low risk stocks, which netted them a 45x.

Now, crypto was the chance for us get rich with a 100x in Bitcoin since 2015 at $500, another 100x for those who invested last year and probably another 50x for those who invested this month.
Everything is digital now.

Don’t get left behind.

Well if we will just consider the quickness of growing wealth, NFT and altcoins are probably the fastest ones in the crypto world that can give you wealth.

On the other hand though, lets not forget that they are the fastest ones too to lose your money. We've seen numerous altcoin projects that ended up as a scam and the same as NFT's. Just a few days ago we saw Squid Game Token ended up as a rugpull. Many of these will be done in the future

.

Overall, investing in Altcoins and NFT's are a good investment. Just always do your research always and only invest what you can afford to lose.

Rahman11

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While some early investors have made a lot of money investing in Bitcoin and other forms of cryptocurrency, it's still a risky investment. ... However, it's best to avoid going into it under the assumption that it will make you a millionaire.

adzino

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Quote from: Heromember09 on October 28, 2021, 02:55:37 AM

Altcoins and NFTs, without a shred of doubt.

We have entered the age of digital transformation and the digital economy.
Boomers were able to get rich by simply buying a house in the 80s and sprinkling their savings across low risk stocks, which netted them a 45x.

Now, crypto was the chance for us get rich with a 100x in Bitcoin since 2015 at $500, another 100x for those who invested last year and probably another 50x for those who invested this month.
Everything is digital now.

Don’t get left behind.

Sure, NFTs and Altcoins right now are the fastest way to grow wealth, but also the fastest way to lose everything. Most of the altcoins that will make you rich overnight are the "shitcoins" that gets pumped and dumped. If you don't exit at the right time, you will be losing everything. Not sure about NFTs. Do you think they will have the same value once the hype or trend is over? Best way to grow your wealth is to invest in bitcoin and hold them for long term. Risk is low and you will be making some nice profit over time.

Findingnemo

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Bitcoin = Financial freedom

Quote from: traderethereum on November 06, 2021, 06:16:12 AM

Quote from: galambo on November 06, 2021, 03:17:49 AM

Quote from: Findingnemo on October 28, 2021, 05:38:40 AM

Caution: cryptocurrency is not a quick rich scheme

People who thought that they can double their money in the next few months took loans and invested on cryptocurrency but what happened they lost the cryptocurrency value and also their life so never assume that its an investment unless you are ready to lose the capital completely.

No matter how many times we say or write this thing, people won't understand that. Crypto is seen by many people as a scheme to get rich overnight, just like OP is asking. IMO the only way to get rich ( not necessarily quick) is HODL i.e. you take your positions and then wait for target price to be reached. Hodling is ignored and not liked since it takes time.

What you say is right, especially in this year as from the first month, people see many of them are making a profit from crypto and that attract the others to invest their money in crypto just to expect they will make big money in the short term.
If they know the process, I doubt they will survive in crypto and make money from crypto.
They need to change their mindset that nothing will give a quick result because everything will have a process before achieving what we want.
Sometimes we fail in the middle of our journey, but we can succeed someday if we do not give up.

Making money is not always meant to be we're rich, we can call someone as rich only when they are making money consistently so its a long process as you said so no one should think that they doubled their altcoin investment once in a short time can't expect to be happen like that in the every occasion.

traderethereum

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Quote from: galambo on November 06, 2021, 03:17:49 AM

Quote from: Findingnemo on October 28, 2021, 05:38:40 AM

Caution: cryptocurrency is not a quick rich scheme

People who thought that they can double their money in the next few months took loans and invested on cryptocurrency but what happened they lost the cryptocurrency value and also their life so never assume that its an investment unless you are ready to lose the capital completely.

No matter how many times we say or write this thing, people won't understand that. Crypto is seen by many people as a scheme to get rich overnight, just like OP is asking. IMO the only way to get rich ( not necessarily quick) is HODL i.e. you take your positions and then wait for target price to be reached. Hodling is ignored and not liked since it takes time.

What you say is right, especially in this year as from the first month, people see many of them are making a profit from crypto and that attract the others to invest their money in crypto just to expect they will make big money in the short term.
If they know the process, I doubt they will survive in crypto and make money from crypto.
They need to change their mindset that nothing will give a quick result because everything will have a process before achieving what we want.
Sometimes we fail in the middle of our journey, but we can succeed someday if we do not give up.

galambo

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Quote from: Findingnemo on October 28, 2021, 05:38:40 AM

Caution: cryptocurrency is not a quick rich scheme

People who thought that they can double their money in the next few months took loans and invested on cryptocurrency but what happened they lost the cryptocurrency value and also their life so never assume that its an investment unless you are ready to lose the capital completely.

No matter how many times we say or write this thing, people won't understand that. Crypto is seen by many people as a scheme to get rich overnight, just like OP is asking. IMO the only way to get rich ( not necessarily quick) is HODL i.e. you take your positions and then wait for target price to be reached. Hodling is ignored and not liked since it takes time.

Teknisi88

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Quote from: cliber on October 28, 2021, 07:55:59 AM

Invest one to make it happen in cryptocurrency activities. What is interesting in Crypto is that it is not easy to predict what will happen to the market. For those who bought coins last year, I think they would have been rich this month if they chose to sell at a time when the market price of the coins increased.

Yes I agree with you.
One of the advantages of Cryptocurrencies is the enormous potential for increasing the value of the currency. This will certainly provide benefits for the owner of this currency. Some people who had bought bitcoins when the price was still low, have now suddenly become rich by selling their bitcoins when the exchange rate soared.
This potential price increase is what often makes people tempted to invest in Cryptocurrencies.

Rufsilf

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Quote from: cryptoaddictchie on October 28, 2021, 05:12:37 AM

No need to mentioned I guess. Many users even here knows that. I'm sure plenty of traders whom bought a lot of crypto during bear market already ripping all the profits now. But it doesn't mean they already out, possibly they still holding some bags for a possible mega bull run that would occur this year. Who knows, since market sentiment is quite good. It's not abot nft but also defi hitting up the market so smooth. A lot of new projects with a great platform came in and join ng those old one seems pretty bullish for all crypto users.

Yes, they are already ripping the fruits that they obtained in the last bear market and the others might still hodl it for another year.
But is it really possible that there will be a massive bull run before the end of 4th quarter? Because I think it's a bear market will appear before the end of 2021.
But if it's gonna happen then that's a good news for the crypto hodlers and investors, since hodling is the safest investment with a low-to-medium risk and 2021 is a good year for bitcoin and other cryptos, might be much greater if 2021 will end with a huge bang. Anyways, we'll see because it is already 2months left this year.

el kaka22

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I believe that saving accounts in crypto form is the greatest thing that anyone could ever do. Doesn't really matter how much you earn or how much you can save since in crypto things could go up a lot more than what they could in fiat world. So, if you could put 50 bucks a month into crypto, and do that for 30 years, you will retire a very wealthy person.

The problem however in crypto is that people are after profiting in under a year. They aim at making a profit in less than a year and that is not something I believe they could do. In that case if you are failing to do it that much then you should maybe focus on much much more long term? That usually yields a lot more profit. Because people are looking to get rich in less than a year, they end up risking more and more in order to earn more, which results with a lot more loss. So instead of becoming wealthy in 30 years, people end up being poor in under a year.

Dewi Aries

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There are a lot of ways of now and people can choose whatever strategy to made them rich in their own way. If in past maybe in trading activity there are mostly people do spot or margin trading, now we can choose any type of trading, kind of investment, etc. As long we know there are a risk behind it and we must know strategy to minimize that risk. With that, we can be successful in crypto world.

mindrust

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Memecoins are big lately.

Altcoins is a bit too generalized term. There are many boring shitcoins like litecoin which stopped growing ages ago.

Doge is pretty boring too lately but shibainu made a killing.

If you can find the next big meme coin, you'll make a fortune. Just have Elon on follow and don't miss a tweet from him. Elon guide us

Natalim

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Quote from: dupee419 on November 05, 2021, 01:36:09 PM

Almost everyone who gained profit from Bitcoin definitely will advice the youngsters to invest as early as now, and as a person whom also gained profit from my time of investing, I strongly agree, I agree that this is the fastest way to actually grow your wealth, investing in such projects right now like NFT and DeFi will give you a short-term gain, since we all know that NFT may not last long and considered as a hype, so it's best to invest on it while the hype is still there.

There is still good profits when you come to invest in those hyped tokens but make sure you know when to make the best exit so you won't be losing in the end instead of gaining profits. That is more risky i guess. I still think the best way to make huge profits is to buy bitcoin when its cheap and hold it as long as you want. You will be surprised that its value has reached its new ATH one of these days, and maybe time to sell some of them. But knowing bitcoin, it will grow more, so maybe continue holding some of your bitcoin for a better future profits.

dupee419

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Almost everyone who gained profit from Bitcoin definitely will advice the youngsters to invest as early as now, and as a person whom also gained profit from my time of investing, I strongly agree, I agree that this is the fastest way to actually grow your wealth, investing in such projects right now like NFT and DeFi will give you a short-term gain, since we all know that NFT may not last long and considered as a hype, so it's best to invest on it while the hype is still there.

BIT-BENDER

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Quote from: Heromember09 on October 28, 2021, 02:55:37 AM

Altcoins and NFTs, without a shred of doubt.

We have entered the age of digital transformation and the digital economy.
Boomers were able to get rich by simply buying a house in the 80s and sprinkling their savings across low risk stocks, which netted them a 45x.

Now, crypto was the chance for us get rich with a 100x in Bitcoin since 2015 at $500, another 100x for those who invested last year and probably another 50x for those who invested this month.
Everything is digital now.

Don’t get left behind.

Crypto-currency is exciting and lucrative, perhaps the reason it's getting investors, but I have read about more billionaires from stocks, shares and real estate than crypto-currency, I would back crypto-currency any day, but as the future and not investors puppet, I don't want crypto-currency to be like real estate one day where it's only affordable by celebrities, wealth owners.

Teknisi88

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Quote from: Heromember09 on October 28, 2021, 02:55:37 AM

Altcoins and NFTs, without a shred of doubt.

We have entered the age of digital transformation and the digital economy.
Boomers were able to get rich by simply buying a house in the 80s and sprinkling their savings across low risk stocks, which netted them a 45x.

Now, crypto was the chance for us get rich with a 100x in Bitcoin since 2015 at $500, another 100x for those who invested last year and probably another 50x for those who invested this month.
Everything is digital now.

Don’t get left behind.

Yes I agree.
The presence of crypto currency is still reaping pros and cons because it is considered speculative. However, the fact that Crypto investment investment can provide some young people to become billionaire.
Since the emergence of Bitcoin, one of the types of digital currencies in 2009, many horrendous spicy dreaming. Starting from an increase in rapid value to the commotion that arises to discuss the issue of legality in a country.

jaberwock

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Quote from: bamb on November 05, 2021, 11:43:17 AM

Bitcoin has hit the mainstream and we may not see those 50, 100 times we have seen in the past. But I cryptocurrency space is one of most creative and liberal space to make good money!

Do you mean that we cannot see again such a massive growth in the near future? I don't think so. There are a lot of possibilities for history to be repeating again and again. At the same time we need to note that only with bitcoin investment opportunity we can make such a massive profits and definitely not with any other cryptocurrencies.

Quote from: tygeade on November 05, 2021, 11:23:54 AM

I do invest only with bitcoins and few other altcoins which are here for years and already proved their potential.

That must be one of the easiest to way to make use of available opportunity in this crypto space unlike what most other people are risking with random coins and tokens. We can simply invest only with bitcoins so that we can enjoy high returns in long run but for no reason people are not ready to believe in this.

bamb

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I share your optimism about the potential of cryptocurrency and your brief example of how holder of bitcoin at different time have become successful simply by holding their coin. Bitcoin has hit the mainstream and we may not see those 50, 100 times we have seen in the past. But I cryptocurrency space is one of most creative and liberal space to make good money!

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Quote from: Heromember09 on October 28, 2021, 02:55:37 AM

Altcoins and NFTs, without a shred of doubt.

We have entered the age of digital transformation and the digital economy.
Boomers were able to get rich by simply buying a house in the 80s and sprinkling their savings across low risk stocks, which netted them a 45x.

Now, crypto was the chance for us get rich with a 100x in Bitcoin since 2015 at $500, another 100x for those who invested last year and probably another 50x for those who invested this month.
Everything is digital now.

Don’t get left behind.

I guess that's a poor understanding about how to become wealthy, even you can become a millionaire with just 1 dollar if you are lucky enough to hit the lottery but the chances of hitting really matter right?

Ofcourse altcoins are good for making quick money but its not a complete choice, just keep it as one and let's invest on all the choices available for you to invest.

tygeade

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Quote from: Heromember09 on October 28, 2021, 02:55:37 AM

Now, crypto was the chance for us get rich with a 100x in Bitcoin since 2015 at $500, another 100x for those who invested last year and probably another 50x for those who invested this month.
Everything is digital now.

I must say that holding bitcoin for years is the simplest way to become richer in the world of cryptocurrencies. Some altcoins may get you similar opportunities but I am always afraid of taking risk with random coins and tokens. Always sailing with calculated risks must be my way of catching fish in this crypto space. I do invest only with bitcoins and few other altcoins which are here for years and already proved their potential. This way I may miss out few potential earning but I just prefer to secure my bitcoins at first hand rather than losing it when hunting for opportunities to multiply.

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