Topic: What’s the fastest way to grow wealth in our present world of digital currency? - page 4. (Read 496 times)
October 28, 2021, 10:11:22 AM
Bitcoin is still a good investment, even if it's not realistic to expect 45x profits anymore. As for NFTs, it's easy to buy them too expensively, and then fail to sell as a similar or higher price. As for altcoins, there are tons of them, and the vast majority are worthless. They follow a simple pump and dump scheme and are sold shortly after being listed on the first exchanges. Then there are different ones, which are already well-established and have big market capitalization. But they aren't a much better investment than Bitcoin, as they have also already been through their major time of price growth.
October 28, 2021, 09:26:14 AM
It's true that the crypto market is the medium of the wealth transfer in the modern world. But do not be too optimistic about being rich in here, there's always the slow process but profitable. It's better if you're planning your path by investing in bitcoin and some altcoins but removing that being rich quick, that might lead you to fall because newbies can get into get rich scheme by having that mindset that they shouldn't have.
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.
October 28, 2021, 05:48:53 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.
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.
Don't think of investing in a past tense. People who say that they woud be rich if they only invested in cryptos in 2015 are lying to themselves. Why i know this? Because not a one of them did invest into it!. It took balls to invest in 2015 when EVERYONE of your friends told not to do it and the market sentiment looked like crap.
These people will fail miserably because they they will always be late, investing on the hype phase, they will not invest EVER in the bottom. To be rich they have to learn entirely different ballgame, you need to find something (of real value) that looks like it has hit a bottom in terms of TA and no one in your feed has yet found and after that you control the game. You will be the whale.
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.
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.
October 28, 2021, 05:25:15 AM
I see many people talking about the best or fastest way to get rich. Really, material problems make us run after it, but do you understand how rich you will be?
The ways to me are meaningless, instinct is understandable and never loses it will determine whether you are rich or poor from thinking to expression.
The ways to me are meaningless, instinct is understandable and never loses it will determine whether you are rich or poor from thinking to expression.
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.
October 28, 2021, 03:27:27 AM
It's like you were already answering your own question, by the way. However, let me quickly chip in something I read CZ Binance said about crypto. He said the best way to be wealthy in crypto is to hodl it. If someone heDl a single Bitcoin since 2015 and never sold it, the person would be in great wealth, no doubt, unlike if they tried to trade it (which most do and then lose out on it). I share in CZ's view point and this is why I'm of the opinion that hodling is also a form of trading. But it's also pertinent to note that when one hodls one should know the right time to sell.
Nevertheless, to grow wealth will mean investing and reinvesting. Then lead a minimal life of luxury so as to safe cash too.
Nevertheless, to grow wealth will mean investing and reinvesting. Then lead a minimal life of luxury so as to safe cash too.
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.
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.
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