Bitcoin Forum

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.

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.

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.

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.

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.

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.

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.

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.

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.

But don't forget there are also those who end up poor because they don't have the knowledge to invest in which crypto. This is relative if indeed all the coins we buy can produce abundant wealth, but it all comes back to the value and resilience of a person. whether able to be even harder in financial management or just ambitious.
With so many ways to get rich, then why are people still complaining that investing in crypto ends up failing?

Recently it seems if you are chasing returns then you might want to look into things like OHM or TIME where you are getting compounded returns multiple times per day. I like OHM but ETH fees are a turn off for me. I went heavy into TIME since I like the team and the fact that it is on AVAX makes it cheap and easy to get into and its still incredibly early.

OP you must understand that there is no fast way to make money, even with digital currencies, you may think you can make money quickly, but that would cause you to make mistakes such as not doing a proper research before investing, investing more than you can afford to lose, choosing the wrong coins etc. Having said that, digital currencies are far more than making one rich, you must invest in a coin you believe in, I for one believe in the Bitcoin network cause of the freedom and control it affords its investors and cause it also has an actual use case, thus you should actually select coins that you believe in and not only cause you believe it can make you rich pretty fast.

One of the fastest means of making good earning (ROI) is crypto currency, and it cut across different sectio, Bitcoin, Altcoin and NFT, all is reliable, if one knows how to play it card very well, one just need to be careful when investing in NFt and Altcoin because of dubious project.

The best way is by following the growth of the era. Sometimes, there is some development of technology, the latest will be the best ways to follow. If we don't follow the development, we will be left behind.
Actually, this is not only about cryptocurrency because there are also complex online jobs that we can do.
but here, I also focus on cryptocurrency right now. Investment in the top coins and especially Bitcoin and other TOP coins will be good enough for long term investment

Right. Investing in crypto particularly with bitcoin and the rest of top 10 coins in CMC will certainly make you wealthy in as early time as possible. And while you are holding into the best coins for future profits, you should always have other investments in the real world that are huge in demand so that you will gain both profits from fiat and crypto in time. And better stay away from living luxury life, otherwise you won't be earning still in the end.

Well, when you ask that, I think you might be aware of number games, maybe luck won't be with anything but time and knowledge, as well as loyalty.  I think to get rich “quickly” in the crypto world is to take gambles on Doge, Shiba, NFT… it's your choice, I won't be sure I'm in  any period.  Maturity is a must

That's true, we are facing a market with really cool opportunities to get rich fast. But one should remember that there is always a darkside in any situation or in any process. I think the fall of the markets will be devastating. Of course this will happen after a huge growth. Just don't be too greedy and religious when dealing with crypto :)

Not going to be an easy ride, yes Cryptocurrency is a great opportunity to create a lifetime income, but behind those opportunities are traps that you have to deal with, there is a lot of quicksand in the Cryptocurrency market, you thought you have it and you find out its slipping, you have to educate yourself how to move forward what to look how to cut your losses, it's not an easy ride and learning should be continuous.

I agree. Not fully knowing all the intricacies of investing, you can quickly lose your money, instead of getting rich quick. If there were correct instructions on how to increase our capital, I think many of us would already be millionaires.
Without a certain experience, which has in its history not only profits but also losses, it is impossible to work out the right strategy for yourself. Therefore, you need to soberly assess your knowledge and risks, which can play in the future not as intended.

I do agree, however there is a caveat here, if you don't know what you are doing and just blindly throwing money in thinking that it will give you X amount of profits in return then you are wrong.

NFT's are just like the ICO of 2017, and I'm sure majority of us here knows what happen after the bubble has been burst. The ICO lost it's luster, investors sway away and look for the new and latest trend that can give them another set of profit.

So just be careful with all of this NFT craze right now, it could end in a bubble like ICO, just saying.

Yes! if you landed on a successful project whether it is NTFs or Altcoins. Because some of those projects are hoaxes and do not really work that way when you don't use your mind and you just simply invest with the random altcoins. Some of the NFT projects are trash and some of the altcoins out there are just shit coins that will not raise their price no matter how will the situation of the crypto market is.

Therefore, what you need to do is be updated on the crypto news that publishes trusted content because that will be convenient for you to know whether the project you are about to invest your money in is good or not.

I read CZ Binance said about crypto. He said the best way to be wealthy in crypto is to hold it. If someone held 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 holding is also a form of trading. ::)

Investment selection can be anything. for those who like to invest in the world of the money market, today, many are smiling, especially when they enter in July when BTC is $30,000 and hold until now feel the sweetness of the added value of profit. Even though crypto continues to rise, I remain vigilant. However, crypto is high risk so you have to be prepared to lose if at any time it gets slammed badly.

In my view, you should diversify your investment. At least try to return your initial capital first, the rest let the profit be played, the important thing is that the initial capital has returned so that if you lose, you don't eat the initial capital. Don't be greedy, still have to be alert, it can be slammed suddenly!

I don't think that we can become rich in a short period of time. If we chase this goal, we are more likely to lose as it looks like gambling where only 1-2% of people  are lucky to earn.

We had better focus on long-term constant capital building by holding mainstream currencies and different defi-projects such as staking and yield farming platforms, so be patient and don’t chase quick money.

There are lucky traders that have been caught by hype and they've managed to become rich in a very short period of time. But the risk is with them and it's the highest because those projects that they're trading, they're likely to dump at the lowest that it can.

That's why if you're aiming to be a rich person through cryptocurrencies, you have to do it with the moderate method. You'll become rich if you're too good but don't be too hasty.

In this modern times being smart is the best to generate wealth. People no longer get to physical struggle to make money because the internet has so much of opportunity like blogging, web creation, trading of cryptocreency, script writing.

Hodling cryptocurrency also is a big business that much people have made wealth from too. Bitcoin hodling have benefited early hodlers and altcoins too have valuable coins like Ethereum, cardono and many others like dogecoin that has made people rich.

everyone can become rich with their intelligence to find opportunities with their respective strategies in this digital era world, but we also can't close their eyes to those who fall into poverty because they are too greedy to get rich overnight, so those who can master their mentality have more opportunities. for rich

I would argue that the fastest way to get rich in crypto is to farm on a platform like Pancakeswap or Ref Finance. Sell the farming rewards for USDC and cash out via a crypto card. An extra 50 usd a day really adds up.

Everything requires a process and no one gets rich suddenly without effort and hard work. In the crypto world we know that this digital currency can be obtained by buying it and mining. Crypto currency can be invested, it can also be used as a means of payment and can also be traded for profit.
From the explanation above, what I think of is to get bigger and faster profits than other ways, namely by mining and trading. If we invest in cryptocurrencies it will definitely take a very long time to get bigger profits.

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.

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.

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!

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

No doubt crypto is one of the easiest way of making money right now, the best part about it is that you don't really have to study too hard, just manage your risk and know what project are good to invest in, although there will be some looses but the gain percentage should be high, altcoins help out the most since bitcoin is too big for most people like me, I normally buy good altcoins that have real utility e.g avax, near, ltx & sol, although I bagged more of Near than any other coin here, since Near is programmed to reach the top 10 spot soon, I see near reaching a minimum of $50 by this time next year,so buying now is a plus imo.

Crypto surely is a quick way to earn. No other market would give you comparable ROI. But with higher chances there are higher risks.
Diversification, on coins, type of coins and how you invest. NFTs, Defi coins, stable coins, utility tokens and other coins. Joining good projects in pre-sells, buying the dips. Trading with bots and manual, staking coins for larger rewards, stablecoins LP for safer earnings.

One thing we all need to remove from our mind is the greed of getting rich in short duration. Crypto is very risky, even with proper research you end up ending in scam projects. To my best knowledge, it's good to keep major part of your investment in invest in solid coins like BTC, ETH etc. While only 10 to 20% you can invest in new coins or projects like NFT, DeFi. My few staoshi.

Wouldn't most agree is to get on some coin that is pumping... doge or shiba and similar and then once you double your money or triple it, get out and rinse and repeat?

Involvement of Elon Musk is also having big impact on this all because after his hype about Dogecoin give very good fortune to him now many celebrities and other peoples also announcing about their involvement and having very good fortune with this. But as OP is asking, the fastest way of having wealth is also very easy after we have some good digital and crypto related projects which are helping to grow your stuff very quickly.

SHIB is also going into top 10 markets in space of just one year mean now dignity is not important, just your hungriness about money is more important for having very good wealth. Just sack of your own start any fake project and fill yourself with money but still remember one thing when going from this world you are still having nothing in your pocket.

NFTs seem to be the fastest way, so do dog coins but those are high risk. I prefer to yield farm on Spookyswap, Ref Finance, and Pancakeswap. These are paying me 100 usd per day, which is enough to live on.

It's undeniable that during the time Elon Musk made a tweet mentioning Doge (it was during the Q2 of the year) it made a hype to the token, I think he was the one who really made this crypto valuable even if it is meme coin. Today, I believe that through this digital currency platform, NFTs were one of the way to achieve our dream financial freedom the fastest way but thinking of investing in meme coin need to be very careful because the risk is still high. I think Shiba Inu will be the great competitor of Doge.

The fastest way to get rich you can do is use Bitcoin. But it's a good idea to choose to hold zbitcoin because this will be much more profitable. Even though it can be quite long, the profit you get will answer all your hard work. If you want a quick profit you can choose to do day trading but don't expect the profit to be large because daily trading only takes a short time where market conditions only change slightly up and down. It all comes back to you, choose the right time and right.

As they always say: "with high risk, comes high reward". Crypto brings huge rewards to the investor, but it's extremely risky as prices fluctuate constantly on the market. If you play your cards right, you could help grow your wealth with crypto faster than traditional banks. There are so many ways to make money with crypto limited to your own imagination. Staking and lending are usually the best ways to grow your wealth in crypto land. Combine this with stablecoins, and you're on a road towards financial freedom. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts ;D

Holding bitcoin needs to have patience and control ourselves because I see many people can become panic when they see the price drops in a second and make them sell their bitcoin instantly. It needs more practice to hold bitcoin with the right and how we can buy more bitcoin at the right time.

I believe that the process will not lie to us as if you are working hard to earn more bitcoin and make a profit from trading, you will see that your capital will grow from time to time. As long as we know what we need to do and have the way to try to make a profit, we will make a big profit someday.

I am not really sure about NFTs as because of hype there are too many scams now that release their own NFTs and investors who follow this hype, invest in such projects and then lose their money. When you choose an NFT-project to invest, be very careful and investigate web-sites, social media, documents, team members and community.

Crypto can make rich quick but it also makes it poor quickly. It depends on how to run it. When playing in crypto only relies on speculation and guessing, it is like gambling and harm. Science and basics such as technical and fundamental in crypto are needed to make you rich quick in the crypto world.

to become rich in cryptocurrencies is not as easy as you said, because many also have received big losses from cryptocurrencies. if there are some people who can get rich in a short time then there are some people who experience big losses in a short time too. Cryptocurrencies do look easy but require energy and strong mentality when you see market movements that are so fast.

Because of the risks and benefits that everyone has started to learn not to make rash or hasty steps in making their choices, because when someone will lose, then at the same time someone will win, for example as you said.

Keeping coins is really the right thing to do. It's just that you don't always know exactly which ones will rise in price. For example, I received tokens from one bounty and my intuition told me that the project would be in demand. But at one point I urgently needed money and I sold it. As a result, I sold it for $ 150. At the moment, the price is estimated at 12,000.

Don't get it wrong that in Crypto the risk are equal to the profit itself which mean behind big money which you can get from crypto there also a risk to lost the money immediatelly and to get rich from crypto it took a lot of hardworks to achieve that so it won't be so easy because I was often to see people have failed to get rich and became poor because of crypto and maybe crypto offering big money but don't mean it will be shortcut to be a rich

Agree, don't be left behind for success and riches. investment trends are always dynamic and the best way is for us to follow the development of these trends, there is no denying that crypto is the most promising investment and it has been proven that there are many new rich people from cryptocurrencies with various fields such as coin/token makers, establishing exchanges, mining and so on.

The world is going digital and that is why we now have more people working from home as to regards going to work before. Technology is advancing and there are many ways to having multiple streams of income in this digital age.

No exception as holders, all holders of large coins in the long term have achieved the highest profits since crypto as a promising investment trend, so we already understand that there is no need to panic in crypto investments because every correction will be a new pattern reaching the highest price.

I think those who hold solid projects will make it in the long run. But, if one leaves his position when the price crashes, then chances are he becomes poor because of his wrong decision.

I see one can let a portion of his crypto holding run on automatic fashion by staking it. Staking offers good passive income on the right Defi platform. Another way to grow one's wealth is the new decentralized hedge funding (the upcoming Ferox Advisors as an example) which offers a solid trading method on the TRC20 network.

So, I think there is a good potential in staking and trading when using the right platform and methods.