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Author Topic: What’s the fastest way to grow wealth in our present world of digital currency?  (Read 443 times)
nekorakoeora
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November 13, 2021, 03:08:26 PM
 #61

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.

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hamba laeh
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November 28, 2021, 11:18:28 AM
 #62

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.

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.

whiteblue
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December 04, 2021, 02:33:29 AM
 #63

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.
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December 06, 2021, 01:49:32 PM
 #64

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.
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.

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Nahl
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December 06, 2021, 02:36:57 PM
 #65

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
Ngewex Yuk
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December 06, 2021, 02:52:23 PM
 #66

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.

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.

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December 06, 2021, 02:58:26 PM
 #67

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.

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Dewi89
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December 06, 2021, 03:10:44 PM
 #68

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.
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.
chakhigh
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January 06, 2022, 10:05:53 AM
 #69

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.

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