Can you still get rich with crypto?

[Bigpiggy01]

well it depends on if you went to the bank for a loan or not. If you can easily say i dont need that money anyway you have probably much more left. that is what i tried to say. if you save your income for 30 years and then spend all of it (100k) in crypto then you are not wealthy at all.

but besides that i invested a decent amount in cryptos last summer so as you can tell i made quite some money. we all can hustle and try our best but with investing 1k now and hoping for becoming a millionaire is simply impossible IMHO.

It very much depends on how you manage that 1k. Are you day trading or hodling etc. With very active daytrading you can do wild stuff with 1k in a year. 1mil, probably not but 100k is very doable. Using bots opens up massive possibilities of small incremental profits and you don't necessarily need the best and most expensive bots either for trading say 0.5-1% or smaller movements. There is a decent pingpong bot for sale on here that makes excellent profits in markets that are moving more or less sideways and there is always at least one or two coins doing that  

[Barbatsutsa]

Absolutely yes - there are still a lot of projects which make 200-300% of initial ICO price - if you make right actions - you'll get rich.

[Putunembah]

if the problem is rich or not depends on how we can manage it, we can just in the near future crypto get rich and otherwise we can also be poor with crypto, for example we trade and we buy coins and it turns out our coins buy a few percent of our buy of course we will get a big profit, and if when we buy coins and it turns out the coins we buy eventually dropped dramatically, of course we will lose big for example we sell right then and there.

[tanghere02]

In my own perspective, you could still get rich with cryptocurrencies for as long as you  know the coins you are investing. Meaning, you have done some research about the coin you want to trade in and have an assurance that it will profit in a fair amount of time.

[LazyBitInvestor]

It's very possible. 

Look at today's XVG price developments +33% in less than 24 hours and XVG isn't a tiny cap crypto.

Also look at the price fluctuations of stuff like TRX and XRP over the course of a week. You'll see 8-9 shots at making 5-10%.

If that isn't get $$$ territory, I don't know what is.

Sure it depends on how much you start playing with and how you start playing but you've got to be in the game to win it.

I agree with you, but you talking about short period trading.
If person don't have any skills - he will loose his money With a high probability.

I would better recommend HODL for everybody who don't have time to study crypto or for just lazy people.

[Sarisang]

If you want to believe. enter in the world of crypto is the most promising thing I've ever tasted. Crypto provides a big advantage so much desire even my dreams that materialized from crypto. Maybe a lot of people underestimate the crypto but precisely this promise.

[carlisle1]

Atleast were not talking overnight here?$1k is big enough to start investing in crypto but if this will only here for investing in long run,not an easy bucks so for sure in maybe 2-5 years that $1k may become 10-20 or if lucky $50k in that long investment..buy ethreum now in its deepest price and stock in you storages or if you want you can make $800 for two ethereum in long term,and the remaining $200 for daytrading ..luck and skill combined you'll be rich in 5 years

[kirstiemorton23]

you must have a dream because God will embrace your dreams. Nothing is impossible. this is an opportunity to buy coins and invest for the long term

[dragonball12]

yes why not.
bitcoin is a very valuable asset to me, which is just a special word for bitcoin, because it always benefits me

[MGBloomz]

Hello guys,

here i want to start a discussion about the possibility of getting rich with cryptos. if you start off with an amount of lets say max. 1k i dont think so. If we say you are able to invest like 10-100k you can still earn alot of money but in this case you are already very wealthy. Here is no enough space below this post to either say "Hey man you got it right" or just prove me wrong. leeeeeeeeeeeeets go 

Everyone has the opportunity to become rich, the question is when is that going to happen. Most of the early investors of bitcoin had been waiting for 4 years to be get there best profits if they sell at $20k. It will matter also how much is you will going to invest in this volatile market. The more money you put the better the profits.

[InvestICO2L]

Many people complained they can't earn at the moment when the market goes down continuously but i think this is not right, we still earn get a lot of profit if we're judged the market trend, we can buy into when the market start recovering. Example: XVG increased more than 30% during a day.

Moreover, The crypto market is $260 billions, it's too small to compare to its potential, i think that in the next ten years, market cap of crypto market will be equal to the largest stock market. So this is a great time to invest in Crypto market.

[EastSound]

for me investing in crypto is profitable and you can still earn lots of profit on it, you can even get rich when you know what you are doing and you study things about crypto.

[KwizatzHaderach]

Have made it to being somewhat rich last year and this Feb until now has been a nightmare of some sorts. My portfolio dived by around 75% and the recovery will surely be a long road. Still I believe in a future with cryptos and will keep HODLing.

[kulakvlad]

Despite the fall of most of my alts, I'm positive and I'm sure that everything will be fine.

[i-spn]

More deep you learn into crypto coin, Much more easy you can be rich. Buying spartancoin will make you rich after some years.
...

[Flickkk]

Hello guys,

here i want to start a discussion about the possibility of getting rich with cryptos. if you start off with an amount of lets say max. 1k i dont think so. If we say you are able to invest like 10-100k you can still earn alot of money but in this case you are already very wealthy. Here is no enough space below this post to either say "Hey man you got it right" or just prove me wrong. leeeeeeeeeeeeets go 

if you know the behavior of every coin . and your good at predicting when they will fall and rise.
i guess you can own the Cryptocurrency. Luck with your guts it is possible to get rich with cryptos

[LuckyDriller]

Ye can get rich every day, as life as full of opportunities. 

[astridplomp]

Hello guys,

here i want to start a discussion about the possibility of getting rich with cryptos. if you start off with an amount of lets say max. 1k i dont think so. If we say you are able to invest like 10-100k you can still earn alot of money but in this case you are already very wealthy. Here is no enough space below this post to either say "Hey man you got it right" or just prove me wrong. leeeeeeeeeeeeets go 

We can completely get rich thanks to the crypto. Cryptocurrency is a new market that has the potential and will be very developed in the future. So long term investment in crypto at a red market will bring more money to you in the future. We can buy potential crypto like bitcoin, ethereum or litecoin,etc, or we can invest in an ICO project. However, when investing in this market, we need to invest a lot of time and money, as well as always risk.

[tylerik1]

Sure you can get very rich with crypto, but the most times it is hard to save your profits. You have to learn to sell a little bit of your holding to secure you investment. I always take some profits but I never sell all coins of a holding because of my own FOMO

[Poink]

Hello guys,

here i want to start a discussion about the possibility of getting rich with cryptos. if you start off with an amount of lets say max. 1k i dont think so. If we say you are able to invest like 10-100k you can still earn alot of money but in this case you are already very wealthy. Here is no enough space below this post to either say "Hey man you got it right" or just prove me wrong. leeeeeeeeeeeeets go 

First, please define what do you consider "RICH"?