Can you still get rich with crypto?

[Grechkatx]

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 

Those huge sums that could be extracted in 2017 will not be able to earn, now you have to invest ten times more and the risks are growing geometrically

[Btc_1856]

Now in the current situation of the market, it is not an easy job to become RICH with cryptocurrency because nobody doesn't know when the market starts recovering because we need to hold the coin for long-term in order to become rich. Through long-term holding, we will become rich with cryptocurrency.

[OrangeII]

Of course you can get rich by having a cryptocurrency. crypto can fulfill profitability with short-term investments, by looking at market conditions and your level of satisfaction. bitcoin is a suitable tool for trading. especially sustainable demand

precisely. even now it is still very likely to become rich by utilizing cryptocurrency. however, there is a risk that needs to be realized, because being rich through cryptocurrency is not easy.

[DaveWave]

If you can hold long term then there is a big possibility you'll get rich in crypto. Warrent Buffet mentioned he started small. Those guys that bought btc, eth, xem, xrp and many more during their early days are multi millionaires now. Bitcoin and other coins may reach new heights again but not sure how big. Eth priced at only $150 now is a big big potential long term.

[kagawawa]

I think you can still get rich with cryptocurrency. If you have a lot of experiences in trading and using the right strategies, you will make a lot of profit even in the red market.

[Cnut237]

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 

It's easier to get rich now that the price has fallen so far since the original post in this thread. But this is a good reminder as well - prices do fall as well as rise, it's not a one-way ride to profit, and it is very easy to lose money as well.

[Tomox]

The amount you can invest must be different from other people who say enough 10 million, there are enough 20 and so on do not put your eggs in one basket, if you invest in one coin, just say Ethereum you can lose all your money. Because the crypto world is still in its early stages, many people "experience this opportunity to cheat because there are still many people who do not understand how to play Cryptocurrency

[TheReverend]

I think that's the case, if you only invest a little, of course the benefits are a little.
different from 2 years ago if you buy at the right time, the profits can be multiplied.
for example you can see the chart verge and neo at the beginning of 2017 and sell it in late 2017.

[Monetran]

Yes, but there has been a fundamental shift in the way fortunes will be made in crypto from here on.

If you put your money on some unsecured token issued by an unregulated company, you are gambling. The sharks and manipulators will have no mercy on you.

The future belongs to stablecoins and tokens which are backed by real assets and are issued by  reputable, regulated companies. The fortunes will be made in investing in the companies themselves through their stock offerings.

How do I know?

monetran.com

[davit putra]

I think Crypto can give two choices, profit to be richer and risk of loss, with strategy and patience will be the determinant that we will get.

[generous]

I think that's the case, if you only invest a little, of course the benefits are a little.
different from 2 years ago if you buy at the right time, the profits can be multiplied.
for example you can see the chart verge and neo at the beginning of 2017 and sell it in late 2017.

Speaking of crypto at the moment, almost all crypto prices go down so it is better for us to be patient and wait for the price to rise again and hopefully it will be as soon as possible

[Milamol]

It's easier to get rich now that the price has fallen so far since the original post in this thread. But this is a good reminder as well - prices do fall as well as rise, it's not a one-way ride to profit, and it is very easy to lose money as well.

It is also a reminder that it may happen that there will never be profit. If the downtrend continues. Sometimes I lose faith in crypto, but not in changing my behavior in this environment.

[mbluxs]

Can. here many people have proven to be able to make a lot of profit by becoming a bitcoiner. whether they are Traders or Bounty hunters, the results are satisfactory in my opinion.

[kapalmabur]

Rich can not be measured by something passive, if you want more profits then you have to act the other way around, the most important thing I can do is continue to add investment experience and broaden my horizons to altcoins that have strong fundamentals. Hope must be in accordance with active experience.

[Niam_bakri]

Rich can not be measured by something passive, if you want more profits then you have to act the other way around, the most important thing I can do is continue to add investment experience and broaden my horizons to altcoins that have strong fundamentals. Hope must be in accordance with active experience.

you are right, because searching for crypto gains cannot be with origin. the experience and abilities we have must also develop. if we do not develop ourselves, it will be like there will be no change in us. if there happens to be a new person who is suddenly rich because of crypto investment, maybe it's just luck.

[SlimShadyMmp]

It depends on you and the cash you have at hand most time once you can trade very well learn some few analysis am sure you will be fine trading and gaining some returns in the run but you will need to start with lots of cash am sure

[claus-rich]

Cryptocurrency can make you rich, and can ruin in a short time. I think you should be very careful with cryptocurrency.

[thefaucetrunner]

i will never get bored to remind all of crypto enthusiast that cryptocurrency investment wasn't the easy way for you to get instant rich and become onee day billionaire, it's wasn't as simple as you said, cryptocurrency investment are very unique, yet it needs for more patient and attention than other investment. i know there are many people here being rich very instant caused the hype of cryptocurrency among investors and new comer, but the most important thing before investing your money in cryptocurrency is knowing exactly the risk and learning deeply everything from community.

[dosSantos]

In 2018, I became much poorer thanks to cryptocurrency. That is why I now doubt that cryptocurrency is a good way to make money.

[clololck]

Yes, professional traders can make money at any time. The cryptocurrency bear market has a bear market investment method, so the trader is the best job, but must bear the risk independently.