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Author Topic: Does crypto offer riches overnight?  (Read 6121 times)
mamiko
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May 19, 2021, 10:38:10 PM
 #1021

If an investor who has just entered the market is of this opinion, I am sure that he gave up his idea after these recent falls. Because new entrants do not have the experience of the bear season, they think the crypto money market is a market that is constantly on the rise and everywhere is green. Thanks to these declines, every person who experiences the bear season will witness that cryptos do not offer wealth overnight.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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N2CoinOfficial
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May 20, 2021, 06:55:58 AM
 #1022

The cryptocurrencies with the best potential to make you rich overnight would be the small startup coins/tokens like  N2 Coin | https://n2coin.io/
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May 21, 2021, 01:03:12 PM
 #1023

If an investor who has just entered the market is of this opinion, I am sure that he gave up his idea after these recent falls. Because new entrants do not have the experience of the bear season, they think the crypto money market is a market that is constantly on the rise and everywhere is green. Thanks to these declines, every person who experiences the bear season will witness that cryptos do not offer wealth overnight.
True, only fools think crypto can bring wealth overnight, because for those who have been in crypto for a long time and have a lot of experience, they will not easily believe the words of other people like that.

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May 21, 2021, 01:46:57 PM
 #1024

Can it? Obviously not, unless you are so so lucky that the coin you put your money in gets listed on several popular exchanges simultaneously and becomes a hype for investors to buy in a hurry making it go 100x or even 1000x before a big dump while you stay and burn the midnight candle while trying to sell just at the peak! Wink You see, it's not that easy, else, everyone would have been rich, investments yields profit overtime not overnight Grin
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May 21, 2021, 05:50:35 PM
 #1025

Crypto is one of the avenues of getting rich yet it should be understood that it does not happen overnight. Getting rich in crypto requires a lot of dedication, hard work and patience. People do not see the essence of crypto investment because they want to get rich quickly, hence, hurriedly invest in projects that follow the pump and dump trend.
Remember, one key to success is patience.
You are right mate, dedication, hard work, knowledge about crypto and patience is necessary for getting rich in crypto. If you are impatience and not working hard then you can't be rich with crypto even in years.

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mulia sabee
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May 21, 2021, 06:52:45 PM
 #1026

Sometimes it could be true, you can get richer overnight, like what happened to me with BTT, I invested 30 million and made 300 x the profit. overnight i found it

kaka manteng
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May 21, 2021, 07:20:36 PM
 #1027

Crypto is one of the avenues of getting rich yet it should be understood that it does not happen overnight. Getting rich in crypto requires a lot of dedication, hard work and patience. People do not see the essence of crypto investment because they want to get rich quickly, hence, hurriedly invest in projects that follow the pump and dump trend.
Remember, one key to success is patience.

You need to be realistic - it's impossible to become millionaires overnight. It is necessary to study and analyze the market, understand the specifics and prospects of selected projects.

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cute nmp
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May 21, 2021, 07:48:18 PM
 #1028

Nothing in this world offers riches overnight you have to work very hard to become successful in life.Many think that crytocurrency is their solution to becoming rich quickly but I don't see it that way at all maybe the bull run made people to think that way.Recently heard of somebody in my area that invested one million to buy bitcoin when the price was around sixty thousand thinking that it will soon reach hundred thousand and as a result of this dip he lost almost half of his money.People need to realize that nothing will make you super rich at one time  and be more careful when making investments.

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tomisinade
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May 23, 2021, 05:09:51 AM
 #1029

There is a slim chance anyone is getting rich overnight from crypto , but im not saying its not possible but the way crypto market is right now.. i dont see it happening. You have to come in crypto with an open heart and ready to learn… because it takes time to know what you are doing in crypto.. and when you realize how the market is then you would know patience is key to making the most of crypto currency’s
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May 23, 2021, 09:14:38 AM
 #1030

If you already rich yes it can make you richer overnight. It has percent earnings, thus you need money to make money. Huh
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May 23, 2021, 09:30:35 AM
 #1031

Can it? Obviously not, unless you are so so lucky that the coin you put your money in gets listed on several popular exchanges simultaneously and becomes a hype for investors to buy in a hurry making it go 100x or even 1000x before a big dump while you stay and burn the midnight candle while trying to sell just at the peak! Wink You see, it's not that easy, else, everyone would have been rich, investments yields profit overtime not overnight Grin
I agree with you. That will likely be the only way that might happen and like you said, highly unlikely too that everything falls in place for you to have that kind of oppotunity, and even if this were to happen, it will also mean that your investment must be significant enough that when the project hit 100x-1000x it will have a big effect on your initial capital.
jeungo
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May 23, 2021, 10:21:01 AM
 #1032

For some, this is a new valuable experience, for others, an opportunity to lose everything and start from scratch. Some of us enter the game for the third or even fourth time, make money and leave, some of us have been playing the game for more than 5-7 years without stopping.
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