Does crypto offer riches overnight?

[AlisaWhishie]

A crypto currency market can make you rich, but you have to be patient and wait 2 to 5 years. Then the coins will grow x20 +

That's pretty awkward, as I'm sure that most of people here don't have more than $1k in crypto right now, so if all the coins grow x20, it will be $20k, so it won't make anyone rich. It's a good profit, but not something we'd call richness.

[invo]

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.

many people thinks that they can be rich just because they enter crypto world. they dont know that even in cryptocurrency, its not that easy to earn. it will still require an individual to work hard, spend their time and also to have a high understanding especially in hard times.

[omacron12]

No, unless you want to be a victim of scams or some Ponzis schemes masquerading as crypto investment. Success takes patience and dedication and there are no exceptions to that in cryptos too

[the1arty]

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.

Get rich or die trying. Sure, due to the volatility of some alt coins especially, you can be lucky enough to succeed overnight. A good example is Tron, the price of it was nothing and suddenly it pumped extremely if you bought quite a lot, because you have analysed it or whatever reason. As a result, you may turn wealthy pretty quickly.

[omacron12]

It is actually very nice if we all see cryptocurrencies more also as a technology,something that will make life much more easier,the money will naturally follow

[Sand King]

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.

I agree with this statement. Bitcoin is really a way to be successful but it'll never happen overnight. You should put effort and hard work here too. Successful is not a thing that happens overnight. Success means patience.

[Pbean]

https://bitcoinwarrior.net/2018/09/what-are-hdms-tokens-and-whats-all-the-hype/

[delton22]

yes cryptocurrency does offer overnight riches. ignore the fact that the crypto market is really misbehaving right now. just know that one of those shit coins in your wallet can make you a millionaire overnight

[hisuka]

When investing in crypto we might get rich and lose but does not offer to be rich overnight. Hardwork and Determination to be successful should involved when investing. You have to be patience all throughout the process when having a crypto.

[irenegaming]

At some point perhaps, especially for early adopters who could buy bitcoin at 1 dollar or less and sold at 17k, but now with the bearish market that we have this year, I don't think so, everything indicates that things will normalize a little before they can even get back up, so wait and see.

[dr_chen]

Due to the profit ratios that have occurred in some periods, crypto investors have entered a big expectation. Last year's profitability is expected, but things don't always walk like we want. In some periods we need too much patience.

[Devawnm367]

Lol if you bought crypto back in January than the only thing it brought you was bankruptcy. It can very well make you rich had you bought btc or alts in 2011 through 2013. But crypto was created as a currency not a stock!

[boolog]

if you bought crypto early enough, some people will have become rich overnight. but these times are certainly over.

[Stark_Naked9]

It actually happened last year. The price of Alts pumps up to 500% overnight because of some good news. As for now, although there is a lot of whales whose manipulating the market, the alts don't have any fluctuation like that anymore. Because the crypto market is bleeding so much and the investor doesn't believe much on alts. Personally, I think that circumstance is obviously not good for the market.

[Jdragon6x6]

If you bought bitcoin years back and you decide it to sell right now then I think you will become rich. I believe with the current state of the market right now there is less chance to become overnight millionaire. But if it was years before many did become overnight millionaire. Nowadays many people have to strive and work hard just to make it big here.

[baeva2]

I agree with the opinion that overnight it is difficult to become rich. Work should be a long and a lot and a lot of time to spend, and even this does not give a guarantee of getting rich. Although, probably, there are people who quickly became rich when the market moved up.

[Vispilio]

At the moment we are in the depths of a serious Crypto Winter, and even when the markets recover from here, there will be more sell off's

until sentiment stabilizes to neutral and eventually enthusiastic again, so now would be great timing to consider long term entries...

[kiw_91]

One could easily argue daytraders make a ton of money by flipping coins for smaller profits. That is certainly a valid approach to things, but it doesn’t work for everyone. On the other hand, a lot of people buy cryptocurrency and hold onto it for as long as possible. This means they need to be rather patient when it comes to volatility in the price. Unlike what most people believe these days, gains and losses can occur at any given moment of every single day.

[Valentyzer]

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.

That's a wonderful advice,  impatience and fear is what is killing most people in crypto, many wants to be rich but they can't  hold a coin for long time

[princeyeboah]

What can you without patience in crypto? It is a very essential tool every crypto investor must possess in order to make the best out of crypto investment. There are times when the market goes red and during these times, patience becomes the smartest move for every coin holder. Selling at these times only means loss.