Does crypto offer riches overnight?

[zDNkfr9]

In my opinion, investing in cryptocurrencies will bring a lot of benefits, but it takes luck. I think investing in ICO will be rich, but most of the ICO this year is a scam. I think it is very difficult to get rich overnight.

[SmartIphone]

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.

If we are super super lucky then yes we can be rich within a night but this happens very very rare and while holding lots of coins to become maybe a millionaire which is 99.99% impossible.

At the other side there are people that are holding for a long time maybe 8+ years and still believe that bitcoin will go to 20k again which I think is not possible for at least few years.

[daxiake]

Actually it is possible if you pick the correct coins from new projects. But to be able to do that, you will have to do a lot of research. Also you need a bit of luck for that.

[Answer United]

Hm, maybe. Crypto is very nice in this case and I don't think that it is impossible at all. It can bring money in very unsuitable way when you will not be ready.

[angrybirdy]

nope, its impossible to become rich in just one night. everywhere in the world and even in crypto there is no such thing, unless you are doing such as illegal things. but not because you enter in crypto, there is no such thing as getting rich overnight.

[cryptolord2077]

I think now it's impossible. The end of last year brought wealth to many people, but this is a luck that happens very rarely. Now only work and patience can make us rich.

[milah_ah]

The crypto industry is not a lottery. Therefore, I believe that it does not have a quick and big profit.

[Enzo05]

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.

Yeah I agree on what you just mentioned . Patience will make you rich here in crypto like what others did when btc is just a low value . Look at them now they are considered as whales of bitcoin .

[Bavaria]

Well currently total marketcap is fallen back under 200 billions. Many great projects which is now on top 200-300 have a very low capitalization( < 15 millions). No doubts some of these projects will succeed.

[robelneo]

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.

Investing in cryptocurrency needs patience and this is where you can apply the saying patience is a virtue, I think not looking often on the price when the market is in bear trend is a big virtue, people kept looking at the price to check if they made a profit or losing the value of the coin they are holding.

[rosepetals]

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.

Being rich in crypto doesn't mean that we can achieve that so easy.We need to have more perseverance and full dedication on doing such thing but if a person is lucky enough his or her investments could grow huge amount of money.Being involve in crypto is unpredictable what is our key to succeed in this field is to trust our invested coins,tust the projects,trust the people behind it and most probably trust ourself because we have choosen this field.

[QueenCryptomarket]

Real or not really get rich in crypto quickly - this is a complex and controversial question. Many opinions about this. I do not want to participate in these discussions. For me, the main thing is to believe and hope in the opportunity to quickly become rich. With such my mood it is easy to live and work in crypto.

[noorammak]

To succeed and rich in Crypto, many have lost a lot of money. The wait and patience is never too much in business. I found that my friend lost a lot of money in exchange for his experience at Crypto and now he is holding a large amount of money. Sewing is also a necessity.

[Xclusive5]

Cryptocurrency is not like ponzi scheme where someone can become rich over the night. To become rich in crypto, someone have to be patient with investment. Once you are patient with your investment, then its possible to be rich through cryptocurrency.

[loveinberlin]

As for me, crypto is the major topic today and I like talking about it with my friends sharing a lot of ideas. to my mind, it is better to use crypto for the long-term hold and it will help us to become rich

[Gboytee]

You can get rich quickly with crypto but one or two things will have been put in place to help the situation. Crypto is an investment that generate huge return on investment.

[wiro 212]

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.

Being too excited makes us unable to think logically. Bitcoin can't convert you into riches overnight, and you have to have patience and knowledge about crypto to make a profit.

[mir4a]

I think that this year we will be able to assess the level of manipulation and next year we will partially expect similar positions on the market.

[Nolimitz84]

There are situations when you can quickly earn.Let's say at the end of the bounty to write a good article and get a lot of promising tokens that are already traded on the exchanges.This way you can earn fast.But this is rare.Basically, you need to work hard on the result.And You correctly pointed out,not having patience is very difficult to be a member of bounty)

[tomboi]

That might happen because crypto has properties that can significantly increase its price. But it is also based on good analysis. If crypto continues to decline like this and has fallen into a deep enough hole, it is difficult for Crypto to skyrocket and exceed its highest price. The market will stabilize the situation in a safe condition first to make improvements.