Does crypto offer riches overnight?

[Davian144]

Someone does, there  is always a miracle story circulating in the crypto world. But who is? Obviously, all of us wanna be this lucky guy.But, we all know that just a daydream. Now let us face it, stop this manica thought. I rather to work hard in the real world.
After talking so much, my answer is no.

Everyone also works in the real world, although some of them are more active in working through the virtual world, because the results through the virtual world are always greater than the real world, because the work is virtual but the results always become real for those who already know how, so no one wrong in both, both real work and virtual work.

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[Matimtim]

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.

Yes that's right,  patience needed to be successful investor in the crypto currency, we need to become vigilant and watch the situation and set your goals when you going to invest and when you need to sell your coins to make more income; this things is just only one way on how to earn using crypto currency, but proves that its takes time to achieve what we are dreaming success.

[Dexion]

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 also agree with you. Many people are now enjoying Bitcoin pumping up to $ 20k, they are still waiting to go up and hope to make money in the short term. they do not realize that they are trapped in this dark circle. They are trapped in the dark room of failure. Even though the essence is that when people invest, they must have knowledge of what the object of their investment is and extra patience, not just chasing profits instantly and quickly.

[Shasha80]

Wrong thinking if someone thinks crypto offers riches overnight, because many who become rich investing in crypto usually have to go through
a long process. They accumulate coins that have the potential for several years to actually make a huge profit. So there are no overnight riches
given by crypto, therefore, if we want to be rich, try to be patient with little by little buying coins that have good potential.

[Republikcoin.com]

over year but for some people even more

yeah, that's the hodler way. Doing data research and following project progress information makes us want to hold on to the investment we make longer and longer. Time is needed for the project to grow even higher.
It took BNB 4 years to move from its initial price of $ 0.1 ($ 2 when entering the market Nov 2017) to its current price of $ 560.



I'm also not surprised there are investors who got rich overnight, but this a very rare fortune. Cryptocurrency volatility is very risky, you can win a lot and also lose a lot in a short time, and that is very natural. Keep using your math and keep your emotions going when starting with cryptocurrency

[Rampagoe004]

If we want to get maximum results in the crypto world of course we must be able to understand the market movements, and we must really follow every update that discusses about a good coin for us to invest, then we must be patient in this case because of the losses that we will get when we are in a hurry in choosing a coin, because at the moment many coins are only pumd momentarily then return to the original price ,then we must be careful.

[Banulit]

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 is really true that for you will not get rich in crypto in just a day or overnight, its not a one day process for you to get rich because you really need to wait for the right timing and have plenty of patience in order to achieve your goal to get rich. Also, getting rich in cryptocurrency is a long term process.

[capokmerah]

Besides Patience, Learning is one of the most important things to succeed in anything. Especially in the crypto world. Learning is the most important factor for success in cryptocurrency.

[Adreman23]

Most of us lose patience because we do not use the strategy of not losing our patience. The effective way is invest and then forget  and focus our attention to something else like  office work, sports, friends etc because if we always monitor our portfolio, like every minute we check the price it will surely end up selling our coins and lost our chance to become rich.

[bonyaserg]

Personally, I believe that the cryptoindustry is a new kind of technology that is not yet very well understood and requires a lot of attention and patience. Since the cryptoindustry is all giving its users a great opportunity to make good profits. And I make a profit from investing in a promising cryptocurrency. I certainly didn't get rich, but I have a stable income from cryptocurrency. So you need to understand and delve into everything in order to get good profit from the cryptocurrency.

[slaman29]

yeah, that's the hodler way. Doing data research and following project progress information makes us want to hold on to the investment we make longer and longer. Time is needed for the project to grow even higher.
It took BNB 4 years to move from its initial price of $ 0.1 ($ 2 when entering the market Nov 2017) to its current price of $ 560.

Also important to note that it took it a few weeks to double in price now, so I'd be extremely cautious about expectations of it. It's so crazy to think it used to be given away and burned in the millions during Binance trading competitions! So yes, I'd be very, very cautious about moving value to BNB now given how HOT it is. People will be keen to let go when the rally looks like it's over.

[Adeope21#]

Making it in crypto trading involves  a lot persistency and patience because nothing just happened overnight but as a result of patiently planned action. Although many people will say it happens over night nothing knowing the number of trials and efforts in place.

[Cornia]

I don't think people will get rich overnight through crypto investment but it is certain that people will become poor overnight through wrong investment. Because it takes 10 times longer to be pumped in crypto than dumped. So you have to invest in the right coins. It will be at least some profit.

[vabchgent]

I don't think people will get rich overnight through crypto investment but it is certain that people will become poor overnight through wrong investment. Because it takes 10 times longer to be pumped in crypto than dumped. So you have to invest in the right coins. It will be at least some profit.

Depends on what you define as "overnight"... I think for some people that does apply even though it may not have happened within 24 hours frankly speaking. Sure, lottery makes you rich over night, but hardly anything else has been as profitable as cryptocurrencies for those who got in early. Or do you know of another asset class that did the same (ever)?

[tatalin]

There is no such thing as getting rich overnight. Some people believe that getting rich is easy. It is not easy and you have to be consistent in doing the things that will help you to get rich. It needs to have a lots of knowledge before jumping in c,ryptocurrency because this kind of investment is very risky and will make your hard-earned money go away in an instant. If you do not know what you are doing.

[lexkiee28]

If you are rich with plenty amount of funds maybe you can get richer overnight if you are good in trading as well however I don't think that as a normal crypto enthusiasts getting rich in crypto space cannot be done just overnight because it is a long process and you need to have plenty of patience waiting for the right timing.

[giantrobot]

Being wealthy after only one night for a trader is not a simple thing. To be successful, they have to lose money many times, even to borrow to get money to continue investing. So nothing succeeds without experiencing difficulties. Patience is a must when investing in cryptocurrency.

I agree with your point of view! It's hard to become rich just after a night. Although this can happen when investing Bitcoin. For example, you bought a coin after a night of its value rising triple. Means you have a word. Do you keep it or sell? Or after a night value it drops to 3 times compared to the original. How do you resolve? So patiently and find the best business direction.

[ahmia39]

I agree with your point of view! It's hard to become rich just after a night. Although this can happen when investing Bitcoin. For example, you bought a coin after a night of its value rising triple. Means you have a word. Do you keep it or sell? Or after a night value it drops to 3 times compared to the original. How do you resolve? So patiently and find the best business direction.

If there is a coin that is able to increase three times the price it bought, I am sure everyone will sell it, because usually after a large increase there is always a decline in the end even though it is not in three times, but what needs to be underlined is that this kind of thing is very rarely happens in crypto.

[jahepahit]

Anytime there is a huge success story in crypto , people outside usually think it was rapid especially when it's investing little funds to earn big. Many people will come in and start investing in random projects. When things don't go as expected then they start saying many things. Patience and hard work lesson are not usually said because all they want to hear is to start making money as quick as possible. That's not how it works.

[rahmathidayat93]

Anytime there is a huge success story in crypto , people outside usually think it was rapid especially when it's investing little funds to earn big. Many people will come in and start investing in random projects. When things don't go as expected then they start saying many things. Patience and hard work lesson are not usually said because all they want to hear is to start making money as quick as possible. That's not how it works.

It will be very sad when people who have never tried working in crypto think that in crypto they can get money very quickly, even though everything takes process and time, so there must be patience when starting to work very seriously.