Does crypto offer riches overnight?

[Zanab247]

Crypto does not offer richest overnight because to become a successful man or woman in crypto investment, you must have what it takes to achieve good results. Those successful investors you saw around you, they have been into Investment some years ago, that made them to acquired so many  experience in the market before now become a successful trader.

[fluffyuji]

Cryptocurrency is one of the ways for people to gain wealth but it won’t definitely make you rich instantly and overnight unless you’re really lucky. It will take a lot of patience, further researchers, and great analyzing skills for you to become rich through crypto. So I suggest to do a lot of researches.

[oemar bakrie]

Patience and tenacity in looking for gaps in the luck factor can also be the main key to success ..
because we used to not know what the fate of crypto at this time is starting to be a place to achieve success with the price of crypto, one of the bitcoins that unexpectedly became a very fast rocket..

[oioi]

Crypto will make us rich overnight if only we already know which flow should go up and which should go down,
and crypto can also make us fall overnight if we lose too much.

[Handsome Boy]

Crypto will make us rich overnight if only we already know which flow should go up and which should go down,
and crypto can also make us fall overnight if we lose too much.

I agree with you, because investing in cryptocurrency has a big risk with a big profit too, therefore before you choose cryptocurrency that you want to invest, then my advice is that you do your research first, so you can choose the right cryptocurrency for you make an investment and of course it will be able to make you get a lot of profit from investing in cryptocurrency.

[btcltcdigger]

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.

This is exactly what i've learned, the hard way, in my crypto journey.
That's why i'm saying now, the only way to get 100x gains, is private deals using private deal pools. I'm a part of like 3-4 and on average, projects go 50x

[Godwinpaul]

I think there's a popular notion among newbies that with crypto one could get rich overnight. There could be some element of truth in this because of the massive percentage increase which could be recorded by a coin in a short period of time. But in most cases its difficult to get in at the and out at the perfect time, this makes crypto not a get rich quick scheme. It takes a whole lot of dedication and diligence to earn substantially in the industry.

[vabchgent]

I think there's a popular notion among newbies that with crypto one could get rich overnight. There could be some element of truth in this because of the massive percentage increase which could be recorded by a coin in a short period of time. But in most cases its difficult to get in at the and out at the perfect time, this makes crypto not a get rich quick scheme. It takes a whole lot of dedication and diligence to earn substantially in the industry.

And that indeed happened in the past right? Sometimes coins went 10 x overnight in 2017. If you held the right token back then and you put in a thousand dollars, it was possible to turn that into a hundred thousand dollars in a matter of days, but that's not reality anymore. Too many participants in the market.

[jerlen17]

I think there is no such way to get riches overnight. There is so much preparation needs to be done first to become riches. Ofcourse, you have to make a plan, research, even survey, which among the coins or what coin has a potential for you to be able to be rich from it. It is not easy to identified which is which is the best token or coin will give you a chance to become riches overnight.

[BaeSuzy]

For me it's 50:50. I know knowledge and experince is important but in this period (Altseason) almost every big coin can very easy to get more than x2, So i feel sometimes knowledge and experience isn't really matter in this period. I think luck plays a bigger role in crypto.

[ahmia39]

I agree because thinking that the probability of such a coin might be 1 in 99%, or rather only a few people will be lucky to get it.
It's better to look at a coin with clear fundamentals even if it takes a little longer to grow at least not too risky.

Yes, the choice of coins that have clear fundamentals is always wiser to do because the risk is not too big, because coins with clear fundamentals always have a lot of interest in all exchanges so the potential to get profits is much clearer.

[jack jillss]

not right but not wrong . i believe if you have right education and mindset to fight for in and out in crypto you can achieve anything overnight or you can lose depends how you able to take the correct outcomes . more people not able to success because human emotions ( fear, greed , fomo , fud etc )
depends how we enter ( is tha correct time ? and is the right time to get out ? ) i have seen many users day to day successful more the who are holding for longer period . and even i saw vice-versa case . nothing is perfect ( perfect is the way our mindset is ) .
long discussion over these topic but we do not know the correct outcomes . hence i believe not everything on this forum is correct and not everything is wrong . depends on mindset .

human brain ( unexplored data human trying to explore when they try to find something they amazed everytime with new data . never ending brain discussions ) .

[armanhusni]

I think in crypto we can reach wealth in a moment, but it must require large capital. but behind having large capital, of course, there must also be a patient attitude as you mean. therefore investing in crypto must have great patience and also sufficient capital.

Yes, and actually there are many things that crypto lovers can do to get a lot of profit within a certain duration, one of which is as you say, but on the other hand one can also get rich in an instant with only a very small amount of capital through moderate luck sided with him, even though such things were very difficult to happen to everyone in crypto.

it could be called a fortune in my opinion. but in real terms without having sufficient capital and putting forward patience it is unlikely that you will get that.

[armanhusni]

Crypto is not ponzi. It is not a get rich quick scheme. It needs time, studying and patience and greed should not be a part of it.

It seems that what we are talking about here is not ponzi or gambling and also not out of greed. I think this year a lot of people have had huge profits overnight for holding the best coins that they believe will reach ATH. among them are BNB holders, DOGE, ethereum, and BTT holders.

[sukmo]

In this forum we are taught to work smart, we can not instantly get wealth with crypto and only capital for free.
In this forum we are trained to learn to be a professional investor, trader and the like who can research a project or coin well that has good potential in the future.
We are required to always update looking for important information every day to achieve success in this forum.
But we also humans must have mistakes but from those mistakes we gain experience and provision of success.

[mamiko]

Cryptocurrencies are of course one of the ways to get rich. But one thing we get wrong is that we think we'll get rich overnight. we can't get rich overnight. Most people entering this market for this purpose risk losing all their money. This is one of the reasons the cryptocurrency market has become popular lately. people think they will get rich overnight. but this is not so easy. this is a place that requires long-term study, research and patience.

[oscarftw]

Crypto is not ponzi. It is not a get rich quick scheme. It needs time, studying and patience and greed should not be a part of it.

It seems that what we are talking about here is not ponzi or gambling and also not out of greed. I think this year a lot of people have had huge profits overnight for holding the best coins that they believe will reach ATH. among them are BNB holders, DOGE, ethereum, and BTT holders.

You know "EOS blockchain" isn't a bad altcoins even though it doesn't have any bad reputation. Even though the price can't overcome the last ATH. Any newbies can't be rich overnight. So many patient people are waiting for the new ATH of their favorite projects. These mentioned names of altcoins hold only some big investors. Overnight situation could get from the third quarter.

[bitcoinsc]

I jus sold 3000 usd worth of eth and later that night traded my btc.. 3000 usd worth to eth. And in the morning I'm up again. Magic money for ya.

[jpnl0006]

Its unfortunate that loads of people are covered with the idea of get rich quick systems as that is the systems that works better for them but the sincere truth be told. those schemes don't last and also the losses incurred can be fatal as loads of people go as far as borrowing money to invest but in crypto, all you do is invest and wait and get your dividends when due.

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.

[LUCKMCFLY]

I have a theory, if I take an altcoin at a very low price and put a lot of money, I can only wait for it to grow 20% or 30% to make a profit, this totally applies so that it generates a considerable profit, the only thing is that it does not It can be short-term and if it happens it would be very good luck, however, reviewing articles that talk about technical analysis on altcoins, I came across the analysis of LTC, which shows:

If the buyers push the price above the resistance line of the ascending broadening wedge pattern, the LTC/USDT pair could pick up momentum and rally to $400 and then $463.31.

Source: https://cointelegraph.com/news/price-analysis-5-5-btc-eth-bnb-doge-xrp-ada-dot-ltc-bch-uni

If it had been bought at approximately 220USD the price would now be taking impressive gains, this is what I mean.