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Author Topic: Does crypto offer riches overnight?  (Read 6146 times)
Cappex
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April 26, 2021, 08:25:30 PM
 #901

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.
getting rich overnight is definitely risky although not impossible, the recent coin pump and dump meme trend has seen absurd earnings rates but this is for a few people, laggards investors have discovered what a ponzi scheme is.
patience and the long run always pay off
Ten98
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April 26, 2021, 08:42:54 PM
 #902

getting rich overnight is definitely risky although not impossible, the recent coin pump and dump meme trend has seen absurd earnings rates but this is for a few people, laggards investors have discovered what a ponzi scheme is.
patience and the long run always pay off
Yes, but that kind of thing rarely happens forever in crypto so the risk is greater than the profit because being rich in one night can only be obtained by a few people and usually people who enter earlier when the price has not been pumped.
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April 26, 2021, 08:47:38 PM
 #903

The returns offered by Crypto coins are already much more than any other investments. One just needs to be patient and not be too greedy and fall for any get-rich-quick scams.
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April 26, 2021, 08:56:40 PM
 #904

The returns offered by Crypto coins are already much more than any other investments. One just needs to be patient and not be too greedy and fall for any get-rich-quick scams.
But what a lot of people hear about the crypto market is an investment that will make people rich quickly in no time.
a reason that many new people use their spending money and even borrow people to enter into the crypto market.
This market is volatile, but this market has been built on the trust of everyone for a very long time. nothing is instant get rich.

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Asgard124
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April 27, 2021, 01:46:23 AM
 #905

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.

Crypto is one investment that can offer you riches overnight. We can all see how meme coins gave exponential profits and growths over time

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HyunBin
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April 27, 2021, 02:44:52 AM
 #906

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.
Absolutely agreeable even you have a good amount of funds doing crypto like trading/scalping cannot get you rich in just overnight because those who got rich in crypto is those who hodl in a long term manner. So that is really true that patience is the key to get rich in cryptocurrency.

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April 27, 2021, 02:59:19 AM
 #907

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.

Actually there is, we can look at the shit tokens hypes on binance smart chain.
Some people who lucky enough, were able to make tons of money from of the hypes.
I think we can get rich very fast in crypto, but don't get me wrong, because cryptocurrency is more profitable if we hold it for long time.

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April 27, 2021, 04:43:30 AM
 #908

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.

Crypto is one investment that can offer you riches overnight. We can all see how meme coins gave exponential profits and growths over time
Sometimes this is actually possible. Sometimes for individuals it just worked out well for this circumstance, but in general it takes a long and exhausting work to become rich in cryptocurrency. Due to its unpredictable price movement, getting rich quickly is just as possible as losing your investment in cryptocurrency.
To become rich, it can be enough just to invest in some coins or tokens and this can bring big profits after a while. However, this is becoming increasingly difficult to count on.
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April 27, 2021, 06:23:54 AM
 #909

Crypto definitely does offer riches overnight, but at the same time it also produce more bankrupt overnight's people. It is better to bear in mind to only invest on what you have.
Not sure if crypto is a get rich quick over night, cause it requires alot of hardwork and dedication to be able to succeed in this space, the people who get bankrupt aren't patient because they invest more in a project than they can afford to lose, and in the end things go sideways instead of profits they suffer losses, in the crypto space there are so many ways to become rich quickly but it's never over night you have to put in the work to get the right result.
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April 27, 2021, 06:40:04 AM
 #910

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.
Thank you for such a wonderful advice, personally, I discovered about bitcoin and crypto currencies in 2016, i got not because I wanted to make money quickly but because the technology was fascinating to me, I wanted to really understand how it works, after playing faucets and earning some satochi in bitcoins, I started trading for fun on poloniex, I was trading for the profit but to see how it works and feels, and it was great, I mean it was like playing a game to me, I loved it, so after some time when I've mastered the art of trading a bit, I decided to put in more money into it, along the line, I discovered I can actually buy this coins and hold it, I tried it and it felt better, so I decided to look for an ICO and invest in, unfortunately, the first ico I invested in turned a scam and that was how I lost all my money, I hustled and put in more money and more money and more money and eventually after like 1 and half year going to two years, I started making some money out of crypto.
Friends saw me I wanted to join, but they always have this mindset of investing $50 today and withdrawing thousands of dollars tomorrow, they never understood that, just like every other business, it takes time to start making money in crypto, each time I try to make them understand this, they feel am deceiving them, this is why I stopped talking to my friends about crypto.

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April 27, 2021, 06:40:48 AM
 #911

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.

When I discovered crypto my understanding is we can earn bigger overnight and before sunrise. Why? Because my classmates and schoolmates are always sleepless. If you ask them why, they are going to answer you "I'm monitoring the price" or "I'm keeping an eye to crypto" or "Make posts". I know this makes me afraid to enter crypto but when I finally decided to study how or what are the things to make me earn in here, I notice that I am wrong. Yes it is patience that we need, become hardworking person, and continuous learning process. Sometimes it may require us to have sleepless nights but it does not always work no that way.
Get rich quickly? Like a normal job or like in school if we start one thing we have to go through the learning process on what we are doing since we are newbie. It is impossible that as a first timer, we already know all the things that we need to know so we become rich quickly. We have to invest effort on how to study this thing, we must fully understand this thing since it is very risky.

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April 27, 2021, 06:47:46 AM
 #912

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.
only miracle could make us rich in a night. this is the most fatal mistake that done by most crypto trader or investors. in finance industry it have big risky that could make loss our money only in second. forex, stock and crypto market were full of risk for unskill investors. and i am agree while we join in this market our knowledge will be our saviour and make us survive or not.

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April 27, 2021, 06:59:40 AM
 #913

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.
only miracle could make us rich in a night. this is the most fatal mistake that done by most crypto trader or investors. in finance industry it have big risky that could make loss our money only in second. forex, stock and crypto market were full of risk for unskill investors. and i am agree while we join in this market our knowledge will be our saviour and make us survive or not.
yes because crypto is not a way to get rich quick. knowledge plays an important role in crypto trading and investing. many people fail because they only think crypto is profitable, but don't care about the risks that will occur in the future. crypto market is very uncertain and difficult to predict even, there will even be people who lose even though the market is bull. they're the ones who always get stuck FOMO, and never be patient.

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April 27, 2021, 11:03:50 AM
 #914

only miracle could make us rich in a night. this is the most fatal mistake that done by most crypto trader or investors. in finance industry it have big risky that could make loss our money only in second. forex, stock and crypto market were full of risk for unskill investors. and i am agree while we join in this market our knowledge will be our saviour and make us survive or not.

Crypto is problematic if people keep thinking only miracles can save them. We all have to wake up and start looking at crypto like an alternative market that is now already approaching mass adoption,,, and regulations recognition.

We cannot simply be asking for overnight riches and flybynight miracles if we also want mainstream adoption:)

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April 27, 2021, 12:28:05 PM
 #915

I don't think it is possible to become rich overnight.
Bitcoin or other altcoins are also bought with money here. However, if you buy any crypto to trade with the intend of making profit, your profit might come but it won't make you rich, cause you spend money to make money, the coin you bought was with money so you just don't put that full confidence on getting rich over night. Though in some lucky cases, the coin might just pump over night, maybe x10.
But the fact remains the same, your consistency, hardwork and determination will take you where you want. 
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April 27, 2021, 02:53:48 PM
 #916

If crypto investors got rich overnight, there would be no poor people in the world. Crypto investment is the most risky job. That is not the only profit here.  Many richmen can become poor overnight. Success requires knowledge, hard work and perseverance. Crypto industry is no exception.
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April 27, 2021, 03:19:32 PM
 #917

If crypto investors got rich overnight, there would be no poor people in the world. Crypto investment is the most risky job. That is not the only profit here.  Many richmen can become poor overnight. Success requires knowledge, hard work and perseverance. Crypto industry is no exception.
We can say that richer can be richer overnight. Most of the richer with a lot of experience in trading especially for those traders that have a background in investment in stocks can be gain too much profit if they position very well and if the market goes skyrocket just a few hours. For most of the people, it requires patience and time for people to become rich. It's a process, the more the hard the situation is, the more that you build up yourself. Don't stop learning, it's a series of learning different strategies.

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April 27, 2021, 03:19:50 PM
 #918

Well it is not really an overnight thing, the reason for that is because those who have invested a long time ago, like 2010 to 2012 are just beginning to enjoy the profits of being able to purchase so many Bitcoins and Altcoins. So the answer is no, it is not a get rich overnight thing. It needs patience and I mean lots of patience. This is an exercise of patience for all of us, and we know that success might be far away, but as long as we have the will to do what needs to be done then we just have to continue working with crypto.

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April 27, 2021, 03:37:57 PM
 #919

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.
only miracle could make us rich in a night. this is the most fatal mistake that done by most crypto trader or investors. in finance industry it have big risky that could make loss our money only in second. forex, stock and crypto market were full of risk for unskill investors. and i am agree while we join in this market our knowledge will be our saviour and make us survive or not.
Such a miracle in a positive direction is probably hard to see in this market, most miracles are still absolute overnight failures, quite coincidentally when the market was most active at our sleep phase, some people who did not wake up during that time were wiped out by a large loss. Overnight wealth is just a concept that lacks real and untrustworthy evidence, the fight between too many members together, the risk ratio will be proportional to that, slowly defeating rivals to get rich is possible but defeating at the same time is just a dream.

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April 27, 2021, 03:59:28 PM
 #920

The answer is yes. I have seen DOGE increase over 200% overnight, above all DOGE in futures trading. If someone executes a Long x20 to x50 order with a good stop-loss, they can bring in profits up to 10,000%.
During this bull run, many cryptocurrencies have increased in value several dozen times. Looking at Doge, Solana, Serum, Binance this April ... many people have become rich buying these currencies.
We may not get rich overnight, but we can get rich by keeping cryptocurrency overnight. Obviously, the returns on cryptocurrencies are great.
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